BUSINESS FINANCE
Updated 2 Sep 2025
Compare short-term business loans to suit your needs, with finance terms starting from as little as one month.
Our business finance experts are here to help.
Step 1
What are your plans for the finance and how soon do you plan to repay it? Understanding this will help us find lenders to match.
Step 2
We’ll present you with short-term finance options, allowing you to compare rates, fees and limits from a range of providers.
Step 3
We’ll do the legwork to prepare your application, giving you the best chance of fast approval.
Loan purpose Loan amount | ||
![]() | Group And General Business LoanInterest rates from 6.39% - 10.89%per annum Loan amounts $10k - $350kLoan terms 1 - 5 years | Compare now on Money.com.au |
![]() | ScotPac Business Finance Business LoanInterest rates from 6.50% - 14.85%per annum Loan amounts $10k - $4mLoan terms 1 month - 30 years | Compare now on Money.com.au |
![]() | Resimac Business LoanInterest rates from 6.64% - 13.59%per annum Loan amounts $5k - $450kLoan terms 1 - 7 years | Compare now on Money.com.au |
![]() | Dynamoney Business LoanInterest rates from 6.69% - 19.40%per annum Loan amounts $2k - $1mLoan terms 6 months - 7 years | Compare now on Money.com.au |
![]() | Flexicommercial Business LoanInterest rates from 6.85% - 13.90%per annum Loan amounts $10k - $750kLoan terms Up to 7 years | Compare now on Money.com.au |
![]() | Angle Finance Business LoanInterest rates from 6.99% - 16.95%per annum Loan amounts $5k - $500kLoan terms 3 - 7 years | Compare now on Money.com.au |
![]() | Metro Business LoanInterest rates from 7.15% - 9.20%per annum Loan amounts $10k - $300kLoan terms 2 - 5 years | Compare now on Money.com.au |
![]() | Westpac Business LoanInterest rates from 7.20% - 10.01%per annum Loan amounts $15k - $650kLoan terms Quoted on application | Compare now on Money.com.au |
![]() | Azora Finance Business LoanInterest rates from 7.30% - 16.24%per annum Loan amounts $1k - $250kLoan terms Quoted on application | Compare now on Money.com.au |
![]() | Branded Financial Services Business LoanInterest rates from 7.45% - 11.55%per annum Loan amounts $5k - $250kLoan terms 1 - 7 years | Compare now on Money.com.au |
![]() | Selfco Pty Ltd Business LoanInterest rates from 7.49% - 12.90%per annum Loan amounts $25k - $300kLoan terms Up to 5 years | Compare now on Money.com.au |
![]() | Capital Finance Business LoanInterest rates from 7.70% - 14.00%per annum Loan amounts $5k - $150kLoan terms Quoted on application | Compare now on Money.com.au |
![]() | Vestone Capital Business LoanInterest rates from 7.74% - 16.99%per annum Loan amounts $2k - $1mLoan terms 1 - 7 years24 months min trading history | Compare now on Money.com.au |
![]() | Moneytech Business LoanInterest rates from 7.99% - 17.74%per annum Loan amounts $25k - $2mLoan terms Quoted on application | Compare now on Money.com.au |
![]() | Westlawn Business LoanInterest rates from 8.25% - 10.75%per annum Loan amounts $20k - $250kLoan terms 3 - 5 years | Compare now on Money.com.au |
![]() | Funding Business LoanInterest rates from 8.49% - 9.50%per annum Loan amounts $25k - $10mLoan terms Quoted on application | Compare now on Money.com.au |
![]() | Multipli Business LoanInterest rates from 8.49% - 11.99%per annum Loan amounts $30k - $1mLoan terms Quoted on application | Compare now on Money.com.au |
![]() | Banjo Loans Business LoanInterest rates from 9.75% - 34.95%per annum Loan amounts $20k - $2mLoan terms 2 months - 5 years$41,666 minimum monthly sales | Compare now on Money.com.au |
![]() | TruePillars Business LoanInterest rates from 9.90% - 20.90%per annum Loan amounts $25k - $300kLoan terms 1 - 7 years | Compare now on Money.com.au |
![]() | Octet Business LoanInterest rates from 10.35%per annum Loan amounts $100k - $12mLoan terms Quoted on application$83,333 minimum monthly sales | Compare now on Money.com.au |
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A short-term business loan is a type of unsecured business finance with a term of between one month and three years. They are usually used by businesses to cover sudden expenses or to capitalise on a limited-time growth opportunity. They are also popular with seasonal businesses in Australia.
With a standard business loan, one year is typically the shortest term available. But with short-term finance, lenders are specifically targeting businesses looking for a truncated repayment schedule.
A short-term business loan provides access to funds for any genuine commercial purpose. Lenders will assess your business revenue to determine whether it can comfortably repay the loan amount. The business will agree to repay the loan amount plus interest over an agreed term.
