How is a line of credit different from an overdraft?

Both are revolving facilities. A business overdraft is attached to your transaction account. A line of credit is a separate facility you draw from as needed. Lines of credit typically offer higher limits, more structured terms, and better rates than overdrafts.

What limit can I get?

Credit limits depend on annual turnover, bank statements, existing commitments, and credit profile. As a guide: $250k-$500k turnover might access $20k-$50k; $500k-$1M might access $50k-$150k; over $1M might access $150k-$500k+.

Do I pay interest on the whole limit?

No. You only pay interest on the amount you've actually drawn. The undrawn amount may attract a small line fee (typically 0.5-1% annually), but this is far less than paying interest on funds you're not using.

Can I increase the limit later?

Yes, often subject to a review of your trading and repayment history. If your business has grown and you're making payments on time, most lenders will consider limit increases.

Business Line of Credit for South East Queensland

Flexible funds you can draw when you need them and repay when you don't. Keep cash flow steady without reapplying each time.

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What a Line of Credit is Best For

Result: working capital, funds on tap so you can act quickly and stay in control.

Covering short term cash flow gaps

Paying suppliers early to secure discounts

Handling seasonal slowdowns or spikes

Managing ATO and incidental expenses

Buffering project start-up costs before invoices land

Seizing unexpected opportunities

How a Line of Credit Works

Example

$100k

Approved Limit

Your maximum available facility

$30k

You Draw

Only pay interest on this amount

$70k

Still Available

Ready when you need it

Pay interest only on what you use.

Draw, repay, draw again. All within your approved limit without reapplying.

Why Choose loan-o for a Line of Credit

Local SEQ Specialists

Across Brisbane, Gold Coast, Sunshine Coast, Ipswich, Toowoomba and Gympie.

Fast Decisions

Clear documentation requirements and real updates, not weeks of waiting.

Flexible Limits

Redraws so funds are ready when needed. Increase limits as you grow.

55+ Lender Panel

We match pricing, fees and access method to your needs.

How to Get a Line of Credit

Apply in minutes

Tell us your preferred limit and how you plan to use it.

Consent & upload

Sign privacy consent. Upload documents via secure link.

We compare

Shortlist lenders based on trading history and needs.

Activate & draw

Access funds by transfer or card. Only pay for what you use.

Start My Application

Typical Features

Limits from $20,000 and higher for established firms
Interest only on the drawn amount
Redraw anytime within your approved limit
No reapplication for each draw
Access by online transfer, BPAY or card
Ongoing facility (usually 12-month reviews)

Pricing & Fees

Rate: Variable based on risk, facility size and lender

Fees: May include line fee, drawdown fee or monthly service fee

Repayments: Interest on drawn balance + flexible principal reduction

What We Look For

Active ABN and trading (usually 24+ months)
Recent bank statements and evidence of cash flow
Basic financials or low-doc substitutes where available
Credit profile and any explainable events
Clear plan for how the facility supports the business

Helpful to have: Driver licence, BAS or ATO portal summary, aged receivables if applicable.

Compare at a Glance

Line of Credit

You are here

Revolving facility. Draw, repay, draw again. Pay interest on what you use. Best for ongoing cash flow variability.

Business Loan

Lump sum with fixed term and scheduled repayments. Best for defined projects.

Equipment Finance

Funding tied to a specific asset. Often sharper pricing.

Lines of Credit Across South East Queensland

From seasonal retail on the Coast to construction progress claims in Brisbane and agricultural cycles through Gympie, we structure facilities that reflect how SEQ businesses trade.

BrisbaneGold CoastSunshine CoastIpswichToowoombaGympieScenic RimLockyer Valley

Line of Credit FAQs

Credit assistance is provided under Australian regulations. Eligibility, terms and approvals are subject to lender assessment and lending criteria.

Ready to steady your cash flow with a flexible facility?