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

Spotcap has helped over one thousand companies keep their businesses moving forward

Unsecured, no collateral

Non-committal application

No early repayment fees

Fast decision within 1 working day

We’re trusted by thousands of growing businesses

Short term business loan 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 – main features

A short term loan can help your business cover unexpected expenses. The main features are:

  • Access to finance of up to $250k

  • Only pay interest on what you use

  • Straightforward paperless application

  • Funds available within 24 hours

How does a short term business loan work?

Spotcap short term business loans work in the form of a line of credit. Below is an example of Spotcap’s approach, which is focused on simplicity and flexibility


Upon approval of a successful application, we offer you a line of credit. Within 24 hours, your finance will be available


Drawdowns on your obligation free credit line become separate business loans. Each business loan has 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 over an agreed period of time (between 1 and 12 months). You can repay your loan early without penalty after the first month


When your credit line expires you may request a rescore. A rescore reassesses your information and determines if we can offer a greater credit line

Access to finance will help your business to:

  • Manage operating cash flow

    Bridge cash flow gaps when you need to make major payments

  • Upgrade business technology

    Purchase new machinery or updated finance and manufacturing software

  • Buy new stock or equipment

    Working capital for purchasing inventory or important new equipment

  • Enhance online presence

    Keep up with new technology to stay competitive

How to start your business loan application

It can take just 15 minutes to complete your application. Simply signing up is 40% of the application

Short term business loan application process

Sign up & confirm eligibility


Enter essential business details


Connect accounting software or upload documents


Get approval

Loan payment 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

What you need to know 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?