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Low Doc approvals up to $250,000

Loan term up to 5 years

Flexibility and Control

Interest only on Utilization

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What is Business Overdraft?

A business overdraft is a cash flow buffer in the form of a credit line with no restrictions on number of withdrawals or repayments. One can use this limit as per their business requirements with a convenience to pay off whenever they can without any penalty and no interest gets charged after that. The interest is levied on daily outstanding balance of the overdraft facility and not the entire limit. 

 A business overdraft is popularly used for:

  • Working capital management
  • Inventory purchase
  • Funds for business development
  • Business expansion expenses

Eligibility

The eligibility for business overdraft is determined by the following factors, which demand you to have:

  • Business trading for at least 12 months
  • A minimum monthly turnover of $10k
  • GST registered business.

What you should know about Business Overdraft

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What kind of Businesses Apply for Business Overdraft?

Different kinds of businesses can benefit from this type of business financing. In Australia, the enterprises from the following industries commonly apply for a business overdraft.

  • Wholesalers
  • Retailers
  • Manufacturing industry
  • Food and beverages
  • Professional services
  • Automotive industry
  • Technology

You can either apply for a secured business overdraft or an unsecured business overdraft. A secured business overdraft would need a business owner to provide an asset as security to secure a better loan term while unsecured business overdraft doesn’t need any collateral.

Why Seek Business Financing through Business Overdraft?

The following reasons are why business entities apply for a business overdraft:

  • It facilitates a flexible business line of credit against the transaction account.
  • A business overdraft allows a business owner to pay off the loan as per convenience if it is within the approved credit limit.
  • The unsecured business overdraft allows loan approval without any security.

All these tried and true reasons make business overdraft a favorable choice for business financing for enterprises, especially the SMAs in Australia.

When to Use a Business Overdraft?

We recommend you to apply for a business overdraft under the following or similar circumstances:

  • When you are working on a long-term project, where payment will arrive after the completion of the entire thing.
  • Even though your sales patterns are typically seasonally, you still need to pay the employees and manage the inventory for the whole year.
  • Your customers cannot clear the invoices on time, causing you to apply for a business overdraft to replenish the cash flow.
  • New business owners require cash to cover operational expenses before they start generating profits.

How Can It Benefit Your Business?

There are multiple benefits to business overdraft, such as:

  • The business owner gets fast access to funds, enabling seamless management of expenses and payments.
  • A steady cash flow facilitates business expansion and growth.
  • Access to funds, allowing the business owner to pay the outstanding bills without waiting for the clearance of pending invoices.
  • With a steady cash flow, the business owner can pay the suppliers on time. It allows them to negotiate better payment terms and discounts.
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Why should you choose Broc Finance?

Tailor made options

Being a small business owner, many of our clients are not sure of right loan product for their businesses. Our lending specialists understand their needs and recommend tailor made options.

Personal Consultation

Unlike business loan marketplace websites which use AI based algorithms to match your requirements, we provide obligation free personal consultation as every business is different and an AI based algorithm may not provide them the optimum solution.

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Competitive Pricing

We endeavour to achieve the optimum business loan solution for our clients at the most competitive pricing possible.

Clear communication

We understand the essence of time so don’t believe in wasting our customers time by giving false hopes. Transparent and clear communication is in our DNA.

Real results with real people.

99+ customer reviews

5.0

Aktaruzzaman Rasel

Aktaruzzaman Rasel

Thank you Neeraj Indraghanti and his team. Really apricated you help to getting the loan when we needed. We had an amazing experience with this company. We are so pleased with the service received from Neeraj. He went above and beyond to help us get out of the situation. The loan process was easy and hassle free. Looking forward to use your service in future too.
Tabitha Pomente

Tabitha Pomente

Working with Saroj and the Bronc Finance team has been an incredible experience. Their professionalism, knowledge, and support throughout the process have been outstanding. I couldn’t be happier with the service and results — highly recommended!
Don Hett

Don Hett

⭐️⭐️⭐️⭐️⭐️ Highly Recommend Saroj from Broc Finance! Saroj was incredibly helpful from start to finish. He listened to all my requirements, understood my situation, and got me the funding I needed super fast. I really appreciate how efficient and responsive he was throughout the whole process. If you’re looking for someone who actually cares and gets the job done without delays, Saroj is your guy. I highly recommend him for anyone needing funding support. A big thanks to Saroj and the team at Broc Finance for their great work. Wishing you all the best!
Mugdha Chandekar

Mugdha Chandekar

A Trusted Partner in Commercial Finance I had the pleasure to discuss with Broc Finance on a complex commercial mortgage transaction, and I can confidently say they are the experts and professinals in this space. If you're looking for a commercial mortgage broker who brings clarity, integrity, and genuine commitment to the table, Broc Finance is the one to call. Highly recommended for any business owner seeking tailored financial solutions.
Yogendra Jayadeva

Yogendra Jayadeva

Partnering with Broc Finance (and Saroj) has been a fantastic experience—seamless support, quick turnaround, and successful outcomes for even the trickiest business loan scenarios. Highly recommend them for reliable and efficient Business lending solutions!
Deepesh Parikh

Deepesh Parikh

Saroj knows his business. To the point guidance, everything from start to finish was as expected and confirmed by him. Always recommend him for sorting it your personal or business finances. Thanks a lot for all your help Saroj.
Daniel Butel

Daniel Butel

Saroj and the team are great, they are open and transparent with advice. Truly are advocates for your business and help to cut through the finance jargon that’s hard for business owners and operators to decipher
Zoltan Matrof

Zoltan Matrof

I wanted to express my sincere gratitude for your outstanding support in helping me secure finance. Your professionalism, clear communication, and dedication made the entire process smooth and stress-free. I truly appreciate your expertise and commitment—thank you for going above and beyond to assist me! World Gym Busselton

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Frequently asked questions

Yes, the lenders can increase your limits on reassessment of your application. You can just get in touch with us, and we can get it sorted in no time.

The interest rate varies in each case and will depend on various factors like the business trading time, industry, banking, credit history etc. Please contact us and our experts will be able to run you through an obligation free indicative quote without leaving any trace on your credit file.

We offer business financing solutions to clients on basis of low documentation and bad credit history. Reach out to us to know the details regarding the same.

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