Get Capital Review (2021)

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🗺️ ProductsTerm Loans
Working Capital Loan
Business Overdraft
Asset Finance
💰Funding Amountup to $750,000
📊 Loan TermsTerm Loans - 3 years
Working Capital Loans - 2 years
Other - up to 5 years
💰 Min. Trading Period12 to 36 months
💰 Min. Turnover$100,00 - $250,000 per annum
🛍️ Unsecured/Secured Unsecured if under $250,000
💳 Funding Speed24-48 hours

GetCapital Logo with words GetCapital review under it

With a choice of nine loan products, SME Lender GetCapital can offer business finance solutions to meet most business needs. GetCapital loans range from $5,000 to $750,000 and have repayment terms of 1 to 5 years. This means the lender has larger loans with longer repayment than most other lenders can offer.

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Loan Products Term LoanWorking Capital LoanBusiness Overdraft (line of credit)
Loan Terms & Funding Size
💰 Loan Amount$25,000 to $750,000$5,000 to 750,000Up to $750,000
⏳ Loan LengthUp to 3 yearsUp to 2 years
(3 years on SME Guarantee Scheme)
Up to 5 years
(redrawn as a line of credit)
📆Payment scheduleMonthly, WeeklyWeeklyWeekly, Monthly
💳 Line of Credit Option?✔️
Loan Costs
💸Fees (exc. interest)2% of drawdown amount
Direct Debit $3.85
﹪Interest Rate TypeAnnual percentage rate
(9.95% to 19.95%)
Annual percentage rate
(9.95% to 24.95%)
Annual percentage rate on funds drawn
(9.95% to 19.95%)
🔓 Unsecured Loans?✔️ (if < $250,000)✔️ (if < $250,000)✔️ (Min. 3 years trading)
❗ (Property if 2 years trading )
👍 Early Repayment✔️(No fee or penalty costs)Not specified✔️(No fee or penalty costs)
Loan Qualification
🎓 Qualification BasicsABN or ACN
6 months of bank statements
6 months of bank statements

ABN and address
Business registered for GST
Good credit history
🛍️ Min. Trading Qualification36 Months12 Months36 Months (24 months with property)
📅 Min. Turnover Qualification$250,000 Per annum$100,000 Per annum$250,000 Per annum
🗎 Low Doc Loans✔️(6 months of bank statements)
❗If loan > $150,00 then
Copy of ATO details +
Recent financial statements
✔️(6 months of bank statements)
❗If loan > $150,00 then
Copy of ATO details +
Recent financial statements
✔️(6 months of bank statements)
❗If loan > $150,00 then
Copy of ATO details +
Recent financial statements
😕 Bad Credit OK?
Approval & Funding Speed
🏍 Fast Online Application✔️✔️✔️
💨 Funding Speed24-48 hours24-48 hours24-48 hours

GetCapital Products – Types of financing available

GetCapital offers a choice of 9 different SME loan products. Regardless of the size of your business and the purpose of the business loan, GetCapital should be able to help your business. The following loans are available:

  1. Business Term Loans – short-term loans for large one-off expenses such as office expansion, new stores
  2. Working Capital Loans – best for everyday expenses such as salaries, marketing and purchases
  3. Import Line of Credit – a credit line to pay international suppliers
  4. Bank Overdraft / Line of Credit –
  5. Asset Finance – Used for general equipment financing, vehicle financing and fit-out financing
  6. Shift payment (invoice payment/trade credit) – credit to pay invoices

Business Term Loans

A term loan is best if your business requires finance to grow or expand in the short term. GetCapital allows you to use this product for any business-related purpose, so you will find you can easily use this loan in place of other loan products this business lender also offers. You should choose a term loan if you need a longer repayment period or wish to have a choice of repayments types.

Term Loan Limit up to $750,000

The GetCapital Term Loan is a convenient business finance solution of up to $750,000 to support to growth and expansion of your business. Can be used for any business purpose for up to 3 years.

GetCapital Business Term Loans eligibility / qualification:

Minimum Time Business Operating

Minimum Time Business

3 Years
(2 Years with security)

Minimum Turnover

Minimum Turnover

$250,000 Per Annum

Credit History

Credit History




(If Loan > $150,000)

To qualify for a term loan, your business must have been operating for 3 years (or 2 years with security) and have a minimum annual turnover of $250,000 per year. Your business will need an Australian ABN or ACN number and be able to provide 6 months of bank statements.  Should the loan be greater than $150,000 then the business will also need to give tax details and in-depth financial statements.

