Business finance of up to $250k for New Zealand businesses and SMEs

Apply online for quick access to a new, versatile business funding solution. A Spotcap loan can be used for a wide range of business purposes

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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 quickly, rigorously and securely

Why is business finance so important?

Business loans make it easier for companies to remain competitive and grow. Many businesses don’t have the capital needed to invest in new staff, new assets and new ideas, so it’s vital to them to have access to various forms of funding.

Small and medium-sized businesses may be less visible than the bigger brands, but they’re a major source of employment and wealth generation in New Zealand. The nature of these businesses, where almost everyone is hands-on, means they often look for flexible business loans that are particularly suited to their situation.

Traditional lenders often want business owners to put up assets as security for loans, including their private homes, or they may ask for a personal guarantee. Spotcap is different, as we offer business funding without requiring any such security.

Why is business finance so important?

Business loans make it easier for companies to remain competitive and grow. Many businesses don’t have the capital needed to invest in new staff, new assets and new ideas, so it’s vital to them to have access to various forms of funding.

Small and medium-sized businesses may be less visible than the bigger brands, but they’re a major source of employment and wealth generation in New Zealand. The nature of these businesses, where almost everyone is hands-on, means they often look for flexible business loans that are particularly suited to their situation.

Traditional lenders often want business owners to put up assets as security for loans, including their private homes, or they may ask for a personal guarantee. Spotcap is different, as we offer business funding without requiring any such security.

Working capital loans of up to $100k in Australia

What’s different about business finance from Spotcap?

Unlike traditional lenders, we’re comfortable with offering funding to businesses without asking for security. We’re confident in our unique approach to risk assessment and credit scoring.

When you apply for our funding, your financial data is analysed by our sophisticated algorithm, supported by our team of finance specialists. This approach allows us to offer loans to businesses across a variety of industries, for a range of different purposes.

If you’re looking for business finance with the following features, take a look at what Spotcap has to offer:

  • Fixed monthly repayments over 1 to 12 months.
  • Can be used for a variety of different business purposes.
  • Easy to repay early, without any penalty fees.

Our finance solution is designed specifically with the needs of small and medium-sized businesses in mind.

How you can benefit from Spotcap business finance

You can put a Spotcap loan to work in your business in many different ways, including:

  • Upgrading your business tools

    A business loan allows you to invest in the software, vehicle or machine that can help you boost productivity and competitiveness. All types of businesses need to keep investing to stay profitable

  • Growing your market share

    Win new customers with a marketing campaign that appeals directly to one or more specific sectors. A business loan can fund the design and delivery of a programme that expands your customer base

  • Enhancing your reputation

    Today’s culture of online reviews and information sharing makes quality of customer service more important than ever. Taking out a business finance arrangement with Spotcap can provide the funds needed to train your staff to excel in customer service

  • Extending your product range

    Business funding can help you extend your product range by allowing you to pay for research, development and purchasing. Update an existing product for a new market or start selling something entirely new

Business finance from Spotcap - what you need to know

Loan amount

Borrow between $10k and $250k for a range of business purposes

Loan terms

Spotcap business finance starts as a line of credit. You choose how much to draw down and when, with each drawdown becoming a business loan. Repayment is usually over 1 to 12 months, but you can repay early without penalty

Criteria to qualify

You can apply for business finance from Spotcap if your business is registered in New Zealand, has a turnover of at least $200k, has been operating in New Zealand for at least 18 months, and has a New Zealand online bank account

Interest rates

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

Business 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 do I apply for business finance from Spotcap?

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Sign up

Enter basic personal and business information to apply for our business finance

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Complete the application

Link your accounting software and business bank account or upload financial statements to finalise your application

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Get approval

Loans are typically approved within 24 hours of the application being submitted, so you can soon start putting the loan to work in your business