It’s hard to determine if you made an online business loan request that you did the right thing or not without knowing all the circumstances of the requirement for your loan. If you were seeking out funds for a small business loan then ideally your first option would be to see what programs the Australian government has to offer for their small business grants and loans program. If you are not familiar with this type of funding than speaking to a qualified consultants that specializes in these loans will certainly be of great help to you.
You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.