What is a Business Overdraft?
A business overdraft allows businesses to withdraw more funds than are available in their transaction account to help with cash flow management or unexpected expenses. These specific types of loans act as a short-term borrowing solution that can be useful for managing operational costs during periods of reduced income or unforeseen expenditures.
Here at Your Advisor Group on the Gold Coast, we’ll explore and compare hundreds of lenders and provide you with the most suitable options for your unique needs. We understand that running a business comes with various hurdles and unexpected costs and that’s why our
finance brokers are committed to helping you secure the right loan for your business. For more information, give us a call or send us an email.
Types of Business Overdraft Loans
Secured Loan
You will be required to provide security against the overdraft, which may be in the form of property or business assets.
Unsecured Loan
The lender will not require security against the overdraft. An unsecured loan generally has higher interest rates.
When Might You Need an Overdraft in Business
Whether your business has suffered unexpected damage or your cash flow has reduced, a business overdraft can help you overcome short-term expenses. A few reasons we see business owners needing an overdraft include:
- Cash flow inconsistencies
- Unexpected expenses
- Capitalising on growth opportunities
- Property damage
- Prevent late payments
- Expand inventory
And much more. Our goal is to ensure you find the most suitable deal and that you understand the entire process. From helping you navigate repayments to ensuring you meet your obligations, we’re here to make securing finance as simple as possible. Whatever the reason you require a business overdraft, get in touch with our team and we’ll handle all the legwork.
Book a free 15-minute discovery call today!
Our Lending Partners
Contact Our Brokers Today
Site Links
Home Loans
Business Finance
Personal Finance
Calculators & Tools
Connect With Us
Your Advisor Group Pty Ltd ACN 631535236 is authorised under LMG Broker Services Pty Ltd ACN 632 405 504 Australian Credit Licence 517192
Privacy Policy |
Terms and conditions
The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
1There may be occasions where you may be charged a fee by your broker.
2Your broker is able to assess each lender's approval times and identify those that can provide approval quickly, however this is subject to change and can vary significantly based on how complex is your loan application and how quickly you’re able to provide the information we need.
3Not all lenders are available to all brokers. The exact details of the lenders your broker has access to is disclosed within the Credit Guide your broker gives to you when providing credit assistance or is available upon request.
