Why a Business Loan?
Fast access to funds
Apply for $10,000 to $500,000 - with approved funds available in as little as 24 hours.
Flexible loan terms
Choose from secured or unsecured options, with repayment terms tailored to your needs.
Simple application process
Apply online in just 5 minutes - with minimal paperwork and fast credit decisions.How a Business Loan Can Help Your Business
For businesses in Perth, a tailored Business Loan can provide the cash flow needed to manage operational expenses, navigate sales fluctuations and seize growth opportunities.
How Business Loans Work
ScotPac removes the red tape and complexity of traditional bank lending. Our simple online application takes just 5 minutes – with only ID and bank statements required.
Once submitted, our lending specialists assess your application and provide a fast credit decision – sometimes within 24 hours. When approved, funds can be in your account within one business day.
Apply today for your Business Loan in Perth.
Award winning Business Loans in Perth
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 a Business Loan is right for your business, consider the following eligibility criteria:
Business Location
Your business must have operated from the same Perth-based address for at least 12 months, with a consistent sales history.
Business Ownership
The business owner and/or applicant must be an Australian citizen or permanent resident, and at least 18 years old.
Minimum Turnover
To be eligible, your business must generate at least $10,000 in total monthly sales
Required Documentation
Our process is simple – all you’ll need to provide are the last 6 months of business bank statements and photo ID for all directors/borrowers.
Loan Amount
ScotPac offers Business Loans in Perth from $10,000 to $500,000 – up to 150% of your average monthly sales.
Our lending specialists are here to help you assess your business needs and determine whether a Business Loan or another solution is right for you.
Contact the ScotPac Perth office today for a personalised consultation.
Frequently Asked Questions
HOW QUICKLY CAN I GET A BUSINESS LOAN?
ScotPac’s Business Loan application can be completed in as little as 5 minutes and is entirely online. Some applications receive same-day credit approval. Once approved, funds can be available in as little as 24 hours.
WHAT CAN BUSINESS LOANS BE USED FOR?
Your Business Loan can be used for any business-related expense or growth opportunity. This may include managing cash flow, investing in new assets, meeting payroll, funding contracts, ordering stock or expanding into new markets.
IS MY BUSINESS ELIGIBLE FOR A BUSINESS LOAN?
You may be eligible if your business has been trading for at least 12 months in the same location, has an average monthly turnover of $10,000 or more, and is owned by an Australian citizen or permanent resident over the age of 18.
CAN I REFINANCE AN EXISTING BUSINESS LOAN?
Yes. Our flexible Business Loans can be tailored to suit your needs – including refinancing an existing loan with more favourable terms.
I HAVE STARTED A NEW BUSINESS IN PERTH, CAN I APPLY FOR A BUSINESS LOAN?
If your new business has a 12-month trading history in one location and averages at least $10,000 in monthly sales, you can apply for a Business Loan.
WHAT INDUSTRIES DO YOU PROVIDE LOANS FOR?
Our Business Loans in Perth are available to companies across all industries – including professional services, manufacturing, transport, hospitality, retail and more.
HOW MUCH MONEY CAN I BORROW?
ScotPac offers Business Loans from $10,000 to $500,000. Borrowing capacity is generally up to 150% of your average monthly sales.
WHAT DO I NEED TO SUBMIT IN MY APPLICATION?
Our fast and easy online application requires far less paperwork than traditional bank loans.
To help you complete your application quickly, have the following ready:
- Business bank statements for the last six months
- Photo ID for all directors and borrowers of the business
- A completed application form (which can be found here)
WHAT INTEREST RATE DOES SCOTPAC OFFER?
Interest rates for Perth-based Business Loans vary depending on several factors – including market conditions like the cash rate, your requested loan amount, and your business’s perceived risk profile.
ARE THERE ANY ADDITIONAL FEES?
We don’t charge any hidden fees. Our team ensures complete transparency throughout the application process.
Your monthly repayments – agreed upon upfront – will include instalments of the principal, incurred interest, and the flat facility and drawdown fees associated with your loan.
ARE THERE PENALTIES FOR LOAN EARLY PAYOUT?
No. With a Business Loan from ScotPac, you can pay out your loan early without being charged a penalty or fee.
DO I NEED A GOOD CREDIT SCORE?
No. Our lending team works closely with you to understand your business’s goals and financial position. Unlike banks, we consider the full financial health of your business – not just your credit score.
If you’re concerned about your eligibility for a Business Loan in Perth, speak with one of our lending specialists today.
WHAT ARE THE LOAN TERMS?
Business Loan terms range from 6 to 36 months. Each loan is tailored to your needs, goals and eligibility.
HOW DO I MANAGE MY BUSINESS LOAN?
You can manage and track your loan using our secure, easy-to-navigate online customer portal. Monthly statements are available at no cost via the portal.
WHAT HAPPENS IF A REPAYMENT IS MISSED?
Missed repayments may incur a late fee and could affect your business’s credit profile.
HOW DO I GET STARTED APPLYING FOR A BUSINESS LOAN IN PERTH?
To start your online application, click here. For more information or assistance, call our lending specialists on 1300 660 681.