Check Your Eligibility

Loan amounts, terms & repayments

Facility limits:

Unsecured lines of credit are typically available up to $250,000 . Higher limits may be offered with additional financials or security.

Terms:

Usually open-ended or reviewed annually, unlike fixed-term loans.

Repayments:

You only repay what you draw. Once repaid, the funds become available again.

Interest:

Charged only on the amount you’ve withdrawn—not the total limit.

This makes a line of credit one of the most flexible funding products on the market.

Loan Structure
Loan Structure

How the process works

Application:

Share details about your business, including revenue and trading history.

Documentation:

For unsecured facilities up to $250k, most lenders only require bank statements and ID.

Assessment:

Lenders review your cashflow to determine a suitable credit limit.

Approval:

You receive a revolving facility with a set limit.

Access funds:

Draw money when you need it, repay when convenient, and redraw again later.

Documentation checklist

Unsecured line of credit up to $250k:

•6 months of business bank statements
•Photo ID of the business owner(s)
•ABN details

Higher limits (> $250k):

•BAS and financial statements
•Tax returns
•Additional security if required

The streamlined process ensures quick approvals without endless paperwork.

Loan Structure
Loan Structure

Why work with Ezy Pzy Finance?

1

Not a lender or broker:

We’re an introducer—our job is to connect you with the most suitable lender that can offer a line of credit for your business.

2

Multiple finance options, zero credit score impact.

Many of our lenders can provide indicative finance options upfront, based on a soft check that won’t affect your credit score.

3

Speed & clarity:

We streamline the submission process and keep communication clear so you know what’s next.

4

Specialised focus:

We work specifically with fast, low-doc business funding providers for Australian ABN holders.

5

Hands-on support:

We guide and streamline the process for you, saving you hours of work and saving you money through our extensive expertise and strong lender connections.

6

Consistency:

A dedicated point of contact ensures your case moves quickly from scenario to funds received in your account.

How It Works Illustration1
How It Works Illustration2

Ready To Secure Fast Funding For Your Business?

Whether you require funds for cashflow support, payroll, stock, or growth opportunities, Ezy Pzy Finance makes it simple. We’ll connect you to the right lenders who specialise in fast, low-doc finance. Approvals in as little as 2 hours, funding in as little as 24 hours.

Take the next step. See your finance options in just 60 seconds with a soft check only – zero impact on your credit score, no obligations. Click the button below to get started now.

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FAQ's (Business Line of Credit)

What is a business line of credit?

A business line of credit is a revolving facility with an approved limit. You draw what you need, repay it, and draw again without reapplying, and you only pay interest on the balance you have actually used. That makes it different from a term loan, where you receive one lump sum and repay it on a fixed schedule. Lines of credit suit recurring cash flow gaps, seasonal stock purchases and unplanned costs rather than a single large purchase.

How is a line of credit different from a term loan?

A term loan gives you a set amount up front with fixed repayments over an agreed term, which works well for a defined purchase such as equipment or a fit-out. A line of credit is ongoing: the limit stays available, you borrow in smaller amounts as needs arise, and interest is charged only on what is drawn. Many businesses hold both, using the loan for one-off investments and the line of credit as working capital in reserve.

How much can I access?

Unsecured business lines of credit commonly range from around $5,000 up to $500,000, depending on your monthly turnover, time trading and credit profile. Lenders usually size the limit as a proportion of average monthly revenue shown in your bank statements, so a growing business can often ask for a review and a higher limit after a few months of good conduct. Larger limits may be available where property or other assets are offered as security.

Do I pay interest on the full limit?

No. Interest accrues only on the drawn balance, calculated daily and charged weekly or monthly depending on the lender. If your limit is $100,000 and you have drawn $20,000, interest applies to the $20,000 only. The undrawn portion costs nothing in interest, although some lenders charge a line or facility fee to keep the limit open, so it is worth checking the fee schedule before you accept.

