Line of credit for small businesses
Keep cash flow moving with flexible funding you can access whenever your business needs it.
Requesting a quote has no impact on your credit score.
About
What is a business line of credit?
A business line of credit gives you access to funds up to a set limit, and you only pay interest on what you use. As you make repayments, either automatically or manually, your available balance goes back up, ready for future use.
Lines of credit can be secured or unsecured, and fee structures vary between lenders.
Typical uses
- Renovating your business premises
- Moving to a new location
- Buying inventory
- Hiring and paying employees
- Buying equipment
- Increasing working capital
- Covering marketing costs
- Making tax payments
Eligibility
You may be eligible for a Business line of credit if your business:
0 of 3 ready. Tick what you already have.
Specific criteria can vary between lenders and products.
Requesting a quote has no impact on your credit score.
- Smoothing out cash flow during slow periods or unexpected costs
- Covering a large project before the invoice is settled
- Buying stock in bulk without tying up cash elsewhere
- Funding a growth opportunity when it comes up
- Covering a tax bill when it lands
You may be eligible for a line of credit if your business:
- Has an active ABN or ACN
- Is registered and operating in Australia
- Has been trading for at least 6-12 months
Specific criteria can vary between lenders and products.
Why it works
The benefits of business lines of credit
Access funds whenever you need them
Draw down without a new application each time you need cash.
Only pay interest on what you use
Interest applies to the amount you've drawn, not your full limit.
Unsecured options available
Many lenders offer lines of credit without requiring collateral.
Build your business credit score
Responsible use and on-time repayments can help strengthen your credit profile.
Simple, fast application process
Get approved quickly with minimal paperwork.
- If I needed a larger limit, would I have an asset to offer as security?
- Have I compared how rates and fees stack up against other options?
- Am I willing to sign a director's guarantee if a lender asks for one?
- Larger loans may require collateral.
- A lower credit score could result in higher interest rates.
- Most lenders require a director’s guarantee.
Business line of credit
Key features
- Loan amount
- $5,000 – $1,000,000
- Term
- 3 months – 5 years
- Speed
- 24 – 48 hours
Requesting a quote has no impact on your credit score.
Getting started
How to apply for a business line of credit
Step 1: Get a quote
Tell us what your business needs and get quotes from 95+ bank and non-bank lenders.
Step 2: Get approved
Confirm your quote and we'll manage the application with your lender, so you can focus on running your business.
Step 3: Get funded
Sign your finance documentation and receive funding. It is that simple.
Requesting a quote has no impact on your credit score.
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Awards & key milestones
Our milestones are a testament to the amazing people behind Valiant.
Our panel
95+ business lenders
in your back pocket
- All lenders
- Equipment
- Vehicle
- Working capital
- Invoice
- Trade & supply chain
- Commercial property
- Construction
Why Valiant
Just one simple application.
Let us do the heavy lifting, comparing the panel and negotiating. You get all the options side by side and choose the one that’s right for you.
Dedicated specialists by your side.
You get a personal specialist who knows which lenders suit your industry and how to structure a deal so it actually works for you.
Your credit score, protected.
Explore with no credit check. See all your options, compare them properly, and choose with confidence.
30,000+ SMEs we've worked with.
Construction, hospitality, manufacturing, healthcare. Whatever your business needs, we know how to get it funded with the right loan.
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FAQs
Line of credit vs term loan: Which one is right for you?
A line of credit is a predetermined borrowing amount that you can use, repay, and use again (up to a set limit), while a term loan is a lump sum payment for one-time use, with a fixed repayment schedule.
Business line of credit vs credit card: What’s better?
A line of credit works similarly to a business credit card—you withdraw funds whenever necessary and only pay interest on what you use. However, credit cards are often unsecured, whereas with a line of credit, you have the option to go for a secured loan. As a result, interest is likely to be lower, and you may end up being able to borrow more money than with a credit card.
Can a new business get a line of credit?
A new business can get a line of credit, but it may be more challenging than for more seasoned companies. There are some things you can do to increase your chances—for example, if you own property, you can use it as security. Or, you can start by getting a business credit card and working on improving your financial profile until you're eligible for a line of credit.
How much business line of credit can I get?
With a business line of credit, you can access anywhere from $5,000 to $1,000,000.
What are the requirements for a business line of credit?
Every business line of credit lender has different requirements, and each application form will have its own set of questions. Typically, you need to have consistent monthly revenue, a strong credit history, and business activity statements.
For most business loans, you can also expect to provide business registration details, financial, tax and cash flow statements, and balance sheets.
What is a business line of credit?
A business line of credit gives you access to funds up to a set limit, which you can tap into whenever you need to, only paying interest on the amount that you use. The funds are available to you for a specific period of time, within which you can withdraw whatever amount you need.