Business Overdraft
A business overdraft is a line of credit that becomes available when you make any withdrawal for an amount greater than the balance in your business debit account. But, instead of asking a bank for this type of credit, you can ask us instead and we’ll deposit that money directly into your bank account.
Amount
~ $2,000 – $100,000
Speed to Funding
24-48 hours
Do I qualify for an overdraft?
If your monthly turnover is more than $6,000 and you have over 6 months trading history, you’re ready to go.
You need an active ABN, business bank account details & driver licence details (plus business financials for loans over $150,000).
Do I need a business overdraft?
In the olden days, you used to have to beg your bank for an ‘overdraft’ in your account, which would mean that you can go into ‘credit’ below the ‘zero dollars’ amount and then you would pay the bank back the money with extra interest.
Now-a-days, you can just apply to us for Business Funding instead. Once approved from one of our dozens of lending partners, we simply deposit the money directly into your bank account. Job sorted. No need to beg your bank for money any more. Let’s go. We’re ready when you are.