Bizcap | |
Minimum loan term | 3 months |
Loan amounts | $5,000 - $5 million |
Lumi | |
Minimum loan term | 3 months |
Loan amounts | $10,000 - $300,000 |
Prospa | |
Minimum loan term | 3 months |
Loan amounts | $5,000 - $150,000 |
Banjo | |
Minimum loan term | 6 months |
Loan amounts | $20,000 - $2 million |
Business Fuel | |
Minimum loan term | 6 months |
Loan amounts | $10,000 - $500,000 |
OnDeck | |
Minimum loan term | 6 months |
Loan amounts | $10,000 - $250,000 |
Scotpac | |
Minimum loan term | 6 months |
Loan amounts | $10,000 - $500,000 |
Dynamoney | |
Minimum loan term | 12 months |
Loan amounts | $5,000 - $500,000 |
Moula | |
Minimum loan term | 12 months |
Loan amounts | $10,000 - $250,000 |
Minimum loan term | Loan amounts | |
---|---|---|
Bizcap | 3 months | $5,000 - $5 million |
Lumi | 3 months | $10,000 - $300,000 |
Prospa | 3 months | $5,000 - $150,000 |
Banjo | 6 months | $20,000 - $2 million |
Business Fuel | 6 months | $10,000 - $500,000 |
OnDeck | 6 months | $10,000 - $250,000 |
Scotpac | 6 months | $10,000 - $500,000 |
Dynamoney | 12 months | $5,000 - $500,000 |
Moula | 12 months | $10,000 - $250,000 |
Short-term business loans are used in Australia by businesses that require fast access to finance and can demonstrate an ability to comfortably repay the loan amount over a short period of time.
There are two types of short-term business loans...
A secured short-term business loan uses an asset (also known as ‘collateral’), such as residential property, as a guarantee on the loan. Secured finance usually means you get a lower interest rate and can borrow a higher amount. However, the application process may take longer.
An unsecured short-term business loan does not require any security. With unsecured business finance it's usually possible to get the loan approved faster, but higher interest rates and fees may apply. It may be difficult for newly-established businesses to be approved for unsecured short-term finance.
Short-term finance is generally used to cover immediate operating costs where there is a temporary cashflow gap, particularly for seasonal businesses. That could include ordering stock, paying suppliers or contractors.
If your business all of a sudden has a large, one-off cost to absorb, a short-term loan could provide the up-front capital to pay the bill. A short repayment term means the cost does not turn into a long-term liability.
If your business does not qualify for a standard business loan term, some lenders may be willing to lend to you on a shorter contract. This is less risky for lenders, assuming you can service the repayments.
Short term business finance can also allow businesses to capitalise on growth opportunities even if they don’t have the cash reserves to fund it otherwise.
A retail business has been working hard for a number of years to operate in the same area as a competitor. Over time, they are able to compete at a higher level than the rival retail store, who announce that they are entering liquidation. The competitor will be selling their remaining inventory at a heavily discounted price — but only for a few days.
To maximise on the opportunity and secure the discounted inventory, the owner of the retail business takes out a short-term business loan to access $50,000 in immediate funding and close the sale on the remaining stock.
As the inventory is heavily discounted, the retail business greatly increases its profit margin on each sale, with part of the increased revenue going towards the loan repayments.
Around 1 in 5 business loan requests in 2025 are from businesses looking for immediate access to day-to-day capital to plug a cashflow gap, Money.com.au data shows.
Deciding between short and long-term business finance comes down to what you need the funds for. Short-term finance can be ideal for an expense which the business can recoup quickly or otherwise repay in a short amount of time, like purchasing stock. Longer-term finance is better if you want to maintain cashflow by spreading the cost over a longer period, such as an asset purchase.
But there are some other significant differences to factor into the decision too. If you're not sure whether a short-term loan or a long-term loan is best for your business, here are some of the main features of each.
Loan amount | |
Short term business loan | $100,000 |
Standard business loan | $100,000 |
Interest rate | |
Short term business loan | 16% |
Standard business loan | 12% |
Loan term | |
Short term business loan | 1 year |
Standard business loan | 3 years |
Weekly repayment | |
Short term business loan | $2,084 |
Standard business loan | $764 |
Total interest cost | |
Short term business loan | $8,367 |
Standard business loan | $19,192 |
Short term business loan | Standard business loan | |
---|---|---|
Loan amount | $100,000 | $100,000 |
Interest rate | 16% | 12% |
Loan term | 1 year | 3 years |
Weekly repayment | $2,084 | $764 |
Total interest cost | $8,367 | $19,192 |
Phil Collard, Money.com.au Business Finance Broker
What’s important is finding a product, a finance structure and term length to suit your business. All borrowers should ask themselves, what is my business comfortable paying per week, per fortnight, per month in terms of repayments? That then dictates most other decisions about your finance. There's no point in you doing a longer loan term to get lower regular payments than you can afford if you plan on paying it out in the first third of the loan period. It's just going to hurt you on the back end with extra interest or break costs.
