Growing a Small Business
Small business banking solutions to help you grow your business
Expand your space or equipment with our small business finance or cash flow options
Grow your business with our business banking solutions
Ready to take the next step and grow your business?
At BOQ, our Owner-Managers have years of experience growing their own businesses, therefore our banking solutions and experience can help you get there.
So if you're ready to take your small business to the next level, talk to your closest branch today.
A full suite of business banking solutions for growing businesses
Small business bank accounts
You can earn
0.85 % P.A.^^
Including 0.75% 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
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
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
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
Small business loans and finance for updating your space or equipment
Tailored business financing, designed to grow your business
Business Term Loan
Looking to grow your business? Get started with no application fees on new variable Business Term Loans.
Why choose our Business Term Loan:
- Loan-to-Value Ratio up to 90%+
- Loan terms up to 30 years+
- Redraw facility available on variable interest rate Business Term Loans
- Rates from 2.69% p.a.1
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 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
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
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
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
Merchant and payment solutions to get you started
Merchant Solutions
Accept card payments from your customers... anywhere, anytime.
- Online
- In store
- Over the Phone
- On the Go
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