Alternatives to Peer to Peer lending of up to $250k for Australian businesses

Business finance of $10k to $250k to help grow your business

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 Peer to Peer lending?

By empowering connections, the internet has given rise to new business finance models, such as Peer to Peer lending (P2P). This is a vehicle that serves both people wanting to invest small amounts of capital and businesses seeking to borrow.

Peer to Peer lending is an alternative to business finance from traditional lenders, but it’s not the only internet-powered alternative. Spotcap also harnesses the internet to offer an online lending solution that’s delivered quickly and flexibly.

You apply for a Spotcap loan online, largely by uploading standard financial reports. Our underwriters and a unique credit analysis algorithm analyse these, and approval is usually given within 24 hours, with funds immediately available.

What is Peer to Peer lending?

By empowering connections, the internet has given rise to new business finance models, such as Peer to Peer lending (P2P). This is a vehicle that serves both people wanting to invest small amounts of capital and businesses seeking to borrow.

Peer to Peer lending is an alternative to business finance from traditional lenders, but it’s not the only internet-powered alternative. Spotcap also harnesses the internet to offer an online lending solution that’s delivered quickly and flexibly.

You apply for a Spotcap loan online, largely by uploading standard financial reports. Our underwriters and a unique credit analysis algorithm analyse these, and approval is usually given within 24 hours, with funds immediately available.

How can a Spotcap loan be your alternative to P2P lending?

Our finance solution can provide the working capital your business needs. Here’s how it could make a difference:

  • Fund the purchase of new equipment

    New hardware, whether it’s a manufacturing machine or a new computer, can give your business a competitive edge. Our finance can help you secure that hardware

  • Pay for a marketing campaign

    Reach out to existing and potential new customers and see your sales rise. A loan from Spotcap can provide capital to invest in marketing

  • Upgrade your systems

    Whether you need new telecoms or new manufacturing control software, our loans are a flexible alternative to traditional asset finance

  • Finance the opening of a new branch

    Expanding into a new region or a new market can mean a lot of upfront costs. A Spotcap loan can help you to literally open those new doors

  • Provide the working capital you need

    Our online lending solution provides a practical, versatile alternative to bank overdrafts and loans, the traditional source of working capital finance

How does a Spotcap loan compare with P2P lending?

Businesses are often attracted to Peer to Peer lending because it avoids engagement with major banks and other traditional lenders, with their often slow and bureaucratic approval processes.

A Spotcap loan offers a more straightforward approach. Benefit from an online application process, a prompt response based on a unique assessment of a firm’s current financial condition, and the absence of a need for security.

Further advantages include considerable flexibility, with no requirement to borrow and pay interest on all the funds that were applied for, and no penalty for early repayment. All these features mean a Spotcap loan is a versatile solution for your business finance needs.

Spotcap P2P lending alternative - the key facts

Benefit from a different approach to business lending in Australia

Loan amount

Your business could have the benefit of a loan between $10k and $250k

Loan terms

In the early months, you can choose how much of the agreed amount you want to borrow. Draw downs are converted into loans, usually repayable over 6 to 12 months

Criteria to qualify

Spotcap business loans are available to firms that have been operational for 18 months, with a minimum turnover of $200k, that are registered and operate in Australia and have an Australian online bank account

Interest rates

Use our business loan calculator to estimate the interest rate and monthly repayments. The interest rate on your small business loan will reflect market conditions and your recent business performance

Peer to Peer lending alternative 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 Peer to Peer lending alternative

signup-gradient

Sign up

The application process begins with you giving us basic personal and business information

connect-gradient

Complete the application

Link your accounting software and online bank account to finalise your application for a business loan

approved-gradient

Get approval

When approved, you’ll have access to loan funds within one working day