Business Line of Credit
Business Line of Credit without a bank
Line of Credit limit
Up to $1 million
Minimum time in business
Weekly and monthly options
Online application in less than 5 minutes
Please Have the following ready:
ABN, Australian driver’s licence or passport number and bank account details.
Get funded within 24 hours
Once approved by your lender, you can get the capital you need in as little as 24 hours.
Get started today
Business Line of Credit
How does a line of credit work?
A business line of credit works like a credit card. It gives your business access to a pool of funds, up to a limit.
You can withdraw funds when needed and you only have to pay interest on that amount, not the total amount available. With a revolving line of credit, you can reuse the funds once you’ve repaid them, all without having to reapply.
Up to $1 million linked to your business transaction account
Manage cash flow as you need
Only pay interest on funds used
Speak with our business specialists
What is a Line of Credit?
How does the Business Line of Credit work without a transaction account?
What are the eligibility criteria?
Approval is subject to credit assessment, lending criteria and ID verification. You can only apply for this product if:
- You have a valid Australian Business Number (ABN) and residential address in Australia
- Your business is registered for GST and has a turnover of at least $250,000 per annum
- Your business has been in operation for at least 3 years
- Hold an Australian citizenship or permanent residency
- You intend to use the product where the purpose is wholly or predominately for business purposes
- You have a good credit history
What if I don’t qualify for a Business Line of Credit?
Can I request an increase on my line of credit limit?
What is the term of the Business Line of Credit?
We needed finance to renovate our cafe. We couldn’t get a loan from the banks in time to pay for our reno. We found Loanblaster on Google and filled int the form. Within 1 hour We had 3 written quotes from 3 top Unsecured Loan providers. We selected our lender and we had the funds in our bank the next day.
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