Shift Business Finance Review

Get a personalised quote on Shift business finance interest rates and compare them to other small business lenders.

Shift is a specialist lender with a proprietary online platform providing financing and payment options for SMEs in one place. Shift’s technology enables real-time loan processing, and businesses can get a trade account to manage payments to suppliers on their terms. Shift has a team of specialists available to consult.

Shift services all industries, including retail, wholesale, professional services, hospitality, construction, etc.

Shift business finance at a glance

	Shift loan details
Finance options	Small business loans Equipment line Vehicle finance Business overdrafts Trade accounts
Borrowing amounts	Up to $2 million
Loan terms	12 – 72 months
Unsecured loans	Up to $200k
Interest rate	From 13.95% - 23.95% p.a.
Fees	$499 establishment fee on vehicle finance, or 3% of loan amount on term loans $495 - $795 annual fee on credit lines
Security (if applicable)	Real estate or other business assets
Repayment schedule	Weekly or monthly
Early repayment	No early repayment fees
Approval time	Pre-approval within 24 hours

Our verdict on Shift’s business finance

Shift’s proprietary technology takes the guesswork out of applying for finance. Rates and fees are on par with other business lenders, but you get the added benefit of having all your credit and payment options in a single account. This makes it easier to manage cashflow throughout the year and at tax time. There are no early payment fees, meaning you can save interest on your finance by making additional repayments.

What are the interest rates on Shift business finance?

Shift’s interest rates vary depending on which product you’re applying for. On a business overdraft or term loan, expect to pay between 14.95% - 23.95% p.a. On overdrafts interest is only charged on funds drawn down, not the entire line of credit.

For an equipment line, rates are slightly lower, ranging from 13.95% - 16.95%.

Who’s eligible for a Shift business loan?

Like most lenders, Shift provides finance to established businesses that can provide business bank statements. Here are the eligibility criteria for most finance products.

Active ABN or ACN: You must operate a business registered in Australia

Minimum annual turnover: $250,000

Minimum trading period: Two years

Good credit score: Required with most finance options

Financial documents: Bank statements for the last six months. For loans over $300,000, you’ll also need to provide a snapshot of the ATO portal

How to apply for finance with Shift in three easy steps

Online application

Enter your business registration information and contact details. Submit all other relevant identification documents like your driver’s licence or passport number.

Link your business bank account

Do this via the proprietary online process for real-time processing. Shift has Relationship Managers on call to answer any questions at any stage of the application process.

Application is assessed

If your application is approved, you’ll get the funds deposited directly into your business bank account within 24 hours.

Shift finance comparison vs other business lenders

Lender	Product	Terms	Loan range	Interest rates	Fees	Security
Business Fuel	Business loans	6 - 36 months	$10K – $500K	Percentage rate determined on application	Upfront flat fee & drawdown fee structure	Unsecured up to $200K
Shift	Business loans and credit lines	12 - 72 months	Up to $1m	From 13.95% p.a.	3% establishment fee	No security required up to $200K
Prospa	Small business loans	3 - 60 months	$5K – $500K	Quoted on application	3-3.5% establishment fee	No security required up to $150K
OnDeck	Small business loans	6 – 24 months	$10K – $250K	Determined on application	3% (of loan amount) establishment fee & 2% fee for loan renewals	Unsecured up to $250K
Moula	Business finance	12 - 36 months	$10K – $250K	From 15.99% p.a.	Up to 4% establishment fee	No security required up to $250K
Shift	Business loans	12 - 60 months	$2K – $1m	From 13.95% p.a.	3% establishment fee	No security required up to $500K
Max Funding	Small business loans	1 - 60 months	$3K – $1m	From 1.25% per month	No fees	No security required up to $500K
Spotcap	Business finance	3 - 36 months	$10K – $500K	Quoted on application	Upfront fee	Secured
Lumi	Small business loans	3 - 36 months	$10K – $750K	Quoted on application	2.5% - 3.5% establishment fee	Unsecured up to $300K

Read our reviews of other Australian business lenders

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