Business Overdraft
Asset Funder will help you find
the perfect Unsecured Business Loan
What Is a Business Overdraft?
A business overdraft is a flexible cash flow facility in the form of a credit line, allowing unlimited withdrawals and repayments. Businesses can use the funds as needed and repay at their convenience without penalties. Interest is charged only on the daily outstanding balance, not on the full overdraft limit.
Uses of a Business Overdraft
A business overdraft is commonly used for:
Managing working capital
Purchasing inventory
Funding business development
Covering business expansion expenses
Eligibility Criteria
To qualify for a business overdraft, your business generally needs:
- At least 12 months of trading history
- Minimum monthly turnover of $10,000
- GST registration
What you should know about Business Overdraft
What kind of Businesses Apply for Business Overdraft?
- Wholesalers
- Retailers
- Manufacturing
- Food and beverage
- Professional services
- Automotive
- Technology
You can apply for either a secured or unsecured business overdraft. A secured overdraft requires the business owner to provide an asset as collateral, often resulting in better loan terms. An unsecured overdraft does not require any collateral.
Why Seek Business Financing through Business Overdraft?
- Provides a flexible line of credit linked to the transaction account
- Allows repayments at the borrower’s convenience, as long as it stays within the approved credit limit
- Unsecured overdrafts can be approved without any collateral
These advantages make business overdrafts a popular financing option, particularly for SMEs in Australia.
How Can It Benefit Your Business?
A business overdraft offers several advantages, including:
- Quick access to funds, enabling smooth management of expenses and payments
- Steady cash flow to support business growth and expansion
- Immediate availability of funds to settle outstanding bills without waiting for pending invoices to clear
- Ability to pay suppliers on time, helping negotiate better payment terms and discounts
Why choose Asset Funder for business success?
Competitive
terms
We prioritise our customers’ best interests by securing business loans on the most competitive terms.
- Expert structuring and presentation of complex deals
- Supported by a team of qualified Chartered Accountants, CPAs, and experienced finance brokers
Small business specialists
With more than 15 years of experience in small business financing, we provide tailored financing solutions by connecting small businesses with a network of over 90 lenders.
Customer satisfaction
Our clients’ testimonials reflect the quality of our service. You can view their reviews to see their
experiences with us.
Clear communication
We value your time and never give false promises. Transparent and straightforward communication is at the core of everything we do.
