Trade finance up to $250k for New Zealand businesses and SMEs

Boost your exports and imports with a new, more flexible approach to international trade finance

Apply online

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 trade finance?

Trade finance makes it easier to do business with other countries and is particularly useful to exporters and importers. Because international trade has its own particular challenges, a set of finance tools have developed over time to meet these.

These challenges include giving both the buyer and seller some financial security when dealing with businesses in other nations, protection against loss or damage of goods in transit, and simplifying payment processes between different banking systems.

Trade finance tools include letters of credit, bills of exchange and loans designed for international trade. The Spotcap loan solution offers an alternative approach that has the advantage of being designed for how businesses operate today.

What is trade finance?

Trade finance makes it easier to do business with other countries and is particularly useful to exporters and importers. Because international trade has its own particular challenges, a set of finance tools have developed over time to meet these.

These challenges include giving both the buyer and seller some financial security when dealing with businesses in other nations, protection against loss or damage of goods in transit, and simplifying payment processes between different banking systems.

Trade finance tools include letters of credit, bills of exchange and loans designed for international trade. The Spotcap loan solution offers an alternative approach that has the advantage of being designed for how businesses operate today.

Is a Spotcap business loan a suitable alternative to trade finance?

Whether you’re exporting or importing finished goods or raw materials, a Spotcap loan can be a practical alternative to trade finance. Our loans can help to:

  • Funding a marketing campaign

    Reaching out to customers in new areas means raising awareness of your brand and products. A business loan allows you to invest in the marketing needed to get your message out there

  • Finance the import of inventory

    Trade finance helps you eliminate possible delays in the import of goods by allowing you to make all the necessary payments on time. It only takes one hold-up to have a negative impact on your sales plans

  • Pay your staff

    Whatever your ambitions, your export or import business will struggle if you can’t pay your staff on time. A flexible loan from Spotcap gives you access to funds you can call on if needed

  • Supply vital working capital

    Having cash available to make essential payments helps protect important commercial relationships and allows the wheels of your business to keep turning. This is where the Spotcap trade finance solution can make a real difference

How does a Spotcap unsecured loan compare with trade finance?

A major difference between a Spotcap business loan and many other forms of trade finance is that we do not ask for any security or a guarantee. Our unique approach to assessing a firm’s financial health makes it possible for us to offer unsecured loans.

If you’re looking for a trade finance solution, a Spotcap loan may be the answer if you:

  • Want a loan that can be managed entirely online.
  • Want the capability to save costs by repaying early.
  • Need a finance facility you can call on at short notice, but won’t cost anything if you don’t use it.

A typical trade finance arrangement allows your business to fund imports and exports. A Spotcap business loan delivers the same outcome, giving flexible access to finance as you need it.

Key points about the Spotcap trade finance solution

  • Loan amount

    The amount we lend to businesses in New Zealand ranges from $10k to $250k
  • Loan terms

    If your application is approved, you get access to a line of credit. Withdraw what you need to finance your international trade and then repay, typically over 1 to 12 months
  • Criteria to qualify

    You can borrow to finance international trade or for any other business purpose. A Spotcap loan is available to businesses registered in New Zealand that have been trading for at least 18 months, with a New Zealand online bank account and a turnover of at least $200k
  • Interest rates

    Market conditions and your recent business performance will determine the rate of interest we charge. Use our business loan calculator to estimate monthly repayments and interest costs

Spotcap 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.

Steps to applying for your trade finance alternative

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Sign up

Applying for our business loan starts with the entry of basic personal and business information, all input online

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Complete the application

The application can be completed in just five minutes by giving us read-only access to your accounting system and bank account

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Get approval

When you’re approved, allow one working day to gain access to your business loan