Opening a Small Business
Talk to someone who’s been there too
Small business loans, bank accounts and services to get you started
We get what it takes to open your new business
Opening a small business is a big deal. It can seem daunting, but it's also one of the most exciting things you can do.
As one of the few banks in Australia with branches run by small business owners, we've been there too. With our practical know-how and experience in small business banking, you can rely on us to help your new business get up and running successfully.
Our small business banking solutions:
Small business bank accounts
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
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
Small business loans and finance
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 2.39% p.a. 1,2
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
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