Business Overdrafts

Access additional funds directly from your business transaction account to manage your business cash flow or unexpected expenses.

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Should I consider a business overdraft?

An overdraft is essentially a line of credit attached to your business bank account, which allows your business to draw on money (up to an approved limit) beyond what you currently have in your account. The business will then only need to pay interest on the amount of money they’ve overdrawn, making it a useful cash flow solution in many situations like purchasing stock or equipment, paying staff, or even covering general expenses.

How an overdraft can help your business

Many businesses take advantage of business overdrafts. Interest rates for this type of finance are always variable. Overdrafts can be secured by property or even unsecured. Securing an overdraft with property comes with benefits, such as a reduced interest rate, a greater loan limit and favourable loan terms. Some businesses only require small unsecured business overdrafts where pricing on interest rates and fees are higher, although it is more important to have access to funds and flexibility.

Business overdrafts are for businesses that:

Want the convenience of extra funds linked directly to their transaction account
Need to borrow $2000 or more
Need to cover cash flow shortages and unexpected expenses

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Secured vs Unsecured Business Overdrafts

As a business, you can choose whether to secure or leave your overdraft unsecured. Securing your overdraft means committing a range of assets (such as residential, commercial, and industrial property) to give you a line of credit.

Choosing an unsecured overdraft means you may incur a higher interest rate, as nothing is held against your loan. However, it does expose you and your business to a lot less risk than a secure overdraft.

At Inovayt, our acclaimed Business Finance Professionals will find you the most appropriate solution and lender.

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What our clients say

    
 
 
      Posted on Google  
   
   Scott Hughes 
 October 20, 2026
 
 
 Trustindex verifies that the original source of the review is Google. Inovayt were extremely helpful, the team all worked together to get a result we were happy with.
  
 
     Posted on Google  
   
   Abbey O'Callaghan 
 October 19, 2026
 
 
 Trustindex verifies that the original source of the review is Google. This is the second time Inovayt has helped me purchase a property. Chris was responsive and helpful throughout the entire process, answering my questions and consistently providing options that suited my personal circumstances.

Beyond securing the mortgage, Chris and the team continued to support me throughout the term of my previous loan, making sure I was always getting the best rate possible.

I always felt that Chris genuinely wanted the best outcome and value for me, and worked hard to make it happen.

Couldn’t recommend Inovayt more highly!
  
 
     Posted on Google  
   
   Yehudah Kinderman 
 October 19, 2026
 
 
 Trustindex verifies that the original source of the review is Google. This is our second home loan successfully executed by Simon and the team and he has done a magnificent job for us. Countless hours on the phone discussing and figuring things out and we can’t recommend Simon enough!
For anyone considering top quality Melbourne service with a great bloke, this is perfect for you.
Steve and Sossy
  
 
     Posted on Google  
   
   Todd Milham 
 October 18, 2026
 
 
 Trustindex verifies that the original source of the review is Google. We had the absolute pleasure of working with Duane to purchase our first home. We were pretty hard customers as business owners, but he was incredibly efficient, kept us up-to-date with each stage, and worked tirelessly to secure us finance. Could not be happier and highly recommend Duane and the wider Inovayt team for all your financing needs!
  
 
     Posted on Google  
   
   Debbie Sims 
 October 16, 2026
 
 
 Trustindex verifies that the original source of the review is Google. It’s been slow and methodically completed, with them finding out of needs, what we felt comfortable doing and then thoroughly and transparently provided our options.  They were very supportive and patient. There communication was on point and efficient
  
 
     Posted on Google  
   
   Diana Brown 
 October 15, 2026
 
 
 Trustindex verifies that the original source of the review is Google. Brendan and Kat were great highly recommend
  
 
     Posted on Google  
   
   Zac Thompson 
 October 15, 2026
 
 
 Trustindex verifies that the original source of the review is Google. Couldn’t recommend Duane enough! Being first-home buyers, we had no idea what to expect going into the whole process, but Duane made everything so much easier.

He was always happy to answer any questions we had, explained everything clearly and made sure we knew what was going on every step of the way. He went above and beyond to help us get into our first home and genuinely made the whole experience a lot less stressful than we expected.

Really appreciate all the time and effort he put into helping us out. Couldn’t have asked for a better broker and would definitely recommend him to anyone looking to buy a home.

Thanks again, Duane!
  
 
     Posted on Google  
   
   David Anstis 
 October 14, 2026
 
 
 Trustindex verifies that the original source of the review is Google. Could not fault the service provided, Justin and his team were excellent. From initial consultation to settlement was speedy and seamless. The solution provided was not only comparable but addressed all my requests and concerns. 10/10 recommend .
  
 
 
  
 
 
   Google rating score: 5.0 of 5, based on 1521 reviews

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What are the benefits of a business overdraft?

Business overdrafts have a multitude of benefits, including:

Acting as a safety net for when you quickly need access to additional funds.
Flexible term limits you can discuss and negotiate with your lender.
Keeps cash flow consistent during unexpected situations and tough sales periods.
Your choice of secured or unsecured overdraft.

If you want more information on business overdrafts and if they’re the right option for your business, talk to one of our team members today.

Helpful resources

Financing your business

Invest time into your business finances. Our business finance guide unpacks everything you need to know about financing your business.

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