Startup Business Loans up to $1 Million

Fast, simple and no fees

Bad credit? OK! New business? OK! Decision in five minutes An alternative to banks
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Get pre-approved in 5 minutes

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How MaxFunding Loans Work

easy lending

1. Smart Online Application

You can save your time by our 5-minutes paperless online application

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2. Flexibility and Transparency

Terms from 1 to 36 months with flexible repayment options and no hidden fees.

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3. Decision within one work day

Apply now and receive a decision within hours. Funding is possible within 24 hours

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3. No early repayment fees

Make early payments to save interest, there is no extra cost

What is a Startup Loan?

A startup business loan is a type of financing aimed at helping new businesses get off the ground. This kind of loan is specifically designed for startups, which often face unique challenges when seeking funding.
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Startup Loan Purpose

These loans are used for a variety of startup expenses, such as equipment purchase, inventory, staffing, marketing, and sometimes even for covering operational costs in the early stages.
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Types of Loans

There are several types of startup loans, including traditional bank loans, loans from online lenders, microloans from non-profit organizations, and government-backed loans.
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Eligibility and Requirements

Startups might find it more challenging to secure a loan compared to established businesses because of a lack of credit history, assets, or proven revenue streams. Lenders might require a solid business plan, personal credit history, and sometimes collateral.
Interest

Interest Rates and Terms

Interest rates and repayment terms can vary widely depending on the lender, the amount borrowed, and the creditworthiness of the borrower. Some startup loans might have higher interest rates due to the perceived higher risk of lending to new businesses.

Startup Business Loans - Fact Sheet

Suitable For
  • Start-ups
  • Established business owner
  • Commercial property investors
  • Bad credit history
Pre-approval Time 1 to 2 hours
Settlement Time 1 to 3 days
Loan Term 1 month - 36 months (including term extension)
Flexible Repayment We can design a repayment plan that fits your cash flow. This can be a periodical repayment (e.g., monthly), a lump sum payment, or a combination of your choosing. To ease your commitment and allow maximum flexibility, a loan term extension may be available.
Loan Amount $10,000 to $100,000
Asset Eligibility Criteria Real estate property (mortgaged OK)
Financial Statement Optional
Dedicated Account Manager Yes
Tax Deductible Yes
Interest Rate Our interest rate is as low as 1.50% per month. If you find a lower rate, let us know, and we will try to beat it.
Save Interest
  • Pay-off loan early
  • Extra repayments lower the balance

Supporting Australian Start-ups With Financial Solutions

Are you tired of the mundane 9-to-5 grind and dreaming of breaking free to be your own boss, escape the routine, and unlock unlimited earning potential?

Starting your own business is the key to turning those dreams into reality. It's about embracing the thrill of entrepreneurship, where every decision is yours, every success is your triumph, and the sky's the limit for your ambitions and earnings.

However, starting a new business in Australia can be an exciting yet challenging endeavour.

Making Sense Of The Numbers

Recent statistics from the Australian Bureau of Statistics reveal that from 2016 to 2020, approximately 321,000 to 366,000 new businesses emerged each year, while 261,000 to 299,000 businesses closed their doors

This data indicates an average annual entry rate of 15.5% and an average exit rate of 13.2%. 

Impressively, around 48% of new businesses that commenced in 2016 remained operational by 2020. 

However, the journey has its challenges; data from Inside Small Business suggests that an estimated 20% of new small businesses in Australia don't make it past their first year, and up to 60% face challenges that lead to closure within five years. 

These numbers highlight the opportunities and the importance of resilience in the Australian start-up landscape.

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What's The Problem?

CB Insights, a tech insights platform, published a study entitled “The Top 12 Reasons Startups Fail?” 

They looked at 111 failed startups to figure out why they didn't make it. 

Even though there are usually multiple reasons, some problems stand out more than others. 

The main reason most startups failed was that they ran out of money or couldn't get more. 

Around 38% of founders said that money was a big problem.

Starting a business is exciting, but finding funds can be challenging. 

Many new business owners face hurdles when trying to secure funding. 

Let's uncover some of the common reasons why this happens.

Top 12 Reasons Why Startups Fail To Raise Capital To Grow

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No Money History

Imagine a bank like a teacher who wants to see your good grades. 

If your business is new and needs a money history (credit history), it's like being in a new school without a report card.

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Nothing to Show

Banks want a security blanket, like when you promise to return your friend’s toy if you borrow it. 

Startups might need more toys (collateral) to promise to the bank.

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Business Puzzle Not Solved

Imagine your business plan is like a storybook. 

If the story is confusing or incomplete, like a book missing pages, banks won’t understand how your business will make money.

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Too Risky for a Loan

Banks get worried if your business idea seems like a wild adventure. 

They prefer safe rides, not rollercoasters. 

