St.George Small Business Loan

How does the St.George Small Business Loan work?

The St.George Small Business Loan has two options for your business to choose from. One is a fixed rate business loan that is commercially secured and allows the business to apply for amounts of $20,000 and above over 25 years. This has increased from 15 years. The second option to choose from is a variable rate residentially secured loan which allows you to apply for amounts of $20,000 and above with a loan term of 30 years. You ensure that you're a customer of St.George Bank, apply for the loan amount you'd like for your business and wait for approval, which can take a few business days.

Features of the St.George Small Business Loan

Some of the features of this loan are as follows:

• Increased loan terms. St.George has increased the maximum loan terms on variable rate commercially secured and residentially secured loans. This increase has gone from 15 years to 25 years on commercially secured loans and from 25 to 30 years on residentially secured loans. These increases allow your business more time to pay off the loan.
• Lump sum repayment options. With this loan, you have the option to make additional lump sum payments throughout your loan. If you have a variable rate loan, you are able to make additional repayments at any time throughout the duration of the loan without penalty. If you have a fixed rate loan, you are able to make a lump sum payment at the end of the loan term without any penalty. However, if you wish to make a lump sum payment before the end of the fixed rate loan term, you will be charged a fee.
• Option of fixed or variable rate. With this business loan, you have the option of choosing between a fixed rate loan or a variable rate loan. Each loan type has advantages. For example, with the variable rate loan option, you can secure this loan with cash, property or business assets. With the fixed rate loan, you have the certainty of a fixed rate and set repayments which helps you with budgeting costs for your business. The variable rate for this loan is 8.48% p.a.
• Flexible repayment options. With your variable rate loan, you can choose between paying interest only, or principal, interest and fees. With your fixed rate loan, you have the option of paying interest in advance for the year or on a monthly basis to help you manage the cash flow of your business.
• Large minimum amount. You can apply straight away for a minimum of $20,000 with this loan.

How much does the loan cost?

As the rates and fees with this loan are dependent on whether or not you decide to get a fixed rate or a variable rate loan, it's important to keep this in mind before reviewing the fees below. Some of the fees you can expect to be charged with this loan are:

• A monthly account keeping fee.
• An initial account application fee for the loan.
• Interest rate charges. These will change depending on whether you've applied for a fixed rate or variable rate loan.

However, this depends on how much you apply for with St.George.

How to apply for the St.George Small Business Loan

Click on "Go to Site" and ensure that you meet the criteria that are needed for the loan. The only eligibility criterion you need to meet for this loan is to be a registered Australian business. This means you have to produce one or more of the following:

• Australian Business Number (ABN)
• Australian Company Number (ACN)
• Australian Registered Body Number (ARBN)
• Australian Registered Scheme Number (ARSN)

Another criterion that you need to meet is to be a St.George customer. If you're not one, they have a handy checklist that can help you get all of the documents you need in order to become a St.George customer. As the checklist varies from the ABN to the ACN, it's important that you know what you need in order to become a St.George customer before considering whether to apply for this loan. While this is a competitive business loan to consider, make sure you compare business loans to see which one meets your business needs.

Comparison of other business loans

Whilst we don't directly compare the St.George Small Business Loan, compare other business loans offering similar features.

