Unsecured Business
Loans
Unsecured Business
Loans
Asset Funder will help you find
the perfect Unsecured Business Loan
Asset Funder will help you find the perfect Unsecured Business Loan
Unsecured Business Loans Australia
Asset Funder provides flexible Unsecured Business Loans designed to help Australian businesses access the funding they need without the requirement for asset security. We understand that no two businesses operate the same way, which is why our finance solutions are structured to suit a wide range of situations — from growing startups to well-established companies.
Whether you need extra working capital, funds to support expansion, or finance to take advantage of a new business opportunity, Asset Funder can help make it happen. Our team focuses on keeping the process simple, fast, and transparent while working to secure competitive lending options for our clients.
With a strong commitment to supporting Australian businesses, Asset Funder aims to provide reliable funding solutions that allow you to focus on what matters most — running and growing your business.
Eligibility Criteria
- Have an active ABN
- Operating for more than 6 months
- Monthly turnover > $5K
Our Loan Guide
$5k - $500k
Starts from 7.99% p.a.
3 – 60 months
-
Pre - approved time
2 - 4 hrs -
Unconditional approval & settlement time
24 – 72 hours -
Pay Cycle
Daily/ Weekly/Fortnightly -
Security
No Security required
Disclaimer - The information provided in this critical information sheet is for general guidance only. Please contact us if you require further details.
What you need to know?
Unsecured Business Loans
- Buying stock/Inventory
- Paying wages/rent
- Expansion into branches or another unit
- Renovating business premises
- Other working capital needs
Documents required (low doc approval)
- Up to $250,000 basis
- Last 6 months bank statements
- Valid identification proof
Documents required (full doc approval)
- More than $250,000 basis additional docs
- Financial statements
- ATO statement
Benefits
- No risk of losing asset
- Quick funding process
- Least documentation
Calculate your business loan estimate today
Simply slide the button or enter the loan amount and terms (in weeks) you are looking to borrow.
The estimated repayments are based on the annual percentage rate and are for indicative purposes only. They’re based on interests generally charged by the lenders in this space, however, every business is different and the actual repayment would depend on factors such as:
- Buying stock/Inventory
- Paying wages/rent
- Expansion into branches or another unit
- Renovating business premises
- Other working capital needs
Disclaimer: The calculation provided is for indicative purpose only. The interest rate and repayment may vary based on individual business risk profile.
Feel free to use our Equipment Finance Calculator
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
| Period | Payment | Interest | Balance |
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Calculator Disclaimer
The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by Asset Funder. It does not take into account your personal or financial circumstances.
If you wish to get more accurate loan repayment figures, please complete your application
form by filling out your loan details. One of our lending specialists will get in touch with you
to discuss your requirements in detail.
Explore & Compare Unsecured Business Loan Types
There are a range of unsecured business loan products available in the market, which can make choosing the right option for your business challenging. To assist, we have summarised and compared some of the most popular unsecured business loan options used by businesses.
Small Busines Loans
These loans are appropriate for small businesses who generally
require a quick hassle-free funding with least documentation.
- Need only Bank Statements for approval upto $250k
- Loan term 3 - 36 months
- Funding possible in 24 hours/1 business day
Low Doc Busines Loans
The loan enables self-employed borrowers and small businesses to secure cash flow or business capital without the requirement to furnish supporting financial documentation typically needed for loan approval.
- Minimum Documentation
- Borrow up to $250,000
- Loan terms upto 36 months
Business Line of Credit
The facility gives flexibility to business owners to redraw and repay as and when the funds are required.
- Interest free cash flow buffer to businesses
- Flexbility and control to the borrower
- Pay interest only on utilisation
Unsecured Invoice Funding
An invoice finance facility allows access to funds to businesses in advance against their invoices.
- Highly effective for businesses with higher invoice realisation period.
- One can get higher limits without any security.
- Helps with the injection of short term liquidity in the business.
ATO Tax Debt Loans
Managing ATO tax debt is a common challenge for many, but with the right approach, it can be seemingly integrated in the business strategy.
- By consolidating tax debt into a loan, businesses can better manage their cash flow.
- Timely repayment of tax debts can prevent adverse effects on your credit rating.
- Tailored repayment plans to suit your business needs.
