Boost Business Loan

A ScotPac Boost Business Loan gives small and medium-sized enterprises (SMEs) across Australia fast access to working capital. You can borrow up to $500,000, with funds available in as little as 24 hours after approval.

It’s built for small business owners who want a straightforward working capital loan without the bank’s red tape. You can apply online in about five minutes, upload minimal supporting documentation, and receive a credit decision in as little as 24 hours, sometimes the same day. Terms run from 6 to 36 months.

There are no application fees and no account-keeping fees, just a simple, transparent structure built into your repayments. As Australia’s largest non-bank lender, ScotPac has spent more than 35 years backing business owners and today supports over 9,300 businesses.

Ready to give your business a boost? Apply for a Boost Business Loan, or talk to a ScotPac lending specialist. If you’d rather borrow against unpaid invoices or need a revolving facility, Invoice Finance and a Line of Credit may also be worth considering.

You can borrow up to $500,000. Loan amounts are assessed against your average monthly sales. As a general guide, loans up to $100,000 can typically be up to 125% of average monthly sales, while loans from $100,000 to $500,000 can typically be up to 150%.

So, if your business averages $30,000 per month in sales, you could borrow up to around $37,500. The right figure depends on your sales, application and how you plan to use the funds

You can apply online in about five minutes and receive a credit decision in as little as 24 hours, sometimes the same day. Once approved, funds can be available in as little as 24 hours.

You’ll generally qualify if your business has been trading for at least 12 months, turns over at least $10,000 per month in total sales, and the owners are 18 or over and Australian citizens or permanent residents.

Not sure where you stand? A quick chat with our team can help clarify your options.

When you submit your application through our easy to use online portal, you will need to provide:

• Six months of business bank statements.
• A completed application form – this can be done here.
• Photo ID for all directors and borrowers.

Where relevant, additional documentation related to your collateral may also be required.

Security requirements vary depending on the loan amount, business profile and overall application. A strong asset base may help support approval and increase the loan amount available.

A ScotPac lending specialist can explain what security, if any, may be required before you proceed.

There’s no single set rate. Yours depends on a few things, including market conditions such as the cash rate, your business’s risk profile, the size of the loan, and whether it’s secured.

Businesses with a stronger asset base, solid credit history or security to support the loan may receive lower rates. A specialist can give you a tailored quote once they understand your situation.

There are no hidden fees or charges with our Boost Business Loan. ScotPac offers complete transparency with no application fees and no account-keeping fees. Our simple flat facility fee and drawdown fee structure are built into your repayments.

You can access your monthly statement at no additional cost through your customer portal, helping you stay on top of your loan and manage your budget. If you have any questions about fees or charges, our team is here to assist.

ScotPac’s loan terms are generally between 6 and 36 months. However, each application is considered on a case-by-case basis, depending on your industry, cash flow, and needs.

No. ScotPac does not charge early payout penalties, so if you’re in a position to clear the loan sooner, you can do so.

Not for a brand-new start-up. A Boost Business Loan is designed for businesses that have been trading for at least 12 months with consistent sales.

That said, if you’re already up and running and want to open a new location or buy into a franchise, we can talk through whether a Boost Business Loan may be suitable.

If you’re ready to start our quick application process, click here.

Prefer to talk it through first? Call our lending specialists on 1300 660 681 or enquire online.