It's like having money on demand ready when you need it!

Similar to a credit card or overdraft, but for your business. We give you a credit limit, and you can dip in and out whenever you need a boost for your working capital.

Why do businesses love it?
Flexibility! It's your safety net for access to funds when you need them without the burden of debt or repayments when you don’t.

Best thing about it? You only ever pay interest on the amount you actually borrow.

Start by getting your hands on these documents:

Then head over to our online application and start the 5-10 minute online application, and we’ll reach out to you ASAP.

To get the green light, all you need is an Aussie-registered business that's been up and running for at least 6 months with an average annual turnover of $50,000 or more.

Your cash, your call! Use the funds on almost anything that floats your business boat. Here are some ideas:

Good news! It keeps on going!

Each year, we’ll check in with you to see if there are any changes to your situation. If nothing has changed, the Line of Credit will get the green light and automatically renew and you will have access to the funds for another year. If there are any big changes, your Lumi Account Manager will get in touch to chat about options.

At Lumi, our Lines of Credit can go up to $500,000.

We take a look at your business and select a limit that best suits your situation.

Here at Lumi, we’re proud to bring you fuss-free funding.

We charge a one-off establishment fee the first time you draw down and no extra fees as long as the Line of Credit is open. The initial fee depends on your Line of Credit limit and then you’re set to get down to business – no additional fees, no guesswork, no hassles.

We streamlined access to your Line of Credit through our user-friendly Lumi Customer Hub.

Simply log in and you'll have the power to perform various tasks, from effortlessly viewing transactions to seamlessly drawing down funds.

After getting approved, you'll make an initial drawdown within the first 4 weeks. From there, you have the flexibility to draw down funds as you need them. With each drawdown, we calculate your new minimum weekly repayment, taking into account your Line of Credit balance, interest rate, and repayment terms. This amount is then conveniently debited from your nominated account once a week, covering both principal and interest. Rest assured, our automatic direct debit ensures you never have to worry about forgetting a payment.

Need more flexibility? You can make additional payments anytime, allowing you to settle your balance sooner and reduce the total interest paid.

Repayment terms are tailored to your business's unique situation, ranging from a convenient 2 to 5 years.

It’s also important to know that your repayment term will reset every time you withdraw funds. This means it re-starts a new repayment term after each withdrawal, which could last again between 2-5 years.

At Lumi, you only pay interest on the amount you borrow.

For instance, if your limit is $150,000 and you borrow $10,000, you'll only be charged interest on the $10,000 drawn, not the full $150,000.

We keep it straightforward, so you can focus on managing your business while we handle the details.