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Features & benefits
Unsecured loans up to $50,000
Borrow up to $50,000 without using your assets as security.
Predictable payments
A fixed interest rate means your repayments don’t change over the life of the loan.
Easy online application
Apply in minutes with the Business app.
Fast approval
Get your money within hours of signing your contract.
Rates & fees
Our Business+ Unsecured Loan has super-competitive fixed rates. See all our business loan rates
Interest rate structure 11.95% p.a. to 22.95% p.a
Loan terms 1, 2 or 3 years
Minimum loan amount $20,000
Maximum loan amount $50,000
Establishment fee $495
Service fee $20 per month
Other fees may apply.
How to apply
1. Check to see if you’re eligible

Check your eligibility then download our Business app from the Apple App Store or Google Play

2. Create your business profile

Use  the  app to create your business profile.

3. Apply for the Business+ Unsecured Loan

Apply in minutes and verify your business, personal and financial information.

Check your business eligibility

To be eligible, here's what you need to tick off:
  • Be registered for GST and have at least $75,000 in turnover
  • Have at least one year trading history
  • If your business is a company, all directors must provide a guarantee
You won't be able to apply if your business is:
  • a partnership
  • a trust
  • a company that isn’t owned by real people
  • a tax resident in any country other than Australia
Frequently asked questions
How do I qualify for a Business+ Unsecured Loan?

You’ll need to meet our eligibility criteria for a Business+ Unsecured Loan. You can find these here.

What documents do I need to apply for a Business+ Unsecured Loan?

When you apply for business finance, you (and any directors, partners or guarantors) may need to provide:

  • Financial statements, preferably prepared by an accountant
  • Proof of individual income
  • Bank statements
  • Identification

These documents help us understand your business’s financial position.

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

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

Can I use a Business+ Unsecured Loan to start a new business?

No. Your business needs to run for a minimum of 1 year's before you can apply for a loan. Opening a Business+ Account and Business+ Saver is a good way to establish your business and show trading history when it's time to apply for a loan.

How long do I have to pay off a Business+ Unsecured Loan?

We offer 1, 2 or 3-year terms to pay off your Business+ Unsecured Loan.

What can I use a Business+ Unsecured Loan for?

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

  • cover large, unexpected expenses (including ATO Debts)
  • working capital as you start or expand your business
  • purchase of stock, plant and equipment
  • invest in productivity improvements
  • refinance of certain short term business loans or a balloon for equipment finance loan to release cashflow
Can I make additional repayments or pay my loan off early?

Yes you can. If you decide to pay your loan out early, costs will apply. Learn more about Early Payment Costs.

Download our Business app
The business banking app built for smaller small businesses.
  • 100% app-based banking for busy business owners
  • Open accounts and loans entirely online in minutes
  • In-app support (from real people)
Download the app via QR code
Download the app in the App Store
Get it on Google Play
Download the app in the App Store
Get it on Google Play
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Business+ Saver

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Business+ Account

A business management account for sole traders and small businesses.

Business+ Unsecured Overdraft

Manage cashflow in your business with ease.

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. Consider the appropriateness of the information, including the Business Banking Terms & Conditions (T&Cs) booklet and the Business Finance Terms and Conditions, before acting on it.

The product is only available to approved applicants for business purposes. Lending criteria, limits, conditions, and fees apply. Applications are subject to credit approval.

Loan term range from 12 months to 36 months for Business+ Unsecured Loan

Business+ Unsecured Loan rates range from 11.95% p.a. to 22.95% p.a.

Great Southern Bank Business app
Business+ BSB: 834 472