You can use a range of online P2P lending platforms to tap into funding from private lenders rather than banks or financial institutions. You’ll need to provide detailed requirements of the loan you’re seeking (loan amount, business objectives, purposes of the loan, etc) in a pitch, and submit your financials through the platform. Terms and conditions including investment limit, investor profile, or APR of loan repayment will be defined by the platform based on due diligence and background credit checks. Depending on the amount you’re setting your sights on, you might need to provide security in the form of business assets or a personal guarantee.
If you’re pursuing the debt crowdfunding route, it’s vital to accurately state your intention: what the money will be used for. Otherwise, you run the risk of misleading and deceptive conduct under the Australian Consumer Law.