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.

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

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

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

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.

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.

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.

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.

You can repay your unsecured business loan weekly or daily, and the repayment will automatically be taken from your business bank account.

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.

Absolutely. Many of our clients have loans with other lenders.

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!

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.

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).

Repayments are made weekly or daily over the term of the loan, which can be anything from three to 12 months.

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.

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.

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!