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 | 7.91% 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
Want a business loan without the need for security?
Borrow up to $250k
Whether you're an existing Westpac customer or not with us yet, find out how you could get a business loan without providing physical assets as loan security.
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.
Keep exploring
Things you should know
Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for more details.
*Loan amount of up to $3m per customer, with a maximum of $3m in exposure across customer group facilities. Businesses must be operating and profitable for at least two years. Loans only available for purchase of owner-occupied non-specialised commercial property or business expansion. You should consider the increased risks associated with high loan to value ratio borrowing.
1. Eligibility, credit criteria and type of security determine how much you can borrow.
2. Rates vary depending on a number of factors, such as loan term and the type of security provided.
3. Accrues monthly, payable quarterly in arrears. Other fees may apply.
Find out what information you need to provide to become a customer.