Skip to content

Melbourne business owner? Get a business loan in under 24 hours.

Excellent Trustpilot logo 1,748 reviews on

To get started, all you need is

  • An active ABN or ACN
  • 6+ months in business
  • $10,000+ in monthly sales
  • GST registration

Get started Learn more
Yeah Nah 2017 Sumit Melbourne Victoria moula.com.au
women at laptop engaging in asynchronous communication

SMEs at the forefront of our growing economy

Small businesses play an important role in the Australian economy, with over 700,000 small businesses operating in Victoria1.

The number of small businesses entering the total business count is growing by the day, whether they be start-ups, solo entrepreneurs, family-run operations, or medium-sized enterprises. Unsecured business loans can help these companies grow.

Business loans Melbourne

Funding for SMEs

Over 95 percent of Australian companies are small businesses, accounting for 33 percent of the country’s GDP, employing over 40 percent of the workforce, and paying around 12 percent of total company tax revenue2.

While some SMEs are at the cutting edge of technology and design, only 30 per cent of small businesses engage in innovation and business improvement initiatives3.

Unfortunately, lack of access to capital is the most common barrier to growth, innovation and R&D4.

Why you need to invest 
in your business

Investment in new goods, services, processes, and methods is critical to running a thriving, profitable, and scalable business. Every business must be at the forefront of its industry to avoid being undercut and overrun by stifling competition and market conditions.

Small- to medium-sized businesses heavily rely on bank financing for day-to-day operations, and many are vulnerable to credit issues due to fewer assets, loan collateral, and a lack of alternative financing sources.

Cash flow can be the difference between a business sinking or sailing. Small business loan applicants now face a 74% rejection rate at banks and traditional lenders. They’ll also take 6 to 8 weeks to assess a loan application. Instead of waiting for banks, you can apply for Moula business finance and have funds in your account tomorrow.

The better Melbourne business loan

With many financing and funding companies fighting for your business, it can be easy to feel confused and overwhelmed. With Moula, what you see is what you get. Our pricing is simple and friendly, with no direct debit fees. We believe in transparency, so there are no hidden fees and no hassle.

Moula has a TrustScore of 4.8 out of 5 based on 1,748 reviews from real business owners on Trustpilot. Don’t just take our word for it, though, read reviews from our customers.

Access Melbourne business loans in under 24 hours.

Moula has helped thousands of businesses grow by providing business loans in Melbourne for every industry. From restaurants to retailers, professional services to tradies, Moula helps you access funding to grow your business.

Apply online in under ten minutes. We commit to giving you an answer within 24 hours, and you can have the funds in your account the next day. We make applying for a business loan easy.

Eligibility criteria

  • An active ABN or ACN
  • At least 12 months in business
  • Minimum of $10,000 in monthly sales

Start a new application

Mobile or landline incl. area code

By getting started you are agreeing to our Terms & Conditions

Something went wrong

Please call our customer support team on 1300 88 09 72 to help resolve this issue.

Melbourne Business Loan FAQs

Moula analyses your business’ data providing relevant and appropriate funding to help you grow. Funding is generally between $10,000 and $250,000.

If you need more than $250,000, contact us at info@moula.com.au or on 1300 88 09 72.

To be eligible for a loan, you will need to have:

  • An ABN or ACN
  • Been in business for at least 6 months
  • At least $10,000 in monthly sales
  • GST registration

Just a 2% loan origination fee for direct customers. We’ll deposit the loan into your nominated business bank account without any hidden fees or costs. Read our Fee Statement here.

Still have questions?

Our friendly team is available on 1300 88 09 72 weekdays 9am – 5pm AEDT

Available to help

Securing the Right Business Loan in Melbourne: A Comprehensive Guide for Small Business Growth

In Melbourne’s dynamic economy, securing the right business loan can propel your small business into new realms of growth and opportunity. This guide dives deep into the nuances of selecting the best business loan for your needs in Melbourne, covering unsecured and secured options and everything in between.

