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CapTrove Business Loan
Upfront Fee
$0 application fee
Max. Loan Amount
$60,000
Loan Term
3 months to 1 year

Summary

Borrow from $5,000 up to $60,000 with short terms up to 1 year. Costs include interest charges.

Trove Capital's business loans are available to small and medium businesses, with loan amounts from $5,000 up to $60,000. This loan is unsecured and does not require an asset as security security. Loan terms are short, with terms from 3 months to 1 year. Repayments are scheduled to match your business's income. Interest rates start at 1.5% per month and all fees and charges will be set out in your loan agreement.

In this guide

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    • Product details
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Details

Product details

Product Name CapTrove Business Loan
Min. Loan Amount $5,000
Max. Loan Amount $60,000
Loan Security Unsecured
Upfront Fee $0 application fee
Loan Term 3 months to 1 year

How does the Trove Capital business loan work?

When you apply for a Trove Capital business loan you will be asked to specify the loan purpose. This loan can only be used for business purposes such as for buying equipment, hiring additional staff or renovating business premises.

Even though the loan can be made available within 24 hours, you can choose to have the funds deposited a week or a month after the application.

Features of the Trove Capital business loan

If you'd like to apply for this loan, below are some of its features.

  • Quick application process. The application process is online. Trove Capital uses read-only technology to review your business's bank statements.
  • Flexible. Besides working capital, this loan can be used for a variety of business purposes, from purchasing new equipment to refinancing debt.
  • No security. This is an unsecured business loan, meaning that your business and personal assets don't have to be offered as security.
  • Loan terms. You can repay this loan over a period of 3 months to 1 year.
  • Loan amount. This loan is available from $5,000 up to a maximum of $60,000.
  • Easy repayments. Repayments are made monthly and are linked to your business's income schedule.
  • No hidden fees. All fees and charges are stated upfront.
  • Responsible lending. Trove Capital is a responsible lender, meaning that if your business can't afford to repay the loan, you won't be approved for the amount.

How much does the loan cost?

The fees and charges associated with this loan are set out in the loan agreement. What you pay is determined by your business profile and the amount you'd like to borrow. Interest rates start at 1.5% per month. No establishment fee is charged for setting up this loan.

How to apply for a Trove Capital business loan

You can apply for this loan online. To be eligible, the minimum trade length is six months. You will be asked to supply personal information as well as details about your business's finances. Trove Capital will evaluate your business's financial health with read-only access to bank statements dating back 90 to 180 days.

While approval is quick and you can have almost immediate access to funds, it is important to ensure that your business is in a position to repay the loan amount before signing any agreements. Make sure you research a range of loan options before choosing the one that is right for you.

Business lenders you can compare

Whilst we don't compare the Trove Capital Business Loan directly, use the table below to see how they compare against other loans.

1 - 6 of 6
Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
Lumi Unsecured Business Loan
$5,000
$300,000
3 months to 3 years
2.5% establishment fee
Apply for up to $300,000 from Lumi and benefit from short loan terms, no early repayment fees and once approved receive your funds in just one business day.
Valiant Finance Business Loan Broker
$5,000
$20,000,000
3 months to 7 years
$0 application fee
A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 80 lenders. Loans between $5,000 and $20 million are available. Request a call – your loan can be funded in 1 business day.
ebroker Business Loan
$5,000
$5,000,000
1 month to 30 years
$0 application fee
Small business loans available between $5,000 and $5,000,000. Get access to 70+ non-bank lenders on this independent platform.
ScotPac Boost Business Loan
$10,000
$500,000
3 months to 3 years
$0 application fee
A business loan for any industry. Borrow between $10,000 and $500,000, with approved loans funded within 24 hours. Minimum monthly turnover of $10,000 and 1 year of trading history required.
Max Funding Unsecured Business Loan
$3,000
$30,000
1 month to 1 year
$0 application fee
An unsecured business loan from $3,000 that offers convenient pre-approval and no early repayment fees.
Prospa Business Loan
$5,000
$500,000
3 months to 3 years
3.5% origination fee
Small business loans are available from $5,000 - $500,000 on terms of up to 3 years. At least six months trading history and a monthly turnover from $5,000 is necessary.
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