A True Revolving
Line of Credit

Stay in control with an ongoing funds facility that allows you to confidently manage day to-day cash flow fluctuations.

$2,000 – $25,000

Free to apply. No obligation.

A True Revolving  
Line of Credit

Stay in control with an ongoing funds facility that allows you to confidently manage day to-day cash flow fluctuations.

$2,000 – $25,000

Free to apply. No obligation.

A line of credit TO HELP YOU GROW YOUR BUSINESS

A Smart Advance Line of Credit is a safety net designed to give you the confidence to focus on what you love about your business…without worrying about day-to-day finances. Be approved for up to $25,000, dip in when you need it and pay competitive interest only on what you use, for as long as you use it.

Manage fluctuations in cash flow

Paying staff wages

Covering unpaid invoices

Buying urgent stock

Managing seasonal fluctuations

Paying suppliers

BAS payments

The smart advance small business loan

FLEXIBLE

  • Manage unexpected cash flow gaps
  • Be approved for $2,000 to $25,000
  • Use & reuse as many times as you need throughout the 12-month term

FAST

  • Access to capital when you need it
  • Funding possible in 24 hours
  • No security and minimal paperwork needed to access the funds

Product Features

With a Line of Credit, you’re always prepared so you can focus on the things you love about your business rather than worrying about cash flow.

Be approved for up to $25,000, dip in when you need it and only pay interest on what you use, for as long as you use it. Funds when you need them. Manage cash flow with confidence.

$2k – $25K available

Rates from 14.95% APR*

Use and reuse as many times as you need throughout the 12-month term

Only pay interest on what you use, when you use it

Make additional principal repayments at any time

No paperwork required to apply

Apply in 10 minutes, fast decision and funding possible in 24 hours

No asset security required to access the funds

Quick access to working capital when you need it

Once off $195 Line Activation Fee

$25 Monthly Subscription fee

Have a chat with us

We Are here to help.
Call us today: 1300 917 948

How Does it work?

Apply for a Line of Credit

Be approved for $2,000 to $25,000

Set up access to your secure online portal

Access the funds when you need them

Free to apply & no obligation

are an  Australian Citizen  (or permanent resident)

are over 18 years, own an  Australian business (with a valid ABN/ACN)

can demonstrate 6 months of trading  for a new business (or 3 months if purchased an existing business)

Need more than $25,000?

Check out our Small Business Loan
Learn more

Most frequently asked questions

What are the costs of borrowing with a line of credit?

With a Smart Advance revolving Line of Credit there are three different costs:

  • There is a one-off charge called a Line Activation Fee of $195, which is charged when you first make a draw down.
  • There is a Monthly Subscription Fee of $25.00 which is charged monthly in arrears from when you first make a draw down.
  • You pay interest – but only on the funds you have drawn down, and only until you repay those funds. Interest is charged at a fixed rate, calculated daily based on your drawn balance, and charged weekly. The facility limit of your Line of Credit, and your interest rate, will be based on our assessment of your business. Rates for Line of Credit start from an Annual Percentage Rate (APR) of 14.95% p.a.

Every week we will attempt to Direct Debit your business account for the repayment amount owing that week, any unsuccessful attempt will attract a $25 Dishonour Fee, as well as a Late Payment Fee.

How long is my Line of Credit available?

Your Line of Credit will be available for a period of 12 months provided you make a draw down within the first 4 weeks. If you wish to extend your Line of Credit beyond this 12–month period, we will need to re-assess your business situation in case anything has changed. This re-assessment and approval can be done easily over the phone.

How do I pay back the Line of Credit?

When you draw down on your Line of Credit, we will set up an automatic repayment schedule with set weekly repayments over 12 months.

The weekly repayment will comprise interest and a portion of principal (1%) as well as any applicable fees.

So that you don’t need to worry about missing a payment, our set weekly repayments will be automatically debited from your nominated business bank account.

You can choose to simply pay the set weekly repayments, or you can make additional payments at any time to reduce your drawn balance, thus reducing the amount of interest you pay. It’s up to you.

What can the Smart Advance Line of Credit be used for?

A Smart Advance Line of Credit can be used for almost any business purpose – including activities that help you manage day-to-day cash flow. For example, it could be used for paying staff wages, covering unpaid invoices, buying urgent stock, managing seasonal fluctuations, paying suppliers and much more. The Line of Credit cannot be used for personal purposes.

Tell me about the Smart Advance Line of Credit?

Smart Advance’s Line of Credit gives you access to a convenient and flexible source of funds between $2,000 to $25,000 and you only pay interest on what you use.

Do I qualify for a Business Line of Credit?

You can apply for a Smart Advance’s Line of Credit if you:

  • are an  Australian Citizen  (or permanent resident)
  • are over 18 years, own an  Australian business (with a valid ABN/ACN)
  • can demonstrate  6 months of trading  for a new business (or  3 months  if you have purchased an existing business)
Can I speak to someone about a Line of Credit?

Sure thing. Call our friendly team at 1300 917 948.

GET IN TOUCH
WE ARE HERE TO HELP.

Please let us know if you have a question, want to leave a comment, or would like further information about Smart Advance.

Postal Address:
Level 14, 309 Kent Street
Sydney NSW 2000

Phone: 1300 917 948

Email: [email protected]

*Terms and Conditions. $0 line activation fee offer applies to new Line of Credit customers only. Line of credit must be approved and an initial drawdown (min. drawdown of $250) made between 8 April and 2 May 2019 (inclusive). Usual line activation fee is $195.

Monthly Subscription Fee of $25 applies. Offer only available to customers with connected electronic bank statements. Offer available on the Line of Credit product only. Not valid in conjunction with any other offer; offer may be withdrawn without notice; standard approval criteria and terms and conditions apply.

Interest rate

*Lowest rate is 14.95% Annual Percentage Rate (APR). A risk-based pricing model is used to determine applicable rates using factors such as industry, years in business, cash flow and creditworthiness. Rates for Line of Credit range from 14.95% to 29.95% APR. The lowest rate is only available to applicants with the strongest cash flows, business experience and credit ratings.

Approval is subject to credit assessment. Fees, terms and conditions apply. These rates apply to the Line of Credit product only.