Startup business loans for SMEs in Australia

Spotcap offers fast and flexible finance solutions for established startups. See if you qualify.

Unsecured, without collateral

FREE, quick & easy online application

Access funds within 24 hours

No fees for repaying early

Trading for at least 18 months
Annual turnover of at least $200k
Australian Business
Profitable business

What's different about a loan from Spotcap?

Unsecured – no collateral required

No early repayment fees

Free, non-committal application

A decision within one working day

We’re trusted by thousands of growing businesses

Don’t just take our word for it. Read about aspirational businesses we have financed

working capital loans customer quote

"Spotcap finance enabled us to grow and having that emotion that someone believed in your vision just left us feeling great"

Jennifer Hart

Director of Everyday Cashmere

How have businesses used a Spotcap loan?

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

Short term:

  • 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.

  • 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

  • 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

Long term:

  • 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

  • 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

  • Enhancing your reputation

    A Spotcap startup loan can help you fund campaigns aimed at improving how your business is perceived by customers, partners or the media.

How do I apply?

An online application can be completed in as little as 15 minutes

Business line of credit how to apply Australia
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Tell us about your business

Answer a few questions and provide some basic accounting and bank data
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We review your application

Our team of credit experts will provide a decision within 1 working day

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Accept your offer

Once approved, you have immediate access to your funds

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 business, it can be hard to get the right funds when you want to go from a start up to an established player.
Because there’s so much uncertainty around a new venture, it can be difficult to access small business finance. 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 18 months and meet our minimum criteria are eligible for a loan from Spotcap.

Spotcap startup loan payment calculator

  • Amount
    $ 100,000
  • Time
    12 months

$9,168

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.

Spotcap loan for startups - what you need to know

  • Criteria to qualify

    Our loans are available to businesses registered and operating in Australia, with a minimum turnover of $200k, that have been operational for at least 18 months and have an Australian online bank account
  • Loan amount

    You could borrow between $5k and $400k, 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 24 months
  • 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

Is a startup business loan right for my business?

If your business has been operating for at least 18 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.

Frequently asked questions

Here's further information about finance from Spotcap

Qualification criteria

Trading for at least 18 months

Annual turnover of +$200k

Australian Business

Profitable business

How to apply for a credit line from Spotcap

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Tell us about yourself and your business

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Receive your decision within one working day

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Accept your offer and receive your funds

Business loan calculator

Monthly repayment

$9,168

  • Amount
    $ 100,000
  • Time
    12 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.