As a business owner you know how important it is to stay on top of your cash flow, however it’s not always easy when you need to pay for stock or suppliers up front, especially if there’s a lag in payment, or your revenue fluctuates from month to month.
A flexible option that might help you with any seasonal or unexpected business expenses is a Simple Business Overdraft. Quick and easy to apply for, a Simple Business Overdraft can help cover unexpected cash flow gaps and keep your business running smoothly.
How it works
A Simple Business Overdraft is like a small line of credit which is linked to your business transaction account, giving you easy access to extra money when you need it. What’s more, you can access the extra funds 24/7 through NetBank or on our CommBank app ― anywhere, anytime.
With no security required^, no fixed loan term and flexible repayments, your overdraft is always available, without you needing to re-apply every time.
Flexible and convenient
Business owners are often kept on their toes when it comes to finances. You may be waiting for money to come in so you can cover expenses like staff costs or be presented with a business deal that you want to leap at. A Simple Business Overdraft can help you avoid financial stress by giving you access to additional funding if and when you need it. That way, you’ll have peace of mind knowing you can manage unforeseen shortfalls or act quickly on business opportunities when they arise.
Same day funding
Know you have a busy period for your business coming up? Why not get piece of mind and have extra funds available when you need them. Whether you are an existing CommBank customer or not, if your business is eligible you could receive fast application approval, with the extra funding usually available in your account the same day you apply.