Shift Business Loans

Shift is leading non-bank lender headquartered in Sydney and is focused on the financial needs of Australian businesses. It provides a variety of business loans and finance products, designed for cash flow and everyday business financing, asset purchases, expansion and growth and payments.

Shift business loans - what you need to know

Thinking of getting a business loan but not sure how much you need exactly? Well Shift allows flexible borrowing that might fit your needs be it for everyday finance or to expand and grow your business. Check out the features, fees, rates and processes that are involved with a Shift Business Loan below.

FAQs about Shift

How are Shift interest rates determined?

Interest rates are determined by your business’ financial and operational situation, as well as the type, length and amount of the loan.

What Shift fees are there?

Shift does have a couple of simple and standardised fees to look out for:

  • Direct debit fee
  • Dishonour fee
  • Drawdown fee
  • Arrears fee

How does the approval process work?

Shift’s application process is quick and easy. You’ll  need to answer a series of questions about your business and its finances. You’ll also need to share some paperwork about your business such as bank statements. Once your application is complete you can be approved in as little as 24 hours.

What do I need to be eligible for a Shift Loan?

To qualify for a Shift business loan you need:

  • To be trading for a minimum of 9 months+
  • Have at least $100,000 in annual turnover
Key features of Shift business loans
Borrow up to $750,000

Whether you’re looking to manage cashflow, purchase assets, expand and grow, Shift has a range of products to fit your business needs with businesses able to borrow up to $750,000. 

Flexible repayment terms

Shift offers facilities up to 3 years with weekly or monthly repayments to suit your cash flow. Businesses are able to choose between a range of solutions, from Working Capital Loans to Term Loans and Business Overdrafts.

24-hour approval

Shift understands that time is a premium for business owners, which is why you'll be able to apply in just minutes, get approvals within 24 hours and next-day funding.

Redraw and extra repayments available

The Shift Working Capital Loan and Term Loan feature a redraw option after 15 weeks which means businesses can draw down on their principal balance. Businesses will also be able to make extra repayments on their loans.

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