Short-term business loans up to $500k for New Zealand businesses and SMEs

It’s hard to beat the freedom and flexibility offered by a short-term loan you can use in your business for any purpose

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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 with no hidden fees

Peace of mind

Your application is processed rigorously and securely

What is a short-term business loan?

A short-term loan boosts the working capital in your business for a relatively short period of time, perhaps up to a year or so. You put the funds to work in some way, such as paying for a vital asset which generates income and helps you repay the loan.

The most flexible short-term loans are unsecured. However, traditional lenders are increasingly reluctant to lend without some form of security or a personal guarantee. They want the confidence that if the business is unable to repay, they will get some money back.

Spotcap brings a new approach to short-term loans for businesses in New Zealand. We’re taking full advantage of the latest digital technologies to make short-term unsecured funding available to small and medium-sized businesses.

Unsecured loans for SMEs in Australia

What is a short-term business loan?

A short-term loan boosts the working capital in your business for a relatively short period of time, perhaps up to a year or so. You put the funds to work in some way, such as paying for a vital asset which generates income and helps you repay the loan.

The most flexible short-term loans are unsecured. However, traditional lenders are increasingly reluctant to lend without some form of security or a personal guarantee. They want the confidence that if the business is unable to repay, they will get some money back.

Spotcap brings a new approach to short-term loans for businesses in New Zealand. We’re taking full advantage of the latest digital technologies to make short-term unsecured funding available to small and medium-sized businesses.

Let your business benefit from short-term funding from Spotcap

  • Extending your product range

    A loan can help you to broaden your product range, by funding research, development and purchasing. You can enhance an existing product to reach a new market or start selling something entirely new

  • Growing your market share

    Reach out to new customers with a targeted marketing campaign or offer new products to your existing customers. A short-term business loan can finance high quality brand promotion, helping you to grow your sales

  • Enhancing your reputation

    Quality of service is really important to customers who increasingly share their reviews of businesses and products online. Take out a short-term loan to train your staff in excellent customer service

  • Expanding your team

    New hires can boost productivity, but depending on your business, it may be a while before this converts into revenue. Spotcap short-term finance makes it easier for you to recruit and grow

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Can a Spotcap short-term loan help my business?

Flexible short-term finance offers huge benefits to both established and growing businesses. It allows you to invest in inventory, people or marketing in order to generate revenue.

Spotcap offers unsecured short-term loans because we’re confident in our unique approach to risk analysis. When you apply, your financial data is analysed by our unique credit assessment algorithm, which is supported by our finance experts.

Our analysis identifies the level of risk associated with lending to your business. This allows us to offer unsecured short-term loans to businesses across a variety of industries, for a range of different purposes.

A short-term loan from Spotcap - what you need to know

  • Loan amount

    Borrow between $10k and $250k for a wide variety of business purposes

  • Loan terms

    A Spotcap short-term loan starts as a line of credit. You choose how much to draw down and when, with each drawdown becoming a business loan. Repayment is usually over 1 to 12 months. You can repay early without penalty

  • Qualifying criteria

    You can apply for a Spotcap short-term loan if your business turnover is at least $200k, it’s registered in New Zealand and has been operating in New Zealand for at least 18 months, and has a New Zealand online bank account

  • Interest rates

    The interest rate on your short-term business finance will reflect market conditions and your recent business performance. Use our business loan calculator to estimate the interest rate and monthly repayments
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Short term business loan repayment calculator

  • Amount
    $ 125,000
  • Time
    6 months

$14,951

Monthly Repayment

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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
    6 months
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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 do I apply for a short-term business loan from Spotcap?

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Sign up

Enter basic personal and business information to apply for a short-term business loan

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Complete the application

Link your accounting software and business bank account or upload financial statements to finalise your application

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Get approval

We approve loans within 24 hours of the application being submitted. Now you can start putting the loan to work in your business

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