Bank loan alternatives up to $250,000

With Spotcap’s assistance, Navid – along with over one thousand Australian companies – grew his business

Fully unsecured

No obligation application

Decision within one working day

No early repayment fees

Help to grow

SMEs need access to capital to expand and innovate. A bank loan alternative from Spotcap can help

Alternative bank loans up to $250,000

Enjoy a simple, paperless application

You will only ever pay interest on what you use

Your funds are available within 24 hours

How to apply for a bank loan alternative from Spotcap

The online application process can be completed in as little as five minutes. Simply signing up is 40% of your application

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Sign up to check eligibility

Find out if you qualify by completing a short form
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Enter key business details

Provide information on responsibilities and how you plan to use your loan

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Provide us with documents

Connect your accounting software of upload documents. Then, connect your business bank account

How Spotcap customers have used their bank loan alternatives

Real life applications of how finance from Spotcap has helped businesses to grow

  • Bridging receivables

    Financing a period between funding

  • Marketing campaigns

    Launching a campaign to obtain more clients & customers

  • Unexpected expenses

    Covering unforeseen operating costs

  • Upgrading equipment

    Purchasing new machinery, updating finance or manufacturing software

The cost of a bank loan alternative from Spotcap

With our unsecured approach, you only ever pay interest on what you draw-down. Find an estimate of your monthly repayments using our loan calculator:

  • Amount
    $ 125,000
  • Time
    9 months

$14,951

Monthly repayment

For illustrative purposes only. The example shown above is based on an average Spotcap customer. We base our decisions on several criteria and loans can only be granted to borrowers who can afford repayments. For more information about responsible lending click here or contact us directly.

Monthly repayment

$14,951

  • Amount
    $ 125,000
  • Time
    9 months
For illustrative purposes only. The example shown above is based on an average Spotcap customer. We base our decisions on several criteria and loans can only be granted to borrowers who can afford repayments. For more information about responsible lending click here or contact us directly.

Navid is one of thousands of Australian business owners who trust Spotcap. Read more

Compare us to traditional lenders

Because we understand the financing needs of small businesses, we stack up against traditional lenders

Bank LoanCredit Card Advance
Fast decision   
Paperless   
Focus on real-time performance   
Transparent costs   
Flexible payback   
apply now Read more about our line of credit

We’re backed by experience and commitment

Spotcap Australia is led by Lachlan Heussler. He’s supported by a team of professionals dedicated to simplifying the route to finance for small and medium-sized businesses

Lachlan Heussler

An experienced entrepreneur and innovator with more than 15 years’ experience in financial services with Deutsche Bank, UBS and Citigroup.

Jens Woloszczak

Jens founded Spotcap with the aim of changing the banking landscape and has many years of experience in finance.

Bruce Brenkus

Bruce Brenkus had senior roles at Wells Fargo Bank and Better Finance (SmartBiz), has advised Experian and the Commonwealth Bank of Australia, and is a regular speaker at risk management events.
Unsecured business loans for Aussies small and medium sized enterprises

The problem with traditional lenders

In terms of dealing with the needs of small and mid-sized businesses, traditional lenders are outdated. Obtaining a loan from a traditional lender often requires a lot of time, paperwork and collateral – and that's if a small business can even meet the institution's strict lending criteria.

By failing to serve the needs of Australian companies, an SME lending vacuum has been created, currently estimated at $60bn. Alternative lenders have stepped up to bridge the gap, offering innovative financial products like online loans.

The solution: fast, flexible and online

An online business loan is a type of finance that is issued electronically. The facility is transferred to a bank account, allowing a business fast and easy access to funds when it needs them. Digitising the process makes this form of finance much more accessible compared to traditional funding options, allowing businesses to have access to their loan in as little as one working day.

The resulting underserved market allowed alternative lenders like Spotcap to uniquely meet the needs of SMEs. Spotcap offers online business loans to help businesses grow. Businesses often use this type of loan to boost growth while avoiding risking personal and business assets. Spotcap is fully unsecured, which means we don't require assets to be secured against the funds we lend.

Unsecured lending for businesses from $10k to $250k

The solution: fast, flexible and online

An online business loan is a type of finance that is issued electronically. The facility is transferred to a bank account, allowing a business fast and easy access to funds when it needs them. Digitising the process makes this form of finance much more accessible compared to traditional funding options, allowing businesses to have access to their loan in as little as one working day.

The resulting underserved market allowed alternative lenders like Spotcap to uniquely meet the needs of SMEs. Spotcap offers online business loans to help businesses grow. Businesses often use this type of loan to boost growth while avoiding risking personal and business assets. Spotcap is fully unsecured, which means we don't require assets to be secured against the funds we lend.

Unsecured business lending in Australia of up to $250k

FAQ: Secured vs unsecured lending

Traditionally, finance comes in two main forms - secured or unsecured. The difference? Secured lending is tied to assets and unsecured lending is not.

Traditional lenders often ask for your home or other assets as security before issuing finance. They want some confidence that if the business can’t repay the loan, they have another way to get at least some of their money back.

An unsecured business loan allows you to borrow without being asked to commit any collateral. Many business loans are directly linked to, or secured on, specific commercial or personal assets.

Because they’re not tied to an asset, unsecured loans can be set up quickly, with less paperwork. This makes them more versatile in a fast-moving commercial environment.

Get in touch with Spotcap

If you have a question

Our comprehensive FAQs page probably has the answer.

If you prefer the phone

We’re pleased to take your call on 1800 10 70 10. You can contact us from Monday to Friday between 9:00am and 6:00pm.