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 working capital loan is a short-term fixed loan designed to cover day-to-day operating costs. You borrow a set amount, repay over an agreed term. Best for bridging gaps between paying suppliers and receiving payment, covering stock purchases, payroll, or BAS bills.
Through the OverdraftMe lender panel, working capital loans range from $10,000 to $500,000 over 3 to 24 months. Unlike a revolving overdraft, a working capital loan has fixed repayments and a clear end date.
| Feature | Detail |
|---|---|
| Facility size | $10,000 to $500,000. Use the borrowing calculator for an estimate. |
| Interest rate | 14% to 24% p.a. |
| Term | 3 to 24 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: $50,000
Term: 12 months
Interest rate: 18% p.a. (fixed)
Weekly repayment: ~$1,090
Total interest: ~$6,680 over 12 months
Total cost: ~$56,680
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? See the Business Overdraft Factsheet.
For larger one-off purchases, see the Business Loan Factsheet.
Need it today? See the Fast Business Loan Factsheet.
No tax returns? See the No Tax Returns Factsheet.
OverdraftMe serves all states and territories. Speak to a broker in Melbourne, Sydney, or Adelaide.
A short-term fixed loan for day-to-day business expenses. You borrow a set amount, repay over 3 to 24 months with fixed repayments.
$10,000 to $500,000 through the OverdraftMe lender panel. Amount depends on revenue, credit score, and trading history.
Stock purchases, payroll, BAS payments, supplier invoices, rent, or any operating cost. Not restricted to a specific asset.
14% to 24% p.a. fixed. Rate depends on your credit profile, amount, and term.
No. Under $150,000, 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.
Different tools. A working capital loan gives fixed repayments and a clear end date. An overdraft gives revolving access. See the Business Overdraft Factsheet.
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