By John Pierre Saliba · April 2026 · OverdraftMe
You don't need 2 years of trading to get a business overdraft in Australia. Non-bank lenders will consider businesses from just 6 months old, assessing your application on bank statements - not historical tax returns you haven't had time to file yet.
From 6 months trading. No tax returns needed. 2-minute check.
Check if I qualify →The big four banks (CBA, NAB, ANZ, Westpac) typically require 2+ years of trading history, lodged tax returns, and financial statements. If your business is under 2 years old, you simply don't have the paperwork they want - regardless of how well the business is performing.
This is the #1 frustration for new business owners. Your business might be turning over $50K/month with healthy cash flow, but the bank won't look at you because you haven't filed a second tax return yet.
| Requirement | Banks | Non-bank (via OverdraftMe) |
|---|---|---|
| Trading history | 2+ years | From 6 months |
| Tax returns | 2 years required | Not required |
| Financial statements | Required | Not required |
| What they assess | Historical financials | 6 months bank statements - actual cash flow |
| Decision speed | 4-6 weeks | 1-24 hours |
That's it. No tax returns, no BAS, no accountant-prepared financials.
The lender's view: if your business bank account shows consistent deposits of $6K+/month over 6 months, that's enough evidence that the business is viable. Bank statements tell the real story - better than a tax return from 18 months ago.
As a newer business, your initial facility will typically be 0.75-1x your average monthly revenue. So if you're depositing $20K/month, expect a facility of $15K-$20K to start. After 6-12 months of using and repaying the facility responsibly, many lenders will offer a limit increase.
No credit check to enquire. No obligation.
Check eligibility → Call 02 8046 393350+ lenders. From 6 months trading. Free broker service.
Apply now →