Finance question
Can I get a business line of credit?
Often yes. A business line of credit gives you an approved limit you can draw on and repay as cashflow moves, so you only use and pay for what you need at any given time. It suits businesses with uneven income rather than one fixed expense. Ventas arranges it across its lender panel, sized to your business, subject to lender assessment.
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The short answer
An approved limit that moves with you
A line of credit is a pre-approved limit that sits ready for you to use. Unlike a term loan, where you take the full amount and repay it on a set schedule, a line lets you draw what you need, repay it, and draw again. You are usually only charged on the balance you are actually using, which makes it a flexible cushion rather than a fixed lump of debt.
That flexibility is the whole point. Businesses rarely need the same amount of cash every week, so a facility that rises and falls with you fits the way trade actually works. When a quiet stretch or a large bill lands, you draw down; when the money comes in, you repay and free the limit up again for next time.
As a broker, Ventas is paid by the lender on settlement, so there is no upfront fee to you. We look at how your business trades and what security, if any, suits you, then match you to the lender whose line best fits. Some lines are unsecured and sized to turnover, others are secured for a larger limit, subject to lender assessment.
Do you qualify?
What a line of credit is judged on.
Trading revenue
Regular income the limit can be sized against.
Uneven cashflow
Income and costs that do not always line up.
An active ABN
Sole traders and companies both qualify.
Security, if it suits
Unsecured for speed, or secured for a larger limit.
Why a line beats a lump sum for cashflow
Pay for what you use
Interest usually applies to the drawn balance, not the whole limit.
Ready when you need it
The limit sits approved, so there is no fresh application each time.
It revolves
Repay and the room frees up again for the next gap or opportunity.
A real example
A wholesaler has an approved $100,000 line but rarely uses all of it. When a supplier bill lands before customer payments arrive, it draws $40,000, then repays as the receivables come in. It only pays for the $40,000 it used, and the full limit is free again for the next cycle. Illustrative only.
Common questions
Frequently asked questions
Do I pay interest on the whole limit?
Usually not. On most lines you are charged on the balance you have actually drawn, not the full approved amount.
Is a line of credit the same as a loan?
No. A loan is a fixed sum repaid on a schedule; a line lets you draw and repay repeatedly up to your limit.
Do I need property for a line?
Not always. Some lines are unsecured and sized to turnover, while others are secured for a larger limit.
What is a line best used for?
Smoothing uneven cashflow, covering short gaps and having room ready for opportunities, rather than one large fixed purchase.