Key Takeaways
- Business finance rates currently range from around 7.20% to 15% per annum.
- We compare 80+ banks and non-bank lenders in a single application at no cost to you.
- Low doc finance up to $500k — ABN and driver's licence only. No bank statements required.
- Zero-deposit options available for eligible businesses.
- Most applications receive a decision within 24–48 hours.
- Pre-approval valid for 90 days — lock in your rate before choosing your asset.
Business finance in Australia starts with Overdrive Funding. We're a family-owned broker with over 30 years of experience, comparing 80+ banks and non-bank lenders to secure the most competitive rate available for your asset and business profile.
How Business Finance Works
Run the numbers on your repayments
Use our finance calculator to estimate weekly or monthly repayments.
Business finance allows your business to acquire the asset without paying the full purchase price upfront. A lender funds the purchase and you repay over an agreed term — typically 12 to 84 months — through regular repayments. The most common structure is a chattel mortgage, where your business owns the business from day one and the lender holds a charge as security. You can claim the GST input tax credit upfront and depreciate the asset at tax time. Finance lease is an alternative for off-balance-sheet treatment. We'll help you choose the right structure for your tax position and cash flow.
Current Business Finance Rates
Business finance rates in Australia currently range from around 7.20% to 15% per annum. The rate you're offered depends on your credit profile, ABN history, asset age, loan amount and the lender. New assets from established businesses with clean credit attract the sharpest rates. Used assets, new ABNs and specialist configurations carry higher rates. By comparing 80+ lenders, we identify the most competitive rate available for your specific situation — and our service costs you nothing.
Eligibility
- Active ABN
- GST registered (or able to register)
- Purchasing the asset for business use
- Low doc (up to $500k): ABN and driver's licence only — no bank statements required
- Full doc (over $500k): tax returns, BAS and financial statements may be required
- New ABNs and start-ups considered by specialist lenders on our panel
- Bad credit or previous defaults: specialist finance options available
Why Use Overdrive Funding?
- 100% free service — paid by the lender after settlement, no cost to you
- Access to 80+ banks, credit unions and non-bank lenders
- Single application — no multiple credit enquiries
- Over 30 years of asset finance experience
- Family-owned and operated Australian business
- Fast approvals — most decisions within 24–48 hours
- Flexible structures: chattel mortgage, finance lease, commercial hire purchase
- Pre-approval valid for 90 days
Ready to Compare Business Finance Rates?
- Call Simon Kendrick directly on 1300 001 420 or submit an online enquiry.
- We compare 80+ lenders in a single application — free, fast, and without affecting your credit score.
