Typical uses
- Maintaining a cash buffer to cover overheads
- Covering large upfront job costs with ease
- Buying stock in bulk to access discounts
- Funding business growth
- Managing tax debts
- Smoothing out cash flow during seasonal income fluctuations
Line of credit for small businesses
A line of credit lets you access funds as needed. As you make repayments, your available balance goes back up, ready for future use.
Requesting a quote has no impact on your Credit Score.
What is a business
line of credit?
With a business line of credit, you get access to funds up to a set limit, and only pay interest on what you use—making it a handy financial safety net. You can draw from it when needed to manage cash flow, handle unexpected expenses, or jump on new opportunities. 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. Some lenders only charge interest on what you use, while others could add setup or maintenance fees.
More about business lines of credit
Eligible assets
Common industries
- Construction
- Transport and logistics
- Retail
- Hospitality and events
- IT services
- Creative and media agencies
Eligibility
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.
Get a quote
Requesting a quote has no impact on your credit score.
The benefits of business lines of credit
Flexible access to funds
Use it whenever you need—perfect for managing cash flow ups and downs.
Only pay interest on what you borrow.
You’re not charged for the full limit, just what you use.
Unsecured options available.
Many lenders offer lines of credit without requiring collateral.
Build your business credit score.
Responsible use and on-time repayments can boost your credit profile.
Simple, fast application process.
Get approved quickly with minimal paperwork.
Flexible access to funds
Use it whenever you need—perfect for managing cash flow ups and downs.
Only pay interest on what you borrow.
You’re not charged for the full limit, just what you use.
Unsecured options available.
Many lenders offer lines of credit without requiring collateral.
Build your business credit score.
Responsible use and on-time repayments can boost your credit profile.
Simple, fast application process.
Get approved quickly with minimal paperwork.
Flexible access to funds
Use it whenever you need—perfect for managing cash flow ups and downs.
Only pay interest on what you borrow.
You’re not charged for the full limit, just what you use.
Unsecured options available.
Many lenders offer lines of credit without requiring collateral.
Build your business credit score.
Responsible use and on-time repayments can boost your credit profile.
Simple, fast application process.
Get approved quickly with minimal paperwork.
Things to consider before applying
Potential drawbacks to be aware of
- Some lenders require a longer business history to approve a line of credit.
- You could be charged fees.
- Larger loans may require collateral.
- A lower credit score could result in higher interest rates.
- Most lenders require a director’s guarantee.
Questions to ask yourself
- Does my business have ups and downs in income but steady bills to pay?
- Am I planning to grow or invest in your business but unsure how much funding I’ll need?
- Could having extra cash now help boost revenue or profit?
- Do I feel confident in my future income and ability to repay a loan?
- Do I want to consolidate outstanding accounts, invoices, or debts?
At a glance
MAXIMUM LOAN AMOUNT
$1,000,000
MINIMUM LOAN AMOUNT
$5,000
SPEED
Fast
INTEREST RATE
14%+
MAXIMUM LOAN TERM
5 Years
MINIMUM LOAN TERM
3 Months
Requesting a quote has no impact on your Credit Score.
Potential lenders
How to apply for a business line of credit
STEP 1: GET A QUOTE
Tell us about your business loan needs and immediately receive quotes from over 90+ bank and non-bank lenders.
STEP 2: GET APPROVED
Confirm your quote and we handle your business loan approval so you can focus on what matters—your business.
STEP 3: GET FUNDED
Sign your finance documentation and receive funding. It is that simple.
Get a quote
Requesting a quote has no impact on your credit score.
What sets us apart
DIY business loans
Lender access
Access to 90+ lenders matched to your business profile
Limited to the lenders you can find
Expert guidance
A lending expert is with you every step of the way
No expert help- you're on your own to understand requirements and loan options
Time investment
One single application
Multiple applications and follow-ups with different lenders
Matching accuracy
Our product-matching software combined with human insight pairs you with best-fit lenders
Trial and error- may apply to several lenders who aren't suitable
Application process
Streamlined, digital, and guided
Manual and varies across lenders
Approval speed
Funding in as little as 24 hours
Slower, as each lender has its own process
Chances of approval
Higher chance of approval with tailored lender matching
Risk of rejection when applying with the wrong lender or product
Understanding loan terms
Our lending experts make sure you fully understand the terms before you say yes
You’ll need to interpret lender jargon and fine print yourself
How we help fuel your business growth
ONE APPLICATION TO 90+ LENDERS
We simplify business finance by handling the hard work. Complete a quick form or speak with a specialist, and we’ll match you with the right solution from 90+ lenders—often within 24 hours.
PERSONALISED SUPPORT
Our expert brokers cover all areas of commercial finance. From your first quote to settlement and beyond, you’ll have a dedicated broker by your side—ready to support your funding needs now and in the future.
BUILT FOR AUSTRALIAN SMEs
Since 2015, we’ve helped over 30,000 Australian SMEs across every industry access $3 billion in funding—supporting them through challenges and unlocking new opportunities.
Learn more about business lines of credit
FAQ's
What is a business line of credit?
What are the requirements for a business line of credit?
How much business line of credit can I get?
Invoice finance vs line of credit: Which one fits your needs?
Can a new business get a line of credit?
Business line of credit vs credit card: What’s better?
Line of credit vs term loan: Which one is right for you?
Hear from our clients
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Awards & key milestones
Our milestones are a testament to the amazing people behind Valiant.
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