BUSINESS FINANCE / BOOST BUSINESS LOANS
Fuel your business with a Boost Business Loan.
Fast, flexible business loans from $10,000 to $500,000.
Give your business a cash boost!
We can help with our Boost Business Loan – powered by Business Fuel – for just about any reason. Unlike other loan products you may be familiar with, we fund based on average cashflow. We can lend up to 150% of your monthly sales. We have no industry restrictions, and we can lend up to $200k unsecured.
- Quick and simple funding options from $10,000 – $500,000
- We support all industries with the capital they need to grow, expand, renovate, pay invoices, purchase stock and equipment – ANY worthwhile business purpose!
- Minimal documents are required, and you will have direct access to the decision makers.
Simple and Fast Application
Apply Online
Upload statements
Receive funds
Secured Business Loans
Looking for a secured business loan? ScotPac offers business owners assistance in unlocking the equity in their home so they can invest in their business and access customised finance solutions.
Our Solutions
Business Loans
Fast, flexible and personalised Home Loans and Business Loans for Business Owners
- FAST SET UP – CONDITIONAL APPROVAL IN AS LITTLE AS 48 HOURS
- FLEXIBILITY ON DOCUMENTATION REQUIREMENTS
- USE YOUR RESIDENTIAL SECURITY FOR FUTURE BUSINESS BORROWING
Invoice Finance
Our Invoice Finance solution allows you to access the cash in your unpaid invoices
- LINE OF CREDIT WITH NO NEED FOR PROPERTY SECURITY
- UNLOCK THE VALUE IN YOUR INVOICES
- FACILITIES FROM $10K TO $150M
Asset Finance
Asset Finance helps by financing new and pre-owned equipment.
- FUNDING AVAILABLE IN AS LITTLE AS 24 HOURS
- FUND NEW AND PRE-OWNED ASSETS
- FUNDING FOR IMPORTED EQUIPMENT
Trade Finance
Trade Finance provides a cash flow injection to help manage the import or export of goods
- PAY OVERSEAS AND DOMESTIC SUPPLIERS
- INCREASE STOCK LEVELS AND EXTEND PAYMENT TERMS
- SELL TO OVERSEAS CUSTOMERS
Why ScotPac?
We help all industries reach their full potential
Frequently Asked Questions
HOW MUCH CAN I BORROW?
Between $10,000 and $500,000. As a general rule we can fund up to 100% of your average monthly sales. So, if you average $30,000 per month in sales we could lend you up to $30,000.
DO I QUALIFY FOR A LOAN?
To qualify for a business loan with us, you need to:
Have owned your Business and been trading in the same location for at least 12 months.
Demonstrate a minimum turnover of $10,000 per month in total sales.
WHEN WILL I RECEIVE MY FUNDS?
Once approved, funds can be available within 24 hours. In some cases, same day funding is available.
WHAT DOCUMENTS DO WE NEED TO PROVIDE?
6 months business bank statements.
Completed application form – this can be done here.
Photo I.D for directors / borrowers
Note: If security is required we may request documents relevant to this.
DO I NEED TO PROVIDE SECURITY?
More than 80% of our loans are unsecured, however, a strong asset base can assist in increasing the approval rate and loan amount.
All loans over $200,000 require security.
ARE THERE FEES AND INTEREST RATES?
There are no hidden fees and interest rates / charges for our business loans.
We have no application fees or account keeping fees. We offer a low, up front flat fee and drawdown fee structure that is paid off with your weekly repayments.
You can access your monthly statement at no extra cost through your customer portal to keep track of your loan and manage your budget.
HOW LONG DO I HAVE TO REPAY THE LOAN?
Our loan terms are generally between 6 – 24 months. However, each application is considered on a case-by-case basis to work with your industry and the cash flow of your business. There is no penalty for early payouts.
CAN I GET FUNDS TO START A BUSINESS?
No. You need to be trading for a minimum of 12 months and have records of consistent sales. However, if you are already trading and would like to purchase an additional franchise or open another location we can help.
HOW DO I GET STARTED?
Simply apply here or phone 1300 660 681 to speak to one of our experienced Lending Managers today!