We help you compare and secure the right term loan to fund your business growth - from $25,000 to $1M - without the legwork.
A business term loan gives your business access to a one-off lump sum, repaid in regular instalments over 1 to 5 years. It’s best suited for larger investments — like buying equipment, hiring staff, or expanding your operations — where you want predictable repayments.
At Splendid, we help you compare offers from multiple lenders to find the right term, structure and rate for your unique business situation.
✅ Borrow up to $1 million in one lump sum
✅ Choose repayment terms from 1 to 5 years
✅ Lock in fixed or reducing interest options
✅ Predictable repayments
✅ Unsecured options available
✅ Get fast approval and funding — often within 1–3 days
✅ Businesses investing in equipment, fit-outs or vehicles
✅ Companies hiring staff or launching marketing campaigns
✅ Growing businesses needing capital for expansion
✅ Businesses consolidating short-term debts into one loan
You’re likely to be eligible if:
✅ You’ve been trading for at least 6–24 months
✅ Your business turns over at least $100K annually
✅ You are an Australian citizen or permanent resident
✅ You hold an active ABN or ACN
✅ You can share business bank statements and/or financial statements
📌 Not sure if you qualify? Let’s talk — we’ll guide you through your options.
Let us help you find the right term loan for your business — with support from real lending experts.
Business line of credit costs vary depending on the lender and your business profile. Rates and fees are set by each lender, and we’ll walk you through all your options before you make a decision. Here’s what to expect:
Interest rates: Start from 14.95% p.a. for established businesses. Lower if secured.
Setup fee: Typically 2.5%–3% of the loan amount.
Monthly fee: None.
Early repayment penalty: Sometimes.
If you have business term loan offers from more than one lender, deciding which one is the best fit for your business comes down to more than the headline interest rate. You need to take into account the following details in reaching your decision:
1. Upfront application / establishment fees
2. Ongoing facility / account fees
3. How many months/years the facility will last
4. Repayments structure and timing
5. Ease of repayments
6. Level of security required
7. Amount of documentation required
8. Time to approval and funding
We do all the legwork for you — comparing offers, negotiating terms and helping you make a confident decision.
1️⃣ We assess your needs and gather your business profile information.
2️⃣ If you decide to proceed, we send you a Personal Privacy Consent for signature then ask you to provide required documents such as bank statements and financials.
3️⃣ We analyse your business performance and shortlist the right-fit products and lenders based on your goals and profile.
4️⃣ We structure & present the deal to matched lenders for pre-approval.
5️⃣ Once we obtain pre-approval(s) we will discuss the available options with you in detail.
6️⃣ You choose the option you're happy with and we will kick-off a formal loan application with the lender.
7️⃣ If the lender approves the loan, they will send you the rates and key terms
8️⃣ If you are happy with the lender's offer, you sign the loan documents they send you
9️⃣ The lender will transfer the loan funds to your nominated bank account
A term loan provides a lump sum upfront, repaid over a set period (usually 1–5 years) in regular instalments. You’ll pay interest on the full amount from day one.In contrast, a line of credit or overdraft is a flexible facility you draw on as needed, and you only pay interest on the balance used. Term loans are ideal for planned, larger expenses. Lines of credit and overdrafts are better suited for managing short-term cash flow gaps.
It depends on the lender and particular product. Most lenders we work with allow early repayment with no penalties, and some even offer interest savings when you repay ahead of schedule. We’ll highlight this when comparing your options, so you know exactly how flexible your loan will be.
Not always. Many lenders offer unsecured term loans up to $250,000, especially for businesses with consistent revenue and a good credit history. Loans above that may require security, such as property, vehicles, or business equipment. We’ll guide you through both options and what’s required.
Once approved, funds are typically deposited in your account within 24 to 72 hours. The full process — from application to funding — usually takes 2 to 5 business days, depending on the lender and how quickly supporting documents are provided.
We do not perform credit checks. However, lenders we present your deal to may conduct soft credit checks. If you choose to proceed to an application with a particular lender, the lender will run a full check.
Let us help you find the right term loan for your business — with support from real lending experts.
