Unsecured Business Loans

A great way for small business owners to borrow money without providing collateral

Unsecured Business Loan Summary

Unsecured business loans are loans provided for a fixed period of time that are not backed by property, equipment or another form of collateral. Because they are not secured by collateral, unsecured business loans are supported in another way, often by business cash flows in combination with the borrower’s creditworthiness.


  • A set payment structure
  • Limited paperwork
  • You can get an unsecured loan even if you have bad credit
  • Suitable for a wide range of purposes


  • Higher rates than longer-term loans
  • Daily or weekly payments can prove difficult for some businesses
Prefer to talk to a loan expert?
1300 898 765
Unsure how much you can borrow?
Try our business loan calculators

Unsecured Loan Calculator

  • Borrow without risking property / assets

  • Loan terms of 3-12 months

  • Security needed for longer borrowing

  • No personal guarantees required

How much do you need?

Over how many months?

Based on your answers,

Your estimated weekly repayments are: $1,498 / week

Apply now

Prefer to talk to a business loans expert?
Call us on 1300 898 765

  • Borrow with the certainty of fixed repayments

  • Loan terms of 1 to 20 years

  • Monthly repayments

  • Secured & unsecured options available

How much do you want to borrow?

Interest Rate

Over How many years?

Based on your answers,

Monthly Repayments $9,666

Total Repayments $579,960

Interest Costs $79,960

Apply now

Prefer to talk to a business loans expert?
Call us on 1300 898 765

  • No deposit options available

  • Rates from 4.09%

  • Loans from 1 - 10 years

  • Low Doc options available for business owners

What is your vehicle/equipment cost?

Interest Rate

Over how many years?

Based on your answers,

Monthly Repayments: $1,473

Total Repayments: $88,399

Interest Costs: $8,399

Apply now

Prefer to talk to a business loans expert?
Call us on 1300 898 765

Invoice Finance Calculator

  • Loans against your outstanding invoices

  • Undisclosed options available

  • Rates from 0.5% per month

  • Same-day approvals

Outstanding Receivables

Advance Rate

Based on your answers,

Receive up front: $480,000

90 days interest costs:

Minimum $14,400

Maximum $21,600

Apply now

Prefer to talk to a business loans expert?
Call us on 1300 898 765

How do Unsecured Business Loans work?

Most unsecured business loans are short-term. They are short-term due to the fact that they carry more risk to the lenders. Short-term unsecured loans often come with factor rates instead of interest rates. A factor rate is a number that, when multiplied by your total loan amount, tells you how much you need to pay back the lender. It’s expressed as a figure such as 1.15. So, if your loan is for $100,000 and your factor rate is 1.15, you need to pay $115,000. In addition, short-term unsecured business loans often have either weekly or daily repayments. Breaking repayments down into smaller amounts can make it easier to manage your cash flow. Because of the need for daily or weekly repayments, short-term unsecured business loans are best suited to businesses that have a stable and regular revenue. Here is an example of how an unsecured loan could work for you:

An unsecured loan example

Documents required for unsecured loan applications

Loans less than $50,000

  • Your driver’s licence
  • Your ABN
  • Three months of bank statements


Loans greater than $50,000

  • The same documents as needed for less than $50,000, plus:
  • A P&L (profit & loss) statement
  • A list of assets and liabilities


Do you qualify?

If you do not fit in to the qualification criteria, you may still qualify for a different type of business loan. Use Funding Pro’s online prequalification tool to find out what types of business loans you are eligible for.

Qualification criteria

  • Trading for a minimum of 6 months
  • Revenues of at least $5,000 per month

We cannot assist

  • Start-up businesses
  • Businesses with less than $5,000 in monthly revenue

Apply for Unsecured Finance

Get the lowest rates on an Unsecured Business Loan

Get Approved

Explore more business loan options

Looking for more options?
See our complete range of loans

Find your ideal loan

It’s free and it won’t affect your credit score

Apply now