Merchant cash advance alternative up to $250k for New Zealand businesses

Discover a new, unique and highly flexible approach to raising funds for your retail business

Apply online

Time-saving, efficient and paperless

For a range of purposes

Versatile funding that meets your needs

Maximum impact

Competitive rates and charges, no hidden fees

Peace of mind

Your application is processed rigorously and securely

What is a merchant cash advance?

A merchant cash advance allows businesses to improve their cashflow by taking out short-term finance. Retailers and other businesses that take payment by credit card can borrow cash based on their credit card receipts.

The merchant cash advance lender looks at past sales performance, estimates projected future sales and lends an amount based on this. The advance is then repaid as sales come in. The amounts borrowed are typically around one month’s credit card sales.

A Spotcap unsecured business loan is even more versatile than a merchant cash advance. It too provides short-term finance, but this isn’t restricted to the volume of monthly credit card sales.

What is a merchant cash advance?

A merchant cash advance allows businesses to improve their cashflow by taking out short-term finance. Retailers and other businesses that take payment by credit card can borrow cash based on their credit card receipts.

The merchant cash advance lender looks at past sales performance, estimates projected future sales and lends an amount based on this. The advance is then repaid as sales come in. The amounts borrowed are typically around one month’s credit card sales.

A Spotcap unsecured business loan is even more versatile than a merchant cash advance. It too provides short-term finance, but this isn’t restricted to the volume of monthly credit card sales.

How can Spotcap finance replace a merchant cash advance?

While it can be relatively quick and convenient to arrange, a merchant cash advance has its limitations. One of these is that if sales are unpredictable, this will impact what you can borrow.

A Spotcap loan offers significantly more flexibility than a merchant cash advance because:

  • The amount you can borrow is not directly linked to a specific type of sale.
  • There is no requirement to put up any assets as security for the loan.
  • There’s no fixed term contract, which means you can repay early without a penalty.

You want as much control as possible over your business finances and Spotcap loans are designed to deliver this.

What can a Spotcap merchant cash advance alternative do for you?

  • Keep your shelves fully stocked

    A merchant cash advance can be appealing because it helps you to be fully prepared for the coming busy season by having what you need to meet customer demand. A Spotcap loan can offer the same advantage, with additional flexibility

  • Protect your payroll

    As sales go up and down with the seasons, so too does your bank balance. This can make it a challenge to finance payroll at certain times of year, making a short-term injection of capital very welcome

  • Fund a marketing programme

    You might invest funds from a merchant cash advance in a campaign to drive new sales. Using a Spotcap loan rather than borrowing linked to credit card sales offers a more versatile solution to investing in growth

  • Purchase new business assets

    What difference would a new vehicle, new computer systems or a new specialist machine make to your business? A loan can help you become more productive and more competitive by giving you access to better equipment

The essentials about our alternative to a merchant cash advance

Loan amount

We help New Zealand businesses by lending between $10k and $250k

Loan terms

Repayments are monthly, usually over 1 to 12 months. In the early months of the finance arrangement, you choose how much of the loan to draw down

Criteria to qualify

To be eligible, your business must be registered in New Zealand, with an online bank account in New Zealand, a turnover of at least $200k and an operating history of over 18 months

Interest rates

We charge a competitive rate of interest based on the state of the market and your recent business performance. To estimate the interest rate and monthly repayments, use our repayment calculator

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 alternative to a merchant cash advance

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Sign up

Applying for a business loan begins by you giving us basic personal and business information via our online forms

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Complete the application

Link your finance software and online bank account, or upload financial reports, to complete the loan application

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Get approval

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