Business Finance can be simple
SearchCompare will help you find the right solution quickly, so you can get back to business.
ContinueFunding options up to $500K
Fast decision and funding possible in 24 hours
No asset security required upfront to access Prospa funding up to $150K
Instant decision
You will know your search result instantly and be contacted in less than 15 minutes
Up to $5 Million
Loans offered up to $5,000,000 to the right businesses. Average loan amounts of $50,000
Competitive Rates
Over 30+ lenders with a variety of product offers/financial solutions
How SearchCompare Works
01
Tell us about you
Provide some details about your business and business needs.
02
We'll start our search
We'll process your details and assess your eligibility/and find the best deal for your business.
03
Get funded
Speak with a member of our team or partners to complete to loan and get funded.
Am I eligible?
You will have a good chance of finding a loan if your business meets the following criteria:
- Trading over 6 months.
- $10,000 monthly turnover
How SearchCompare works
Great site! The application process was super simple and straightforward for me, would definitely recommend!”
Ben F, SearchCompare customer
“Had to find a lender quickly after I busted my tyre. SearchCompare made it easy to compare lenders and the application was so easy. Highly recommend!”
Kellie A, SearchCompare customer
“Love the SearchCompare site, so easy to compare loans from different lenders. I found the perfect loan option for me in minutes.”
Ellen L, SearchCompare customer
Online search with a personal touch.
Submit your application today and receive a call from our dedicated support team to find you the best loan option.
Start comparing now!Figures shown in this diagram are solely for illustrative purposes.
Common Loan Types
Unsecured Business Loans
Borrowing is provided without an asset being used a collateral. Lenders will assess business cashflow, trading history and creditworthiness before making a loan offer.
Secured Business Loans
An asset is used as collateral for the loan. These assets are seized if the loan isn't repaid. Common asset types in vehicles, equipment, residential and commercal property.
Equipment Loans
Used to purchase items like vehicles, equipment and machinery for business purposes. Often called "asset finance".
What a business loan can be used for:
Your business loan questions, answered
What are the different types of business loan products?
There are a range of business loan products which are available in the market. At iSelect, we’ve partnered with Valiant to make the process of finding a suitable business loan easier for your business. Below are some of the products which Valiant compare from their range of providers:
- Secured Business loans
- Unsecured Business loans
- Equipment financing and chattel mortgages
- Debtor financing
- Business Overdraft
- Line of Credit
- Merchant Cash Advance
- Commercial Property Loans
Wondering which product is suitable for your business? That can depend on a range of factors, including whether you’re looking for a working capital loan, or to finance the purchase of an asset. Whatever your requirements, the team at Valiant can help find a loan product that suits you.
What is a working capital loan?
Nope! You can use SearchCompare’s comparison search for free - we won’t charge you a single cent. If you do choose to apply with one of the lenders we list, just bear in mind that there may be associated costs with your application. So, make sure to check with them before applying!
What is an asset finance loan?
Secured loans require you to attach some form of asset, such as a vehicle, to your loan agreement as collateral. Basically, this means that if you default on your loan, the lender can seize your asset as payment for the debt. Alternatively, unsecured loans do not require any form of security to be attached to the loan agreement.
How do I apply for a business loan?
A personal loan is a form of finance that enables you to borrow money for personal uses, like travel costs, medical bills, and debt consolidation. Depending on how much you borrow, a personal loan can be secured or unsecured.
Can I get a business loan for a startup or new business?
There are hundreds of lenders out there offering personal loan deals. By comparing your options with SearchCompare, you can ensure you choose the lender best suited to your lending needs and save yourself the hassle of multiple applications.
Is there a “best” business loan?
The cost of a personal loan varies from lender to lender based on their interest rates. In addition to interest payments, you will also need to consider any upfront or ongoing fees the lender may charge in the overall cost of your loan. SearchCompare can help you compare interest rates, loan terms and loan amounts easily, but you will need to check with individual lenders for additional fees that may apply.
Is there a “cheapest” business loan?
At the end of the day, it all comes down to what it is you’re looking for! Some things you can consider when you’re weighing up your options include:
- Variable vs. fixed interest rate
- Your desired loan term
- How much you can afford in repayments
- Any early repayment or exit fees that may apply
- Whether you need a redraw facility
How do I get a business loan fast?
A car loan enables you to borrow money for the purchase of a new or used vehicle, such as a car, motorbike, or truck. It may also be referred to as a vehicle loan. As another form of a personal loan, it can be either secured or unsecured.
What factors should I consider when comparing business loan rates?
Different lenders have different processes but, generally, there are four steps involved in getting a car loan with a lender:
- The lender approves you for a certain loan amount to buy a vehicle
- You sign a purchase agreement with the vehicle vendor
- The lender pays the vendor in your place
- You repay the loan to your lender, usually over a few years, as per your loan agreement
Can I refinance my business loan?
When working out which car loan is best suited to your needs, you may want to look at:
- Interest rates
- Loan fees (e.g. application costs, early exit fees, and redraw facilities)
- Loan terms
- Security requirements (secured vs unsecured)
- Lender reputations