Getting a business loan approved today is realistic through non-bank lenders. While banks take weeks, non-bank lenders make decisions in 1-4 hours based on your bank statements. Here's exactly what you need to do to get approved within 24 hours.
The 24-hour approval checklist
- Check your credit score first. Go to getcreditscore.com.au (free, no impact on your score). You need 550+ for most lenders.
- Download 6 months of bank statements. Log into your business internet banking and export the last 6 months as PDF. Have this ready before you apply.
- Have your ABN and driver's licence handy.
- Apply through OverdraftMe before 11am. This gives the lender a full business day to assess and approve.
- Answer your phone. Your broker will call within 30 minutes. The faster we connect, the faster we submit.
- Sign the contract promptly. Once approved, the lender sends a contract. Sign and return immediately for same-day funding.
What can delay approval?
- Bank statements not covering the full 6 months
- Applying after 2pm (lender credit teams wind down)
- ATO debt without a formal payment plan in place
- Multiple recent credit enquiries on your file
- Not answering the broker's call quickly
OverdraftMe submits to ONE lender only - the best match for your profile. One application, one credit enquiry. This protects your credit score and speeds up the process.
How much can you get approved for today?
Non-bank lenders typically approve 1-1.5x your average monthly revenue. If your business deposits $30K/month, expect approval for $30K-$45K. Facilities go up to $500K for businesses with strong revenue. Use our borrowing calculator for an instant estimate.
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Get approved today.
Apply before 11am. Funded by close of business.
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