Construction loans of up to $250,000 for businesses in Australia

Building a successful construction business requires solid cashflow. Learn how a Spotcap loan can deliver what you require

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Versatile construction loans for businesses in Australia

Building and construction are helping drive Australia’s economy away from its roots in resources, and towards a more diverse economic portfolio. Residential building is growing massively and expected to top $91 billion in 2016-17.

Despite increased opportunity within the sector, demand for construction services can be seasonal, wreaking havoc on cashflow. Construction finance can support businesses experiencing fluctuating cashflow, as well as those considering taking on a number of new projects.

Traditional finance can be difficult for construction businesses to access, unless it's tied to assets. That’s why unsecured loans from alternative online lenders can be a better option for tradies. Alternative construction loans have helped many in the industry boost their services and keep a steady cashflow during the off season.

Versatile construction loans for businesses in Australia

Building and construction are helping drive Australia’s economy away from its roots in resources, and towards a more diverse economic portfolio. Residential building is growing massively and expected to top $91 billion in 2016-17.

Despite increased opportunity within the sector, demand for construction services can be seasonal, wreaking havoc on cashflow. Construction finance can support businesses experiencing fluctuating cashflow, as well as those considering taking on a number of new projects.

Traditional finance can be difficult for construction businesses to access, unless it's tied to assets. That’s why unsecured loans from alternative online lenders can be a better option for tradies. Alternative construction loans have helped many in the industry boost their services and keep a steady cashflow during the off season.

What can Spotcap construction finance do for my business?

  • Buy new construction equipment

    You need to be sure that you have the right equipment, supplies and tools for your existing and upcoming projects. A Spotcap construction loan helps you to have what you need to get the job done

  • Protect yourself against late payments

    When a major customer pays late, even by just a few days, you can be looking at a sizeable hole in your cashflow. Avoid the headaches associated with not being able to pay your bills by having a finance arrangement in place

  • Hire skilled workers

    Hiring and retaining skilled construction talent allows you to provide a better quality service to your customers. With support from the right finance, you can afford to hire the skills you need to deliver the right results

  • Expand and start new contracts

    Taking on new commercial opportunities requires having the right funds available. With the right construction loan in place, you’re well positioned to commit to new contracts and grow your business

  • Provide day-to-day working capital

    A flexible construction loan from Spotcap can give you access to essential funding throughout a project. With that finance in place, you can proceed with confidence and focus on running your business

How can Spotcap construction finance work for my firm?

It pays to invest the time to find the right construction loan for your business. The best finance will be an arrangement that is tailored to your specific needs. Of the numerous forms of construction finance available, many are designed more for the lender than your business.

Spotcap finance is uniquely different. It’s based on a line of credit to which you’re given access when your loan application is approved. You choose to draw down from this credit line what your business needs to borrow.

Each drawdown becomes a business loan, repayable over 6 to 12 months. But if you choose, you can repay early without being charged a penalty. Flexibility is at the heart of Spotcap construction finance.

Key facts about a Spotcap construction loan

Loan amount

We help businesses by lending amounts of between $10k and $250k

Loan terms

A Spotcap loan starts as a line of credit. You draw down funds as and when you need them. These withdrawals become loans, usually repayable over 6 to 12 months

Criteria to qualify

Our basic eligibility requirements are: your business must have a turnover of at least $200k, be registered and based in Australia with an Australian online bank account, and have been operating for at least 18 months

Interest rates

Our business loan calculator can help you estimate interest costs and monthly repayments. The rate on your loan will depend on market conditions and your recent business performance

Construction loan repayment 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.

How to request a construction loan from Spotcap

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Sign up

We need basic personal and business information to initiate the application process

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Complete the application

Linking your accounting software and online bank account, or uploading financial statements, is required to complete your loan application

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Get approval

Once approved for a business loan, it will take only one working day to get access to the funds