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Spotcap turns one and issues more than $11 million of credit lines to SMEs

It’s been a big year at Spotcap AU.

We’ve grown our team from one founding member to 10 staff, experienced impressive growth month-on-month and most importantly have provided more than $11 million of credit lines to small businesses across the country.

We’ve already helped hundreds of businesses owners to grow. Business owners like Jennifer Hart, director of Everyday Cashmere who approached us last year after being turned away by her bank.

“As a women in business, I didn’t want to rely on my house or my husband’s earnings but the banks didn’t want to hear it,” Hart said.

Hart approached Spotcap and was able to show year-on-year growth of more than 40 per cent. We could see her business was on a growth trajectory and approved her  for a small business loan right away.

Jennifer is not alone, we’ve already helped hundreds of businesses just like yours to grow.

Vector art by Freepik

Here’s to the future. Thank you all for sharing this year with us.

Best wishes,

Team Spotcap!