Small business loans
Compare our secured and unsecured business loans, business overdrafts, and business finance.
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
Unsecured Business Overdraft
A flexible line of credit for expenses and cash flow, helping you smooth out the peaks and troughs of business.
- Simple online application
- Apply for up to $75,000 unsecured finance meaning you don't have to provide asset security. (Director's guarantees may be required)
- Available to existing business customers.
Apply online
Business Overdraft
Expand your business by using 'extra' funds.
- Access additional funds up to an agreed limit
- Can help cover wages, invoices and other expenses during cash flow shortfalls.
- Unsecured (guarantee may be required), or secured by real property2
Business Overdraft
Business Loan
Take the next step in your business plan.
- Great for purchasing an existing business or franchise, or investing to grow.
- Unsecured (guarantee may be required), or secured by real property2.
Business Loan
Business Equity Access
- Choose between a line of credit for flexibility or a loan to grow your business
- Option to pay interest only
- Ideal short term finance option
- Secure against residential or commercial property.
Business Equity Access
Insurance premium finance
Make lump sum annual insurance premiums a thing of the past by paying with monthly instalments.
- Available to businesses with annual total insurance costs over $5,000.
Insurance premium finance
Looking for other ways to finance your business purchases?
Things you should know
1. Unsecured available up to $75,000. Director guarantees may be required.
2. Real property in the form of residential, commercial or rural property.
Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for product details.