Unsecured business loans up to $250,000 in Australia

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

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, SMEs need access to finance. A loan from Spotcap can help you grow

Finance solutions up to $250,000

Only pay interest on what you use

Paperless application can be completed in 15 minutes

Flexible, monthly repayment schedules

How to apply for an unsecured business loan

Completing an application can take as little as 15 minutes

Unsecured Business Loan Application Process

Sign up & check eligibility by completing a short form


Enter business details to complete your application


We assess your application within 24 hours


Accept our offer to set up your Spotcap credit line

How does an unsecured business loan work?

Spotcap loans work in the form of a business line of credit. 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 12 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

Let your business benefit from Spotcap's unsecured lending

It’s your business, so you choose how to use the funds we make available through a business line of credit for a variety of 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 loan can supply the working capital needed to restock your inventory when you’re preparing for a busy new season or broadening your product range.

  • Growing your team

    A Spotcap business loan makes it easier for you to recruit and grow

Long term:

  • Growing 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.

  • Growing your business

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

  • Growing your reputation

    Taking out a Spotcap unsecured loan gives you the funds to train your staff in excellent customer service

Payment calculator

  • Amount
    $ 125,000
  • Time
    9 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.

Monthly repayment


  • 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.

We’re trusted by thousands of growing businesses

Jennifer is one of many Australian business owners who has used Spotcap to grow. Read more about other aspirational SMEs we have financed

working capital loans customer quote

“Spotcap’s online process was simple and straight-forward and I was approved for finance in no time at all.”

Spencer Smith

Founder, RV Solar Supplies

In depth: Unsecured business loan vs. unsecured line of credit

Information you need to know as a business owner

The essentials

An unsecured business loan and an unsecured line of credit are alternative funding options based solely on a business’s creditworthiness, history and financial condition. These types of financing don’t require any collateral or personal guarantees, making them an attractive solution for healthy small and medium sized businesses that don’t want to tie up valuable assets.

An unsecured business loan and an unsecured line of credit are the most common non-collateralised financing options available to SMEs. Each have their individual pros and cons, depending on what a business requires.

Business loans

  • Business loans operate as term loans, meaning they provide a single amount of credit and need to be returned within a certain timeframe. Even if the borrower doesn’t use all of the funding, they are obligated 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
  • If a business wishes to repay their loan earlier than pre-arranged, the closing costs can be substantial and need to be factored in
  • 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
  • A business line of credit can sometimes be paid earlier than agreed without incurring additional fees
  • 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


A business loan is a financial solution better suited for situations where a large long-term investment is required and the necessary expenses can be predicted.

A business line of credit is a more suitable product for businesses that need more working capital. It helps to manage spikes in demand and cover unexpected costs in a more short-term capacity.

Ready to grow your business?