Growing a Small Business
Banking solutions to help you grow your business.
How to grow your small business
Business growth is the holy grail of success for many small business owners. However, unless you plan carefully and establish realistic business goals, the expansion of your SME business could turn into a runaway train putting your business at risk of incurring expenses that outweigh the returns.
Why building relationships with other small business owners is good business
If the impact of COVID-19 on small business owners and communities across Australia taught us anything, it’s the reminder of just how important it is to help each other
How to market your small business on a budget
When you are running a small business, money can be tight – even when you are out of the start-up business phase. However, marketing doesn't have to cost the earth with these low cost marketing tips.
Seven steps to help streamline your small business finances
When you are trying to grow your small business, finding ways to streamline your finances can be the difference between achieving your business goals or not.
From start up to success story – three things you need to do to grow your small business
Talk to any successful small business owner about how to start a small business, and they will tell you it takes time, planning, commitment and a lot of help and support from others along the way.
Creating a workplace culture to help your small business grow
It’s no secret that hiring the right people is a big challenge for small business owners. However, recent statistics show that employee turnover and staff retention rates have been falling dramatically in recent years and are an even bigger problem within the small business sector.
Meet Franziska Iseli
Franziska Iseli is an entrepreneur and the co-founder of Basic Bananas, The Business Hood, The Data People and Oceanlovers. A renowned marketing and brand strategist, adventurer, author and speaker, she shares her experience and advice for other women in business.
Meet Karen Carter
As Head of Commercial Broker, BOQ Business and BOQ Specialist, Karen fosters our relationship model proposition that allows brokers and their clients to have two points of contact – the Business Development Manager and Relationship Manager.
A full suite of business banking solutions for growing businesses
Small business bank accounts
Our low fee business bank Account
Everyday Business Account
Manage your transactions with ease - all for a low monthly fee.
- Free branch, ATM and cheque deposits
- Free Direct Debits and Direct Credits
- Easy account access through ATM/EFTPOS, Internet and Mobile Banking
ADDITIONAL INTEREST FOR 4 MONTHS ON BALANCES OVER $10,000
Business WebSavings Account
Make the most of your business savings with the flexibility of accessing your money anytime.
- Earn additional interest for 4 months as an introductory offer
- No monthly account maintenance fees
- Unlimited transfers
You can earn
pa.
on deposit up to $50,000
Maximise your import and export potential
International and Domestic Trade
From traditional trade products to tailored finance solutions, BOQ offers a range of trade finance solutions for your import and export business.
- Manage payment and foreign exchange risk
- Finance imports and exports
- Establish a foreign currency account
You can earn
pa.
on deposit up to $50,000
Small business loans and finance for updating your space or equipment
Tailored business financing, designed to expand your service
Business Term Loan
At BOQ, we make it our business to understand yours. If you’re looking to expand your business, we’re the kind of bank to make it happen.
- Loan-to-Value Ratio up to 90%*
- Loan terms up to 30 years*
- Redraw facility available on variable interest rate loans
Finance your equipment without tying up your cashflow
Equipment and Vehicle Finance
Whether you want to lease your equipment, salary package your vehicle or you're looking for a short-term finance solution to grow your business, we can help with a full suite of funding options.
- Spread your repayments over the life of the equipment
- No capital outlay
- Structure repayments to suit your cash flow
Flexible cash flow options to help you succeed
Manage your cashflow and cover expenses
Business Overdraft
You can't always predict when an unexpected expense will arise, or when you need to cover shortages in your cash flow. Our Business Overdraft gives you access to a minimum of $10,000, up to an approved limit.
- Attach to your BOQ Business Transaction Account for access when you need it
- Interest only charged on funds utilised
- Access your overdraft via EFTPOS, online banking, direct debit, in branch or via cheque
Guarantee payment without having to supply an upfront deposit or bond
Bank Guarantee
Bank Guarantees enable you to grow your business by providing your suppliers, landlord, or government authorities with the security of guaranteed payment.
- Flexible security options
- Faster turnaround (5-8 business days) with our Express Bank Guarantee Facility (up to $100,000 customer limit and 100% cash security)
- Earn interest on cash security at standard Term Deposit rates
Free up your cash flow spent on insurance premiums
Insurance Premium Funding
Pay your annual insurance premiums through flexible repayments, allowing your working capital to stay in your business.
- Easy monthly instalments
- 6 to 12 month options
- Release cash flow to invest back into your business
Merchant and payment solutions to get you started
Merchant Solutions
Accept card payments from your customers... anywhere, anytime.
- Online
- In store
- On the Go
Payment Solutions and Billing
Solutions for customer payments and the processing of large amounts of transactions.
- BPAY Billing for easy collection
- Direct Debit Facilities to get paid automatically
- Direct Credit Facilities to assist with salary payments or large quantities