Rating based on 32 reviews


  • Business loans up to $1,000
  • Low-interest starting from 4%
  • Repayment up to 30 days

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MiFinance homepage
Author MiFinance. Screenshot of MiFinance website.
[Accessed May 24, 2023]

About MiFinance

MiFinance is an alternative credit provider that specializes in payday cash loans for personal use but, they also offer business loans with similar terms.

If you own a small business and need a small cash boost of an amount below $1,000 than MiFinance’s services will likely meet your needs.

No interest – pay a set fee

Unlike most alternative credit providers and banks you do not have to pay interest when you get a loan from this credit provider since they charge a set fee for their loans. This set fee is currently a 20% establishment fee and 4% of the principal thereafter per month.

Why take out a loan with MiFinance

This lender offers business credit of between $100 and $1,000 which are loan amounts no bank and most alternative lenders will not even consider to lend to you. In addition, you will get the credit much faster than with any other provider.

Simple, quick loans online

MiFinance is an online quick cash lender and delivers loans exceptionally fast. Their entire loan application can be done online and you can even sign the loan contract digitally.

MiFinance Services

MiFinance is truly unique in the category of business lenders since it does not offer typical business loans, lines of credit or invoice factoring – they offer a business advance that is similar to that of a payday loan.

Forget factoring

When you need a small amount of cash – the banks are simply not going to help you and, if they do, you’ll end up waiting for a long time.

Since banks are not an option you may consider factoring but, these companies will usually require you to sell all of your invoices and they also get involved with your customers.

What you need to apply

With MiFinance you can get a business loan and then simply repay it at the end of the month and all they need is your ABN and a 3-month bank statement to verify that your business can make the loan repayment.

Uses for an ABN Loan

You are free to use your ABN loan as you please. From buying stationary, buying stock, paying bills or part-time workers – these fast loans will allow you to get back to business as soon as possible.

MiFinance – Business loan

  • Loan Type Business loans
  • Interest Rate 421.24% p/a
  • Loan Amount up to $1,000
  • Repayment 14 days to 30 days

Benefits of MiFinance

  • Financial Solutions for your business
  • Flexible repayment terms
  • Low interest rates

Business loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This business loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

We are the only lender that offers business loans under $1,000

As the only lender that offer short-term loans under $1,000 to Australian businesses – they fill in a gap in the market that no other lenders are willing or able to fill.

Loan application requirements:

  • An ID – this must either be a drivers license, passport or 18+ card
  • 90-day bank statements

Filling out the loan application form

The online loan application of MiFinance is simple and can easily be completed in just 10 minutes. You will be required to provide a range of personal, business and contact information in addition to providing the documents listed above.

Loan application sections:

  1. Loan details – tell them how much you need and what you’re going to use it for
  2. Personal details – this is where you type in your name, address, contact numbers and email
  3. Identification details – tell them what type of ID you’re using and type in the ID number
  4. Business information – This is where you must provide your business ABN/CAN number, the number of months/years in operation, address and contact numbers
  5. Personal expenses – This is where you will provide details on your monthly expenses including rental/mortgage, transport, food, loans, medical expenses and car loan repayments among other
  6. Banking details – this section is self-explanatory and will allow MiFinance to debit your loan repayment on the agreed date/s
  7. T’s & C’s – here you must agree that you have provided correct information and that you have had access to both the disclosure and privacy act that is provided on the site
man holding thumbs up

MiFinance is a trusted & reliable provider of business loans

In our review, MiFinance adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.

✅ MiFinance is a registered credit provider in Australia: ACL 389029

Customer Reviews & Testimonials

September 2018

MiFinance gave me a business loan that was not only affordable for me but for my enterprise as well.

William H
— Canberra —

March 2019

Thanks to MiFinance, I finally got a business loan I can afford.

Richard G
— Perth —

MiFinance Contact

Contact Number



Physical Address

  • Suite 9, Professional Centre, Smiths Rd, St Ives Shopping Centre Goodna QLD 4300 Australia
  • Get Directions

Postal Address

  • P.O. Box 40, Goodna, 4300, Australia

Opening Hours

  • not available