Funding without putting up property
Unsecured Business Term Loan
A lump sum based on how your business actually trades, repaid over a fixed term. No property, no lengthy valuation: the decision rests on your turnover and trading history.
- Amount
- $5,000 - $500,000
- Term
- 3 - 36 months
- Security
- No property security required
- Funding
- As little as 24 hours
How it works
What is an unsecured business term loan?
An unsecured term loan gives you a fixed amount up front and a fixed repayment schedule, usually weekly or fortnightly, over a term you agree at the start. Because there's no property securing it, lenders look at recent bank statements and turnover rather than a valuation, which is why the process moves in days rather than weeks.
Most lenders will take a director's guarantee and a general security agreement over the business, but your home stays out of it. For amounts under about $150,000 a decision often comes from bank statements alone.
Who is it for?
- Businesses trading at least six months with consistent revenue
- Owners who don't want to put a family home on the line
- Anyone who needs a decision this week rather than next month
- Businesses whose assets are already committed elsewhere
Common uses
- Covering a cash-flow gap between invoicing and payment
- Buying stock ahead of a busy season
- Funding a marketing push or a new hire
- Paying down an ATO debt or clearing supplier arrears
- Fit-out or refurbishment costs
Questions
Common questions answered
Last reviewed . Amounts, terms and security are indicative; the lender sets them on assessment.
Guides
Worth reading first
Can you get a business loan with ATO debt?
Often, yes. What decides it is whether the debt is under a payment plan, whether your lodgements are up to date, and how the debt compares with what the business turns over.
Low-doc business loans: what lenders actually ask for
Low-doc means proving income with something other than full financial statements and tax returns. For smaller amounts that is often just bank statements; for property-secured loans it usually means BAS and an accountant's letter.
Other options
Explore the rest of our funding
Secured term loan
Lower cost, longer terms, larger amounts
$50,000 - $1M+Line of credit
Funds on standby, interest only on what you use
$10,000 - $500,000Equipment & asset finance
The asset secures itself
$10,000 - $1M+Invoice finance
Get paid now, not in 60 days
Up to 85% of invoice valueBusiness car loan
Vehicles financed on business terms
$10,000 - $250,000Trade finance
Fund the gap between paying suppliers and getting paid
$50,000 - $1M+Development & construction
Funding drawn down as the build progresses
$500,000 - $20M+