Small business loans up to $500k for NZ businesses and SMEs
You can now apply online for quick access to Spotcap small business loan
Apply online
Time-saving, efficient and paperless
For any purpose
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 are small business loans?
Small business loans are a finance solution designed specifically for the many smaller businesses make up the New Zealand economy. While they are often less visible than the big brands, small businesses are a major source of employment and wealth generation.
The nature of small businesses, where almost everyone is very hands-on, means they often look for flexible short-term loans that are particularly suited to their situation.
Traditional lenders often require small business owners to put up assets as security for these loans, which can include their private homes, or they may even ask for a personal guarantee. Spotcap is different because we offer small business loans without requiring any such security.
What are small business loans?
Small business loans are a finance solution designed specifically for the many smaller businesses make up the New Zealand economy. While they are often less visible than the big brands, small businesses are a major source of employment and wealth generation.
The nature of small businesses, where almost everyone is very hands-on, means they often look for flexible short-term loans that are particularly suited to their situation.
Traditional lenders often require small business owners to put up assets as security for these loans, which can include their private homes, or they may even ask for a personal guarantee. Spotcap is different because we offer small business loans without requiring any such security.
How you can benefit from a Spotcap small business loan
What’s different about a small business loan from Spotcap?
Unlike traditional lenders, we’re comfortable with offering small business loans without asking for security. We’re confident in our unique approach to risk assessment and credit scoring.
When you apply, your financial data is analysed by our sophisticated algorithm, supported by finance experts. Our approach allows us to offer small business finance to businesses across a variety of industries, for a mix of different purposes.
If you’re looking for a short-term loan with the following features, take a look at what Spotcap has to offer:
- Fixed monthly repayments over 1 to 12 months.
- Can be used for a variety of different business purposes.
- Easy to repay early, without incurring any penalty fees.
Our finance solution is designed specifically with small businesses in mind.
Because it’s so versatile, a Spotcap loan is a flexible alternative to many other methods of business finance. The types of business funding that our loans can substitute for include:
Small business finance from Spotcap - what you need to know
Loan amount
Borrow between $10k and $250k for a variety of business purposesLoan terms
Spotcap small business finance 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 penaltyCriteria to qualify
You can apply for small business finance from Spotcap if your business is registered in New Zealand, has a turnover of at least $200k, has been operating in New Zealand for at least 18 months, and has a New Zealand online bank accountInterest rates
The interest rate on your unsecured business finance will reflect market conditions and your recent business performance. Use our business loan calculator to estimate the interest rate and monthly repayments
* These are genuine reviews from Spotcap customers in Australia.
Small business loan repayment calculator
$14,951
Monthly Repayment
Monthly Repayment
$14,951
How do I apply for small business finance from Spotcap?
Sign up
Enter basic personal and business information to apply for small business finance
Complete the application
Link your accounting software and business bank account or upload financial statements to finalise your application
Get approval
Loans are typically approved within 24 hours of the application being submitted, so you can start putting the loan to work in your business