OverdraftMe is a business finance specialist brought to you byLend & Loan ↗·50+ lenders on panel · Based in Drummoyne, Sydney · ACL 511092
Home › Business Loan Australia - Up to $500K, No Tax Returns Needed
Business loan broker
The capital to grow your business
A business loan gives you a lump sum upfront - fixed repayments, predictable budgeting, and the funds to make a move on that next big opportunity. We find the right lender for you.
Equipment & fitoutsPurchase machinery, vehicles, fit out new premises without draining operating cash.
Hiring & expansionFund a new hire, open a second location, or scale your team ahead of growth.
Stock purchasesBuy bulk inventory at better pricing - repay from the revenue it generates.
Marketing investmentLaunch a campaign, build a new website, or invest in growth you can measure.
Debt consolidationRefinance existing high-interest debt into a single manageable repayment.
Which is right for you?
Business loan vs business overdraft
Both products serve different needs. Here's how to know which one suits your situation.
Business loan
One amount, one purpose
You receive the full approved amount upfront and make fixed weekly repayments. Best when you have a specific planned investment and want predictable outgoings.
Lump sum - full amount upfront
Fixed weekly repayments
Terms from 3 months to 5 years
Best for planned, one-off investments
Easy to budget around
Business overdraft
Flexible, revolving access
Draw what you need, repay, draw again. Only pay interest on what you use. Best for ongoing cash flow management and having a financial buffer on hand.
Revolving - draw and repay repeatedly
Interest only on amount drawn
2–5 year facility term
Best for cash flow and working capital
Flexible drawdown anytime
Not sure which one? Tell us your situation and we'll recommend the right product. Talk to us →
How it works
From enquiry to funded
We handle the entire process - from matching you to the right lender through to settlement.
01
📋
Tell us what you need
Fill in a short enquiry - takes 2 minutes. Tell us your business, how much you need, and what it's for. No credit check at this stage.
02
🔍
We find your best match
Our brokers review your details and match you to the most suitable lender from our panel of 50+. We know which lenders suit which profiles.
03
💰
Funds in your account
We submit the application and liaise with the lender on your behalf. Most clients receive a decision within 24 hours and funds the same day.
Business loan at a glance
Maximum loan amount
$500,000
Minimum trading history
6 months
Min. monthly turnover
$6,000
Loan terms available
3 months – 5 years
Repayment frequency
Weekly
Decision time
Within 24 hours
Security required under $150K
None
Broker fee to you
$0 - free
Lenders on panel
50+
Eligibility
Do you qualify?
Here's what lenders generally look for. Full policy detail is in our FAQ.
Business loan interest rates in Australia range from 12% to 35% p.a. for unsecured term loans through non-bank lenders, and 5.99% to 12% for secured bank loans. The rate depends on security, credit profile, revenue, trading history, and term length.
Unlike overdrafts where interest is only on the drawn amount, a term loan charges interest on the full balance from day one. Rates tend to be slightly lower than overdraft rates because the lender has repayment certainty. Full rate comparison 2026.
All interest is tax deductible. At 25% company tax, 18% effectively becomes 13.5%.
Business loan vs business overdraft
Choose a loan when: You're buying equipment, a vehicle, funding a fitout, purchasing a business, or covering any one-off expense with a known amount.
Choose an overdraft when: Your cash flow needs are ongoing and unpredictable - payroll, suppliers, BAS, seasonal gaps.