Our review of Bizcap
Bizcap offers unsecured business loans between $5,000 and $600,000 to small businesses in Australia. Applications take 5 minutes to complete online and can be approved within 3 hours. Following approval from Bizcap, funds can be accessed within the next business day.
|Suitable if your business:||Suitable for businesses considering:|
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Bizcap provides unsecured business loans from $5,000 to $600,000. Finance can be used for various business purposes such as:
- Paying off debt
- Purchasing equipment
- Funding a marketing campaign
- Hiring staff
- Improving cash flow
Unsecured business loans can only be used for legitimate business purposes.
You can apply for an unsecured business loan with Bizcap online:
- Applications take less than five minutes to complete
- Applications can be approved within three hours
- Funds can be accessed the next business day
Repayments are structured around your business’s cash flow, and be scheduled as either daily or weekly instalments.
Bizcap Business Loan Review
|Loan Feature||Loan Details|
|Approval Time||24 hours|
|Minimum Loan Amount||$5,000|
|Maximum Loan Amount||$600,000|
|Minimum Loan Term||3 months|
|Maximum Loan Term||24 months|
|Repayments||Daily or Weekly|
Learn more about Unsecured Business Loans.
How to apply for a Bizcap Business Loan
You can apply for a Bizcap unsecured business loan online, and will need to supply the following information as part of the application:
- Three months of business bank statements
- Current ABN or ACN
- Valid identification, such as an Australian Driver Licence
Bizcap Business Loan Approval Criteria
|Minimum Monthly Gross Turnover||$10,000|
|Minimum Trading History||6 months|
How much does a Bizcap loan cost?
Bizcap lists limited information about their fees, interest rates, and penalties. However, the lender offers a risk-based repayment plan structured around the following metrics:
- Cash flow
- Payment history
- Business establishment date
- Assets owned
- Proposed use of funds
- The personal credit scores of directors
Repayments can be structured into either a weekly or daily schedule.
Money.com.au Bizcap Summary
Bizcap offers unsecured business loans for Australian companies. Loans range from $5,000 to $600,000 and are suitable for any business purpose. Loan approvals are dependent on the financial health of your business, including its assets and cash flow.
Bizcap has very positive reviews on Trustpilot, with respondents rating the company from “great” to “excellent.” People praised the company for its:
- Friendly customer service
- Quick turnaround times
- Helpful advice
Bizcap has operated since November 10, 2014, under the company name Guildfords Funds Management Pty Ltd.