Restaurant finance up to $250k for businesses in New Zealand

The biggest challenge facing a restaurant business can be raising funds. Our flexible restaurant business loans provide an answer

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Financing your restaurant in New Zealand

New Zealanders can’t get enough of eating and drinking in restaurants and cafes. This love of dining out is creating plenty of opportunities, but it’s also throwing up challenges for businesses of all sizes.

To run a successful restaurant business requires staying in touch with changes in customer tastes as well as balancing the books. Remaining competitive demands continual investment in staff, equipment, and marketing.

Traditional lenders are often wary of lending to restaurant businesses because of the high turnover associated with this segment of the hospitality sector. This adds an additional challenge to business owners who want to know how to get funding for a restaurant.

Financing your restaurant in New Zealand

New Zealanders can’t get enough of eating and drinking in restaurants and cafes. This love of dining out is creating plenty of opportunities, but it’s also throwing up challenges for businesses of all sizes.

To run a successful restaurant business requires staying in touch with changes in customer tastes as well as balancing the books. Remaining competitive demands continual investment in staff, equipment, and marketing.

Traditional lenders are often wary of lending to restaurant businesses because of the high turnover associated with this segment of the hospitality sector. This adds an additional challenge to business owners who want to know how to get funding for a restaurant.

Spotcap offers a new approach to restaurant business loans

Because traditional lenders are often reluctant to lend to restaurants, owners turn to alternative sources of finance that can become expensive and inflexible. Spotcap brings a new, unique approach to hospitality financing.

A Spotcap loan can be the right funding solution for your restaurant if:

  • You’re looking for flexible, unsecured borrowing.
  • Repayment over 1 to 12 months suits your circumstances.
  • You’re comfortable working with an online finance provider.

An unsecured loan from Spotcap is well suited to all kinds of small and medium-sized businesses, but particularly those which lack the operating history to successfully access finance from their bank.

How can a Spotcap loan help with financing a restaurant?

Unlock the potential in your business. Whether you own a restaurant or cafe, a Spotcap loan can help you to:

  • Hire the skills you need

    Employing the best chefs, baristas and waiting staff can make a huge difference to your business. A Spotcap restaurant loan can help you drive sales by funding a higher quality of service

  • Excite your customers through marketing

    Personal recommendations, online reviews and social media will bring customers through your door, and you can do more than just hope for this. Drive marketing momentum with a carefully crafted digital campaign

  • Protect your working capital

    Seasonality is another challenge for hospitality businesses, including restaurants and cafes. Having a finance arrangement in place can offer peace of mind about your bank balance when your bills fall due

  • Upgrade your offering

    Customer tastes can change quickly and to stay competitive you need to stay up to date. Restaurant funding from Spotcap can help you fund the upgrades you need to make from time to time

Key facts about restaurant finance from Spotcap

How much can you borrow?

Qualifying cafes and restaurants can borrow between $10k and $250k

Over what period can you borrow?

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

What rate of interest is charged on borrowing?

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

What rate of interest is charged on borrowing?

The rate we charge on our restaurant loans depends on market conditions and your recent business performance. Use our loan calculator to estimate the interest rate and monthly repayments

Spotcap 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 get funding for a restaurant from Spotcap

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Sign up

Begin our online process by giving us basic information about you and your business

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Complete the application

Linking your accounting software and online bank account or uploading financial statements is required to complete your loan application

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Get approval

Having been approved, you’ll usually be able to access your business loan within 24 hours