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 small business overdraft is a revolving line of credit sized for sole traders and micro businesses. Facilities from $5,000 to $100,000. Lower revenue thresholds than standard overdrafts. Designed for businesses 6 to 12 months old or with monthly revenue from $6,000.
Through the OverdraftMe lender panel, small business overdrafts start at $5,000. This is the same revolving product as a standard business overdraft, just sized for smaller operations.
| Feature | Detail |
|---|---|
| Facility size | $5,000 to $100,000. Use the borrowing calculator. |
| Interest rate | 18% to 25% p.a. (drawn balance only) |
| Term | Revolving, no fixed end date |
| Line fee | 1% to 2% p.a. on the approved limit |
| Trading history | 6 months minimum |
| Min monthly revenue | From $6,000/month |
| Credit score | Equifax 550 or above |
| Property security | Not required |
Not sure if you qualify? Check eligibility here.
Facility limit: $30,000
Amount drawn: $15,000
Interest rate: 22% p.a. (drawn balance only)
Weekly interest cost: ~$63 on the $15K drawn
Line fee: ~$450/year on the $30K limit
Undrawn cost: $0 interest on the remaining $15K
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 more than $100K? See the standard Business Overdraft Factsheet for facilities up to $500K.
No property? See the Unsecured Overdraft Factsheet.
Need a lump sum instead? See the Business Loan Factsheet.
No tax returns? See the No Tax Returns Factsheet.
OverdraftMe serves all states and territories. Speak to a broker in Brisbane, Gold Coast, or Newcastle.
A revolving line of credit from $5,000 to $100,000. Same product as a standard business overdraft, sized for sole traders and micro businesses.
From $6,000 per month in business bank deposits. That is lower than most bank thresholds.
Yes. The OverdraftMe lender panel includes lenders that accept businesses from 6 months ABN age. Banks typically require 2+ years.
18% to 25% p.a. on the drawn balance only. No interest on undrawn funds.
No. Under $100K, most lenders need only 6 months of bank statements, an ABN, and a driver's licence.
Decisions in 1 to 4 hours. Same-day funding for complete morning applications.
Yes. After 3 to 6 months of good conduct (no defaults, consistent revenue), most lenders offer limit increases without a full reapplication.
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