GetCapital Review


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Natalie

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Our review of GetCapital


GetCapital offers a variety of loan products to Australian businesses that range from $5,000 to $500,000 over terms of one to five years. GetCapital provides loans to established businesses; most loans require a minimum trading time of two years. Each type of loan has its own eligibility criteria, fee model, and borrowing limits.

GetCapital Business Cashflow Finance


Working Capital LoanBusiness OverdraftTerm LoanImport Line of Credit
Amount$5,000 - $500,000$25,000 - $500,000$25,000 - $500,000$10,000 - $500,000
Maximum Term2 years5 years3 yearsRevolving
FeesEstablishment Fee$395 annual feeNone1.5% drawdown fee
RepaymentsWeeklyWeekly or MonthlyWeekly or MonthlyWeekly
Annual Turnover$100,000$250,000$250,000None Listed
Trading History9 months3 years3 years3 years

How to apply for business finance with GetCapital


You can apply for a loan or equipment finance with GetCapital online through a fast pre-approval process. When you click “Apply Now” you’ll be shown a form that will ask you for the following details:

  • Your name 
  • Business name and contact details 
  • Monthly turnover 
  • Trading history 

Your credit score is unaffected by finance pre-approvals and you’ll hear back within a few hours. If you are pre-approved for finance you’ll then be asked to supply additional information. 

For all applications, you’ll need to supply the following documents:

  • Photo identification 
  • Completed application form 
  • Bank statements 

If your loan is over $150,000 you’ll be asked to supply additional documents:

  • ATO details 
  • Financial statements, such as profit and loss statements 

GetCapital Loan Information

Loan TypeBusiness Loan
Loan Amount$5,000 - $500,000
Loan Term12 - 24 months
Approval Time24 hours

GetCapital Working Capital Loan Overview


GetCapital offers secured and unsecured working capital loans from $5,000 to $500,000. The amount you can borrow will depend on your business turnover. The terms for loans range from one to two years

No collateral or financials are needed for loans up to $150,000. However, you will need:

  • A minimum trading history of nine months 
  • A minimum annual turnover of $100,000

A working capital loan is suitable if you have an established business. You could be seeking to expand your operations or simply want to pay your bills. The loan can be used for any business purpose

To redraw from your working capital loan, you will need to contact GetCapital. You can apply to redraw after 15 weeks of your initial agreement, and doing so will require a simple assessment by the lender.

Here’s an example:

  • Your total loan amount is $100,000 
  • You pay off $20,000 after 15 weeks, leaving an $80,000 principal left to pay 
  • This $20,000 may be redrawn

GetCapital Working Capital Loan Review

Approval Speed24 hours
Minimum Loan Amount$5,000
Maximum Loan Amount$500,000
Minimum Term12 months
Maximum Term24 months
Minimum Trading History9 months
FeesEstablishment Fee
Minimum Annual Turnover$100,000
Redraw OptionYes - after 15 weeks
RepaymentsWeekly

GetCapital Business Overdraft Overview


You can apply for a business overdraft from GetCapital between $25,000 and $500,000. The term of the overdraft lasts for five years and can be redrawn as a line of credit. There is an annual fee of $395 for keeping the business overdraft open. 

To be eligible for a business overdraft your business must meet several criteria:

  • Minimum annual turnover of $250,000
  • Business has been in operation for at least three years 
  • A good credit history

A business overdraft is worth considering if you want to free up precious cash flow in your business. You can use the overdraft to pay for essential expenses such as:

  • Wages 
  • Invoices 
  • Stock or inventory 
  • Bills 

You can access and manage your business overdraft with GetCapital Online, which is the company’s online portal. With this service, you can:

  • Transfer funds from your GetCapital overdraft to your bank accounts 
  • Pay down your overdraft from your bank accounts
Money Tip

Transfers between your accounts are processed the same business day, with funds available the next business day.

Repayments for a business overdraft are calculated on a 24-month rolling basis with a minimum repayment amount. Here’s how the repayments are structured:

  • You draw down an initial $100,000 
  • You opt for weekly payments 
  • Your minimum weekly repayments are 0.96% of the principal amount ($960) 
  • The next time you draw down, the total principal amount is rescheduled again over a new 24-month period 

You can also choose to make additional payments to reduce your balance and the amount of interest charged.

GetCapital Business Overdraft Review

Approval Speed24 hours
Minimum Overdraft Amount$25,000
Maximum Overdraft Amount$500,000
Overdraft Term5 years
Minimum Trading History3 years
Fees$395 annual fee
Minimum Annual Turnover$100,000
Redraw OptionYes
RepaymentsWeekly or Monthly

GetCapital Term Loan Overview


Term loans from GetCapital range from $25,000 to $500,000 over a term of up to three years. There are no establishment or yearly fees charged for term loans. The eligibility criteria for a term loan from GetCapital are:

  • Minimum annual turnover of at least $250,000 
  • Three years of trading history

Unlike a working capital loan, there are no establishment fees, and you are given up to three years to repay your loan amount.

