Everything You Need to Know About Business Overdraft Facility Loans

Cash flow is the lifeblood of any business. Whether you're a growing café needing to purchase extra stock for summer, a tradie juggling invoices and payments, or an eCommerce brand looking for a buffer during sales events—having access to funds when you need them is vital. That’s where a Business Overdraft Facility can help.

At Renown Lending, we’re proud to offer a new Business Overdraft Facility, giving businesses access to a revolving line of credit of up to $1 million, tailored to your financial position and ready when you need it most.

Why Consider an Overdraft Facility?

Unlike traditional business loans, a Business Overdraft Facility is flexible, fast, and low maintenance. You don’t have to wait for a full loan approval process when you're facing a cash shortfall. Instead, the funds are already available—just transfer and go.

Key Features of the Renown Lending Business Overdraft Facility

✅ Flexible Cash Flow Management

Your overdraft seamlessly links to your business transaction account, allowing you to transfer funds anytime, anywhere—whether from the job site, your phone, or the office.

✅ Seamless Onboarding

Apply online in minutes. For limits under $500,000, there's no paperwork required. Just connect your business bank account, get assessed instantly, and start using your facility.

✅ Tailored Limits up to $1 Million

Account limits range from $10,000 to $1 million, based on your cash flow and financial strength. For larger limits ($500k+), we assess your financials to ensure responsible lending.

✅ Only Pay for What You Use

You don’t pay interest on the full overdraft limit—only on what you actually draw down. This is ideal for seasonal businesses or those with unpredictable expenses.

✅ Low Costs and Clear Fees

• No establishment fee

• Annual fee of $495 – $795

• Variable interest rate: 14.95% – 23.95%

There are no penalties for paying down or clearing the facility early. You’re in full control.

How It Works

1. Register online to open your account

2. We assess your linked bank account data

3. We contact you to finalise the facility and set your limit

4. Sign the Facility Agreement

5. Access your funds instantly via your linked business account

Who Is This Best For?

This facility suits:

• Hospitality businesses managing supplier invoices and seasonal staffing

• Trades and construction businesses needing flexible purchasing power

• Online retailers preparing for peak season

• Professional service firms managing delayed receivables

• Any SME wanting access to cash without the burden of a fixed loan

Why Renown Lending?

As a non-bank lender committed to speed, flexibility, and partnership, Renown Lending understands that no two businesses are alike. We don’t take a one-size-fits-all approach—we look at your business holistically, and provide cash flow solutions that work for your growth.

Through our Business Overdraft Facility, you’re backed by a proven system with the personal touch of a dedicated team at Renown Lending. We’re with you at every stage—whether you're just starting out or scaling up.

Final Thoughts

Cash flow challenges don’t always come with warning signs. That’s why having a Business Overdraft Facility through Renown Lending gives you the breathing room to handle unexpected costs, seize new opportunities, and operate with confidence.