Startup business loans for SMEs in Australia

Thinking of using debtor finance to unlock capital from unpaid sales invoices? We offer a more flexible way to release working capital

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Efficient 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

What is a startup business loan?

With one in three Australians aspiring to set up their own business, it’s no surprise that we enjoy a vibrant entrepreneurial culture. But while so many Australians dream of running their own store or restaurant, it can be hard to raise the funds needed to convert ambition into reality.

Because there’s so much uncertainty around a new venture, it can be difficult to access small business loans. Traditional lenders, such as banks, want to be confident that a startup can transform from a bold idea into a profitable operation.

The good news is that startups that can show strong revenue over their first 12 months become increasingly attractive to alternative providers of small business loans.

What is a startup business loan?

With one in three Australians aspiring to set up their own business, it’s no surprise that we enjoy a vibrant entrepreneurial culture. But while so many Australians dream of running their own store or restaurant, it can be hard to raise the funds needed to convert ambition into reality.

Because there’s so much uncertainty around a new venture, it can be difficult to access small business loans. Traditional lenders, such as banks, want to be confident that a startup can transform from a bold idea into a profitable operation.

The good news is that startups that can show strong revenue over their first 12 months become increasingly attractive to alternative providers of small business loans.

Could Spotcap business finance be your startup loan?

There are a number of ways for mature startups to benefit from a business loan from Spotcap. These include:

  • Providing working capital

    Running a startup makes serious demands on your bank balance – you need to pay utilities and rent, acquire equipment and technology, and run marketing campaigns. A startup loan can help fund day-to-day operations

  • Replacing expensive finance

    Borrowing can be expensive in the very early days of a startup, with entrepreneurs turning to credit cards and other costly, short-term solutions to raise capital. Finance from Spotcap can help pay off these more expensive forms of credit

  • Protecting the payroll

    Because profits don’t always convert immediately into cash, funding your payroll can become a major hurdle. Using Spotcap as a flexible startup loan can give you peace of mind that your team will get paid on time

  • Fitting out new premises

    Our finance can make all the difference to the environment you do business in, as you expand into more space. Use it to fund the fit out of premises that inspire your customers and your staff

  • Putting stock on your shelves

    A startup loan can make it easier to do business, allowing you to fill your shelves in advance of a busy season. Once inventory starts flying off the shelves, you can repay your loan and bank your profits

Is a startup business loan right for my business?

If your business has been operating for at least 12 months and you want to take it to the next level, an unsecured business loan could provide valuable working capital. Without new funding, your business could struggle to move forward.

The first year is a time of proving the concept, establishing a customer base, and developing a meaningful brand. Having achieved momentum, the challenge for a startup is to keep going and to keep growing. This is where Spotcap is making a difference, with our small business loans.

Spotcap business loans are suitable across a wide range of industries. We’ve helped hundreds of small businesses in Australia to grow, in sectors such as retail, manufacturing, construction, hospitality, agriculture and international trade.

Spotcap loan for startups - what you need to know

  • Loan amount

    You could borrow between $5k and $250k, without giving security or personal guarantees
  • Loan terms

    Once approved, our loan begins as a line of credit from which you draw down what you need. Each drawdown becomes a loan, repayable over 6 to 12 months
  • Criteria to qualify

    Our loans are available to businesses registered and operating in Australia, with a minimum turnover of $100k, that have been operational for at least 12 months and have an Australian online bank account
  • Interest rates

    We charge interest at a rate that reflects market conditions and your recent business performance. Our business loan calculator lets you estimate monthly repayments and interest costs

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 request a startup loan from Spotcap

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Sign up

Initiate our online application process by giving us basic business and personal information

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Complete the application

Giving us read-only access to your accounting system and online bank account helps keep the application process to just five minutes

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Get approval

Having been approved, you’ll usually be able to access your business loan within 24 hours