Australia's cash flow lenders, compared
Australia's unsecured and cash flow lenders differ less on speed than on what they require and what they take. Most want a minimum trading history and a minimum turnover, most take repayments daily or weekly from the day the money lands, and most take a director's personal guarantee. Several stop being unsecured above a threshold — taking a charge over company assets, a caveat over land, or requiring property ownership before the larger amounts are available at all.
If the answer turns out to be property, the second mortgage lenders are compared the same way here.
There are two questions worth separating. The first is whether to borrow against trading performance or against property — that is the secured versus unsecured question, and it is where the cost of each belongs. The second is the one this page answers: if you are looking at the unsecured lenders, what does each of them actually require, and what do they take?
Every figure below was read off that lender's own website. Not off a comparison site — those are reliably out of date, and several still list lenders that have merged, renamed or left the country.
What each lender requires
| Lender | Amounts | Repayments | What they require | Security or guarantee | Publishes a price |
|---|---|---|---|---|---|
| Prospa | $5,000 – $1,000,000 | Fixed daily or weekly | 6 months trading, $6,000 monthly turnover, good credit history | No upfront security to $150,000; above that property ownership required. Director's guarantee taken. | Yes |
| Bizcap | $5,000 – $7,500,000 | Daily or weekly direct debits | 4 months trading, $12,000 monthly revenue, no minimum credit score | Above $30,000 takes a charge over assets, which its own terms say can include caveats over land. Guarantees may be taken. | No |
| OnDeck | $10,000 – $250,000 | Daily or weekly | 1 year trading, $100,000 annual turnover, minimum credit score applies | No asset security on any loan, in any circumstances. Director's guarantee only. | No |
| Lumi | Up to $1,000,000 | Weekly | 6 months trading, $50,000 annual revenue | Most loans to $300,000 unsecured; larger amounts may need property backing. | Yes |
| Moula | $10,000 – $500,000 | Not published | 12 months trading, $10,000 monthly sales, GST registered | No caveat and no general security agreement. An individual guarantee is required in every case. | Yes |
| Banjo | $20,000 – $2,000,000 | Weekly, fortnightly or monthly | 2 years trading, $500,000 annual sales | Generally no asset security, but director guarantees and a general security deed may be required on larger loans. | No |
| Shift | $25,000 – $2,000,000 | Weekly or monthly | 2 years trading, $250,000 turnover, 6 months of bank statements | Not published. | Yes |
| Dynamoney | $20,000 – $500,000 | Weekly, fortnightly or monthly | 2 years trading, $35,000 monthly sales, clear credit history with no dishonours | No security or caveat to $150,000; property ownership is what lifts the limit. | Yes |
| ScotPac | $10,000 – $500,000 | Not published | 12 months trading at the same location, $10,000 average monthly sales | States 80% of its loans are unsecured; security required at $200,000 and above. | No |
| Capify | Up to $2,000,000 | Daily, on the merchant advance | 2 months trading, $10,000 monthly turnover, card settlements each month | States its loans are unsecured. | No |
| Max Funding | $5,000 – $500,000 | Not published | 6 months trading or a new business, $7,500 monthly turnover, financial statement required | Unsecured. | Yes |
| Tyro | Up to $400,000 | A nominated 8% to 30% of daily card takings | Must be a Tyro merchant with a Tyro account | Unsecured, personal guarantee required. | No |
| HomeSec | $20,000 to $5,000,000 | Interest only, or capitalised for up to six months | Equity in real estate and a business purpose. No minimum turnover, trading history or credit score | A first or second mortgage over the nominated property, and usually a guarantee | No — priced per loan |
Taken from each lender's own website on 26 September 2026. Lenders change their products without notice, so check the lender's own site before relying on any row. HomeSec is not affiliated with, endorsed by or connected to any lender named here.
Where "unsecured" stops being unsecured
This is the part that surprises people. The word describes what is not mortgaged — real property — rather than an absence of security, and above a certain size several of these lenders reach for property anyway.