Read on to understand how the right finance can help your business thrive and why this article is an essential read for every Melbourne business owner.

What Is a Business Loan, and Why Do Melbourne Businesses 
Need One?

A business loan provides capital to start, manage, or expand a business. In Melbourne, where small businesses form the backbone of the economy, these loans are crucial for maintaining a competitive edge and capitalising on market opportunities. Whether it’s for upgrading equipment or boosting working capital, a business loan can be the catalyst that transforms your business aspirations into reality.

Exploring Your Business Loan Options in Melbourne

Melbourne offers a diverse range of business loan options, each tailored to different business needs. From traditional bank loans and government-backed schemes to private lending solutions, understanding what’s available is the first step in making an informed decision. Discussing each option’s terms, interest rates, and eligibility criteria will help pinpoint the best fit for your business.

The Benefits of Unsecured Business Loans

Unsecured business loans are a viable option for businesses that lack collateral but have a strong financial record. These loans offer quicker application processes and less stringent approval criteria, making them ideal for swift capital access. However, they often come with higher interest rates, which we will analyse in terms of overall cost versus benefits for your business.

How to Assess Your Business's Repayment Capacity

Determining your business’s capacity to repay involves examining cash flow, debt ratios, and future financial projections. Understanding these elements not only positions you better for loan approval but also ensures that you opt for a loan you can afford, avoiding financial strain on your business.

Understanding the Impact of Business Loans on Cash Flow

A loan can significantly impact your business’s cash flow. We will discuss managing this impact through smart financial planning and loan structuring. It’s crucial to balance loan repayment with your business’s operational needs to maintain healthy cash flow.

Why Choose a Melbourne Business Loan Broker?

A broker can simplify the complex landscape of business loans in Melbourne. They offer expertise in finding the best rates, negotiating loan terms, and tailoring financial solutions that meet specific business needs. We’ll explore the advantages of using a broker, including their role in handling paperwork and facilitating negotiations.

The Role of Business Plans in Securing Loans

A well-crafted business plan is your best ally in securing a loan. It demonstrates to lenders your business’s viability, market understanding, and growth projections. This section will guide you on what to include in your business plan to make a compelling case to potential lenders.

Loan Terms: Secured vs. Unsecured Options

Choosing between secured and unsecured loans is a pivotal decision. Secured loans typically have lower interest rates but require collateral, which can be risky if the business fails. Unsecured loans, while higher in interest, do not risk your assets. We will delve into scenarios where each type might be the best option.

Navigating the Loan Application Process in Melbourne

The application process can be daunting, but understanding each step can ease the stress. From initial inquiries to final approval, we will provide insights into what lenders look for, how to prepare your application and tips for speeding up the process.

Strategies to Utilise Business Loans for Maximum Growth

Finally, obtaining a loan is just the beginning. Effectively using this capital to achieve business growth is key. We’ll discuss strategic investments, such as expanding market reach or enhancing product offerings, which can drive substantial returns from your loan investment.

Key Takeaways:
Understand the types of business loans available in Melbourne and choose one that aligns with your needs.
Assess your business’s financial health and repayment capacity before applying.
Consider both secured and unsecured loan options based on your risk tolerance and financial standing.
Leverage professional advice from loan brokers to navigate the lending landscape.
Use your loan strategically to fund growth initiatives that offer high returns.
References

  1. ASBFEO – Victoria: Small Business Pulse – February 2025 (link)
  2. ASBFEO – Small Business in the Australian Economy. Australian Small Business and Family Enterprise Ombudsman (link)
  3. ABS Business innovation slows as economic pressures rise (link)
  4. ABS Business innovation slows as economic pressures rise (link)

Get a repayment schedule

Close form panel

We’ll send the results to your inbox right now.

Email sent

Check your inbox for your repayment schedule PDF. If you have any questions, you can give us a call on 1300 88 09 72 or start a live chat from 9am to 5pm AEST.

Something went wrong

Your repayment schedule email was not sent. Please call us on 1300 88 09 72 for assistance.