{"userFilters":[{"config":{},"dataSelector":{"recordType":"product","fieldCode":"GENERAL.PROVIDER_ID"},"dataType":"UUID","label":"Provider","order":100},{"config":{"MULTISELECT":true,"VALUES":"$0-10000, $10000-$20000, $20000-$30000, $30000-$40000, $40000-$50000, $50000 and above"},"dataSelector":{"recordType":"product","fieldCode":"TABLE_FILTER.BORROW_AMOUNT"},"dataType":"TEXT","label":"How much do you need to borrow?","order":null},{"config":{"MULTISELECT":true,"VALUES":"Haven\u2019t started yet, 0-6 months, 6-12 months, 1 to 2 years, 2 to 3 years, 3 years+"},"dataSelector":{"recordType":"product","fieldCode":"TABLE_FILTER.BUSINESS_AGE"},"dataType":"TEXT","label":"How old is your business?","order":null},{"config":{"MULTISELECT":true,"VALUES":"$0, $1 - $50000, $50000 - $100000, $100000 - $200000, $200000 - $300000, $300000+"},"dataSelector":{"recordType":"product","fieldCode":"TABLE_FILTER.BUSINESS_REVENUE"},"dataType":"TEXT","label":"How much does your business make per year?","order":null},{"config":{"MULTISELECT":true,"VALUES":"Secured, Unsecured"},"dataSelector":{"recordType":"product","fieldCode":"TABLE_FILTER.LOAN_SECURITY"},"dataType":"TEXT","label":"Loan Security","order":null},{"config":{"MULTISELECT":true,"VALUES":"1 month to 12 months, 1 to 2 years, 2 to 3 years, 3 to 4 years, 5 years and above"},"dataSelector":{"recordType":"product","fieldCode":"TABLE_FILTER.LOAN_TERM"},"dataType":"TEXT","label":"Loan Term","order":null}],"niche":{"currencySymbol":"$","decimalPoint":".","decimalPlaces":"2","thousandsSeparator":",","filterBoundsMap":{"product.GENERAL.PROVIDER_ID":null,"product.TABLE_FILTER.BORROW_AMOUNT":null,"product.TABLE_FILTER.BUSINESS_AGE":null,"product.TABLE_FILTER.BUSINESS_REVENUE":null,"product.TABLE_FILTER.LOAN_SECURITY":null,"product.TABLE_FILTER.LOAN_TERM":null}},"prefilled":false,"experimental":false}

