A versatile alternative to inventory finance in Australia

Be ready for customers and protect your cashflow with our flexible approach to inventory finance, with a loan of up to $250,000

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Efficient paperless application with no unnecessary forms or meetings

Suited to your business

Flexible, versatile funding tailored to your needs

Maximum impact

Competitive rates and charges, with no hidden costs

Peace of mind

Your application is processed quickly, rigorously and securely

What is inventory finance?

Purchasing high value items for resale, such as electronics or cars, can put a real strain on business cash flow. This is where inventory finance or floor plan finance steps in, providing the retailer with the cash needed to put the goods in the showroom or on the shelves.

When an item is sold, the retailer repays the lender the appropriate amount of inventory finance. The precise mechanism can vary from one lender to another, but the value of inventory finance is that it allows the retailer to carry a good quantity of high value stock.

A Spotcap business loan, which begins as a line of credit, offers similar flexibility to inventory finance, with the benefit of not being tied directly to the inventory items.

What is inventory finance?

Purchasing high value items for resale, such as electronics or cars, can put a real strain on business cash flow. This is where inventory finance or floor plan finance steps in, providing the retailer with the cash needed to put the goods in the showroom or on the shelves.

When an item is sold, the retailer repays the lender the appropriate amount of inventory finance. The precise mechanism can vary from one lender to another, but the value of inventory finance is that it allows the retailer to carry a good quantity of high value stock.

A Spotcap business loan, which begins as a line of credit, offers similar flexibility to inventory finance, with the benefit of not being tied directly to the inventory items.

What are the benefits of using an online loan from Spotcap to finance my inventory?

Inventory finance or a line of credit can be used by retailers and wholesalers to:

  • Stock shelves

    As a business owner, you need to spend money to make money. If inventory isn’t in stock and ready to be shipped out, you can’t sell it. An inventory loan will help ensure your shelves are fully stocked and ready for your customers to make a purchase

  • Prepare for busy periods

    In the lead-up to Christmas, retailers and wholesalers need to prepare for increased trade, which means purchasing more inventory. It’s unlikely a small to medium-sized retailer or wholesaler will have enough cash in hand to adequately prepare for surging sales. That’s where inventory funding can help

  • Manage fluctuating cashflow

    Seasonal businesses usually experience a drop in sales during their low season, which can make it even more difficult to prepare for increased sales as they enter their high season. Inventory funding can boost cashflow to help maximise sales during your busiest time of year

How can a Spotcap loan be an alternative to inventory finance?

A Spotcap loan begins as a line of credit, against which you draw down funds as they are needed. This is similar to many forms of inventory finance, which also operate as a line of credit.

Unlike most other types of inventory finance, a Spotcap loan is unsecured. We don’t ask for any security or guarantee. This is made possible by our robust credit assessment process, which uses a unique algorithm combined with an expert team of credit analysts to assess the financial health of your business.

If you have a strong sales record but are tight on working capital, it might be difficult to access inventory finance, or a line of credit, from a traditional provider. An unsecured loan from Spotcap can be used in much the same way as inventory finance.

Business loans - what you need to know

  • Loan amount

    Your business could benefit from a loan of between $5k and $250k
  • Loan terms

    Repayments are typically monthly, over 12-15 months. In addition, in the early months, you can choose how much of the loan to draw down
  • Criteria to qualify

    Spotcap business loans are available to firms registered in Australia, with 12 months of trading history, an Australian online bank account, and turnover of at least $100k
  • Interest rates

    The interest rate on your business loan reflects market conditions along with your recent business performance. Use our business loan calculator to estimate the interest rate and monthly repayments

Unsecured business 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 apply for your inventory finance alternative

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Sign up

Applying for a business loan starts with entering basic personal and business information

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Complete the application

Link your accounting software and business bank account, or upload financial statements, to complete the loan application

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Get approval

Once approved, you’ll have access to your business loan within 24 hours