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The (not-so) secrets to growing your small business

If you’ve got big plans for your small business, but aren’t sure how to make them happen, the Business Hub’s free resources are a fantastic place to start.

Top tips for how to grow your business

Learn how to plan for sustainable growth.

How to Get a Business Loan

Whether it’s growing your business or boosting your cashflow, there are a few things to know about business financing. Learn more about business loans.

Read more
Secured vs. Unsecured Business Loans

When business owners seek finance, there’s one question that often goes unasked: What’s the difference between a secured and unsecured business loan? Find out here.

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When Your Business Starts Making Money

A goal for any business owner is to profit - and it can often be a prolonged journey to get there. So once you start making money, what’s next?

Read more
More helpful articles for business growth
How To Prepare For Business Growth
Selling Your Business: A Guide
Paying Yourself as a Business Owner
Can you Afford to Grow Your Business?
FAQs
Common questions from ambitious small business owners
How much can I borrow with a business loan?

The most you can borrow with a business loan depends on your business circumstances and financial situation. The Business+ Unsecured Loan has a range between $20,000 and $50,000.

Am I eligible for a business loan?

There are a few things to tick off to be eligible for an unsecured business loan with Great Southern Bank. Firstly, you’ll need to be a registered sole trader or company. You’ll also need to have at least a one-year trading history, be registered for GST and have $75,000 in turnover annually. Find out more.

Can I get a business loan if I'm self-employed?

Yes. You may be able to get a business loan if you’re self-employed. Check out the Business+ Unsecured Loan for details on eligibility.

Why does an unsecured loan have a higher interest rate than a secured loan?

Unsecured business loans typically have higher interest rates than secured business loans because the lender is taking on more risk by lending money without any collateral. Learn more about the difference between secured and unsecured business loans.

How much deposit do I need for a business loan?

You don’t need a deposit or security for the Business+ Unsecured Loan. However, you do need to meet certain eligibility requirements to apply. Learn more.

What can I use a business loan for?

You can use your business loan to fund a wide range of business purposes including:

  • covering large, unexpected expenses (including ATO debts)
  • working capital to run and expand your business
  • purchasing stock, plant and equipment
  • investing in productivity improvements
  • refinance certain short tem business loans or balloon for an equipment finance loan

Grow your Business+ know-how
Business+ is business banking built for ambitious sole traders and small business owners. Here are some easy-to-follow guides so you can unlock its potential.

Helpful tools and templates for business growth

Ready-made templates to help you reach the big goals you’ve set for your small business.

Profit and Loss Statement
Business Budget Template
Cashflow Forecast
Invoice Template
Business+

Better business banking with Business+

If you’re striving for global domination, or just a bigger business, Business+ makes business banking easy.

Available online and in the Business+ app, it’s 100% digital so you never need to wait in queues or listen to hold music. And because it’s digital, there’s no paperwork. Ever. Just fast, convenient and secure business banking.

Learn more

Important information

Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply. Information on Business+ accounts is general information and does not consider your objectives, financial situation or needs. You should consult the Product Disclosure Documents before making a decision to apply for products.

This product is only available for business purposes. Terms, conditions, fees and charges may be applicable.

1 For a full list of fees, please refer to the Schedule of Fees.

>> Rates current as at 01 July 2024 and are subject to change.

Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.

2 Lending criteria, limits, conditions and fees apply. Applications are subject to credit approval.

Great Southern Bank Business+
Business+ BSB: 834 472