Construction loans of up to $250,000 for New Zealand businesses

Successful construction businesses are built on solid cashflow. Discover how Spotcap finance can help protect your working capital

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Flexible construction loans for businesses in New Zealand

High levels of building and construction are indicators of a thriving economy. High demand for both residential and commercial property presents outstanding opportunities for businesses that operate in the construction sector.

However, the nature of construction can expose these businesses to major cashflow challenges. Demand fluctuates with the seasons, and it can be hard to match supplier payment cycles with lump-sum receipts from customers.

It can be difficult for construction businesses to access traditional finance unless it’s secured against assets. This is where Spotcap loans offer a solution, because our finance is unsecured.

Flexible construction loans for businesses in New Zealand

High levels of building and construction are indicators of a thriving economy. High demand for both residential and commercial property presents outstanding opportunities for businesses that operate in the construction sector.

However, the nature of construction can expose these businesses to major cashflow challenges. Demand fluctuates with the seasons, and it can be hard to match supplier payment cycles with lump-sum receipts from customers.

It can be difficult for construction businesses to access traditional finance unless it’s secured against assets. This is where Spotcap loans offer a solution, because our finance is unsecured.

What difference can a Spotcap construction loan make to my business?

  • Buy new construction equipment

    It’s important to have the right tools for the job and you want them to be in great working order. A Spotcap construction loan allows you to have the equipment you need to do the job as effectively as possible

  • Protect against late payments

    Even if it’s just a few days late, a delayed payment from a customer can upset your cashflow planning and give you some serious problems. The flexible nature of Spotcap finance can help you avoid this.

  • Hire the right skills

    It’s easier to deliver the best results to your customers when you run a team that possesses the right construction skills. With the backing of a loan, you can afford to hire the talent you need, as it’s required

  • Grow your business with new contracts

    You need access to capital if you’re going to expand the number of contracts you’re working on. A construction loan can give you the confidence to grow your business by supporting work on more projects

How can a Spotcap construction loan help my business?

It pays to invest in finding the right construction finance, which is an arrangement tailored to your specific needs.

Spotcap finance is uniquely different from loans from traditional lenders because:

  • You only borrow exactly what you need, as you need it.
  • You can apply online today and have the funds available tomorrow.
  • You can repay early to save on borrowing costs.

Of the numerous forms of construction finance available, many are designed more for the benefit of the lender than your business. Spotcap offers a solution designed for today’s small and medium-sized construction businesses.

Key facts about Spotcap construction loans

Loan amount

We help businesses by lending amounts of between $10k and $250k

Loan terms

A Spotcap loan starts as a line of credit. You draw down funds as and when you need them. These withdrawals become loans, usually repayable over 1 to 12 months

Criteria to qualify

Our basic eligibility requirements are: your business must have a turnover of at least $200k, be registered and based in New Zealand with a New Zealand online bank account, and have been operating for a minimum of 18 months

Interest rates

Our business loan calculator can help you estimate interest costs and monthly repayments. The rate on your loan will depend on market conditions and your recent business performance

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 request a construction loan from Spotcap

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Sign up

We need basic personal and business information to initiate the application process

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Complete the application

To complete your application, upload your bank statements and submit your financial reports, either by uploading them or linking your accounting software

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Get approval

Once approved for a business loan, it will take only one working day to get access to the funds