When you’ve got your cash flow solution sorted, it frees up your time to work on the important stuff, like how to improve your business, instead of spending your time worrying about your working capital.
However, it can take time to find the right cash flow solution. There are plenty of options, from putting your own cash into the business, all the way through to swapping some equity for an injection of capital. But not every option will be a good fit for your business.
Because every business has different needs, Spotcap has developed a highly flexible cash flow funding solution of up to $500,000 for your business. The whole process is managed online, all made possible by technology which allows us to make the loan application process extremely straightforward. Most of it relies on allowing us access to digital information which already exists in your business.
How Spotcap’s process works
Our use of digital technology goes well beyond putting the application online and allowing you to bypass filling in lots of forms. We’ve also developed a new way to assess the information you give us, in order to decide whether to approve funding for your business.
Your business data is fed into our proprietary credit assessment algorithm. This allows a swift yet robust assessment of the financial condition of your business, providing our team of credit specialists the information they need to make a final decision.
Thanks to the power of digital technology, you can complete your application in just five minutes and not long after, the data is processed by our algorithm. So you’ll have a funding decision within 24 hours.
Making it easier to get the cash flow funding you need
As a result of our new approach to making funding available, New Zealand businesses like yours are getting flexible access to the working capital needed to keep growing.
This capital is being used in many different ways. We make funding available for a wide variety of business purposes including: buying specialist vehicles or machines, covering the upfront cost of new hires or paying for new inventory.
For many, the real benefit of our cash flow funding solution is that it allows you to focus on doing business, rather than putting time into managing your bank balance. We provide the peace of mind that comes with knowing that funds are available to the business, if and when required.
Originally published January 23 2017 , updated January 23 2017