Business Loans

A business loan gives your business a lump sum, a line of credit or an advance against your invoices, repaid over an agreed term or as your cash flow allows. The process starts by looking at what you need the funds for, your turnover, trading history, credit profile and whether you can offer security. We then compare options across a panel of 80+ banks and non-bank lenders to find a suitable lender, rate and structure. Once you’re happy with the offer and give us the go-ahead, we submit the application — this is when a formal credit enquiry may be made. If approved, the documents are signed and funds are typically released within 24 to 48 hours.

We arrange the full range of commercial funding — unsecured and secured business loans, business lines of credit and overdrafts, invoice, debtor and receivables finance, cash-flow and working-capital loans, tax-debt funding, commercial property loans, sale and leaseback, and business purchase and franchise finance. We match the structure to what you need the money for and how your cash flow moves.

Often yes. Many lenders assess a business loan on the strength of your ABN, GST registration, business bank statements and trading history rather than a full set of financials. Established ABN holders with consistent turnover have the widest choice of lenders and the sharpest pricing, while newer businesses can still qualify, sometimes with additional information or security.

Not always. We arrange unsecured business loans assessed on your cash flow and credit profile with no real-property security, as well as secured facilities backed by residential or commercial property or business assets. Security generally unlocks larger limits, longer terms and lower rates, while unsecured funding trades a slightly higher rate for speed and simplicity.

Business loan rates typically start from around 7.49% p.a. for a secured facility and range higher for unsecured funding, depending on your turnover, trading history, credit profile, the amount and the term. Invoice and debtor finance is priced as a discount fee rather than a fixed p.a. rate. We compare 80+ lenders and negotiate directly for sharper pricing where possible. Rates are indicative only and subject to lender criteria, credit assessment, fees, terms and approval.

Terms generally run from a few months up to 5 years, and longer again for property-secured facilities. Shorter terms cost less interest overall but carry higher repayments; longer terms lower the repayment but cost more over the life of the loan. A line of credit or overdraft has no fixed term — you draw and repay as you need.

Borrowing capacity depends on your turnover, trading history, credit profile, existing commitments and whether the facility is secured. Unsecured funding is commonly available from $5,000 up to around $500,000 for eligible businesses, while secured facilities can extend well beyond that. We match your circumstances to the lenders most likely to approve the amount you need.

For a straightforward application we can often come back with an indicative answer the same business day, with conditional approval frequently inside 24 hours and funds available within 24 to 48 hours once documents and verification are complete. Timing depends on the lender, the amount, whether security is involved and how quickly information is supplied.

Yes, depending on your eligibility. Low-doc and no-doc business loans may be available without a complete set of financial statements or tax returns, assessed instead on your ABN and GST history, business bank statements and credit profile. Requirements vary between lenders.

Yes. A past credit issue doesn’t necessarily rule out a business loan. Some lenders weigh current trading performance and cash flow more heavily than historical credit events. The available rate, amount, term and any security requirement depend on the nature and age of the credit issues and your current circumstances. Approval isn’t guaranteed, but we work to find the most suitable option.

Almost any legitimate business purpose — working capital, wages, buying stock, paying an ATO tax debt, a fit-out or renovation, marketing, hiring, equipment, buying a business or franchise, or smoothing seasonal cash flow. The lender may ask the purpose as part of the assessment.

No. Getting a quote with Overdrive has zero impact on your credit score. We don’t require any upfront credit checks to provide a quote, and a formal credit enquiry is only made once you give us the go-ahead to proceed and we submit your application to the most suitable lender.

Business loans are available to eligible Australian ABN holders, including sole traders, partnerships, companies and trusts. Commercial lending to ABN holders sits largely outside consumer credit rules, which usually means a faster, simpler process than a personal loan. Funds must be for genuine business use.

Different banks and non-bank lenders can offer very different rates and terms for the same application. Our job is to compare 80+ lenders to find the sharpest rate and repayments available for your circumstances, then negotiate directly with lenders for a better deal. You’re not restricted to one bank — we find the lender that best fits your application and negotiate on your behalf.

Yes. Self-employed ABN holders, sole traders and business owners can apply. The documents required depend on your business history, credit profile, loan amount and the lender — and low-doc options mean full financials often aren’t needed.

Potentially. Some lenders consider newer ABNs and recently established businesses. Your industry experience, revenue, credit profile, any security and the amount you need can all help determine the options available.

Yes. We arrange funding to clear or manage an ATO tax debt — GST, PAYG or company tax — often without property security, so a tax debt stops holding your business back and you can get back on top of the ATO.

Yes. Refinancing can lower your rate, free up cash flow or roll several facilities into one manageable repayment. We compare your current deal against a panel of 80+ lenders to see whether a better structure is available.

A term loan suits a one-off need repaid over a set period, while a line of credit or overdraft suits ongoing or seasonal cash-flow gaps — you draw and repay as needed and pay interest only on the balance used. We help you choose the structure that fits how your business actually spends and earns.