What can a business line of credit be used for?

Common uses include bridging cash flow gaps between invoicing and payment, covering wages and supplier costs, purchasing stock or materials ahead of busy periods, managing BAS, GST or superannuation payments, handling unexpected repairs or expenses, and having a standby facility available for opportunities as they arise. Most lenders are flexible on usage as long as it is for a legitimate business purpose.

How quickly can a business line of credit be approved?

Many non-bank lenders can assess your application and provide a decision within one to two business days. Some offer same day decisions for straightforward applications. Once approved and documents are signed, funds can often be drawn immediately or within 24 hours depending on the lender.

Can I get a business line of credit with bad credit?

In some cases, yes. Certain lenders on our panel focus on your current trading performance and cash flow rather than relying solely on your credit history. If your business is trading consistently and the facility is affordable based on your cash flow, you may still be eligible even with past defaults or late payments on your file.

What do I need to apply for a business line of credit?

You will generally need a valid ABN, at least six months of trading history, recent business bank statements covering three to six months, and ID for directors or business owners. Some lenders also require BAS statements or basic financials. The process is mostly online and designed to be straightforward without requiring full audited accounts.

How much can my business access with a line of credit?

Facility limits typically range from $10,000 to $500,000 depending on the lender, your business turnover, trading history and whether the facility is secured or unsecured. Most non-bank lenders will size the facility based on your average monthly turnover and recent bank statement activity.

What is the difference between a line of credit and a business loan?

A business loan gives you a lump sum upfront with fixed repayments over a set term. A line of credit gives you ongoing access to funds up to an approved limit that you can draw and repay as needed. If your business has regular, repeating cash flow gaps rather than a single large expense, a line of credit is usually the more flexible and cost-effective option.

How does a business line of credit work?

A business line of credit gives you access to an approved pool of funds that you can draw from whenever you need and repay when your cash flow allows. It is a revolving facility, so once you repay what you have used, that amount becomes available again without a new application. You only pay interest on the amount you have drawn down, not the total facility limit.

Business Line of Credit - End Your Cash Flow Gaps for Good

Business line of credit that gives you cash flow on tap, not a fixed lump sum you don't yet need

If your business invoices on 30, 60 or 90 day terms while suppliers and wages need paying weekly, a term loan is the wrong tool. A business line of credit gives you a facility you draw on only when you need it, pay back as receivables land, and redraw without reapplying. You pay interest on what you’ve drawn, not on a fixed lump sum sitting idle. It’s the cash flow tool most Aussie business owners wish they’d set up years before they actually did.

Our brokers compare lines of credit across our panel and arrange a facility sized to your turnover and trading position. Most non-bank lenders need six months of business bank statements, not two years of audited financials, so it’s faster and less painful than going through a big bank. One application, one broker, multiple lender options. Our service is free for you, we’re paid by the lender. If you’d rather a fixed loan with set repayments, unsecured business loans might suit better.

Pay interest only on what you use

Your facility limit is approved and ready, but you only pay interest on the funds you've actually drawn down. Some lenders charge a facility fee on the limit, so we'll show you the full cost before you commit.

Revolving facility, no reapplying

Draw, repay, redraw. Once you've repaid what you've used, the limit refreshes and the funds are ready to go again. No new application each time you draw.

Facilities from $10,000 to $500,000

Sized to your turnover and trading position. Sole traders, partnerships and companies all eligible.

Bridge the gap on slow-paying invoices

If you trade on 30, 60 or 90 day terms, a line of credit smooths the cash flow gap between doing the work and getting paid.

Six months of bank statements, not two years of financials

Most non-bank lenders on our panel assess on recent banking activity rather than full audited accounts. Faster than a bank, less paperwork.

No fees from us

Free for you to apply. We're paid by the lender, not by you. No application fees and no broker fees from us.

Finance type	How you get the money	Interest charged on	Best for	Watch out for
Business line of credit	An approved limit you draw on, repay and redraw as needed	Only the amount you have drawn	Short, repeating cash flow gaps	Facility fees may apply even when unused, and limits are usually reviewed each year
Business overdraft	A limit attached to your business transaction account, usually with a bank	The overdrawn balance	A day-to-day buffer, if your bank will offer one	Larger limits often need property security, and overdrafts are usually repayable on demand
Invoice finance	An advance against your unpaid customer invoices	The amount advanced	B2B businesses with creditworthy customers on 30 to 90 day terms	Only works if you invoice other businesses, and fees can apply per invoice
Unsecured business loan	A lump sum up front	The full loan amount from day one	A one-off cost with a clear payback, such as a fit-out or a large stock order	Fixed repayments start straight away, and most don't allow redraw
Secured business loan	A lump sum secured against property or business assets	The full loan amount from day one	Larger or longer-term needs	The property or assets offered as security are at risk if repayments aren't met
Equipment loan	Funds to buy a specific asset, which secures the loan	The full loan amount from day one	Vehicles, machinery and tech	Tied to that one asset, so it can't cover general cash flow
Business credit card	A revolving card limit	The balance carried after any interest-free period	Small everyday expenses paid off each month	Limits are usually small, and interest adds up fast if you carry a balance

Finance type

How you get the money

Interest charged on

Best for

Watch out for

Business line of credit

An approved limit you draw on, repay and redraw as needed

Only the amount you have drawn

Short, repeating cash flow gaps

Facility fees may apply even when unused, and limits are usually reviewed each year

Business overdraft

A limit attached to your business transaction account, usually with a bank

The overdrawn balance

A day-to-day buffer, if your bank will offer one

Larger limits often need property security, and overdrafts are usually repayable on demand

Invoice finance

An advance against your unpaid customer invoices

The amount advanced

B2B businesses with creditworthy customers on 30 to 90 day terms

Only works if you invoice other businesses, and fees can apply per invoice

Unsecured business loan

A lump sum up front

The full loan amount from day one

A one-off cost with a clear payback, such as a fit-out or a large stock order

Fixed repayments start straight away, and most don't allow redraw

Secured business loan

A lump sum secured against property or business assets

The full loan amount from day one

Larger or longer-term needs

The property or assets offered as security are at risk if repayments aren't met

Equipment loan

Funds to buy a specific asset, which secures the loan

The full loan amount from day one

Vehicles, machinery and tech

Tied to that one asset, so it can't cover general cash flow

Business credit card

A revolving card limit

The balance carried after any interest-free period

Small everyday expenses paid off each month

Limits are usually small, and interest adds up fast if you carry a balance

Business Line of Credit Up to $500K - Flexible Funds You Draw When You Need It

Business line of credit that gives you cash flow on tap, not a fixed lump sum you don't yet need

Pay interest only on what you use

Revolving facility, no reapplying

Facilities from $10,000 to $500,000

Bridge the gap on slow-paying invoices

Six months of bank statements, not two years of financials

No fees from us

Ready to get a line of credit set up?

Which businesses suit a line of credit (and which don't)?

Usually a good fit

Usually not the right tool

How does a line of credit compare with other business finance?

How do you know a line of credit is right for your business?

The six-question line of credit check

Business Finance in 3 Steps

1. Tell us about your business

2. We assess and compare options

3. You decide how to proceed

Eligibility Criteria

Verified Business & Owner

Australian Business

Income & Trading History

Our Lender Panel

Frequently Asked Questions

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Invoice Finance vs Line of Credit: 7 Critical Differences

10 Practical Ways to Solve Business Cash Flow Problems in Australia

Business Line of Credit: 7 Smart Reasons It Fuels Growth

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