Short Term Business Loans in Australia

Up to $1 million received in 24 hours


Short Term Business Loans - Fact Sheet

Suitable For
Pre-approval Time
Settlement Time
Loan Term
Flexible Repayment
Indicative Loan Amount
Asset Eligibility Criteria
Financial Statement
Dedicated Account Manager
Tax Deductible
Line of Credit
Interest Rate
Save Interest

Short Term Business Loans Explained: What is a Short Term Business Loan?

Start up business loan is very straightforward, it is one of the most popular products we offer here at Max Funding.Over 80% of Australians dream about owning their own business. However, the first challenge for many of these new business owners is the lack of funding. Typically business owners don’t have enough business experience and find it difficult to obtain loans from mainstream banks and lenders in Australia. Here at Max Funding, we understand these struggles new business owners are faced with. We have revised our criteria so that it is much easier for new businesses to get a loan from us. We are new business-friendly, and unlike traditional banks, we don’t require a business plan or a credit check for our pre-approval.

The Pros and Cons of Short Term Business Loans



Funding Requested

We have assisted many Australian businesses with millions in funding.

Businesses Funded
We are dedicated to assisting business owners with their financial needs.
Industries Covered
Max Funding serves all industries operating in Australia.
How do Short Term Business Loans Benefit Small Business?

4 Scenarios Where Short Term Business Loans Can Help

Start-Up Businesses. Brand new businesses often find that they cannot offer the extensive security needed to obtain a long-term loan. Starting a business also comes with high set-up costs that can place a huge burden on the start-up. To alleviate this issue, start-up owners can opt for start-up business loans to relieve the financial burden and obtain the necessary capital needed to get up and running.

Fast-Growing Businesses. Rapid business expansion may occur if you achieve unexpected success. While this is a boon to the business, it also adds pressure to your operations. You may need to hire new people, buy new equipment, and set up more infrastructure to keep pace with the growth. A short-term business loan provides the capital needed to sustain the growth of the business as well as help with the repayments.

Businesses with Cash Flow Issues. Many small businesses rely on timely invoice payments from their clients. Delayed payments from customers could potentially lead to cash flow issues, and this can hinder their ability to pay for their own bills. Moreover, chasing delayed payments could lead to the business facing legal costs. A short-term business loan could help such businesses remain solvent while they manage their cash flow situations back to order. One of Max Funding’s clients used a short-term loan for this very purpose. Poised to buy a new premise, the client experienced cash flow hiccups as the purchase drew to a close. Max Funding helped them to secure a short-term loan of $885,000, so they could complete the settlement.

Businesses in Emergency Situation. Often the source of your money issues may not necessarily stem from business-related issues. Emergency situations may demand immediate access to capital in order to remedy the urgent situation. For example, hardware and maintenance issues could prevent the business from operating. In this case, the business must ensure they have sufficient funds to cover the repair costs, otherwise the business may be left unable to generate further income. A short-term business loan can remedy the immediate problem to ensure the business stays in operation.

Why are Max Funding Short Term Business Loans Better?

At Max Funding, we pride ourselves in being a short-term business financing specialist that caters to all small to medium enterprises in Australia. Here is why we stand out:


Whether you are looking to purchase equipment, expand your business or looking to relieve working capital, a short-term business loan is a wise financing choice. Our loans enable readiness, durability and flexibility. Even if you do not expect something to happen, extra cash flow may be a wise choice. Our loans are fast and easy to get approved. Obtain funding within just 24-48 after verification is completed successfully and the contract is signed. We have helped clients all around Australia, whether you are based in Melbourne, Sydney, Brisbane or Adelaide, we can help.
Grant Short Term Business Loan Today from Max Funding
Max Funding specialises in providing short term business loans to business owners across all over Australia. Typically, banks and other lenders tend to require more time to process your loan application for short term business funding. However, at Max Funding, we pride ourselves in our engagement of being invested into helping our client’s situation. Our friendly team is always ready to help your business reach the next stage. Fill out the application form, and get your business funding today!

How to Apply for a Short Term Business Loans?

You’ll be amazed at how easy it is to apply for a loan through our website. Filling out the pre-approval form places you under no obligation to continue with the loan process. And thanks to our advanced approval algorithms, we’re able to provide you with a pre-approval decision in approximately five minutes.

The Essential Short-Term Business Loan Checklist

As with any loan, poor preparation can lead to you running into issues. Use this checklist to ensure you’re ready to take out a loan and avoid any problems.

1: Know exactly what you’ll use the loan for
It’s not a good idea to apply for a loan when you have no direct purpose. You may feel that it is necessary to have some capital ready for the “just in case” situations that may arise. But instead, you’ll end up repaying the money that you’ve borrowed without ever using it for anything useful.

A short-term business loan may not be the best choice if you have no immediate plans for the cash. Instead, it’s best to outline the exact ways that you’ll use the money. Of course, many lenders will also want to know the purpose of the loan. If you can’t provide one, they’re likely to refuse your application.

There’s an added benefit to doing this. Listing the reasons why you need the money also gives you time to determine the exact cost of each issue you identify. This means you can apply for exactly the amount you need.

