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Business loans up to $400k for Australian SMEs

Spotcap helped Jennifer, and over one thousand Australian companies, grow her business

Unsecured, without collateral

Free non-committal application

Decision within 1 working day

No fees for repaying early

What's different about Spotcap business loans?

A decision within one working day

Free, non-committal application

Unsecured – no collateral required

No fees for repaying early

Finance for growing businesses

SMEs need access to capital to grow and innovate. An unsecured business loan from Spotcap can help you expand operations

Receive up to $400k of finance

Pay interest only on what you use

Complete our online application in just five minutes

Repay in monthly instalments over 6-24 months

We’re trusted by thousands of growing businesses

Don’t just take our word for it. Read about aspirational businesses we have financed

working capital loans customer quote

"Spotcap finance enabled us to grow and having that emotion that someone believed in your vision just left us feeling great"

Jennifer Hart

Director of Everyday Cashmere

Qualification and eligibility criteria

What we look for in applications

Australian business

Annual turnover of at least $200k

Trading for at least 18 months

Profitable business

How does the Spotcap business loan work?

Our business loans come in the form of a credit line ranging between $10k - $400k. Here's how it works:

1. APPROVAL

When your application is approved, we can offer you a line of credit. Your finance will be available within 24 hours

2. DRAWING DOWN

When you draw down on your credit line we create a separate business loan. Each loan has the same interest rate

3. COMMITMENT PERIOD

Your line of credit is available for 1 to 3 months. During this time, you may draw down as much or as little as you need

4. REPAYMENT

Each loan is repaid monthly over an amount of time (between 1 and 24 months). After the first month has elapsed, you can repay your loan early without penalty

5. RESCORING

Upon expiration of your credit line, you may request a rescore. We reassess your information and determine if we can offer a larger sum of finance

Let your business benefit from Spotcap's business lending

It’s your business, so you choose how to use the funds. Our business loans are a versatile solution for both long and short-term activities

Short term:

  • Manage cash flow

    Protect your business from seasonal fluctuations by bridging budget gaps in both busy and quiet periods.

  • Purchase inventory

    Buy the stock needed to sustain healthy inventory levels or to meet increasing demand.

  • Cover unforeseen expenses

    The unexpected will happen — be prepared and shield your working capital from unwanted disruptions.

Long term:

  • Hire staff

    Bring on board more talent that will enrich your business and delight your customers.

  • Remodel & renovate

    Transform your premises to increase efficiency or accommodate the expansion of your business.

  • Enhance your reputation

    Fund campaigns aimed at improving how your business is perceived by customers, partners or the media.

How to apply for a business loan from Spotcap

An online application can be completed in as little as 15 minutes

How to apply for an unsecured business loans
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Tell us about your business

Answer a few questions and provide some basic data to complete your application
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We review your application

Our team of credit experts will review your application and we’ll be in touch with a decision within one working day
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Accept your offer

Once approved, you have immediate access to your funds. Choose when to have the funds deposited to your account

Spotcap business loan calculator

  • Amount
    $ 100,000
  • Time
    12 months

$9,168

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

$9,168

  • Amount
    $ 100,000
  • Time
    12 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.

Understanding business loans

Some information to help you along the way

How do secured and unsecured loans differ?

  • The difference is whether you would need to provide a guarantee of some kind. A secured business loan – the type usually issued by a traditional lender – tends to be tied to an asset, such as a piece of real estate, machinery or a vehicle. This provides lenders with a degree of protection in case the borrower is unable to repay.
  • An unsecured business loan doesn’t require you to put down any assets. Instead, the lender will base the amount of credit and the interest rate on performance and creditworthiness.
  • This difference in approach can be particularly beneficial for small and mid-sized businesses. By removing the red tape surrounding collateral, alternative lenders are able to quickly respond to the need for capital and build a more comprehensive understanding of each individual applicant.

How much information does a business lender require?

  • Practices vary amongst lenders, but you will most likely be asked to provide some basic information about yourself and your business. Firstly, a lender will want to know how much credit your business needs. From your side, this requires a well-considered budget supported by financial projections.
  • Secondly, you may be required to disclose what you need the business loan for. This helps the underwriters review the application and gain a more detailed understanding of your background.
  • Lastly, a lender may ask for a cash flow report and an industry risk report, as well as how long you have been in business. Sometimes, your personal credit score could also be considered.

Frequently asked questions

Here's further information about finance from Spotcap

How to apply for a loan from Spotcap

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Tell us about yourself and your business

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Receive your decision within one working day

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Accept your offer and receive your funds

Qualification criteria

Australian business

Annual turnover of +$200k

Trading for at least 18 months

Profitable business

Business loan calculator

Monthly repayment

$9,168

  • Amount
    $ 100,000
  • Time
    12 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.