A personal loan and a business loan are different products, with different assessments and often different protections. If you are hoping to stock a shop, fix a van, or cover a quiet month, be clear about which kind of credit you are actually applying for.
Personal applications on this site
Koala Loans accepts personal loan applications, in amounts from $500 to $10,000. A credit provider assesses each application. Using a personal loan for a business purpose can be a poor fit: the amount may be too small, the term may not match the life of the asset, and the contract may not be designed for business cash flow.
Where to look for business funding
For business credit, start with your existing bank or accountant, and with the information published by business.gov.au and MoneySmart. Grants, overdrafts and equipment finance are different tools, and each one has its own eligibility.
If you still apply personally
Be honest about the purpose on the form. A credit provider needs an accurate picture to assess the application. Read any offer as you would any other personal loan: total cost, repayments, and whether they fit your household, not only the business plan.