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Flexible Business Loan2025-02-24T15:34:30+10:00

Flexible 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 Flexible Business Loan?

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.

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.

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.

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.

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.

What can you do with Propell funds?

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 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.

Icon Line of Credit Products Off Grab opportunities

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.

"Great, easy to use service. It seriously could not have been easier to apply. Will be using this service again and again."

"Great, easy to use service. It seriously could not have been easier to apply. Will be using this service again and again."

Mario – AC Markets

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?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 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 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.

What is the duration of the business loan?2024-01-31T12:08:29+10:00

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?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

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.

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.

Have questions?

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© 2025 Propell Services Pty Ltd.

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© 2025 Propell Services Pty Ltd.