20 of 176 results

Updated regularlyShare

Finder Score	Min. Loan Amount	Max. Loan Amount	Loan Term	Upfront Fee	Filter Values
Promoted Finder Score 8.2 Great ScotPac Boost Business Loan	Finder Score 8.2 Great	$10,000	$500,000	6 months to 3 years	$0 application fee		A business loan for any industry. Borrow between $10,000 and $500,000, with approved loans funded within 24 hours. Minimum monthly turnover of $10,000 and 1 year of trading history required.	Go to siteMore info Compare product selection Compare	loading
Promoted Finder Score 9.5 Excellent Valiant Finance Business Loan Broker	Finder Score 9.5 Excellent	$5,000	$20,000,000	3 months to 7 years	$0 application fee		A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 80 lenders. Loans between $5,000 and $20 million are available. Request a call – your loan can be funded in 1 business day.	Enquire nowMore info Compare product selection Compare	loading
Finder Score 5.5 Standard ebroker Business Loan	Finder Score 5.5 Standard	$5,000	$5,000,000	1 month to 30 years	$0 application fee		Small business loans available between $5,000 and $5,000,000. Get access to 70+ non-bank lenders on this independent platform.	Enquire nowMore info Compare product selection Compare	loading
Finder Score 7.9 Great Prospa Small Business Loan	Finder Score 7.9 Great	$5,000	$500,000	3 months to 3 years	3.5% origination fee		Small business loans are available from $5,000 - $500,000 on terms of up to 3 years. At least six months trading history and a monthly turnover from $5,000 is necessary.	Go to siteMore info Compare product selection Compare	loading
Finder Score Scotpac Line of Credit	Finder Score	$40,000	$500,000	From 3 months			Go to siteMore info Compare product selection Compare	loading
Finder Score 7.9 Great ScotPac Invoice Finance	Finder Score 7.9 Great	$200,000	$150,000,000	1 to 2 years	Establishment fee 1% of the limit		Improve your business cash flow by financing your outstanding invoices. No minimum trading history required, but minimum 12 - month term and $200,000 in invoices.	Go to siteMore info Compare product selection Compare	loading
Finder Score 8.8 Great Gateway Commercial Property Loan	Finder Score 8.8 Great	$250,000	$4,000,000	1 to 30 years	$1,500 for loans up to $750K and 0.40% of total amount applied for over $750K (for standard applications)		A business loan for commercial property, with borrowing amounts between $250,000 and $4,000,000. Redraw available and loan terms range up to 3 years.	More info Compare product selection Compare	loading
Finder Score 8.4 Great Prospa Unsecured Business Loan	Finder Score 8.4 Great	$5,000	$150,000	3 months to 2 years	3% origination fee		An unsecured business loan available up to $150,000 that can be funded in 1 business day. You must provide 6 months of trading history, 3 months history of existing business purchases and have a turnover of $6,000+ per month.	Go to siteMore info Compare product selection Compare	loading
Finder Score 8.5 Great Prospa Secured Business Loan	Finder Score 8.5 Great	$150,000	$500,000	3 months to 3 years	3% origination fee		A secured business loan available up to $500,000 that can be funded in 1 business day. Your business must have a turnover of at least $6,000 per month and you must provide 6 months of trading history and 3 months history for existing business purchases.	Go to siteMore info Compare product selection Compare	loading
Finder Score 8.8 Great Heritage Bank Equipment Loan	Finder Score 8.8 Great	$20,000	$500,000	Up to 5 years	$450		This business loan is designed to buy new or used equipment and has borrowing amounts between $20,000 and $500,000. No monthly fees and the loan is secured against the assets purchased.	ContinueMore info Compare product selection Compare	loading
Finder Score 8.7 Great Gateway Commercial Plus Property Loan	Finder Score 8.7 Great	$4,000,000	$10,000,000	1 to 30 years	0.40% of the total loan amount (for standard applications)		A business loan for commercial property, with borrowing amounts between $4,000,000 and $10,000,000. Redraw available and loan terms range up to 3 years.	ContinueMore info Compare product selection Compare	loading
Finder Score 8.6 Great Service One Business Loan	Finder Score 8.6 Great	$5,000	$1,000,000	1 to 15 years	$400		A business loan with fixed or variable interest rate options. Choose between paying principle and interest or interest only for a period.	ContinueMore info Compare product selection Compare	loading
Finder Score 8.8 Great NAB Vehicle & Equipment Finance Offer	Finder Score 8.8 Great	$10,000	$150,000	1 to 5 years	$500 initial set up fee		Benefit from a low fixed rate and no upfront deposit to purchase vehicles and equipment for your business.	ContinueMore info Compare product selection Compare	loading
Finder Score 8.5 Great CommBank BetterBusiness Loan Most Loved	Finder Score 8.5 Great	$10,000	$1,000,000	1 to 30 years	Depends on application and whether or not security provided		Borrow up to $1,000,000 with a varied loan term of 12 months to 3 years.	ContinueMore info Compare product selection Compare	loading
Finder Score 8.5 Great People's Choice CU Variable Rate Business Loan	Finder Score 8.5 Great	$50,000	$1,000,000	1 to 25 years	$600 (loans up to $80,000) & 0.75% of loan (loans greater than $80,000)		A variable rate business loan from as low as $50,000 with the option to pay interest only for up to 25 years, no extra repayment fees, and no ongoing monthly fees.	ContinueMore info Compare product selection Compare	loading
Finder Score 8.4 Great Stratton Finance Business Car Loan	Finder Score 8.4 Great	$10,000	$300,000	1 to 7 years	$482		A business vehicle loan for up to $300,000, with flexible contract terms and fast turnaround times.	ContinueMore info Compare product selection Compare	loading
Finder Score 8.8 Great Southern Cross Credit Union Business Loan	Finder Score 8.8 Great	$50,000	No maximum amount	1 to 30 years	$699 + 0.25% + loan amount		Get business finance tailored to your needs, with funds available 24 hours after settlement.	ContinueMore info Compare product selection Compare	loading
Finder Score 8.3 Great Banjo Business Loans	Finder Score 8.3 Great	$20,000	$2,000,000	6 months to 5 years	up to 3% for the 36 month loan term		Available for businesses that are at least two years old and has an annual turnover of $500,000.	ContinueMore info Compare product selection Compare	loading
Finder Score 8.2 Great NAB Vehicle & Equipment Finance	Finder Score 8.2 Great	$10,000	$150,000	1 to 5 years	$600 initial set up fee		Benefit from a low fixed rate and no upfront deposit to purchase vehicles and equipment for your business.	ContinueMore info Compare product selection Compare	loading
Finder Score 8.2 Great NAB Business Recovery Loan	Finder Score 8.2 Great	$20,000	$5,000,000	Up to 10 years	No approval or administrative fees		An Australian government backed loan with competitive rates to assist businesses after lockdowns. Borrow up to $5,000,000. Variable rates from 4.5% p.a. up to 3.95% p.a.	ContinueMore info Compare product selection Compare	loading

loading

Load More

Showing 20 of 176 results

Compare other products

We currently don't have that product, but here are others to consider:

How we picked these

Finder Score for business loans

We assess over 150 business loan products for their rates, fees and important features, assigning them a score out of 10.

Read the full methodology