Spotcap Loans

Get a revolving line of credit for up to two months’ revenue. An origination fee of 2 to 3% the loan amount and a personalised rate applies.

  • Please note that Spotcap is now Zip Business Loans Australia.

Spotcap offers business lines of credit from $10,000 up to $500,000, allowing you to borrow up to two months’ revenue. As this product is a line of credit, you will only be charged for the amount of credit you use. Their rates are personalised, and will be passed on your business financials and business credit. To be eligible, your business needs a minimum of $200,000 turnover per year, and needs to have been in operation for at least a year. While they don’t charge an upfront fee or ongoing fees, there is an original fee of 2 to 3%.

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Upfront Fee


Max. Loan Amount

3 months to 2 years

Loan Term

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Product NameSpotcap Loans
Min. Loan Amount$10,000
Max. Loan Amount$500,000
Loan SecurityUnsecured
Upfront Fee$0
Loan Term3 months to 2 years
  • Please note that Spotcap is now Zip Business Loans Australia.

How does a business loan from Spotcap work?

This business loan from Spotcap works like a revolving line of credit, giving you access to funds equal to roughly the amount of monthly revenue your business is making. When you apply, your financials and credit will be looked at and individually assessed, and you may be approved for a credit line. If you're approved, you'll have three months to decide how much you want to use and when you want to withdraw the funds, and if you decide not to use it you won't be charged anything. You are only charged for the amount of credit you use.

Five features that come with a Spotcap Loans

  • Range of credit limits available. The credit limit you're given is based on your monthly revenue, but there is a wide range on offer, meaning businesses of all sizes can access the financing they need. The minimum is $10,000 and the maximum is $500,000.
  • Convenient repayments. In order for you to manage your business' cash flow effectively, Spotcap outlines the proposed repayment schedules in advance and repayments are made electronically via direct debit. Currently, electronic debits will occur monthly.
  • Interest. You'll pay a fixed rate of interest with your loan, so you'll know how much your business will have to pay each month depending on how much you spend. You'll be offered a rate based on the financials you provide and the actual credit of your business.
  • Businesses that can apply. As outlined above, businesses of all sizes can access credit with Spotcap. As long as your business has a minimum of $200,000 turnover per year and has been in operation for at least a year, you can apply. Check the full requirements outlined below.
  • Flexibility with your loan amount. You can draw on your funds once a day, and you can repay the loan early without penalty – you only pay for what you use. This can help you manage your credit line in accordance with your business' cash flow.

The costs you need to know about

What you won't pay

  • No upfront fees to apply for your credit line
  • No ongoing fees or account-keeping fees
  • No penalty fees if you repay your loan early

What you will pay

  • An origination fee of 2-3% of the face value of any money that is drawn against your credit line
  • Late payment fees if you miss a payment
  • Fixed rate of interest based on the financials you provide
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How to apply for a Spotcap Loans

If you're ready to apply for a loan for your business, just click "Go to Site". Make sure you review the eligibility criteria and have the required documents handy before you start.

Eligibility criteria

Your eligibility depends on how long your business has been in operation and your business' financials. Here are a few points to keep in mind:

  • You'll need to have been operating for 18 months and be operating within Australia
  • The financials you provide are used to score you, and this score will be used to determine your eligibility and also the interest rate you're offered
  • Your business needs at least $200,000 turnover per year
  • Your business cannot have any existing debt and demonstrate a year-on-year revenue increase

You'll need to provide the following to complete your application:

  • Two years of financing reports
  • Online accounting software or digital copies of financial documents
  • Details of your business bank account
  • If you're applying for less than $150,000 you don't need to submit financial documentation. You will just need to answer four questions about your business to qualify.

You won't be charged any money to access your credit line, and you'll have three months to decide how much you want to withdraw and when you want to withdraw your money. If you decide not to use your credit line, you won't be charged anything.

Spotcap Loans are a convenient and flexible lending solution that you might want to consider for your business. As always, it's best to compare your business loan options to ensure you're applying for the best finance to meet you and your business' needs.

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  1. Default Gravatar
    February 16, 2018

    I want a loan for a frachcise Cleaning Business plus I m working if u can help me

    • Avatarfinder Customer Care
      March 7, 2018

      Hi Rosa, thanks for your inquiry.

      Please note that you have reached and not the lender. It would be best to contact them directly for your loan needs.



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