Westpac is one of Australia's Big Four banks and the country's oldest banking institution, established in 1817. As a leading financial services provider, Westpac serves millions of customers through its network of branches and digital platforms, offering banking, wealth management, and insurance services to both personal and business customers across Australia.
How do I apply for a Westpac unsecured business loan?
You can apply online through Westpac's website. You'll need:
Valid ABN/ACN
GST registration
Business financial information
ATO payment status
Details of any existing business lending.
What can I use a Westpac unsecured business loan for?
You can use the loan for working capital, equipment upgrades, inventory purchases, marketing, hiring staff, or relocating premises. The loan also covers invoice financing. However, it cannot be used to start a business, fund property development, or purchase residential property.
What are the minimum requirements for a Westpac unsecured business loan?
To qualify, you must:
Have operated for at least 12 months under your current ABN/ACN
Have an annual turnover of at least $75,000
Be registered for GST
Have all ATO payments and employee entitlements up to date
Have less than $1.5m in business lending with Westpac
Not be a franchisee, SMSF, or charity.
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