Unsecured business loans up to $500k in Australia

Unsecured loans offer freedom and flexibility that other forms of business finance find hard to match

Unsecured, without collateral

Free non-committal application

Decision within 1 working day

No fees for repaying early

What's different about Zip Business unsecured loans?

Unsecured - no collateral required

Free, non-committal application

Decision in one working day

No penalty for repaying early

Finance growth opportunities

In order to innovate to their full potential, businesses need access to finance. A loan from Zip Business can help you grow

Unsecured finance solutions up to $500k

Repayment schedules up to 36 months

Only pay interest on what you use

Paperless online application

We’re trusted by thousands of growing businesses

Don’t just take our word for it. Learn about aspirational businesses we have financed

working capital loans customer quote

"What Zip Business does is allow us to take on bigger jobs, which helps us grow quicker, put on more staff, buy the right materials, machinery and equipment."

Ryan Short

Owner of Short Marine

Let your business benefit from Zip Business unsecured lending

It’s your business, so you choose how to use the funds. Our unsecured business loans are a versatile solution for both short- and long-term activities.


  • Manage cash flow

    Protect your business from short-term cash flow challenges. It can help relieve the pressure on your bank balance at times when you need to make unforeseen payments.

  • Refresh your inventory

    Unsecured loans can supply the working capital needed to restock your inventory when you’re preparing for a busy new season or broadening your product range.

  • Bridge receivables

    A business loan can be the working capital you need to cover periods between funding rounds.


  • Expand your product range

    An unsecured loan can help extend your product range by funding purchasing. You could adjust an existing product for a new market, or start selling something entirely new.

  • Enter new markets

    Reach out to new customers, explore new ideas or run a targeted marketing campaign with the help of a longer-term unsecured loan.

  • Enhance your reputation

    An unsecured loan can fund campaigns aimed to improve how your business is perceived by customers, partners or the media.

Qualification and eligibility criteria

What we look for in applications

Australian business

Annual turnover of at least $200k

Trading for at least 18 months

Profitable business

How to apply for an unsecured business loan

An online application can be completed in as little as 15 minutes

How to apply for an unsecured business loans

Tell us about your business

Answer a few questions and provide some basic data to complete your application

We review your application

Our team of credit experts will review your application and we’ll be in touch with a decision

Accept your offer

Once approved, you have immediate access to your funds. Choose when to have the funds deposited to your account

How does an unsecured business loan work?

Our approach is focused on simplicity and flexibility


When your application is approved, we can offer you a line of credit. Your finance will be available within 24 hours


When you draw down on your credit line we create a separate business loan. Each loan has the same interest rate


Your line of credit is available for 1 to 3 months. During this time, you may draw down as much or as little as you need


Each loan is repaid monthly over an amount of time (between 1 and 36 months). After the first month has elapsed, you can repay your loan early without penalty


Upon expiration of your credit line, you may request a rescore. We reassess your information and determine if we can offer a larger sum of finance

Payment Calculator

  • Amount
    $ 100,000
  • Time
    12 months


Monthly repayment

For illustrative purposes only. The example shown above is based on an average Spotcap customer. We base our decisions on several criteria and loans can only be granted to borrowers who can afford repayments. For more information about responsible lending click here or contact us directly.

Our customer reviews

How to apply for a loan from Zip Business


Tell us about yourself and your business


Receive your decision within one working day


Accept your offer and receive your funds

Qualification criteria

Australian business

Annual turnover of +$200k

Trading for at least 18 months

Profitable business

Business loan calculator

Monthly repayment


  • Amount
    $ 100,000
  • Time
    12 months
For illustrative purposes only. The example shown above is based on an average Spotcap customer. We base our decisions on several criteria and loans can only be granted to borrowers who can afford repayments. For more information about responsible lending click here or contact us directly.

Useful Information

  • What is an unsecured business loan?

    An unsecured business loan is financing that doesn’t require the borrower to put down collateral as a guarantee — e.g., expensive machinery, vehicles, or property.

    With unsecured business lending, applicants are assessed based on their real-time business data and their projected ability to pay back within the loan’s term. This type of loan is also faster to set up and repayment can last up to 24 months.
  • Why don’t I need to provide security?

    Lenders offering secured loans use high-value assets as a safety net against the possibility of the borrower defaulting on the loan. It’s a way for them to protect themselves against risk. Security is most commonly used either when the loan amount is high or when the lender has limited access to information about the applicant’s business. Many secured lenders rely on credit scoring and historical data, which can quickly become out of date or don't provide a detailed enough picture.

    Unsecured lenders like Spotcap take a different approach — we use technology to get a better understanding of a business’s circumstances. Rather than rely only on credit scoring, we review real-time business data which gives us a more holistic, detailed and objective view of your business’s health and performance in the current moment.

    As a result, not only can we provide financing without collateral, we can also reach a decision faster (within one working day), saving you valuable time and enabling you to take advantage of opportunities quickly.
  • Who is an unsecured business loan for?

    An unsecured business loan is beneficial for businesses which don’t own tangible high-value assets — the reality is that many small and medium-sized businesses in Australia only need a rented space, some small pieces of equipment and inventory. For this type of enterprise, secured business loans are challenging to get, which can interfere with their ability to grow or even operate.
  • What’s the difference between a business loan and a line of credit?

    Business loans are often term loans, meaning they provide a single amount of credit that needs to be repaid within a set time. Interest and fees are included in the repayment schedule. Loans are generally of higher amounts compared to credit lines, and with a fixed repayment schedule businesses can predict their payments each month. The tradeoff is that borrowers have limited flexibility, and still pay for interest on the whole loan amount even if they haven’t used all of it.

    Business lines of credit give a borrower more flexible access to funding. A lender agrees on a maximum amount of credit(e.g. $500k) from which a borrower can withdraw as much or as little as they need, until they have reached its limit. Repayments are then based only on the funds that have been withdrawn.

    Spotcap’s approach combines these two types of financing. When approved, you gain access to a line of credit of up to $500k, which will be available for up to three months. You will not be charged for the credit line until you draw down funds, meaning that you can adjust your plans without incurring costs even after you’ve been approved. Once you draw down, each withdrawal becomes a separate business loan, which has its own repayment schedule that can last up to 24 months.
  • What should I consider before applying?

    While an unsecured business loan has many use cases, there are certain situations when another financial arrangement might be better suited to your needs.

    You need a more substantial long-term investment. For example, you might be in the process of purchasing property for your enterprise. While our credit lines can extend up to $500,000, this might not be enough to cover all of the expenses as a sole source of financing. Instead, you could combine it with another type of financing, or use it to partially refinance an existing loan. The best course of action is to consult with a financial advisor to make the most of your options.

    Your business is at a start-up stage or is very young. If your company has operated for less than 18 months, our financing wouldn’t be suitable for your situation.
  • What are the fees with a Spotcap loan?

    There are no application fees, meaning you will bear no costs for being approved for the credit line.

    There are no early repayment fees. After one month from drawing down, you can repay the full credit amount without incurring any penalties. This gives you the option to turn the credit line into a short-term facility.

    The cost of financing with us includes the loan’s interest rate — which is based on your risk profile — and a drawdown fee that is charged per withdrawal as a percentage of the borrowed amount. Click here to learn more about our pricing.
  • Can I contact someone with more questions?

    Our customer support team is happy to assist you with your application or any further questions. You can also read more at our FAQ page .