Short answer: Six fast business lenders compared on the five things that decide whether you qualify: funding speed, minimum trading period, security required, loan range and credit requirements. Every figure below was taken from each lender’s own website in September 2026. Where another lender suits your situation better, the table says so.
The comparison
Read the security column first. It is the one that decides which half of this market you are in, and everything else follows from it.
| Lender | Time to funds | Minimum trading | Security | Loan range | Credit |
|---|---|---|---|---|---|
| Instant Business Finance | As little as 24 hours | None | Property — first or second mortgage, or a caveat in Victoria | $20,000 – $5M | Bad credit, defaults and ATO debt considered |
| Prospa | Response in about an hour; funds about an hour after settlement | 6 months (term loan); 2–3 years on other products | None up to $150,000; above that, property ownership required and asset security may be required | $5,000 – $500,000 ($2,000 on the line of credit; to $1M on Loan Plus) | “Good credit history”; no score published, and no credit check to see if you are eligible |
| OnDeck | As fast as 2 hours up to $175,000; 1 business day above | 12 months | No asset security; personal guarantee required | $10,000 – $250,000 | Minimum 500 business credit score; no bankruptcy |
| Moula | Decision within 24 hours, then funds within 24 hours | 12 months | None up to $150,000; no personal guarantee for sole traders | $10,000 – $500,000 | No score published |
| Bizcap | Approval in 3 hours, same-day funding | 4 months (longer for some industries) | Not required to apply; their broker sheet says security is not necessarily required under $1M, and their FAQ says a charge is taken over borrower and guarantor assets above $30,000 | $5,000 – $7.5M | No minimum score; defaults and judgements accepted |
| Capify | Approval under 2 hours; funds in 24 hours (48 on merchant cash advance) | 6 months on their FAQ (12 months+ on their unsecured finance page); 2 months on merchant cash advance | None; guarantee from the majority owner | From $5,000, up to $2,000,000+ (lower limits stated on some product pages) | No score published; offers subject to adverse information |
Three notes on accuracy, because a comparison table flattens things that should not be flattened. Bizcap positions itself as an unsecured lender and its broker sheet says security is not necessarily required under $1 million; its FAQ separately says a charge is taken over borrower and guarantor assets above $30,000. Both are theirs, and quoting only one would mislead in one direction or the other. Capify states different maximum loan amounts on different pages of its own site, so the highest published figure is used with a note rather than picking one. OnDeck’s product and eligibility pages show a $250,000 maximum while its homepage currently shows $150,000; the product pages are used here.
The table also leaves out turnover, and every lender on it has a floor: Prospa $6,000 a month, Moula $10,000 a month, Capify $10,000 a month, Bizcap $12,000 a month (and $30,000 for construction and transport), OnDeck $100,000 a year. Trading history is the requirement people check; turnover is the one that quietly disqualifies them.
The question that comes before the table
There is really only one question, and it comes before all five columns: do you own property?
If you do not, everything in this comparison except us is available to you, and we are not. We lend against property. No amount of trading history or turnover changes that, and there is no point putting you through an application to find out.
If you do own property, you have both halves of the market open and the choice becomes a real one. Property security usually buys you a larger amount, no financials, and a much more forgiving view of your credit file. Unsecured lending usually buys you a smaller amount, faster paperwork and no valuation step — and it leaves your property out of it entirely, which has a value of its own that no table can price.
The second question is how long you need the money for. Most of the lenders above write terms measured in months to a few years and amortise from the first week. If your need is a matter of weeks with a dated event at the end of it, that is a different shape of loan and the comparison changes again.
When does each of these lenders beat us?
This is the part most comparison pages leave out. All five of these lenders are better than us for some borrowers, and it is not a close call.
- You do not own property. Any of the five. We cannot help and they can. That is most of the market, not an edge case.
- You need less than $20,000. Prospa writes from $5,000 and from $2,000 on a line of credit; Bizcap and Capify from $5,000. Our minimum is $20,000, because below that the cost of documenting and registering a mortgage stops making sense for the borrower.
