A $75,000 business overdraft hits the sweet spot for mid-size Australian SMEs - substantial working capital without requiring property security. Here's exactly what it costs and how to qualify.
Get a free quote - 60 seconds →A $75,000 business overdraft provides serious working capital for Australian SMEs. It's large enough to cover multiple payroll cycles, fund significant materials purchases or bridge substantial invoice-to-payment gaps - yet remains well under the $150,000 threshold where property security becomes a factor.
| Cost component | Bank | Non-bank |
|---|---|---|
| Interest rate | 8-15% p.a. | 14-28% p.a. |
| Establishment fee | $750-$2,250 | $750-$2,250 |
| Line fee (annual) | $750-$1,500 | $375-$1,500 |
| Interest on $75K drawn 30 days at 20% | - | $1,233 |
| Interest on $30K drawn 30 days at 20% | - | $493 |
| Amount drawn | Rate | Weekly interest cost | Monthly interest cost |
|---|---|---|---|
| $15,000 | 18% p.a. | $52 | $222 |
| $25,000 | 18% p.a. | $87 | $370 |
| $40,000 | 20% p.a. | $154 | $658 |
| $60,000 | 20% p.a. | $231 | $986 |
| $75,000 | 20% p.a. | $288 | $1,233 |
| Criteria | Requirement |
|---|---|
| Monthly revenue | $50,000-$75,000+ |
| Trading history | 6-12 months minimum |
| Credit score | Equifax 550+ |
| Property security | Not required |
| Tax returns | Not required |
| Documents needed | 6 months bank statements, ABN, driver's licence |
No property security needed: A $75,000 facility is well below the $150,000 threshold. Non-bank lenders approve this size on an unsecured basis - no caveat over your home or investment property required.
OverdraftMe specialises in business overdrafts from $10,000 to $500,000. Free broker service - we are paid by the lender, not you.
Get a free quote →If you draw the full $75,000 for 30 days at 20% p.a., the interest cost is approximately $1,233. You also pay a line fee of around $750/year. You only pay interest on amounts actually drawn - not the full limit.
Most non-bank lenders require monthly revenue of approximately $50,000-$75,000 for a $75,000 facility. Lenders typically approve up to 1-1.5x your average monthly revenue.
No. A $75,000 facility is well below the $150,000 threshold where property security is typically required. Non-bank lenders approve $75,000 overdrafts on an unsecured basis.