More room to grow. Same clear pricing.
Float Business Growth is an unsecured business loan from $25,001 to $50,000, repaid over 12 to 36 months. Interest plus one set-up fee, no monthly account fee. Bigger loan, no extra complexity.
WARNING: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
What it costs
- Establishment fee: 2% of the amount you borrow ($500 to $1,000), added to your loan
- Monthly account fee: none
- Early repayment: no penalty
WARNING: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
Rates shown are indicative and depend on your business profile, trading history, and credit history. Your rate is set when we assess your application. These are business loans, so they sit outside the National Credit Code (the law that sets the rules for personal loans). We show a comparison rate anyway so you can compare the cost.
Worked example
If you borrow $35,000 over 24 months at 19.99% p.a., you pay an establishment fee of $700 (2% of $35,000). Your repayments would be $419 a week, $839 a fortnight, or $1,817 a month. The total you repay is $43,608, made up of the $35,000 you borrowed, $7,908 in interest, and the $700 establishment fee. Your actual rate and repayments depend on your business profile.
What sets your rate
We look at your business revenue, how long you have been trading, your expenses, and your credit history. Businesses with stronger cashflow and longer trading history get lower rates.
Who this loan is for
- ✓Established sole traders and small businesses with at least 12 months of trading
- ✓Tradies who need equipment, a vehicle, or materials for a bigger contract
- ✓Professional services operators who need working capital
- ✓Hospitality and retail operators who need seasonal stock or a fit-out
What you need
- An active ABN or ACN registered for at least 12 months
- Minimum monthly business revenue of $8,000 ($96,000 a year), checked against your business transaction data
- A satisfactory credit history
- A signed business purpose declaration
- For companies: an ASIC company extract and identification of anyone who owns 25% or more of the business
- Identity documents (100 points)
Security
Unsecured. A personal or director guarantee is required.
Repayments
Weekly, fortnightly or monthly. Repay early at any time with no penalty.
Credit Passport
Every repayment you make is recorded in your Credit Passport, a record of your repayment history with Float. It is not a credit score, and it does not guarantee approval of any future loan. Every application is assessed on its merits.
Ready to apply?
Check what your business could borrow. No obligation.