Business Loan Approved Today - How to Get Funded Within 24 Hours

Getting a business loan approved today is realistic through non-bank lenders. While banks take weeks, non-bank lenders make decisions in 1-4 hours based on your bank statements. Here's exactly what you need to do to get approved within 24 hours.

If speed is the whole brief, start with our fast business loan page for rates, limits and the same day funding process.

The 24-hour approval checklist

1. Check your credit score first. Go to getcreditscore.com.au (free, no impact on your score). You need 550+ for most lenders.
2. Download 6 months of bank statements. Log into your business internet banking and export the last 6 months as PDF. Have this ready before you apply.
3. Have your ABN and driver's licence handy.
4. Apply through OverdraftMe before 11am. This gives the lender a full business day to assess and approve.
5. Answer your phone. Your broker will call within 30 minutes. The faster we connect, the faster we submit.
6. Sign the contract promptly. Once approved, the lender sends a contract. Sign and return immediately for same-day funding.

What can delay approval?

• Bank statements not covering the full 6 months
• Applying after 2pm (lender credit teams wind down)
• ATO debt without a formal payment plan in place
• Multiple recent credit enquiries on your file
• Not answering the broker's call quickly

How much can you get approved for today?

Non-bank lenders typically approve 1-1.5x your average monthly revenue. If your business deposits $30K/month, expect approval for $30K-$45K. Facilities go up to $500K for businesses with strong revenue. Use our borrowing calculator for an instant estimate.

Related

• Same-day business loan
• Fast approved business loan
• Apply for a business overdraft online
• Documents needed