Small business loans of up to $250,000 for Australian SMEs

Flexible small business loans for firms with turnover over $200k. Borrow as much as $250k repayable over up to 12 months

Business loans for small firms in Australia of up to $250,000

Apply online

Paperless application with no unnecessary forms or meetings

Suited to your business

Flexible, versatile funding tailored to your needs

Maximum impact

Competitive rates and charges, with no hidden costs

Peace of mind

Your application is processed quickly, rigorously and securely

How to apply for a small business loan from Spotcap?

What is a Spotcap small business loan?

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.

If your circumstances change and you don’t need to borrow, there’s no cost to you. Should you choose to repay early, we don’t charge any penalties.

Small business loans for SMEs

What is a Spotcap small business loan?

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.

If your circumstances change and you don’t need to borrow, there’s no cost to you. Should you choose to repay early, we don’t charge any penalties.

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

Is a small business loan from Spotcap 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 look at your current business performance, allow us to offer flexible, unsecured loans to firms that qualify.

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.

How could you benefit from a Spotcap small business loan?

  • Strengthen your workforce

    Hire more people or boost productivity by training your team, or do both! Our finance can provide the working capital needed to unlock the human potential in your business

  • Fund a new vehicle

    When it comes to upgrading or expanding your fleet, a Spotcap loan is a flexible alternative to traditional asset finance

  • Stock up your shelves

    Prepare for the coming season by purchasing the inventory you need to meet customer demand. Our finance can provide the cash advance that helps retailers to plan ahead

  • Invest in a marketing campaign

    Well-planned and well-executed promotional activity drives sales. When you want to fund a high-quality advertising and PR campaign, a short-term loan could be the answer

  • Upgrade your business systems

    Take advantage of our approach to flexible funding to boost your productivity. Investing in more efficient finance, telecoms or manufacturing systems can help push up profitability

Small business loans Australia - the essentials

Loan amount

Borrow between $10k and $250k for any business purpose

Loan terms

A Spotcap business loan starts as a line of credit. You choose how much to draw down and when, with each drawdown becoming a business loan. Repayment is usually over 6 to 12 months. You can repay early without penalty

Criteria to qualify

You can apply for a Spotcap unsecured loan if your business turnover is at least $200k, it’s been operating in Australia for at least 18 months and has an Australian online bank account.

Interest rates

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

Small 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 to apply for your small business loan

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Sign up

Applying for a small business loan starts with entering basic personal and business information

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Complete the application

Link your accounting software and online bank account, or upload financial statements, to complete the loan application

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Get approval

Once approved, you’ll have access to your business loan within one working day