New businesses can be seen as rollercoasters because they're unpredictable.

cash flow

Slow Cashflow

If your business doesn’t have a steady flow of money, it's like a lemonade stand without thirsty customers. Banks want to know if the lemonade will keep selling.
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New Business Owner

If you're new to running a business, it’s like being the captain of a ship for the first time. 

Banks might doubt if you know how to steer in the business sea.

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Crazy Market Weather

Think of the market like the weather. If it's constantly changing (volatile), banks might worry your business could get caught in a storm.

debt

Too Many Debts

Imagine having a mountain of homework already. Banks won't give more homework (loans) if they think you can't handle it.
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Strict Business Rules

Some businesses have strict rules, like schools. Banks might worry about rule-breaking if your business is in such a school (heavily regulated industry).
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Personal Money Problems

Imagine owing your friend a lot of candies. Banks worry if the business owner already owes lots of candies (debts) because they might not get their loan candies back.

How To Solve The Funding Problems Startups Are Facing In Australia?

Finding funding for your startup can be time-consuming, complicated, and competitive, especially in the current economic climate. 

In Australia, the entrepreneurial spirit is vibrant, but navigating the funding landscape requires a strategic approach. 

Here’s your comprehensive action plan to solve funding problems for your startup business:

1. Know Your Numbers

Understanding your financials is crucial. Prepare a detailed business plan outlining your expenses, revenue projections, and cash flow forecasts. Investors are more likely to support a well-thought-out, financially viable venture.

2. Consider Your Funding Options

There are a variety of funding options available to startup businesses in Australia, including:

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Government grants
Several government grants are available to startup businesses in Australia. These grants are typically designed to support startups in specific industries or sectors.
investor
Angel investors
Angel investors are individuals who invest their own money in startup businesses. Angel investors are typically looking to invest in startups with high growth potential.
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Bootstrapping
Bootstrapping is funding your startup using your savings and resources. This can be a viable option for startups with low startup costs or startups still in the early stages of development.
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Venture capitalists
Venture capital firms specialise in investing in startups with high growth potential. Research firms that align with your business sector and pitch your idea to them. Be prepared for rigorous evaluations and due diligence.
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Crowdfunding
Crowdfunding platforms have become popular avenues for startups. Websites like Kickstarter and Indiegogo allow you to present your idea to a global audience, raising funds from individuals who believe in your vision.

3. Network and Pitch Effectively

Attend startup events, networking sessions, and pitch competitions. These platforms offer opportunities to meet potential investors and enhance your pitch skills. A compelling pitch can make a significant difference in attracting funding.

4. Utilise Online Lending Platforms

Online lending platforms like Max Funding offer tailored business loans. Our quick approval processes and flexible terms can provide immediate financial relief for your startup.

5. Leverage Business Incubators and Accelerator

Joining a business incubator or accelerator program can offer funding, mentorship, office space, and networking opportunities. These programs are designed to nurture startups and help them thrive.

6. Demonstrate Traction

Investors are more likely to fund startups that show traction in the market. Focus on acquiring customers, generating revenue, and building a loyal user base. Proving your business concept’s viability can instil confidence in potential investors.

7. Stay Persistent and Resilient

Securing funding for your startup is a challenging journey that demands persistence. Rejections are part of the process; learn from them, refine your pitch, and keep pushing forward.

What Are The Benefits Of Getting Startup Funding From Max Funding?

Have you ever wondered how to kick-start your dream business? Look no further than Max Funding! Starting a business can feel like climbing a mountain, but with our start-up business loans, we turn your dreams into achievable goals.
property

No Collateral, No Worries

The best part? You don't need to risk your prized possessions as collateral.
approval

Lightning-Fast Approval

Borrowers usually get approved within minutes, and you can too!
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Funds in 24 Hours

Once approved, within 24 hours, the funds land in your account. It
Interest

Low Interest Rates

Our interest rates are super friendly, starting as low as 1.50% per month

It's like finding the best deal during a big sale.

So, if you're an aspiring business owner, Max Funding is here to fuel your startup dreams. We're not just a lender but your co-pilot on this incredible adventure.

application process icon

Easy Application

Our process is as easy as pie. 

Step 1: Visit our website and fill out the application form. 

Step 2: Wait for approval (usually within minutes)

Step 3: Fund will be transferred to your account (usually within 24 hours)

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Glowing 5 Star Reviews

Don’t just take our word for it. With a 5-star rating from 619 reviews on Reviews.io and 22 glowing testimonials on our site, our track record speaks volumes.
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Flexible Repayment

You can choose the repayment plan that suits you best, whether weekly, monthly, or whenever you hit the jackpot in your business journey.
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No Credit Check

We won't judge you based on your credit score. Bad credit?1It’s okay. At Max Funding, you’re like joining a club where everyone's welcome, regardless of their favourite colour.

