By John Pierre Saliba - April 2026 - OverdraftMe
The easiest business loan to get in Australia is an unsecured business overdraft or line of credit from a non-bank lender. Minimum requirements: 6 months trading, $6K/month revenue, Equifax 550+, and 6 months of bank statements. No tax returns, no property, no financials. Decisions from 1 hour.
Minimum requirements. Maximum speed.
Check eligibility → Call 02 8046 3933| Loan type | Ease of approval | Min trading | Docs needed | Speed |
|---|---|---|---|---|
| Unsecured overdraft/LOC (non-bank) | Easiest | 6 months | Bank statements + ID | Same day |
| Unsecured term loan (non-bank) | Easy | 6-12 months | Bank statements + ID | Same day |
| Merchant cash advance | Easy | 6 months | Bank/EFTPOS statements | 1-3 days |
| Invoice finance | Moderate | 6-12 months | Invoices + bank statements | 3-7 days |
| Bank unsecured loan | Hard | 2+ years | Full financials + BAS | 2-4 weeks |
| Bank secured loan | Hardest | 2+ years | Full financials + property | 4-8 weeks |
That's it. If you meet those five criteria, you have a strong chance of approval with at least one lender on our panel of 50+.
The single biggest mistake business owners make: applying to 3-4 lenders directly, getting declined by each one, and ending up with multiple credit enquiries that make the next application even harder. Use a broker. One application, one enquiry.
Yes. Over 60% of businesses we fund were previously declined by a bank or another lender. A decline from one lender doesn't mean you can't get approved by another - different lenders have different criteria. Read our full bank-declined guide.