Fast business loans in Australia
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Refer Labs is an independent Australian comparison publisher. We compare services on public pricing, eligibility, inclusions, trade-offs, availability in Australia and suitability. Commercial relationships may exist and are disclosed, but rankings are not paid placements.
When cash flow can't wait, some Australian online lenders approve and fund a business loan within 24 hours, and occasionally the same day. Speed comes from unsecured lending and automated assessment of your bank-transaction data, rather than manual review of documents. The fastest outcomes go to businesses that are ready: clean bank data, a clear purpose, and no surprises on the credit file.
What actually makes funding fast
Fast finance is fast because the lender reads your business bank data directly and decides from cash-flow patterns, not a folder of paperwork. Anything that forces a human to pause, missing information, an unexplained default, a mismatch on the ABN, adds days.
- Unsecured products skip property valuation
- Digital bank-data feeds replace weeks of statement gathering
- A single, clear purpose speeds the assessment
- Being contactable on the day matters more than people expect
How to be ready before you apply
A little preparation turns a two-day approval into a same-day one.
- Know the amount and what it's for
- Make sure your business bank account reflects real, recent trading
- Have your ABN and business details to hand
- Be reachable by phone the day you enquire
The lenders we compare
| Lender | Advertised rate from | Loan size | Typical speed | Products | Industry code |
|---|---|---|---|---|---|
 Lumi | Quote-based | $5,000 – $1,000,000 | Same business day | Term loan, Line of credit or overdraft | AFIA Code signatory |
 Moula | From 15.99% p.a. | $10,000 – $500,000 | Next business day | Term loan | AFIA Code signatory |
 Prospa | Quote-based | $5,000 – $500,000 | Funds within an hour of signing | Term loan, Line of credit or overdraft | AFIA Code signatory |
| Moneytech | From 13.95% p.a. | $25,000 – $1,000,000 | Not published | Term loan, Line of credit or overdraft, Invoice finance, Trade finance, Equipment finance | Not listed |
 Shift | From 14.95% p.a. | $10,000 – $2,000,000 | Approval within hours for limits under $500,000 | Line of credit or overdraft, Term loan, Equipment finance, Trade finance | AFIA Code signatory |
Terms as at July 2026, from each lender's own site. “Quote-based” means the lender prices each loan individually (Lumi quotes a total repayment; Prospa uses simple interest) rather than publishing a headline rate. Figures are indicative, not a quote; your rate depends on the lender's assessment. Verify current terms with the lender.
If your loan settles, Refer Labs may be paid a share of the broker's commission, or a commission from the lender. This never changes what you pay, and we are not paid to rank one lender above another. How we make money.
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Common questions
- How fast can I actually get the money?
- Across the lenders we compare, advertised turnarounds range from same-day to within 24 to 48 hours once approved. Real timing depends on how quickly the lender can verify your details and whether anything needs clarifying.
- Does fast mean expensive?
- Often, yes. Speed and unsecured lending both push the rate up. If your need isn't urgent, a slower secured option may cost less. Compare the total dollar cost, not just the speed.
- What slows an application down?
- Incomplete details, an unexplained default, ATO debt without a payment plan, or being uncontactable. Clearing those up front is the single biggest thing you control.