Business loans
SME Business Loans
Annual turnover of less than $50 million? You may be eligible to access a loan of up to $1 million under Phase 2 of the Government’s Coronavirus SME Guarantee Scheme.
Applications are now open for small and medium-sized enterprises (SMEs).
- Secured and unsecured loans1
- Terms of 3 or 5 years
- Available to both new and existing Westpac customers.
Learn more about SME Business Loans
Vehicle & equipment finance
When you don't want to use cash flow to purchase new assets.
- Business vehicle finance: Buy, hire or lease the latest model without tying up your cash
- Business equipment finance: Buy, hire or lease - the choice is yours when it comes to financing plant and equipment.
Business overdrafts
Provides cash flow relief with funds to cover business expenses, such as invoices and wages until you’re paid.
- Unsecured Business Overdraft: Up to $75k. No asset security taken. Director's Guarantee required for Corporate borrowers
- Secured Business Overdraft: Secured by residential, commercial or rural property.
Business loans
Great for purchasing an existing business or franchise, or investing to grow.
- Westpac Business Loan: Borrow from $20,000 and choose between a fixed rate or variable rate with flexible repayments.
- Bank Bill Business Loan: A loan with flexible options designed for customers seeking more than $250,000.
Important information
Read about changes affecting some business and equipment finance contracts entered into, renewed or varied since 12 November 2016.
Need some help?
Articles to help you make a decision on the business loan that's right for you:
Things you should know
1. Unsecured available up to $75,000. Director guarantees may be required.
Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for product details.