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ANZ GoBiz

Easily apply online for a business loan or a business overdraft through a one-time connection to your accounting software. Apply for unsecured business finance and, if eligible, get conditional approval in minutes.

To get started:

  Apply for a loan or overdraft in just 20 minutes

ANZ GoBiz lending solutions

ANZ GoBiz features unsecured lending solutions to help businesses grow and manage their cash flow. The online application will help you select a suitable option to meet the needs of your business.

Unsecured Business Loan

Unsecured business loans under the Government SME Recovery Loan Scheme have an agreed lending term of up to seven years and can suit small and large capital purchases. With a loan you'll need to make monthly repayments.

Rates

$10,000-$200,000

From  disclaimer

Loan amount Variable interest rate


Term: Borrow money for up to seven years with a variable interest rate. Looking to borrow money over more than seven years? Talk to a business banking specialist about other ANZ offers.

Repayments: Principal and interest monthly repayments* 

Fees: No upfront fee. No annual fees

The benefits

  • Great for growing your business
  • No additional cost for early repayments
  • If you don't have a linked ANZ business transaction account, we'll open a transaction account for you with a low monthly account service fee of only $10 per month.

*12-month deferral repayment option is availabledisclaimer on request after your online application is submitted. Interest rates may be higher for loans with a deferred payment period.

Principal and interest repayments only, if you are looking for an interest-only loan connect with an ANZ business banking specialist.

Unsecured Business Overdraft

Get the flexibility to easily draw money as you need it, up to your agreed limit, to manage cash flow cycles and keep your business moving.

Rates

$2,000-$100,000

  

Overdraft amount Variable interest rate 


Term: No minimum or maximum term

Repayments: No repayment deadline

Fees: No upfront fee. Tiered annual fee based on your overdraft limit starting from $250 p.a.

The benefits

  • Great for meeting day-to-day expenses
  • Helps you manage interim cash flow needs
  • Only pay interest on the money you use
  • If you don't have a linked ANZ business transaction account, we'll open a transaction account for you with a low monthly account service fee of only $10 per month.

 

Learn more about overdrafts

What does 'unsecured' mean?

An unsecured loandisclaimermeans you won’t need to provide any assets (such as a property) to secure your loan. However, directors of the company will need to provide a personal guarantee. Learn more about unsecured loans.

Eligibility criteria

 You need to be:

  • an Australian citizen or permanent resident aged 18+
  • a sole trader, or a director and the key financial decision maker for your business.

  Your business needs to:

  • have been actively using a Xero, MYOB or Intuit QuickBooks subscription with at least 12 months of financial data and the default currency set as AUD
  • be registered as either a sole trader or an Australian private company with an active ACN and established in Australia
  • have had a valid ABN for at least 12 months
  • be GST registered for at least 12 months, with an annual turnover of at least $75,000
  • have five or fewer directors
  • any non-individual shareholders will need to own less than 25% of your business
  • if you’re applying for an unsecured business loan, your business and lending needs will need to meet the Government SME Recovery Loan Scheme criteria.

Required accounting software

Xero, Intuit Quickbooks and MYOB AccountRight logos

Learn more about required accounting software and the data that is shared when you apply with ANZ GoBiz.

More about ANZ GoBiz

ANZ GoBiz is not suitable if your business:

  • is established as a trust or partnership, or is a franchised business
  • has $200,000 in existing business lending with ANZ (including this proposed credit application)
  • has existing secured business lending with ANZ
  • has had changes to its directorship or management structure in the past 12 months
  • if you’re applying for an unsecured business loan, ANZ GoBiz will not be suitable if your business and lending needs don’t meet the Government SME Recovery Loan Scheme criteria.

To apply for an unsecured business loan please ensure that your business and lending needs meet the Government SME Recovery Loan Scheme criteria.

To be eligible for lending under the Scheme, your business must have:

  • an ABN; and
  • an annual turnover of less than $250 million (2019-2020) or is likely to be less than $250 million (2020-21 or 2021-22 income year); and
  • been adversely economically impacted by COVID-19.

All lending contracts under the Scheme must be entered into by 30 June 2022.

For further details on the Scheme eligibility criteria, visit the Treasury website.

Ready to get started with ANZ GoBiz?

 

Keep these details handy

Before you get started with ANZ GoBiz please ensure that your financials are up-to-date and recent transactions are reconciled.

You will also need to have the following documents ready:

  • Your ABN/ACN
  • You'll need to login once to your accounting software, so ensure you have those login details on hand
  • Tax number (if you're an overseas citizen or resident)
  • Australian driver licence (optional)
  • Personal and business information for yourself, other directors, non-director shareholders and senior managing officials of your company such as their date of birth, email, phone number, residential and mailing addresses, citizenship and driver licence.

Begin application

Complete the simple online application and get going with ANZ GoBiz.

Apply online

Loans and overdrafts illustration of calendar, plant pot, coins and bank card

 

Need to explore other business lending options?

If ANZ GoBiz isn't quite right for you, we offer a variety of other business loans and overdrafts that can fit your needs and help you manage your cash flow.

Explore loans and overdrafts

How small businesses are using ANZ GoBiz

Octtava Wines hits a high note with an ANZ GoBiz loan

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Octtava Wines owner Nikki Palun applied for a business loan using ANZ GoBiz to fund her bold, inner-city vision for music, food and wine venue.

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Building a gem of a business with help from an ANZ GoBiz loan

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Brisbane jeweller Ashley Portas is funding the next chapter of growth for his successful jewellery store, Diamondport, with help from ANZ GoBiz.

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Using your accounting software to get a faster business loan

4-minute read

The accounting platform that you use every day could be the key to taking your business to the next level.

Keep reading

Have a question?

While both business loans and overdrafts involve borrowing money, they’re set up differently to meet different needs.

