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

An unsecured business loan offers freedom and flexibility, allowing you to use the funds for any commercial purpose

Unsecured business loans and lending in AU of up to $250k

Unsecured, without collatoral

Free non-committal application

Decision within one working day

No fees for repaying early

How much do I qualify for?

Secured Vs unsecured loans

Traditionally, finance comes in two main forms - secured or unsecured. The difference? Secured lending is tied to assets and unsecured lending is not.

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.

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.

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 lending in Australia of up to $250k

Secured Vs unsecured loans

Traditionally, finance comes in two main forms - secured or unsecured. The difference? Secured lending is tied to assets and unsecured lending is not.

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.

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.

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 lending for businesses from $10k to $250k

Spotcap's unsecured lending

Unsecured business loans offer considerable benefits to both established and growing businesses. If you are a limited company, sole trader or commercial business you may be able to access an unsecured loan without a guarantor.

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 short and long term unsecured lending

  • 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. It can also help to better manage your expenses

  • 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

    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

Unsecured business loans for Aussies small and medium sized enterprises

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 type of finance Spotcap provides

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:

FAQs unsecured business loans from Spotcap

  • What is the loan amount?

    Borrow between $10k and $250k for any business purpose
  • What are the 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
  • How do I 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
  • What are the 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

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.

Compare us to traditional lenders

Because we understand the financing needs of small businesses, we stack up against traditional lenders

Bank LoanCredit Card Advance
Fast decision   
Paperless   
Focus on real-time performance   
Transparent costs   
Flexible payback   
apply now Read more about our line of credit

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

Spotcap's business loans reviewed

We’re backed by experience and commitment

Spotcap Australia is led by Lachlan Heussler. He’s supported by a team of professionals dedicated to simplifying the route to finance for small and medium-sized businesses.

Lachlan Heussler

An experienced entrepreneur and innovator with more than 15 years’ experience in financial services with Deutsche Bank, UBS and Citigroup.

Jens Woloszczak

Jens founded Spotcap with the aim of changing the banking landscape and has many years of experience in finance.

Bruce Brenkus

Bruce Brenkus had senior roles at Wells Fargo Bank and Better Finance (SmartBiz), has advised Experian and the Commonwealth Bank of Australia, and is a regular speaker at risk management events.