Refinance Guide
How to Refinance Zip Business Facilities
Zip Business (formerly Spotcap) offers business lines of credit and term loans with technology-driven assessment. We arrange Zip Business facilities for clients who value their flexibility and accounting platform integrations. Their accessible credit lines work well for working capital management. As your business grows, bank alternatives may offer improved pricing.
About Zip Business
Zip Business provides business lines of credit up to $500,000 and term loans for Australian SMEs. We recommend Zip Business when clients need flexible working capital access with fast, technology-driven approvals. Their integration with accounting platforms streamlines the process. When your business qualifies for bank facilities, transitioning can reduce your overall finance costs.
Typical Rates
12% to 30% p.a.
Typical Terms
Line of credit ongoing; term loans 6 months to 3 years
Things to Consider with Zip Business
- Rates higher than bank alternatives
- Line of credit fees can accumulate
- Facility fees plus interest increases effective cost
- May limit other borrowing capacity
- Bank alternatives offer better value for established businesses
Your Refinance Options
Bank Line of Credit
Bank overdrafts and credit lines at 8-14% p.a. offer similar flexibility at lower cost for qualifying businesses.
Bank Term Loan
If a line of credit isn't essential, bank term loans at 7-12% p.a. provide straightforward, lower-cost funding.
Secured Business Loan
Property-secured loans at 6-10% p.a. deliver substantial savings if you have available equity.
Asset Finance
Equipment-backed facilities at 7-12% p.a. can replace working capital lending used for asset purchases.
Considering Your Zip Business Options?
Whether you need additional capital or want to explore refinancing, we can help. Get a free assessment of your options.
How to Refinance Zip Business
Review Zip Business facility terms and payout requirements
Obtain current balance and any applicable exit fees
We assess your situation and identify alternatives
Submit to suitable lenders
New facility settles and pays out Zip Business
Begin improved facility structure
Frequently Asked Questions
Other Lender Refinance Guides
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