BUSINESS LOANS

Business Essentials
Term Loan

Loan finance up to and including $3 million to support expansion, capital purchases and more.

Business Bank of the Year six years in a row

BUSINESS LOANS

Business Essentials Term Loan

Loan finance up to and including $3 million to support expansion, capital purchases and more.

Business Bank of the Year six years in a row

Call 1300 628 089

Valuation Rebate Offer

A rebate of valuation costs (up to $5,000) for eligible loan applications of $1,000,000 or more, received on or before 15 December 2023. Terms and conditions apply^

View rates

Establishment Fee Offer

for new loans of $500,000 or more

Loan Amount

$500,000 – $999,999

$1,000,000 – $1,999,999

$2,000,000 - $3,000,000

Establishment Fee

$1,000

$2,000

$3,000

Optional offset facility

Save on interest with an optional offset account available.^#

Flexible loan terms

Find an option that's right for your business with loan terms up to 30 years.

Higher Loan-to-Value Ratio (LVR) lending ^~

Up to 100% LVR with residential security & up to 80% LVR with commercial security.

Flexible repayment

Choose between weekly, fortnightly, or monthly repayments based on your needs.

Split your loan

Fix a portion of your borrowings at a fixed interest rate for greater budgeting certainty.

Access our cashback features

Enables you to access any extra money you’ve paid into your loan (variable only).¹

Interest rates^{^^}

Variable rate - Residential security

Business Essentials Term Loan Variable Rate

>60-80% LVR

$20,000 to
$999,999

$1,000,000 to 3,000,000

View all rates

Variable Rate - Commercial security

Business Essentials Term Loan Variable Rate

>60-70% LVR

$20,000 to
$999,999

$1,000,000 to 3,000,000

View all rates

Fixed Rate - Residential security

Business Essentials Term Loan
3 year fixed rates term

>60-80% LVR

$20,000 to
$999,999

$1,000,000 to 3,000,000

View all rates

Further Loan-to-valuation ratio (LVR) discounts and margins may apply.

Call 1300 628 089

Business tools & calculators

Business Repayment calculator

Business Loan comparison tool

Fees

Standard Establishment Fees

$800

0.3% of total amount borrowed

For total amount borrowed
< $500,000

For total amount borrowed
≥ $500,000

Account keeping fee

$15 per month

Fees

$800

0.3% of total amount borrowed

For total amount borrowed < $500,000

For total amount borrowed ≥ $500,000

Account keeping fee

$15 per month

Please download our Business Lending Fees & Charges document for more details.

How to apply

Check eligibility

To apply for a Business Essentials
Term Loan:

You will need to be able to provide up to two consecutive years of financial information. This may be for a business you currently own or for a business you plan to purchase.
Your maximum required lending amount needs to be $3 million or less.
You need to have security such as residential property, commercial or industrial property, or a combination of these.

Please note: all applications are subject to approval.

Document checklist

To be eligible for a Business Essentials
Term Loan:

two years of financial statements (Balance Sheet and Profit & Loss).
12 months of non-Suncorp account statements, recent Council rates notice for existing property, executed purchase contract (if applicable).
ID documents

Checklist: Business Loan

Call us

If you meet the eligibility criteria & have the documents ready, call us to speak to a business specialist to apply now or to answer any questions.

Mon-Fri, 8am - 5.30pm AEST

Call 1300 628 089

Please download our Business Lending Fees & Charges document for more details.

How to apply

Circles Check eligibility

To apply for a Business Essentials Term Loan:

You will need to be able to provide up to two consecutive years of financial information. This may be for a business you currently own or for a business you plan to purchase.
Your maximum required lending amount needs to be $3 million or less.
You need to have security such as residential property, commercial or industrial property, or a combination of these.

Please note: all applications are subject to approval.

Circles Document checklist

To be eligible for a Business Essentials Loan:

two years of financial statements (Balance Sheet and Profit & Loss).
12 months of non-Suncorp account statements, recent Council rates notice for existing property, executed purchase contract (if applicable).
ID documents

Checklist: Business Loan

Circles Call us

If you meet the eligibility criteria & have the documents ready, call us to speak to a business specialist to apply now or to answer any questions.

Mon-Fri, 8am - 5.30pm AEST

Call us 13 11 55

Useful forms

Direct Debit Stop - Cancellation Request

Add/Delete Authority Request Form

All forms and documents

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Current Special Offer applies to variable loans secured by residential property with an LVR of 80%. For variable loans secured by commercial property with an LVR of 70%, an additional margin of 0.50% p.a. will apply. Further discounts or margins may apply based on LVR.

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. National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) is the credit provider and issuer of Suncorp Clear Options Credit Cards. Suncorp-Metway Ltd ABN 66 010 831 722 (“Suncorp Bank”) promotes and distributes Suncorp Clear Options Credit Cards on NAB's behalf under an agreement with NAB. NAB has acquired the business relating to this credit from Citigroup Pty Ltd (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to assist to administer the Credit Cards. Suncorp Bank will not guarantee or otherwise support NAB's obligations under the contracts or agreements connected with the Credit Cards (other than those relating to Suncorp Internet Banking and Suncorp Telephone Banking).

^#One offset facility available per group of related borrowers. Offset is only available on lending where security is acceptable to the Bank. Offset feature is only available on a variable loan. Terms and conditions apply.

¹ Customers will need to register for the Online Cashback to withdraw their available Cashback via their Internet Banking and the Suncorp App.

~ LVR stands for loan to value ratio at loan approval. LVR is the amount of the loan compared to Suncorp Bank’s valuation of property offered to secure the loan as a percentage. For loans secured by residential property with a LVR of over 80%, or for loans secured by commercial property with a LVR of over 70%, a margin will be added to your interest rate.

^^Interest Rates effective 19 May 2023. The interest rate offered by Suncorp Bank on the date of loan settlement will apply. Further discounts or margins may apply based on LVR.