Line of Credit For Small Business2022-04-28T09:25:26+10:00

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

Bank Loan

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.

Line of Credit

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?

"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.

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