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Businsess Loans > Lender Reviews > Bizcap
Founded in Melbourne, Australia 2005, Bizcap specializes in offering short-term business loans up to $600,000 for small businesses in Australia. They can fund businesses with existing loan balances and often approve loans within 3 hours.
Loan Details:
- Loan Term: 3-24 months
- Loan Amount: $5,000 - $600,000
- Pros:
- Unsecured loans
- Simple loan renewal process
- Minimal documentation required
- Cons:
- Not suitable for startups
- Limited range of products
- No personal loan options
Bizcap provides short-term business loans up to $600,000 for small businesses across Australia. With a high approval rate of 95%, they can also handle second position deals and do not require existing loan payoffs. Customers can renew their loans once 50% of the initial balance is repaid, potentially accessing higher amounts or lower rates with a good repayment history.
Advantages:
- Unsecured loans
- Hassle-free renewal process
- High approval rate
Services Offered by Bizcap:
- Type of Loan: Unsecured business loans
- Repayment Terms: 3-24 months
Application Requirements:
- Minimum monthly income of $10,000
- At least 6 months in operation
- Current and valid ABN
- Valid Australian driver's license
- 3 months of bank statements for loans up to $100,000
The loan application is quick and can be completed online in just a few minutes or over the phone if preferred. As a direct lender, Bizcap can approve and fund loans in as little as 3 hours.
Bizcap ensures the protection of all customer information and is a member of FinTech Australia.
Bizcap offers various contact methods, including phone, email, and a website form. They also provide a live chat option with lending specialists during regular Australian business hours. Their support team is highly responsive and operates extended hours.
For summary, Bizcap provides small businesses in Australia with short-term loans up to $600,000, including those with existing loan balances, often with approval within 3 hours.
