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.

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% - 24.95% 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, starting at 11.95%.

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