GetCapital only requires asset security if the loan is over $250,000. If it is an unsecured loan, then the business owner will need to provide a personal guarantee. If the loan is larger than $250,000, then the business will need to provide collateral, most likely this will be property.

GetCapital funding size and loan terms

Loan Amount

Loan Amount

Up to $750,000

Term Length

Term Length

Up to 3 Years

Payment Schedule

Payment Schedule

Weekly, Monthly

Low Doc Loans

Low Doc Loans

If < $150,000



Property if > $150,000

Term loans with GetCapital can be between $25,000 and $750,000, this makes the non-bank lender one of the few that will loan greater than $500,000. The loan term is up to 3 years and you can pay this weekly or monthly.

Costs and fees

Origination Fee

Origination Fee


Interest Rate

Interest Rate

9.95% – 19.95%

Other Costs

Other Costs

$3.85 Direct Debit
In event of default
-5% on remaining principal
If Security is needed
-Mortgage reg.
-Valuation fee
-Recovery fees

No Hidden fees

No Hidden fees

Early Payment Permitted

Early Payment Permitted

GetCapital charge between 9.95% and 19.95% annual percentage rate (APR). An APR of a loan is the total costs of your borrowing over 12 months, this means the APR include standard fees and interest costs.  An APR is larger than a simple interest rate which many lenders advertise, however, a simple interest rate does not include all costs so does not truly reflect the overall cost of the loan.

Other costs that the business may have include:

  • 2% of drawdown amount
  • Direct Debit $3.85
  • Daily default interest: 5% chargeable on the outstanding principal
  • $25 Dishonour fee

Loans over $250,000 require security so may have  the following costs:

  • Mortgage registration – at cost
  • Valuation fee – at cost

Lastly, should the business default on the loan, there will be the following fee

  • Recovery fees – at cost.

What can you use the loan for?

GetCapital deposits the loans directly into the business bank account, this means the funds are ready for your use when you need to use them. Business term loans are popular for one-off business expenses such as:

  • Office expansion
  • Purchasing of working premises
  • Building a new store

Redraw facilities

GetCapital allows the business to apply for a redraw 15 weeks into the loan term. GetCapital will require a simple assessment before it is they will approve the redraw.

Working Capital Loans

A working capital loan is best the best choice to pay for everyday expenses that occur as part of normal business operations such as salaries, bills, stock and inventory purchases, marketing and projects. These loans are not ideal for the purchase of assets or investments. GetCapital deposit funds into your business bank account, so they are ready to use when you need the funds.

Working Capital Loans eligibility/qualification:

Minimum time in business12 Months
Minimum turnover$100,000 Per Annum
Credit historyN/A
OtherABN or ACN
6 Months of Bank statements
Security if loan > $250,000

To qualify for a working capital loan, your business must have been trading for at least 2 years and have a minimum annual turnover of $100,000 per year. You will also need to show an Australia ABN or ACN number and have 6 months’ worth of bank statements. Low doc loans are available if less than $150,000, larger loans will require tax details and financial statements such as profit and loss.

If the loan is under $250,000, then working capital loans can be unsecured loans however business director or owner will need to provide a personal guarantee. Loans that are larger than $250,000 will need security.

Working Capital Loans funding size and loan terms

Loan AmountUp to $750,000
Term LengthUp to 2 Years (3 Years on SME Guarantee scheme)
Payment ScheduleWeekly
Low Doc LoansYes if Under $150,000
(if < $150,000 then ATO and finance documents)
Unsecured/SecuredUnsecured up to $250,000
Property if > $250,000

Working Capital loans with GetCapital can be between $25,000 and $750,000.  Most businesses won’t need the maximum available loan amount GetCapital will lend but should you need over 500k then Fintech lender is one of the better options as few will lend such sizeable sums. The loan term is up to 2 years however if the business qualifies for the SME guarantee scheme to help businesses affected by the COVID-19 pandemic, then the term can be 3 years. The payment schedule for a working capital loan is weekly.

