Best Business Line of Credit Get Up To $10M
To secure the best business line of credit, access flexible funding from $5,000 to $10M+. Our proprietary system finds your ideal funding. Get funded in as little as 3 hours.
Get Funded In As Little As 3 Hours
Get your custom credit line in minutes. Apply now to see your personalised loan options and get funded in hours.
Our promise: no credit score impact
A Flexible Business Loan to Fund Your Business
A business credit line offers a reserve of funds you can draw from anytime, giving you a powerful tool to manage unpredictable revenue. You only pay interest on what you use, making it a cost-effective way to cover expenses or seize opportunities without committing to other business loans.
How a Revolving Credit Facility Works
A revolving credit facility provides your business with ongoing access to a pre-approved pool of funds. Unlike a standard loan where you receive a single lump sum, this facility acts like a credit card for your business, separate from your regular business banking accounts. You can draw down funds as you need them, up to your approved amount, and you only ever pay interest on the money you’ve actively drawn. This puts you in complete control of your capital.
- Borrow from $5,000 to over $10 Million
- Terms up to 36 months
- Primarily unsecured for speed and convenience
- Variable interest rates based on your business risk profile
- Access funds as you need them without reapplying
- Repay and redraw funds as your cash flow allows
- Interest and fees may be tax-deductible
Once approved, your credit is available for you to use whenever you need it. As you repay the funds you’ve used, your available credit replenishes, ready for you to use again. This ‘revolving’ nature means you don’t have to reapply every time you need to cover supplier accounts, purchase stock, or manage a dip in seasonal revenue. It's an ideal tool for managing the irregular cash flow common in sectors like construction, retail, and hospitality.
What Impacts Your Interest Rate
Financial institutions assess several key factors to determine the risk of your finance application, which directly influences the interest rate you're offered. Understanding these factors empowers you to secure the best possible terms for your business.
Business Trading History
A longer, more stable trading history demonstrates reliability and reduces risk for providers, often resulting in a lower interest rate.
Monthly Revenue
Strong and consistent monthly revenue proves your business has the cash flow to comfortably manage repayments.
Your Eligibility Checklist for a Business Loan
While every provider has slightly different requirements, meeting these key criteria gives you the best chance of securing a quick approval.
- An active ABN or ACN.
- At least 6 months trading history.
- A consistent monthly business revenue.
- A personal credit score of 400 or more.
- You are an Australian citizen or permanent resident.
Your Questions Answered
They are essentially the same concept. Banks typically offer an 'overdraft' facility linked directly to a business transaction account. Non-bank providers offer a 'credit facility', which provides the same flexible access to funds but doesn't require a specific transaction account attached.
Absolutely. These business loans are perfectly suited for small businesses. With funding starting from around $5,000, they provide a vital financial safety net for managing day-to-day expenses and fluctuating cash flow without needing to take on a large loan.
No, a deposit is not required for this type of credit. However, if you choose a secured business facility and use an asset like property as collateral, you will often unlock lower interest rates and a higher credit amount.
Credit amounts typically range from $5,000 up to $10 Million. The final amount you can access is determined by your business's revenue, cash flow, and overall financial health and business credit profile.
Completing our initial questionnaire to see your options does not impact your credit score. A hard credit check is only performed when you decide to proceed with a formal submission with your matched provider.
The Main Fees Attached to a Credit Facility
Transparency is crucial when it comes to business funding. While you only pay interest on the funds you draw down, there are a couple of standard fees associated with maintaining this type of credit facility. Understanding these upfront ensures there are no surprises.
Establishment or Setup Fee
Some providers charge a one-time fee to set up the facility. This is typically calculated as a small percentage of your total approved credit amount. For a $50,000 facility, this might be between $250 and $1,500. We work with many providers who have zero establishment fees.
Monthly or Annual Fee
Most facilities come with a regular service fee to keep the credit line open and available for you to use, regardless of whether you have a balance. These are often small, fixed amounts and should be factored into your decision.
How to Get the Best Deal on Your Finance
Strengthen Your Business Profile
Financial institutions offer the best rates to the strongest applicants. Focus on maintaining a healthy cash flow with positive daily balances in your bank account, keep your credit file clean, and ensure your ATO obligations are up to date. The stronger these fundamentals are, the lower your perceived risk will be.
Be Prepared for a Fast Process
Speed is a key advantage. To ensure your request moves as quickly as possible, have your basic documents ready. This includes a clear copy of your driver's licence and secure access to your business bank statements. An organised applicant can often move from submission to funding on the same day.
Consider Security for Larger Amounts
If you need a credit amount over $200,000, being able to offer property as security can unlock higher amounts and more competitive terms. While 95% of our facilities are unsecured, this is a powerful option for businesses looking to fund significant growth.
Your In-Depth Questions, Answered
A credit line is typically classified as a short-term liability on a balance sheet because the expectation is that the drawn funds will be repaid within one year. However, the facility itself can remain open for several years, providing long-term financial flexibility.
Yes, most providers are open to reviewing your funding amount after a period of responsible use, typically 6 to 12 months. This will usually require a reassessment of your business's revenue and financial health to ensure you can service a higher amount.
If you don't draw down any funds, you won't pay any interest. However, you may still be required to pay a small monthly or annual service fee to keep the facility open and available for when you do need it. It's best to confirm this fee structure with your provider.
It can be more challenging, but it's not impossible. Some specialist providers focus more on your recent business cash flow and revenue rather than past credit issues. Be prepared for a potentially higher interest rate to offset the provider's increased risk.
In most cases, the interest and fees paid on this type of business loan are considered a business expense and are therefore tax deductible. However, it is always best to consult with your accountant to confirm how this applies to your specific financial situation.
An unsecured line of credit is granted based on your business's cash flow and creditworthiness alone, making it faster to arrange. A secured facility is backed by an asset, like property. This reduces the provider's risk, which often results in a lower interest rate and a higher funding amount.
One of the key advantages of this credit line is speed. After initial approval, you can typically draw down funds and have them in your business bank account within a few hours, making it an excellent tool for managing unexpected expenses or opportunities.
If you use a finance professional or a comparison service, they are typically paid a commission by the provider you choose to proceed with. This fee is not an extra cost added to your loan; it is a standard part of how the industry operates. A reputable service provides broker transparency and focuses on finding you the most suitable business loan for your needs.
What Happens After Your Loan Has Been Approved
Once you have digitally signed the loan documents, the provider will activate your facility. You will receive clear instructions on how to access your funds, which is typically done through a secure online portal. You can then draw down any amount you need, up to your approved amount, and the funds are usually transferred to your business bank account within hours. From there, you are free to use the capital for your intended business purposes. Your first repayment will be scheduled according to your agreement, and you will receive regular statements detailing your balance, interest charges, and payment history.
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Our promise: no credit score impact