Concurrent Facility
Last reviewed 13 June 2026 by Nick Lim, finance broker (FBAA).
Concurrent Facility is an additional loan facility taken alongside an existing one, running at the same time rather than replacing it. It is common where a business keeps its asset finance with one lender and adds a separate working capital line with another. The existing facility's repayments still count in serviceability, and taking too many at once shades into facility stacking.
Why Concurrent Facility Matters
A concurrent facility adds funding without disturbing an existing loan, but every facility still counts against capacity.
- Runs alongside an existing facility
- Often a different lender or product
- Existing repayments still hit serviceability
- Too many at once becomes facility stacking
- Common for adding a working capital line
Common Features of Concurrent Facility
- Two or more facilities active together
- Separate limits and securities
- Each assessed in serviceability
- Used to keep specialised lenders
- Can complicate refinancing
Official reference: business.gov.au
What is a concurrent facility?
An extra loan taken alongside an existing one, running at the same time. It still counts in serviceability.
Concurrent facility vs refinance?
A concurrent facility adds funding; a refinance replaces an existing loan with a new one.
Does a concurrent facility hurt borrowing power?
It can, because the existing facility's repayments are still counted in serviceability.
When is a concurrent facility used?
Often to add a working capital line while keeping asset finance with another lender.
Is a concurrent facility the same as stacking?
No, but taking several at once can become facility stacking, which lenders treat as a risk.