Line of Credit
Line of Credit For Small Business
Borrow up to $250,000
Use funds again & again
Apply in minutes
Get On Top Of Your Cash Flow
Keep your business moving with a Propell line of credit. It is completely free to apply online and only takes a few minutes. Propel’s line of credit is completely unsecured, meaning you do not have to put up any assets as security or collateral.
With your line of credit, you will be able to ensure you are able to:
Pay Wages – Buy Stock – Cover For Late Payments – Pay Supplier Invoices
Average Business Loan
Full amount is interest bearing
Once only use. Need to reapply for future loans.
Small business struggle to get approved, especially by banks.
Propell Line of Credit
Interest only added once balance is drawn.
Re-pay loan and the balance is available again.
Line of credit designed with small business in mind.
What do you need a Line of Credit for?
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.
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.
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 line of credit.
100% Online Application
Apply in minutes
No hidden fees
Free to sign up
100% Online Application
Apply in minutes
No hidden fees
Free to sign up
"I’d been having trouble getting a loan as I had some issues in my banking, like days in negative. I submitted my Financial statements to Propell and they were able to see clearly that I am running a solid business and were able to give me the funds I needed."
"I’d been having trouble getting a loan as I had some issues in my banking, like days in negative. I submitted my Financial statements to Propell and they were able to see clearly that I am running a solid business and were able to give me the funds I needed."
Propell customer
Ready to take your business forward?
Our team are here to support you – every step of the way.
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.
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.
Any amount that you draw down from your available balance is repaid over a 6, 12 or 24 month period.
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.
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.
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.
Apply in 7 minutes, get approved in 24 hours, provided that we receive all the information we require right away.
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.
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.
Yes. We have no early repayment fees so you can pay the loan out when suits you.
Yes, you can. As you repay the loan, the funds become available to redraw, just like an overdraft facility.
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.
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