Shift Business Finance Review

Get a personalised quote on Shift business finance interest rates and compare them to other small business lenders.

Shift is a specialist lender with a proprietary online platform providing financing and payment options for SMEs in one place. Shift’s technology enables real-time loan processing, and businesses can get a trade account to manage payments to suppliers on their terms. Shift has a team of specialists available to consult.

Shift services all industries, including retail, wholesale, professional services, hospitality, construction, etc.

What are the interest rates on Shift business finance?

Shift’s interest rates vary depending on which product you’re applying for. On a business overdraft or term loan, expect to pay between 14.95% - 23.95% p.a. On overdrafts interest is only charged on funds drawn down, not the entire line of credit.

For an equipment line, rates are slightly lower, ranging from 13.95% - 16.95%.

Who’s eligible for a Shift business loan?

Like most lenders, Shift provides finance to established businesses that can provide business bank statements. Here are the eligibility criteria for most finance products.

Active ABN or ACN: You must operate a business registered in Australia

Minimum annual turnover: $250,000

Minimum trading period: Two years

Good credit score: Required with most finance options

Financial documents: Bank statements for the last six months. For loans over $300,000, you’ll also need to provide a snapshot of the ATO portal

How to apply for finance with Shift in three easy steps

Online application

Enter your business registration information and contact details. Submit all other relevant identification documents like your driver’s licence or passport number.

Link your business bank account

Do this via the proprietary online process for real-time processing. Shift has Relationship Managers on call to answer any questions at any stage of the application process.

Application is assessed

If your application is approved, you’ll get the funds deposited directly into your business bank account within 24 hours.