Unsecured business loans of up to $250k for Australian SMEs

It’s tough to beat the freedom and flexibility offered by an unsecured business loan you can use for any commercial purpose

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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

Spotcap's unsecured business loans

What is an unsecured business loan?

An unsecured business loan allows you to borrow without being asked to commit any collateral. Many business loans are directly linked to, or secured on, specific commercial or personal assets.

Traditional lenders often ask for your home or other assets as security before issuing finance. Or they might ask you for a personal guarantee. They want some confidence that if the business can’t repay the loan, they have another way to get at least some of their money back.

Because they’re not tied to an asset, unsecured loans can be set up quickly, with less paperwork. This makes them more versatile in a fast-moving commercial environment.

Unsecured business line of credit in Australia

What is an unsecured business loan?

An unsecured business loan allows you to borrow without being asked to commit any collateral. Many business loans are directly linked to, or secured on, specific commercial or personal assets.

Traditional lenders often ask for your home or other assets as security before issuing finance. Or they might ask you for a personal guarantee. They want some confidence that if the business can’t repay the loan, they have another way to get at least some of their money back.

Because they’re not tied to an asset, unsecured loans can be set up quickly, with less paperwork. This makes them more versatile in a fast-moving commercial environment.

Short term loans for Australian businesses and SMEs

Spotcap's unsecured lending

Unsecured business loans offer considerable benefits to both established and growing businesses. Traditional lenders also consider them to be more risky. We’re comfortable with offering this convenient form of finance without asking for security.

We offer unsecured loans because we’re confident in our team of expert underwriters and unique approach to risk assessment and credit scoring. When you apply, your financial data is analysed by our sophisticated algorithm, supported by finance experts.

Our analysis identifies the level of risk associated with lending to your business. This allows us to offer unsecured business loans to firms across a variety of industries, for a mix of different purposes.

Let your business benefit from a Spotcap unsecured business loan

  • Growing your product range

    A loan can help extend your product range, by funding research, development and purchasing. You could adjust an existing product for a new market, or start selling something entirely new

  • Growing your market share

    Reach out to new customers with a targeted marketing campaign. An unsecured business loan can fund high quality brand promotion, helping you secure a bigger customer base

  • Growing your reputation

    Quality of service is really important to customers, who increasingly share their reviews of businesses and products online. Taking out a Spotcap unsecured loan gives you the funds to train your staff in excellent customer service

  • Growing your team

    New hires can give productivity a real boost, but it can be a while before this converts into revenue. A Spotcap business loan makes it easier for you to recruit and grow

Short term business loans for SMEs in Australia starting from $5k and up to $250k

Why does Spotcap offer unsecured business loans?

Unsecured business loans offer considerable benefits to both established and growing businesses. Traditional lenders also consider them to be more risky. We’re comfortable with offering this convenient form of finance without asking for security.

We offer unsecured loans because we’re confident in our team of expert underwriters and unique approach to risk assessment and credit scoring. When you apply, your financial data is analysed by our sophisticated algorithm, supported by finance experts.

Our analysis identifies the level of risk associated with lending to your business. This allows us to offer unsecured business loans to firms across a variety of industries, for a mix of different purposes.

The top finance alternatives to a business loan

Because it is so versatile, a Spotcap loan is a flexible alternative to many other methods of business finance. The types of business funding that our loans can substitute for include:

An unsecured business loan from Spotcap - what you need to know

  • 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.. You can repay early without penalty
  • Criteria to qualify

    You can apply for a 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

    Your interest rate is reflective of market conditions and recent business performance. Use our business loan calculator to estimate the interest rate and monthly repayments

Unsecured 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 do I apply for an unsecured business loan from Spotcap

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Sign up

Enter basic personal and business information to apply for an unsecured small business loan

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Complete the application

Link your accounting software and business bank account or upload financial statements to finalise your application

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Get approval

We approve loans within 24 hours of the application being submitted. Now you can start putting the loan to work in your business