Business loan

A business loan has a set lending term and can suit small and large capital purchases. With a business loan you will make regular agreed repayments.

Business overdraft

Overdrafts are flexible short-term cash flow solutions that can help with the ups and downs of business by covering trading or seasonal cash flow cycles or managing working capital, e.g. paying suppliers or purchasing stock. Unlike business loans, overdrafts do not have set repayment commitments. You can draw on the funds in your overdraft, up to the agreed limit, and make deposits when funds are available. There is a fee that is applied to the limit, but you’ll only pay interest on the overdraft amount you use, not on the total limit.

To establish your financial eligibility, we’ll need to make a one-time only connection to your accounting software subscription. You’ll need to ensure that your financials are up-to-date and recent transactions are reconciled.

Once you log into your accounting software subscription and provide consent, ANZ will securely access and analyse your business’s financial data for the 12 full calendar months prior to your application, including:

  • profit and loss
  • balance sheetdisclaimer
  • historical transactions and supporting information

We may also use this information to identify ways we can help your business in the future and discuss these with you. All information you share will also be used in line with our Privacy Policy.

We’ve waived ANZ’s standard approval fee for all ANZ GoBiz applications.

We’ve also waived the annual loan administration charge for business loans acquired through ANZ GoBiz.

ANZ’s standard Credit Facility fees will apply to business overdrafts.

Other standard fees may apply (such as late payment fees). You can read more ANZ fees (PDF 162 kB).

To access your funds, you’ll need a linked ANZ business transaction account. If you don't already have one, we will open an ANZ Business Advantage account for you. This low-cost transaction account gives you easy access to your money via ANZ Internet Banking, ATMs and branches.

Benefits of an ANZ Business Advantage account:

  • Unlimited ANZ transactions per monthdisclaimer
  • ANZ Business Visa Debit cardsdisclaimerand ANZ Internet Banking available
  • Daily payment limits of up to $50,000 (with ANZ Shield)
  • $10 monthly account servicing fee

At the end of the 20 minute online application, it’s possible that you’ll receive a conditional approval. This means that you’re approved for credit from us, subject to our team verifying the information you provided and checking your existing account conduct (where applicable).

It should take no more than two business days before we can provide the final, unconditional approval. There may be instances where we need additional information from you, which could extend this timeframe.

If we are unable to approve your application, we’ll let you know what your next steps are.

At the end of the ANZ GoBiz application we will ask for your consent and for the consent of any other directors to complete a credit check. The credit check involves ANZ accessing credit reports from credit reporting bodies. These reports contain information, such as your credit history, that assists us in assessing your application.

If your business has multiple directors, you’ll need to provide contact details for each director so that we can contact them and get their digital consent to conduct an individual credit check.

By applying through ANZ GoBiz, we’ll collect your personal and business information to assess your application.

We may use this personal and business information to progress your application, including contacting you about incomplete applications and to request a credit report from a credit reporting authority.

You, or other company directors, can call us on 13 13 14 at any time to withdraw consent to this use of your personal or business information, or to find out more. You can also read more about the collection of personal information at ANZ's Privacy Centre.

Interest rates and fees are current as at and are subject to change without notice. The interest rate on Variable Rate Loans is subject to change throughout the term of the Loan.

Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider whether it is appropriate for you.

ANZ recommends you read the applicable Terms and Conditions and the ANZ Financial Services Guide (PDF 104kB) before acquiring the product.

Terms and conditions:

Finance Conditions of Use - ANZ Business Banking for new facilities on and from 24 May 2021 (PDF 207kB), Finance Conditions of Use - ANZ Business Banking for existing facilities as at 24 May 2021 (PDF 174kB)Key Terms of your Business Lending – ANZ Business Banking (PDF 63kB)ANZ Business Overdraft Specific Conditions of Use - ANZ Business Banking (PDF 69KB)ANZ Term Loans Specific Conditions of Use - ANZ Business Banking (PDF 76kB)ANZ Business Transaction Accounts Terms and Conditions (PDF 474kB)

Fees and charges:

ANZ Business Banking Finance Fees and Charges for new facilities on and from 24 May 2021 (PDF 181kB), ANZ Business Banking Finance Fees and Charges for existing facilities as at 24 May 2021 (PDF 162kB)Business Banking Transaction Account Fees and Charges (PDF 148kB)Business Banking General Service Fees and Charges (PDF 131kB)

Unlimited ANZ transactions available using ANZ Internet Banking, ANZ Phone Banking, ANZ ATMs, ANZ Business Visa Debit and EFTPOS. Also includes any deposit, withdrawal or transfer at ANZ branches, cheques drawn by you and any cheque or manual merchant slip deposited to your account. Additional fees and charges apply to certain services, such as overseas ATM fees and international transactions.

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Interest rates may be higher for loans with a deferred repayment period.

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Repayment deferral of 12 months is available on term loans, with interest capitalised. Interest capitalisation is the addition of unpaid interest to the outstanding loan balance. The outstanding loan balance increases when payments are postponed during periods of deferment and unpaid interest is capitalised.

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For an unsecured loan you won’t need to provide an asset as security, although a personal guarantee may be required (for example from company directors).

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For MYOB users balance sheet data is consumed from subscription commencement.

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Unlimited ANZ transactions available using ANZ Internet Banking, ANZ Phone Banking, ANZ ATMs, ANZ Business Visa Debit and EFTPOS. Also includes any deposit, withdrawal or transfer at ANZ branches, cheques drawn by you and any cheque or manual merchant slip deposited to your account. Additional fees and charges apply to certain services, such as periodical payments, overseas ATM fees and international transactions.

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Eligibility criteria and terms and conditions apply. Please refer to the ANZ Business Transaction Accounts Terms and Conditions (PDF 474kB).

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