Business Line of Credit

Access to convenient funds up to an approved limit whenever your business needs it.

Why choose a Business Line of Credit?

A Business Line of Credit gives you the flexibility to borrow however much you need, when you need, up to an approved limit. As long as you keep the loan balance below the credit limit, you decide how often and how much to pay off. A Business Line of Credit is suitable for a wide range of business purposes such as financing investments, short-term working capital, seasonal business requirements and for large operational business expenses such as bulk ordering.

Key features

Interest rate type: Variable
Repayment type: Interest is only charged on the amount used, no set principal repayments required
Term: Ongoing limit, no fixed term
Security: Residential, commercial or rural property security required. Business Assets may also be acceptable.

Interest Rates

Agribusiness

Rates available by speaking with a Business Banking Specialist. Please call us on 13 11 55 for more information.

Commercial Business

Rates available by speaking with a Business Banking Specialist. Please call us on 13 11 55 for more information.

Small Business

Rates available by speaking with a Business Banking Specialist. Please call us on 13 11 55 for more information.

Fees

Fees vary with each application and approved limit

Please note other fees and charges apply. Please call us on 13 11 55 for more information or refer to the lending fees and charges guide.

Applying for a Business Line of Credit

To be eligible for a Business Line of Credit you must have:

A property or equity in a property that can be offered as security and provide business financial statements.
You will need to provide a fully documented application which is subject to credit approval as well as business financial statements.

Please contact us on 13 11 55 for information and assistance regarding the application process.

Considering a Business Line of Credit and want to save on fees?

Planning to use your Line of Credit for large transaction volumes?

Our Money Manager Package can save you fees with unlimited Fee Free Electronic, Staff Assisted, and Cheque Transactions per month

For a flat fee, paid annually or quarterly, we'll waive the Line of Credit establishment fee and your Quarterly Service Fee.

Plus, when you add eligible personal and business loans to your package, you'll pay no establishment fee and receive rebates on ongoing account fees for each of these products.

Contact your Business Banking Manager on 13 11 55 to discuss whether the Business Money Manager Package makes sense for your business.

Lending Fees and Charges

For more details about lending fees and charges download the relevant document

Small Business lending needs up to $1,000,000

Commercial Banking lending needs

Agribusiness lending needs

Ready to apply?

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Call 13 11 55

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Business Lending Products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence number 229882 (“Suncorp Bank”). To approved applicants only. Fees, charges, terms and conditions apply and are available on request. Citigroup Pty Limited ABN 88 004 325 080, AFSL No. 238098, Australian Credit Licence 238098 (“Citigroup”) is the credit provider and issuer of Suncorp Clear Options Business Credit Cards. Suncorp Bank promotes and distributes Suncorp Clear Options Business Credit Cards on Citigroup’s behalf under an agreement with Citigroup. Suncorp Bank will not guarantee or otherwise support Citigroup’s obligations under the contracts or agreements connected with the Credit Cards (other than those relating to Suncorp Bank internet banking and telephone banking).