Working capital loans up to $250k for Australian businesses

Unsecured, no collateral

Non-committal application

No early repayment fees

Fast decision within 1 working day

Main features of Spotcap finance

  • Access finance of up to $250k

  • Only pay interest on what you withdraw

  • Online paperless application

  • Loans can be repaid over 12 months

Your business loan payment 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 to apply for a working capital loan

It can take just 15 minutes to complete your application. Simply signing up is 40% of the application

  • Sign up to to check eligibility

  • Enter essential business details

  • We assess your application

  • Receive a business decision

We’re trusted by thousands of growing businesses

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

Understanding unsecured business loans

Information about the unsecured lending you need to know as a business owner

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’ current assets minus their current liabilities. These amounts are obtained from your company’s balance sheet. For example, if your company’s 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?

  • A working capital loan covers the day-to-day expenses of a business, including accounts payable, salaries and office costs. SMEs affected by seasonal fluctuations rely on these loans as it helps them cover periods of slower business activity. Working capital loans are 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. A 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 business 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 do not need to put forward any collateral or a personal guarantee in order to secure the loan. In addition, the financing is not tied to any future income or outstanding invoices which gives the SME 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.

Ready to grow your business?