Flexible alternative to a merchant cash advance

Retailers want versatile business funding solutions. Learn how you can take advantage of Spotcap’s unique approach to commercial loans

Apply online

Don’t waste time with unnecessary forms and meetings.

For any purpose

Flexible, controllable funding, tailored to your specific needs.

Maximise ROI

Competitive rates and charges, with no hidden costs.

Peace of mind

Your application is processed promptly, rigorously and securely.

What is a merchant cash advance?

Retailers and other businesses that sell by credit card can borrow money based on their credit card receipts. The lender advances an amount based on projected future sales, and it’s repaid as sales come in.

The merchant cash advance solution is promoted as being a relatively quick and easy way for businesses to improve their cashflow. Setting up an arrangement is usually faster than applying for a traditional business loan. The amounts borrowed are typically around one month’s credit card sales.

A Spotcap unsecured business loan offers similar flexibility to a merchant cash advance, without being tied to the volume of your monthly credit card sales.

What is a merchant cash advance?

Retailers and other businesses that sell by credit card can borrow money based on their credit card receipts. The lender advances an amount based on projected future sales, and it’s repaid as sales come in.

The merchant cash advance solution is promoted as being a relatively quick and easy way for businesses to improve their cashflow. Setting up an arrangement is usually faster than applying for a traditional business loan. The amounts borrowed are typically around one month’s credit card sales.

A Spotcap unsecured business loan offers similar flexibility to a merchant cash advance, without being tied to the volume of your monthly credit card sales.

What can a Spotcap business loan do for you?

  • Keep your shelves fully stocked

    Whether you retail online or offline, it’s easier to sell stock that’s on your shelves. A business loan can help you be prepared in advance for busy sales periods, allowing you to increase inventory to meet customer demand

  • Protect your payroll

    Retailing can be highly seasonal and your bank balance will reflect this, making it a challenge to fund payroll at certain times of the year. This is where a Spotcap loan could make a positive difference

  • Fund a marketing programme

    Investing in future sales means marketing, and to do it well, you’ll need funds for planning, design and advertising. Using a Spotcap business loan rather than a form of borrowing linked directly to sales gives you more flexibility

  • Take advantage of extra day-to-day working capital

    Having some extra cash to hand can give you peace of mind, while also giving you the freedom to invest in those smaller changes that will improve customer experience, and thereby push up sales

How can Spotcap finance replace a merchant cash advance?

A limitation of the merchant cash advance is that the amount you can borrow is dependent on a factor that can be unpredictable - sales to customers. Because a Spotcap business loan is not directly related to sales, it gives you more control.

It takes just five minutes to apply for a loan from us. You apply online, and we’ve designed a process that makes it simple to give us the information we need. Once your loan is approved, we give you a line of credit, and you decide how much to borrow from this, and when.

The amounts you borrow are repayable monthly, usually over 12 to 15 months. You’re not tied into a contract for a fixed term - if you choose to repay early, you can, without paying any penalty. This flexibility makes our loans a versatile alternative to a merchant cash advance.

The essentials about our alternative to a merchant cash advance

Loan amount

We help Australian businesses by lending between $5k and $250k

Loan terms

Repayments are monthly, usually over 6 to 12 months. In the early months of the arrangement, you choose how much of the loan to take

Criteria to qualify

To be eligible, your business must be registered in Australia, with an Australian online bank account, a turnover of at least $100k and an operating history of at least 12 months

Interest rates

We charge a competitive rate of interest based on the state of the market and your recent business performance. To estimate the interest rate and monthly repayments, use our repayment calculator

Spotcap 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 alternative to a merchant cash advance

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Sign up

Applying for a business loan begins by you giving us basic personal and business information via our online forms

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Complete the application

Link your finance software and online bank account, or upload financial reports, to complete the loan application

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Get approval

Once approved, you’ll have access to your business loan within one working day