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 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 – Powered by Business Fuel.
from 14.00% p.a.
Details on application
$0
Loan
Secured or Unsecured
$10,000
$500,000
3 months
3 years
Weekly
1 year
$120,000
From 24 hours
From 24 hours
From 24 hours
All industries supported.
Loans up to $100K: No upfront collateral required Loans between $100K to $200K: Borrower must be a property owner Loans over $200K: Borrower must be a property owner, and the loan will be secured
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.
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.
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.
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:
You may also be required to provide more documents if security is required.
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.
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.
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.
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.