Grow your success with a business line of credit
Benefit from a business loan of between $10k and $500k. It all starts with an online application taking just 5 minutes.
Easy to apply
Apply online in just five minutes. There’s no time wasting on unnecessary paperwork or meetings.
We’re what you need
Enjoy an extremely versatile approach to business loans, including flexible drawdowns and repayment schedules of up to 36 months.
Helping your business grow
We make finance accessible to small and medium-sized businesses with ambitions to thrive and grow.
Safe and secure
We protect your loan application data with cutting-edge technology that’s as safe as that of a bank.
What is a business line of credit and how does it work?
A line of credit is more cost-effective than a regular loan because you only pay interest on what you borrow. When we approve your application, we give you a line of credit. This is finance you can borrow from us, as and when you need it.
Your line of credit will be capped at no more than $250k. It’s your choice how much of that you borrow, and you can draw it down in amounts that suit you. When you do draw down some or all of the finance, that drawdown becomes a business loan.
To help you keep track of your finance, we give you an easy-to-use online dashboard to manage your line of credit and drawdowns.
What is a business line of credit and how does it work?
A line of credit is more cost-effective than a regular loan because you only pay interest on what you borrow. When we approve your application, we give you a line of credit. This is finance you can borrow from us, as and when you need it.
Your line of credit will be capped at no more than $250k. It’s your choice how much of that you borrow, and you can draw it down in amounts that suit you. When you do draw down some or all of the finance, that drawdown becomes a business loan.
To help you keep track of your finance, we give you an easy-to-use online dashboard to manage your line of credit and drawdowns.
Why is a line of credit better for my business?
A line of credit from Zip Business Loans is much more versatile - and gives you more control - than a traditional business loan because:
- You only borrow and pay interest on the funds you need.
- You can repay early without being charged any penalties.
- There is no cost to set up a line of credit, because you only pay when you draw down.
Another benefit of a Zip Business line of credit is that we don’t ask for any property or other asset security. This is made possible through our unique, rigorous credit assessment process which allows us to offer finance on an unsecured basis.
What can I use my line of credit for?
You choose how to use the finance we make available to your business through a line of credit. You can use it to:
How can a line of credit benefit my business?
You have ongoing access to finance as you need it
A business line of credit gives you easy access to funds, as and when you need them. You can use these funds for a range of business purposes, including paying suppliers, settling tax bills or ensuring your staff get paid on time.Quick, simple online application process
Unlike applying for a loan from a traditional provider, applying with Spotcap is fast and efficient. Spotcap provides tailored financial solutions allowing business owners to focus on what really matters - their business.You only pay interest on what you borrow
Interest is only charged on the money you draw down from the line of credit, and over the period for which you borrow it. You can save on interest by repaying early, which you can do without any penalty fee.
The essential facts about a Zip Business line of credit
A Zip Buisness line of credit takes business loans to a new level of flexibility. You can draw down what you need, as you need it, repay early at no extra cost, and increase the amount you borrow by submitting new information about your recent business performance.
Line of credit repayment calculator
$14,951
Monthly Repayment
Monthly Repayment
$14,951
How can I apply for a Zip Business line of credit?
Sign up
To start the online application for a line of credit, input your basic personal and business information.
Complete the application
Finalising your application includes linking your accounting software or uploading the required financial statements.
Get approved
Once your application is approved, you’ll get access to funds within 24 hours.