What is BizExpress?

Business opportunities can pop-up unexpectedly and we understand that you want to act quickly when they do. That’s why we’ve launched BizExpress.

You could receive same-day conditional approval* on BetterBusiness Loans and Business Overdrafts with fast access to funds and less paperwork, helping you keep your business moving forward. 

Features & benefits

Same-day conditional approval*

As an existing CommBank customer, you could apply via BizExpress and receive same-day conditional approval*.

Fast access to funds

If approved, once you’ve returned your contract, you could access your funds within five business days.

Less paperwork

We use the information we already have to reduce the number of documents required to assess your application.

Secured and unsecured options available

Choose a secured BetterBusiness Loan or Business Overdraft amount up to $1M or unsecured loan amount up to $250k#.

No establishment fee

There is no establishment fee for unsecured BetterBusiness Loans and Business Overdrafts under $250,000 when you apply through BizExpress. Other fees apply.

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Eligibility

  
  
Account
Existing CommBank customers seeking Business Lending
Loan amount
Up to $250K unsecured or $1M secured#
Loan type
Term loan (BetterBusiness Loan) or revolving debt facility (Business Overdraft)
Loan purpose
New business lending applications, or the refinance of business lending currently held with other financial institutions
Types of businesses
Individuals, sole traders, partnerships, unlisted companies or trusts (maximum of 4 individuals as partner, director, shareholder, beneficiary) where the purpose of the loan is wholly or predominantly for business of commercial use
Types of industries
Excludes customers in agriculture, mining, property development and not for profit

How to apply

If you meet the eligibility criteria above, request a call back to speak to one of our Lending specialists. 

Information we may need from you

We won’t need much more information from you. However, you may want to try and have some of these documents on hand or know how you can find them so that we can assess your application quickly. 

  • Accountant prepared financial statements 
  • Business and individual tax returns with Notice of Assessment
  • Australian Taxation Office (ATO) portal statements (required for all applications)

We may seek additional information from you if required.

Request a call back

Other options for your business

  • Structure multiple loan accounts
  • Protect against rate rises
  • Funds from $500,000

Two men in high vis standing in front of newly financed ute

Drive away on your terms with 3.49% p.a.1 business car finance.

Min. amount $20k, fixed for 2 to 5 years & funded by 31/12/2019. Cars up to 3 years old, excl. refinancing of existing CommBank loans. Fees, charges, T&Cs and lending criteria apply.

FAQs

What is BizExpress?

BizExpress is a new application process that makes it simpler and faster for customers to apply for business lending. It uses the information we already have to reduce the number of documents required to assess an application and enable a faster decision.

How do I know if I am eligible for BizExpress?

Eligibility for BizExpress is based on a number of factors, including the amount of information we already have about you, the purpose of the loan, the industry you operate in and the size of your business. As a general guide, refer to the eligibility criteria.

How long does it take to get a loan?

If you are eligible for BizExpress, you could receive a same day conditional approval. If approved, once you’ve returned your contract, you could access your funds within five business days.

What documents do I need to provide?

Wherever possible we will use the information we already have to reduce the number of documents required to assess your application. In some cases we may request supporting documents to help assess your application, including:

  • Accountant prepared financial statements 
  • Business and individual tax returns with Notice of Assessment
  • Australian Taxation Office (ATO) portal statements (required for all applications)

We may seek additional information from you if required.

Can I still get a Loan or Overdraft if I am not eligible for BizExpress?

Yes, our Business Lending specialist will discuss other options that may be available to you.

How do I apply?

Request a call back from one of our Lending Specialists or speak to your Business Banker for more information.

Things you should know

* These products are only available to approved business customers and for business purposes only. Applications for finance are subject to the Bank’s eligibility and suitability criteria and normal credit approval processes. View our Current Terms and Conditions for Business Finance and consider them before making any decision about these products.

# Currently BizExpress is available for unsecured loans up to $250k and $1m secured by residential or commercial property. The loan must be wholly and predominantly for business purposes.

For current interest rates, visit the Business Banking rates and fees page.