By John Pierre Saliba · April 2026 · OverdraftMe
An unsecured business loan means no property, no assets, no collateral required. Through OverdraftMe, unsecured business loans up to $500K can be approved and funded the same day - based on your business bank statements alone.
Unsecured up to $500K. Same-day decisions.
Check eligibility → Call 02 8046 3933An unsecured business loan doesn't use your property as security. The lender assesses your business on its cash flow - not the value of your house. If your business can't repay, the lender cannot sell your property. A personal guarantee from the director is typically still required, but your home is not on the line.
| Unsecured (non-bank) | Secured (bank) | |
|---|---|---|
| Property required? | NO | YES |
| Valuation required? | NO | YES - adds 1-2 weeks |
| Tax returns required? | NO | YES - 2 years |
| Approval speed | Same day | 2-6 weeks |
| Funding speed | Same day | 3-8 weeks |
| Interest rate | 14-25% p.a. | 6-12% p.a. |
| Maximum amount | Up to $500K | No cap |
Yes, unsecured rates are higher. But when you need funding today - not in 6 weeks - the speed premium is worth it.
Over 60% of our clients were previously declined by their bank. A bank decline doesn't mean you can't get funded - it means you need a different lender. Read more.