Phil Collard, Money.com.au Business Finance Broker
Qualifying for a short-term business loan can be relatively simple. If your business bank statements illustrate an ability to comfortably repay your desired loan amount within the agreed loan term, you will qualify for approval, assuming you meet the basic eligibility requirements:
Low doc business lenders often approve customers with the bare minimum of documentation and no credit check. Speak to a Money.com.au business finance broker to discuss your application options.
There are two main types of applications, which will depend on the amount you wish to borrow. Either way lenders will assess an application based on the monthly revenue of the business, its intended use for the loan, how the loan will benefit future business revenue, and more.
For smaller loans, the approval process will be fairly simple and you may even be approved on the same day. You can generally apply online with a number of different specialist business loan lenders, including those who provide short-term business loans designed specifically for SMEs.
You'll need to provide:
Proof of identity An ABN and GST registration Business bank account statements Trust Deed if the business is held in a trust
For larger amounts, your lender will require all the documentation provided if borrowing less than $150,000 plus additional information to assess your application. You'll typically need to speak directly with a broker or lender, as opposed to being able to apply completely online.
You'll need to provide financial records provided by your accountant… Profit and loss statements Balance sheet
Phil Collard, Money.com.au Business Finance Broker
Lenders generally place a lot of weight on the applicant’s bank statement conduct. If you are running low balances consistently, dishonouring regularly, or are overdrawn in your business bank account regularly, that could be an issue. The number one thing we say to customers who may in the future go down the path of getting a business loan is make sure at least the last six months' worth of banking conduct are as squeaky clean as you can get them. No dishonours, little overdrawn days to none. Make sure you've got a healthy amount of running balances on your bank statements.
Phil Collard, Money.com.au Business Finance Broker
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If your business needs a short-term injection of capital, there are a few alternatives to getting a term loan:
For ongoing access to working capital, a business line of credit or business overdraft are popular options. These provide ongoing access to credit meaning you can draw down funds as needed and repay them when you have the funds available. You can draw down funds as often as your businesses needs, up to your credit limit.
Invoice finance is another potential source of short-term finance for businesses with outstanding invoices. This involves selling your invoices to an invoice financier who pays you up to 80% of the value of those invoices up front.
For longer-term investment, like purchasing equipment and asset finance, a chattel mortgage will generally be more suitable.
If you operate a business in Australia, have an ABN and are registered for GST, you can likely qualify for a short-term business loan if you are able to provide bank statements and meet minimum operating criteria set by each lender.
The number one reason short-term business loan applications are declined is because your business financials do not illustrate an ability to service the loan amount.
You can strengthen your application by providing a lender with a business plan — a detailed plan showing how you plan to use the funds and meet your repayments.
Other common issues with applications include:
If you are borrowing less than $100,000, you can generally apply with a lender online and get approved on the same day by only submitting your business bank statements and identification.
Technically, you can use short-term finance for any legitimate business purpose. However, there are a number of different business loans in Australia and each of them has its own benefits and best-use scenarios. Consider comparing all your options before applying.
You can generally borrow between $5,000 and $5 million with a short-term business loan. However, this amount will vary between lenders and will depend on the strength of your application and business turnover.
It may be possible to pay out a short-term business loan early but exit or break fees generally apply. These compensate the lender for interest they will not earn over the remaining term of the loan. Break fees can be significant so it’s important to choose your loan term carefully, or find a lender who will let you pay out the loan early without penalty.
The information on this page is general in nature and has been prepared without considering your objectives, financial situation or needs. You should consider whether the information provided and the nature of any loan product is suitable for you and seek independent financial advice if necessary.
We are not providing you with a recommendation or suggestion about a particular product. You should read the relevant disclosure information from the lender before deciding whether to apply for or continue to use a particular product.
The products displayed in our business loan comparison tables are those available from Money.com.au’s lending partners that match the loan criteria selected at the top of the table. The comparison does not cover all lenders available in the market, nor does it cover all products available from those providers shown. The comparison does not include all product features, costs and eligibility criteria that may be relevant to you.
Product information, such as interest rates, fees and charges, is subject to change without notice. Please check current product details with one of our business lending specialists or directly with the lender before proceeding.
Users can easily change the sort order and apply product filters to our product comparison tables based on what they need. However, when you first arrive on a page, a default loan amount and purpose is selected and business loans are automatically sorted by:
The order of the products in our business loan comparison tables is not influenced by any commercial arrangements.
If you get a business loan as a result of visiting this page and/or dealing with a Money.com.au business lending specialist, we may earn a commission from the lender. Read more about how we make money.
Money.com.au has strict rules and policies in place that ensure we can provide accurate and reliable information to consumers and businesses about financial products, without it being influenced by our commercial arrangements.