Bizcap business loans

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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.

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Mozo's Bizcap business loan review

Unsecured Business Loan

Interest rate
On Application
Upfront fee
3%, starting at $399
Funding speed
from 3 hours
Go to site
  • 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

Our verdict

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.

Where do I get it? Visit Bizcap's website to apply
Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more bank business loans here.
Last updated 4 December 2024 Important disclosures

Bizcap business loans

  • 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

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Business loan quick links

FAQ

How do I apply for a Bizcap Fast Business Loan?

You can apply online through Bizcap's website in under 5 minutes. You'll need:

  • An active ABN
  • Business bank statements
  • Basic business information
  • Personal identification documents
What are the minimum requirements for a Bizcap Fast Business Loan?

To qualify, you must:

  • Have an active Australian Business Number (ABN)
  • Be trading for at least 4 months
  • Have a minimum monthly revenue of $12,000
  • Provide a personal guarantee from directors/shareholders
How quickly can I receive funds from Bizcap?

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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