What is NAB QuickBiz?

We know that a business will often need access to extra funds to invest in growth or meet day to day expenses. If your business needs funding fast, NAB QuickBiz unsecured finance can help.

You can apply for a loan of up to $100K and it’s unsecured, which means you don't have to use your own assets as security. Rather, approval of a loan depends on the strength of your business, based on your cash flow, credit score and time in business.

And with our fast and easy online application process, you’ll have more time to focus on growing your business.

After all, It's called NAB QuickBiz for a reason.

Getting your business finance ready: helpful tips

It’s important to be ready when you apply for business finance. Read through these six steps before you apply.

Secure or unsecured? The two sides of business lending

Understand the difference between secured and unsecured lending to help decide which type of finance suits your business.

Lina Parisi from Little Black Bag in Berwick, Victoria talks about how she used her NAB QuickBiz Loan to grow her small business.

Fast, unsecured finance up to $100k

Fast, unsecured business loans of up to $100K made easy, gives you access to funds to grow, run and invest in your business.

Funds in 1 business day†

No security required

Get an instant answer

Competitive and transparent rates

NAB QuickBiz Loan

Fast, unsecured business lending made easy, giving you access to funds to grow, run and invest in your business.

NAB QuickBiz Overdraft

Easily manage peaks and troughs in your cash flow with an overdraft on your transaction account.

Help me choose the right NAB finance option

Answer a few simple questions to see which finance option is best for your business needs.

OTHER SOLUTIONS FOR FAST AND EASY ACCESS TO FINANCE

NAB Low Rate Business Card

It’s a low cost credit card to help you manage your cashflow.

NAB Qantas Business Signature Card

Get more from your business purchases and maximise your Qantas points with our Bonus Qantas Points Offer.

Important information

† Funds in 1 Business days

For the NAB QuickBiz Loan and NAB QuickBiz Overdraft, funds will be provided within 1 business day upon receipt of signed contracts. Business days are Monday to Friday, excluding weekends and VIC public holidays.

All NAB QuickBiz finance options are subject to credit assessment and approval

Instant answer online and funding subject to credit assessment and verifications.

This loan is only available for loans which are wholly or predominantly 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 Australian citizenship or permanent residency.

Your business and residential address must be in Australia.

This loan is only available for sole traders, business partnerships with 2 or less individual partners, companies with 5 or less directors borrowing in their own right or an eligible discretionary trust. It is not available for joint borrowers who are not partnerships, or partnerships where one or more partners is a company.

Eligible trusts include the following:

  • your trust must be a non-government discretionary trust
  • your trust has a valid Australian Business Number (ABN) and has been registered for at least 12 months
  • your trust must have been established in Australia
  • the beneficiaries of your trust are individuals
  • your trustees can only be one of:
    • a company with no more than five directors
    • up to two individuals
  • if the trustee is a company, shares in the company must be beneficially held.

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.

Your business must be registered for GST and have a turnover of at least $100,000 p.a.

If you have an existing NAB Business Credit Card or a NAB QuickBiz Overdraft and require additional funds:

  • you can apply for an additional NAB Business Credit Card facility or NAB QuickBiz Overdraft facility 6 months after your most recent NAB Business Credit Card or NAB QuickBiz Overdraft facility establishment date.
  • you can apply for an additional NAB QuickBiz Loan 90 days after your most recent NAB Business Credit Card or NAB QuickBiz Overdraft facility establishment date.

If you already have an existing NAB QuickBiz Loan you can apply for an additional NAB QuickBiz Loan, NAB QuickBiz Overdraft or NAB Business Credit Card 90 days after your most recent NAB QuickBiz Loan facility establishment date.

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

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

NAB QuickBiz Loan

Standard product information

This loan is available only as a fixed interest rate principal and interest loan for a 12, 24 or 36 month term with monthly repayments. The interest rate of 12.95% p.a. applies from the drawdown date of your NAB QuickBiz Loan until the end of your loan term. 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 must have an Australian bank account, in the same name as your business, to receive your funds.

The NAB QuickBiz Loan has no upfront or ongoing fees but economic costs may apply if you choose to pay the loan off before the end date of the contract.

NAB QuickBiz Overdraft

Standard product information

The overdraft is available as a variable interest rate only. Debit interest is calculated on the daily outstanding balance and is charged to the account on the last banking day of the month. A QuickBiz Overdraft service fee applies and is charged to the account on the last banking day of each month. Fees and charges may apply to your linked transaction account.

You can only borrow up to $50,000 in total limits across both a NAB QuickBiz Overdraft and NAB Business Credit Cards (applied for online).

The NAB QuickBiz Overdraft is only available as a new facility. It can’t be applied to existing NAB business overdrafts.

These products are issued by National Australia Bank Ltd ABN 12 004 044 937.

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