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How can we help your business?

Cash flow icon

Manage cash flow

The Simple Business Overdraft is a flexible way to manage cash flow with an unsecured limit of up to $50,000.

Fees, rates and benefits
Car icon

Purchase assets

Car and equipment finance can help grow your business today with a competitive rate.

Fees, rates and benefits
Card icon

Flexible funds

A business credit card can give you up to 55 days interest free on purchases and it can be approved using your personal or self-employed income.

Fees, rates and benefits

 

Smooth growing pains with a Simple Business Overdraft

Lady in a shop

We can help your business pay staff and invoices while you’re waiting for client payments to arrive with a Simple Business Overdraft. You can also:

  • Increase cash flow capacity to order more stock
  • Take on bigger orders and projects to grow your business
  • Work 30 and 60 day terms into your budget
  • Unsecured credit limit up to $50,000 (subject to approval)
  • Full cash flow flexibility with a minimum monthly repayment of interest and fees
  • Access to your overdraft through ATMs, NetBank, the CommBank app or in branch
  • No fees on your linked Business Transaction Account
  • Get fast access to funds through our same-day application and approval process
Find out more
  • 16% annual rate charged monthly on balance used
  • 1.75% p.a. overdraft limit fee charged quarterly

or

Already a customer banking online with us?

Save time by using your NetBank details. 

 

Apply in NetBank

New customer or don't bank online with us?

Apply online

or

 

Competitive rates for cars and equipment

Car show room

Car and equipment finance is an easy way for your established business to purchase assets. You can:

  • Purchase new or used cars, utes, trucks, agriculture, construction, manufacturing or IT equipment
  • Help your business scale up with new equipment and vehicles
  • Replace aging equipment
  • Free up working capital to increase cash flow capacity
  • Choose repayment terms that work with your cash flow capacity: fixed and flexible payment terms to meet your needs
  • Free up working capital (up to 100% of purchase cost)
  • Potential to claim depreciation, interest deductions, input tax credits for charges that are subject to GST
  • Simple paperless online application process
  • Funding within four hours of signing online
Find out more
  • Rates and fees depend on the asset

Business credit cards to pay for inventory and day to day expenses

Man working in a studio

A simple online application assessed on your personal or self-employed income.  Use your card to:

  • Pay for day to day business expenses
  • Grow inventory as sales increase
  • Purchase small equipment as you need it
  • Unsecured credit limit up to $50,000 (subject to approval)
  • Choose from a simple Low Rate card, a card with up to 55 interest free days or one of our Awards credit cards
  • No need to provide business financials when you apply
  • Simplify your record keeping and admin by separating your business and personal expenses
  • Set up automatic bank feeds to accounting software to make balancing your books easier
Find out more
  • Low rate card: 14.55% p.a. and $0 annual fee
  • 55 interest free days card: 17.57% p.a. and $60 annual fee
  • Awards card: 20.74% p.a., 55 days interest free and various annual fees

or

Already a customer banking online with us?

Save time by using your NetBank details.

Apply in NetBank

New customer or don't bank online with us?

Apply now

or

 

Check this list before you apply

Business structure

Available to sole traders, partnerships and unlisted companies with up to two directors (company trusts are not eligible).

Documents

Latest business tax return and/or personal payslip or tax return.

If the business tax return is older than 12 months, please provide the latest BAS statement.

or

Already a customer banking online with us?

Save time by using your NetBank details. 

 

Apply in NetBank

New customer or don't bank online with us?

Apply online

or

Business structure

Open to owners of all business types

Documents

You’ll need 12 months of audited business financials on hand:

  • Latest business tax return
  • Last 2 BAS statements
  • Most recent payslip or personal tax return
  • Bank statements from all other financial institutions

Business structure

Open to owners of all business types

Documents

Personal income assessment details:

  • 2x recent payslips (or salary credits to CBA account) or
  • PAYG Summary less than 15 months old

Self-employed applicants:

  • Individual Tax Returns for the past 2 years
  • If business has been operating for less than 2 years a tax return is required for self-employed period and PAYG summary is required for non self-employed period.

or

Already a customer banking online with us?

Save time by using your NetBank details.

Apply in NetBank

New customer or don't bank online with us?

Apply now

or

When to apply

Apply on your business birthday

Being in business for 12 months is an important milestone. The first year was probably a constant stream of learning new things.

Read more
Planning ahead for a business finance application

Like every part of your small business, you’ll know the better prepared you are, the more likely you’ll succeed.

Read more

Things you should know:

As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. Applications are subject to the Bank’s normal credit approval. Fees and charges are payable.

You should seek independent, professional tax advice before making any decision based on this information.

Applications for finance are subject to credit approval and the financed asset being suitable to the Bank. 4.69% rate application to new business motor vehicles between $35,000 and $100,000 and funded before June 30, 2017. Commonwealth Bank of Australia reserves the right to require finance arrangements to be made with any Commonwealth Bank of Australia subsidiary. Full terms and conditions are included in our documentation. Bank fees and government charges may apply. You should seek independent, professional tax advice before making any decision based on this information. Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945.