MaxFunding Customer Reviews

At Max Funding, we are very pride on our high level of client service. As a result, we continuously receive feedback from our happy clients; below you can see what our clients has to say.
I can't thank Max Funding enough for making my startup dream come true! The best part? Their team didn't just stop providing the loan; they offered personalised support and flexible repayment options that perfectly suited my startup's needs. The financial advisor I was assigned to was a game-changer – their insights were invaluable. If you're a startup owner needing funding and support, look no further than Max Funding.
Zara Fitzgerald
Business Name: AquaFlora Technologies Industry: Sustainable Aquaponics Farming
Applying for a business loan has never been this easy. The application process was straightforward, and within moments of completing it, I received a call from their friendly team. They guided me through the process, making sure I understood every step. I was approved within just 30 minutes! I expected days of waiting, but Max Funding surprised me with their lightning-fast approval. But it didn’t end there – the same day, the funds were transferred to my account. I couldn’t believe it! I had urgent expenses for my business, and Max Funding came to my rescue like a superhero. Their efficiency saved my day and made the entire process stress-free.
Harrison Blake
Business Name: ByteCraft Solutions Industry: Artificial Intelligence and Machine Learning
I had applied to numerous banks and online lenders, facing rejection after rejection due to my startup business. Desperation set in until I discovered Max Funding. To my sheer amazement, they considered my application swiftly and approved it. They saw the potential in my venture when others couldn’t, and I’m profoundly grateful for that. Max Funding isn’t just financial support; they are a beacon of hope for startups, making dreams possible where others saw only challenges. I can’t recommend them enough!
Finnley O'Connor
Business Name: GreenThumb Gardens Industry: Urban Gardening and Landscaping Services

Start Up Loan FAQ

Why do people get a start-up business loan?
The challenge for many new business owners is that they lack sufficient capital needed to fund the starting phase of their business, and typically these new business owners simply don’t have the business experience to obtain funding from mainstream banks in Australia. Max Funding caters to businesses of all sizes, and through its start-up business loan, can give start-up businesses the boost it needs that it can’t otherwise receive from traditional banks.
How much can I borrow with a start-up business
Unlike the mainstream lenders in Australia, Max Funding offers flexibility to its clients. Max Funding allows clients to borrow as little as $3,000 and as much as $1,000,000, in comparison to the bank’s minimum of $50,000.
How quickly can I get a decision for a startup-up business loan?
After you have filled out your pre-approval application form, the team at Max Funding will determine whether your loan application passes our easy-to-be-eligible criteria.

Once the verification is done and the contract is signed, the funds will be transferred to your account as fast as 24 hours.
How can I get finance to start a business?
Obtaining finance with Max Funding has never been made easier! Max Funding is aware of the tedious process small business owners must go through when applying for funding from a traditional source. Unlike these traditional firms, here at Max Funding, we have deliberately simplified our application process.

Simply fill out our easy-to-be-eligible application form which takes 5 minutes, to obtain a pre-approval decision. U

pon completion, our expert team will give you an immediate decision, after verified your application and you signed the contract, the funds will be transferred into your account on the same day!
Can I get a business loan with poor credit history?
Here at Max Funding, we believe in second chances. We understand that an individual’s historical record may not be a true reflection of their financial ability at present.

Unlike banks, who are quick to decline funding for previous bad credit recording people, we ensure that each client is equally treated regardless of whether their credit record is good or bad. Even if you have a poor credit history, apply for funding with us today by filling out our simplified application form which takes only 5 minutes.
Can I get pre-approved for a business loan?
Yes, to get pre-approval for a business loan here at Max Funding, all that is required of you is to complete an obligation-free application which takes only 5 minutes. There is no credit check for pre-approval, so your credit score will not be affected at all. And upon completion the specialist team at Max Funding will give you an instant decision.
Is it difficult to get a pre-approval?
No, obtaining pre-approval has been made easy with Max Funding. All that is required is 5 minutes of your time and can be done all with your mobile phone. With our easy-to-be-eligible criteria, we operate on the basis that our clients are treated fairly and equally.

Fill out the application form now, and get a pre-approval decision instantly, so you can begin obtaining funding with us today!
What is the interest rate for a start up business loan?
The interest rate for a startup business loan is as low as 1.50% per month. Given our loans are designed for small businesses, the rate is considered to be one of the lowest in Australia.
Whats the cost for a startup business loan?
There is no hidden fees or charges at Max Funding. The only cost for startup business loan is the interest rate which is considered to be one of the lowest in Australia.
Get I get a start up business loan if my business is run from my home?
Starting a business from home can create flexibility and decrease cost for which means you require less funds. Here at Max Funding, we cater our services to different sizes of businesses and allow clients to borrow as little as $3,000 up to $1,000,000.

Startup Business Loans Up To $1 Million

Bring your dream to reality

Bad credit? OK! New business? OK!
Decision in five minutes An alternative to banks
David Test V5
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