Use a line of credit to grow your business
$10,000 – $500,000
Refresh your inventory, refurb your premises, grow your products, enter new markets
Repayment up to 5 years
Get a decision within 24 hours
Choose flexible weekly, fortnightly or monthly repayments. No early repayment fees
Draw-down fee and interest applied only to withdrawn funds. No establishment fees
Interest-Only repayment option of up to 6 months
How it works
Apply online in 5 minutes
It takes just 5 minutes to get your application started.
Decisions within 24 hours
We guide you all the way to help make it a smooth process.
Access your line of credit
Approved funds within one working day.
You choose what you use
Only pay interest on withdrawn funds.
Estimate your repayments
Amount
$250,000
Duration
30 months
$10,410
Monthly repayment
$62,294Interest$312,294Total
For illustrative purposes only. The example shown above is based on an average Zip Business Capital customer. We base our decisions on several criteria and loans can only be granted to borrowers who can afford repayments. Find out more here on responsible lending or our code of conduct.
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Zip Business Capital FAQs
What is Zip Business Capital?
Zip Business Capital provides business finance in Australia and New Zealand. We supply unsecured loans to qualifying firms, on the basis of a quick yet rigorous credit assessment of a firm's financial condition, using a combination of a unique proprietary credit algorithm and expert underwriters.
Who is Zip and Spotcap?
Zip Co is a leading Australian fintech that offers point-of-sale credit and digital payment services to consumers and merchants. Spotcap Australia & New Zealand were acquired by Zip Co (ASX: Z1P) in September 2019. Spotcap has been lending to Australian small businesses since 2015 and has originated over $200 million in credit lines to small businesses.
How is Zip Business Capital different from other lenders?
Zip Business Capital makes quick, sound decisions when offering loans, based on a proprietary credit algorithm that provides us with deep insight into the financial condition of a business.
We don't just rely on a backward-looking credit score - we also evaluate your real-life business and cash flow data. Our facility is flexible, meaning you can draw down as you need funds and you will only ever be charged for the funds you use.
How can I use a loan from Zip Business Capital in my business?
You can use the funds you borrow from us for any purpose related to your business. This can include hiring new staff, launching a marketing campaign, purchasing inventory or buying new business equipment.
Who can apply for a Zip Business Capital business loan?
We consider applications from businesses that are registered in New Zealand, have been operating for at least 18 months with an annual turnover of at least $200k and have a New Zealand online bank account.
Questions about the facility
How do I apply for a credit line?
Zip Business Capital provides business finance in Australia and New Zealand. We supply unsecured loans to qualifying firms, on the basis of a quick yet rigorous credit assessment of a firm's financial condition, using a combination of a unique proprietary credit algorithm and expert underwriters.
How much can I borrow?
Zip Business Capital provides credit lines of between $10k and $500k to businesses trading in Australia for at least 18 months with an annual turnover exceeding $200k
What business loan product is available from Zip Business Capital?
The Zip Business Capital product is a hybrid of a line of credit and a business loan, designed to meet the needs of today's businesses.
A line of credit is a business finance arrangement giving you flexible access to funds you can borrow as a loan. Your application is assessed thoroughly and if a line of credit is approved, funds are made available for a limited time for you to draw down. You need only use what you require, as it is needed.
Your line of credit typically is accessible for between one and three months, with the ongoing possibility to renew. During this period, you can draw down as often as you like, up to your approved limit. Each sum you draw down becomes a separate business loan repayable in weekly, fortnightly or monthly principal and interest instalments, spread over 6 to 60 months.
When the initial line of credit term of up to 3 months is completed, you continue to repay, in monthly, fortnightly or weekly instalments, the funds you borrowed. Interest is only charged on the amounts you draw down, not on the total value of the credit line.
A line of credit is a business finance arrangement giving you flexible access to funds you can borrow as a loan. Your application is assessed thoroughly and if a line of credit is approved, funds are made available for a limited time for you to draw down. You need only use what you require, as it is needed.
Your line of credit typically is accessible for between one and three months, with the ongoing possibility to renew. During this period, you can draw down as often as you like, up to your approved limit. Each sum you draw down becomes a separate business loan repayable in weekly, fortnightly or monthly principal and interest instalments, spread over 6 to 60 months.
When the initial line of credit term of up to 3 months is completed, you continue to repay, in monthly, fortnightly or weekly instalments, the funds you borrowed. Interest is only charged on the amounts you draw down, not on the total value of the credit line.
What are the costs?
You are charged interest on the funds you draw down. Interest is charged only on your outstanding balance. The rate of interest we charge is based on your risk profile.
Additionally each time you draw down there is a 3% drawdown fee. There are no other costs, no establishment fees, no direct debit fees, nothing else to pay.
Additionally each time you draw down there is a 3% drawdown fee. There are no other costs, no establishment fees, no direct debit fees, nothing else to pay.
What if I want to pay back early?
Just give us a call on 1800 10 70 10 and we will provide an early payout amount. This will include the principal outstanding and only the interest outstanding for your current payment period. No early break fees.
Any more questions?
Please do not hesitate to contact us either by phone on 1800 10 70 10 or email [email protected]