Elect Capital: unsecured working capital for companies and partnerships

Elect Capital is a less familiar name among Australian online lenders, but its upper limit stands out: unsecured working capital of up to $1m. Many unsecured lenders cap out well below that before asking for property. The trade-off is a fairly specific entry gate, and if your business doesn’t match its structure and revenue rules, it simply won’t be the right door to knock on.

Elect Capital also operates in other countries, including the UK and the US, and the criteria differ by market. Everything below relates to its Australian offering. Its website restricts automated access, so we’ve confirmed these details from its own published pages through search results and cross-checked them against an independent comparison review, as at October 2026.

What does Elect Capital lend?

One product: unsecured working capital, from $25k to $1m according to its website. You receive the money in one payment rather than as a revolving limit, and it can be used for whatever the business needs to keep trading or grow: stock, staff, marketing, equipment deposits, or riding out slow debtor payments.

There’s no property or asset security required. The size of the offer is set by how the business performs: monthly revenue, trading history and overall financial health, rather than just the owner’s personal credit score.

Who meets Elect Capital’s criteria?

Requirement	Published (October 2026)	What it means in practice
Business structure	Pty Ltd company or partnership registered in Australia	Sole traders and trusts aren’t named
Trading history	At least 12 months	Newer businesses need another route
Revenue	At least $15k a month	Roughly $180k a year, consistently
Security	None required	Expect a guarantee from directors or partners

The structure rule is the one that surprises people. Plenty of profitable tradies, consultants and contractors operate as sole traders, and they fall outside the stated criteria however strong their turnover. If that’s you, our page on sole trader business loans explains which lenders do accept an individual ABN.

The $15k monthly figure is also a floor, not an average across a good and bad year. A business that hits $25k in summer and $9k in winter may find the quiet months drag its assessment down. See business loans for seasonal businesses if that pattern sounds familiar.

What should I check before taking an offer?

Because sources describe Elect Capital’s terms differently (its own Australian page has referred to 3 to 12 months; a comparison site lists terms of up to five years and a quarter), rely on the written offer. Read it closely for:

1. The term and the repayment rhythm. A daily debit lands on your account very differently from a monthly one.
2. The total repayable in dollars, including establishment and any other fees.
3. Early payout terms. Does clearing the loan early save you money, or is the cost fixed?
4. Guarantees. Who signs, and is it limited or unlimited?
5. Security interests. Even unsecured lenders sometimes register an interest on the PPSR.

Before you sign, run the offer through our unsecured business loan calculator to see the repayment as a share of monthly revenue.

Want a second view before committing? Get a specialist’s read on it; there’s no credit enquiry involved when you ask.

An example of where it fits

Picture a three-year-old marketing agency set up as a Pty Ltd, billing about $70k a month. It has signed two retainers that start in eight weeks and needs to hire three people now, meaning around $90k of wages before the new revenue lands. The directors own homes but don’t want to put them up as security for a short-term gap.

That’s close to Elect Capital’s target profile: a company, well past 12 months, revenue comfortably above the minimum, and a short, specific need. The agency should still compare the total cost against a business line of credit, which would only charge for the weeks the money is drawn, and against asking its bank, which is often the cheapest choice when the business fits.

This is an illustration only, not an Elect Capital offer. The point is the shape of the need: a known gap, a known end date and revenue already on the books. Unsecured working capital tends to suit that shape best, while open-ended needs such as a long-term expansion usually belong on a longer, cheaper facility.

If Elect Capital says no

Look at which criterion tripped you up:

• Sole trader or new ABN: see business loans with an ABN under 12 months and lenders that accept individuals.
• Revenue under $15k a month: read about business loans for low turnover businesses.
• Need more than an unsecured offer: a second mortgage can go further if you own property.
• Comparable unsecured lenders: Prospa and Moula publish their own minimums, and you can put them side by side in our lender comparison tool.

Wondering whether you’d clear the bar?

Elect Capital’s rules are clear on paper, but real businesses rarely fit a table neatly. A structure change last year, a lumpy revenue month or a partner exiting can all shift where you land.

That’s the kind of nuance a person picks up and a form alone doesn’t. Tell us about your business in a minute or so; nothing touches your credit score just for asking, and your enquiry isn’t shopped around to every lender in the market. Someone on our team reads it properly, then calls to talk options. Precise answers on structure, trading history and monthly revenue make that conversation far more productive.

Find out where your business fits →