Great rates and low fees make a Business+ Unsecured Loan a smart choice for your business.
- Loan terms of 1, 2 or 3 years
- Minimum loan amount $20,000
- Maximum loan amount $50,000
How to apply
You’ll need your:
- ABN
- Business income and expense details
- ID (driver licence, passport or Medicare card)
- Most recent tax return (within 18 months)
- Two most recent BAS
- Sign up to Business+ and verify your mobile number and email address.
- Use the loan calculator to learn your interest rate and repayments.
- Like what you see? Tap 'Apply now'.
Getting a quote will no have no impact on your credit score.
If conditionally approved, we'll confirm your interest rate. We'll ask you for the documents you gathered earlier to confirm that the information you gave us is correct.
Once your loan is given final approval, sign your digital loan contract (that's right, no paperwork). Your money will be paid into your Business+ Account within one minute of signing.
Check your eligibility
- Sole trader
- Company owned by individuals
- Annual turnover of at least $75,000
- At least one years’ trading history
- Have an ABN
- Be aged 18 and over.
- Be an Australian resident.
- If your business is a company, you must hold 25% of the shares. If there are no owners with 25% or more, then you must be a director.
Business+ support
More features, less fuss.
Banking, finance and invoicing in the Business+ app.
Frequently asked questions
When you apply for business finance, you’ll need to provide:
- Your ID (Australian driver licence, passport or Medicare card).
- A recent tax return (within the last 18 months).
- Details of your business’s liabilities, such as other business loans, business credit cards or leases.
We might ask you for other documents to help us understand your business’s financial position.
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.
No. Your business needs to run for a minimum of one year 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.
We’ll keep you up-to-date with in-app notifications and by email. More information or documents may be requested and can be uploaded in the app. This may include:
- Household finances and debts
- Personal finances and debts
- A recent tax return (within the last 18 months)
- Notice of assessment from ATO
- Two most recent Business Activity Statements
- ATO debt statement
You may be eligible for conditional approval and will have 14 days to respond:
- Complete a final identity confirmation
- Invite other business owners and directors (if applicable)
- Provide any requested documents
If your business is a company, all directors must provide a guarantee. Guarantors to the loan will need to:
- Add ID details (Australian driver licence, passport or Medicare card) and verify their identity.
- Confirm they meet eligibility criteria.
- Confirm they’re happy to give their guarantees.
Once your documents are verified and approved, we’ll send you an offer for review. Digitally sign to finalise your business loan and get funding in minutes.
We offer 1, 2 or 3-year terms to pay off your Business+ Unsecured Loan.
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 payment for equipment finance loan to release cashflow
Yes you can. If you decide to pay your loan out early, costs will apply. Learn more about Early Payment Costs.
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 10.95% p.a. to 20.95% p.a.
Rates current as at 15 May 2026 and subject to change.
What businesses can apply:
- A sole trader
- Company owned by individuals
- Annual turnover of at least $75,000
- At least one years’ trading history
- Have an ABN
Can’t remember your business structure, Use the ABN Lookup to find out.
You won’t be able to apply if your business is a:
- Tax resident in any country other than Australia
- Company owned by another company
- Partnership
- Trust
- Self-managed super fund
You must:
- Be aged 18 or over.
- Be an Australian resident.
- Have a valid email address and mobile number.
- Have a valid ID (driver licence, passport or Medicare card).
- If your business is a company, you must hold 25% of the shares. If there are no owners with 25% or more, then you must be a director.
If your business is a company, all directors must provide a guarantee.
- Simple, fast, and mobile business banking
- Open accounts and loans entirely online in minutes
- In-app support (from real people)
