Business loan for startups
What can a business loan for startups be used for?
Business loan for startups
Borrow between $10k and $50k
No asset security needed1
Monthly fee $02
Loan terms of up to 5 years
Flexible repayment options
Check you’re eligible
You’ll need
- To own a business that has operated for less than 2 years
- To submit a business plan as part of the application
Eligibility
- A business entity or an individual 18 years and above, domiciled in Australia; and
- Requires the funding for business or investment purposes other than investment in residential property; and
- Meets the credit criteria and credit policy requirements under an applicable offer for this product.
Build your business plan
Write your business plan and remember to include:
- What your business does
- Your target market
- Forecasted profit and loss or projected cashflow
- Your market competitors
- Long-term business outlook
- Any relevant industry experience and skills
How to apply
1. Select your loan amount and define its purpose
Decide how much you need and exactly what you will use the funds for
2. Get started with your business plan and prepare your documents
Ensure you are eligible. Gather all your relevant documentation and then create your business plan.
3. Speak to a banker
Once you are ready speak to one of our bankers. They will guide you through the application process.
Apply by calling 13 82 66
Backing more businesses
It's time to level the playing field. Women now represent 36% of small business owners*. We have made a $500 million commitment to back women to start-up and scale-up their business.
Apply by calling 13 82 66
Frequently asked questions
New or existing customers can apply for the business loan for startups.
The Detail
Terms & Conditions, Fees & Charges and Eligibility Criteria will apply.
*According to the Organisation for Economic Co-operation and Development (OECD), women represent around 36 per cent of Australian small businesses owners.
1. Guarantees may be required.
2. Other fees & charges may apply.