Working Capital Loans costs and fees

Origination Fee2% Of Drawdown
Interest RateVaries
Other CostsDirect Debit - $3.85
Mortgage registration (for secured loans)
Valuation fee (for secured loans)
No Hidden Fees?
Early Payment PermittedYes

GetCapital does not provide guidelines on what interest rates one can expect with a working capital loan as the interest will depend on the lender’s risk assessment. To determine the interest, GetCapital will look at factors such as the size of the loan, credit history and cash flow. The interest rate the lender quotes should be between 9.95% and 24.95% p.a and use the annual percentage rate.

An establishment fee or origination fee will form part of the loan. Like with interest rates, GetCapital does not advertise what this fee will be.

What can you use the loan for?

GetCapital deposit funds directly into your bank account, this means you can access the capital any time and use it any way you wish as long as it is for business purposes.

Suggestions for how the business can use the loan include:

  • Paying bills
  • Salaries
  • Capital projects
  • Small equipment purchases
  • stock purchases

Redraw facilities

A redraw facility is available 15 weeks into the loan term.

Import Line of Credit

A combination of trade finance and a line of credit, this type of funding facility is ideal for businesses that need to make purchases from suppliers overseas. GetCapital will approve a credit line facility up to $750,000 which the business can use for drawdowns to multiple drawdowns. Using a credit line saves on costs as you only pay interest on the funds taken from the line. This credit line is revolving which helps you maintain cash flow as you can use and reuse the line as you need.

Using GetCapitals import credit line will save you on currency conversions. GetCapital offer better exchange rates than banks which can lead to major savings for large invoices. You can use 100% of the invoice value in the currency of the supplier (i.e. NZD, GBP, CNY and USD) to pay your suppliers while managing the facility at your end in AUD. This simplifies management of your line of credit account as you don’t need to do conversations.

When using an import credit line, plan for three days for funds to reach overseas suppliers.

Import Line of Credit: up to $750,000

The GetCapital Import Line of Credit is a convenient way to finance your supplier purchases from overseas there’s no cost to set up the facility and once approved you can easily transact within your approved credit limit.

  • Ideal for international purchases
  • No setup costs or line fees
  • Only pay for what you use
  • Better than the banks’ FX rates

Import line of credit eligibility/qualification:

Minimum time in business3 Years (2 years with property)
Minimum Transaction Size$10,000
Invoice Currency TypesUSD, GBP, CNY, NZD
Other6 Months Of Bank Statements
If Credit Line > $150,000 then ATO and Finance documents
Available GoodsRaw materials and Finished Goods

To apply for an import credit line, the business will need to have been trading for 3 years (or 2 years if the business can secure the line with property). When you apply, the business will need you to fill out an application form and provide 6 months of bank statements.

Facilities that are over $150,000 will require the business to provide ATO statements and financial documentation.

Import line of credit funding size and loan terms

Loan AmountUp to $750,000
Amount Financed100% Of Invoice
Term Length2 year amortisation (revolving)
Payment ScheduleWeekly
Low Doc LoansYes if Line is < $150,000
ATO and Finance if > %150,000
Unsecured/SecuredInvoice is security

The import credit line facility can be up to $750,000 AUD, and each transaction to pay a supplier must be a minimum $10,000 AUD. GetCapital uses a revolving credit facility, which means the business can reuse the funds taken out of the facility as the debts are paid. As long as the facility has funds, the business can make as many drawdowns as they wish.

Payment is weekly and based on a 2-year amortisation schedule.

Costs and fees

Origination Fee1.5% of drawdown
Interest RateAnnual Percentage Rate
(9.95% – 24.95%)
Other Costs$395 Annual Fee
Direct Debit $3.85
No Hidden Fees?
Early Payment PermittedYes

GetCapital charges an annual percentage rate of interest of 9.95% to 24.95%. This type of interest is higher than the basic interest rate, as it includes most fees and costs associated with the loan.

Funding speed

GetCapital can provide funds in the supplier’s local currency in 3 days. What can you use the loan for?

what can you use the loan for?

As long as the business is using to the credit line to pay overseas providers, then the business can use the loan in any way.

The business cannot use the loan to pay domestic suppliers. If the business needs a loan for domestic suppliers than a business draft or working capital loan are better options.

Business Overdraft / Line of Credit

A business overdraft is a type of revolving line of credit that connects to your business bank account so you to continue to access capital when your account has no funds. GetCapital’s business overdraft facility can link to any transaction bank account in Australia. This allows you to transfer funds into your business bank account when you need and only pay for what your drawdown. As you can link accounts, you can get fast approval and funding as GetCapital can access the financial and bank details they need to approve.

