A $200,000 business overdraft is a serious working capital facility for established Australian businesses. At this level, you'll access more competitive rates - but property security is typically required. Here's the complete picture.
Get a free quote - 60 seconds →A $200,000 business overdraft is designed for established Australian SMEs with strong monthly revenue. At this level, you're typically running a business turning over $150,000-$250,000+ per month - construction companies, recruitment firms, manufacturing operations, multi-site hospitality groups or large trade businesses.
| Cost component | Bank | Non-bank |
|---|---|---|
| Interest rate | 8-13% p.a. | 10-24% p.a. |
| Establishment fee | $2,000-$6,000 | $2,000-$6,000 |
| Line fee (annual) | $2,000-$4,000 | $1,000-$4,000 |
| Interest on $200K drawn 30 days at 16% | - | $2,630 |
| Interest on $100K drawn 30 days at 16% | - | $1,315 |
Better rates at $200K: Larger facilities attract more competitive pricing. Lenders actively compete for $200K+ deals, and property security reduces their risk - both factors work in your favour on rate negotiations.
| Amount drawn | Rate | Weekly interest cost | Monthly interest cost |
|---|---|---|---|
| $50,000 | 14% p.a. | $135 | $575 |
| $75,000 | 14% p.a. | $202 | $863 |
| $100,000 | 16% p.a. | $308 | $1,315 |
| $150,000 | 16% p.a. | $462 | $1,973 |
| $200,000 | 16% p.a. | $615 | $2,630 |
At the $200,000 level, property security is almost always required by non-bank lenders. This is not a negative - it's actually an advantage:
| Criteria | Requirement |
|---|---|
| Monthly revenue | $150,000-$200,000+ |
| Trading history | 12+ months preferred |
| Credit score | Equifax 550+ (600+ preferred) |
| Property security | Typically required (registered charge) |
| Tax returns | Not required (non-bank) |
| Documents needed | 6 months bank statements, ABN, driver's licence |
OverdraftMe specialises in business overdrafts up to $500,000. We'll find the best rate and structure for your $200K facility. Free broker service.
Get a free quote →If you draw the full $200,000 for 30 days at 16% p.a., the interest cost is approximately $2,630. Line fees are typically $2,000-$4,000 per year. At the $200K level, rates tend to be more competitive as lenders compete for larger facilities.
Yes - at $200,000, property security is almost always required. This typically means a registered charge (caveat) over residential or commercial property. The good news: property security often unlocks better rates than unsecured facilities.
Most lenders require monthly revenue of $150,000-$200,000+ for a $200,000 facility. Strong businesses with higher revenue and longer trading history will find approval more straightforward.