Business Fuel: ScotPac's online lender for small business loans

If you’ve searched for Business Fuel lately, you may have noticed the product links send you to ScotPac. That’s not a mistake. Business Fuel began as an independent online lender and became part of the ScotPac Group in early 2022, when ScotPac, long known for invoice and trade finance, wanted a fast online lending arm for smaller businesses. The Business Fuel name and application portal carry on, with ScotPac’s backing behind them.

Here’s what Business Fuel offers as at October 2026, who it suits, and what to try if it isn’t the right fit. Product details come from Business Fuel’s website. Where the details live only on ScotPac’s pages, which block automated reading, we’ve stated only what independent reviews also confirm.

How Business Fuel and ScotPac fit together

Think of it as two doors into one group. Business Fuel handles small, fast, online loans. ScotPac offers larger working capital facilities such as invoice finance, trade finance and asset-backed lending, usually with a relationship manager. If your business grows past what a short online loan can do, the group has bigger products in-house. Our profile of ScotPac covers that side.

Business Fuel lists its registered office in Bundall, on the Gold Coast, and says more than half its customers come back for another loan.

The two products

	Boost Business Loan	Line of Credit
Type	Fixed-term lump sum	Revolving limit you draw and repay
Published amounts	$10,000 to $500,000	$50,000 to $500,000
Term	6 to 36 months, per independent reviews	Ongoing facility
Speed	Funds within 24 hours of approval	Funds within 24 hours of approval
Typical use	Stock, equipment, a tax bill, a one-off project	Uneven cash flow, recurring short gaps

The higher starting point on the line of credit tells you it’s aimed at businesses with bigger, steadier turnover. Torn between the two? We weigh them up side by side in line of credit vs term loan.

Who qualifies for the Boost loan

Business Fuel’s own homepage doesn’t spell out its criteria, but ScotPac’s product pages and independent reviews agree on the starting point:

• About 12 months of trading. One review site mentions six months, so if you’re close to the line, ask.
• At least $10,000 a month in sales, shown through recent business bank statements.
• An active ABN and identity documents for the owners.

Meeting these doesn’t guarantee approval; they’re the threshold for being assessed. Our glossary entry on minimum turnover explains how lenders measure it, including why one-off deposits and transfers between your own accounts usually don’t count.

Why your monthly sales set the ceiling

This is the detail that catches many owners out. The $500,000 maximum is real, but the amount you’ll be offered is linked to your average monthly sales. Both ScotPac’s material and independent reviews describe offers as a multiple of monthly sales, rather than a fixed figure.

An illustration, using round numbers: a café banking $25,000 a month shouldn’t expect a $250,000 offer, however good the business looks. Its realistic range is more likely to sit somewhere around a month or so of sales. A wholesaler banking $300,000 a month is the kind of business that gets near the top of the range.

So before applying, work out your average monthly sales over the last six to twelve months. Then use our unsecured business loan calculator to see whether the repayment on a realistic amount sits comfortably against that turnover.

Turnover not quite where Business Fuel needs it? Tell us where you’re at and we’ll suggest lenders with a better fit, without running a credit check.

How the application runs

1. Apply online through Business Fuel’s portal with a short form.
2. Upload documents to verify income and identity through its secure cloud portal.
3. Assessment by a lending manager, who Business Fuel says you can also call directly.
4. Funding within 24 hours once you’re approved.

Questions worth asking

• With any facility fee added in, what’s the full dollar cost across the term?
• What’s the repayment rhythm: daily, weekly or monthly, and which day does it come out?
• Is any security or personal guarantee required? Independent listings and ScotPac’s own material don’t agree, so get it in writing.
• What happens if I pay the loan out early?
• For the line of credit, are there fees on the undrawn limit?

If Business Fuel declines

• Under 12 months trading: see business loans with an ABN under 12 months, or consider equipment finance, which leans on the value of what you’re buying.
• Monthly sales under $10k: business loans for low-turnover businesses covers lenders with lower floors.
• Customers owe you money on invoices: invoice finance often releases a larger sum than an unsecured loan would, and it’s a ScotPac specialty.
• Several online loans already running: refinancing expensive short-term business debt is the better starting point.

Close peers with similar criteria include Moula, OnDeck and Prospa.

One fair word for the banks: if you have two years of solid financials, a clean credit file and a good banking relationship, your own bank may offer a longer, cheaper loan. It’s worth asking. Business Fuel and its peers win on speed and simplicity.

Ready for the next step? We’ll help you pick the right door

Business Fuel suits a steadily trading small business that wants a quick, simple loan sized to its sales. When the numbers or the backstory are messier, another lender, or a different type of finance, could go further.

That’s what we sort out. Our short form takes about a minute, and filling it in doesn’t trigger any check on your credit. Nothing gets broadcast to a queue of lenders; a member of our team reads it, who then rings you. Put down accurate monthly sales and trading time, and the lender we put forward first should genuinely suit you.

Find the finance that fits my sales →