Once I finalise my small business loan can I redraw? April 20, 2020 02:38 Yes, you can. As you repay the loan, the funds become available to redraw, just like an overdraft facility. Related articles Can I have more than one loan? Is there a time limit to use my business line of credit? Can I pay my loan out early? How long does it take to access funds? How much does it cost? Comments 0 comments Please sign in to leave a comment.