bizcap.com.au FAQ

How quickly can I get a business loan from Bizcap?

Applications for Bizcap Fast and Small Business Loans can be approved within 3 hours and funded that same day. Other solutions can be issued in as little as 24 hours, provided all necessary documentation is supplied promptly.

What types of loans does Bizcap offer?

Bizcap specialises in providing fast and flexible business loans, including Fast Business Loans, Small Business Loans, Secured Business Loans, Bridging Finance, and Lines of Credit.

What is the maximum amount I can borrow from Bizcap?

Bizcap offers business loans ranging from $5,000 to $5,000,000. Lines of Credit are available up to $750,000.

What criteria do I need to meet to apply for a Bizcap loan?

To apply for Bizcap Fast and Small Business Loans, you generally need an active Australian Business Number (ABN), at least 4 months of trading, and a minimum monthly revenue of $12,000. Is bizcap.com.au Safe to Use?

Does applying for a loan with Bizcap negatively impact my credit score?

No, Bizcap can make an initial conditional offer without running a credit check, which means no “hard inquiry” that would affect your credit score at the outset. A hard inquiry is only performed if you decide to proceed with the unconditional offer.

What is a “factor rate” and how is it determined?

A factor rate is a fixed multiplier applied to the principal loan amount to determine the total repayment sum. It is determined by factors such as your business’s cash flow, payment history, financial strength, loan duration, and intended use of funds.

Does Bizcap charge an establishment fee?

Yes, Bizcap charges an establishment fee on the loan, which is agreed upon upfront as part of your loan offer.

Can I repay my Bizcap loan early?

Yes, Bizcap incentivises early repayment by offering a discount, rather than penalising you like some other lenders.

What can I use the funds from a Bizcap loan for?

You can use the funds for any business purpose, including expansions, renovations, purchasing stock or equipment, marketing, hiring employees, managing expenses, and fostering growth. Bizcap.com.au Alternatives

How does Bizcap fund loans faster than other lenders?

Bizcap is a direct and self-funded lender, which allows them to cut down on the red tape and lengthy processes typically associated with traditional banks. They also utilise a streamlined application and assessment process powered by proprietary technology.

What if my business has a bad credit score or existing loans?

Bizcap prides itself on being an “open-minded lender” and will assess your business on the whole, meaning a bad credit score or existing loans are not necessarily issues that will prevent approval.

Are daily or weekly repayments mandatory?

Bizcap offers daily and weekly repayment plans designed to suit your business’s cash flow. The specific frequency will be part of your loan agreement.

How long does my business need to be trading to qualify?

Your business needs to have been actively trading for at least 4 months to be eligible for Bizcap’s Fast and Small Business Loans.

What documents are required for a Bizcap loan application?

Initially, you’ll need to provide your business details and typically link your business bank statements online. After a conditional offer, further documentation, including a credit report, may be required for the unconditional offer. Optus.com.au Prepaid Services Overview

Can I get a loan if I only need it for a few weeks?

Yes, Bizcap can structure loans for short-term needs, such as bridging cash flow gaps. They also offer Bridging Loans with potential discounts for businesses that qualify.

How does Bizcap assess my application without a credit check initially?

Bizcap leverages its proprietary technology and underwriting experience to assess your business’s cash flow, operational duration, and overall financial health to make a conditional offer without a hard credit inquiry.

Is Bizcap available in New Zealand?

Yes, Bizcap operates in New Zealand as Bizcap NZ Limited (NZBN 9429048276863), offering similar business financing solutions.

Who is the CEO of Bizcap.com.au?

While not explicitly stated on the homepage, Beaumont Cooper is often associated with the leadership of Bizcap, potentially holding the CEO position or a key executive role. Official company registries would provide the most current information.

What is the customer support availability for Bizcap?

Bizcap’s loan specialists are available Monday to Friday, from 8:30 am to 5:30 pm AEST, via phone or email. Is Optus.com.au a Scam?

Where can I find Bizcap’s legal documents like their Privacy Policy and Terms and Conditions?

Links to Bizcap’s Privacy Policy and Terms and Conditions are typically found in the footer section of their website.