What does a business line of credit cost?

The main cost is interest on the funds you draw. Some facilities also have an establishment fee when the line is set up and an ongoing line fee or monthly account fee. Pricing varies with the strength of your cash flow, whether security is offered and the size of the limit. The useful comparison is the total cost over the way you expect to use the facility, not the headline rate alone. We show the full cost before you commit to anything.

How quickly can I be approved and draw funds?

Because assessment is based largely on bank statement data rather than full financials, approval can be given within hours of a complete application, and the first drawdown is typically available within one to two business days of accepting the offer. Once the facility is open, further draws are usually processed the same day through the lender portal or by request, which is the point of having the line ready before you need it.

What documents are required?

For most limits you will need an active ABN or ACN, photo identification for the directors or owners, and three to six months of business bank statements, which can usually be shared through a secure read-only bank link. Larger limits may also call for recent BAS, a profit and loss statement or an aged receivables report. Low-doc options exist for smaller limits where the bank statements alone show consistent trading.

Are business lines of credit secured or unsecured?

Both are available. Unsecured lines of credit rely on your cash flow and trading history and are the most common choice up to around $500,000. Secured facilities, backed by property, equipment or other assets, can support higher limits and usually carry lower rates because the lender has less risk. For company borrowers, a personal guarantee from the directors is standard on unsecured facilities even though no asset is pledged.

Who is eligible for a business line of credit?

Typical requirements are an active Australian ABN, at least six to twelve months of trading, and a minimum monthly turnover that varies by lender but often starts around $5,000 to $10,000. Sole traders, partnerships, companies and trusts can all apply. Your credit file is considered, but lenders weight recent cash flow heavily, so a past default is not automatically disqualifying if current trading is sound.

Can I use the funds for any business purpose?

Yes, as long as the purpose is business related. Common uses include paying suppliers early to secure discounts, covering wages during a slow month, buying seasonal stock, meeting a BAS or tax bill on time, funding a marketing push ahead of a busy period, or handling an unexpected repair. The facility cannot be used for personal or household expenses, and lenders may ask about intended use at application.

How do repayments work?

Repayment structures differ between lenders. Some set a minimum weekly or monthly repayment that covers interest plus a portion of principal, so the drawn balance reduces steadily. Others are interest-only with the balance reviewed annually. Any amount you repay frees up the limit to be drawn again. Many lenders allow early repayment of the drawn balance without penalty, but confirm this in the offer document before signing.

Will a line of credit affect my business credit profile?

Applying may involve a credit enquiry, which is recorded on your file, so it is better to apply once through an introducer who matches you to suitable lenders than to make multiple direct applications. Once the facility is open, using it sensibly and meeting repayments can strengthen your business credit history, while missed repayments will be reported and can affect future borrowing. Treat the limit as a tool rather than extra income.

Can a new business or startup get a line of credit?

Usually only once it has some trading history. Most lenders want to see at least six months of trading and regular revenue through a business bank account before offering a line of credit, and limits for newer small businesses tend to start lower. If you have been trading for less than six months, a secured option or a smaller facility may be more realistic, and your limit can often be reviewed as revenue grows.

How do I apply for a business line of credit?

Start with a quick eligibility check, which uses a soft check rather than a hard credit enquiry. You will then usually be asked for your ABN, ID and recent business bank statements, typically covering the last three to six months. The lender assesses your revenue, account conduct and credit history and sets your limit. Once you accept the offer, you can draw on the facility whenever you need it.

Is a business credit line the same as a business line of credit?

Yes. Business credit line, credit line for business and revolving business facility are different names for the same product: an approved limit you can draw on, repay and draw on again, paying interest only on the amount you use.

Do you lend directly, or work with line of credit lenders?

Ezy Pzy Finance is an introducer, not a lender. We match Australian small businesses with line of credit lenders whose criteria they are likely to meet, so you avoid applying with several lenders at once and collecting unnecessary credit enquiries.

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