Why choose a NAB QuickBiz Loan?

An unsecured business loan up to $50K

Your track record and the strength of your business is all you need to apply

Fast business finance

Have the confidence of an instant decision and get funding within 1 business day1

Competitive rate and no upfront or ongoing fees

Fixed interest rate of 13.85% p.a with the flexibility of a 12 or 24 month term

Complete your application in as little as 5 minutes

What's an unsecured loan?

A NAB QuickBiz Loan recognises the strength of your business and does not require your asset as security. We review things like your business cashflow, your credit score and time in business. Secured loans ask you to borrow against an asset which then needs to be assessed.

With a NAB QuickBiz Loan there's no security to review so you can receive a decision through our online application and if approved, you will have the funds within 1 business day once we have received your completed contracts.

Repayment calculator

Calculate what your repayments could be with a NAB QuickBiz Loan

What you need to apply

You need to be a Xero or MYOB user – simply link your data from either accounting package and get an instant answer.

Businesses that can apply:

  • A sole trader, in a partnership with up to two partners, or a company with up to five directors
  • Operating for at least 12 months with a valid ABN
  • Registered for GST for at least 12 months and have a turnover of at least $100,000 p.a
  • At least 18 years old and an Australian citizen or permanent resident
  • Business and residential addresses must be in Australia

What you’ll need to provide:

  • 12 months of financial data from your Xero or MYOB accounting package (balance sheet, profit & loss statement and transaction history)
  • Your business details (ABN or ACN)
  • Identification (passport, driver licence, Medicare card) if you’re new to NAB
  • Your business transaction account number (for NAB customers only)

It’s easy to apply and can take as little as 5 minutes

FAQs

Visit our FAQs page to find out more about the NAB QuickBiz Loan

See how a QuickBiz loan helped small business

Businesses we've helped grow

Making the most of a business opportunity

Once a year, this comic store owner needs a massive amount of extra stock. He explains why a NAB Quickbiz Loan is ideal.

How new equipment drove business growth

Find out how Daniel Riddle of Link Fibre Optics used a NAB QuickBiz Loan to unlock new opportunities and drive business growth with his new equipment purchases

Self-funding your business will only get you so far

We all want to be debt free, but did you know being ‘anti-debt’ can be bad for business? Hear how Motorbike Movers Stephen Silvya expanded his business with a NAB QuickBiz Loan

Creative growth

Growing a small business is a delicate balancing act. ply creative’s Dave Prince shares how this small agency grew while managing clients and not compromising cashflow.

Important information

1 You can have your funds within 1 business day from when we receive your completed contract. Business days are Monday to Friday, excluding weekend and VIC public holidays.

This loan is available only as fixed interest rate principal and interest loan for a 12 or 24 month term with monthly repayments at a rate of 13.85% per annum. Variable rate loan and interest only loans are not available. Economic costs may be payable if you terminate early. If this does not work for you, we have other loan options that may better suit your needs.

You can only receive funds from one approved NAB QuickBiz Loan every 90 days.

Fast online decision is subject to credit assessment and ID verification

This loan is only available for loans which are wholly or predominately for business purposes. This loan cannot be used to make payments to the Australian Tax Office.

Your business must have been in operation for at least 12 months and have a valid Australian Business Number (ABN).

You need to be at least 18 years or older to apply and hold an Australian citizenship or permanent residency.

This loan is only available for sole traders, business partnerships with 2 or less individual partners, and companies with 5 or less directors borrowing in their own right. It is not available for joint borrowers who are not partnerships, or partnerships where one or more partner is a company. It is not available if you are borrowing as trustee of a trust.

Any shareholders of companies listed in the application must be individuals, and not companies.

If you are an existing NAB Customer, you must have operated all accounts in accordance with the terms of those accounts.

If you are an existing NAB Customer, you can only apply for this loan if you have less than $1m in existing business lending and less than $100k in unsecured business lending with NAB (inclusive of this application).

You must have an Australian bank account, in the same name as your business, to receive your funds.

NAB may have other options which suit your business better if you do not meet the conditions for this loan. You can contact us 13 10 12 to discuss.