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Business Loans - Greater Bank

Business Loans

Interest rate from 5.00 % p.a.
as this is often priced higher (Residential security - Variable)

A Business Loan can be a great, low cost way to finance the needs of your small business. Perhaps you need supplies, capital equipment or just access to cash flow. We’ve got the solution to help you get back to work. Our loans feature competitive rates, low fees and the support of our Business Banking specialists.

Why choose one of our Business Term Loans?

Competitive interest rates with low fees.
Can be residentially or commercially secured - great for development and construction.
Flexibility of principal & interest or interest only repayments.
You can choose fixed or variable interest, or a combination of both.
Access to redraw facility, giving you easy access to extra repayments made.
Steady repayments for budgeting purposes.
Rates are effective as at 9am Thursday 19/05/2022

Variable Business Loan Rates

Business Loan - Secured by Commercial Property Interest Rate
Variable 5.55% p.a.
Rates are effective as at 9am Thursday 19/05/2022
Business Loan - Secured by Residential Property Interest Rate
Variable 5.00% p.a.

Fixed Business Loan Rates

We also offer Fixed Business Loan Rates featuring terms from 1-5 years upon application. Complete a Business Banking enquiry today and speak to our lenders about our fixed rates.

Fees and Charges 

Establishment Fee 0.5%
Low monthly account keeping fee.  

The above are a selection of our fees only. Additional Fees and Charges may apply. For further information please view the Loan Contracts Product Schedule.

What can the loan be used for?

Business loans can be utilised to purchase much needed supplies, capital equipment, acquisition of other businesses and property or just access to cash flow.

Who can apply for a Business Loan?

Any business entity inclusive of partnerships, sole traders and companies established in Australia who have 2 years trading history can apply for a business loan.

Other Loan options available

If cash flow is a problem for your business, free up some money in the short term with one of our Business Lines of Credit.

  • Low monthly facility fee means more money in your pocket.
  • Flexibility to operate dually as an everyday transaction account.
  • Variable interest with interest charged monthly on your credit balance.
  • Easy access to your money via Internet, Mobile and Phone Banking, as well as in branch.
  • Secured by mortgage or a Term Investment – Term Investments used as security will earn competitive interest.

Enjoy peace of mind and access cash with the support of Greater Bank’s Guarantee Facility.

  • Optimise negotiations without tying up your valuable capital.
  • With no minimum amount, we can help businesses large and small.
  • Term Investments and residential property can be used as security.
  • Term Investments used as security will earn interest.

Your Business Finance questions answered

Before you calculate how much you can borrow for a business loan, it's important you know your financial limits. You should calculate:

  • if you need the money up-front or on a needs basis
  • what maximum repayment you can afford
  • what your loan to value ratio (LVR) is
  • what assets you have to offer if you need collateral
  • who will be willing to guarantee your loan if you need a guarantor
  • how much equity you have
  • what maximum percentage share of your business you are willing to offer to investors.

The amount you'll be able to borrow as a business loan will also be determined by examining your business's annual gross income, existing debt, and creditworthiness.

To start a conversation with one of our Business Banking Specialists about a Business Loan today, request a callback here.

And to get a better understanding of Business Finance, check out our handy How-To Guide.

Before you get a business loan, there are some steps you can take to improve your chances of success. 

You'll need to understand the different types of business finance, and determine which is right for you. 

You'll also need to prepare your business plan, and do some initial forecasting to plan ahead for the future of your business.

Getting started with a business loan is as easy as requesting a callback from one of our Business Banking Specialists - get started now!

To learn more about Business Finance, be sure to check out our helpful How-To Guide here.

A business line of credit may be useful for accessing funds to assist with cash flow requirements.

Our Greater Bank business line of credit offers competitive interest rates, lower fees and the support of our Business Banking Specialists.

A business loan may be useful for accessing funds upfront for longer term investments such as property.

Our Greater Bank business loans offer competitive interest rates, lower fees and the support of our Business Banking Specialists.

Greater Bank Business Loans allow you to borrow up to 90% for residential property security and up to 70% for commercial and light industrial properties used as security.

Can’t quite find what you’re after?

Ready to get started?

Start a conversation with one of our Business Banking specialists today by sending us a few quick details.

Enquire Now

Drop into a branch

Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.

Find a branch

Get in touch

Call us Monday to Friday 8:00am – 6:00pm and Saturdays 8:00am – 1:00pm AEST

Call 13 13 86

Subject to Greater Bank's lending criteria. Conditions, fees and charges apply. All applicants to be individually assessed for serviceability.
View our Product Disclosure Documents and our Current Interest Rates.