Inventory finance alternative up to $250k for New Zealand businesses

Protect your cashflow and be prepared for customers with our flexible approach to inventory funding, with Spotcap inventory financing alternative of up to $250,000

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What are inventory loans?

Buying high-value inventory for resale, such as cars or digital equipment, can put real pressure on business cashflow. Inventory loans provide a solution, allowing a retailer to stock their showroom or shelves by borrowing against the value of the inventory.

On the sale of an item, the retailer repays part or all of the inventory loan. The details of how this works will vary from one lender to another, but the principle remains the same - an inventory loan makes it easier for a retailer to carry enough high-value stock to draw in customers.

The unique approach of Spotcap finance, which combines a line of credit with a business loan, offers a strong alternative to inventory loans. It’s flexible and it’s not tied to inventory items.

What are inventory loans?

Buying high-value inventory for resale, such as cars or digital equipment, can put real pressure on business cashflow. Inventory loans provide a solution, allowing a retailer to stock their showroom or shelves by borrowing against the value of the inventory.

On the sale of an item, the retailer repays part or all of the inventory loan. The details of how this works will vary from one lender to another, but the principle remains the same - an inventory loan makes it easier for a retailer to carry enough high-value stock to draw in customers.

The unique approach of Spotcap finance, which combines a line of credit with a business loan, offers a strong alternative to inventory loans. It’s flexible and it’s not tied to inventory items.

What are the benefits of using an online loan from Spotcap to fund my inventory?

You can use the Spotcap alternative to inventory funding to:

  • Stock shelves

    If inventory isn’t in stock and ready to be shipped out, you can’t sell it. An inventory loan helps ensure your shelves or showroom are fully stocked and ready for your customers to make a purchase

  • Prepare for busy seasons

    Whatever the new season coming up, retailers and wholesalers need to prepare for increased trade by purchasing inventory. If you don’t have the cash on hand to prepare for a busy sales period, such as Christmas, an inventory loan can be the answer

  • Manage fluctuating cashflow

    If your sales are significantly influenced by the seasons, it can be hard to prepare for busy times when your bank balance is low. Inventory funding can boost cashflow to help maximise sales during your busiest times of the year

  • Replace less flexible forms of finance

    A Spotcap loan gives you an alternative to inventory funding that’s much lighter on administration. Our finance is unsecured and there’s no need to provide monthly reports on your inventory levels

How can a Spotcap loan be an alternative to inventory financing?

Many forms of inventory funding effectively operate a line of credit. This gives the retailer access to funds which are borrowed as required. The Spotcap finance solution is very similar.

The differences between our loans and traditional inventory funding can include:

  • We fix the interest rate over the life of the arrangement.
  • You have more control as our loan is not secured on your inventory.
  • We allow you to make early repayments without incurring any penalties.

If you have a strong sales record but are short on working capital, it might be difficult to access inventory finance or a line of credit from a traditional provider. An unsecured loan from Spotcap can be used in much the same way as an inventory loan.

Business loans - what you need to know

  • How much can you borrow on our inventory finance?

    A qualifying business can benefit from a loan of between $10k and $250k to purchase inventory
  • The flexible terms of a Spotcap loan

    We approve you for a line of credit up to a specified amount. You choose how much of that credit to take, in one or more drawdowns. Each drawdown becomes a loan that’s repayable monthly, typically over 1 to 12 months
  • The minimum criteria to qualify for inventory finance

    Spotcap business loans are available to firms registered in New Zealand, with 18 months of trading history, a New Zealand online bank account, and turnover of at least $200k
  • Our approach to business loan interest rates

    The interest rate on your business loan reflects market conditions along with your recent business performance. Use our business loan calculator to estimate the interest rate and monthly repayments

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 inventory finance alternative

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Sign up

Applying for a business loan starts with entering basic personal and business information

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Complete the application

Link your accounting software and business bank account, or upload financial statements, to complete the loan application

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Get approval

Once approved, you’ll have access to your business loan within 24 hours