Calculate Australian business loan repayments, compare loan types, and estimate the true cost of business borrowing. Includes SME loan types and ATO small business instant write-off.
| Item | Value |
|---|
Small business loans in Australia are available from major banks (ANZ, CBA, NAB, Westpac), non-bank lenders (Prospa, Moula, OnDeck), and the government-backed SME Guarantee Scheme. Interest on business loans is generally tax-deductible.
| Loan type | Rate range |
|---|---|
| Secured term loan (bank) | 7–12% p.a. |
| Unsecured term loan | 12–25% p.a. |
| Chattel mortgage (equipment) | 8–14% p.a. |
| Line of credit | 9–18% p.a. |
| Invoice finance | 1.5–3.5% per invoice per month |