Growing a Small Business

Ready to take the next step and grow your business?

From marketing your small business on a budget to streamlining your small business finances our business banking experts share their tips to support your business growth.

Business growth is the holy grail of success for many small business owners. However, unless you plan carefully and establish realistic business goals, the expansion of your SME business could turn into a runaway train putting your business at risk of incurring expenses that outweigh the returns.

Grow your business

Small business owners meeting each other

If the impact of COVID-19 on small business owners and communities across Australia taught us anything, it’s the reminder of just how important it is to help each other

Build relationships

When you are running a small business, money can be tight – even when you are out of the start-up business phase. However, marketing doesn't have to cost the earth with these low cost marketing tips.

Market your business

When you are trying to grow your small business, finding ways to streamline your finances can be the difference between achieving your business goals or not.

Streamline your business

Talk to any successful small business owner about how to start a small business, and they will tell you it takes time, planning, commitment and a lot of help and support from others along the way.

Read success stories

It’s no secret that hiring the right people is a big challenge for small business owners. However, recent statistics show that employee turnover and staff retention rates have been falling dramatically in recent years and are an even bigger problem within the small business sector.

Read about workplace culture

Franziska Iseli is an entrepreneur and the co-founder of Basic Bananas, The Business Hood, The Data People and Oceanlovers. A renowned marketing and brand strategist, adventurer, author and speaker, she shares her experience and advice for other women in business.

Meet Franziska

As Head of Commercial Broker, BOQ Business and BOQ Specialist, Karen fosters our relationship model proposition that allows brokers and their clients to have two points of contact – the Business Development Manager and Relationship Manager.

Meet Karen

From starting a new business to growing your existing one, we’re here to help with expert tips and tools at every stage of your journey.

Visit our Business Knowledge Hub

A full suite of business banking solutions for growing businesses

Small business bank accounts

You can earn

1.85 ^{% P.A.^{^^}}

Including 1.75% Bonus Interest variable rate + 0.10% variable Base Rate¹⁵

BONUS INTEREST VARIABLE RATE FOR BALANCES UP TO $500,000

Business Performance Saver®

Earn an ongoing, competitive interest rate on your business savings that rewards you for using your linked Everyday Business Account.

Earn ongoing Bonus Interest variable rate when you meet Bonus Criteria
Simply deposit $5,000 or more and do 5 or more eligible transactions on your linked Everyday Business Account
No minimum balance required

Learn more Enquire now

$10 FLAT

monthly account fee

Our low fee business bank account

Everyday Business Account

Manage your transactions with ease - all for a low monthly fee.

Free branch, ATM and cheque deposits
Free Direct Debits and Direct Credits
Easy account access through ATM/EFTPOS, Internet and Mobile Banking

Learn more

You can earn

4.25 ^{% P.A.^{^^}}

Including 2.75% additional interest rate + 1.50% standard variable rate ¹⁴

ADDITIONAL INTEREST FOR 4 MONTHS ON BALANCES OVER $10,000

Business WebSavings Account

Make the most of your business savings with the flexibility of accessing your money anytime.

Earn additional interest for 4 months as an introductory offer
No monthly account maintenance fees
Unlimited transfers

Learn more

Maximise your import and export potential

International and Domestic Trade

From traditional trade products to tailored finance solutions, BOQ offers a range of trade finance solutions for your import and export business.

Manage payment and foreign exchange risk
Finance imports and exports
Establish a foreign currency account

Learn more

Small business loans and finance for updating your space or equipment

Tailored business financing, designed to expand your service

Business Term Loan

At BOQ, we make it our business to understand yours. If you’re looking to expand your business, we’re the kind of bank to make it happen.

Up to $5k waived on valuation and legal fees for a limited time.¹ Available for new eligible business loans between $750k-$5m. T&Cs apply.¹
Loan-to-Value Ratio up to 90%^*
Loan terms up to 30 years^*
Redraw facility available on variable interest rate loans

Learn more Enquire now

Finance your equipment without tying up your cashflow

Equipment and Vehicle Finance

Whether you want to lease your equipment, salary package your vehicle or you're looking for a short-term finance solution to grow your business, we can help with a full suite of funding options.

Spread your repayments over the life of the equipment
No capital outlay
Structure repayments to suit your cash flow

Learn more Enquire now

Flexible cash flow options to help you succeed

Manage your cashflow and cover expenses

Business Overdraft

You can't always predict when an unexpected expense will arise, or when you need to cover shortages in your cash flow. Our Business Overdraft gives you access to a minimum of $10,000, up to an approved limit.

Attach to your BOQ Business Transaction Account for access when you need it
Interest only charged on funds utilised
Access your overdraft via EFTPOS, online banking, direct debit, in branch or via cheque

Learn more Enquire now

Guarantee payment without having to supply an upfront deposit or bond

Bank Guarantee

Bank Guarantees enable you to grow your business by providing your suppliers, landlord, or government authorities with the security of guaranteed payment.

Flexible security options
Faster turnaround (5-8 business days) with our Express Bank Guarantee Facility (up to $100,000 customer limit and 100% cash security)
Earn interest on cash security at standard Term Deposit rates

Learn more Enquire now