Small business loans for Aussie SMEs

Access your funds quickly and efficiently, available within one business day of completing your application

Small business loans in Australia of up to $250k

Apply online

For any purpose

Maximum impact

Peace of mind

Finance to drive your business forward

Greg started his own business more than ten years ago and until recently, had experienced quite modest growth. A few months ago a partnership with a well known supplier, meant orders were coming in at an exciting (and somewhat alarming pace). Greg knew he didn’t have the stock to fill these orders, but also didn’t have the capital to purchase more inventory. Like many small business owners, Greg needed a short-term small business loan, and he needed it fairly quickly.

As a small business owner you're probably familiar with this challenge. When you need credit, you need it quickly and you often don't have time to spend researching and applying for finance from a traditional provider. These providers often ask for up to five years of financial documentation, and in many cases the answer is "no".

We offer a fresh approach to small business loans in Australia. You apply online, following a straightforward process that can take just five minutes. Our unique credit assessment technology, backed by a team of credit specialists, means we make a swift, considered response.

Once we’ve approved your loan, we give you access to a line of credit. You choose how much of the funds you draw down and convert into a loan. Each line of credit is between $10k and $250k, usually repayable over 6 to 12 months.

Businesses in Australia looking for small business loans

Finance to drive your business forward

Greg started his own business more than ten years ago and until recently, had experienced quite modest growth. A few months ago a partnership with a well known supplier, meant orders were coming in at an exciting (and somewhat alarming pace). Greg knew he didn’t have the stock to fill these orders, but also didn’t have the capital to purchase more inventory. Like many small business owners, Greg needed a short-term small business loan, and he needed it fairly quickly.

As a small business owner you're probably familiar with this challenge. When you need credit, you need it quickly and you often don't have time to spend researching and applying for finance from a traditional provider. These providers often ask for up to five years of financial documentation, and in many cases the answer is "no".

We offer a fresh approach to small business loans in Australia. You apply online, following a straightforward process that can take just five minutes. Our unique credit assessment technology, backed by a team of credit specialists, means we make a swift, considered response.

Once we’ve approved your loan, we give you access to a line of credit. You choose how much of the funds you draw down and convert into a loan. Each line of credit is between $10k and $250k, usually repayable over 6 to 12 months.

small business loans for small and mid. size businesses of up to $250,000

Is a small business loan right for me?

Save valuable time, minimise your cost of borrowing and benefit from an unsecured loan. Our unique risk assessment and credit scoring system looks at your current business performance, allowing us to offer flexible, unsecured loans to small businesses with growth potential.

Businesses in Australia benefit from our loans whether they’re looking to grow, or need funds to cover a temporary shortfall in their cashflow.

A Spotcap loan can be the right solution if:

  • You have a clear idea of why you want to borrow
  • Repayment terms of up to 12 months are appropriate
  • You want the flexibility to repay early without penalty

What businesses does Spotcap lend to?

Spotcap lends to businesses across a range of industries, helping them to achieve their business goals. Some examples include:

Do I qualify for a Spotcap loan?

A registered Australian business

$200k annual turnover

18 months of trading history

Australian online banking

Some basic personal and business info

Profit and Loss statements for at least 24 months

Balance sheet at the end of your last financial year

Bank transactions for the last 24 months

Spotcap business loans reviewed

How can a business loan from Spotcap help my business?

Short term lending:

Better manage cashflow

Purchase new inventory or equipment

Stock shelves

Buy or lease a vehicle

Long term lending:

Explore new business ideas

Drive sales with a new marketing campaign

Hire skilled talent

Upgrade business technologies

Applying for a Spotcap small business loan

Step 1: What we need to know about your business:

Who manages your business?
Key business details
How will you use your loan?

Step 2: Accounting software or financial documents

To save you time, we only ask you to provide financial documents and information that is already available in your business. You can complete this step by providing read-only access to your accounting software.

Step 3: Connect business banking

We'll need your bank account details and bank statements

Once we have the one-time read only access, we can make a prompt assessment of your cashflow situation

We encrypt your info using one of the strongest security systems commercially available

If you want more detailed inforamtion about the process, please visit the how to apply page. In Spotcap we care about security, take a look on our actions on this page.

Contact Spotcap

We’re around to answer your questions or discuss your application

Do you have a question?

Check out our comprehensive FAQs page

Prefer the phone?

We’re happy to take your call on 1800 10 70 10. You can contact us from Monday to Friday between 9:00am and 6:00pm.

Spotcap in the media

“Online lending platforms such as Spotcap have developed unique credit algorithms which leverage real-time business data to provide unsecured lines of credit in a fast and flexible way. In many cases the application process can be completed entirely online and funds available within 24 hours.”

“Spotcap has lent $35 million to Australian small businesses over its first 19 months of operations, with the book growing by 450 per cent over the year to December 2016 as the fintech expanded its distribution capability through deals with broking networks.”

“Spotcap focuses on small- and mid-sized enterprises, or SMEs, that have been active more than a year. Those businesses often have limited access to credit as they pose more risk to banks and don’t have the track record to prove their ability to repay the funds.”