Growing a Small Business
Our small business banking solutions to help you grow your business
We get what it takes to help grow your business
Ready to take the next step and grow your business?
At BOQ, our Owner-Managers have years of experience growing their own businesses. With proven capabilities and expertise across a range of industries, there's nobody better suited to help you get there.
So if you're ready to take your small business to the next level, we can help with growing your business. In fact we'd love to!
A full suite of business banking solutions for growing businesses
Business bank accounts
$0
Account keeping fees with $5,000 minimum balance
Our low fee business bank account
Everyday Business Account
Our Everyday Business Account is a low fee business transaction account that provides a flexible way to manage business finance and expenses.
- Make business purchases worldwide wherever Visa is accepted with Business Visa Debit
- Full account access via ATM/EFTPOS, Internet and Mobile Banking
- Receive payments faster with a linked Merchant Facility
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
Earn up to
2.25 % P.A.
Variable base rate with bonus interest2
A high interest savings account for your business
Business WebSavings Account
Make the most of your business savings.
- Earn bonus interest on balances over $10,000
- No monthly account maintenance fees
- Unlimited transfers
Loans and finance to update your space or equipment
Variable loans from 1
4.78 % P.A.
With residential security.
Flexible business financing to grow your business
Business Term Loan
Looking to buy a new business, grow your business or to expand your operations?
Our Business Term Loan can help with your business financing needs.
- Choose variable or fixed loan
- Fixed rates from 1-5 years available
- Redraw facility available on variable interest rate Business Term Loans
Flexible Investment and Development Loan
Commercial Rate Loan
With a minimum loan amount of $500,000, our Commercial Rate Loan is designed for property development, property investment or business acquisitions purposes.
- Suit your cashflow by choosing from four loan options
- Progress draws available
- Accepted security includes residential property, commercial property, business assets, directors' guarantee, fixed and floating company charge
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
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
Access an ongoing line of credit from $50,000
Business Line of Credit
Our Business Line of Credit loan offers convenience, flexibility and peace of mind. Whether you are expanding your business or you need to cover short term cash shortages, you can access additional funds when you need it, up to an approved limit.
- Interest only payments
- Maximum loan term of 25 years (residential security) and 15 years (other security)
- Variable interest rate
Turn outstanding invoices into cash
Debtor Finance
A fast and flexible cash flow finance solution for businesses by accessing up to 80% of the balance tied up in unpaid invoices.
- Accelerated cash flow – get access to your unpaid invoices within 24 hours
- Directly linked to your account receivables
- Ability to negotiate more favourable payment terms with your suppliers
Free up your cash flow spent on insurance premiums
Insurance Premium Funding
Pay your annual insurance premiums through flexible repayments, allowing your working capital to stay in your business.
- Easy monthly instalments
- 6 to 12 month options
- Release cash flow to invest back into your business
EFTPOS and payment solutions to get you started
Receiving payment from customers made easy.
Countertop and Mobile EFTPOS Terminals
EFTPOS Terminals
Process customer payments quickly and easily with the convenience of our EFTPOS terminals.
- Accept all major cards
- Your choice of countertop or mobile terminals
- 24/7 Merchant help desk
Process your payments quickly and easily
Payment Solutions and Billing
Solutions for customer payments and the processing of large amounts of transactions.
- BPAY Billing for easy collection
- Direct Debit Facilities to get paid automatically
- Direct Credit Facilities to assist with salary payments or large quantities