- Minimum limit: $10,000
- Maximum limit: $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 application is given final approval, sign your digital contract (that's right, no paperwork). You’ll have access to the overdraft from 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 (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.
We’ll keep you up-to-date with in-app notifications and by email. More information or documents may be requested and can be up 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 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 overdraft and get funding in minutes.
Your Business+ Unsecured Overdraft is linked to your Business+ Account.
You access your overdraft funds the same way you access your own eg. With your Debit Mastercard, in-app transfers, direct debits, BPAY®, etc.
If you overdraw your Business+ Account, don’t worry, your Business+ Unsecured Overdraft covers you (up to your approved limit) until you get your balance back in the black. You only pay interest on what you have used.
An overdraft is a line of credit with a limit approved by your bank. It lets you draw on that money as you need it.
A loan is a fixed amount of borrowing upfront which is repaid over a set term with regular repayments.
Great Southern Bank is the trading name of Credit Union Australia Limited. You may have previously known us as CUA.
For over 75 years we’ve helped our customers manage their money. We do this by providing clever products and smart tools that help you reach your financial goals sooner. Plus, being customer-owned means that our profits go back into our products and services, not shareholders.
We love helping people reach their financial goals and we can’t wait to help you reach yours, whatever they may be. Jump on Business+ online or download our Business+ app to get started.
Can I get help with Business+ products in your branch or call centre?
Our Business+ products are designed to be 100% digital. This means live chat is available for support after signing up or logging in to Business+. You’ll be helped by one of our team (yep, a real person).
Description
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.
A Business+ Unsecured Overdraft is a revolving facility subject to annual review.
Business+ Unsecured Overdraft rates range from 11.70% p.a. to 21.70% 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)
