Access a revolving line of credit for your business without putting up property or assets. Bank statements only. Decisions from 1 hour. 50+ lenders on panel. Free broker service.
Check my eligibility - 60 seconds →An unsecured business overdraft gives your business access to a revolving line of credit without requiring property, equipment or any physical asset as security. Unlike bank overdrafts that require you to already be a customer, specialist non-bank lenders assess your application based entirely on your business cash flow - making unsecured overdrafts faster, more accessible and available to far more businesses.
An unsecured business overdraft is a pre-approved credit limit your business can draw down from whenever needed, repay as cash comes in, and draw again - without reapplying. Interest is charged only on the amount you've drawn, not the full limit. It's the most flexible working capital tool available to Australian SMEs.
The "unsecured" part means no property, equipment or other physical asset is required as collateral. Your business's cash flow and credit history serve as the basis for approval.
| Facility size | Security required | Decision time | Documents needed |
|---|---|---|---|
| Up to $150,000 | None - fully unsecured | As fast as 1 hour | Bank statements, ABN, ID |
| $150,001 – $500,000 | Property security required | 24–48 hours | Bank statements, ABN, ID + property docs |
The actual amount offered depends on your average monthly revenue. Most lenders will approve a facility of 1–2x your monthly turnover. A business with $50,000/month revenue may be offered $50,000–$100,000 unsecured.
| Criteria | Requirement |
|---|---|
| Trading history | 6+ months |
| Monthly revenue | $6,000+ per month |
| Credit score | Equifax 550+ |
| Bank statements | 6 months business bank statements |
| Property security | Not required under $150K |
| Tax returns | Not required |
| Maximum unsecured amount | $150,000 |
| Unsecured | Secured | |
|---|---|---|
| Property required | No | Yes |
| Maximum amount | Up to $150,000 | Up to $500,000 |
| Interest rate | Higher (14–30% p.a.) | Lower (8–15% p.a.) |
| Approval speed | 1 hour | 24–48 hours |
| Documents needed | Bank statements + ID | Bank statements + property docs |
| Risk to personal assets | Lower | Higher |
For most SMEs needing under $150,000, an unsecured overdraft is the better choice - faster approval, no asset risk, and the interest rate difference is often justified by the speed and flexibility.
Once approved, your unsecured overdraft operates like a flexible financial buffer:
| Unsecured Overdraft | Business Loan | Business Credit Card | |
|---|---|---|---|
| Revolving | Yes | No | Yes |
| Interest on drawn amount only | Yes | No | Yes |
| Property required | No | Sometimes | No |
| Maximum amount | Up to $150K unsecured | Up to $500K | Typically under $50K |
| Reapplication required | No | Yes | No |
| Tax deductible interest | Yes | Yes | Yes |
Take a $100,000 limit where you draw $30,000 for three weeks to cover wages, then repay. At an indicative 19% p.a. on the drawn balance, interest on $30,000 for three weeks is roughly $328. You also pay a line fee on the full limit, say 1.5% p.a. on $100,000, which is about $29 a week whether you draw or not. The point: you pay nothing in interest on the $70,000 you never touched. That is the structural advantage over a term loan. Model your own scenario in the repayment calculator. Figures are indicative and subject to lender assessment.
No property required · No tax returns · Decisions from 1 hour · Up to $150K unsecured · ACL 511092
Check my eligibility →A revolving line of credit for your business that doesn't require property or assets as security. Approval is based on your business cash flow. You draw down when needed and repay as revenue comes in - interest is charged only on what you use.
Up to $150,000 unsecured through OverdraftMe's lender panel. The actual amount depends on your monthly revenue - typically 1–2x your average monthly turnover.
No. Specialist non-bank lenders require only 6 months of business bank statements, your ABN and a driver's licence. No tax returns, BAS or financial statements needed.
Through OverdraftMe's lender panel, decisions are returned in as little as 1 hour during business hours. Same-day funding is possible for complete applications submitted in the morning.
A minimum Equifax score of 550 is typically required. This is fair credit - not excellent. Revenue consistency and bank statement health carry more weight than credit score alone.
Yes - completely free. OverdraftMe is paid by the lender on settlement. There is no cost to your business at any stage of the application process.
Often yes. A formal ATO payment plan is generally acceptable to non-bank lenders, and roughly 60% of our approvals involve a managed ATO debt or a prior bank decline. See the approval guide.
They are close cousins. Both are revolving and charge interest only on the drawn balance. An overdraft is typically linked to your transaction account and reviewed annually; a line of credit is a standalone facility. For most SMEs the practical difference is small.