I Need a Business Overdraft - Where Do I Start?

If you need a business overdraft, you're in the right place. OverdraftMe is Australia's specialist business overdraft broker. We compare 50+ lenders, handle the paperwork, and get you funded - often within 24 hours. Here's exactly what to do.

Do I qualify?

Most Australian businesses with the following can get approved:

• 6+ months trading - you don't need 2 years. From 6 months with consistent revenue, you have options. Read more.
• $6,000+/month revenue - this is the minimum most non-bank lenders will consider.
• Equifax score 550+ - lower than banks require (typically 600+). Read more.
• ABN and driver's licence - that's the documentation. No tax returns, no BAS, no financials.

What if I don't tick every box?

• Bad credit? Over 60% of our clients have imperfect credit. Non-bank lenders look at the full picture. Read our guide.
• No property? No problem. Unsecured facilities up to $500K. Read more.
• ATO debt? ~60% of our approvals involve businesses with ATO debts. A payment plan in place helps. Read more.
• Bank declined you? Non-bank lenders have completely different criteria. Read our guide.
• New business? From 6 months trading. Read more.
• Sole trader? Same criteria, same process. Read more.

How much can I get?

Most non-bank lenders approve 1-1.5x your average monthly revenue. So if your business deposits $50K/month, you could qualify for $50K-$75K. Facilities go up to $500K for businesses with strong revenue. Use our borrowing calculator.

How fast can I get funded?

Decisions from 1 hour. Same-day funding is common for straightforward applications. We've settled facilities in under 4 hours for urgent cases. Read about same-day funding.

What will it cost?

Three cost components: interest on what you draw (14.55%-25% p.a.), a line fee on the total limit (1-2% p.a.), and a one-off establishment fee ($0-$995). All costs are tax deductible. Full fee breakdown here.

Are there industries that can't get an overdraft?

Some industries are restricted by most lenders - including adult entertainment, gambling, cryptocurrency, and firearms. See the full list of restricted industries.

Why OverdraftMe?

We're Australia's only specialist business overdraft broker. We don't do home loans, car finance, or personal loans - just business overdrafts. That focus means deeper lender relationships, better approval rates, and faster funding for every client. See our recent results - $760K+ funded across 8 businesses.