Unsecured business loan · New businesses under 12 months
Unsecured business loan for new businesses under 12 months
New businesses trading under 12 months have fewer lender options, but equipment finance secured by the asset and small unsecured loans from 6 months of trading are available on our panel.
How a unsecured business loan works for new businesses under 12 months
An unsecured business loan is a lump sum repaid over an agreed term without property or equipment pledged as security. Lenders on our panel assess trading history, turnover and cash flow instead, and a director’s guarantee usually applies. For new businesses under 12 months, the key is matching repayments to how money actually moves: Uneven early revenue while a customer base builds.
What new businesses under 12 months typically fund
- First vehicle or equipment
- Initial stock
- Working capital while invoices ramp up
Unsecured business loan for new businesses under 12 months: the numbers
| Typical amounts | $5,000 – $500,000 |
|---|---|
| Term | 3–36 months |
| Indicative rates | 9.9% – 29.5% p.a. |
| Repayments | Daily, weekly or monthly |
| Speed | 24–72 hours after documents are received |
| Documents new businesses under 12 months usually need | ABN and GST registration · All bank statements since trading started · Evidence of contracts or bookings |
Rates shown are indicative ranges observed across our lender panel for the period stated. They are not an offer or quote. Your rate depends on your business, the lender, the amount, the term and the security offered. The lender makes the final credit decision.
Key terms
Business loans for new businesses
Business loans for new businesses are typically limited to asset-backed equipment finance or small unsecured loans once 6 months of trading and consistent deposits are visible. Startups with no trading history are usually assessed on the director’s personal position.
What is an unsecured business loan?
An unsecured business loan is finance provided to a business without a specific asset held as security. Approval is based on trading history, bank statements and cash flow. Most lenders still require a personal or director’s guarantee.
How is an unsecured business loan repaid?
Repayments are usually daily, weekly or monthly direct debits over 3 to 36 months. Some lenders quote a factor rate (total payable ÷ amount borrowed) rather than an annual interest rate, so always compare the total cost.
Who is eligible for an unsecured business loan in Australia?
Typical minimums are an active ABN, 6 to 12 months of trading and monthly turnover above roughly $10,000, but each lender sets its own criteria. Lyft Money checks fit across the panel before anything is submitted.
Questions from new businesses under 12 months
Am I eligible for an unsecured business loan?
We compare options for Australian businesses. Lenders look at factors such as trading time, turnover, cash flow, credit history and the amount you need. Tell us about your business and we will explain which options may fit. There is no single minimum that applies across every lender on our panel.