Why a Business Loan?
Fast funding
Access between $10,000 and $500,000 in funding - with approved loans paid out in as little as 24 hours.Flexible terms
Borrow up to $500,000 with terms ranging from 6 to 36 months.Online application
Apply online in minutes with minimal paperwork - and receive a fast credit decision, in as little as 24 hours in some cases.How a Business Loan Can Help Your Business
For businesses in Brisbane, a tailored Business Loan can help maintain smooth cash flow and cover operational costs, sales fluctuations and growth opportunities.
How Business Loans Work
ScotPac takes the complexity out of business lending. Our online application is quick and simple – with only minimal documentation required.
Once submitted, our lending specialists review your application and provide a fast credit decision – often within 24 hours. When approved, funds can be available within one business day.
Apply today for your Business Loan in Brisbane.
Award winning Business Loans in Brisbane
As the largest non-bank lender in Australia, ScotPac brings the best of both worlds: the speed, flexibility and ease of a specialist lender combined with the reliability and knowledge of a major finance provider.
We help businesses in any industry reach their goals.
Is a Business Loan right for you?
If you’re unsure whether our Business Loan is the right fit for your Brisbane business, consider the following eligibility criteria:
Business Location
Has your business been operating for at least 12 months, with a consistent sales record?
Business Ownership
Is the business owner an Australian citizen or permanent resident, and at least 18 years of age?
Minimum Revenue
Does your business generate at least $10,000 in average monthly sales?
Required Documentation
Do you have 6 months’ worth of business bank statements and photo identification for all directors and borrowers?
Loan Amount
Are you seeking a Business Loan between $10,000 and $500,000? For facilities up to $100,000, the approved amount can typically be up to 125% of your average monthly sales. For facilities between $100,000 and $500,000, it can be up to 150% of your average monthly sales.
Our experienced lending specialists are here to discuss your business needs and help you find the right financial solution.
Contact the ScotPac Brisbane office today for a consultation.
Frequently Asked Questions
HOW QUICKLY CAN I ACCESS THE LOAN?
Our online application takes just 5 minutes to complete. Some applications receive same-day credit approval, and funds can be available within 24 hours of approval.
WHAT CAN THE LOAN BE USED FOR?
You can use your Business Loan for any business-related expense – from managing cash flow and covering payroll to purchasing inventory, funding contracts or expanding your market presence.
CAN I REFINANCE AN EXISTING LOAN?
Yes. Our flexible Business Loans can be tailored to suit your needs, including refinancing an existing loan on more favourable terms.
HOW MUCH CAN I BORROW?
You can borrow from $10,000 to $500,000. For facilities up to $100,000, the approved amount can typically be up to 125% of your average monthly sales. For facilities between $100,000 and $500,000, it can typically be up to 150% of your average monthly sales. Speak to our Brisbane team for a personalised borrowing assessment.
CAN START-UP BUSINESSES APPLY?
If your business has a 12-month trading history and generates at least $10,000 in monthly sales, you’re welcome to apply.
WHAT INDUSTRIES DO YOU PROVIDE LOANS FOR?
We provide Business Loans to companies across a wide range of industries – including professional services, manufacturing, transport, hospitality and retail.
WHAT DOCUMENTS ARE REQUIRED FOR THE APPLICATION?
Our streamlined online application requires minimal documentation. You’ll need:
- Business bank statements for the last 6 months
- Photo ID for all directors and borrowers
- A completed application form (available online here)
WHAT INTEREST RATE DOES SCOTPAC OFFER?
Interest rates vary based on market conditions (e.g. the cash rate), the amount you’re borrowing and your business’s risk profile. To find out what rate may apply to your loan, speak with our lending specialists in Brisbane.
WHAT ARE THE LOAN TERMS?
Loan terms range from 6 to 36 months. Our team will tailor your loan to suit your business’s goals, needs and eligibility.
ARE THERE ANY ADDITIONAL OR HIDDEN FEES?
No. We’re fully transparent with our pricing and don’t charge hidden fees like account keeping. We offer a low, up front flat fee and drawdown fee structure that is paid off with your weekly repayments.
ARE THERE PENALTIES FOR EARLY PAYOUT?
No. You can pay out your loan ahead of schedule without any penalties or additional fees.
DO I NEED A GOOD CREDIT SCORE?
Not necessarily. We take a holistic view of your business – not just your credit score. If you’re concerned about your credit history, speak to our lending specialists to discuss your eligibility.
HOW DO I MANAGE MY LOAN?
You can manage and monitor your loan anytime through our secure, user-friendly online portal. Monthly statements are available via portal.
WHAT HAPPENS IF I MISS A REPAYMENT?
Missed repayments may incur a late fee and affect your credit profile. If you’re concerned about making a payment, contact us as soon as possible to discuss a suitable solution.
HOW DO I GET STARTED WITH MY LOAN APPLICATION?
Start your online application here – it only takes a few minutes. For support, call our Brisbane team on 1300 660 681.