Business Loans Irrespective Of Your Credit Score
Get the funds you need to grow
Bad Credit Score?
Bizcap can help!
The double-edged sword is the more credit enquiries you have, the lower your credit score falls. The majority of private lenders and banks make a credit score enquiry each time you apply, meaning shopping around for a Small Business Loan could be doing your credit score a fair bit of damage.
Unlike other lenders, we can assess your file for a Small Business Loan without running a credit enquiry and have no minimum credit score requirements.
We have helped thousands of Small Business Owners get access to a business loan irrespective of their business or personal credit score, regardless of if they’ve been declined by another lender before.
We don’t penalise someone’s previous efforts to succeed; we focus on supporting our customer’s current position and ensuring they have the capital they need to grow and succeed in the Australian small business market. That’s why instead of looking at a credit score, we look at the strength of your business, your cash flow and general cash management.
Bizcap truly is Australia’s most open-minded lender; we can provide you with access to capital up to $750,000 to SMEs Australia wide within just a few hours.
So, what are you waiting for?
Getting A Business Loan With A Bad Credit Score, Made Simple, With Bizcap
We make it easy so you can focus on your business
Apply online and get assigned a Loan Specialist to help you through the application process. This take under 10 minutes.
Once we recieve your file, our credit team review your application and provide you with an outcome within just 1 hour
Once approved and you accept, you can have the funds in your account within 3 hours of approval.
What Can I Use A Business Loan For?
At Bizcap, we help Australian small business owners get access to the capital they need to grow fast!
Expand your business
Shop fit-outs and refurbishments
Cover tax / BAS lump payments
Invest in technology or software
Buy a new business vehicle
Expansions, renovations and unexpected repairs
Purchase sock, machinery and equipment
Hire employess and pay wages
Any other business related use
Fast and flexible loans to grow your business
Move fast, confidently
Fill out a application form, upload your statements and get a decision within an hour & funds within 3 hours
High Approval Rates
We’re Australia’s most open-minded lender and can often help even if you’ve been declined by others before
Cash Flow Friendly Repayments
Once you have your loan with Bizcap, we organise daily or weekly repayments based on your businesses peaks and troughs
What our clients are saying about our business loans?
When in a hurry to purchase equipment Bizcap are the ones I go to. Everything is smooth and quick from start to finish. Application is easy, just a quick phone call away. Highly recommend Bizcap
Quick and efficient! Had the funds required within 4 hours of application. Paul was fantastic to deal with and explained everything very clearly.
I’m so happy with the service and speed that Bizcap provided! I had been messed around by another lender for a few weeks, when I enquired with Bizcap they sorted me with the funds in a few hours. Would recommend them to anyone wanting an actual outcome!
Such efficient, fast service. Thank you very much.
FAQs About Bizcap
How quickly can I get a business loan from Bizcap?
We can provide you with access to a business loan in as little as 3 hours. That’s the entire time it can take from getting your application in (with bank statements) to having the funds land in your preferred bank account.
How soon can I get funds in my account?
Assuming you complete the Application (it takes approximately 5 minutes) correctly you can receive a loan offer within 2 hours and if approved funds in your account within 3 business hours. Funding can be held up when a customer provides us with partial or inaccurate supporting documentation. If you need funds quickly, please just let your account manager know and we can ensure to have your application escalated.
How can Bizcap fund quicker than other lenders?
Bizcap is the direct lender and we’re self-funded, this reduces the red tape that we have to approve or decline customer applications. Banks can often take weeks if not months to get you an outcome for a business loan, non-bank lenders can often take days, at Bizcap, we can get you access to to the capital within 3 hours, there is no other business lender that can offer this currently, this makes us – the fastest business lender in Australia!
What can hold my business loan application up?
The biggest factor that can impact the time it takes for you to get a small business loan with Bizcap is delays in getting the relevant documentation to us. For us to make you a loan offer we simply require your bank statements, to confirm the loan offer and get the funds in your accounts we may require additional documentation to ensure we have the ‘whole picture’. We’re a low doc lender meaning we require a low amount of documentation in comparison to other lenders (both bank and non-bank)
What criteria do I need to tick off to apply with Bizcap?
We have some eligibility criteria that you’ll need to tick off, you must have an active ABN, be in business for at least 6 months and have at least $10,000 in monthly turnover.
What if I only need a business loan for a few weeks?
No worries, we can provide you with a short-term business loan to help bridge your cash flow gap or make a quick purchase! We’ll even give you a discount for paying out your loan early!
Additional Questions for a business loan
Can I repay my business loan early?
You sure can! We don’t penalise you for doing so – there are no early repayment fees or anything like that. If you know you only need the capital for a short period – for example, to buy stock that you’ll sell in two or three weeks, let your Short Term Loan Specialist know and we’ll arrange an early payment discount for you.
How are fast business loans repaid?
You can repay your fast business loan weekly or daily, and the repayment will automatically be taken from your business bank account.
How much can I borrow from Bizcap?
Bizcap can provide you with capital anywhere between $5,000 and $750,000. The amount is dependent on your individual financial position.
I already have a loan with another lender, can Bizcap help me?
Absolutely. Many of our clients have loans with other lenders.
I have a loan with you, but I need more access to funds, can you help?
Sure thing. If you’ve had a loan with us for at least seven weeks, give your short term loan specialist a call, and we’ll do our very best to help you again!
What are the interest rates, and how are they determined?
It differs from client to client. We call it a Factor Rate, and it’s a fixed fee on the term of the loan. It’s based on the risk assessment on your loan and, as you build a relationship with us, that Factor Rate will decrease. Your interest rate will depend on several things, including your cash flow, how long you’ve been in business, your assets and what you intend to use the funds for.
Will you check my personal finances?
No. We’re not a personal lender, so we don’t need to check your personal finances – unless your business transactions are going into your personal account. We just need your business bank statements. We will, of course, check the credit reports of the business and its owner(s).
How are repayments structured?
Repayments are made weekly or daily over the term of the loan, which can be anything from three to 12 months.
What if I’m a startup business?
We usually need a minimum of six months’ trading history, however, if you have an existing business and need funding for a new venture, please get in touch and we’ll be able to quickly assess whether we can help you or not.
What type of business loans does bizcap offer?
Bizcap offers both Unsecured Business Loans and Secured Business Loans. Our loan sizes vary from $5,000 to $750,000 dependent on the loan type and the customer profile
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