Approved limit
Size the buffer to the evidenced cash gap rather than the largest amount a lender will offer.
107 reviews 5.0
Business overdrafts. Keep trading.
Give your business room between payments. Your broker explores our 80+ lender panel for suitable overdraft options and explains the limits and facility fees.
- Access funds within an approved limit
- Support for everyday trading gaps
- Compare interest and facility fees
What have you got planned?
Let’s help you fund it.
The balance should fluctuate with operating receipts and payments.
Payroll before customer receipts clear
Supplier payments during a predictable sales cycle
GST or operating payments ahead of receivables
Seasonal stock purchases
Temporary project mobilisation costs
Emergency operating buffer for established businesses
How the account works
These terms describe how business finance is accessed, repaid and priced. Not every compared option includes every feature.
- Limit
- Drawn balance
- Credits
- Debit interest
When business money comes in and goes out
These details show when the business pays the costs connected with business finance and when repayment money should arrive.
- Payroll
- Suppliers
- Receivables
- Seasonality
Fees and other conditions
These explain any asset or guarantee supporting business finance, along with fees, reviews and other material conditions.
- Fees
- Review
- Security
- Guarantee
Have something in mind? Let’s talk finance.
Get my free quoteBusiness finance.
More options. Less legwork.
A business overdraft attaches an approved limit to a transaction account. The balance can move in and out as customers pay and expenses fall due, with interest generally calculated on the amount drawn rather than the full approved limit.
Interest basis
Confirm how debit interest is calculated and when it is charged.
Facility fees
Establishment, line, annual and review fees can apply even when usage is low.
Why choose X Lend for business finance?
That flexibility can suit short gaps between supplier, payroll and customer receipts. It is usually a poor fit for assets or a permanent cash deficit because the finance option can carry establishment, line or review fees and may be repayable or reviewed under its terms.
We compare overdrafts with lines of credit and term loans using the actual cashflow need. The key question is whether the balance will regularly return toward credit, not merely whether the business can access a limit.
Review and security
Understand any annual review, guarantee, property security or cancellation conditions.
Business.gov.au describes overdrafts as a way to manage short-term cashflow gaps and cautions against using them for capital purchases or long-term financing.
Work out your repayments.
Then find your finance.
Try an amount and term for your business finance. When you’re ready, we’ll compare the options available to you.
Business finance repayment calculator
Adjust the amount, term and rate to see an indicative repayment.
Estimate only. Calculations include an assumed $990 broker origination fee and $500 lender fee, both financed. Total repayable includes those fees, interest and any final balloon. Weekly and fortnightly figures are equivalents of the monthly estimate. Actual fees and repayment timing depend on your offer.
What rate could I get?
Your quote takes your circumstances and finance requirements into account. Compare your rate, fees and repayments together before choosing an offer.
Find my optionsYour circumstances.
Your finance options.
Lenders focus on account turnover and the reason for the peak shortfall.
What do I need to qualify for business finance?
- Established trading history
- Regular business-account deposits
- Demonstrable ability to reduce the drawn balance
- Acceptable credit and tax conduct
- Security and guarantees where required
Who can business finance help?
- Businesses with a documented timing gap
- Operators who need reusable access rather than one lump sum
- Companies able to demonstrate regular account credits
When should I consider another option?
- A property, vehicle or equipment purchase
- A business whose balance would remain fully drawn indefinitely
- Owners seeking personal spending through a business facility
Limit would stay fully drawn
That pattern can indicate permanent funding need better suited to another structure.
Turnover does not support limit
The requested buffer should align with regular account credits and the cash conversion cycle.
Tax or creditor arrears are unexplained
Lenders may require a plan and current compliance before adding a revolving limit.
What do lenders look at for business finance?
A business overdraft is a revolving account buffer designed for short timing gaps between operating payments and receipts.
From enquiry to settlement.
We’re with you all the way.
Your broker handles the lender comparison and paperwork for business finance, keeping you informed at each step.
- 01
Tell us your plans
Tell us what you want to finance, how much you need and when you need it. That could include payroll before customer receipts clear.
- 02
We do the lender research
We help organise business bank statements and financial statements or BAS and check established trading history to find lenders that fit your situation.
- 03
Choose your finance
We explain unsecured overdraft and secured overdraft, including the full cost and how repayments fit your budget. You choose the option to take forward.
- 04
We organise settlement
Your broker coordinates lender conditions, signed documents and payment details, so you can focus on what comes next.
Start with your free quote.
Your broker reviews your enquiry and explains the next steps, usually within one business day. An enquiry does not create a credit check or an obligation to proceed.
Find the finance that fits.
Know what you’re choosing.
Access and repayment mechanics distinguish an overdraft from a term loan.
Unsecured overdraft
Relies on business strength and guarantees, often with lower limits or different pricing.
Secured overdraft
Eligible property or other security may support a larger limit, with greater asset risk.
