Business Overdraft
What are business overdrafts?
A business overdraft is a flexible lending facility linked to your business bank account, allowing you to withdraw up to an agreed limit. This type of financing is designed to help businesses manage cash flow fluctuations and meet short-term financial needs.
Let’s say you need to restock popular items in your small hardware store for a seasonal sale, but your current cash isn’t enough. You can use this business overdraft facility provided by the lender, which allows you to borrow up to $20,000.
You may withdraw $10,000 from your overdraft to buy the stock. Interest is applied only to the amount you’ve used, not the entire limit. Once you repay the borrowed amount, no additional interest will be incurred.
If this type of financing is something your business needs, we can help you get it from our network of lenders fast and stress-free. Speak with our expert brokers today!
How can you benefit from business overdrafts?
Flexibility in cash flow
Overdrafts help cover short-term expenses or unexpected costs without disrupting your operations.
Only pay for what you use
You're charged interest only on the overdrawn amount, which is more cost-effective if you only need small amounts intermittently.
Immediate access to funds
Once your overdraft is set up, you can address urgent financial needs immediately.
Easy of use
Overdrafts are often linked directly to your business bank account so you can integrate them into your financial management system seamlessly.
With 50+ lenders at your fingertips, you have the power of choice
When you set out on your own seeking a loan, banks have the power to reject you. But with us on your side, it’s the other way around. We choose the most suitable loan for your unique needs.
You’re only 3 steps away from your financial goal
Step 1
Reach out to us and let’s discuss your situation and what kind of loan you need.
Step 2
Sit back and relax while we search our network to find the perfect loan for you.
Step 3
Choose the best loan that suits your needs. Then we’ll submit a foolproof loan application to secure your financing.
Why Lend & Loan
10 years of experience
We’ve been doing this for a decade, so we’ve built strong connections with lenders and we know their lending policies inside out. This helps us find the right loans that suit your needs.
One-touch approvals
We know exactly what banks and other lenders require from the get-go. We’re experts at putting together foolproof loan applications that lenders approve without further questions.
Accessibility
We’re not like your typical 9-5 mortgage brokers. You can reach us when you need us, and we’ll get back to you within four hours.
Efficient processes
We understand that you’re busy, so we keep things simple. We try to avoid in-person meetings to save you time and make the loan process easy and stress-free.
Don’t take our word for it, take theirs.
We’ve helped hundreds of Australians
get approved for a loan and achieve their financial goals. Hear it from our
happy clients.
John has been absolutely brilliant! Helped me all the way through the application process and explained everything step by step. Great to have him in my corner navigating through interest rates, products, etc. Thank you!
- Peter Hanna
John and the team at Lend & Loan have been great through the process of our loan application. They were very responsive and always made my wife and I confident we were in the right hands. Highly recommended.
- Luke Saide
John from Lend & Loan was incredible during the process of buying our first home. He was very professional, quick at responding and was happy to answer any questions we had. I would highly recommend him to all my friends & family.
- Rachelle Obierzynski
John has been amazing to deal with from the beginning. He has been extremely patient, professional and optimistic throughout the whole process with our application and we can’t thank him enough for all his hard work! Highly highly recommend him. Thank you again!
- Maryanne Layoun
