Unsecured Business Loans

Get the funds you need to grow

  Get funded in under 3 hours

  Loans from $5,000 – $500,000

  We look at more than just your credit score

 

  Get funded in under 3 hours

  Loans from $5,000 – $500,000

  We look at more than just your
credit score

Apply Now




Features of a Bizcap Unsecured Business Loan^

Same day access to funds to cover one-off expenses or invest in your business

  Borrow between $5,000 to $500,000

  Open minded offers irrespective of exsisting loans,  bad credit, defaults or judgements

  Loan terms between 3 and 12 months

  Flexible repayments and early payout available

  Fast decision and funding possible in 3 hours

  Minimum 5 months trading to apply

  Your business needs to be turning over at least $10,000 per month

  Borrow between $5,000 to $500,000

  Open minded offers irrespective of exsisting loans, bad credit, defaults or judgements

  Loan terms between 3 and 12 months

  Flexible repayments and early payout available

  Fast decision and funding possible in 3 hours

  Minimum 5 months trading to apply

  Your business needs to be turning over at least $10,000 per month

Our Application Process

We make it easy so you can focus on your business

01.
Online Application

Apply online and get assigned a Loan Specialist to help you through the application process. This take under 10 minutes. 

02.
Efficient assessment

Once we recieve your file, our credit team review your application and provide you with an outcome within just 1 hour

03.
Receive funds

Once approved and you accept,  you can have the funds in your account within 3 hours of approval.

Fast and flexible loans to grow your business

Move fast, confidently

Fill out an application form 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

FAQs about Bizcap

Unsecured Business Loans^

How do you qualify for an unsecured business loan?
If you’ve been in business for six months or more, have an active ABN and over $10,000 of monthly revenue, we hope to be able to help. As Australia’s most open-minded lender, we look at several aspects of your business to provide you with funding.
How to Apply for an Unsecured Business Loan
Easy. Just hit the ‘Apply’ button in the top right corner, and enter a few details (it’ll take five minutes). From there, we’ll match you with one of our Unsecured Loan Specialists who’ll get the information and documentation we need, and find the best solution for you. Alternatively, of course, you can call us on 1300 922 223.

After we’ve got the info we need, our credit team will give your application the once-over and we’ll make you an offer. If the offer sounds good to you, you can sign the contract and we will transfer the funds quicker (well, almost quicker) than you can say Bizcap.

What can Bizcap unsecured business loans be used for?

Anything you want, as long as it’s to do with your business! Some of the things our customers use our unsecured business loans for are:

  • Expansions, renovations and unexpected repairs
  • Purchase stock and equipment
  • Marketing
  • Hire more employees
  • Pay expenses
  • Cash flow
What type of Small 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

Does Bizcap require personal guarantees?

Bizcap may take personal guarantee(s) from directors of corporate borrowers, directors of corporate guarantors and certain individuals.

Is any security required on a Bizcap Small Business loan?

When assessing a loan application, Bizcap generally does not take into account whether a prospective borrower has specific assets to provide as security.

If the loan amount is above $30,000 (or any other figure Bizcap determines from time to time), Bizcap will, under the loan agreement, take a charge over the assets of the borrower and its guarantor(s). Bizcap may register its security interest(s) on the relevant register including the Personal Properties Securities Register and the relevant land interests register. In certain instances, Bizcap may require specific security to be granted over assets. Examples of security (based on loan size and the customer’s individual circumstances) include charges over bank accounts, vehicles or other personal property or caveats over land.

When assessing a loan application, Bizcap generally does not take into account whether a prospective borrower has specific assets to provide as security.

Security and assets are not required for an application regardless of the loan amount.

Additional Questions for an unsecured Business loan
What are the fees and repayments?
The fees and repayments are tailored to your individual circumstances. They will be determined by your cash flow, payment history and general financial strength, as well as how many years you’ve been trading, your assets and what you’re using the funds for. Repayments are made either daily or weekly.
How long does it take to approve an unsecured business loan?
Three hours – or 180 minutes! Once we have your application, bank statements and any other supporting information we need, we will assess your file within a couple of hours, and all being well, we’ll make you an offer. Once you’ve agreed to the offer, the funds will be winging their way into your account. If you need funds in a hurry, just let your Unsecured Loan Specialist know and they’ll fast track your application.
What is an unsecured business loan?
It’s a loan that’s not secured against your assets – such as your home or car. It’s assessed based on your cash flow, creditworthiness and other factors related to your business.
How are unsecured business loans repaid?
You can repay your unsecured business loan weekly or daily, and the repayment will automatically be taken from your business bank account.
Can I repay my unsecured 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 Unsecured Loan Specialist know and we’ll arrange an early payment discount for you.
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 unsecured 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.
How much can I borrow from Bizcap?

Bizcap’s unsecured business loans start at $5,000.  If the loan amount is above $30,000 (or any other figure Bizcap determines from time to time), Bizcap will, under the loan agreement, take a charge over the assets of the borrower and its guarantor(s).  Bizcap may, however, provide unsecured business loans up to $500,000 if it determines.

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.
Why are the interest rates higher than a secured loan?
The interest rates on an unsecured business loan are higher than a secured loan as we don’t have any assets to guarantee repayment. Of course, that means that we can provide finance quickly as we don’t have to go through the paperwork needed to value property or vehicles!

Real Customers solving their business problems with Bizcap

Industry Retail
Loan Size $670,000
Loan Use Expansion
State QLD
Revenue increase in the last 8 months 380%
Credit Score 490
Industry Transport
Loan Size $75,000
Loan Use General Cashflow
Turn Around Time 2 hours
Credit Score 527
State VIC
Industry Manufacturing
Loan Size $422,000
Loan Use Inventory Purchase
Credit Score 322
Turn around time 5 hours
State NSW

^ Bizcap provides both Unsecured and Secured loans to Small Business Owners. When assessing a loan application Bizcap generally doesn’t take into consideration if a prospective customer has specific assets to provide as security. However:

(a) if the loan amount is above $30,000 (or any other figure which Bizcap determines from time to time), Bizcap will, under the loan agreement, take a charge. For a corporate borrower and any corporate guarantor, the charge is over all of that entity’s present and after-acquired property (that is, the security is not over specific assets but any and all assets which the entity may have). For a sole trader borrower and any individual guarantor, the charge is over its current and future real property; and

(b) in certain instances, for example, where the loan relative to the cash flow of the borrower is of a size that warrants the provision of security over specific assets, Bizcap may require specific security to be granted over those assets.

Bizcap may register its security interest(s) under relevant legislation, including the Personal Properties Securities Register and the register held under the Real Property Act 1900 (NSW) or its equivalent.

In addition, Bizcap may take personal guarantees from directors of corporate borrowers, directors of corporate guarantors and certain individuals. No registrations are made in respect of guarantees.

LOCATION

Level 2, Suite 2.01, 435 Malvern Road, South Yarra, 3141

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