Business lines of credit up to $250,000 in Australia

Spotcap helped Jennifer, along with over one thousand Australian companies, to grow her business

What is different about a Spotcap line of credit?

Unsecured – no collateral required

No early repayment fees

Free, non-committal application

A decision within one working day

Use a line of credit to grow your business

SMEs need access to finance to grow and innovate. A credit line from Spotcap can help you move forward

Up to $250,000 of finance

Only pay interest on what you use

Straightforward paperless application

Funds available within 24 hours

How to apply for a business line of credit

It can take just 15 minutes to complete your application. By signing up, you have already completed 40% of your application


Sign up to to check eligibility

Find out if you qualify by completing a short form

Enter key business details

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

Connect your accounting software

Give us read-only access to your accounting software or upload key documents.

Connect your business bank account

This allows us to make a fast assessment of your applications. Your data is protected with bank level security

Spotcap's line of credit terms- what you need to know

Once you have completed your application, it will be reviewed by our team of expert underwriters. We approve more applications than we reject

Business Line of Credit Timeline


Once your application has been approved we offer you a credit line. Your funds will be available within 24 hours


Your credit line is available for 1 to 3 months. During this period you may drawn down as much or as little as you need


Each drawdown becomes a separate business loan. Each loan has the same interest rate


Each loan is repaid monthly over an agreed course of time (between 1 and 12 months). After the first month, you can repay your loan early without penalty


When your credit line expires you have the option to request a rescore. This means that we reassess your information and determine if we can offer a longer repayment schedule or larger credit line

Spotcap line of credit payment calculator

  • Amount
    $ 125,000
  • Time
    9 months


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


  • 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.

Want to talk to us

For more details on eligibility and required documents, call us on 1800 10 70 10 or request a callback

We’re trusted by thousands of growing businesses

Jennifer is one of many Australian business owners who has used Spotcap to grow. Read more about other aspirational SMEs we have financed

working capital loans customer quote

“Spotcap’s online process was simple and straight-forward and I was approved for finance in no time at all.”

Spencer Smith

Founder, RV Solar Supplies

Accounting softwares we are integrated with

Business Line of Credit Accounting Software

Understanding Business Lines of Credit

What you need to know as a business owner

What’s the difference between a business loan and a line of credit?

  • A business loan is a single sum of credit given by a lender to a business. Categorised as a debt-based financing arrangement, a business loan is often used by companies to fund investment and growth, or cover unforeseen business costs. As a business loan is a fixed amount, it suits companies that know exactly how much credit they need.
  • A line of credit, on the other hand, is an arrangement with a financial institution that gives a business access to a maximum amount of credit – sort of like a credit card. Borrowers are granted access certain amount of credit but are not obliged to use it all.
  • The main advantage of a line of credit is its flexibility. Businesses can tailor what they withdraw from their credit line (known as ‘drawing down’) to their needs. Interest tends to be paid only on the amount a business spends, not on the entire credit line they were approved for. Each drawdown from the line of credit becomes a separate business loan.

Why are lines of credit useful for small businesses?

  • Small businesses are often the most vulnerable when it comes to the effects of payment gaps and unforeseen expenses. For an SME, a delayed invoice can mean serious cash flow problems: a lack of working capital to operate the business, inability to replenish inventory, and even problems with payroll. A line of credit provides a safety net for businesses that know that might need credit, but are unsure about how much they will need and when.
  • Businesses experiencing high surges in growth will often need to draw on a line of credit to maximise profitability. A line of credit is often used as security for businesses wanting to grow. It can be used for various purposes including managing cash flow issues, bridging receivables and purchasing new assets.

What’s the difference between a revolving and non-revolving credit line?

  • Put simply, revolving credit is a type of credit line. A line of credit and revolving credit are financial arrangements made between a lending institution and a company or person. A lender provides access to funds that a business can use to for working capital, covering unforeseen costs or purchasing assets. The only fundamental difference between a revolving line of credit and a non-revolving line of credit is what happens to it after you have made a payment.
  • If you make regular payments on a revolving credit account, the lender may agree to increase the amount of credit offered – again, in a similar way to a credit card. There is no set monthly payment with revolving credit accounts – interest accrues on what’s been borrowed. When payments are made to the revolving credit line, the repaid funds become available for borrowing again. The credit limit may be used repeatedly, as long as the borrower does not exceed the maximum agreed amount.
  • Non-revolving lines of credit share many of the same features as their revolving counterparts. A credit limit is agreed upon, funds can be used for a variety of business purposes, interest is charged normally and payments may be made at any time. There is one major difference: The sum of available credit does not replenish after payments are made. Once you repay line of credit, the account is closed. This doesn’t mean the credit line won’t be available again – a lender may offer a similar or increased amount of credit after reviewing the borrower’s circumstances.

Ready to grow your business?