2: Ensure you have the means to repay
Generally speaking, you’ll pay more total interest on a short-term loan than a long-term one. This means that the shorter term loan usually comes with higher monthly repayments that is needs to be dealt with.

None of that will be an issue as long as you know you have the means to repay. For example, you might choose to take out a loan to keep the business going because your clients might not have paid their invoices on time. In that situation, you know that future cash will flow into the business and this can be used to handle the repayments.

3: Check your credit rating
You can usually access short-term loans even if you have a poor credit rating. However, a lower rating could lead to more stringent requirements. Plus, you might have to deal with a higher interest rate.

As a result, it’s best to know where your credit rating stands before you apply. This gives you more reasonable expectations in relation to the terms of the loan.

4: Find a suitable lender
Research is the key here. Don’t just simply go with the first lender that you come across. Spend some time comparing different lenders. Aim for lenders that offer flexibility and fast approval. That’s what a Max Funding client found after working with us. An unexpected contract rescission left the client at risk of losing a business opportunity. Max Funding helped them to secure a $100,000 loan in less than 24 hours.

5: Compare loan offers and features
Checking interest rates is the obvious first step. But it’s also worth checking comparison rates if you can find the figures. These rates tend to provide a more realistic view of the rate you end up paying.

Ask the lenders about the specific features that they offer too. Keep in mind that short-term loans come with short repayment windows. Any lenders that offer more flexibility in this area should shoot to the top of your list.

Also, consider the differences between fixed and variable interest rates. A fixed-rate may work well if the current national interest rate is low. But you want to avoid fixing yourself into a high rate. A variable-rate may be the best choice if you feel like the national rate will decrease during your loan period.

Business Loans - Frequently Asked Questions

Does pre-approval affect my credit history? 

Not at all. We can assure you we don’t ever look at your credit history when submitting application for pre-approval. All information that you provide to us is confidential and not shared with anyone or 3rd party.

Can I get a business loan with a bad credit score?

We have been providing bad credit loans to small businesses for 18yrs and believe everyone should get a fair go. Let us know of your situation and discover the solutions we can offer.

Does personal bad credit affect my business loan?

Personal bad credit is not the end. We have catered our loan criteria to consider every application. We work with you to find a solution that works for you.

How can I repair my business credit history?

There are few ways to improve your business credit such as making payments on time, and keeping track of your credit records. We can definitely help with improving your credit score. 

How long does it take to get approved?

You can get pre-approved in just 3 minutes with our smart system and a response within one hour during normal operating hours. You can choose to submit documents to speed up the verification process. Once signed contract is received and settlement condition fulfilled, the funds can be transferred to your account within 24 hours.

Am I qualified for a business loan?

If you are over 18 years, plan to open a business with ABN, chances are you are eligible for a business loan. We just require the funding to be used predominantly for business purposes.

What documents do I need?

Unlike traditional banks and lenders, we have made our application process hassle-free with minimal documents required. All you do is upload a few basic documents such as ID, asset documents (if applicable) and bank statements for verification. With our smart system, this can all be done with just your mobile phone. We’ll reach out if additional documentation is required.

Is it hard to get a business loan?

Not at all. For well established businesses, assets may not be required (unsecured business loan) as we consider the health of your business to determine credit worthiness. For new business loans and start up business loans, we generally require you to own a motor vehicle and/or real estate property and not part of any public debt agreement or bankruptcy.

Can two people get a loan together?

You certainly can and we generally encourage it. Applying with joint applicants can increase your chance of getting a loan and possibly increase your approval amount.

What are your interest rates?

Our interest rates are as low as 1.50% per month. We also don’t have any hidden costs and fees as we believe in transparency. Our loans are designed for small businesses like yours and do try to keep the rate as low as possible.

Can I pay off early?

You certainly can and we welcome it. There is no penalties or charges for early repayments. Instead, if you can pay off your loan earlier, you will save some interest.

Is interest paid on a business loan tax deductible?

Definitely. If the loan is used only for business purposes, all cost associated with a business loan are tax deductible.

Can I get a business loan as a self-employed?

If you are self-employed, our low doc business loan will be the solution for you. You can access funds with less paperwork, less waiting time and more flexible payment options to suit your needs and situations.

Can I get a business loan as a sole trade?

Absolutely! All you need to do is to fill out our 3 mins online application form. Once you get the pre-approval decision, simply provide some basic documents for verification.

What if I don’t have a business yet?

No problem! We offer start up business loans and new business loans solutions. If you can dream it, we can help you to achieve it.

We understand you and your business

With humble beginnings, we understand the struggles that small business owners are forced to endure. Helping Australian businesses grow is what we love to do. We do this through offering tailored solutions to businesses all over Australia.

We are the best alternative to banks.

Banks usually have long and difficult application with strict criteria. We provide an easy application process with pre-approval decision in less than 3 mins. What’s more, if you in a hurry, we are able transfer funds to you within the same-day if signed contract is received before 3pm AEST.

A more personal experience

Every business is different. At Max Funding, we offer different types of business loans tailored for different needs. Simply fill in our pre-approval form or contact us to find out how we can help you today.

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