Term-loan alternative
A fixed amount and amortising repayment can suit a defined one-off need better.
Check the cost at a realistic level of use
A low advertised rate can be outweighed by line fees if the finance option is rarely used—or become costly if permanently drawn.
Keep a defined purpose
Monitor whether the overdraft still bridges a timing gap or has become long-term debt by default.
What should I have ready before applying?
- Forecast the maximum and average draw.
- Include line and review fees in cost comparisons.
- Have a backup plan if the facility is reviewed or reduced.
How we can help.
Illustrative examples of how we approach business finance.
Monthly receivable lag
Payroll falls one week before major customer payments.
How your broker helps
Size a revolving buffer from the evidenced weekly gap.
What to have ready
Customer receipts regularly reduce the balance.
Equipment purchase
A machine will be used for five years.
How your broker helps
Use asset finance rather than leaving the overdraft drawn.
What to have ready
The repayment term matches the asset benefit.
Permanent deficit
The account never returns toward credit.
How your broker helps
Review profitability and restructure rather than increasing the limit automatically.
What to have ready
The need is structural, not a timing gap.
A word from your broker.
At X Lend, we start by matching the funding term to the job the money or asset needs to perform. We then identify the documents and policy issues, choose a suitable lender and ask the customer to approve one considered submission.
Let’s compare your options.
Get my free quoteKeep your business moving.
Keep cash for what’s next.
See how arranging finance compares with waiting or paying the full cost upfront.
With business finance
Use business finance for a suitable business need without waiting to accumulate the full amount in cash.
Assess how business finance would affect working capital for day-to-day operations and unexpected expenses.
Compare business finance structures, repayments and total cost before committing.
The cost of waiting.
Suitable opportunities may be missed when funding is not available at the required time.
Operational pressure can continue while the underlying business need remains unresolved.
Paying the full amount from cash can leave less buffer for payroll, suppliers and tax.
Good finance.
Even better support.
Google reviews
Read reviews on Google Review on Google
Super helpful, friendly and fast. Secured a bank loan beyond expectations and did all the tricky leg work. Definitely be using their services again. Corey was a legend!
Review on Google
I can’t recommend Corey from X Lend highly enough. From the very first conversation, he was professional, transparent, and genuinely focused on finding the best outcome for me. Corey took the time to explain every step of the finance process in a way that was easy to understand, answered all my questions promptly, and never once made me feel rushed or pressured. I really appreciated how proactive he was, keeping me updated, following up with lenders, and making sure everything stayed on track. What really stood out was how hard he worked to secure a great deal. He compared multiple lenders, negotiated on my behalf, and ultimately achieved a rate and repayment structure that exceeded my expectations. The whole process of purchasing my car was smooth and stress‑free thanks to their expertise. If you’re looking for someone knowledgeable, reliable, and genuinely in your corner, I wouldn’t hesitate to recommend them. I’ll definitely be using their services again in the future :)
Review on Google
Corey helped me through the entire process of getting my dream family car! He was extremely prompt with his responses and had everything organised quickly and smoothly. I made a huge mistake by settling finance on the wrong car (a 5‑seater instead of a 7‑seater), but Corey was incredibly understanding and supportive. He contacted the dealership, lender, and even rearranged my insurance for me. He did all of this without ever making me feel like a hassle, even though I knew I was being a pain! Despite the setback, Corey stayed fast and efficient, kept me confident throughout the process, and managed to get everything cancelled and re‑approved for a higher amount so I could get my actual dream car. I highly recommend Corey. He speaks to you like a friend and genuinely has your best interests at heart. I already had quotes from Toyota Finance and Toyota Insurance, and Corey was able to get both significantly cheaper. Toyota Finance even reviewed Corey’s figures and confirmed they couldn’t beat them. I will never look to another finance company again.
Let us help with
business finance.
Your business finance questions.
Answered.
The details you want to know before taking the next step.
How is an overdraft different from a business loan?
An overdraft is a reusable limit attached to an account; a term loan advances a fixed amount with scheduled repayments.
Do I pay interest on the whole limit?
Interest is generally charged on the drawn balance, but facility and line fees may apply. Check the specific agreement.
Can an overdraft buy equipment?
It is generally designed for short cashflow gaps. Asset finance or a term loan may better match equipment's useful life.
Can the lender review the overdraft?
Yes. Review, renewal, reduction and cancellation terms vary, so understand them before relying on the limit.
Keep exploring your options
Lines of creditWorking capital loansCashflow financeSecured vs unsecured business loansBusiness lines of credit explainedBusiness finance with a new ABNBusiness loan eligibility checkerBusiness loan calculatorBusiness cashflow calculatorCommercial property LVR calculatorNew ABN business loansTax debt loansShort-term business loans
Further readingbusiness.gov.au — applying for a business loanbusiness.gov.au — reducing business loan costs
Reviewed by Corey Marino
FBAA member M-354085 · Diploma-qualified finance broker · Last reviewed 24 August 2026