Second Chance Business Loans Made Simple
If your business needs another shot after past credit issues or previous declines, you still have options.
Depending on your situation, some lenders may offer rapid assessments.
100% free · No credit score impact · No obligation
🏆 Lenders’ Choice Broker of the Year 2025 Finalist (Optimise Awards).
✔︎ Backed by 10+ years of experience in financial services.
Trusted by small business owners across Melbourne & Australia.
Our Panel of 40+ Lenders
Why second-chance funding matters
Everyone deserves a fair opportunity to move forward — especially when past events don’t reflect your current business strength.
Unexpected bills
ATO pressure
Missed payments
Past defaults
Old debts
Temporary downturns
Previous declines
These don’t define your business today.
Second-chance lenders look at recent performance, cash flow, and your current stability, giving you a real pathway forward.
What is a second chance business loan?
A second-chance business loan is designed for business owners who:
Have past credit issues
Have been declined before
Don’t meet traditional lending criteria
Need flexible, performance-based assessments
Want a fresh start with clean guidance
Instead of focusing heavily on past issues, lenders weigh:
Current turnover
Bank statement conduct
Revenue trends
Trading stability
These lenders exist to give businesses a genuine opportunity to recover and grow.
Who this suits best
You’re likely a good fit if your business:
Has steady turnover
Has improved cash flow recently
Has minimal recent reversals
Has strong customer demand
Has a clear use for the funds
Has previously been declined but is now stable
How much you can borrow
Most second-chance lenders offer:
$5,000 to $350,000+
Terms from 3 to 24 months
Daily, weekly or monthly repayment options
Your recent bank statements are the biggest determining factor.
What lenders look for
Monthly turnover volume
Number of incoming deposits
Account conduct
Business longevity
Trading stability
Seasonal patterns
Existing liabilities
Past credit events matter — but your recent results matter more.
Even with past issues, lenders focus on:
Benefits of second chance business loans
Suitable for previously declined applicants
Accepts low credit scores
Fast assessments
No need for full financial statements
Clear, simple criteria
Options for ATO-pressured businesses
No credit impact when checking your options
Common uses for this type of funding
Consolidating old debts
Smoothing cash flow
Paying suppliers
Stock purchases
Equipment repairs
Covering tax obligations
Restarting after a setback
Supporting business recovery
Eligibility criteria
Most lenders require:
Minimum 3–6 months trading
Minimum monthly turnover of $8,000–$15,000
Active Australian business bank account
ABN registered and trading
Perfect credit not required.
Past declines do not automatically disqualify you.
How the process works
1. Quick pre-assessment (30 seconds)
No effect on your credit score.
2. Provide recent bank statements
Most lenders need 3–6 months.
3. We match you to second-chance lenders
Lenders who genuinely consider your current performance.
4. Get funded in as little as 24 hours
Timing depends on your profile.
100% free · No credit score impact · No obligation
Why choose Casey Asset Finance
Supportive, judgment-free finance guidance
Access to the best second-chance lenders
Clear communication at every step
Fast turnaround times
Strong understanding of challenging credit scenarios
Commitment to transparency and trust
We help you rebuild momentum — without pressure.
What you can expect
Respect and discretion
Honest assessment of your situation
Clear requirements
Options tailored to your cash flow
No jargon
A simple, predictable process
Frequently asked questions
-
Yes — many second-chance lenders specialise in previously declined applicants.
-
No — our pre-assessment has no credit score impact.
-
Yes — depending on age and type, defaults may not prevent approval.
-
Most lenders only require your recent bank statements.
Ready to explore second-chance options for your business?
Get clear, supportive guidance — and options based on your business today.
100% free · No credit score impact · No obligation