Fast Business Loan Factsheet 2026

What is a fast business loan?

A fast business loan is a short-term fixed loan with accelerated approval. Decisions from 1 hour. Same-day funding for complete applications submitted in the morning. Designed for urgent needs: supplier payments, ATO bills, emergency repairs, or time-sensitive opportunities.

Through the OverdraftMe lender panel, fast business loans range from $5,000 to $300,000 over 3 to 18 months. The same credit criteria as a standard business loan, but with lenders that prioritise speed.

Key facts

Feature	Detail
Facility size	$5,000 to $300,000. Use the borrowing calculator.
Interest rate	15% to 26% p.a.
Term	3 to 18 months
Speed	Decisions from 1 hour, same-day funding available
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

See if you qualify in 2 minutes →

Who is a fast business loan for?

Urgent supplier payment due today or tomorrow
ATO debt or tax bill with a hard deadline
Emergency equipment repair that cannot wait for a bank process
Time-sensitive opportunity (stock deal, contract deposit)
Common industries: electricians, plumbers, civil contractors, and more

Eligibility at a glance

Core criteria for the OverdraftMe lender panel:

ABN active for 6+ months
Monthly revenue $6,000+ (shown on bank statements)
Equifax credit score 550+
No property security required under $150K
ATO debt on a payment plan is OK

Not sure if you qualify? Check eligibility here.

How it works

Step 1: Check eligibility60-second online form. No credit check. Tells you in a minute whether you are in range.
Step 2: 15-minute call with JohnDiscuss your needs, facility size, and which lender fits. One application, one credit enquiry.
Step 3: Upload 6 months of bank statementsFull document list under $150K. No tax returns, no BAS, no financials.
Step 4: Decision and fundingLender decision typically 1 to 4 hours. Funds available same day for morning applications.

Start my application → Talk to John directly

What documents you need

6 months of business bank statements (PDF or CSV from your bank)
ABN confirmation or ASIC extract
Driver's licence (front and back)
Over $150K: may need property details or additional financials

Worked example

$50,000 fast business loan

Loan amount: $50,000

Term: 12 months

Interest rate: 20% p.a. (fixed)

Weekly repayment: ~$1,152

Total interest: ~$9,900 over 12 months

Timeline: Applied 9am, approved 11am, funded by 3pm

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.

Compare with other products

Need ongoing revolving access? See the Business Overdraft Factsheet.

Not urgent? A standard Business Loan may offer lower rates over longer terms.

No tax returns? See the No Tax Returns Factsheet.

For ongoing cash flow, see the Working Capital Loan Factsheet.

Guides and resources

Available Australia-wide

OverdraftMe serves all states and territories. Speak to a broker in Sydney, Newcastle, or Gold Coast.

Frequently asked questions

How fast can I get a business loan?

Decisions from 1 hour. Same-day funding for complete applications submitted before midday. Speed depends on having documents ready.

How much can I borrow with a fast business loan?

$5,000 to $300,000 through the OverdraftMe lender panel.

Are fast business loan rates higher than standard rates?

15% to 26% p.a. fixed. Faster lenders tend to charge slightly higher rates to offset their speed of service.

Do I need financial documents for a fast loan?

No. Under $150,000, most lenders need only 6 months of bank statements, an ABN, and a driver's licence.

What can I use a fast loan for?

Anything business-related: supplier payments, ATO bills, emergency repairs, stock, payroll, or a time-sensitive opportunity.

Can I apply outside business hours?

You can submit your application any time. Lender decisions are processed during business hours, so morning submissions get same-day results.

Is a fast loan more expensive than a standard loan?

Rates are slightly higher (15-26% vs 12-24%). The trade-off is speed. If timing is not critical, a standard Business Loan may cost less.

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).