Business Loan Comparison

Use our business loan comparison to compare interest rates and fees associated with the leading small business loans.

Join over 25,000+ Aussie businesses growing faster!
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Funda Cash Boost Loan

We know that starting out as a small business operator is a very exciting yet gruelling time. With so much to do, and the need to maintain enough cash reserves to continue to operate, juggling everything can become overwhelming. A cash boost could help get your business heading in the right direction.
Establishment Fee:
Loan Size:
Apply Now
Interest Rate:
Loan Term:

Bizcap Business Loan

Borrow between $5,000 to $750,000
Establishment Fee:
Loan Size:
$1,000,000
Apply Now
Interest Rate:
3 and 12 months
Loan Term:
From 14%

Capify Small Business Loan

Same day approvals & funding possible in 24 hours
Establishment Fee:
Loan Size:
$5,000 to $500,000
Apply Now
Interest Rate:
36 months
Loan Term:
From 9%

OnDeck Small Business Loan

Apply for up to $250,000 and receive your approved funds in one business day. Minimum annual turnover of $100,000 and 1 year of trading history required.
Establishment Fee:
3% of loan amount
Loan Size:
$250,000
Apply Now
Interest Rate:
6 months to 2 years
Loan Term:
From 9%

Prospa Small Business Loan

Up to $150K for unexpected expenses or a one-off purchase. Until 30 June 2022, approved Prospa Small Business Loans also come with no repayments for the first 8 weeks*
Establishment Fee:
$0
Loan Size:
$150,000
$5,000
Apply Now
Interest Rate:
3 to 24 months
Loan Term:
From 9%

Moula Business Loan

Access working capital to keep your business running smoothly.
Establishment Fee:
2% Establishment fee
Loan Size:
$5,000 to $250,000
Apply Now
Interest Rate:
1 to 2 years
Loan Term:
From 9%

Zip Business Loan

Grow your business with an unsecured line of credit up to $500,000 from Zip Business.
Establishment Fee:
No establishment fee Upfront Fee
Loan Size:
$500,000 Max. Loan Amount
Apply Now
Interest Rate:
Up to 60 months
Loan Term:
From 9%

Octet Trade Finance

Establishment Fee:
Transaction fee 2.5% - Upfront Fee
Loan Size:
$12,000,000 Max. Loan Amount
Apply Now
Interest Rate:
1 month to 2 years Loan Term
Loan Term:
From 9%

Lumi Line Of Credit

Get flexible access to revolving capital from $5,000 - $500,000
Establishment Fee:
No hidden fees or charges
Loan Size:
Draw down from $2k up to $500k
Apply Now
Interest Rate:
Loan Term:
From 9%

Banjo Business Loan

Establishment Fee:
Loan Size:
Apply Now
Interest Rate:
Loan Term:
From 9%

Propell Business Loan

Establishment Fee:
Loan Size:
Borrow up to $250,000
Apply Now
Interest Rate:
Repay over 12 months
Loan Term:
From 9%

Shift Business Loan

Shift business loan is a convenient business finance solution of up to $1 million to support the growth and expansion of your business. Can be used for any business purpose for up to 5 years.
Establishment Fee:
Loan Size:
Up to $1 million
Apply Now
Interest Rate:
Flexible terms up to 5 years
Loan Term:
From 9%

Prospa Plus Business Loan

Minimum $700K annual turnover and 3 years trading to apply (for loans over $100K) Pre-approval without credit check for loans above $250,000 No asset security required upfront to access Prospa funding up to $150K. Early payout available
Establishment Fee:
2.5% of the loan amount
Loan Size:
$500K
Apply Now
Interest Rate:
Fixed term up to 36 months
Loan Term:
From 9%

Lumi Lux™ Rate Reducing Loan

Lumi's rate-reducing Lumi Lux™ business loan. 25 basis points (0.25%) every 6 months with good behaviour up to a maximum of 2% (APR) drop
Establishment Fee:
The establishment fee is 3.5% of the disbursed amount.
Loan Size:
From $200K and loan terms up to 4 years
Apply Now
Interest Rate:
Up To 4 Years
Loan Term:
From 9%

Lumi Business Loan

Apply for up to $300,000 from Lumi and benefit from short loan terms, no early repayment fees and once approved receive your funds in just one business day. Note: Loans settled by 30 June 2022 are eligible for a no repayment period for the first 6 weeks of the loan.
Establishment Fee:
2.5%
Loan Size:
Up to $500,000
$2,450
Apply Now
Interest Rate:
3-36 Months
Loan Term:
From 9%*
Business Loan Comparison with Rates and Fees
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
We have created the ultimate business loan comparison

In this comparison of small business loans we compare all the relevant factors and the way they can impact the amount of money you can borrow for your business.

when looking into business lines it is important to understand the mechanics of how they work the coaches the fees and any associated interest rates that may impact the final annual interest rate applied to your loan.

