ANZ Declined Your Business Overdraft? Non-Bank Options Available

Why ANZ declines business overdrafts

ANZ's GoBiz product offers unsecured overdrafts up to $200K, but requires accounting software integration (Xero, MYOB, QuickBooks) with 6+ months of reconciled data, plus minimum $75K annual turnover and a director who is an Australian citizen or permanent resident.

Their traditional overdraft requires full financial statements, property security for larger amounts, and a more detailed credit assessment.

Common decline reasons

Accounting software data not reconciled or insufficient history
Revenue below ANZ's threshold
Business structure not supported (some trusts, partnerships)
Credit issues - defaults, judgments, or too many recent enquiries
Visa holder directors (GoBiz requires Australian citizen/PR)

If ANZ declined you on accounting software data, non-bank lenders assess from bank statements instead - which many businesses find simpler and faster.

What to do next

Don't apply to another big four bank. Come to OverdraftMe - one application, one credit enquiry, 50+ non-bank lenders. We specialise in getting businesses funded after bank declines.

Full guide: what to do when your bank says no

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