Tailored
Line of Credit
Solutions
Access funds when you need them with a business line of credit. Only pay interest on what you use, with the flexibility to draw and repay as your business demands.
Accredited and trusted
We're proud members of leading industry bodies, ensuring you receive professional and tailored financial solutions.
FBAA Member
Finance Brokers Association of Australia
AFCA Member
Australian Financial Complaints Authority
FRANdata Partner
Franchise Industry Research & Analytics
Access to 70+ business lenders
We work with Australia's leading bank, non-bank and private lenders to find you competitive rates and terms for your business needs.
What is a business line of credit?
A business line of credit is a flexible financing solution that provides access to funds up to a predetermined limit. Unlike a traditional loan where you receive a lump sum, a line of credit allows you to draw funds as needed and only pay interest on the amount you use.
This revolving credit facility is ideal for managing cash flow fluctuations, covering unexpected expenses, or taking advantage of business opportunities as they arise.
Key Benefits
Discover why a business line of credit could be the perfect financing solution for your growing business.
Flexible Access
Draw funds as needed up to your approved limit, giving you complete control over your cash flow.
Pay Only What You Use
No interest charges on unused portions of your credit line - only pay for what you actually draw down.
Revolving Credit
Repay and reuse your credit line multiple times throughout the facility term.
Instant Access
Access approved funds immediately when business opportunities arise or unexpected expenses occur.
Improve Cash Flow
Smooth out seasonal fluctuations and manage unexpected expenses with confidence.
Build Business Credit
Responsible use helps establish and improve your business credit profile for future financing needs.
Business line of credit at a glance
Secured vs Unsecured Line of Credit
Understanding the differences helps you choose the right option for your business needs and risk profile.
| Feature | Unsecured Line of CreditPOPULAR | Secured Line of Credit |
|---|---|---|
| Security Required | No collateral required | Collateral required (property, equipment, etc.) |
| Interest Rates | Higher rates due to increased risk | Lower rates due to security provided |
| Credit Limits | Generally lower limits | Higher limits based on security value |
| Approval Time | Faster approval process | Longer due to security valuation |
| Risk to Business | No risk to business assets | Risk of losing collateral if unable to repay |
What are the fees & costs?
Understanding the costs associated with a business line of credit helps you make informed decisions. Here are the typical fees and charges you might encounter.
Common Fees
Interest Charges
Who is it for?
A business line of credit is ideal for businesses that need flexible access to working capital for various operational needs.
Don't just take our word for it.
Read what our clients have to say about Splendid.
Sharni
GM, Online Retailer
"Bhavi was incredibly supportive and knowledgeable throughout the process of securing new funding for our eCommerce business. Always available to discuss any questions or concerns, he explained our options with clarity and patience."
Abhi
Owner, Logistics Company
"We are incredibly supportive and knowledgeable throughout the process of securing our business loan. Their expertise made all the difference, and we couldn't be happier with the outcome."
Helen
Director, Software Company
"Excellent service. The whole experience was seamless, fast and easy. Very impressed with how everything was managed, great communication along the way."
Simon
Owner, Marketing Agency
"Bhavi is fantastic to work with and genuinely cares about getting the best outcome for his clients. I highly recommend Splendid for any small businesses looking for finance solutions."
Byron
Founder, Development Company
"Great experience, spoke to me the whole way, got a great deal and never felt pressured at any time, highly recommend these guys."
Sharni
GM, Online Retailer
"Bhavi was incredibly supportive and knowledgeable throughout the process of securing new funding for our eCommerce business. Always available to discuss any questions or concerns, he explained our options with clarity and patience."
Abhi
Owner, Logistics Company
"We are incredibly supportive and knowledgeable throughout the process of securing our business loan. Their expertise made all the difference, and we couldn't be happier with the outcome."
Helen
Director, Software Company
"Excellent service. The whole experience was seamless, fast and easy. Very impressed with how everything was managed, great communication along the way."
Simon
Owner, Marketing Agency
"Bhavi is fantastic to work with and genuinely cares about getting the best outcome for his clients. I highly recommend Splendid for any small businesses looking for finance solutions."
Byron
Founder, Development Company
"Great experience, spoke to me the whole way, got a great deal and never felt pressured at any time, highly recommend these guys."
Sharni
GM, Online Retailer
"Bhavi was incredibly supportive and knowledgeable throughout the process of securing new funding for our eCommerce business. Always available to discuss any questions or concerns, he explained our options with clarity and patience."
Abhi
Owner, Logistics Company
"We are incredibly supportive and knowledgeable throughout the process of securing our business loan. Their expertise made all the difference, and we couldn't be happier with the outcome."
Helen
Director, Software Company
"Excellent service. The whole experience was seamless, fast and easy. Very impressed with how everything was managed, great communication along the way."
Simon
Owner, Marketing Agency
"Bhavi is fantastic to work with and genuinely cares about getting the best outcome for his clients. I highly recommend Splendid for any small businesses looking for finance solutions."
Byron
Founder, Development Company
"Great experience, spoke to me the whole way, got a great deal and never felt pressured at any time, highly recommend these guys."
Is my business eligible?
Check if your business meets our line of credit requirements for approval.
General Requirements:
Documentation Required:
What are the steps involved?
Initial Consultation
We discuss your business needs, financial situation, and line of credit requirements.
Document Collection
We help you gather the required financial documents and business information.
Lender Matching
We identify the best lenders for your situation and submit applications.
Offer Comparison
We present and explain the offers, helping you choose the best option.
Settlement
We manage the settlement process and ensure your line of credit is established.
Why work with a broker like Splendid?
Access to multiple lenders
Compare offers from ~70 business lenders to find the right deal for your unique needs.
Save time and effort
We handle the application process and negotiate with lenders on your behalf.
Expert guidance
Our experienced team provides personalised advice based on your business needs.
Better outcomes
Higher approval rates and more favourable terms through our lender relationships.
How do I compare offers from different lenders?
When comparing business line of credit offers, it's important to look beyond just the interest rate. Here's what to consider:
Key Comparison Factors:
Additional Considerations:
FAQs
A business loan provides a lump sum upfront with fixed repayments, while a line of credit gives you access to funds as needed up to a limit, and you only pay interest on what you use.
Most business lines of credit allow early repayment without penalties, but it's important to check the specific terms with your lender.
You typically won't pay interest on unused portions of your credit line, though some lenders may charge a small unused facility fee.
Once your line of credit is established, you can typically access funds immediately through online banking or phone requests.
Accelerate your business growth.
Get your personalised business line of credit quote today and discover how we can help your business thrive. Join the hundreds of Australian businesses we've helped secure funding.