Unsecured business loans up to $400k in Australia

Unsecured loans offer freedom and flexibility that other forms of business finance find hard to match

Unsecured, without collateral

Free non-committal application

Decision within 1 working day

No fees for repaying early

What's different about Spotcap unsecured loans?

Unsecured - no collateral required

Free, non-committal application

Decision in one working day

No penalty for repaying early

Finance growth opportunities

In order to innovate to their full potential, businesses need access to finance. A loan from Spotcap can help you grow

Unsecured finance solutions up to $400k

Repayment schedules up to 24 months

Only pay interest on what you use

Paperless online application

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

Let your business benefit from Spotcap's unsecured lending

It’s your business, so you choose how to use the funds. Our unsecured business loans are a versatile solution for both long and short-term activities.

Short term:

  • Manage cash flow

    Protect your business from short-term cash flow challenges. It can help relieve the pressure on your bank balance at times when you need to make unforeseen payments.

  • Refresh your inventory

    Unsecured loans can supply the working capital needed to restock your inventory when you’re preparing for a busy new season or broadening your product range.

  • Bridge receivables

    A business loan can be the working capital you need to cover periods between funding rounds

Long term:

  • Expand your product range

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

  • Enter new markets

    Reach out to new customers, explore new ideas or run a targeted marketing campaign with the help of a longer term unsecured loan.

  • Enhance your reputation

    An unsecured loan can fund campaigns aimed to improve how your business is perceived by customers, partners or the media.

Qualification and eligibility criteria

What we look for in applications

Australian business

Annual turnover of at least $200k

Trading for at least 18 months

Profitable business

How to apply for an unsecured business loan

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

How to apply for an unsecured business loans

Tell us about your business

Answer a few questions and provide some basic data to complete your application

We review your application

Our team of credit experts will review your application and we’ll be in touch with a decision

Accept your offer

Once approved, you have immediate access to your funds. Choose when to have the funds deposited to your account

How does an unsecured business loan work?

Below is an example of how an unsecured business loan can work. It illustrates Spotcap’s approach, which is focused on simplicity and flexibility


When your application is approved, we can offer you a line of credit. Your finance will be available within 24 hours


When you drawdown on your credit line we create a separate business loan. Each loan has the same interest rate


Your line of credit is available for 1 to 3 months. During this time, you may drawdown as much or as little as you need


Each loan is repaid monthly over an amount of time (between 1 and 24 months). After the first month has elapsed, you can repay your loan early without penalty


Upon expiration of your credit line, you may request a rescore. We reassess your information and determine if we can offer a larger sum of finance

Payment Calculator

  • Amount
    $ 100,000
  • Time
    12 months


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.

In-depth: What is an unsecured business loan?

An unsecured business loan is a financial arrangement where the borrower isn’t obliged to put down assets in order to be approved. Instead, their application is reviewed based on real-time data, their creditworthiness, and their projected ability to pay back within the loan’s term — which can last up to 24 months.

There are several types of unsecured lending options other than the business loan, such as the unsecured business line of credit. Here’s how they’re different:

Business loans

  • Business loans operate as term loans, meaning they provide a single amount of credit that needs to be returned within a certain timeframe. Even if the borrower doesn’t use all of the funding, they are obliged to repay the full amount with interest.

  • Business loans are generally better solutions for long-term commitments (2+ years) when the borrower knows exactly how much additional financing is required and why. For example, if a restaurant owner wants to change location and needs funding to purchase property, a business loan is better suited to them.
  • When it comes to interest rates, business loans operate with fixed numbers and monthly repayments don’t fluctuate. While this makes it easier for businesses to plan ahead, it also means that their repayments can be higher in the long run compared to other financing options.

Business lines of credit

  • Business lines of credit give a borrower more flexible access to funding. A lender agrees on a maximum amount of credit available to a business (e.g. $100k). From this, a borrower can withdraw as much or as little as they like, according to their business needs – a process known as ‘drawing down’.
  • Obtaining a line of credit is more useful for shorter timeframes of up to 12 months – for instance, when businesses are experiencing spikes in growth or demand and would like to have available funds for unforeseen expenses. This is why it is sometimes referred to as a ‘safety net’ to cover a shortage of working capital.

  • With a business line of credit repayment amounts vary month by month. Businesses pay interest on the amount of credit that’s outstanding. The more that’s paid back, the smaller the monthly payments become.

Frequently asked questions

Here's further information about finance from Spotcap

Our customer reviews

How to apply for a loan from Spotcap


Tell us about yourself and your business


Receive your decision within one working day


Accept your offer and receive your funds

Qualification criteria

Australian business

Annual turnover of +$200k

Trading for at least 18 months

Profitable business

Business loan calculator

Monthly repayment


  • 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.