Small Business Lines of Credit

Small Business Lines of Credit

Flexible credit that works for your small business

Credit flow

Trusted by Australia’s fastest growing startups

Rated 5 stars on the Xero marketplace
Marketplace
Increase and extend your working capital with DiviPay

Access to working capital when you need it most

  • Apply for a business line of credit online in minutes
  • Simple approval process that takes into consideration the context of your unique circumstances
  • No personal asset guarantee required
  • A simple monthly fee only when you hold a balance

How our business line of credit works

Apply Online in 5 minutes

Apply Online in 5 minutes

Get approved for up to $20,000

Get approved for up to $20,000

Spend online, in-store or pay bills with DiviPay

Spend online, in-store or pay bills with DiviPay

Payments are grouped into a simple monthly bill

Payments are grouped into a simple monthly bill

Choose to extend your bill by an additional  7, 14 or 30 days

Choose to extend your bill by an additional 7, 14 or 30 days

Small business credit meets advanced spend management

  • Issue unlimited corporate cards to team members
  • Create unique spending rules to help you stay in control of spending
  • Automatic expense management, receipt capture and tax compliance
Small business credit meets advanced expense management

See if you qualify for a business line of credit up to $20,000

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Works seamlessly with all accounting software

Integrate in a few clicks and watch as bills are automatically created and progressed to payment in real-time.

Myob Integration
Netsuite Integration
Quickbooks Integration
Xero Integration
Sage Integration
Microsoft Dynamics Integration
Reckon Integration
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FAQs

What is a business line of credit?

A line of credit gives you flexible access to funds that you can borrow for a certain period of time. It can help cover overheads in the off-season and is generally more flexible than other loans. You can draw down as often as you like, up to your approved limit, while only paying interest on the funds you withdraw.

What is the difference between a business credit card and a business line of credit?

As business credit cards are generally unsecured, the lender will charge higher interest rates and fees. Credit cards also have minimum monthly repayments and will increase the interest rate if those payments are not met. Business lines of credit have lower fees, and you’re often more likely to be able to withdraw more.

Is there a cost to borrowing money from a line of credit?

How much you’ll need to pay is dependent on the provider you choose and what their loan contract involves.

Is a line of credit the same as an overdraft?

No, a business overdraft is linked to your business transaction account and enables you to access extra funds when your account balance reaches zero. It’s not normally used for regular withdrawals as the interest rates are often higher.

What is the risk of a line of credit?

As with all financial products, it all comes down to how you use them. A line of credit shouldn’t be used as a cover for losses or to manage your payroll long term. If you’re continually using a line of credit for day-to-day expenses, and finance is a long-term part of your solution, it might be better to use a term loan.

Fast access to credit to help grow your business

Apply online | Simple approval processs | No personal gurantees

DiviPay budget with card