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Business Lending2025-02-17T17:03:12+10:00

Flexible Business Loan

Flexible and fast access to business funds

  • Borrow between $5,000 – $250,000

  • Up to 24 months to repay

  • No asset security required

  • Designed for small business

What is a Propell Flexible Business Loan?

Access up to $250K

You’ll be approved for a total limit up to $250K.

No asset security

There’s no asset security required. You don’t need to put your personal assets on the line.

Repay early and save

No penalty to repay early and save. Don’t get locked into a loan that you only need for a few months.

Re-draw facility

Once you repay the loan, the process to access the funds again is much simpler second time around, as an existing customer.

Line of Credit

How do I apply?

You must be a director of the business to apply.

Submit an application online. We just require your ID (drivers licence) and a connection to your Business Banking accounts.

Our team will reach out for additional Financial information, such as Balance Sheets and Profit & Losses.

We look deeper to back good businesses.

Line of Credit

What information do we need?

We assess on financial information which allows us to look deeper to better understand the businesses financial capacity.

  • Financial Statements

    We review financial statements so we can overlook the other potential issues. We can turn around a fast review if you connect your clients Accounting package HERE.

    • BALANCE SHEET – Current FY YTD and last full Financial Year
    • PROFIT & LOSS – Current FY YTD and last full Financial Year

  • Debt Details

    • ATO and Superannuation amounts owing
    • All loans, including amount, interest rate and remaining term

  • Business Information

    • ABN
    • Business background
Line of Credit

Why do we need that?

This deeper understanding means that we may be able to overlook some aspects, typically looked poorly upon by most lenders.

  • Poor credit

    We assess based on financial performance so we may be able to overlook poor credit.

  • Refinance higher risk lenders

    We are happy to refinance. We assess your clients capacity for repayments, regardless of their high risk lending history.

  • Dishonours, or even Defaults

    Can the Dishonours or Default be reasonably explained? With enough evidence we can overlook them, but it may affect pricing.

  • Loan stacking

    We can lend funds along side other loans, as long as the total repayments are deemed affordable.

Get a business loan for

Frequent Questions

Haven’t used a line of credit before? No sweat. We’ll help get you up to speed.

How does Propell charge for a business loan?2025-02-17T17:08:50+10:00

The cost structure of our lending is straightforward. Our loan fees are assessed based on the information you provide and data sources you connect.

Fees average at 2.3%  per month of your selected small business loan amount. Every month, you pay back a portion of the principal plus the monthly fee.

How much can I get access to?2023-05-18T12:05:46+10:00

Propell analyses the health of your business to offer a business line of credit line that is affordable and appropriate for your business. We offer available credit balances of between $5,000 and $250,000.

How long do I have to repay?2024-01-31T12:09:42+10:00

Any amount that you draw down from your available balance is repaid over a 6, 12 or 24 month period.

What is an “unsecured” Business Loan?2025-02-17T17:09:23+10:00

An unsecured business business loans or credit is funding that doesn’t require you to put up any of your valuable assets as security or collateral.

How do I know if I am eligible?2025-02-17T17:12:01+10:00

Our basic criteria are as follows:

  • Business has been operating for 12 months or more
  • The business is profitable
  • The current level of debt in the business is within affordable limits

If you are not sure, we recommend to complete our application form anyway and find out if you are conditionally approved. Finding out if you have a conditional approval will not impact your credit file at all. You’ll be prompted before you take any action that would impact your credit file.

How much can I access at a time?2023-02-28T12:42:19+10:00

You can access as little as $5,000 each time you draw down. There is no limit to the number of times you can draw down funds.

How long does it take to apply?2025-02-17T17:12:40+10:00

Apply in 7 minutes, get approved in 24 hours, provided that we receive all the information we require right away.

How much can I borrow?2023-02-28T12:14:46+10:00

Propell analyses the health of your business to offer a business line of credit line that is affordable and appropriate to help your business grow.

We offer funding up to $250,000.

Are there ongoing fees?2025-02-17T17:14:58+10:00

No, there are no establishment or monthly fees.

The only fees we charge are for late-payments and a monthly loan fee on amounts, which are drawn down.

Can I pay my loan out early?2025-02-17T17:16:54+10:00

Yes. We have no early repayment fees so you can pay the loan out when suits you.

Can I re-draw my funds?2023-02-28T12:20:12+10:00

Yes, you can. As you repay the loan, the funds become available to redraw, just like an overdraft facility.

Is there a time limit to use my funds?2025-02-17T17:22:17+10:00

When a limit is approved, you have 3 months to access the limit. After this time, we may need to undertake a subsequent assessment.

There are no fees incurred in having an approved un-drawn limit.

Can I request an increase in my available limit?2025-02-17T17:23:17+10:00

Yes, you can put in a request to have your Propell credit limit reviewed at any time.

To put in a request, call our team on 1300 804 091 or email support@propell.au

What do you need a business loan for?

Icon Line of Credit Growth Off Grow your business

Grow your business

A line of credit can be a really flexible option when it comes to wanting to grow your business, especially if you want to approach growth in stages, and build slowly. You will be approved for a full limit, but only draw on what you need, when you need it.

Icon Line of Credit Products Off Grab opportunities

Grab opportunities

You never know when the next opportunity is going to come along, but a business loan means you don’t need to miss out on them when they do. Perhaps it’s a bond on your new dream premises that’s just become available, or perhaps a big contract you need to outlay for materials in order to accept it.

Icon Line of Credit Cashflow Off Fill cashflow gaps

Fill cashflow gaps

Every business has its ups and downs when it comes to cash flow. Cash flow gaps don’t usually mean its not a great business, it simply means there is a time difference between when money comes in and when it goes out. Get smarter about how you manage your cash flow and fill those cash flow gaps when they arise with a business loan.

How does Propell work?

Propell Application - Apply in less than 10 minutes

1. Complete our 5 minute application form online.

Propell Application - Get feedback on your business health

2. Provide basic business Financial Information.

Propell Application - Access our products

3. If Approved, we offer a Conditional limit.

  • Propell Application - Apply in less than 10 minutes

    1. Complete our 5 minute application form online.

  • Propell Application - Get feedback on your business health

    2. Provide basic business Financial Information.

  • Propell Application - Access our products

    3. If Approved, we offer a Conditional limit.

Have questions?

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© 2025 Propell Services Pty Ltd.

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© 2025 Propell Services Pty Ltd.