GetCapital Term Loan Review

Approval Speed24 hours
Minimum Loan Amount$25,000
Maximum Loan Amount$500,000
Term3 years
Minimum Trading History3 years
FeesNone
Minimum Annual Turnover$100,000
RepaymentsWeekly or Monthly

GetCapital Import Line of Credit Overview


GetCapital offers a business line of credit from $10,000 to $500,000. There are no minimum or maximum terms as it works as a revolving credit facility. There is a 1.5% fee each time you draw down on the line of credit. 

An import line of credit is suitable for your business if you commonly pay overseas suppliers. You need two years of trading history if you secure your line of credit with property, or three years of trading history without using security.


Money Tip

You can only use an import line of credit to pay overseas suppliers. You cannot use it to pay domestic suppliers.


The credit line helps to ease cash flow as GetCapital will finance 100% of the invoice value. Funds can take up to three days to reach suppliers overseas. 

To set up the line of credit you’ll need to supply the following:

  • Completed application form 
  • Six months of bank statements 

To access your line of credit use GetCapital’s online portal and upload the following documents:

  • Supplier invoice 
  • Completed transaction request 

GetCapital Import Line of Credit Review

Approval Speed24 hours
Minimum Loan Amount$10,000
Maximum Loan Amount$500,000
TermRevolving
Minimum Trading History3 years (or 2 years with property)
Fees1.5% drawdown fee
RepaymentsWeekly

GetCapital Equipment Finance


Vehicle Finance        General Equipment FinanceFit-Out Finance     
Maximum Amount    $300,000$300,000$300,000
Term5 years4 years3 years
Establishment Fees$499 $499 $499
RepaymentsMonthlyMonthlyMonthly
Annual Turnover$250,000$250,000$250,000
Trading History2 years2 years2 years

Qualifying Criteria


You can qualify for equipment finance if your business has:

  • Two years of trading history 
  • An annual turnover of at least $250,000

The application requirements for equipment finance will depend on the loan amount:

  • Loans up to $75,000 only require bank statements and can be unsecured 
  • Loans between $75,000 and $150,000 require collateral and bank statements 
  • Loans between $150,000 and $300,000 require collateral and a full-doc application

The following documents are required for equipment finance:

  • Completed application form 
  • 6 months of bank statements 
  • Vendor invoice 
  • Identification 

GetCapital Vehicle Finance Overview


GetCapital’s vehicle finance allows you to borrow up to $300,000 to purchase vehicles for your business. Vehicle finance loans have a maximum term of five years. A one-time establishment fee of $499 applies. 

You can purchase a range of vehicles with vehicle finance provided they are used for business purposes. You can finance:

  • Cars 
  • Vans 
  • SUVs 
  • Specialty vehicles 

GetCapital Vehicle Finance Review

Approval Speed24 hours
Maximum Loan Amount$300,000
Maximum Term5 years
Minimum Trading History2 years
Fees$499 establishment fee
RepaymentsMonthly

GetCapital General Equipment Finance Overview


GetCapital offers general equipment finance up to $300,000. The loan has a term of up to four years with an establishment fee of $499

General equipment finance is suitable if you want to purchase first and second hand assets for your business. You can finance:

  • Office equipment 
  • Trailers 
  • Computers and IT goods 
  • Manufacturing supplies 
  • Other equipment with valid serial numbers 

GetCapital General Equipment Finance Review

Approval Speed24 hours
Maximum Loan Amount$300,000
Maximum Term4 years
Minimum Trading History2 years
Fees$499 establishment fee
RepaymentsMonthly

GetCapital Fit-out Finance Overview


GetCapital offers fit-out finance up to $300,000. The loan has a term of up to three years with an establishment fee of $499

Fit-out finance is appropriate for financing set-up and operation of a business, and is suitable for:

  • Retail Stores 
  • Factories or Warehouses 
  • Medical Facilities 
  • Restaurants or Cafes 

Interested in Fit-Out Finance? You can learn more in our Business Fit-out Finance guide.

GetCapital Fit-out Finance Review

Approval Speed24 hours
Maximum Loan Amount$300,000
Maximum Term3 years
Minimum Trading History2 years
Fees$499 establishment fee
RepaymentsMonthly

Money.com.au GetCapital Summary


GetCapital is an Australian company that specialises in lending to established businesses. GetCapital offers a variety of loan products to suit different commercial objectives:

  • Cashflow Finance is suitable for companies who want access to a lump sum or line of credit to cover daily expenses or expand their operations 
  • Equipment Finance is specifically for the purchase of vehicles, tools, or fitting out business premises

GetCapital was founded in 2011 and has since then been recognised by the following organisations:

  • AFR’s Fast 100 
  • Deloitte’s Technology Fast50 
  • Smart Company’s Smart50 
  • Deloitte’s Asia Pacific Technology Fast 500 

The reviews for GetCapital on the review site Trustpilot are overwhelmingly positive. Out of 376 reviews, 91 percent of people rated the company as “excellent”, earning the company a five star rating out of five. 

Customers of GetCapital praised for the company the following:

  • Excellent customer service 
  • Simple application process 
  • Prompt and helpful 
  • Easy-to-use client portal