BUSINESS LOANS

Business Essentials
Term Loan

Loan finance up to and including $5 million to support expansion, capital purchases and more.

BUSINESS LOANS

Business Essentials Term Loan

Loan finance up to and including $5 million to support expansion, capital purchases and more.

Call 1300 628 089

Special offers

From IRM{sbvarspec.3.1}*

Currently unavailable

For total amount borrowed:

$20,000 to $5 million

Includes discount of 2.20% p.a.
Residential Security
LVR ≤ 80%
Terms and conditions apply*^

Special offers

From IRM{sbvarspec.3.1}*

Currently unavailable

For total amount borrowed:

$20,000 to $5 million

Includes discount of 2.20% p.a.
Residential Security
LVR ≤ 80%
Terms and conditions apply*^

Optional offset facility

Save on interest with an optional offset account available.1

Flexible loan terms

Find an option that's right for your business with loan terms up to 30 years.

Higher Loan-to-Value Ratio (LVR) lending

Loan to value ratio(LVR) at loan approval is the amount of the loan compared to Suncorp Bank’s valuation of property offered to secure the loan as a percentage.

Higher Loan-to-Value Ratio (LVR) lending 2

Up to 100% LVR with residential security & up to 80% LVR with commercial security.

Flexible repayment

Choose between weekly, fortnightly, or monthly repayments based on your needs.

Split your loan

Fix a portion of your borrowings at a fixed interest rate for greater budgeting certainty.

Access our cashback features

Enables you to access any extra money you’ve paid into your loan (variable only).3

Interest rates

Variable rate - Residential security

Business Essentials Term Loan Variable Rate

$20,000 to
$5,000,000

View all rates

Variable Rate - Commercial security

Business Essentials Term Loan Variable Rate

$20,000 to
$5,000,000

View all rates

Call 1300 628 089

Business tools & calculators

Business Repayment calculator

Business Loan comparison tool

Fees

Standard Establishment Fees

$1,000

0.25% of total amount borrowed

For total amount borrowed
$20,000 - < $1,000,000

For total amount borrowed
$1,000,000 - $5,000,000

Account keeping fee

$15 per month

Please download our Business Lending Fees & Charges document for more details.

Fees

Please download our Business Lending Fees & Charges document for more details.

How to apply

Check eligibility

To apply for a Business Essentials Term Loan:

  • You will need to be able to provide up to two consecutive years of financial information. This may be for a business you currently own or for a business you plan to purchase.
  • Your maximum required lending amount needs to be $5 million or less.
  • You need to have security such as residential property, commercial or industrial property, or a combination of these.

Please note: all applications are subject to approval.

Document Checklist

To be eligible for a Business Essentials Loan:

  • two years of financial statements (Balance Sheet and Profit & Loss).
  • 12 months of non-Suncorp Bank account statements, recent Council rates notice for existing property, executed purchase contract (if applicable).
  • ID documents

To apply

Enquire now

If you would like to apply for a Business Essentials Term Loan, please complete our online enquiry form and a Business Specialist will be in touch.

Enquire now
Call us

Speak to a business specialist

Monday - Friday , 8am - 5.30pm AEST

Call 13 11 75
  • Useful forms

Direct Debit Stop - Cancellation Request

Add/Delete Authority Request Form

All forms and documents

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Current Offer applies to variable loans secured by residential property with an LVR of 80%. For variable loans secured by commercial property with an LVR of 70%, an additional margin of 0.50% p.a. will apply. Further discounts or margins may apply based on LVR.

It may be necessary to vary the terms of your product to convert it to a different replacement product. This means you may end up with a product that has different terms and features from those you initially applied for. In any event, Suncorp Bank will give you more information about these changes before they take effect. You may also wish to consider applying for other products instead. If you have any questions, please contact us on 13 11 75.

Home Loan, Personal and Business Banking products are issued by Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882) to approved applicants only. Eligibility criteria, conditions, fees and charges apply and are available on request. Please read the relevant Product Information Document and terms and conditions before making any decisions about whether to acquire a product.

1Offset is only available on lending where security is acceptable to the Bank. Offset feature is only available on a variable loan.  Terms and conditions apply.

2LVR stands for loan to value ratio at loan approval. LVR is the amount of the loan compared to Suncorp Bank’s valuation of property offered to secure the loan as a percentage. For loans secured by residential property with a LVR of over 80%, or for loans secured by commercial property with a LVR of over 70%, a margin will be added to your interest rate.

3Customers will need to register for the Online Cashback to withdraw their available Cashback via their Internet Banking and the Suncorp Bank App.

Higher Loan-to-Value Ratio (LVR) lending

Loan to value ratio(LVR) at loan approval is the amount of the loan compared to Suncorp Bank’s valuation of property offered to secure the loan as a percentage.