One takes a charge over assets above $30,000 and its own terms give caveats over land as an example of what that can include. Another requires property ownership above $150,000 before it will lend at all, without registering a mortgage. A third says most loans to $300,000 are unsecured and that larger amounts may need property backing. A fourth requires security at $200,000 and above. And nearly all of them take a director's personal guarantee, which makes the debt yours regardless.
So for a larger loan the honest comparison is not "risk the house" against "risk nothing". It is closer to a caveat and a guarantee you were not really expecting, on a facility with a fixed end date and daily debits — against a mortgage you agreed to, over one nominated property, with the term you chose and no payments for the first six months.
Who a cash flow lender says no to
A cash flow assessment reads bank statements and looks for consistency. That works well for a business whose takings arrive evenly. It works badly for a great many real businesses:
- Seasonal trade. The snow, the coast over summer, a tourist town at Christmas and nothing much in July. The annual figure is fine. The monthly pattern is not.
- Lumpy income. Builders, contractors on progress claims, anyone paid on completion rather than weekly.
- A month that went wrong. Days not trading for reasons outside your control read as inconsistency, not as bad luck.
- A judgment, a default, or a tax debt. Any of these can end the assessment.
- Arrears with another cash flow lender. Once one facility is behind, the next lender can see it in the statements.
- Size. Above what monthly turnover will support, the answer is no however good the business is — and most of these lenders stop well short of $5,000,000.
None of those changes what a property is worth. That is the whole reason a secured lender can look at the same business on the same day and reach a different answer.
When a cash flow lender is the better answer
Often, and it is worth saying plainly rather than burying it.
- There is no real property in the ownership group. Then it is not a choice between us and them — it is them, or nothing.
- The amount is small and the business trades steadily. Several of these lenders will fund that without property at all, which we cannot do.
- You need a revolving facility. A term mortgage does not replace a line of credit or an overdraft.
- Your own bank will do it. If the business qualifies for a bank facility, take the bank facility.
Where HomeSec fits
We have funded Australian businesses against real property since 2004, and the test has not changed: sufficient equity in real estate, and a business purpose for the money. No minimum turnover, no trading history requirement, no credit score threshold, no financials, and no interrogation about the last twelve months.
Two things follow from that. The first is certainty — where the equity is there, very little stops a HomeSec loan, while a cash flow application has many more ways to fail. The second is the repayments. Their money starts coming back out on day one, daily or weekly, whatever the business earned that day. Ours can be capitalised for up to six months, so the business gets half a year to do whatever it borrowed the money to do before anything is payable. For a business that borrowed because cash was tight, that difference is the whole point.
Speed is a draw. Several of the lenders above fund the same day, and so do we, in as little as 24 hours. We are not faster. We are looking at something different.
When we are the wrong answer
If there is no equity in real property, we cannot help, and no amount of good trading changes that. If the money is for a personal purpose, we do not lend for one — all HomeSec lending is wholly for business or investment purposes, and is not regulated by the NCCP Act. And if the business is losing money structurally rather than timing-wise, borrowing against the house postpones the problem and enlarges it. A loan is worth taking when there is a clear plan for repaying it, and that is as true of ours as of anyone's.
This page is general information about how these lenders describe their own products. It is not financial or legal advice about your situation, and the figures above can change without notice.
Most people reading this have already been declined by one of these lenders, or have been offered less than they need.
If you are reading this because money is tight, it may be that what you actually need is fast business finance — and HomeSec can lend with very few qualification criteria. All you need is sufficient equity in real estate and a business purpose: no financials, no valuation, no credit score threshold, funded in as little as 24 hours from a clean, complete scenario. Best of all, the first six months can come with no requirement to make any payment.
That's the HomeSec Advantage.
Questions people ask alongside this one
Are unsecured business loans really unsecured?
Who do cash flow lenders decline?
Is a cash flow loan ever the better choice?
Is HomeSec slower than a cash flow lender?
What does HomeSec actually require?
See if you qualify in sixty seconds
Three short questions, no credit check to apply and no financial statements. A Lending Manager reads it and calls you back with a real answer — not a call centre, not an algorithm.
That's the HomeSec Advantage.
Reviewed by Paul Stone, Joint Chief Executive