Shift Business Overdraft

About Business Overdraft

Shift publishes these details for Business Overdraft: structure overdraft; loan amount $10K to $2M; term up to 5 yrs; documentation linked bank account data; financials are assessed for limits of $500K and above; funding time limits under $500K can be approved within hours, with no paperwork; suitable purposes cash flow. Not published by Shift for this product: security, maximum LVR, time trading, turnover, guarantees. Ask the lender or a finance specialist to confirm these before you apply.

How it differs from other Shift products

• Asset Finance: Structure is overdraft here and equipment loan for Asset Finance; loan amount is $10K to $2M here and up to $2M for Asset Finance; term is up to 5 yrs here and up to 7 yrs for Asset Finance; security is published for Asset Finance (varies) but not for this product.
• Equipment Line: Structure is overdraft here and line of credit for Equipment Line; loan amount is $10K to $2M here and up to $2M for Equipment Line; time trading is published for Equipment Line (2+ years trading) but not for this product; Shift publishes documentation (linked bank account data; financials are assessed for limits of $500K and above) for this product but not for Equipment Line.
• Term Loan: Structure is overdraft here and term loan for Term Loan; loan amount is $10K to $2M here and $25K to $2M for Term Loan; time trading is published for Term Loan (2+ years trading) but not for this product; turnover is published for Term Loan ($250K+ annual turnover) but not for this product.
• Trade Account: Structure is overdraft here and trade finance facility for Trade Account; loan amount is $10K to $2M here and up to $500K for Trade Account; Shift publishes term (up to 5 yrs) for this product but not for Trade Account; documentation is linked bank account data; financials are assessed for limits of $500K and above here and aBN, Australian mobile number, driver's licence or passport, and Australian bank account details for Trade Account.