Meet Scottish Pacific: Business lender with an X factor

By Katherine O'Chee · · 3 min read
Fact Checked
Advertiser disclosure

For businesses in a tight financial spot or ready to grow to new heights, extra funding may be the X factor you need to help your company thrive. 

But if the thought of applying for a big bank's business loan leaves you dreading the paperwork and long wait times, you’ll be pleased to know your options go beyond traditional lending. 

Say hello to Scottish Pacific. This fintech lender is committed to providing working capital solutions without the hassle. It offers a variety of finance options depending on your business purpose, whether it's buying new equipment or importing goods from an overseas supplier. 

So, if you’re after a cash flow boost, ScotPac could be the answer. But before you dive in, we’ve covered a few other big questions about the non-bank lender. 

Who is Scottish Pacific? 

Since 1988, Scottish Pacific has aimed to give business owners in Australia and New Zealand a better chance at success, by providing them with access to secured working capital loans. 

With this 32 years of experience, ScotPac has adapted to market trends over time, recently expanding its services to trade and asset finance to cater for more business cash flow needs. 

Unlike the big banks, Scottish Pacific uses an innovative digital platform which makes the process of securing extra finance much quicker and less stressful. For instance, its online Solution Finder tool promises to take just two minutes of the customer’s time to help them decide on the right funding option for their business. 

What loans are available with Scottish Pacific? 

You’ll find yourself spoiled for choice, as Scottish Pacific offers a wide range of finance options. These include: 

- Invoice finance: a line of credit secured against unpaid invoices, so you won’t need to wait on slow or late paying clients before receiving a cash advancement.

- Trade finance: a line of credit to support companies with purchasing, importing and exporting goods domestically or internationally.

- Equipment finance: financing to facilitate new asset purchases, such as equipment, machinery and vehicles.

- Asset finance: additional funding secured against business assets to boost your working capital. 

What features come with Scottish Pacific’s invoice finance? 

If you’re interested in ScotPac’s invoice finance, here’s a quick rundown of its key characteristics: 

- Interest rates start from 6% p.a.

- Funding amounts range from $10,000 all the way up to $100 million

- There are no ongoing or transaction fees, but an upfront fee could be charged.

The good news, Scottish Pacific doesn't always require applicants to have a minimum trading history. In other words, start-ups and new businesses can also qualify for a loan, given that they have turnover. 

How does the application process work? 

Securing funds with Scottish Pacific takes a few steps. To get in touch, you can either contact ScotPac directly (via online live chat or over the phone) or through a business advisor, before undergoing an application process that can take as little as 10 minutes. This will confirm whether your business is eligible for ScotPac’s product suite and whether it has a finance option that best fits your needs.

After that, ScotPac will work through credit submissions and look to establish a drawdown facility for your business. 

You can also wave goodbye to waiting for weeks on end to hear back. Businesses can be approved on the same day, with funding to arrive in 24 hours from approval. 

Next steps for Scottish Pacific? 

Scottish Pacific has said it will continue to focus on building cash flow solutions for business owners. This involves a plan of digital transformation, which will soon see customers experience its entire loan process, from quote to settlement, all online. 

Curious to see how Scottish Pacific’s small business loans weigh up against other offers in the market? Then make your first stop our business loans comparison table where you’ll be able to compare interest rates, fees and other features.

Business loans 2020

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 81 products
Last updated 24 May 2025Important disclosures

Refine the list of business loans

Let’s help find you a great business loan...
  • About ScotPac
    Boost Business Loan

    Whether you’re looking for a quick cash boost for your business or are ready to invest in growth, ScotPac offers a range of unsecured and secured loans from $10,000 up to $500,000. For loan terms of 6 months to 3 years. No application or account keeping fees to pay. Funds available in 24 hours or less once approved. Repayment options available.

    Interest Rate
    Upfront Fee
    Funding speed
    On application
    Details on application
    From 24 hours
    Go to site
    Details
  • About Prospa
    Prospa Plus Business Loan

    Prospa uses risk-based pricing to determine your interest rate. They look at factors including your industry, years in business, cash flow, creditworthiness and the overall financial health of your business.

    Interest Rate
    Upfront Fee
    Funding speed
    Interest rates vary based on risk.
    3.5%
    from 24 hours
    Go to site
    Details
  • About Bizcap
    Unsecured Business Loan

    Business Loans from $5,000 to $5,000,000 with high approval rates. Access to funds on loans up to $500,000 in as little as 3 hours. Cash flow friendly repayments and open minded offers.

    Interest Rate
    Upfront Fee
    Funding speed
    On Application
    3%, starting at $399
    from 3 hours
    Go to site
    Details
  • About Regional Australia Bank
    Mortgage Secured Commercial Loan

    Use your property as collateral to meet your business needs. Offers repayment terms up to 30 years for residential security and 15 years for commercial/rural security. Provides interest rates that are tailored to your business needs. Choose from Principal & Interest, Interest Only, or Interest in Advance repayment options.

    Interest Rate
    Upfront Fee
    Funding speed
    On application
    On application
    Varies
    Find out more
    Details
  • About Regional Australia Bank
    Self Managed Super Fund Loan

    A loan to help your fund grow. Borrow for up to 25 years for residential properties or 15 years for commercial or rural properties. No monthly service fees, so you can save more for your retirement. Approval fee applies.

    Interest Rate
    Upfront Fee
    Funding speed
    On application
    $1,500
    Varies
    Find out more
    Details

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.