Short term business loans up to $250k in Australia

Spotcap's loans have helped hundreds of Aussie businesses to keep growing

Unsecured, no collateral

Non-committal application

No early repayment fees

Fast decision within 1 working day

Product NameSpotcap Business Loan
Max. Loan Amount$250,000
Min Loan Amount$10,000
Minimum Loan Term1 month
Loan SecurityUnsecured
Loan Term1-12 months

We’re trusted by thousands of growing businesses

working capital loans customer quote

Finance from Spotcap enabled us to grow. Having the support of someone believing in your vision just left us feeling great.

Jennifer Hart

Director of Everyday Cashmere

Spotcap's short term loans – the lowdown

A short term loan gives your business a boost of working capital, helping you cover unexpected expenses, purchase inventory and grow

  • Finance up to $250,000

  • Only pay interest on what you use

  • Straightforward online application

  • Funds available within 24 hours

How does a short term business loan from Spotcap work?

Our short term business loans are in the form of flexible lines of credit. Here's an example of how one can work


Upon approval, your funds will be available within 24 hours


Each drawdown on your credit line become separate business loan with the same interest rate


Your credit line is available for 1 to 3 months. You may draw down as much or as little as you need in this time


Your loan is repaid monthly. After the first month you can repay your loan early without penalty


You may request a rescore to determine if we can renew your credit line

How to start your business loan application

It can take just 15 minutes to complete an application


Sign up & confirm eligibility


Enter essential business details


Connect accounting software or upload documents


Connect your business bank account

*This allows us to make a fast assessment of your applications. Your data is protected with bank level security

Loan repayment calculator

With our short term lending approach, you only ever pay interest on what you draw-down. Get a loan estimate using our payment calculator:

  • Amount
    $ 125,000
  • Time
    9 months


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


  • 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.

Spotcap is trusted by thousands of businesses

Don’t just take our word for it. Hear what our satisfied customers say about us:

Understanding short term business loans

The information you need as a business owner

What is a short term business loan?

  • Short term business loans are designed to be repaid over a relatively short period of time. The purpose of a short term loan is to meet a company’s immediate financial needs. These may include making seasonal payments, bridging gaps in cash flow or purchasing equipment. In contrast to long term loans, short term loans can often be generated more quickly and easily.
  • Short-term business loans may or may not be tied to an asset. A lender might ask for your home or other assets as security before issuing this form of finance, or they might ask for a personal guarantee.
  • Part of the essence of a short term loan is the relative speed in which it can be processed. As a result, these types of loans are versatile, suiting fast-moving commercial environments.

Why is access to short term credit important for small businesses?

  • Limited access to short term finance is one of the biggest challenges and most restrictive factors a small business will face, especially during seasonal fluctuations, high-growth periods and temporary downfalls in demand. Many SMEs turn to short term loans to bridge gaps in funding and keep business running smoothly. However, obtaining a credit facility from a traditional lender can be challenging. Fortunately, the advent of alternative finance has diversified the financial options available to SMEs.
  • A short term loan is a good option for businesses that need fast access to finance to grow and manage expenses. This type of loan is designed to provide you with the working capital you need to meet immediate business needs. For example, to make hires, ease your cash flow, purchase equipment or machinery, or cover emergency costs. Short term loans can help small businesses manage unforeseen costs or take business opportunities they would otherwise miss.

Small and medium sized businesses and short term loans: A historical problem

  • As core drivers of innovation and employment, small businesses are central to macroeconomic health. A significant number of SMEs would use short term finance to grow if it was available to them, but they often struggle to obtain it from traditional lenders. Quick access to finance has long been a problem for Australian small businesses that have survived turbulent economic and market conditions.
  • Application processes have become more rigorous, with increased financial regulation and stricter business performance indicators. Traditional financial methods make it difficult to quickly acquire loans when businesses need them. At the moment, securing funding with traditional financial channels can take as long as two months, and to apply you often need five years of financial documents – not to mention many hours of meetings and signings just to complete the application.
  • Small and mid-sized businesses will struggle with these processes. Fortunately, there are now other available options. Technological innovation has created an opportunity get ahead with smarter and cheaper ways to implement common business practices.

Ready to grow your business?