What you should know about Unsecured Business Loans
What Are The Advantages And Disadvantages Of Taking An Unsecured Business Loan?
Advantages
- No assets required as security
- Fast approval and funding
- Flexible use of funds
- Accessible for businesses without significant assets
Disadvantages
- Interest rates may be higher than secured loans
- Loan amounts may depend on business performance and credit profile
- Repayment terms are often shorter
- Lenders may require a director’s guarantee
Common reasons why loan applications are declined
Unsecured business loans are generally considered higher-risk lending products, which means lenders may apply stricter eligibility criteria. As we work with a wide panel of lenders in this space, we take the time to understand each client’s business profile in detail. This allows us to present your application in the best possible light and help secure approval on competitive terms.
Common reasons for decline:
- Bad credit history
- Low serviceability
- Shorter trading time
- High existing debts
Finding the unsecured business loan with the right rate, terms and amount could be stressful and one can often miss the things to avoid on the lookout. We work with our customers to find the best suited loan for their businesses and help them avoid these mistakes. Simply complete the online application form or send us a message and one of our lending specialists will be in touch to discuss your business finance requirement.
What documents are required to apply for an unsecured business loan?
Unsecured business loans of up to $250,000 can often be approved with minimal documentation.
In most cases, lenders may require:
- The last 6 months of business bank statements
- Valid identification
- ATO statements (required in some cases depending on the lender and application)
For unsecured business loans over $250,000, lenders typically require additional documentation due to the higher loan amount.
Commonly requested documents include:
- The last 6 months of business bank statements
- Valid identification
- Financial statements
- ATO statements
- BAS statements
Unsecured business loan application criteria
The application process for unsecured business loans is typically straightforward and relies on a scoring matrix. Some of the key factors we take into account in our scoring system include:
Credit history
When there is no collateral offered as security, the borrower’s credit score plays a big role in determining how much they can borrow. A lender will be more confident to grant a larger loan amount if the applicant has a higher credit score, and vice versa. The good news is that you can raise your credit score by repaying the loan on schedule.
Time in business
Lenders often view the length of time a business has been operating as an indicator of stability and growth potential. Typically, businesses that have been running for more than a year are considered more likely to handle additional debt. However, newer businesses are not excluded from obtaining an unsecured business loan. It may simply mean that their initial borrowing limit could be lower compared to more established companies. As you demonstrate timely repayments, your borrowing capacity can increase over time.
Financial Strength
Lenders usually evaluate a company’s cash flow and ability to service a loan when deciding on the loan amount. Businesses with higher average monthly income may qualify for larger loan amounts.
Industry
The industry in which your business operates can influence the unsecured loan amount you may be approved for. Businesses that sell directly to consumers (B2C) often receive immediate payments via cash or credit card, providing steady cash flow—something lenders favour. In contrast, companies that primarily operate business-to-business (B2B) and rely on invoicing may experience delayed payments, which lenders may view as a higher risk, potentially limiting the loan amount available.
Asset Funder recognises that every business has its own unique strengths, and we are here to help you showcase these to lenders so you can secure the business loan you need.
How Can an Unsecured Business Loan Be Used?
Unsecured business loans offer flexibility and can be used for a variety of business expenses. If you need quick, short-term funding, this type of loan is an ideal solution.
For example, a seasonal business may require immediate funds to purchase inventory. An unsecured business loan can help you stock up and maximise sales during peak periods.
Other common uses for unsecured business loans include:
- Invest in a new business
- Expand into new branches or units
- Purchase property
- Meet working capital needs
- Buy stock or inventory
- Acquire equipment
- Pay wages or rent
- Renovate business premises
- Pay tax dues
- Advertising and marketing
Have You Considered Cash Flow Financing?
An unsecured business loan provides quick access to capital without requiring collateral, making it ideal for businesses that may not have valuable assets. For businesses with irregular cash flow, cash flow financing can be an effective alternative.
These solutions are particularly useful for managing short-term expenses without the long-term commitment of a traditional loan. At Asset Funder, we help you explore these options to find the best fit for your business’s financial needs.
Learn More About – Business Line of Credit
Bad Credit Unsecured Business Loans
Can you get an unsecured loan with bad credit?