- You have been trading under six months with no property. Bizcap works from four months and Capify’s merchant cash advance from two. Nobody lending against property will be faster to a yes for a brand-new business without security.
- You want a published rate before you speak to anyone. Moula publishes an APR range and Prospa publishes a fixed APR on its loan calculator. We do not publish a rate at all, for reasons set out on our costs page. If a published number is what you need to start, they have one and we do not.
- You are a sole trader who will not give a personal guarantee. Moula states that sole traders are not asked for one.
- You want to shop without a credit enquiry on file. Bizcap makes a conditional offer without a hard credit check, which genuinely matters if you have already been knocked back somewhere and do not want another enquiry.
- Your takings are seasonal and a fixed repayment frightens you. Capify’s merchant cash advance repays a small percentage of daily card and EFTPOS sales, so repayment flexes with trade rather than holding you to a fixed monthly figure.
When are we the right answer?
The mirror image, and it is a narrower set than our marketing would suggest.
- You need more than the unsecured market will write. Most of the lenders above stop at $150,000 without property. We go to $5 million against it.
- You have no current financials. No returns lodged, a loss year, a recent restructure. Every lender above assesses on trading data; we assess on equity and on how the loan gets repaid.
- Your credit file would end the conversation elsewhere. Defaults, judgments, arrears, a bank decline. Bizcap is the only one of the five publishing an explicit acceptance of defaults and judgements; the rest reserve their position.
- You have a fixed deadline and a documented exit. A settlement date, a contracted payment, a refinance already underway. That is the shape this lending is built around.
- You want to leave a good existing home loan untouched. A second mortgage sits behind it without repricing it.
How to read any lender comparison, including this one
Three habits will serve you better than any table, this one included.
- Separate approval time from funding timeAlmost every fast-funding claim in this market is an approval time. Prospa, OnDeck, Moula, Bizcap and Capify all publish both figures if you look, and the gap between them is where the surprise lives. Ask for time to cleared funds, which is the only number that matters when you have a deadline.
- Read the eligibility page, not the homepageMinimums and maximums differ between a lender’s homepage and their own eligibility or FAQ pages more often than you would expect. Two of the five here contradict themselves across their own site. The eligibility page is usually the accurate one.
- Ask what happens if your exit runs a month lateNo comparison table has this column and it is the one that separates lenders most. Ask it of every lender you speak to, including us, and get the answer in writing before you sign.
Sources
Every figure above was taken from the lender’s own website on 25 September 2026. Lenders change their terms, so check the current page before relying on any of it.
Prospa small business loan · OnDeck eligibility · Moula business loans · Bizcap FAQs · Capify FAQs
We have no commercial relationship with any lender named here and earn nothing if you go to them. This page exists because the alternative — a comparison written by someone paid per referral — is what you would otherwise be reading.
Frequently asked questions
Which lender is fastest?
On published figures Bizcap (approval in 3 hours, same-day funding) and OnDeck (as fast as 2 hours up to $175,000) are quickest for unsecured lending. For property-secured lending at larger amounts, 24 hours is the benchmark. The honest answer is that the fastest lender is the one whose eligibility you already meet.
Do you earn a commission if I go to one of these lenders?
No. We do not refer to any of them and have no commercial relationship with any lender named on this page.
Why do you not publish an interest rate when some of these lenders do?
Because our pricing depends on the property, the equity behind your existing loan, the term and the exit, and a rate quoted before anyone has seen those is a marketing number rather than your number. Every cost goes in your written offer before you commit.
Can I apply to more than one lender at once?
You can, but multiple hard credit enquiries in a short window are visible to every lender that looks. Bizcap makes a conditional offer without a hard check, and our eligibility check does not make a credit enquiry either.
How often is this page updated?
It was last checked against each lender’s own website in September 2026. Terms in this market change regularly, so treat the figures as a starting point and confirm with the lender before you act.
Does it cost anything to apply?
No. There's no cost to apply or check your eligibility. All costs are set out in writing in your loan offer before you sign anything.
Will checking my eligibility affect my credit score?
No. Our 60-second eligibility check doesn't make a credit enquiry. A credit check is only done later, with your consent, if you decide to proceed.
