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Why Choose a Business Line of Credit with Finance Barn?
Flexible Drawdowns
Access only the amount you need, when you need it, so you’re never paying for unused funds.
Interest on What You Use
You’ll only pay interest on the portion of the credit limit you’ve accessed.
Fast Approvals
Streamlined application process with minimal paperwork for eligible Aussie businesses.
Ongoing Access
As you repay, funds become available again, giving your business a continuous source of working capital.
How a Business Line of Credit Works at Finance Barn
A Business Line of Credit gives you a pre-approved funding limit that you can access whenever you need it. You only pay interest on the funds you actually use, not the full limit. As you repay, those funds become available again, giving you flexibility for fluctuating business needs.
Whether it’s covering payroll, paying suppliers, buying stock, or bridging seasonal cash flow gaps, a line of credit helps you stay in control of your business finances.
What You Can Expect from a Finance Barn Line of Credit
Flexible Repayment Options
Credit Limits That Match Your Needs
Fast approvals, minimal paperwork
Ideal for ongoing working capital
Competitive interest rates
Suitable for most industries
Am I Eligible for a Business Line of Credit?
Eligibility is based on your business profile, ABN activity, financial position, and repayment history. You may qualify if you have:
An active ABN (generally 6 months or more, though some lenders may consider newer businesses)
GST registration (preferred but not always required)
Credit history
Steady monthly income or proven business cash flow
No recent bankruptcies or serious credit infringements
Valid identification and basic business documentation
Trading History
Many lenders prefer businesses with at least 6–12 months of active trading, though some may consider newer operations.
Industry Type
Certain industries may be viewed as higher risk, which can influence approval conditions.
Requested Credit Limit
Higher credit limits may require additional documentation or stricter assessment.
Existing Debts or Commitments
Current financial obligations can affect how much credit you’re offered.
Repayment History
Consistent and timely repayments on existing credit help build lender confidence.
A line of credit may be right for you if:
You need flexible working capital to cover short-term ongoing expenses
You want ongoing access to funds without reapplying each time
You prefer to only pay for what you use
You want the flexibility to cover payroll, supplier payments, or stock purchases
You’re confident in managing repayments responsibly