Short term business loans of up to $250k for Australian businesses

Enjoy both the freedom and flexibility a short term loan can offer you and your business

Short term business loans for Australian SMEs

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An online application means it's easy to apply - with no meetings or unnecessary forms

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Tailored to your needs: flexible and versatile funding to suit you

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What is a short term business loan?

A short-term business loan allows you to repay over a relatively short period of time, typically just a few months.

Traditional lenders often ask for your home or other assets as security before issuing this form of finance. Or they might ask you for a personal guarantee. They want some confidence that if the business can’t repay the loan, they have another way to get at least some of their money back.

Where they are not tied to an asset, short-term business loans can be set up quickly, with less paperwork. This makes them more versatile in a fast-moving commercial environment.

Working capital loans of up to $100k in Australia

What is a short term business loan?

A short-term business loan allows you to repay over a relatively short period of time, typically just a few months.

Traditional lenders often ask for your home or other assets as security before issuing this form of finance. Or they might ask you for a personal guarantee. They want some confidence that if the business can’t repay the loan, they have another way to get at least some of their money back.

Where they are not tied to an asset, short-term business loans can be set up quickly, with less paperwork. This makes them more versatile in a fast-moving commercial environment.

How your business can benefit from a short-term business loan from Spotcap

  • Grow your product range

    Extra funds can assist with extending your product range via funding research, development and/or purchasing. It could be used to tweak an existing product for a new or developing market, or produce something entirely new

  • Grow your market share

    Connect with potential new customers through a specialised marketing campaign. A short term business loan can fund new brand promotion, helping secure a bigger, more varied customer base

  • Grow your reputation

    Quality customer service is vitally important in today’s market: people increasingly share their views and experiences of brands and products online. Taking out a Spotcap short term business loan means you can use the funds to train or retrain staff in excellent customer service

  • Grow your team

    Hiring new staff can boost productivity in the medium term, but it can be some time before this is converted into revenue. A Spotcap short term business loan enables your team to grow even easier and faster

Does Spotcap offer short term business loans?

Yes! There are many advantages to short-term business loans as they offer considerable benefits to growing businesses, without requiring security. Spotcap specialises in this convenient form of finance.

We offer short-term business loans because we have a unique approach to credit scoring and risk assessment. Upon application, your uploaded data is analysed by our proprietary algorithm, then analysed by finance experts.

Our in-depth analysis identifies the risk level associated with short-term lending to your business. As a result, we can offer unsecured business loans to all types of SME businesses across a variety of industries, for a range of different purposes.

A Spotcap short term business loan: what you need to know

  • Loan amount

    Eligible businesses can borrow between $10k and $250k for any commercial purpose
  • Loan terms

    Spotcap business loans start as a line of credit. You decide the amount you wish to draw down and when, with each drawdown becoming a standalone business loan. Although you can repay early without penalty, repayment is usually over a period of 12 to 15 months.
  • Qualifying criteria

    You may be eligible for a Spotcap short-term business loan if your annual turnover is at least $200,000, have an Australian online bank account, you are a registered business in Australia and have been operational here for at least 18 months.
  • Interest rates

    Dependent on your recent business performance and existing market conditions, the interest rate applicable on your short-term business finance may vary. Use our business loan calculator to find out estimates on the interest rate and monthly repayments

SMEs review Spotcap's short term business loans

Short term 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 do I apply for a short term business loan from Spotcap

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Sign up

Enter basic business and general information to apply for a short term small business loan

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Complete the application

Upload financial statements or link your business bank account and accounting software to finalise your application

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Get approval

Within 24 hours of the application being submitted, you'll have word on your finance approval. Now all you have to do is start putting the loan to work in your business