Unsecured Business Loans
Unsecured Business Loans Australia: Compare 60+ Lenders, No Security Required
An unsecured business loan lets you access funding without putting property or business assets on the line. It is the fastest route to finance for most small businesses, with approvals often turned around in days rather than weeks. Lodestar Finance compares unsecured business loan options across 60+ Australian lenders, so you see the realistic range of offers before committing to one.
Lodestar Finance Pty Ltd · Credit Representative (CRN 571879) of Purple Circle FS · Australian Credit Licence 486112 · 60+ Lenders Compared
Lenders
5
+
Transparency
9
%
Clients Served
10
+
How Unsecured Business Loans Work in Australia
No Property or Asset Required
Approval is based on your business's trading performance and cash flow rather than an asset pledged as collateral, which is what allows the process to move so much faster than secured lending.
Personal Guarantee
Most unsecured business loans still require a personal guarantee from the business owner or directors, meaning you remain personally accountable even though no specific asset is named at settlement.
Faster Turnaround
Without a valuation or security registration to arrange, many unsecured lenders assess and settle within 24 to 72 hours of a complete application.
Loan Amount and Term
Unsecured facilities are generally smaller and shorter than secured lending, commonly ranging from a few thousand dollars up to $250,000 to $500,000, over terms of 1 to 5 years.
Our Lenders
Why a Broker, Not Just a Bank
Unsecured lending is one of the most fragmented parts of the Australian business finance market, with dozens of lenders pricing the same application differently based on their own risk appetite. Applying to several lenders yourself generates a separate credit enquiry with each attempt.
Under the Best Interests Duty, a broker compares your options across a panel at once, presenting the lenders genuinely likely to approve your application rather than testing your file against every option one at a time.
Who's Eligible for an Unsecured Business Loan?
- An active ABN, generally trading for a minimum of 6 months, though requirements vary by lender
- Consistent, verifiable revenue through a business bank account
- A reasonable personal and business credit history, without unresolved defaults
- Willingness to provide a personal guarantee, which most unsecured lenders require
- Existing debt commitments that leave room for a new repayment within your cash flow
What Can You Use an Unsecured Business Loan For?
Unsecured business loans commonly fund working capital, stock purchases, short term cash flow gaps, marketing spend, staff hiring, and smaller equipment purchases. They suit needs where speed and simplicity matter more than securing the lowest possible rate. For larger amounts or longer terms, our Secured Business Loans page may offer a more cost effective structure.
CALCULATORS
Get a Real Number in Under a Minute
Run your numbers through our Business Loan Repayments calculator, and read our full guide to Unsecured Business Loans for a deeper look at how secured and unsecured pricing compare.
With Lodestar Finance
You don’t have to figure it out alone! We'll help you with:
Finding lenders likely to approve you
rather than applying broadly and accumulating credit enquiries along the way
Comparing total cost, not just the headline rate
since fees can vary significantly between unsecured lenders
Understanding your personal guarantee
so you know exactly what you’re agreeing to before you sign
Moving quickly when speed matters
without sacrificing a proper comparison of your options
Testimonials
Amazing Reviews From Our Clients
Jake Wilson
Went through Lodestar Finance for my home loan and it was honestly a really good experience. No pressure, no confusion. They just explained things properly and got it done. Would use them again.
Lauren McKay
I was expecting the whole loan process to be a headache, but it wasn’t. Lovepreet handled most of it and kept checking in so I knew where things were at. Made life a lot easier.
Tom Reynolds
Everything was pretty straightforward and communication was solid the whole way through. Saved me money too, so no complaints.
Gurpreet Singh
As a first home buyer I had no idea what I was doing. The team at Lodestar were patient and answered all my questions without making me feel silly. Really appreciate that.
Chloe Bennett
Really easy to deal with and super responsive. If I had a question, they got back to me quickly. Didn’t feel stressed at any point, which says a lot.
Rohan Patel
The process was smooth from start to finish. Nothing dragged on and everything was explained clearly. Overall just a solid, reliable experience.
Unsecured Business Loan Types You Can Choose From
Short Term Unsecured Loan
Smaller amounts over terms typically under 12 months, suited to bridging a specific, short lived cash flow need.
Unsecured Term Loan
A lump sum repaid over a fixed term, typically 1 to 5 years, functioning similarly to a secured term loan without the asset requirement.
Business Line of Credit
A revolving unsecured facility where you draw down and repay funds as needed, paying interest only on the amount drawn.
Merchant Cash Advance
Repayments are taken as a percentage of daily card sales rather than a fixed instalment, suiting businesses with strong but variable card turnover.
Low Doc Unsecured Loan
Assessed primarily on bank statement data rather than full financial statements, suiting businesses that cannot readily provide detailed financials.
Invoice Finance
Technically distinct from a standard unsecured loan, this advances funds against unpaid invoices rather than trading history, useful for businesses with long payment cycles.
FAQs
Frequently Asked Questions
Almost always. The lender typically asks a director or owner to personally guarantee the debt, which is what allows the loan to proceed without a specific asset as security.
It is different rather than strictly harder. Trading history and cash flow carry more weight since there is no asset behind the loan, so a business with limited trading history may find secured lending against personal assets more accessible.
Some products described as unsecured still allow a lender to register an interest over specific business assets. The Personal Property Securities Register lets you check whether an interest has been registered.
Most unsecured facilities top out somewhere between $250,000 and $500,000, with larger amounts generally requiring security. ASIC's Moneysmart has independent guidance on comparing unsecured credit products.
Many lenders assess and settle simple applications within 24 to 72 hours, though this depends on the completeness of your application and the lender chosen.
Ready to Compare Unsecured Business Loan Options Australia Wide?
It’s free, it’s obligation free, and it usually takes less than 20 minutes to get started.