There are several advantages to this type of loan and this includes:

  • Pre-approval for working capital means the funds are available when you need them, directly through the business bank account
  • As the business overdraft links with the business transaction account, there is no need for a new or separate ‘line of credit’ facility’
  • As you only pay interest fees on the overdraft, you pay less interest compared to a traditional loan, where one pays interest on the entire sum

Business Overdraft eligibility / qualification:

Origination Fee1.5% of drawdown
Interest RateAnnual Percentage Rate
(9.95% – 24.95%)
Other Costs$395 Annual Fee
Direct Debit $3.85
No Hidden Fees?
Early Payment PermittedYes

For an unsecured business overdraft, your business must have been operating for at least 3 years, if the business has 2 years of trading history then you will need to provide collateral such as a property. Get Capital also requires the business has a turnover of $250,000 per year, an ABN or ACN account, GST registration and good credit history. You can provide these details online, these details along with linking of your bank details mean your application can be approved on the spot. If approval is successful then you can then receive funding within 24 hours.

All loans will require 6 months of bank statements with loans above $150,000 needing further documents such as ATO and financial statements.

Business Overdraft funding size and loan terms

Loan AmountUp to $750,000
Term Length5 Years revolving (uncommitted)
Payment ScheduleWeekly, Monthly
Low Doc Loans?

A business overdraft with GetCapital can be up to $750,000 and this credit line is available for 5 years. GetCapital reserve the right to change this limit during this time. The payment term for your drawdown is 24 months, meaning your first drawdown will result in a 24-month repayment term, should you make a second drawdown later on, then the remaining principal will be reset to 2 years from the time of the second drawdown. Each overdraft has a payment schedule of weekly or monthly.

Costs and fees

Origination Fee?
Interest RateAnnual Percentage Rate
9.95% – 19.95%
Other Costs$395 Annual Fee
No Hidden Fees?
Early Payment PermittedYes

GetCapital charge annual percentage rate of 9.95% to 19.95% for any of the credit line that is drawn. While the annual percentage rate can seem high, compared to a basic interest rate which other lenders may use. this is because it includes loan costs, which basic interest rate does not. The business will also need to pay an annual fee of $395 to maintain the overdraft.

Funding speed

GetCapital can approve the overdraft in 24 hours with the right documentation. As the credit line links to the bank account, the funds are available immediately.

What can you use the loan for?

The business can use the loan for any business purchase they wish however it is best for operation costs. Situations one might use the overdraft include:

  • Staff payments (such as where staff need regular payment but the customer only pays invoices on job completion)
  • General working capital (to overcome timing issues between expenses and payments)
  • There is an urgent need to make payments
  • Cash flow to pay operating expenses when business is slow

Business overdrafts are not ideal for

  • Purchase of long term costly assets such as equipment
  • Operations cost when there is no working capital

Asset Finance – General equipment financing, vehicle financing and fit-out financing

Asset finance is the best GetCapital product if your business needs funding to purchase the assets it needs to grow. GetCapital offer 3 types of asset finance, these are:

  • General equipment financing – best for tertiary assets and equipment such as catering, solar technology, POS
  • Vehicle financing – best for car and vehicles such as trucks, vans and utes
  • Fit-out financing – best for business fit-out and retrofitting of shops, factories and restaurants

With each type of asset finance, GetCapital will provide the vendor with 100% of the value of the asset with the provision of an invoice. There is no age restriction on these assets, which means the business can buy first and second-hand products. If the business cannot to pay off the debt on time, the GetCapital may require you to sell the asset finance, subject to acceptable valuation following an inspection.


A better chattel mortgage option for equipment financing

When it comes to Equipment Financing GetCapital has a range of chattel mortgage solutions to keep your business moving – and growing! Free up working capital and access up to $750k for secondary assets such as green goods, prime movers, manufacture plant and workshop, commercial cleaning and medical office equipment.

  • No age restriction for any asset
  • Bank statements only – no financials up to $250k
  • Manageable ATO debt considered
  • Private sale subject to acceptable inspection/valuation

Finance up to $750,000

GetCapital Fitout Finance is a convenient way to finance a range of business fitout needs such as a shop, factory, warehouse and restaurant fit-outs as well as retrofitting existing premises or relocating to new ones.

