Funds for your business needs
Support your business with an easy-to-access finance solution.
Seamless onboarding
Register online to open an account and access up to $1 million.Flexible account
Access the funds you need to operate and grow your business.
Product information
With Shift’s Term Loan, businesses can borrow from $25,000 to $1 million. Funds can be used for any business purpose including capital projects, expanding premises, building a second store or acquiring a larger warehouse.
Term
Up to 5 yearsRepayments
Weekly or monthlyAccount limit
Up to $1 millionAnnual rate
14.95% - 23.95%Fees
3% establishment fee
No early repayment fees
How it works
Register online to open an account
- Link your business bank account
- Once approved, funds are transferred directly to your business bank account
FAQs
We can assess any business with an Australian ABN that has been trading for two years or more with a minimum annual turnover of $250,000.
- Registration is simple and can be completed online. We require a completed Application Form and 6 months of bank statements to process Term Loan applications under $500,000. For Term Loans of $500,000 or more, we also require financial statements and a snapshot of the ATO portal.
- Once you sign the Loan Agreement, the funds are transferred that day and should be in your business bank account the next business day.
The IDC DX Awards recognise the achievements of businesses that have digitised multiple areas of their business with digital and disruptive technologies. Shift (known as GetCapital at the time) was awarded the Digital Disruptor of the Year and Omni Experience Innovator. Acknowledging how Shift provides a better experience for buyers and suppliers through Shift Trade.
