Fixed-term business loans from $5K to $500K. Rates, eligibility, worked examples and documents needed. Written by John Pierre Saliba, MFAA accredited broker.
Get my indicative quote → Call 02 8046 3933A business loan is a fixed-term lump sum. You borrow a set amount, repay it over an agreed term with fixed weekly or monthly repayments. The facility closes when the balance hits zero. Unlike a business overdraft, you cannot redraw once repaid.
Through the OverdraftMe lender panel, business loans range from $5,000 to $500,000. Terms run from 3 to 36 months. Under $150,000, you do not need tax returns or property security.
| Feature | Detail |
|---|---|
| Facility size | $5,000 to $500,000. Use the borrowing calculator for a personalised estimate. |
| Interest rate | 12% to 24% p.a. (fixed) |
| Term | 3 to 36 months |
| Repayment | Fixed weekly or monthly instalments |
| Trading history | 6 months minimum |
| Min monthly revenue | $6,000 in business bank deposits |
| Credit score | Equifax 550 or above |
| Property security | Not required under $150,000 |
Not sure if you qualify? Check eligibility here.
Loan amount: $100,000
Term: 24 months
Interest rate: 18% p.a. (fixed)
Weekly repayment: ~$524
Total interest over 24 months: ~$54,500
Total cost of the loan: ~$154,500
See real settled deals on the results page.
Want to see numbers for your business? Get your indicative quote. Takes 2 minutes. No credit check.
Need revolving access instead of a lump sum? See the Business Overdraft Factsheet. An overdraft lets you draw and repay repeatedly without reapplying.
Need funds today? See the Fast Business Loan Factsheet for same-day options.
Accountant behind on your tax returns? See the No Tax Returns Factsheet for bank-statement-only approvals.
For ongoing working capital needs, see the Working Capital Loan Factsheet.
OverdraftMe serves all states and territories. Speak to a broker in Melbourne, Sydney, or Perth.
A fixed-term lump sum. You borrow a set amount, repay over an agreed term with fixed weekly or monthly repayments. The facility closes when repaid. Unlike an overdraft, you cannot redraw.
$5,000 to $500,000 through the OverdraftMe lender panel. Amount depends on monthly revenue, credit score, trading history, and purpose. Use the borrowing calculator for an estimate.
Fixed rates from 12% to 24% p.a. depending on credit profile, amount, and term. Rates are locked at approval. Your repayments do not change. See the full rate breakdown.
No. Under $150,000, most lenders require only 6 months of bank statements, an ABN, and a driver's licence. See the No Tax Returns Factsheet for more.
Decisions from 1 hour during business hours. Same-day funding is available for straightforward applications submitted before midday.
Equipment, vehicles, fitouts, hiring, stock, marketing, or any planned investment where you know the amount upfront.
A business loan gives you fixed repayments and a clear end date. An overdraft gives revolving access with interest only on what you draw. Loans suit one-off purchases. Overdrafts suit ongoing cash flow gaps. See the Business Overdraft Factsheet for comparison.
Still have questions? Call John Pierre on 02 8046 3933 or see all FAQs.
General information only. Not financial advice. Credit subject to lender assessment. All rates, fees and terms quoted are indicative only and subject to change based on your individual circumstances, credit profile and lender policy at the time of application. Past approvals do not guarantee future results. OverdraftMe is a credit representative of Lend & Loan Pty Ltd (ACL 511092).
Same content as above, in a 2-page PDF you can email or print. Written by John Pierre Saliba.
2 minutes. No credit check. No commitment. 50+ lenders compared.
Get my quote - 2 minutes → 02 8046 3933 John Pierre Saliba · Credit Representative of Lend and Loan Pty Ltd · ACL 511092 · MFAA · AFCA