Business Line of Credit
Get approved for a credit limit, then draw funds only when you need them. Pay interest only on what you use. Repay, and your credit is available again. The ultimate flexible finance solution for Australian businesses with variable cash needs.
Flexible drawdowns. Pay interest only on what you use. Revolving access.
Flexible Finance That Works Like Your Business
Business cash flow is rarely predictable. Some months you have more expenses than revenue. Other months, opportunities pop up that need quick funding. A traditional term loan gives you a lump sum whether you need it all or not - and you pay interest on every dollar from day one.
A business line of credit works differently. You get approved for a maximum limit - say $100,000 - but you only draw what you need, when you need it. If you draw $30,000 for inventory this month, you only pay interest on $30,000. When you repay it, that credit becomes available again.
It is like having a safety net and an opportunity fund rolled into one. Perfect for managing the ups and downs of Australian small business.
Why Choose a Business Line of Credit?
The smart way to manage business cash flow
Pay Interest Only on What You Use
Unlike a term loan where you pay interest on the full amount, with a line of credit you only pay interest on the funds you actually draw.
Revolving Access
Draw funds, repay them, and draw again - up to your credit limit. Perfect for managing variable cash flow needs throughout the year.
Flexible Drawdowns
Access funds whenever you need them, whether it is $5,000 or your full limit. No need to reapply each time.
Quick Access to Cash
Once approved, access your funds within hours. No waiting for loan applications to be processed each time you need capital.
How a Line of Credit Works
Your maximum available credit after approval
What you actually withdraw and use
You only pay interest on what you draw
When you repay the $30k, your full $100k limit becomes available again.
No need to reapply. No new paperwork.
Getting Started is Simple
Apply once, access funds whenever you need them
Apply for Your Limit
Complete a simple application. We assess your business and approve a credit limit based on your cash flow and needs.
Draw When Needed
Access funds anytime up to your approved limit. Transfer to your business account instantly when you need cash.
Pay Interest on Use
Only pay interest on the amount you have drawn. The more you repay, the less interest you pay.
Repay and Redraw
As you repay, your available credit is restored. Draw again whenever your business needs it.
Checking your options won't affect your credit score
Ideal Uses for a Business Line of Credit
A line of credit is perfect for businesses with variable or unpredictable cash needs
Managing Cash Flow
Cover expenses while waiting for customer payments to come in.
Seasonal Businesses
Draw funds in quiet periods, repay when revenue picks up.
Inventory Purchases
Stock up before busy periods or take advantage of supplier discounts.
Unexpected Expenses
Handle equipment breakdowns or urgent repairs without stress.
Growth Opportunities
Move quickly when a business opportunity arises.
Project-Based Work
Cover costs between project milestones or payments.
Line of Credit vs Term Loan
Not sure which is right for you? Talk to our team and we will help you choose.
Eligibility Requirements
Business lines of credit are available to established Australian businesses with consistent revenue.
Credit Limits Available
Smaller facilities for emerging businesses
Most popular range for SMEs
Larger facilities for established businesses
Business Line of Credit FAQs
Everything you need to know about revolving business credit
A business line of credit is a flexible finance facility where you are approved for a maximum credit limit, but you only draw and pay interest on the funds you actually use. Unlike a term loan where you receive a lump sum, a line of credit lets you access funds as needed, repay, and draw again - similar to a business credit card but typically with lower interest rates and higher limits.
With a traditional business loan, you receive a lump sum and...
With a traditional business loan, you receive a lump sum and start paying interest on the full amount immediately. With a line of credit, you have a credit limit available but only pay interest on the portion you draw. A loan has a fixed term, while a line of credit is ongoing and revolving. Lines of credit are ideal for variable or unpredictable cash needs.
Business lines of credit typically range from $10,000 to $50...
Business lines of credit typically range from $10,000 to $500,000 depending on your business turnover, trading history, and financial health. Your approved limit is based on what your business can comfortably service.
Interest rates for business lines of credit vary based on th...
Interest rates for business lines of credit vary based on the lender, your business profile, and whether the facility is secured or unsecured. Rates typically range from 8% to 25% p.a. Remember, you only pay interest on the funds you draw, not your full limit.
Common fees include establishment fees, monthly or annual ma...
Common fees include establishment fees, monthly or annual maintenance fees, and sometimes drawdown fees. Some lenders also charge non-utilisation fees if you do not use the facility. We will explain all fees clearly so there are no surprises.
Both secured and unsecured lines of credit are available. Un...
Both secured and unsecured lines of credit are available. Unsecured facilities do not require property but may have lower limits and higher rates. Secured facilities using property as collateral often have higher limits and better rates.
A business line of credit can be used for any legitimate bus...
A business line of credit can be used for any legitimate business purpose - working capital, inventory purchases, covering cash flow gaps, paying suppliers, marketing, equipment, wages, or seizing opportunities. The flexibility is one of its key benefits.
Once your line of credit is established, you can typically a...
Once your line of credit is established, you can typically access funds within hours or even instantly, depending on the lender. The initial approval process usually takes 1-5 business days.
Still have questions? Contact our friendly team