At a glance
| Facility | Revolving limit |
|---|---|
| Interest | Charged only on the drawn balance |
| Assessment | Business bank statements |
| Drawdowns | Fast, once approved |
| Security | Usually unsecured |
How business line of credit work
Some businesses don't need a lump sum. They need a buffer that's there when a big order lands, a customer pays late or a quiet month hits.
A line of credit does that. Once it's set up, drawing funds takes minutes, so the next surprise doesn't need a new application.
Who it suits
- Seasonal or lumpy cash flow
- Wholesalers and trades buying materials ahead of payment
- Businesses that want a standby buffer
- Owners tired of reapplying for every short-term need
How it works
- Check eligibility60 seconds online, with no credit score impact.
- Connect your bank statementsA secure, read-only link that takes a few minutes. No tax returns.
- Get a decisionOften within hours, with repayments set out clearly.
- Get fundedIn as little as 2 hours after approval.
What you'll need
- Driver licence
- An active ABN and 6+ months trading
- Read-only access to your business bank statements
- A few basic business details
Not needed: No tax returns, financial statements or property.
A wholesaler buying ahead of the Christmas rush
A Melbourne homewares wholesaler draws on its line of credit every September to buy Christmas stock, then repays it through November and December as retailers pay. There's no new application each year, and interest is paid only for the weeks the money is used.
Frequently asked questions
How is a line of credit different from a business loan?
A loan gives you a lump sum with fixed repayments. A line of credit gives you a limit you can draw, repay and redraw, paying interest only on what's outstanding.
Can I get a business line of credit with bad credit?
Possibly. We focus on recent trading in your bank statements. A thin or bruised credit file doesn't automatically rule you out.
How quickly can I draw funds?
Once your facility is approved and set up, drawdowns are typically available within hours.
Does it cost anything to apply?
No. There's no cost to apply or check your eligibility. All costs are set out in writing in your loan offer before you sign anything.
Will checking my eligibility affect my credit score?
No. Our 60-second eligibility check doesn't make a credit enquiry. A credit check is only done later, with your consent, if you decide to proceed.
