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The ranking on this site is determined by Top Business Lenders at its sole discretion, based upon, inter alia, accessibility of the various sites, scope of the services offered and other factors. The ranking should NOT be relied upon for accuracy purposes. To provide you this service free of charge, we embed links to the provider sites that assign us referral commissions. We guarantee that this arrangement does not cause any bias to the offers we display, although it may impact the ranking structure. Terms of Use

Captrove Review 2019

Established 2016

Address Adelaide, Australia

4.6
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Loan Period

3 - 12 months

Loan Range

$5,000 - $60,000

Pros

  • Fast & simple process
  • Small loans available
  • Young businesses can qualify
  • Transparent process

Cons

  • Not for large loans
  • Daily/weekly debits
  • Only one product

Bottom Line

If you’re looking for an unsecured business loan, and don’t need huge sums of money (<$60k) - CapTrove provides a fast and simple way to get the funds you need in a totally transparent process.

Check if you Qualify for a Captrove loan

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Who are Captrove?

CapTrove Review 2019

Who is CapTrove? 

CapTrove is part of Credit Corp Lending, which officially launched in November 2014 and wrote its first loan in February 2016 as Trove Capital. The business rebranded to CapTrove in November 2017 and has been trading under this name ever since. 

Australian businesses with just 6 months in trading can utilise their services to receive funding in the form of an unsecured business loan up to $60,000. The repayment options are conveniently flexible and are specifically designed to match your cash flow with daily or weekly debits. The overall application process is simple and fast and we like how transparent the company is, providing its fees upfront and going into great detail in its privacy policy. 
 

Which services does CapTrove offer?

Type of Loan - Unsecured business loan

Repayment Terms - 3 - 12 months

Amount: $5,000 - $60,000

Rates: Competitive - exact cost varies from business to business


What do you need to apply?

In order to apply for a CapTrove business loan, your business will need to have a minimum of 6 months in business and generating at least $5,000 per month. You'll need to fill in some basic business details along with your recent business bank statements from your business's main trading account. 


How does the application process work?

The CapTrove application is entirely online and can take just a few minutes to complete. You’ll need to fill out details of your business and provide your recent business bank statements. Team members are available to speak with if you need assistance along the way. 

Is CapTrove trustworthy?

CapTrove is committed to ensuring that the privacy of your information is respected and is bound by the Privacy Act 1988 (“Act”), the Australian Privacy Principles (“APP”), the Credit Reporting Privacy Code (“CR Code”) as well as other applicable laws and codes.

 

Customer support

CapTrove has a friendly customer support team that you can contact via phone, email, a form or even via chatbot during business hours. 
 

What We Like Best:

  • Great for startups (only need 6 months in business)

  • Fast & simple process

  • Cash within 24 hours of approval

  • Transparent - all fees are stated clearly
     

Final verdict

If you’re looking for an unsecured business loan, and don’t need huge sums of money (<$60k) CapTrove provides a fast and simple way to get the funds you need in a totally transparent process.

 

Please note that all information provided in this review is accurate at the time of publication and is subject to change. The information contained in this review is provided for informational purposes only, should not be construed as legal advice on any subject matter and should not be relied upon as such. The reviewer accepts no responsibility for any consequences whatsoever arising from the use of such information.