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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 Business+ online or 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
Rates
Fees
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
Fees
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 start with Business+ online or download the Business+ app.

2. Create your business profile

Create your business profile online or in-app.

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

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Check out these clever tips and tools to help your business thrive.

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Further reading

FAQs
Frequently asked questions

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

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.

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 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.

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 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.

BUSINESS+ APP

‘Appy days!

Everyday business banking, savings and finance all in the Business+ app.

Download the app in the App Store
Get it on Google Play
‘Appy days!
You may also be interested in
Business+ Saver

Reach your goals with our high-interest, no fee savings account.

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+
Business+ BSB: 834 472