Small business loans up to $250k for NZ businesses and SMEs

You can now apply online for quick access to Spotcap small business loan

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For any purpose

Versatile funding that meets your needs

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Competitive rates and charges, with no hidden fees

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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

  • Extending your product range

    A short-term loan can help extend your product range by allowing you to fund research, development and purchasing. You can adjust an existing product for a new market or start selling something entirely new

  • Upgrading your business tools

    A small business loan allows you to invest in the vehicle, machine or software that can help you boost productivity and competitiveness. Businesses of all sizes need to keep investing in order to stay profitable

  • Growing your market share

    Win new customers with a marketing campaign that appeals directly to one or more specific sectors. A small business loan can fund the design and delivery of a programme that expands your customer base

  • Enhancing your reputation

    Today’s culture of online reviews and information sharing makes quality of customer service more important than ever. Taking out a Spotcap loan can provide the funds needed to train your staff in service excellence

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.

How a Spotcap small business loan can replace other forms of finance

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 purposes
  • Loan 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 penalty
  • Criteria 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 account
  • Interest 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

  • 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 do I apply for small business finance from Spotcap?

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Sign up

Enter basic personal and business information to apply for small business finance

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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

Loans are typically approved within 24 hours of the application being submitted, so you can start putting the loan to work in your business