Business Loans & Overdrafts
Business Loans and Overdrafts
Funding for cash flow, stock, a big contract or the next stage of growth. Secured or unsecured, from banks and specialist lenders.
- Specialist in Business Lending
- Australia-wide
- No obligation quote
What it is
How Business Loans & Overdrafts Work
Business loans and overdrafts give your business cash to use, rather than funding a specific asset. They range from short-term unsecured loans to bank overdrafts and term loans secured against property.
The right option depends on what the money is for, how long you need it and what security is available. We talk that through with you, then compare lenders.
What You Can Use It For
- Working capital and cash flow gaps
- Stock and seasonal purchases
- Taking on a large contract
- Fit-outs, marketing or hiring
- Paying out an ATO debt (lender dependent)
- Buying a business or buying out a partner
Finance options
Explore Business Loans & Overdrafts
Who it suits
Is It Right for Your Business?
- Trading businesses with an ABN
- Businesses with regular income through their bank account
- Newer businesses and credit history are considered case by case. The lender makes the final decision.
Key Features
- Loan size
- From $10,000
- Unsecured
- Usually shorter terms, limits driven by turnover
- Secured
- Longer terms, secured against property
- Overdraft / line of credit
- A limit you draw on and repay as needed
- Repayments
- Daily, weekly or monthly, lender dependent
A general guide only. Your lender sets the actual terms, rates and fees.
Benefits and trade-offs
The Good, and What to Watch
Benefits
- Funds can be used across the business
- Overdrafts and lines of credit let you draw only what you need
- Unsecured options if you don't want to offer property
- Secured options can mean lower rates and longer terms
Trade-offs
- Unsecured lending usually costs more than secured
- Shorter terms mean higher repayments
- Some lenders take daily or weekly repayments, which needs planning
- A director's guarantee is commonly required
How it works
Three Steps to Funding
Tell Us What You Need
A few quick questions about the finance and your business. It takes about a minute.
We Compare Your Options
We talk it through with you, then match your scenario to suitable lenders from our panel.
Get Funded
We handle the paperwork with the lender and keep you updated through to settlement.
FAQs
Common Questions
What's the difference between a loan and an overdraft?
A loan gives you a lump sum that you repay over a set term. An overdraft or line of credit gives you a limit to draw on when you need it, and you pay interest on what you use.
Do I need property as security?
No. Unsecured options are available, usually with a director's guarantee. Offering property can open up lower rates and longer terms.
Can you help with an ATO debt?
Some lenders will lend to pay out an ATO debt, depending on whether it's on a payment plan and the rest of the business picture. Tell us about it up front.
How much can I borrow?
It depends mostly on your turnover, trading history, existing debts and any security. We'll give you a realistic range once we understand the business.
Ready to Talk Finance?
Tell us what you need. We'll compare lenders and come back with options.