Business Loans

A business loan provides funding for a genuine business purpose, either as a lump sum, revolving facility or finance linked to your receivables. The right structure depends on what you need the money for, your turnover, trading history, cash flow, credit profile and whether security is available. We compare suitable options across our panel of 80+ banks and non-bank lenders to help find the right rate, term and structure for your business.

We arrange a wide range of business finance, including unsecured and secured business loans, cash flow loans, working capital finance, lines of credit, business overdrafts, invoice and debtor finance, tax debt loans, equipment finance, commercial property finance, sale and leaseback, business purchase finance, franchise finance, fit-out finance and business debt consolidation.

Potentially. Having an ABN is an important starting point, but an ABN alone doesn't guarantee approval. Some lenders offer streamlined or low-doc business loans using information such as your ABN, GST registration, trading history, business bank statements, turnover and credit profile rather than requiring a full set of financials. Requirements vary depending on the lender and your circumstances.

Not always. Unsecured business loans are available without residential or commercial property security, although guarantees may still be required. Secured business loans use eligible property or business assets as security and can provide access to larger amounts, longer terms or more competitive rates. We compare both options to determine which structure best suits your business.

Business loan rates vary depending on the lender, loan type, amount, term, turnover, trading history, credit profile and whether security is provided. There isn't one standard business loan rate that applies to every business. We compare rates across our lender panel and negotiate pricing where possible to help you secure a competitive deal.

Rates and terms can vary significantly between lenders for the same business. A strong trading history, consistent cash flow, healthy credit profile and suitable security can improve the options available. We compare suitable lenders, identify those most competitive for your circumstances and negotiate rates and terms where possible. We also compare fees, repayments and loan structure — not just the headline interest rate.

Business loan terms vary depending on the lender, loan type and your circumstances. Term loans can range from short-term facilities through to multi-year loans, while property-secured finance can offer considerably longer terms. Lines of credit and overdrafts operate differently, providing access to an approved limit that can be drawn and repaid as required, subject to the facility terms.

Borrowing capacity depends on your turnover, cash flow, trading history, credit profile, existing commitments, loan purpose and available security. Business funding can range from smaller short-term facilities through to multi-million-dollar secured and commercial loans. We assess how much you need and compare lenders suited to your business and funding requirements.

Eligible businesses can receive a same-day decision, with same-day business loan funding available up to $500,000 for qualifying applications. Many other approved applications can be funded within 24–48 hours, depending on the lender, loan amount, documentation and complexity of the application. Larger or more complex loans, particularly those involving property security, valuations or legal work, may take longer.

Potentially. Some lenders offer low-doc or streamlined business loans without requiring a complete set of financial statements or tax returns. Instead, they may assess your business bank statements, turnover, ABN and GST history, accounting data and credit profile. Requirements vary depending on the lender, loan amount and type of finance.

Potentially. Previous credit issues don't automatically prevent you from accessing business finance. Some lenders place greater emphasis on your current turnover, cash flow, trading performance and ability to repay. The nature and age of any credit issues can affect the lenders available, interest rate, loan amount, terms and security requirements.

Business loans can be used for a wide range of legitimate business purposes, including working capital, wages, stock and inventory, supplier payments, equipment and machinery, vehicles, marketing, renovations and fit-outs, business expansion, tax debt, refinancing, purchasing a business or franchise and managing seasonal cash flow.

Getting an initial quote with Overdrive does not require an upfront credit check. We can assess your requirements and compare suitable options before progressing to a formal application. If you decide to proceed, the selected lender may conduct a credit enquiry as part of its assessment. We'll let you know before progressing to this stage.

Eligible Australian businesses with an ABN can apply, including sole traders, partnerships, companies and trusts. Eligibility depends on factors such as your trading history, turnover, cash flow, credit profile, industry, loan purpose and ability to repay. Funds must be used for a genuine business purpose.

Yes. Self-employed business owners and sole traders with an ABN can apply for business finance. The information required depends on your trading history, turnover, credit profile, loan amount and lender. Eligible applicants may also have access to low-doc options where full financial statements aren't required.

Potentially. Some lenders consider start-ups and businesses with shorter trading histories, although the available options may be more limited than for established businesses. Your industry experience, revenue, cash flow, credit profile, available security and the amount you need can all influence your eligibility.

Yes, subject to eligibility and lender approval. Business finance can be used to pay or refinance eligible ATO tax debts, including GST, PAYG and company tax obligations. The right structure will depend on the size of the debt, your business cash flow, financial position and ability to service the new facility.

Yes. Business debt refinancing or consolidation can replace existing finance or combine multiple debts into a more manageable structure. Depending on the new facility, it may help reduce repayments, improve cash flow or simplify your finances. It's important to compare the rate, fees, loan term and overall cost before refinancing.

A term loan generally suits a one-off expense where you know how much you need and want structured repayments over an agreed period. A business line of credit or overdraft can be better suited to ongoing or unpredictable cash-flow requirements, giving you access to funds up to an approved limit when needed.

An unsecured business loan doesn't require residential or commercial property to be provided as security, although guarantees may still be required. A secured business loan is backed by eligible property or other assets and can potentially provide access to larger loan amounts, longer terms or more competitive rates.

A traditional business loan provides an agreed amount of funding that is repaid according to the loan terms. Invoice finance allows eligible businesses to access working capital against outstanding customer invoices rather than waiting for customers to pay. It can be particularly useful for businesses that invoice other businesses on payment terms and regularly experience cash-flow gaps.

Requirements vary depending on the lender, loan amount and type of finance. You may be asked for identification, ABN or company details, business bank statements, financial statements, tax returns, BAS, accounting information, details of existing debts and information about how the funds will be used. Low-doc and streamlined applications may require significantly less documentation.

The principal component of a business loan repayment is generally not tax deductible. However, interest and certain borrowing costs may be deductible where the borrowed funds are used for an income-producing business purpose. Tax treatment depends on your individual circumstances, so professional tax advice should be obtained.

Often, but it depends on the lender and loan agreement. Some business loans allow additional repayments or early payout, while others may charge early repayment, break or discharge fees. If repayment flexibility is important to you, we can factor this into the options we compare.

Potentially. A business can have multiple finance facilities at the same time, such as an equipment loan, line of credit and commercial property loan. Any new lender will consider your existing debts, repayments and overall financial position when assessing your ability to service additional finance.