Business loan
Loans of up to $5 million to grow your business, buy property or refinance other debt, with redraw on secured loans.
More on business loans →BankAustraliaLast reviewed 23 Oct 2026
Westpac
Business loans, eligibility and contact details
In a nutshell
Westpac is one of Australia's four major banks, offering business loans of up to $5 million, overdrafts, vehicle and equipment finance of up to $250,000, and invoice finance that advances up to 85% of unpaid invoices. Its business loans can be used to grow a business, buy property or refinance debt.
About Westpac
Westpac is Australia's oldest bank and one of the four majors. For businesses, it offers business loans for growth, buying property or refinancing, business overdrafts, vehicle and equipment finance, invoice finance, startup loans and business loans that earn Qantas Points for Qantas Business Rewards members.
Westpac business loans range up to $5 million, with redraw available on secured loans. Its vehicle and equipment finance goes up to $250,000, with funds in one business day from approval and an option to delay the first repayment by 3 months. Its invoice finance advances up to 85% of unpaid invoices without real estate security. Bank of Melbourne is a division of Westpac.
Finance offered by Westpac
Unsecured Business Loan
Loans of $5,000 to $250,000 over 1 to 5 years with no asset security, for businesses trading at least 12 months with turnover above $75,000 a year and GST registration. Director guarantees may be needed.
More on business loans →Vehicle and equipment finance
Up to $250,000, with funds in one business day from approval and an option of 3 months before your first repayment.
More on equipment finance →Invoice finance
Access up to 85% of unpaid invoices, with no real estate security needed.
More on invoice finance →Business overdraft
Extra funds when your business transaction account drops below $0, repayable any time. Unsecured overdrafts run from $5,000 to $250,000 for businesses trading 12 months or more with turnover above $75,000 and GST registration; larger overdrafts are secured.
More on business overdraft →Business loan with Qantas Points
Eligible business loans of up to $1 million earn Qantas Points for Qantas Business Rewards members.
Eligibility and documents
Who Westpac lends to
- Australian businesses borrowing for business purposes
- Startups can apply for a dedicated startup loan
What you'll typically need
- Latest annual financial statements or business tax return
- 12 months of business activity statements from the ATO
- A signed lease agreement, for property investments only
All lending is subject to the lender's credit criteria and assessment.
For brokers
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Is Westpac the right fit for your business?
Westpac usually suits established businesses with full financials and property or asset security, that can wait for a bank's assessment in return for a lower cost. Businesses that need funds quickly, want to avoid offering security or prefer fewer loan conditions often choose a non-bank lender instead.
Every business is different. Rather than applying to one lender, talk to us. Your broker, backed by our proprietary AI lender matching, looks at the lenders on our panel that offer the finance you need and seeks multiple options for you.
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- One conversation, no obligation
- We seek multiple lender options for you
- Business finance from $30,000
Prefer to talk now? Call 1800 177 240, Mon–Fri, 9am–6pm AEST/AEDT.
Get your funding options
Tell us what you need and we'll call you back, usually within 1–2 hours during business hours. No obligation.
Call us now: 1800 177 240
Mon–Fri, 9am–6pm AEST/AEDT
Westpac FAQs
How much can I borrow from Westpac for my business?
Westpac business loans range up to $5 million, and its vehicle and equipment finance goes up to $250,000.
What documents does Westpac need for a business loan?
Westpac asks for your latest annual financial statements or business tax return, 12 months of BAS from the ATO, and a signed lease for property investments.
How do I contact Westpac about a business loan?
You can call Westpac on 132 142, 8:30am to 6pm Monday to Friday (Sydney time), or enquire online.
How do I work out repayments on a Westpac business loan?
Use our business loan repayment calculator. Enter the loan amount, the term and the interest rate from your Westpac quote to estimate weekly, fortnightly or monthly repayments. Results exclude fees, so check Westpac's full costs too.
What are the alternatives to a Westpac business loan?
Non-bank lenders are the main alternative. They usually cost more than a bank, but they can often decide and fund within days, need less paperwork, offer unsecured loans without property security, and have fewer restrictive loan conditions. Many businesses that bank with Westpac still borrow from non-banks when speed or flexibility matters more than the lowest rate.
What if Westpac declines my business loan?
A decline from Westpac doesn't mean other lenders will say no. Non-bank and private lenders use different criteria, and some lend to businesses with shorter trading histories, imperfect credit or ATO debt.
Can Splendid help me with a Westpac loan?
Yes, we work with Westpac, but we recommend speaking to us to see if Westpac is the right fit for your specific needs. We work with over 100 lenders, so there might be other options that suit your situation better.
Westpac contact details
Website
westpac.com.auPhone
132 142
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See all business lenders →Splendid Financing is an independent finance broker and is not affiliated with Westpac. Splendid works with many of the lenders in this directory, but not all of them. This profile is general information based on Westpac's published information, checked 23 Oct 2026. It isn't a recommendation or credit advice. Products, criteria and features can change, and all lending is subject to the lender's credit criteria and assessment.