Business Loans & Financing in Sydney

As well as being the most populous city in Australia, Sydney is also the country’s biggest economic driver. These conditions allow business to thrive and as such, there is no shortage of options for business finance in Sydney. SMEs can easily access short term business loans in Sydney from the likes of Australia’s largest online business lender, Prospa, which holds its head office out of the city, or they could apply through a number of business finance brokers in Sydney. Whether it’s unsecured or caveat loans in Sydney your business is looking for, there is a huge variety of commercial loans in Sydney available.

Best Business Loans in Sydney

#1 Lender in Australia Best Rated for Sydney Business Financing

Est. 2011

Loans size & Terms

$5,000 to $300,000

Secured and Unsecured Loans

Prospa Business Loans Review
Pros
  • Funding: $5,000 to $300,000
  • Recepient of multiple industry awards
  • Funding granted within 48h
  • 4.9 / 5 rating on TrustPilot
  • 20,000+ Australian Businesses Funded to date
  • ASX Traded Company
  • Clear T&C and repayments
  • Excellent website and onboarding
Cons
  • Had low approval rate between May-Aug 2020 due to COVID

#2 The Industry Veteran

Est. 2002

Loans size & Terms

$5,000 to $300,000

Unsecured Loans

Capify Business Funding Review
Pros
  • Fewest documents required for sign up
  • Industry veteran for 17 years
  • the FIRST Australian online business lender
  • 99% positive client reviews
  • Multiple banking awards
  • More than $500,000,000 in funding since inception
  • Global brand
Cons
  • Min monthly turnover $10,000
  • Smaller scale than Prospa
  • 3% origination fee

#3 Diverse Solutions for Established Businesses

Est. 2013

Loans size & Terms

$5,000 to $500,000

Secured and Unsecured Loans

GetCapital Review
Pros
  • Most bespoke financing solution
  • Cash Advance available
  • Line of Credit available
  • Business Overdraft available(with illion Data Solutions)
  • Equipment Financing available
  • Deloitte's 2018 Tech Award
  • No early repayment fees
  • No drawdown fees
  • Low annual fee
Cons
  • Min 9 months in business
  • Min $100,000 annual turnover

You’ll find that a number of Australia’s most established online business lenders are based out of Sydney. Prospa, which has received over 6,000 client reviews and a review score of 4.9 / 5, has provided short term business loans in Sydney since it launched its first office in Sydney a decade ago. The global lender Capify holds an Australian office in Parramatta and offers business finance throughout Sydney, including; Smithfield, Camden, Brookvale, Parramatta, Windsor, Camden, Sydney CBD and Liverpool. Whilst GetCapital, which has the widest variety of options for business finance in Sydney, is based out of Walker Street in North Sydney.

It’s not essential for an online lender offering business loans in Sydney to be based out of Sydney – after all the whole process from applying for and disbursing of the business loan is done online – but for those who would prefer a more personal touch, there are plenty of options available from local providers of short term business loans in Sydney. After such a heavy period of disruption and change to business processes, SMEs might see the value in being able to meet with a lending expert face-to-face in order to discuss their individual requirements for business finance Sydney.

Unsecured Business Loans Sydney vs Caveat Loans Sydney 

Unsecured Business Loans Sydney 

Unsecured business loans in Sydney (loans that require no business asset to be used as collateral in the lending process) are available to SMEs from pretty much any industry and the loan proceeds can be used for virtually all business expenses. Unsecured business loans in Sydney are generally available up to the value of $100,000 although this varies from lender-to-lender. Capify issues some of the highest value unsecured business loans (up to $300,000) but a personal guarantee from a business director is required and they are personally liable to repay the loan if your business fails. Each business lender will set out its own lending terms so it’s worth checking these before you apply. See our full selection of lender reviews for the best unsecured business loans and their individual lending terms.

