$100,000 Business Loans

Compare business loans of up to $100,000 or more right here with Savvy.

Last updated on June 17th, 2022 at 03:55 pm by Thomas Perrotta

Compare $100,000 business loans

As a business owner, it’s important to know what your options are when you need a helping hand with your finances. Fortunately, you can find and compare affordable small business loans across Australia from Savvy’s panel of lenders here. Send your $100,000 loan application off and receive your funds today.

site-logos OnDeck Business Loan
  Min. Loan Amount Max. Loan Amount Loan Term Establishment Fee Annual Fee  
site-logos $10,000 $250,000 6 to 24
Months
3% $0
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Lightning business loans up to $150K can be funded in as fast as 2 hours - simply provide 6 months of recent bank statements.

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site-logos Lumi Unsecured Business Loan
  Min. Loan Amount Max. Loan Amount Loan Term Establishment Fee Annual Fee  
site-logos $5,000 $500,000 3 to 36
Months
2.5% $0
Go to site

Boost your business with fast hassle-free funding from Lumi. Apply online in five minutes without harming your credit score and get funds in as quickly as 24 hours. For a limited time: Business Loans with No Repayments for the first 6 weeks. T&C apply.

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site-logos Lumi Lux Rate Reducing Business Loan
  Min. Loan Amount Max. Loan Amount Loan Term Establishment Fee Annual Fee  
site-logos $200,000 $500,000 12 to 48
Months
3.50% $0
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Lumi Lux™ is an innovative rate-reducing business loan that rewards customers with good repayment histories and no contractual breaches throughout their loan term by dropping interest rates by 25 basis points (0.25%) every six months

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site-logos Valiant Finance Business Loan Broker
  Min. Loan Amount Max. Loan Amount Loan Term Establishment Fee Annual Fee  
site-logos $5,000 $1,000,000 3 to 60
Months
$0 $0
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Valiant is Australia’s leading business loan broker with a network of over 80+ lenders. Apply for a business loan between $5,000 and $1 million and get approved in as little as 24 hours.

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site-logos ebroker Unsecured & Secured Business Loans
  Min. Loan Amount Max. Loan Amount Loan Term Establishment Fee Annual Fee  
site-logos $5,000 $3,000,000 6 to 360
Months
$0 $0
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Compare, find and match fast to over 80 bank and non-bank lenders accessing much needed working capital from a unsecured business loan.

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Disclaimer: Savvy is not advising or recommending any particular product to you. We provide general information on products for the purposes of comparison, but your personal situation or goals are not considered here. Although we try to make our comparisons as thorough as possible, we do not have information on all products on the market on our site.

You should always consult a given offer's PDS or further documentation in the process of deciding on which loan to choose, as well as seeking independent, professional advice. If you decide to apply with one of the lenders listed above via our website, you will not be dealing with Savvy; any applications or enquiries will be conducted directly with the lender offering that product.

The features and benefits of $100,000 business loans

Receive your funds in 24 hours

From the point you submit your online business loan application, your lender can process, approve and advance the required money to you in the space of just 24 hours.

Set your repayment schedule

Your business can repay the loan at a frequency and over a term which suits your needs, with short or long repayment periods available from three months up to as many as five years.

Compare interest and fees

By looking at different business loan interest rates and fees, you’ll be able to find the most affordable deals available, as lenders offer highly competitive loans to help win you as a customer.

Unsecured business loans

Small businesses without eligible assets, or business owners who don’t want to put up personal assets, won’t have to thanks to our lenders’ unsecured business loan offers.

Use it how you like

Whether you need the money to renovate or refit your premises, help with expansion to another location or simply boost your cashflow, loans can be used for any number of business purposes.

Different finance types

Whether you’re looking for a standard business loan or prefer to take out a business line of credit for added flexibility, you can compare offers right here to help with your decision.

Why Savvy is a great place to compare $100,000 business loans in Australia

Top tips for maximising your business loan borrowing power

Have a good business credit score

Your business’ credit score is one of the key areas which your lender will assess when processing your application. This provides an indication of how reliable your business has been in the past at covering its debts, whether that be paying bills on time or repaying other previous loans. Lowering the limits on credit cards and paying off your bills (or continuing to pay them on time) will help increase your score.

Show positive, consistent cashflow

Of course, the more money you generate, the larger the loan you can be approved for. This is because you’ll boast a greater monthly revenue with which to support your loan repayments. Lenders will factor your monthly expenses into this, as they won’t allow you to take too much on each month, but providing solid proof of consistency will also instil confidence in your lender that you’ll be able to service the loan across your term.

Hold an extensive trading history

Part of lenders assessing your business’ creditworthiness is also looking at your track record throughout your time trading. Longer-standing businesses with a proven history of consistently comfortable revenue will almost always be seen as a safer bet for a business loan than a six-month-old company. With more runs on the board as a business, you can maximise your borrowing power thanks to your positive record.

Set a manageable repayment schedule

Finally, the term over which you repay your loan can factor heavily into your lender’s assessment of your application. They’re most concerned with what’s comfortable for you to take on and repay regularly. By tailoring your loan term to maximise its affordability to your business, you may be able to borrow more than you would if you were only applying for a short-term loan. Always ensure your loan is comfortable for you.

Frequently asked business loan questions

How do I work out the amount I should apply for?

With an eye to your business’ available cashflow, it’s important to map out each of the areas in which you need financial assistance from a loan before commencing your application. This means you should carefully consider the aspects of your business which require further investment from a finance deal and determine how much money should be distributed throughout these areas. Doing this will help you enter the application with a clear mind and minimise the risk of borrowing more than you need and ultimately costing your business more overall.

Can I borrow to buy a small business?

Yes – business loans can be used to purchase a pre-existing business or franchise. There are several key benefits to buying a business, such as an existing cashflow, staff already working with set internal processes and the intangible value of its brand already being somewhat established. However, you may find that because it’s already established, it’ll cost more to purchase, so $100,000 may not be enough in many cases. Additionally, lenders will require further documentation, with financials for both your current and new business from the last two years and details on your assets, liabilities and any transferrable skills. For instance, caravan park finance is more likely to be approved if you have a history of working in caravan parks.

Are there fees for early loan repayments?

Not always – many of our lending partners won’t penalise borrowers for submitting instalments above the minimum required amount. It’s highly recommended that you look for a loan deal which offers free additional payments, as having this added flexibility can help you save a significant amount of money throughout your loan and allow you to get it off your books sooner if your business suddenly enjoys a burst of available funds.

Are business loans available to all types of businesses?

Not all businesses – while lenders will typically be more than happy to grant funds for your business, particularly if you’re a medical professional or working in an industry with high earning potential. However, some lenders will have a list of industries for which they won’t provide funding, such as foreign currency exchange, not-for-profit, stockbroker and pawnbroker businesses. Check with your lender before you apply to find out whether your business is on their excluded industry list.

How long does my business need to have been trading to qualify for financing?

Most lenders will implement a minimum of six months’ worth of trading before they’ll consider your application, but others may raise this to 12 months. However, there are some lenders who may consider startup businesses trading for fewer than six months in certain circumstances, such as if they’re owned by an experienced business operator.

Should I contribute a deposit for my loan?

You can – deposits aren’t a necessary part of business loans, with 100% financing and beyond available for whatever you need (provided it’s business-related). However, you may find there are benefits to doing so which makes paying a lump sum of your own money towards your expenses a sensible decision. Taking out a deposit of less than 100% of the funds you need and supplementing it with your business’ cash can reduce the payable interest on your loan considerably, as well as make it easier for you to pay it off sooner.