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Business Loans

Business Loans

 

We offer a range of flexible business loans to help you grow your business, upgrade equipment and manage cash flow. Review and compare our range of business loans and finance options.

Vehicle and equipment finance

Finance for all your business equipment and vehicle needs using the asset as security.

  • New vehicle or specialised equipment
  • Tailored repayments
  • Potential tax benefits.1

Special offer

Get $225 off the Establishment fee on new Vehicle and Equipment Finance business loans (excluding novated leases).#

Applications must be approved by 30 June 2019. Conditions apply.

Small business loan

A term loan to purchase, start or grow your business.

  • Borrow from $20,000
  • Fixed or variable rate options
  • Flexible repayment structures.

Unsecured commercial overdraft

A term loan to purchase, start or grow your business.

  • Access up to $50K additional funds in your business transaction account
  • No fixed term, pay what you can, when you can - as long as the overdraft stays under the limit
  • No security required for the overdraft.

Business Maximiser

  • Seeking less than $1m
  • Solving cash flow shortages
  • Financing growth and expansion.

A business line of credit giving you flexibility to take advantage of business opportunities. Includes online access to monitor or make payments and export transactions to your accounting software.

  • Helps to cover business expenses during cash flow shortfalls
  • Borrow money up to an agreed limit and access funds as your needs change
  • Use your residential property as security to get a competitive interest rate.

Commercial overdraft

  • Seeking more than $1m
  • Financial support during cash flow shortfalls
  • Money available to an agreed limit

Provides cash flow relief to cover business expenses until you get paid. Includes online access to monitor or make payments and export transactions to your accounting software.

  • Use it to smooth out ‘dips’ in your cash flow e.g. invoices and wages
  • Reduces the impact of timing differences between incoming and outgoing fundsmoney up to an agreed limit and access funds as your needs change
  • Use your residential property as security to get a competitive interest rate.

 

 

Important information

Read about changes affecting some business, equipment and automotive finance contracts entered into, renewed or varied since 12 November 2016.

Find out more

 


More for your business

 

The Detail

Eligibility criteria applies. Credit criteria, fees, charges, terms and conditions apply and are available on request. Please speak to your business finance specialist to find out more.

1 Things you should know: The taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation. Customers must seek their own independent tax advice in relation to their individual circumstances.

# Establishment fee discount: Information is correct as at 8 April 2019. This offer comprises of $225 off the relevant Establishment Fee on Bank of Melbourne Vehicle and Equipment Finance loans (excluding novated leases). This offer is only available to Business customers for business purposes loans and only for new applications for vehicles and equipment finance which are approved before 30 June 2019. All other fees outlined on the product page and in the Terms and Conditions apply.  This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time.

Bank of Melbourne – A Division of Westpac Banking Corporation ABN 33 007 457 141 Australian credit licence and AFSL 233714.