Yes, it’s possible to secure an unsecured business loan even with bad credit in Australia, though it may be more challenging. Some lenders specialise in helping businesses with less-than-perfect credit, considering factors beyond your credit score, such as cash flow, revenue, and overall financial stability. These loans may carry higher interest rates or shorter terms but can provide quick access to funds without requiring collateral. Working with a finance broker can help you find the lenders most suited to your situation.
How can I improve my chances of getting an unsecured business loan with bad credit?
Start by focusing on your business’s financial health. Demonstrating consistent income, maintaining stable cash flow, and reducing outstanding debts can improve your credibility. Meeting current financial obligations on time and considering a smaller initial loan can also help build trust with lenders. Asset Funder brokers can guide you to lenders more likely to approve loans for businesses with bad credit.
What steps can I take to improve my business credit for the future?
To strengthen your business credit over time:
- Pay off outstanding debts and maintain a strong payment history with suppliers and creditors
- Regularly review your credit report for errors
- Keep your credit utilisation low
- Separate business and personal finances to establish solid financial practices
Following these steps can gradually improve your credit score and increase your ability to secure more favourable loan terms in the future.
Steps to Apply for an
Unsecured Business Loan
1. Check your
Eligibility
Check your business’s basic loan eligibility and complete the application form in just 60 seconds.
2. Submit your
application
Once you submit your application form, we’ll contact you to discuss your business needs and guide you on the documents required.
3. Get an approval as quick as in 24hr
Once we have all the required documents, we submit your application to the most suitable lender and can secure loan approval in as little as 24 hours.
Get pre-approved
Without any credit checks
What's the difference?
Unsecured vs. Secured Business Loan
Unsecured Business Loan
- No collateral required
- Fast, often within 24–48 hours
- Typically, smaller
- Higher, due to higher risk
- Stricter credit & cash flow assessment
- Lower risk of losing assets
- Flexible use of funds
Secured Business Loan
- Requires business or personal assets as security
- Slower due to asset valuation and paperwork
- Can be larger depending on asset value
- Lower, as risk is reduced for lender
- May be easier if strong assets are available
- Higher risk—assets can be claimed if loan defaults
- Flexible, but may depend on asset type
Unsecured Business Loan Interest Rates In Australia Compared
Interest rate is one of the key factors to be considered by small businesses owners while deciding on a business loan option. Unsecured business loans are riskier loan products and lenders offering this facility are exposed to various risks, so there no blanket rate which can be quoted to all the businesses. The interest rate varies from business to business depending up on the nature of business cashflow, industry, trading time, scale of operations, credit history etc
Let’s illustrate it by some business case illustrations
Case Study 1
To conclude, every business is different and pose different risk to the lenders, thus showing an interest rate table would not be the most accurate information. However, we have lending specialist who have helped businesses across myriad sectors with different risk profiles and can give you an indicative quote after discussing your business risk profile without even logging the application or running a credit check. Simply complete the application form or send us a message and one of our lending specialists with be in touch to give you an indicative term.
Case Study 2
To conclude, every business is different and pose different risk to the lenders, thus showing an interest rate table would not be the most accurate information. However, we have lending specialist who have helped businesses across myriad sectors with different risk profiles and can give you an indicative quote after discussing your business risk profile without even logging the application or running a credit check. Simply complete the application form or send us a message and one of our lending specialists with be in touch to give you an indicative term.
Why choose Asset Funder for business success?
Competitive
terms
We prioritise our customers’ best interests by securing business loans on the most competitive terms.
- Expert structuring and presentation of complex deals
- Supported by a team of qualified Chartered Accountants, CPAs, and experienced finance brokers
Small business specialists
With more than 15 years of experience in small business financing, we provide tailored financing solutions by connecting small businesses with a network of over 90 lenders.
Customer satisfaction
Our clients’ testimonials reflect the quality of our service. You can view their reviews to see their
experiences with us.
Clear communication
We value your time and never give false promises. Transparent and straightforward communication is at the core of everything we do.
Small business specialists
Customer satisfaction
Our clients’ testimonials reflect the quality of our service. You can view their reviews to see their experiences with us.
Clear communication
We value your time and never give false promises. Transparent and straightforward communication is at the core of everything we do.
