If you need a business overdraft, you probably need it now. Wages are due, a supplier won't wait, or an opportunity is about to expire. OverdraftMe specialises in getting Australian businesses approved fast - even when banks have said no. We compare 50+ lenders to find the right fit for your situation.
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Get my free quote - 60 seconds →Common reasons businesses need an overdraft urgently
Wages are due
Revenue is coming but it hasn't landed yet. An overdraft bridges the gap so your team gets paid on time, every time.
Supplier payment deadline
Lose the supplier, lose the project. Draw what you need, repay when your invoice clears.
ATO bill landing
BAS, PAYG, super - tax obligations don't negotiate. An overdraft clears the debt and stops the GIC clock.
Growth opportunity
A new contract, bulk stock deal, or equipment purchase that won't wait. Move fast with capital on standby.
Emergency expense
Equipment breakdown, insurance excess, unexpected repair. Handle it without draining your operating account.
Seasonal cash flow dip
Revenue drops every year at the same time. An overdraft smooths the cycle without taking on a fixed loan.
What you need to apply
That's it. No tax returns. No business plan. No financials.
- 6 months business bank statements (PDF from your internet banking)
- Valid ABN (registered and active)
- Driver's licence (for identity verification)
Do you qualify?
| Criteria | Requirement |
|---|---|
| Trading history | 6+ months in Australia |
| Monthly revenue | $6,000+ per month |
| Business type | Sole trader, partnership, company, trust |
| Credit score | Equifax 550+ (flexible with non-bank lenders) |
| Property security | Not required under $150K |
| Tax returns | Not required |
| Facility range | $10,000 - $500,000 |
| Interest rates | From 14.55% p.a. (unsecured) |
How fast can I get one?
Apply
60-second online form. No credit check.
Get matched
Your broker reviews and matches you to the best lender.
Decision
Formal approval in as fast as 1 hour.
Funded
Same-day funding available. Draw what you need.
What if my bank said no?
Banks reject the majority of SME overdraft applications. It doesn't mean you can't get one. Non-bank lenders assess your business differently - they look at cash flow and recent bank statements, not just credit scores and tax returns. Over 60% of OverdraftMe's approvals were previously declined by a bank.
We work with 50+ lenders across the credit spectrum - from prime to specialist. If your business is trading and generating revenue, there's almost certainly a lender for you.
Frequently asked questions
How quickly can I get a business overdraft?
OverdraftMe can get you a decision in as fast as 1 hour. Once approved, many lenders offer same-day funding. The entire process from application to funds in your account can happen within 24 hours.
What do I need to apply for a business overdraft?
You need 6 months of business bank statements (PDF), a valid ABN, and a driver's licence. No tax returns, no financials, no business plan required for facilities under $150K.
Can I get a business overdraft if my bank said no?
Yes. Banks reject most SME overdraft applications. OverdraftMe works with 50+ non-bank lenders who assess your business on cash flow, not credit score alone. Over 60% of our approvals were previously declined by a bank.
How much can I borrow with a business overdraft?
Business overdrafts through OverdraftMe range from $10,000 to $500,000. Your limit is typically based on your monthly revenue - most lenders offer 1-2x your average monthly turnover.
Do I need property security for a business overdraft?
No property security is required for facilities up to $150,000. For larger amounts, some lenders may request property security, but unsecured options exist up to $250K with the right profile.
Ready to fix your cash flow?
Get a quote in 60 seconds. No credit check, no commitment. Or call John directly on 02 8046 3933.
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