Opening a Small Business

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

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 Merchant Facility through First Data

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You can earn

1.65 ^{% P.A.^{^^}}

Including 1.25% additional interest rate + 0.40% 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

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You can earn

1.90 ^{% P.A.^{^^}}

Including 1.55% Bonus Interest variable rate + 0.35% 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 by making monthly deposits of $5,000 or more into your linked Everyday Business Account
No minimum account balance
Unlimited transfers to your linked Everyday Business Account

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Small business loans and finance

Variable loans from ¹

4.39 ^{% 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 3.99% p.a.
Redraw facility available on variable interest rate Business Term Loans

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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

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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

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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.