Business Overdraft
Borrow up to $500k and only pay interest on the funds you use.
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Overview
Benefits of a business term loan
Learn how the Dynamoney Business Term Loan could benefit you. Whether you need to purchase stock, invest in new technology or purchase additional assets, be confident in growing your business without reducing your control with Australia’s leading business lenders.
Accessing a business term loan also means that you are not delving into your own personal equity and allows you to free up cash from somewhere else in the business, so you can finally start that project you’ve delaying.
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Large borrowing amounts
Apply to borrow from $20k up to $500K if you’re a property owner.
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Fixed repayments
Have peace of mind knowing what your repayments will be over the life of your business term loan.
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Funding where you need it
We can transfer the funds you require directly to your designated account, even if it’s a different one.
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Flexible terms
Our repayment options range from one to five years, allowing you the flexibility to pay off your loan ahead of schedule and reduce interest costs.
At a glance
Our fees explained
The information you need to know. Review the interest fees and charges for our business term loans.
- Loan term 2-5 years
- Documentation fee $495
- Max. loan amount $500,000
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2-5 years
Loan term
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You must also pay back the outstanding principal
- $495 Documentation fee
- Max. loan amount $250,000
Further rates, fees and charges apply and will vary based on your loan terms and eligibility.
Business loan calculator
Estimate your business term loan repayments
To calculate your indicative repayments based on your loan size and term of the loan, why not try our business loan calculator.
Your estimated repayments
$/ Estimate for borrowing and paying it off over
Total Amount Payable
$
Total Interest Payable
$
Ready to apply?
Our team will process your application in as little as an hour. All you need to do is meet the eligibility criteria below.
The interest rate may vary based on your information and our credit assessment. Loan terms may be restricted to 24 months for non-property owners. You may request weekly, fortnightly or monthly repayments.
Eligibility
What you need to apply
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You must:
- Be over the age of 18
- Have a legitimate business requirement that the funds are for
- Have bank statements from the past 6 months
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Considerations
- You must be ABN/GST registered for at least 12 months
- You must have a clear credit history with no dishonours
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Documents required
- Australian drivers licence or passport
- Bank statements up to 6 months. We accept PDF bank statements with corresponding CSV file. Additional financials may be required.
How Do Business Term Loans Work?
Short on cash? As leading business lenders we can help. A business term loan can be a good solution to help you continue to meet your cash commitments and provide financial security. As a business owner, you may be looking to secure business term loan financing to expand or invest, whatever the case may be, a loan for a business helps achieve all this. With many benefits for small and medium sized companies, here are our top 4.
Business Term Loan Benefits
- Maintain control of your business
Taking out a business term loan allows you to keep full control of your business. Unlike borrowing equity, banks and financiers do not get involved with any aspect of running your business. This means owners can retain full management over the company’s day-to-day operation while still gaining the benefits of extra cash. - Low interest rates and flexible repayment options
Due to the rise in competition, most business lenders offer reasonable interest rates on business loans. Of course, interest rates that banks charge will vary from customer to customer, however most non-bank lenders offer a fixed interest rate. Some financiers offer a fixed payback amount that is agreed upon by the borrower prior to loan repayments, making the upfront total cost immune to interest rate fluctuations. - Fast approval and availability of funds
Many lenders have the capability to approve your loan within minutes and provide you with access to funding within 24 hours of approval. Having those funds readily available can help you with your business-related expenses so that you can get on with the business of your business, be confident in your ability to grow and expand while still having access to short term cash. - No collateral required
Provided you meet the eligibility criteria, business loans are usually offered without the demand for collateral. This is an attractive benefit for business owners who may not possess many assets. Business term loans also require minimal documentation, making the application process fast and easy.
- Interest is based on a yield above the RBA Cash rate. The RBA cash is published on www.rba.gov.au. Documentation fees apply. Terms and conditions apply. Contact our team on 1300 001 420 for further details.
Ready to apply?
Speak with one of our business lending specialists.
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Dynamoney
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L5, 88 Phillip Street
Sydney, NSW 2000
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Melbourne, VIC 3000
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Eight Mile Plains, QLD 4113
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Australian Credit Licence: 521900