Truck finance alternative of up to $250k for New Zealand businesses

Get your business moving with flexible finance. A Spotcap loan can make all the difference to the success of your trucking business

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Versatile commercial truck financing in New Zealand

Trucks are essential to doing business in New Zealand. The volume of goods that need to be moved is increasing and we need to keep the wheels turning for the economy to stay on track.

But the way we use our trucks is changing. Environmental issues, new technologies and new ways of working are all having an impact on the transportation industry. In order to stay competitive, truck users need to keep investing.

This investment often involves some form of truck finance. This is where a truck loan from Spotcap can help, as we offer a flexible alternative to traditional borrowing options. Our loans can help truck users to get more value from their assets.

Versatile commercial truck financing in New Zealand

Trucks are essential to doing business in New Zealand. The volume of goods that need to be moved is increasing and we need to keep the wheels turning for the economy to stay on track.

But the way we use our trucks is changing. Environmental issues, new technologies and new ways of working are all having an impact on the transportation industry. In order to stay competitive, truck users need to keep investing.

This investment often involves some form of truck finance. This is where a truck loan from Spotcap can help, as we offer a flexible alternative to traditional borrowing options. Our loans can help truck users to get more value from their assets.

What can my business do with truck finance from Spotcap?

  • Funding new vehicles

    Newer, cleaner and more efficient trucks can make you more competitive. A Spotcap loan can offer you a more flexible approach to doing this as our loans allow you to repay early without penalty

  • Investing in higher efficiency

    There are costs to be saved in your business through process improvement. A loan from us can finance the research and implementation of new systems or new ways of working that unlock more value from your assets

  • Increase productivity through staff training

    Equipping your team with new skills can be a great way of sharpening your business for future success. Our flexible approach to truck finance can help you fund the necessary education

  • Protect your payroll

    Your business can’t afford to miss a payroll date, which makes it imperative to have the necessary funds available when payment is due. Having a flexible loan facility available can help relieve the pressure on your bank balance

How can a Spotcap truck loan benefit my business?

Truck finance comes in a variety of forms. Each has different features and benefits and it’s important that you find the right solution for your needs.

By taking a truck loan from Spotcap, you’re working with a lender that:

  • Doesn’t demand you put up an asset as loan security.
  • Makes full use of digital technology to make finance accessible.
  • Takes a forward-looking approach to assessing the creditworthiness of your business.

What sets a Spotcap loan apart from most other finance is that it’s highly flexible and unsecured. Our application assessment process is a forward-looking approach, backed by technology, with a decision delivered promptly.

Key facts about Spotcap truck loans

Loan amount

We help businesses by lending amounts of between $5k and $250k

Loan terms

A Spotcap loan starts as a line of credit. You withdraw funds, as and when you need them. These drawdowns become loans, usually repayable over 1 to 12 months

Criteria to qualify

Our basic eligibility requirements are: your business must be registered and based in New Zealand, have been operating for at least 18 months with a minimum turnover of $100k, and have a New Zealand online bank account

Interest rates

Our business loan calculator can help you estimate interest costs and monthly repayments. The rate of interest charged on your loan will depend on market conditions and your recent business performance

Trucking loans 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 request Spotcap trucking finance alternative

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Sign up

We need basic personal and business information to start the application process

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Complete the application

To complete your application, upload your bank statements and submit your financial reports, either by uploading them or linking your accounting software

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Get approval

Once approved for a business loan, it takes only one working day to get access to the funds