Peer-to-Peer lending alternative up to $250k for New Zealand businesses

Discover the versatile new finance solution for New Zealand businesses that’s harnessing the power of the internet to deliver business loans.

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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 Peer-to-Peer lending?

The internet offers new ways for people to connect, giving rise to new ways of raising business finance, such as Peer-to-Peer lending (P2P). This new finance model matches those wanting to invest small amounts with businesses seeking finance.

Peer-to-Peer lending is, for some, an attractive alternative to obtaining finance from traditional sources. But it’s only one example of how internet technology is changing the way businesses approach the challenge of raising funds.

Other innovative forms of online business finance are emerging, as the speed and flexibility of web-based communication continues to improve. Spotcap is among those leading the way to make business borrowing easier by taking full advantage of what digital technology has to offer.

What is Peer-to-Peer lending?

The internet offers new ways for people to connect, giving rise to new ways of raising business finance, such as Peer-to-Peer lending (P2P). This new finance model matches those wanting to invest small amounts with businesses seeking finance.

Peer-to-Peer lending is, for some, an attractive alternative to obtaining finance from traditional sources. But it’s only one example of how internet technology is changing the way businesses approach the challenge of raising funds.

Other innovative forms of online business finance are emerging, as the speed and flexibility of web-based communication continues to improve. Spotcap is among those leading the way to make business borrowing easier by taking full advantage of what digital technology has to offer.

How can a Spotcap loan be your alternative to P2P lending?

Our finance solution can provide the funds your business needs to thrive and grow. Here’s how it could make a difference:

  • Finance a marketing campaign

    See your sales increase by reaching out to both existing and potential new customers. Our P2P alternative can give you the funds you need to invest in fresh marketing activities

  • Upgrade your business systems

    Whether you need a new computer, a new telecoms system or up-to-date manufacturing equipment, our loans offer a flexible alternative to P2P lending that offers the advantage of being unsecured

  • Fund the opening of a new branch

    Growing your business into a new market or region can give you lots of upfront costs. Our Peer-to-Peer finance alternative can help you cover those expenses until the income starts flowing

  • Boost your working capital

    Because our loans are designed to meet the needs of today’s businesses by being unsecured and highly flexible, they’re a very practical alternative to other sources of working capital

  • Fund the purchase of new equipment

    New hardware, whether it’s a manufacturing machine or a new computer, can give your business a competitive edge. Our finance can help you secure that hardware

How does a Spotcap loan compare with P2P lending?

One attraction of Peer-to-Peer lending is that it bypasses engagement with the relatively slow loan application and approval processes associated with traditional lenders.

The Spotcap solution brings similar convenience as a Peer-to-Peer loan. It offers an online application process, a prompt response based on a unique assessment of the current financial condition of your business, and absence of a need for security.

Further benefits of a Spotcap loan include:

  • Flexibility: there’s no requirement to borrow and pay interest on all the funds you apply for.
  • No penalty for early repayment
  • Online management of your business loan

These features make a Spotcap loan a versatile solution for your business finance needs.

Peer-to-Peer lending alternative - what you need to know

Take advantage of a new, versatile approach to business lending in New Zealand

How much can I borrow?

Your business can benefit from a loan of between $10k and $250k

How long can I borrow for?

In the early months, you can choose how much of the agreed amount you want to borrow. Drawdowns are converted into loans, usually repayable over 1 to 12 months

How do I qualify for a Spotcap P2P alternative?

Spotcap business loans are available to businesses that have been operational for 18 months, with a minimum turnover of $200k, that are registered and operate in New Zealand and have a New Zealand online bank account

What rate of interest will I pay?

Our business loan calculator allows you to estimate the interest charges and monthly repayments. The interest rate on your small business loan will reflect market conditions and your recent business performance

* These are genuine reviews from Spotcap customers in Australia.

Peer to Peer lending alternative 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 Peer to Peer lending alternative

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Sign up

The application process begins with you giving us basic personal and business information

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Complete the application

Link your accounting software and online bank account to finalise your application for a business loan

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Get approval

When approved, you’ll have access to loan funds within one working day