We help you compare and secure a business line of credit from $10,000 to $1M — without the hassle.
✅ Only pay interest on what you use
✅ Reuse funds anytime
✅ Ideal for growing or seasonal businesses
A business line of credit gives you access to funds whenever you need them — without having to reapply. Think of it like a credit card for your business, but with higher limits and lower interest rates.
Draw down as little or as much as you need, only pay interest on what you use, and top it back up when you repay.
It’s one of the most flexible ways to manage short-term cash flow needs.
At Splendid, we help you compare options from multiple lenders and choose the one that fits your business.
✅ Access funds 24/7 via online portal
✅ No interest on unused funds
✅ Reusable — no need to reapply each time
✅ Keep your cash flow smooth
✅ Unsecured options available
✅ Fast approval with minimal paperwork
A business line of credit is ideal if:
✅ You have irregular cash flow or seasonal revenue
✅ You want back-up capital for unexpected costs
✅ You need funds to cover stock purchases, payroll, or suppliers
✅ You want flexibility without long-term commitment
Typical industries include:
1️⃣ Retailers & wholesalers
2️⃣ Online stores & ecommerce brands
3️⃣ Agencies & service-based firms
4️⃣ Trades & construction businesses
You’re likely to be eligible if:
✅ Your business has been trading / generating sales for at least 6 months
✅ You are an Australian citizen or permanent resident
✅ You hold an active ABN or ACN
✅ You can share business bank statements and/or financial statements
📌 Not sure if you qualify? Let’s talk — we’ll guide you through your options.
Let us help you find the right line of credit for your business — with support from real lending experts.
Business line of credit costs vary depending on the lender and your business profile. Rates and fees are set by each lender, and we’ll walk you through all your options before you make a decision. Here’s what to expect:
Interest rates: Typically starting around 14.9% p.a. (unsecured) on drawn funds
Setup fee: $0–$500 depending on the lender
Monthly fee: $0–$100 depending on the lender
Unused line fee: May apply for high unused balances
Early repayment penalty: No
If you have line of credit offers from more than one lender, deciding which one is the best fit for your business comes down to more than the headline interest rate. You need to take into account the following details in reaching your decision:
1. Upfront application / establishment fees
2. Ongoing facility / account fees
3. How many months/years the facility will last
4. Repayments structure and timing
5. Ease of drawdowns and repayments
6. Level of security required
7. Amount of documentation required
8. Time to approval and first drawdown
We do all the legwork for you — comparing offers, negotiating terms and helping you make a confident decision.
1️⃣ We assess your needs and gather your business profile information.
2️⃣ If you decide to proceed, we send you a Personal Privacy Consent for signature then ask you to provide required documents such as bank statements and financials.
3️⃣ We analyse your business performance and shortlist the right-fit products and lenders based on your goals and profile.
4️⃣ We structure & present the deal to matched lenders for pre-approval.
5️⃣ Once we obtain pre-approval(s) we will discuss the available options with you in detail.
6️⃣ You choose the option you're happy with and we will kick-off a formal loan application with the lender.
7️⃣ If the lender approves the loan, they will send you the rates and key terms
8️⃣ If you are happy with the lender's offer, you sign the loan documents they send you
9️⃣ When you want to draw down some funds, log into the lender's online portal
🔟 Repay and reuse the funds as often as needed during the term of the loan
A loan gives you a lump sum upfront. A line of credit is ongoing access to funds — you use what you need, when you need it.
Yes — and you’ll only pay interest for the time the funds were used.
Many lenders offer unsecured options. Some may require a director guarantee.
You could be approved and funded within 1–3 business days. So the faster you can provide the required information and documents the faster you will get a decision from the lender.
We do not perform credit checks. However, lenders we present your deal to may conduct soft credit checks. If you choose to proceed to an application with a particular lender, the lender will run a full check.
Let us help you find the right line of credit for your business — with support from real lending experts.
