Alternative finance up to $250k for New Zealand businesses

Discover flexible and unsecured alternative sources of finance for your business. Suitable for established and growing firms

Apply online

Time-saving, efficient and paperless

for any purpose

Versatile funding that meets your needs

Maximum impact

Competitive rates and charges, no hidden fees

Peace of mind

Your application is processed rigorously and securely

Alternative finance solutions available to businesses in New Zealand

The internet has brought huge change to the business loan landscape in New Zealand. The days when traditional banks were the main source of finance are long gone and alternative lending is on the increase.

Today the alternative sources of finance for businesses include crowdfunding, peer to peer lending (P2P), venture capital, business angels and various forms of asset-based lending and invoice finance.

Many of these newer forms of business funding rely on the internet to connect lenders with potential borrowers. Some are also taking the opportunity to apply the benefits of digital technology to their entire finance solution.

Working capital loans of up to $100k in Australia

Alternative finance solutions available to businesses in New Zealand

The internet has brought huge change to the business loan landscape in New Zealand. The days when traditional banks were the main source of finance are long gone and alternative lending is on the increase.

Today the alternative sources of finance for businesses include crowdfunding, peer to peer lending (P2P), venture capital, business angels and various forms of asset-based lending and invoice finance.

Many of these newer forms of business funding rely on the internet to connect lenders with potential borrowers. Some are also taking the opportunity to apply the benefits of digital technology to their entire finance solution.

Alternative business funding with Spotcap unsecured loans

Spotcap is an alternative finance provider that sits in the gap between traditional banks and other suppliers of business finance. Our funding model is a hybrid of a line of credit and a business loan that makes full use of digital solutions.

We use a proprietary and unique risk assessment and credit scoring algorithm that looks at current business performance. This allows us to offer unsecured loans to businesses that may be turned down by lenders using more traditional credit scoring processes.

Because our method of alternative finance is so flexible, it is proving popular with businesses in many different industries including manufacturing, retail, hospitality and healthcare. It’s a versatile alternative to other forms of business borrowing such as loans, overdrafts and asset finance.

What alternative business funding is available?
Peer to Peer lending allows private investors to come together and form a pot of capital from which businesses can borrow. Made easy by the internet, it’s now a very popular form of alternative business finance
A business angel is an individual who chooses to invest in a company in return for a share of the ownership. Like venture capital, this form of alternative funding also comes with advice from the angel, who again will often have a history of entrepreneurial success
Raising working capital by unlocking the value of business assets isn’t a new idea. However, the internet has made it much easier and asset finance now takes many different forms
Also powered by the internet, crowdfunding allows individuals to make contributions as an alternative funding source. Investors typically pay smaller amounts and often expect a reward rather than a return on their funds
This is finance from a business that operates by lending to others in return for a share of the equity. It frequently includes business advice from the venture capitalists who are often successful entrepreneurs

The key facts about an alternative loan from Spotcap

  • Loan amount

    Your business could benefit from an alternative business loan of between $10k and $250k
  • Loan terms

    An alternative loan from Spotcap begins as a line of credit. Draw down what you need and it becomes a business loan, usually repayable monthly over 1 to 12 months. In addition, in the early months, you can choose how much of the loan to draw down
  • Criteria to qualify

    Spotcap alternative finance is available to businesses who have been operating in New Zealand for at least 18 months, are registered in New Zealand, have a minimum turnover of $200k and have a New Zealand online bank account
  • Interest rates

    The interest rate on your alternative business finance will reflect market conditions and your recent business performance. Use our business loan calculator to estimate the interest rate and monthly repayments

* These are genuine reviews from Spotcap customers in Australia.

Spotcap loan repayment calculator

  • Amount
    $ 125,000
  • Time
    6 months

$14,951

Monthly Repayment

For illustrative purposes only. The example shown above is based on an average Spotcap customer. We base our decisions on several criteria and loans can only be granted to borrowers who can afford repayments. For more information about responsible lending click here or contact us directly.

Monthly Repayment

$14,951

  • Amount
    $ 125,000
  • Time
    6months
For illustrative purposes only. The example shown above is based on an average Spotcap customer. We base our decisions on several criteria and loans can only be granted to borrowers who can afford repayments. For more information about responsible lending click here or contact us directly.

How to apply for your alternative funding from Spotcap

signup-gradient

Sign up

Applying for an alternative loan begins with you entering basic personal and business information

connect-gradient

Complete the application

To finalise your loan application, link your accounting software or upload financial reports, along with bank statements

approved-gradient

Get approved

Once approved, you’ll have access to your alternative loan funds within one working day