
Business loans
Business loans to suit your needs
Benefits of a Westpac business loan
Finance for businesses big and small
Loans to help start up, run or expand your business
Choose your repayment frequency
Tailor how often you want to repay based on your cash flow
Flexible loan solutions
- Choose your loan term and whether to secure you loan with an asset
- Option to redraw available funds.
What can I use a business loan for?
A business loan may suit your business if you need funding for:
- a business acquisition
- startup costs
- capital investment
- property acquisition or development
- refinancing other lending.
Who can apply?
- 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.
Interest rate options
Depending on whether your loan is secured or unsecured, you may have a choice of a fixed or variable rate. You can make interest only or principal and interest repayments.
How to apply
Get ready
Check the eligibility criteria and have your business financials handy.
Get started
Submit an enquiry and we’ll be in touch.
Receive a response
If your application’s approved, you’ll receive a contract to sign.
Start using your loan
The funds will be available around one business day after you return the signed contract.
Turn your side hustle into a business
A business loan for startups could help get your dreams off the ground.
Frequently asked questions
We’ll ask you three important questions when assessing your business loan application.
1. Can you afford the business loan?
We’ll need your financials for the last 2 years. This includes:
- balance sheets
- profit and loss
- tax returns
This information helps us determine whether your business can meet future loan repayments.
2. Can you provide security for your loan?
Unless you’re applying for an unsecured loan, you’ll usually need to secure your business loan with an asset or a form of guarantee. Residential, commercial or rural property is often used as security, but it depends on the type of business.
3. Will you be able to continue making repayments?
We’ll evaluate your business by talking to you about:
- your future plans
- competitor activity
- your suppliers and business contracts.
This helps us determine whether your business will have enough revenue to meet your future repayments.
If you’re starting a new business, you’ll need to provide a detailed business plan with profit and loss forecasting to support your business loan application.
If you’re buying an existing business you’ll need to show profit and loss statements for the last 2 years.
Things you should know
Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for more details.
* Loan amount of up to $3m per customer, with a maximum of $3m in exposure across customer group facilities. Businesses must be operating and profitable for at least two years. Loans only available for purchase of owner-occupied non-specialised commercial property or business expansion. You should consider the increased risks associated with high loan to value ratio borrowing.
1. Eligibility, credit criteria and type of security determine how much you can borrow.
2. Rates vary depending on a number of factors, such as loan term and the type of security provided.
3. Accrues monthly, payable quarterly in arrears. Other fees may apply.
Find out what information you need to provide to become a customer.