ScotPac Business Loans

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From simple to complex, small to large, start up, growth or turnaround, ScotPac have a funding solution to meet every business type. Choose the largest non-bank lender in Australia to fuel long-term growth. With offices in Sydney, Melbourne, Perth, Adelaide and Brisbane, ScotPac have been providing award winning business finance solutions for a range of Australian small businesses for 35 years.

ScotPac business loans - what you need to know

ScotPac aren’t your typical business loan provider. Instead, they offer a unique lending model to suit the specific needs of Australian businesses and help their cash flow. ScotPac provides access to a variety of business finance solutions including Invoice Finance, Trade Finance, Asset Finance and Business Loans. 

Interested in learning more? Check out the table below for everything you’ll need to know about the key features and fees associated with ScotPac’s Boost Business Loan.

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FAQs about ScotPac

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How are ScotPac’s interest rates determined?

When it comes to the interest rates on invoice finance, ScotPac like to keep things as simple as possible for business borrowers with no hidden fees and interest rate charges.

What fees are there?

Aside from the interest rate itself, ScotPac customers don't have to worry about any application or account keeping fees. Instead, ScotPac has a low up-front flat fee and drawdown fee structure that is paid off as part of your weekly repayments. 

How does the ScotPac approval process work?

ScotPac understand the need for small businesses to have fast access to funding, which is why they’ve created a simple 10 minute application process. Eligible businesses can be approved on the same day they apply and have access to funding in as little as 24 hours. 

What do I need to be eligible?

While each individual business will be different, you may need to supply some general information depending on the type of ScotPac financing option you choose to apply for. 

That includes:

  • 6 months of business bank statements
  • Photo ID
  • A complete application form

You may also be required to provide more documents if security is required.

What features should I know about?

Funding from $10,000 to $500,000

ScotPac are serious about providing invoice financing to a range of Australia businesses, which is why they offer a range of funding from as little as $10,000 all the way up to $500,000. Typically they may fund up to 150% of your average monthly sales. So, if you average $30,000 per month in sales, ScotPac could lend you up to $45,000.

Receive funding within 24 hours

Businesses can even be approved on the same day and have access to funding within as little as 24 hours. Same day funding is also available. 

Support all industries

No matter your business ScotPac ensures you have access to the capital you need to grow, expand, renovate, pay invoices, and purchase stock and equipment.

No early payout penalties 

ScotPac loan terms range between 6-36 months, but you won't have to pay a fee for paying off your loan early. Plus, ScotPac considers your application to ensure that your business loan works with your cash flow and your industry.