Fixed Business Loan

Simple and fast access to business funds

Access up to $250,000
Repay over 12 or 24 months
No asset security required
Repay and reuse
Designed for small business

What is a Propell Fixed Business Loan?

When you are approved for Propell lending services, a Fixed Business Loan is one of the ways that you can access your cash.

Access up to $250K

You’ll be approved for a total available balance. Access as much or as little as you need at any time. Don’t pay interest on credit you don’t need right now.

No asset security

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

Simple monthly repayments

Secure a lower rate with a fixed term and make simple monthly repayments.

A loan you can re-draw

Repay and reuse. Don’t apply over and over again for loan services. Get an available balance that you can draw on any any time.

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.

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How do I apply?

Our application is fast, simple and online.

You must be:

A Director / Owner of the business

You’ll need:

Your ID
Online business banking details

Get Started

Get a fixed business loan for

Staff overheads

Buy new equipment

Repairs and maintenance

Open a new premises

Frequent Questions

Haven’t had a business loan before? No sweat. We’ll help get you up to speed.

How much can I get access to?Sarah Leaman2023-05-18T12:05:46+10:00

How much can I get access to?

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 do I know if I am eligible?Sarah Leaman2025-02-17T17:12:01+10:00

How do I know if I am eligible?

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?Sarah Leaman2023-02-28T12:42:19+10:00

How much can I access at a time?

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 much can I borrow?Sarah Leaman2023-02-28T12:14:46+10:00

How much can I borrow?

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.

What is the duration of the business loan?Sarah Leaman2024-01-31T12:08:29+10:00

What is the duration of the business loan?

The Business Loan can be taken over 12 or 24 months.

However once repaid, you can access the funds again and again.

Are there ongoing fees?Sarah Leaman2025-02-17T17:14:58+10:00

Are there ongoing fees?

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?Sarah Leaman2025-02-17T17:16:54+10:00

Can I pay my loan out early?

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

Can I re-draw my funds?Sarah Leaman2023-02-28T12:20:12+10:00

Can I re-draw my funds?

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?Sarah Leaman2025-02-17T17:22:17+10:00

Is there a time limit to use my funds?

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?Sarah Leaman2025-02-17T17:23:17+10:00

Can I request an increase in my available limit?

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

How long does it take to apply?Sarah Leaman2025-02-17T17:12:40+10:00

How long does it take to apply?

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

What is an “unsecured” Business Loan?Sarah Leaman2025-02-17T17:09:23+10:00

What is an “unsecured” Business Loan?

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.

View all FAQ’s

What can you do with Propell funds?

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 can have access to your full available credit amount, but only draw on what you need, when you need it. And only pay interest in the part you need too. Grow your business on your terms.

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Grab opportunities

You never know when the next opportunity is going to come along, but having an available balance of cash available if you need it, 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.

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