Unsecured business loan · Tradies
Unsecured business loan for tradies
Tradies and contractors need finance that lands before the job and is repaid as progress claims and invoices clear. Utes, tools and cash-flow gaps between jobs are the usual triggers.
How a unsecured business loan works for tradies
Tradies often use an unsecured loan to bridge the gap between paying for materials and a progress claim clearing. Weekly repayments matched to invoice cycles work better than a large monthly debit.
The cash-flow pattern we plan around
A builder or subcontractor may wait 30–60 days for a progress claim while paying materials and wages weekly.
What tradies typically fund
- Ute or van
- Tools and equipment
- Cash flow between progress claims
- ATO and super catch-ups
Unsecured business loan for tradies: 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 tradies usually need | ABN and licence · 6 months of bank statements · Supplier quote for any asset |
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 finance for tradies
Business finance for tradies covers vehicle and equipment loans plus short-term working-capital products sized to irregular, invoice-driven income.
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 tradies
Are low-doc options available?
Yes, some lenders offer low-doc pathways. Low-doc does not mean no documents or automatic approval. The information required depends on your business, the amount and the lender. Your broker will explain what is needed.
What documents will you need?
We start with a conversation about your business. To assess your options, lenders commonly need identification and recent business bank statements. Depending on the loan, they may also request BAS, financials or statements for existing debts. Your broker gives you a clear list for your situation.