Business loans
Why choose Westpac
Finance for businesses big and small
Loans to help startup, run and expand your business.
Choose your repayment frequency
Tailor how often you want to repay based on your cash flow.
Flexible loan options
Make extra repayments on your variable rate business loan to reduce interest and redraw funds when you need them.
At a glance
| Borrow from | $10k1 |
| Variable rates from | 7.66% p.a.2 |
| Repayment types | Interest only or principal, interest & fees |
| Redraw facility available | Yes |
| Loan to value ratio | 100%* |
| Monthly service fee from | $143 |
Establishment and other fees apply. Fees are confirmed in your finance offer.
What you could use a business loan for
- Business acquisition
- Startup costs
- Capital investment
- Property acquisition or development
- Refinancing other lending
What you need to apply
Discover your borrowing power in 10 minutes
- Want to borrow between $10k and $5m?
- Looking for a business loan, business overdraft or vehicle and equipment finance?
We can help. Just have these documents handy:
- Latest annual financial statements or business tax return
- 12 months' business activity statements from the ATO
- Signed copy of your lease agreement (only required for property investments)
Enquire now to book in your 10 min borrowing power chat or if you just need to talk through your business needs.
Award-winning customer satisfaction
We’ve won Canstar’s 2024 award for Most Satisfied Customers – Business Bank.
What customers have said about their borrowing experience
"We were over the moon and very appreciative of the speed with which we were able to get an approval" (Lawn Mowing business, VIC)
"I was extremely satisfied with how quick we were able to apply and receive our funds. It took away a lot of stress out of our expansion" (Film Producer, QLD)
"Applying was really easy and meant we were able to purchase the property knowing we had the funds" (Bedding retailer, VIC)
Source: Westpac business lending applicants 2023.
