The (not-so) secrets to growing your small business
If you’ve got big plans for your small business, but aren’t sure how to make them happen, the Business Hub’s free resources are a fantastic place to start.
Top tips for how to grow your business
Learn how to plan for sustainable growth.
How to Get a Business Loan
Whether it’s growing your business or boosting your cashflow, there are a few things to know about business financing. Learn more about business loans.
Read moreSecured vs. Unsecured Business Loans
When business owners seek finance, there’s one question that often goes unasked: What’s the difference between a secured and unsecured business loan? Find out here.
Read moreWhen Your Business Starts Making Money
A goal for any business owner is to profit - and it can often be a prolonged journey to get there. So once you start making money, what’s next?
Read moreMore helpful articles for business growth
FAQs
Common questions from ambitious small business owners
The most you can borrow with a business loan depends on your business circumstances and financial situation. The Business+ Unsecured Loan has a range between $20,000 and $50,000.
There are a few things to tick off to be eligible for an unsecured business loan with Great Southern Bank. Firstly, you’ll need to be a registered sole trader or company. You’ll also need to have at least a one-year trading history, be registered for GST and have $75,000 in turnover annually. Find out more.
Yes. You may be able to get a business loan if you’re self-employed. Check out the Business+ Unsecured Loan for details on eligibility.
Unsecured business loans typically have higher interest rates than secured business loans because the lender is taking on more risk by lending money without any collateral. Learn more about the difference between secured and unsecured business loans.
You don’t need a deposit or security for the Business+ Unsecured Loan. However, you do need to meet certain eligibility requirements to apply. Learn more.
You can use your business loan to fund a wide range of business purposes including:
- covering large, unexpected expenses (including ATO debts)
- working capital to run and expand your business
- purchasing stock, plant and equipment
- investing in productivity improvements
- refinance certain short tem business loans or balloon for an equipment finance loan
Grow your Business+ know-how
Business+ is business banking built for ambitious sole traders and small business owners. Here are some easy-to-follow guides so you can unlock its potential.
Business+
Better business banking with Business+
If you’re striving for global domination, or just a bigger business, Business+ makes business banking easy.
Available online and in the Business+ app, it’s 100% digital so you never need to wait in queues or listen to hold music. And because it’s digital, there’s no paperwork. Ever. Just fast, convenient and secure business banking.
Important information
Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply. Information on Business+ accounts is general information and does not consider your objectives, financial situation or needs. You should consult the Product Disclosure Documents before making a decision to apply for products.
This product is only available for business purposes. Terms, conditions, fees and charges may be applicable.
1 For a full list of fees, please refer to the Schedule of Fees.
>> Rates current as at 01 July 2024 and are subject to change.
Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
2 Lending criteria, limits, conditions and fees apply. Applications are subject to credit approval.
Great Southern Bank Business+
Business+ BSB: 834 472
Eligibility requirements
- You must be aged 18 or over
- You must be an Australian resident
- You must be sole trader or company owned by real people
- ABN for your organisation
- An email and a mobile number
- One form of ID such as your driver's licence, passport, or Medicare card