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Business Line of Credit

Whether you’re seeking to purchase inventory or cover short-term cash needs, a line of credit loan can help. Get the financial flexibility to keep business running smoothly and moving forward.

With a business line of credit, you can use a revolving credit limit to pay for any business expenses or ongoing costs. With a business overdraft, you can get ongoing access to funds whenever you need it.

At Realloans Australia, we’re committed to helping sole traders and small business succeed. With access to a good list of lenders, we can help you with line of credit.

Business Line of Credit

LOC Requirements

  1. Minimum 6 Months in Business
  2. Active ABN or ACN
  3. Minimum $5,000 monthly revenue
  4. 6 Months Business Bank Statement
  5. Identification such as your driver licence or passport

Business Line of Credit Features

  • Loan amount from 5000 to 500,000
  • Loan term from 3 month to 24 months
  • Funding in 24 hours*
  • No hidden fees or charges
  • Secured & unsecured options
  • Fixed or variable interest rates

What is a Business Line of Credit?

A business line of credit or business overdraft is a type of business loan that allows a sole trader, company or trust to borrow money as needed, up to a certain limit. The business can use the overdraft to cover short-term cash needs, such as paying bills or making purchases. The borrower is only required to pay interest on the amount of money that they actually borrow, rather than the full credit limit.

Business line of credit can be a useful for businesses that need flexible access to financing. It can also be a good option for businesses that have irregular cash flow or that need to make a series of smaller purchases over time.

Business Loan with Realloans

Expert Business Loan Brokers

We have one of the best business loan brokers that provide every customer a personalised service depending on their individual needs.

30+ Lenders

With a good list of lenders available, RealLoans Brokers will provide you with the business loan option that is best suited for you.

Easy Loan Approval

From first contact to settlement, Realloans broker will guide you throughout your loan process and ensure you have a quick easy loan approval.

Business Overdraft/Line of Credit FAQs

What can I use a line of credit for?

A line of credit can be used for almost any business purpose – including for growth, start-up costs, support business cash flow, purchase inventory, as general working capital and much more.

How long does it take to get a low doc business loans?

It takes from 2 hours to 48 hours to get a business loan with low docs with Realloans Australia.

What is secured versus unsecured line of credit?

Business line of credit can either be secured or unsecured. Secured LOC are guaranteed by an asset, such as a property, vehicle or inventory. On the other hand, an unsecured LOC does not require any security, hence, interest rates on unsecured line of credit are typically higher than that of a secured.

Do you provide line of credit to Start-ups and what document do i need?

If you’re yet to start your business or have recently started trading and don’t have 12 months of trading history, there are a few extra things you may need to provide, including: Cash-flow projections, Business plan, Business contract of sale and Lease agreement.

How do I apply for a Business Overdraft?

To apply for a business overdraft, simply start an application online, provide the identity, 6 months bank statement. We will let you know the outcome of your business loan application.

What is the limit of my line of credit?

The limit of business line of credit will depend on the lender, and your creditworthiness. Lenders will consider factors such as your credit score, the size of your business, and your financial history when deciding how much to lend you.

Types of business Loans we offer in Australia

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