Why Working Capital Loan
Flexible Working Capital
A tailored working capital loan gives your business the cash flow it needs to grow.
Fast Funding
Funds in as little as 24 hours, to give you fast access to the working capital you need.
Funding on Your Terms
With secured and unsecured options, get the capital you need, minus the conditions you don’t.How Working Capital Loan can help your business
Whether you need to bridge a cash flow gap caused by seasonal fluctuations or unexpected supply chain disruptions, or you want to take advantage of new growth opportunities – a fast and flexible working capital loan ensures your business has the funding it needs.
How Working Capital Loan Works
A working capital loan is a business finance solution that provides liquid financial resources to cover everyday operational expenses. The more working capital your business can access, the better positioned you’ll be to meet immediate financial obligations and support long-term growth.
We’ve made the process of applying for a loan easy and hassle-free. Our online application takes just minutes.
Once approved, you can access the working capital your business needs within 24 hours.
Award Winning Working Capital Loans
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.
Is it right for you?
A working capital loan from ScotPac could be the right solution for your business if you need:
Additional cash in hand
Businesses need consistent cash flow to succeed – and a working capital loan can help make that possible.
Purchase more stock
Buying new stock, materials, or products can be difficult for small or growing businesses without a working capital injection.
Meet operating expenses
Whether it’s a cost that needs to be covered upfront or an unexpected bill, a cash loan can help ensure your operations continue without disruption.
Fast approvals
With our industry-leading turnaround on loan approvals, businesses can receive the funding they need within 24 hours.
Flexible loan terms
Our finance solutions can be tailored to meet your needs and objectives – and are scalable as your business continues to grow.
If you are not sure whether a working capital loan is right for you, reach out to our team today.
Frequently Asked Questions
WHAT IS CONSIDERED WORKING CAPITAL?
Working capital refers to the difference between your current assets and current liabilities. In other words, it is the amount of cash available and accessible for use in your business.
Current assets include accounts receivable (such as unpaid customer invoices), machinery, equipment, inventory, and business property. Current liabilities refer to business expenses such as accounts payable, short-term debt, and payroll.
HOW DO I KNOW IF I NEED A WORKING CAPITAL SOLUTION?
If your business doesn’t have sufficient liquid financial resources to cover ongoing expenses, you may need a working capital solution.
HOW QUICKLY CAN I ACCESS A WORKING CAPITAL LOAN?
Our working capital loans are easy to access. The application process is entirely online and takes just 5 minutes to complete. Our credit approval team will then assess your application – often on the same day – and once approved, you can access the funds in as little as 24 hours.
WHAT CAN LOAN FUNDS BE USED FOR?
Your working capital loan can be used for any business or operational expense. You may need to support day-to-day operations, invest in equipment or machinery, finance a contract, cover wages, purchase stock, or grow your business.
Our loan solutions are flexible and can be tailored to suit your business goals.
WHAT ARE THE ELIGIBILITY CRITERIA?
ScotPac provides working capital loans for businesses across a wide range of industries, including manufacturing, transport, professional services, retail, and hospitality. If you are considering applying for a working capital loan, you must meet the following criteria:
- Trading in the same location for 12 months or more
- Owned by an Australia citizen or permanent resident, 18 years of age or older
- Can demonstrate consistent average monthly sales of $10,000 or more
DO I NEED TO PROVIDE SECURITY?
ScotPac provides both secured and unsecured business loans ranging from $10,000 to $500,000. 80% of the loans we provide are unsecured and do not require any form of security or collateral. For unsecured business loan applications, having a strong asset base can improve approval eligibility and increase the potential loan amount.
However, for working capital loans of $200,000 or more, security will be required.
HOW MUCH CAN I BORROW?
ScotPac generally provides businesses with loans of up to 150% of their monthly sales average (from $10,000 to $500,000).
WHEN DO I NEED TO REPAY THE LOAN?
Our loan terms range from 6 to 36 months. Our lending specialists work with each and every business to customise the loan terms to suit your company’s needs and objectives.
DO I NEED A GOOD CREDIT SCORE TO BE APPROVED?
No, not necessarily. Our approval team looks at a business’s overall financial health in addition to credit history.
For more information and tailored advice about business loans for you, reach out to our lending specialists today.
WHAT DO I NEED TO APPLY?
Our application process is fully online. Unlike traditional bank loan applications, we only require minimal documentation to get started.
Before starting your application, make sure you have:
- Business bank statements for the last 6 months
- Photo ID for all directors and borrowers of the business
WHAT IS THE INTEREST RATE FOR A WORKING CAPITAL LOAN?
ScotPac offers interest rate terms based on a variety of factors, including the market cash rate and the overall perceived risk profile of your business.
ARE THERE ADDITIONAL FEES?
No, there are no hidden fees, such as account keeping charges or early loan payout fees, when you apply for a working capital loan with ScotPac.
We believe in complete transparency and include all costs – including the principal loan amount, incurred interest, and the flat facility and drawdown fees – in your regular repayments.
HOW CAN I APPLY FOR A WORKING CAPITAL LOAN?
You can begin the fast and simple online application, click here. For more information or assistance from our lending specialists, call us on 1300 660 681.