Jennifer Hart
Director of Everyday Cashmere
Working capital loans up to $400k in Australia
Give your company the boost it needs to grow. Learn more about finance from Spotcap.
Unsecured, without collateral
Free non-committal application
Decision within 1 working day
No fees for repaying early
What's different about finance from Spotcap?
Unsecured — no collateral required
Free, non-committal application
Decision in one working day
No penalty for repaying early
Finance that helps you move forward
Whatever the next step for your business is, a Spotcap working capital loan can help you take it.
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.
"Spotcap finance enabled us to grow and having that emotion that someone believed in your vision just left us feeling great"
Benefit from Spotcap's unsecured lending
It’s your business, so you choose how to use the funds. Our working capital loans can help you take care of any scenario.
Manage your cash flow
High or low customer demand — both require extra finance. A working capital loan eases the pressure and gets you to where you’re going.
Refresh your inventory
Busy season on its way? Broadening your product range? Whichever plan you put in place, secure its success with a solid budget.
Bridge receivables
Shield your business from outstanding customer invoices. With extra finance, you can pursue new contracts before payments start coming in.
Cover an unexpected bill
An unforeseen expense can deal a hard blow to your cash flow reserves. Set up an emergency fund for those unpredictable moments.
Qualification and eligibility criteria
What we look for in applications
Australian business
Annual turnover of at least $200k
Trading for at least 18 months
Profitable business
How to apply for a working capital loan
An online application can be completed in as little as 15 minutes
Tell us about your business
Answer a few questions and provide some basic data to complete your application
We review your application
Our team of credit experts will review your application and we’ll be in touch with a decision
Accept your offer
Once approved, you have immediate access to your funds. Choose when to have them deposited to your account
How does our finance work?
Below is an example of Spotcap’s approach, focused on simplicity and flexibility.
1. APPROVAL
When your application is approved, we can offer you a line of credit. Your finance will be available within 24 hours
2. DRAWING DOWN
When you drawdown on your credit line we create a separate business loan. Each loan has the same interest rate
3. COMMITMENT PERIOD
Your line of credit is available for 1 to 3 months. During this time, you may drawdown as much or as little as you need
4. REPAYMENT
Each loan is repaid monthly over an amount of time (between 1 and 24 months). After the first month has elapsed, you can repay your loan early without penalty
5. RESCORING
Upon expiration of your credit line, you may request a rescore. We reassess your information and determine if we can offer a larger sum of finance
Payment Calculator
- Amount$ 100,000
- Time12 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.
Working capital loans for Australian businesses
What is working capital?
- Working capital is the cash available to cover the day-to-day expenses of running a business, including paying staff, replenishing stock, and covering overheads. It is often considered a measure of business efficiency and the short-term financial health of a business.
Simply put, working capital is a business’s current assets minus their current liabilities. These amounts are obtained from your company’s balance sheet. For example, if your balance sheet reports current assets of $760,000 and current liabilities of $230,000, then your company’s working capital is $530,000.
What can I use a working capital loan for?
- SMEs affected by seasonal fluctuations rely on working capital loans as they help cover periods of slower business activity. This type of funding is typically short-term and repaid once a business hits its busy season or receives outstanding payments, therefore no longer needing the money.
- Although a typical working capital loan is not suited to buying longer-term assets such as machinery, it is the simplest way to ensure your business has adequate working capital to run smoothly and prevent hurdles in the future. Spotcap’s line-of-credit model allows businesses to draw down funds as they need them, without incurring any additional costs or fees.
What are the different types of working capital loans?
- There are different kinds of working capital loans available. Smaller businesses might use their credit card or bank overdraft. Other – usually larger – companies use invoice finance. This allows them to borrow against payments due from customers. A merchant cash advance is yet another option – a regular small loan which is repaid by cash from future sales. And some businesses even borrow money in the form of a personal loan.
- Is there more? Yes. Businesses are increasingly taking advantage of fully unsecured working capital loans. SMEs don’t need to put forward any collateral or a personal guarantee in order to secure the loan. In addition, the financing isn’t tied to any future income or outstanding invoices, which gives the borrower more flexibility. And if a business has already taken out a longer-term asset-based loan, an unsecured loan can be complementary as there is no claim on any assets.
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
$9,168
- Amount$ 100,000
- Time12 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.