Business line of credit

Australian business may from time to time need access to extra funds to face temporary cash-flow difficulties.
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Business line of credit

A business line of credit helps a business to be back on track.
  • From $5k – $100k
  • No minimum amount
  • Flexible term
  • Interest-only on the amount draw down
  • Set up within 1-2 days
  • Product approval lasts for 12 months before reassessment is required

Please fill out the contact form. Our experienced finance brokers will get in touch with you to discuss your needs

What is a business line of credit?

A business line of credit is a flexible lending solution. The lender gives a predetermined credit limit as per the business need. An interest rate applies only to the amount borrowed. Compared to other small business loan options, the borrower does not receive the full loan amount at once, but it is granted a borrowing limit to cover small business expenses.

  • Manage fluctuations in cash flow
  • Pay staff wages
  • Cover unpaid invoices
  • Buy urgent stock
  • Manage late-paying customers
  • Pay suppliers

Business line of credit: benefit

The primary benefit of a business line of credit is the fact that the interest applies only when the business withdraws a sum of money from the agreed borrowing limit.

(100% free consultation – not affecting you credit score)

or call us now

1300 911 621

Business line of credit: other benefits

Compare to a credit card, a business line of credit has a higher credit limit
Compared to a credit card, the interest rate applied is lower
Relatively easy to access
Flexible and ready to be used when necessary

Business line of credit: how to apply

At Lending Connect we have developed a one to one approach that allows us in 99% of the cases to get the money in our clients’ bank account within 1 day from the application. With our network of 50+ business loan providers, we open credit opportunities for your business.

We help you through the process, and we put you in contact with the lender that offers the type and size of business loan that meet your needs. Our partners assist eligible small businesses with a business line of credit.

Lending Connect is the preferred and trusted finance broker for hundreds of small and medium local businesses in Australia. It all starts with an enquiry. Call us 1300 911 621 or click on “get started now” and we call you back to see if you qualify for a business line of credit.

Our lenders usually require a combination of the below as a part of an application:

01

Bank statements

02

Balance sheet

03

Income statements

(100% free consultation – not affecting you credit score)

or call us now

1300 911 621

Business line of credit

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