When comparing business lines it’s important to determine the difference between the advertised interest rate and the annual interest rate that you’ll be paying against the loan keep in mind here that it is different between different products as well.

For example if you have a line of credit business loan it will be different to a term deposit business loan you might also incur different rates and all fees between the different types of business loan products.

Business finance is a great enable of cash flow often you’ll be asked to provide a reason for your business loan this could include things like growth and expansion marketing spend buying inventory buying business equipment and other products related to the services you offer.

The main thing that you need to consider when comparing different business lines is the eligibility criteria this set of criteria will provide an accurate way for the lenders to assess your borrowing capacity as a small business while most lenders will require an ABN and six months of training as trading as a minimum.

While having a good quality credit score both as a business and an individual direct or stakeholder within that business is also important.

When you are the director or stakeholder within a business it is also important to consider the speed with which you pay back the loan the greater the loan term likely at the higher the fee involved in borrowing the money.

Many lenders let you apply online this is a great timesaver for small business as it allows you to get a quick snapshot in a very streamlined application process.

Understand Different Business Loan Repayments

Make sure you understand the repayments that will need to be made and the frequency of those repayments this could include weekly fortnightly or monthly repayments and this will also impact the amount of money you pay back because interest accrues daily

How to compare business loans

So you are ready to start comparing business loans?

Well here is a handy check list to get you started.
Understand the difference between a bank and a non-bank lender this is important because they will have different rates and different types of products to compare against.

Lender COMPARISON

Compare our Business Lenders

Prospa
BizCap
Shift
OnDeck
Unsecured Loans
Secured Loans
Line of Credit
Interest Rate
From 9%*
From 15%*
From 9%*
From 15%*
Repayment Term
From 6 months
From 6 months
From 6 months
From 6 months
Loan Amount
$5,000 - $500k
$5,000 - $500k
$5,000 - $500k
$5,000 - $500k
Feature
Free
Feature
$30/mo
Feature
$30/mo
Feature
Feature
Feature
Feature
Free
Feature
$30/mo
Feature
$30/mo
Feature
Feature
Feature
Feature
Free
Feature
$30/mo
Feature
$30/mo
Feature
Feature
Feature
FAQ

Business Loan Comparison FAQs

Apply Now
Which bank is best for business loans?

Well there are many bank and non-bank lenders out there in the marketplace there is no single best bank for a business loan. What do you need to consider is the best loan for your business different businesses will have different needs and making sure you select the right loan for your individual business circumstances is very important.

What bank is easiest to get a business loan?

Many banks and non-bank lenders have different credit policies often the non-bank lenders will have a facility with a bank that has the same credit criteria for the non-bank lender as the bank itself. Making sure you meet the requirements stipulated by the lender is the number one way to ensure you get a loan accurately.

How can a beginner get a business loan?

If by beginning you mean a business that has been in operation for less than six months it will be very difficult you're probably better off looking at government grants or incubators that will lend you money for equity within your business most banks and non-bank lenders will not provide a line of credit or term loan to a business with any operating time less than six months. This is in part due to the need to have generated enough turnover that could be averaged out over the six months previous to the time of loan submission.

How much deposit do I need for a business loan Australia?

In general Banks and Non-Bank lenders will require a level of turnover higher than $5000 a month a good rule of thumb or goal to have is more than $10,000 per month in average monthly income.

Who is eligible for business loan?

Businesses that have been in operation for longer than six months Holden active and current ABN are Australian citizens and have monthly turnover greater than $10,000 are eligible.

How much will a bank loan me for a business?

Depending on the range of options related to the individual product that you have selected to match with your business you are likely to receive funding from anywhere between $5000 and $500,000.

Unsecured business finance

Get fast business finance today!

Apply now to see how much funding your business is eligible for.

Apply Now
101,543+ Aussie businesses trust Plotly.
cockatooloans.com.au and plotly.com.au are registered domain names owned by Cockatoo Financial Pty Ltd ABN 55 659 191 885 incorporated in Australia. Cockatoo Group and Cockatoo Loans are registered business names and are owned by Cockatoo Financial Pty Ltd(CF).CF is a there for you to find the best business loan in the market. We do not give financial advice and this printed matter is for informational purposes only. CF takes no responsibility for any financial decisions made in relation to loans discussed as part of our service.

Copyright © 2022 plotly.com.au