  • No soft cost caps
  • Bank statements only – financial up to $290k
  • Manageable ATO debt considered

Vehicle Finance amount up to $750,000

The Getcapital Business Car and Vehicle Finance product is a convenient way to finance the purchase of business vehicles, cars, light commercial, trucks, vans, utes, trailers, SUVs and other specialty vehicles for your business.

  • No age restriction for any asset
  • Bank statements only – no financials up to $250k
  • Manageable ATO debt considered
  • Private sale subject to acceptable inspection/valuation

Asset Finance eligibility / qualification:

Minimum time in business2 Years
Minimum turnover$250,000
Credit historyN/A
Other6 Months Bank Statements
Vendor Invoice
ID documents of Purchaser
Type of EquipmentPrimary, secondary and tertiary
No age restriction on asset

All Asset finance types have the same qualification requirements. As long the business can provide an ABN, can show it has been operating for 2 years and has $250,000 annual revenue, then GetCapital will probably approve the finance.

The business will no need to provide any security for loans under $100,00, all the business will need to provide is 6 months of bank statements. loans larger than $100,000 and up to $250,000 will need security backing, while loans above $250,000 will need full docs.

Asset Finance funding size and loan terms

Loan Amount$100,000 with no security
$250,000 with bank statement only
$750,000 with full doc
Term Length5 Years
Payment ScheduleMonthly in advance
Low Doc LoansSee loan amount
Unsecured/SecuredAsset is security

Regardless of which asset finance type you need, GetCapital will loan up to$750,000 with a 5-year term. You will need to pay each month in advance.

Asset Finance costs and fees

Origination Fee$499
Interest RateBased on your business circumstances
Other CostsMortgage registration (for secured loans)
Valuation fee (for secondhand asset finance)
No Hidden Fees?
Early Payment PermittedYes

GetCapital doesn’t advertise interest rates for asset finance, as rates will vary depending on the capital the business requires, the credit history of the business and the financial health of the business.  Even though GetCapital doesn’t advertise their interest rates, the lender will provide advise on all your costs as part of the loan offer.

Fees you may include when taking out asset finance include:

  • Upfront Fee $499
  • Daily default interest: 5% chargeable on the outstanding principal
  • $25 Dishonour fee
  • Valuation fee (second-hand equipment, private sale)

Funding speed

The lender can transfer funds to the vendor on the same day you sign the facility agreement.

What can you use the loan for?

The business can use general equipment finance to purchase:

  • Catering and hospitality equipment
  • Solar IT
  • Computer and IT equipment (only 50% of funding for software)
  • AV equipment

The business can use vehicle finance to purchase:

  • Cars
  • Used cars
  • Vans
  • Trucks
  • UTEs
  • SUVs

The business can use fit-out finance to fit-out, retrofit existing premises and to move to new premises:

GetCapital Application Process and Speed

The online application process with GetCapital is very basic. You just provide your first and last name, business name, and contact details. A get capital relationship manager will then contact you within 24 hours to help you with your loan application. The relationship manager will take you through the range of business lending products they offer to borrowers and help find the right product for your needs.  If your business has been in operations for at least 3 years and has a decent credit score, then the loan application should be relatively straightforward. If this is the case, then GetCapital should be able to approve and provide funding within 24 to 48 hours.

If your business has been operating for less than 3 years, then you may need to provide property collateral which can delay the application process. Businesses with a poor credit score or seeking large loan amounts may require more paperwork, which can also lead to delays in the approval process.

GetCapital Redraw facility

You can access extra funds by speaking with GetCapital or applying for one of the other loan types the vendor offers.

GetCapital Review – Customer Service

You can contact the GetCapital team by phone number and email during business hours. There is no live chat facility on the website. If your business experience any hardship and need particular help, GetCapital have a hardship department you can speak with.

GetCapital also has a helpful FAQ section where they answer common questions about the financial services and a fees page

Reading through the reviews on Trustpilot, it is easy to be captivated by all the 5 stars. Many comments praise the quick processing applications and timely handling of loans. Customers are very happy with the customer service the lender delivers.

GetCaptial Review – TrustPilot

GetCapital has a score of 4.9 out of 5  from 408 reviews on Trustpilot. This is equal to 5 stars or excellent.

GetCapital review Bottom line – Conclusions

  • small business
  • Small business loans