Eligibility, rates, costs, worked examples and what documents you need. Written by John Pierre Saliba, MFAA accredited broker.
Get my indicative quote → Call 02 8046 3933A business loan assessed on bank statements only. No tax returns, no BAS, no financial statements required. Designed for businesses that are new (6 to 24 months old), behind on lodgements, had a bad year on paper, or want a faster process without waiting for their accountant.
Through the OverdraftMe lender panel, bank-statement-only loans go up to $500,000 over 3 to 36 months. The lender assesses your actual cash flow in the bank, not what your tax return says.
| Feature | Detail |
|---|---|
| Facility size | Up to $500,000. Use the borrowing calculator. |
| Interest rate | 14% to 25% p.a. |
| Term | 3 to 36 months |
| Documents | 6 months bank statements only. No tax returns. |
| 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: $75,000
Term: 18 months
Interest rate: 20% p.a. (fixed)
Weekly repayment: ~$524
Total interest: ~$16,300 over 18 months
Tax returns provided: Zero. Approved on bank statements alone.
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? See the Business Overdraft Factsheet. Also available without tax returns under $150K.
Have tax returns ready? A standard Business Loan may offer lower rates.
Need it urgently? See the Fast Business Loan Factsheet.
Smaller facility? See the Small Business Overdraft Factsheet.
OverdraftMe serves all states and territories. Speak to a broker in Sydney, Melbourne, or Canberra.
Yes. Under $150,000, most lenders on the OverdraftMe panel assess on 6 months of bank statements. No tax returns, no BAS, no profit and loss.
They assess your actual cash flow in the bank. If $6,000+ per month is landing consistently, that tells them more than a tax return from 18 months ago.
Up to $500,000 through the OverdraftMe panel. Amounts above $150K may need property security but still no tax returns.
14% to 25% p.a. fixed. Rates vary based on credit score, amount, and term.
Yes. Being behind on lodgements is one of the most common reasons people use this product. The lender does not need your filed returns.
Decisions in 1 to 4 hours. Same-day funding for complete morning applications.
6 months of business bank statements, an ABN, and a driver's licence. That is the complete list under $150K.
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.
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Get my quote - 2 minutes → 02 8046 3933 John Pierre Saliba · Credit Representative of Lend and Loan Pty Ltd · ACL 511092 · MFAA · AFCA