Your selected small business
Bizcap is an Australian fintech that positions itself as the country's most open-minded business finance provider. Founded with a focus on supporting small and medium enterprises, Bizcap has funded over $1 billion in loans across more than 25,000 small businesses. Operating primarily through digital channels, this provider has aimed to differentiate itself by offering rapid approvals and taking a more flexible approach to credit assessment than traditional lenders.
Fast approval process with decisions in as little as 3 hours
No upfront credit checks required for initial assessment
Same-day funding available for approved loans
Flexible repayment options with daily or weekly payments
Higher interest rates compared to traditional secured loans
Short loan terms of 3-12 months only
Bizcap's Fast Business Loan offers a rapid approval process, with applications taking under 5 minutes to complete and decisions made within 3 hours. The loan serves businesses needing urgent access to capital, with amounts ranging from $5,000 to $500,000.
The initial assessment process doesn't require an upfront credit check, making it accessible to businesses that other lenders may have previously been declined. While a credit check is performed before final approval, this approach allows businesses to explore the loan option first.
The loan structure offers daily or weekly repayment options, which can help businesses manage their cash flow. For loans up to $30,000, no upfront security is required, though the lender does require a personal guarantee from directors or shareholders. For amounts above $30,000 or in cases of default, Bizcap will take a charge over property (the lender takes possession of and sells a security asset if the borrower fails to repay the debt).
The eligibility criteria requires 4 months of trading history and a minimum monthly revenue of $12,000. While unsecured interest rates are higher than secured loans, the speed and flexibility of funding can make this a practical option for businesses needing quick access to capital or those that may not qualify for big bank financing.
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.
Your selected small business
You can apply online through Bizcap's website in under 5 minutes. You'll need:
To qualify, you must:
After approval, funds can be available the same day for Fast Business Loans. Applications can be approved within 3 hours of submission if all required documentation is provided.
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