What is a business overdraft?
A business overdraft is a type of credit facility that allows businesses to borrow money from a bank to cover short-term cash flow gaps. The overdraft limit is set by the bank, and businesses are allowed to borrow up to that limit at any time. Businesses must repay the overdraft, plus interest, when the cash flow situation improves or when the overdraft is cancelled. An overdraft is an important financial tool for businesses that need quick access to cash.
Next Steps
Get in touch with a finance broker.
Don’t forget to follow us on Facebook and Instagram for more tips.
More News
1 October 2026
3 Practical Tips to Make Your Cabinetmaking Business Healthier and More Profitable | Finlease
3 Practical Tips to Make Your Cabinetmaking Business Healthier and More Profitable | Finlease A busy workshop isn’t always a profitable one. With costs rising across labour, materials and services, […]
Read More
31 August 2026
What to Know Before Starting Your Own Earthmoving Business | Finlease
What to Know Before Starting Your Own Earthmoving Business | Finlease You don’t need years of business trading history to finance your first excavator. What lenders want most is proof […]
Read More
21 August 2026
Guide to Low-Doc Concrete Pump Finance in Australia | Finlease
Guide to Low-Doc Concrete Pump Finance in Australia | Finlease When the right boom pump comes up at the right price, waiting weeks for a bank to work through your […]
Read More