Understanding unsecured business finance and NAB QuickBiz

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Affected by COVID-19? See how a NAB Business Support Loan could help you.

It’s business finance that doesn’t require physical assets (such as property) for security. Instead it’s based on the strength of your business’s cashflow, and your ability to service the loan. Interest rates are usually higher, as they carry more risk for banks and financial institutions.

Learn more about the differences between secured and unsecured business loans.

No assets for security

Simple repayments

Fast online application

To be eligible you need to be

A sole trader, a partnership with up to two partners, a company with up to five directors, or a trustee of an eligible trust.
Registered for GST, turnover of at least $75K per year, and operated under your current registered ABN/ACN for more than 12 months.
At least 18 and a permanent Australian resident.

What you’ll need to apply

Your ABN or ACN details.
12 months of reconciled business financial data from your accounting package.
Identification (Passport, Driver’s Licence, Medicare Card) if you’re new to NAB.
Your business transaction account number (for NAB customers only).

To apply for a NAB QuickBiz Loan or a NAB QuickBiz Overdraft, your annual turnover will need to be at least $75k. Before we make our decision, we’ll review your cash flow, credit score and how long your business has been operating.

NAB QuickBiz Loan

Fast, easy, business lending to help you cover expenses and manage your cash flow.

10.95

% p.a.

Fixed interest rate

If approved, get access to your funds fast (from receipt of signed contract). It's that easy.
Fixed competitive monthly principal and interest repayments so you can budget more
12, 24, 36 month loan terms giving you the flexibility you need

Apply now Find out more

NAB QuickBiz Overdraft

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

12.25

% p.a.

Variable interest rate on what you've used

1.75

% p.a.

Service fee on approved limit

If approved, get access to your funds fast (from receipt of signed contract). It's that easy.
Only pay interest on what you use
An extension of your NAB business transaction account

Apply now Find out more

If you already use Xero, MYOB Essentials or Intuit QuickBooks for your business, your QuickBiz application will be even faster, because our system links to your accounting software. All you need to do is log in. We can assess on the spot whether you are eligible for conditional approval. There is no application fee and conditional approval could be as little as ten minutes away.¹

For existing NAB customers, you may not need to provide your financial data.

Here’s a few steps you need to complete as part of your application.

Ensure record keeping is up to date

Reconcile all transactions from the bank account you use for your business for the past 12 months (and within the past 30 days).

Login to your account

If you use Xero, MYOB Essentials or Intuit QuickBooks, we’ll ask you to log in as part of your application.

For all other accounting software

In addition to your reconciled transactions, you’ll need to provide a Balance Sheet and Profit and Loss Statement spanning 12 months (that is no longer than 120 days old).