A Business Line of Credit, Ready When You Need It.
A business line of credit gives you an approved limit to draw from whenever the business needs it. Repay what you use and it is there to use again. We compare lenders to find a facility that fits how your business trades.
Draw, repay and draw again. Fast pre-approval.
Business Line of Credit: Broker vs Going Direct
Broker vs bank,
a real comparison
Funds on standby
Your limit is approved up front, so you can draw on it the day a need comes up without starting a new application.
Pay for what you use
Interest is generally charged on the amount you have drawn, not the full limit sitting in the facility.
A limit sized to your business
We help you set a limit that matches your real cash flow, so you have room to move without carrying more credit than you need.
Secured and unsecured options
We compare unsecured lines of credit and secured facilities, where offering security can open up a higher limit.
The process
How a Business Line of Credit Works
Tell us what you need it for
Let us know how the business trades and what size limit would be useful.
We compare the market
We search our panel for line of credit facilities suited to your industry and position.
Review your options
We set out each option's limit, rate, fees and terms in plain English.
Draw on it as you go
Once approved, the limit is there to draw down, repay and use again.
Business lines of credit, explained plainly.
Step 1 of 5
Understand business lines of credit
A business line of credit is an approved limit the business can draw on whenever it needs funds, rather than a lump sum paid out on day one.
It sits apart from your everyday transaction account. You move money across when you choose to, which keeps the facility separate from your day to day banking.
As you repay what you have drawn, that amount becomes available again, so one facility can cover many needs over the years.
Why choose a business line of credit
The money is already approved. When a supplier offers a bulk discount or a new contract needs funding up front, you can act straight away.
Interest is generally charged on the balance you have drawn rather than the whole limit, so you are not paying interest on money you have not used.
One approval covers repeated needs, which saves applying for fresh finance every time the business hits a gap.
Deciding if a business line of credit fits
A line of credit suits needs that come and go, such as stock purchases, wages between progress payments or a slow month.
If the money is for a single purchase like a vehicle or machine, asset finance or a term loan with set repayments is usually the better structure.
If you would rather have a buffer sitting behind your transaction account that covers shortfalls automatically, an overdraft may suit you better.
How to apply for a business line of credit
Have your ABN, how long the business has traded and a list of your current commitments ready before you start.
Be ready to explain what the facility is for and roughly how often you expect to use it, as this helps size the right limit.
One enquiry with us compares lenders on your behalf, so you are not applying with each one separately.
Tips for business lines of credit
Set the limit to cover your real needs, not the biggest figure on offer. A sensible limit is easier to manage and easier to get approved.
Treat it as a revolving facility. If the balance never comes down, the business may need a different structure, such as a term loan.
Review the facility as the business grows. A limit that suited you two years ago may now be too tight or larger than you need.
Business lines of credit at a glance
- An approved limit you draw on as the business needs it
- Interest is generally charged on the drawn balance, not the full limit
- Funds become available again as you repay
- Unsecured and secured options, with security opening up higher limits
- One enquiry compares lenders across our panel
Business Line of Credit Finance for Growing Businesses
Opportunities and bills rarely wait for customers to pay. A line of credit means the money is already approved and sitting there, so you can move when you need to.
Get my quoteA Panel of Lenders
We compare business lenders across our full panel to find the right structure for your operational or growth funding needs.
Fast Assessment
Business loan applications assessed quickly. We aim for pre-approval the same day for straightforward applications.
Multiple Loan Types
Business term loans, overdrafts, lines of credit and capital raise options compared across the panel.
Self-Employed Friendly
We work with lenders who understand business income and assess applications with appropriate flexibility.
Clear Before You Commit
We set out the structure and terms clearly before you agree to anything, so there are no surprises later.
Broker Managed
From enquiry through to settlement, we manage lender communication and application paperwork.
Business Loan Repayment Calculator
Estimate your repayments. Adjust the sliders to match your situation.
Monthly repayment
$1,521
per month
Weekly
$351
Total repayment
$54,759
Estimates only. Your actual rate depends on your profile and lender. Get a real comparison.
Get my quoteAbout the starting rate
6.00% p.a. is a starting point for estimating repayments only. It is not a quote, not an offer of finance, and not a rate available to every applicant. Your actual rate depends on the lender, the asset, the loan term, the loan amount and your circumstances. Adjust to model scenarios.
More Business Finance Options
Match the facility
to the cash flow.
A term loan, an overdraft and a capital raise solve different problems, and choosing the wrong one costs more than choosing the wrong lender. Your broker starts with the shape of the need.
Business Lending Guides
Written by a licensed broker for Australian businesses.
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Who Uses a Business Line of Credit?
Trades and Contractors
Covering materials and wages while waiting on progress payments to come through.
Wholesalers and Importers
Buying stock in bulk when the price is right, then paying it down as the stock sells.
Seasonal Businesses
Drawing on the limit through the quiet months and clearing it when trade picks up.
Professional Services
Keeping wages and overheads covered while client invoices are still outstanding.
Growing Businesses
Having funds ready to say yes to a new contract, hire or opportunity at short notice.
Australian registered business
ABN registered (newer and established businesses, depending on the lender)
Steady business income
Acceptable business credit history
Property or other security if you want a higher limit (optional)
Business Line of Credit FAQs
An overdraft is attached to your everyday transaction account and covers you when the balance runs low. A line of credit is a separate facility you draw from when you choose to, usually by moving funds into your account. Both let you draw, repay and draw again, and we compare both for your situation.
A business loan pays out a lump sum that you repay over a set term. A line of credit gives you a limit to draw from as needed, and once you repay what you have used, the funds are available again.
Generally no. Interest is charged on the amount you have drawn. Some facilities also carry a line fee or other fees on the limit, and we set those out before you commit.
Not always. Unsecured lines of credit are available for eligible businesses. Offering property or other security can open up a larger limit.
Simple applications can be pre-approved the same day. Larger or secured facilities take longer, as the lender may need to value the security.
Usually, yes. A limit increase needs a fresh assessment, and we handle that review for you when the business needs more room.