Broker guide
NAB Business Loans: Eligibility and Evidence 2026
Assess NAB business funding by purpose, entity and cash flow. Distinguish QuickBiz, secured facilities and equipment finance before preparing the file.
- Published
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A NAB business loan can fund a defined purchase or expansion, while an overdraft covers recurring gaps between business receipts and payments. Choose the facility by its purpose and repayment pattern, then assess the borrowing entity, financial evidence and security. A business debt also needs to be reconciled when its owner applies for a home loan.
Choose the NAB Business Facility
Match the NAB facility to how the business uses and repays the money. A term loan suits a known funding amount repaid over an agreed term. An overdraft supplies a reusable limit through a business transaction account.
| Funding need | NAB facility | Repayment structure and file focus |
|---|---|---|
| A defined business expense without physical assets as security | QuickBiz Loan | Fixed-rate principal and interest repayments each month. Test the repayment against business cash flow. |
| Medium to long-term investment or expansion | Business Options Loan | Fixed or variable rates, with secured and unsecured options. Record the agreed repayment schedule. |
| Recurring cash shortfalls while awaiting customer payments | QuickBiz Overdraft | Interest on the amount drawn, plus a service fee based on the approved limit. Record both the limit and balance. |
| Larger borrowing with interest-rate risk management | Business Markets Loan | One approved facility can contain several rate components. Reconcile each component and the facility expiry. |
| Buying a business vehicle or equipment | Vehicle and Equipment Loan | Asset finance generally secured by the purchased asset. Include any final balloon payment in the commitment schedule. |
NAB’s QuickBiz Overdraft is available from $5,000 to $50,000. Its variable interest charge applies to the debit balance, while the service fee applies to the approved limit. A partly unused facility can therefore still carry a cost.
For a vehicle purchase, NAB’s Vehicle and Equipment Loan generally uses the asset as security. Additional security can be required in some circumstances. If the contract includes a balloon, lower regular repayments leave a lump sum due at the end.
Business Options and Market-Linked Facilities
NAB still lists both the Business Options Loan and Business Markets Loan as available business-lending products. Their rate structures differ, so use the selected facility’s terms when preparing the file.
The Business Options Loan has fixed and variable rate options. Variable pricing combines NAB’s Business Options Prime Indicator Rate with a customer margin. Extra repayments are available on variable loans, and redraw requires NAB’s agreement.
Business Options can be secured or unsecured. NAB identifies residential and commercial property as typical security for secured facilities, with longer terms available for secured lending. Record whether the client’s home is security for the business debt before treating its equity as available for another transaction.
The Business Markets Loan is for borrowing over $250,000. NAB lists floating, fixed, capped and flexible-maturity rate structures. Floating pricing resets each pricing period using the applicable NAB Business Lending Rate plus the customer margin.
NAB’s Business Markets product summary explains how components sit within one approved limit and expiry. The total components must stay within that limit. For a broker, this means collecting the component schedule as well as the headline facility balance.
Compare repayment timing with the business’s receipts. An interest-only component leaves principal outstanding, so identify the amount due at maturity and the proposed repayment source. Rate protection also needs to be read with its component terms, including early termination costs.
QuickBiz and Financial Evidence
The NAB QuickBiz Loan remains an online unsecured term-loan product, with advertised borrowing from $5,000 to $250,000. It has monthly principal and interest repayments over terms of up to five years. These loan settings differ from the QuickBiz overdraft’s revolving limit.
Existing customers apply through NAB Internet Banking. New customers use NAB’s online application. A decision depends on the required information and credit assessment, so an online application is not a funding commitment.
NAB’s full QuickBiz eligibility criteria require Goods and Services Tax (GST) registration and annual turnover of at least $75,000. The business needs at least 12 months of operation and a valid Australian Business Number (ABN). Supported structures include sole traders, partnerships of up to two individual partners, companies with up to five directors and eligible trusts.
Trust eligibility has additional conditions. Franchise businesses use a banker callback instead of the online application, and the loan cannot fund payments to the Australian Taxation Office (ATO). Where NAB requests accounting data for QuickBiz, its criteria require at least 12 months of continuous reconciled data in a supported platform.
Prepare the evidence for the actual application route. NAB’s business-finance document guide describes a broader assessment pack, which usually includes two years of financial statements and the latest full tax portal report. That report can include tax returns, business activity statements and ATO account information.
The working file needs the following evidence:
- Identify the borrower and its owners. Retain business registration details and the relevant company, partnership or trust documents.
- Reconcile financial statements with current trading. Keep requested transaction histories and explain material differences between annual accounts and recent performance.
- List existing debts with their statements, limits, balances and repayments. Include tax debts and commitments held outside NAB.
- For directors or shareholders, gather requested personal tax evidence, assets and liabilities, outside income and living expenses.
A broader business-finance application pack does not establish that every QuickBiz applicant must upload the same documents. Keep the application’s requested evidence with the file and resolve inconsistencies before submission.
Security, Guarantees and Total Commitments
Security identifies the assets supporting a NAB business facility, while a guarantee creates an obligation for another party under its terms. Keep those records separate from the borrowing entity’s repayment schedule. NAB’s document guide says company directors usually provide guarantees where the borrower is a company.
Read the signed Business Letter of Offer alongside NAB’s Business Lending General Terms. The offer identifies each facility’s purpose, pricing, limit and expiry, together with its specific conditions. A product webpage cannot establish the exact security or guarantee agreed for a client.
Record the security property or asset, its owner and the facilities it supports. Retain the executed guarantee and identify its scope. An unsecured product’s lack of physical collateral does not answer whether a particular person has signed a guarantee.
For the credit file, record the contractual repayment frequency and any interest-only expiry or balloon. Show the business’s repayment in its cash flow before calculating income available to the owner. When assessing a related home-loan application, explain how the lender’s treatment of business debt connects to the income used, so the same repayment is not accidentally omitted or counted twice.
Consider a hypothetical business with a $40,000 term-loan balance and a $30,000 overdraft limit, of which $12,000 is drawn. The drawn balances total $52,000, but the overdraft still has a $30,000 approved limit. Retaining only the drawn total would hide available credit and the limit-based service fee.
Take the actual rate, term and repayment structure from the offer when estimating repayments. Before submitting the file, reconcile the offer, latest statements and cash-flow schedule so every facility and final payment has an identified repayment source.
