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Shift Business Term Loan

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Shift Business Term Loan
Upfront Fee
Max. Loan Amount
Loan Term
1 to 5 years


Borrow up to $1,000,000 to support the growth of your business with a flexible business term loan.

3 things to consider about this loan:

  • Variable annual rates: The rate is decided based on loan amount and circumstances and could be as low as 14.95% or as high as 23.95%.
  • Fees: The term loan includes an establishment fee of 3% of the drawdown amount, plus direct debit fees and failed payment fees.
  • Flexible repayments: Choose between weekly or monthly repayments.


  • Maximum loan of $1,000,000
  • No security needed up to $250k
  • Flexible loan terms


  • Interest rates reach 14.95%
  • 3% establishment fee
  • Not suitable for businesses less than 3 years old

In this guide

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Product details

Product Name Shift Business Term Loan
Min. Loan Amount $25,000
Max. Loan Amount $1,000,000
Loan Security Unsecured
Upfront Fee 3%
Loan Term 1 to 5 years

How do business term loans from Shift work?

The Shift Business Term Loan is for businesses which have been trading for at least 2 years and have annual turnover of at least $250,000. The term loan is a business loan of up to 5 years, with personalised interest rates between 14.95% and 23.95%.

What can the Shift Business Term Loan be used for?

The funds will be deposited directly into your business bank account and they can be used for any business purpose. Typically, they are used for one-off finance needs like capital projects and business expansion.

What features does Shift offer with its business term loans?

These are some of the features you can expect with a loan from Shift. .

  • Varied loan amounts. You can apply for a business loan from as little as $25,000 to $1,000,000.
  • Quick application. The application can be completed online in less than 5 minutes.
  • Fast funding. If approved, you can receive the funds in your account within 24 hours.
  • No early repayment fees. You won’t face any additional fees if you decide to repay the loan early.

How much does the loan cost?

The cost of your loan will depend on your circumstances and business data. Here’s a general outline of the costs you might face:

  • Typical establishment fees are 3% of the drawdown amount
  • Direct debit fee of $3.85
  • A dishonour payment fee of $25 in the event of a failed direct debit
  • A default interest fee of 5% p.a. chargeable on the outstanding principal

How to apply

Apply for a Shift Business Term Loan by clicking on the ‘Go to Site’ button below and filling out the simple online application form. You’ll need the following information at hand while applying:

  • Personal details including your email, date of birth, home address and mobile number
  • Personal identification e.g. drivers licence or passport number
  • Bank account details
  • Your ABN
  • 6 months of bank statements
  • Financial statements and a snapshot of your business’ ATO portal (for loans of $500,000 or more)

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