NAB launch new unsecured loans for small business

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National Australia Bank (NAB) will be the first Australian bank to offer a complete suite of unsecured, self-service digital financing facilities to help small business customers grow their business faster and easier.

The new loan suite managed under the QuickBiz moniker, delivers new financing options, including an overdraft facility and can be attached to any one of NAB’s business credit cards, giving eligible customers flexibility to choose which best suits them.

NAB Chief Customer Officer Business and Private Banking Angela Mentis said NAB understood easy access to funds was essential for small businesses.

“While many businesses take out loans, some prefer an overdraft to best manage cash flow while others work best with business credit cards because of the payment convenience that the product provides. Supporting the sector with choice and simple and quick access to credit is a key priority for us at NAB.”

The QuickBiz suite of products can be applied for online and offer a maximum of $50,000 in unsecured credit.

NAB has streamlined the application process. Once application contracts are signed and returned, cash is delivered to customer accounts within 24 hours and cards are sent via mail within 48 hours.

Customers can apply for one of the three products via a fast digital application process through nab.com.au, with conditional credit approval granted in minutes.

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Cec is a media professional with over fifteen years experience as an editor and journalist on titles as diverse as SX, Better Pictures, Total Rock, fasterlouder, mynikonlife and Fantastic Living. She has spent the past four years working as a news journalist covering all the issues that matter in the political, health and LGBTIQ arena. She is the Senior Writer at Pinstripe Media and a recent convert to the world of small business.

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