GetCapital is leading non-bank lender headquartered in Sydney and is focused on the financial needs of Australian businesses. It provides a variety of business loans, designed to help Aussies manage their working capital, purchase new inventory and fund big projects.
Thinking of getting a business loan but not sure how much you need exactly? Well GetCapital allows flexible borrowing that might fit your exact needs. Check out the features, fees, rates and processes that are involved with a GetCapital business loan below.
from 0.87% per month
$3.85 weekly direct debit fee
Principal & Interest
within 24 hours
within 24 hours
For loans approved and funded by the 15th of October the 2.00% upfront establishment fee is waived.
Minimum 9 months business trading and minimum $120,000 annual turnover or $10,000 per month of sales.
With GetCapital, you might opt for a term loan or a line of credit, depending on what works for your funding needs. Interest rates are determined by your business’ financial and operational situation, as well as the type, length and amount of the loan.
GetCapital doesn’t have any setup fees or on-going servicing fees, but they do have a couple of simple and standardised fees to look out for:
GetCapital is a 100% online application process, so it’s quick and easy. You’ll need to answer a series of questions about your business and it’s finances. You’ll also need to send in some paperwork about your business such as bank statements. Once you’ve provided all the necessary information, you can be approved in as little as 24 hours.
GetCapital business loans have a couple of requirements before you are ready to apply, including: