Westpac and our Founder Partnerships
Find out how we can help Founder Partnership members startup and scaleup with exclusive offers and benefits.
How Westpac can help
Loan for Startups
We’re the only major bank that will lend to startups. We don’t require 2 years of financials, just a solid business plan.
Find out more below or enquire via the link above.
Loan for Scaleups
Find out how much you can borrow after just a 10 minute conversation and enjoy a simpler and faster application process. Enquire above.
Member benefits
Members of Founder Partnerships can get VIP access to specialist startup and scaleup bankers, so you can get a heightened level of support and service.
Specialist bankers
Our specialist bankers bring deep experience across the startup and scaleup landscape. They’ve supported countless founders to start and scale. Enquire above and one of our specialists will be in touch.
Our Startup and Scaleup specialists
Michelle Kervin
With over 25 years’ experience in financial services, including 17 years at Westpac, Michelle is a specialist banker supporting startups and scaleups to grow with confidence. Holding a Bachelor of Commerce (Business Law and Economics), she bring strong commercial acumen and deep expertise in tailored banking and lending solutions. She’s passionate about helping businesses achieve sustainable growth.
Jimmy Lew
With 15 years in banking with Westpac across retail and business banking, Jimmy brings deep expertise to supporting startup and scaleup businesses. Over the past three years, he has focused on helping founders navigate growth and funding, with a strong emphasis on building trusted, long-term relationships that evolve alongside their business.
Sukhmani Lehal
With over 11 years’ experience in finance, Sukhmani brings strong credit expertise, sound judgement and a deep understanding of business needs. Deeply committed to helping small and medium businesses grow with confidence, she builds trusted, relationships and consistently places customers at the centre of every interaction. Sukhmani combines expertise with integrity, accountability and empathy to deliver consistent, high-quality support.
What can a business loan for startups be used for?
Buying more equipment
From computers and stationery to larger industry-specific equipment. Get the equipment you need.
Setting up your workspace
Whether you’re setting up a home office or leasing a retail space, we’re here to help get you up and running.
Marketing your business
Attract more customers with social media marketing and build a website to grow your sales.
Investing in tech
Get set up with quality software systems so that you can save time and run your business efficiently.
Prepare your business plan for a loan application
You only need a business plan and forecast when you apply. Take your next step with our business plan guidance.
At a glance
ABN must be under 2 years old
Borrow $10k-$50k
No asset security needed1
$0 monthly fee2
Loan terms of up to 5 years
Requires a Westpac Business One Transaction Account
Flexible repayment options
Eligibility
You must:
- be a business entity or an individual 18 years and above; and
- be an Australian citizen or permanent resident
- require the funding for business or investment purposes other than investment in residential property; and
- meet the credit criteria and credit policy requirements under an applicable offer for this product.
- have a Westpac Business One Transaction Account to receive loan funds
- own a business that has operated for less than 2 years. Your ABN must be registered for less than 2 years
- provide a cashflow forecast, either via our template (XLS 87KB) or an accountant certified cashflow copy of your own
- submit a business plan with your application. Need help with creating a business plan? Check out our guide.
Build your business plan
Use our guide to write your plan and remember to include:
- What your business does
- Your target market
- Your business’ projected cashflow or forecasted profit and loss, provided via our template (XLS 87KB) or an accountant certified cashflow copy of your own
- Your market competitors
- Long-term business outlook
- Demonstrate either industry knowledge or how you have monetised your product sales previously
Scaleup with ease: Discover your borrowing power in a 10 minute chat
Have a chat with one of our specialist bankers to get a clearer understanding of your options and your borrowing power.
- Want to borrow between $10k and $5m?
- Looking for a business loan, business overdraft or vehicle and equipment finance?
We can help. Just have these documents handy:
- Latest annual financial statements or business tax return
- 12 months' business activity statements from the ATO
- Signed copy of your lease agreement (only required for property investments)
Why choose this path:
- Borrow up to $5mil with fewer financials compared to a full application pathway
- Business Activity Statements (BAS) can be used for lending up to $1.5m
- You may be able to borrow up to $500K without property as security
- Available for Business Loan, Business Overdraft, Equipment Finance and Insurance Premium Finance
Refer to the lending pathways conditions for more detail
Things you should know
Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for more details.
Any tax information described is general in nature and it is not tax advice or a guide to tax laws. We recommend you seek independent, professional tax advice applicable to your personal circumstances.
1. Guarantees may be required.
2. Other fees and charges may apply.