Secured Loans / Caveat Loans Sydney

Business finance over $100,000 will generally require an asset to be used to secure the loan. This could be equipment that you’re looking to buy, a business vehicle, or in the case of a caveat loan, a property that you own. You’ll find that the very same online lenders that provide unsecured business loans in Sydney provide secured business loans too. GetCapital offers a mix of both unsecured and secured business finance options in Sydney including a line of credit, term loans and asset finance (vehicle, fitout and equipment).

Caveat loans, which are short-term business loans secured against a property that you own, can be a good option if your business struggles to attain unsecured financing. Secured business loans are easier for approval.

Businesses are usually eligible for caveat loans up to 70-90% of the value of the property which is acting as security though some lenders will issue caveat loans in Sydney up to 100% of the value of the property. Max Funding offers caveat loans in Sydney from 1.50% per month and businesses can borrow up to 100% of the property value.

Commercial Property Loans Sydney

Commercial property loans in Sydney will provide your business the finance it needs to purchase a business property. Just like residential mortgages, you can opt for either a fixed or variable rate commercial property loan in Sydney.

Funds can be used to to finance the purchase of a wide range of commercial properties, including:

  • Restaurants and pubs
  • Retail outlets
  • Warehouses
  • Offices
  • Shopping centres
  • Factories
  • Hotels/Resorts

More about commercial construction loans here.

Business Finance Brokers Sydney

Business finance brokers have been an ever present in the Sydney commercial loans space, many of them operating long before the rise of Fintechs and online business lenders.

Business finance brokers in Sydney act as a go-between for businesses who are seeking to raise finance and commercial lenders. They arrange the business loan from start to finish and usually charge a fee from the borrower, and in some cases, are also paid a commission by the lender.

Business Finance Brokers in Sydney include:

  • GCC (Global Commercial Capital) – With a panel of over 450 lenders, GCC has originated over $10 billion in commercial loans for its clients. GCC is based in the central business district of Sydney.
  • Centrepoint Finance – A financial group established in 1982, Centrepoint helps thousands of businesses raise capital every year. As a business loans broker in Sydney it has a dedicated Sydney-based team operating from its local office.
  • JEM Finance – Launched by a director with over 20 years of experience in the finance industry, namely credit risk, the JEM finance group specialises in hospitality finance. 

A Unique & Free Alternative to Business Finance Brokers in Sydney

In the past there were a lot of benefits that only a business finance broker in Sydney could provide. However, recent tech developments have meant you can enjoy many of the same benefits by using the free services of a business loan marketplace. These new fintech’s use algorithms and their own proprietary lending tech platforms to do a lot of the work that an individual acting as a broker would do. By submitting just a few basic details about your business and the type of business finance in Sydney it is you’re looking for, a business loan marketplace should be able to automatically pair you with lenders that offer the highest chances of approval and lending solutions that suit your business needs.

Test your eligibility in under 60 seconds with a business loan marketplace. Lend.com.au will compare short term business loans in Sydney and match you with only the most relevant loan options, based on your financing requirements and business profile. Taking into account the industry and financial health of your business. Not only increasing your chances of approval but ensuring your search for sydney business loans stays short.

Pros
  • Funding: $5,000 to $500,000
  • Smart Matching by LendScore™
  • Instant Responses to Application
  • 97% User Satisfaction
  • Unsecured Business Loans Focused
  • Bank-Level Encryption
Cons
  • Not a lender by itself

Final Say – Small Business Loans in Sydney

Commercial loans in Sydney aren’t just issued by lenders based out of Sydney. There are a whole host of online lenders throughout Australia that offer short term business loans in Sydney and can help Sydney-based businesses grow. With the entire business loan process now done online there is no specific requirement to choose a broker or lender that operates in your local city. That’s not to say there aren’t any business lenders operating out of Sydney though – most of Australia’s major business lenders operate from and issue small business loans in Sydney. 

 

Additional localised guides:

Business Loans & Finance Melbourne

Business Loans & Finance NSW

Business Loans & Finance Queensland / Brisbane