Why a Business Loan?
Fast funding solutions
Access $10,000 to $500,000, with funds available in as little as 24 hours after approval.
Customisable solutions
Choose secured or unsecured loans with flexible terms to suit your business needs.
Simple online application
Apply online in 5 minutes with minimal paperwork and same-day credit decisions in some cases.How a Business Loan Can Help Your Business
Whether you need a quick cash boost to manage cash flow or are ready to invest in growth, our secured and unsecured loans are designed to help small and medium-sized Sydney businesses achieve their goals.
How Business Loans Work
At ScotPac, we’ve removed the complexities and delays often tied to traditional business loans. Our simple online application takes just minutes to complete and only requires basic ID and banking documents for verification.
Credit assessments are fast – with approvals possible within one business day and funds available in as little as 24 hours of approval.
Apply today for your business loan in Sydney.
Award winning Business Loans in Sydney
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 ScotPac Business Loan is the right working capital solution for your Sydney-based business, consider the following eligibility criteria:
Trading history
Your business must have been operating from the same Sydney address for at least 12 months with a consistent monthly sales record.
Business ownership
The applicant must be an Australian citizen or permanent resident and at least 18 years old.
Minimum turnover
A minimum average monthly turnover of $10,000 is required.
Documentation
To complete your online application, you’ll need to provide 6 months of business bank statements and photo ID for all directors or borrowers.
Loan amount
ScotPac offers business loans from $10,000 to $500,000 – up to 150% of your average monthly revenue.
Asset requirements
We offer both secured and unsecured loans. For loans of $200,000 or more, collateral such as property may be required. Around 80% of our loans are unsecured.
Our experienced lending specialists are here to help you determine whether a Business Loan or another ScotPac solution best suits your goals.
Contact the ScotPac Sydney office today for a consultation.
Frequently Asked Questions
HOW QUICKLY CAN I ACCESS CASH WITH A BUSINESS LOAN?
ScotPac’s Business Loan application can be completed online in just 5 minutes. In some cases, our credit team can provide same-day approval – and once approved, funds may be available in as little as 24 hours.
WHAT CAN I USE A BUSINESS LOAN FOR?
Our Business Loans can be used for a wide range of business expenses or growth initiatives. Whether it’s managing day-to-day cash flow, investing in equipment, meeting payroll, funding contracts, ordering inventory, or seizing expansion opportunities – a Business Loan can help.
DO I NEED PROPERTY FOR SECURITY TO GET A LOAN?
No – ScotPac offers both secured and unsecured loan options. For unsecured loans between $10,000 and $200,000, no property or other asset is required as security.
WHO IS ELIGIBLE TO APPLY FOR AN UNSECURED LOAN?
Any business that meets our eligibility criteria can apply for a Business Loan in Sydney – with funding available for up to 150% of your monthly sales turnover.
If your business has operated from the same location for at least 12 months, generates a minimum monthly turnover of $10,000, and is owned by an Australian citizen or permanent resident over the age of 18, you may be eligible.
CAN I REFINANCE AN EXISTING BUSINESS LOAN?
Yes – our flexible Business Loans can be tailored to meet your needs, including refinancing existing loans on more favourable terms.
AS A NEWLY ESTABLISHED BUSINESS IN SYDNEY, AM I ELIGIBLE TO APPLY FOR A BUSINESS LOAN?
Yes – if your business has been operating for at least 12 months in the same location and averages $10,000 or more in monthly sales, you can apply for a Business Loan.
WHICH INDUSTRIES DO YOU PROVIDE BUSINESS LOANS FOR?
Our Business Loans in Sydney are available for businesses across all industries – including professional services, manufacturing, transport, hospitality, retail and more.
HOW MUCH CAN I BORROW?
ScotPac offers business loans ranging from $10,000 to $500,000. Loan amounts of $200,000 and above require security – such as property. Generally, borrowing capacity is up to 150% of your average monthly sales.
WHAT DOCUMENTATION DO I NEED FOR MY APPLICATION?
Our streamlined application process is completely online and requires minimal documentation compared to traditional bank loan applications.
To complete your application quickly, have the following documents ready:
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Business bank statements for the last 6 months
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Photo identification for all company directors and borrowers
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A completed application form (available on our website)
WHAT IS THE INTEREST RATE FOR BUSINESS LOANS?
Interest rates for Business Loans vary based on several factors – including market conditions (such as the cash rate), the loan amount requested, and your business’s risk profile. For more information, speak to our team today.
ARE THERE ADDITIONAL OR SURPRISE FEES?
No, we guarantee full transparency on our fees and won’t hit you with any hidden charges, such as account maintenance fees.
Your regular monthly repayments include instalments of the principal loan amount, interest, and the flat facility fee and drawdown fee associated with your loan – all of which will be explained and agreed to in advance.
ARE THERE ANY PENALTIES FOR EARLY LOAN REPAYMENT?
No, with a Business Loan from ScotPac, you can repay your loan early without incurring any penalties or fees.
DO I NEED A GOOD CREDIT SCORE TO APPLY FOR A LOAN?
No. Our lending team evaluates the overall financial health of your business in addition to your credit history.
However, if you’re concerned about your eligibility for a Business Loan, please contact our lending specialists.
WHAT LOAN TERMS ARE AVAILABLE?
Business Loan terms from ScotPac range from 6 to 36 months. Our lending specialists customise each loan – including the loan terms – to align with your business’s needs, goals and eligibility.
HOW CAN I MANAGE MY BUSINESS LOAN?
Clients can use our online customer portal to monitor their Business Loan. Complimentary monthly statements are also available through the portal.
ARE THERE FEES FOR A MISSED REPAYMENT?
Missed loan repayments may result in a fee and could negatively impact your business’s credit profile.
If you anticipate difficulties with repayments, please contact the ScotPac team as soon as possible – we’ll work with you to identify a suitable alternative solution.
HOW CAN I APPLY FOR A BUSINESS LOAN IN SYDNEY?
To start your online application, click here. For more information or assistance from our lending specialists, call us on 1300 660 681.