Equipment finance up to $250k for New Zealand businesses

Looking to hire, lease purchase or buy equipment outright? Our loan solution provides vital funds of up to $250k

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Versatile funding that meets your needs

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Competitive rates and charges, no hidden fees

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What is equipment finance?

Every business needs to invest in equipment to get the job done. Whether it’s a computer, a truck or a specialist manufacturing machine, the equipment needs to be available, which means paying for it. This is where equipment finance plays its part.

Equipment finance - a financial arrangement to fund that equipment - comes in various forms. It could be a lease, a hire purchase agreement, a regular loan or even a payment on a credit card. What’s important is that it makes the equipment available to the business.

Traditional forms of equipment finance can take time to arrange and involve a variety of fees and potential penalty terms. Spotcap brings a new approach to equipment finance with a loan solution designed for today’s businesses that’s flexible and unsecured.

What is equipment finance?

Every business needs to invest in equipment to get the job done. Whether it’s a computer, a truck or a specialist manufacturing machine, the equipment needs to be available, which means paying for it. This is where equipment finance plays its part.

Equipment finance - a financial arrangement to fund that equipment - comes in various forms. It could be a lease, a hire purchase agreement, a regular loan or even a payment on a credit card. What’s important is that it makes the equipment available to the business.

Traditional forms of equipment finance can take time to arrange and involve a variety of fees and potential penalty terms. Spotcap brings a new approach to equipment finance with a loan solution designed for today’s businesses that’s flexible and unsecured.

Can a Spotcap loan be a substitute for equipment finance?

It’s important to understand the key features of any equipment finance arrangement you are entering into. This includes who is responsible for the equipment’s maintenance, finance cancellation terms and potential penalty fees

All this is very clear when you borrow from Spotcap. Our loans are unsecured and have very straightforward and transparent charges

A loan from us could be the answer to your equipment finance needs if:

  • You’re looking to borrow between $10k and $250k
  • Repayment terms of up to 12 months are appropriate
  • You want the flexibility to save on interest by repaying early

Because it’s your business, you should be in full control of your assets and how you finance them. A Spotcap loan helps you achieve this

How can a Spotcap loan meet your equipment finance needs?

Once your loan with us is approved, it’s up to you how you use it. It could be to:

  • Purchase that essential new piece of equipment

    Whether it’s a new vehicle or machine, upgraded software or an enhanced telecoms system, a Spotcap loan can provide the equipment finance you need to become more competitive

  • Fit out new premises

    Your loan from us can do much more than just buy a piece of equipment. Use it to make your workspace more appealing to customers and staff by refreshing its appearance and upgrading your furniture or storage

  • Upgrade your business systems

    Equipment finance can be invested in a wide range of business systems, from integrated finance and manufacturing software to sophisticated security networks. You can use a Spotcap loan for any of these and much more

  • Protect your working capital

    Traditional equipment finance can help you buy an asset, but it often won’t cover other costs such as installation, implementation and training. Because it’s not tied to an asset, a Spotcap loan can help you cover these incidental costs as well and help keep your working capital secure

Key facts - equipment finance business loans

Versatile finance for established and growing businesses in New Zealand

How much can my business borrow?

You could qualify for a business loan of between $10k and $250k

Over what period will my loan be repaid?

A loan from us begins as a line of credit. Draw down what you require and then repay in instalments, typically over 1 to 12 months

What are the minimum criteria for a Spotcap loan?

Your business must have been operating for at least 18 months, be based and registered in New Zealand with a New Zealand online bank account, and have a turnover of at least $200k

What rate of interest will Spotcap charge me?

The rate we charge varies depending on market conditions and the recent performance of your business. Use our business loan calculator to estimate the interest rate and monthly repayments

* These are genuine reviews from Spotcap customers in Australia.

Equipment finance loans 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 you apply for your equipment finance alternative from Spotcap

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Sign up

Begin the online process by giving us basic personal and business information

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Complete the application

Our time-saving approach is based on giving us read-only access to your finance software and online bank account

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Get approval

Once approved, you’ll get access to your business loan within one working day