Unsecured business loans up to $250k for New Zealand SMEs

Unlock potential with the freedom and flexibility of an unsecured business loan you can use for a variety of commercial purposes

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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, no hidden fees

Peace of mind

Your application is processed rigorously and securely

What is an unsecured business loan?

An unsecured business loan offers the benefit of an injection of working capital without the disadvantages of being linked contractually to an asset or requiring a personal guarantee. It’s the ideal form of borrowing for most businesses.

Traditional lenders try to avoid offering business loans without security. They want to be confident of getting some money back if the business can’t repay the loan. The requirement to put up security can make it harder for some businesses to borrow.

All Spotcap loans are unsecured. Because the loan is not tied to a business or personal asset, the borrower has more freedom over how they use the funds. We’ve designed our loans to be highly flexible in order to meet the needs of today’s businesses.

Unsecured loans for SMEs in Australia

What is an unsecured business loan?

An unsecured business loan offers the benefit of an injection of working capital without the disadvantages of being linked contractually to an asset or requiring a personal guarantee. It’s the ideal form of borrowing for most businesses.

Traditional lenders try to avoid offering business loans without security. They want to be confident of getting some money back if the business can’t repay the loan. The requirement to put up security can make it harder for some businesses to borrow.

All Spotcap loans are unsecured. Because the loan is not tied to a business or personal asset, the borrower has more freedom over how they use the funds. We’ve designed our loans to be highly flexible in order to meet the needs of today’s businesses.

Let your business benefit from a Spotcap unsecured business loan

  • Extending your product range

    Whether you sell a product or service, either to consumers or to other businesses, an unsecured loan can fund the research, development and purchasing needed to broaden your offering.

  • Growing your market share

    Reach out to new customers with a powerful and highly targeted marketing campaign. An unsecured business loan can fund high quality promotion of your brand, helping you secure a bigger customer base.

  • Enhancing your reputation

    Customers demand great products backed by great service and it’s now very easy for them to share their opinions online. You can invest additional funding into training your team to deliver excellent customer service every time.

  • Strengthening your team

    New hires are a great way to boost productivity, but it can take a while before their energy converts into revenue and profit. A Spotcap loan allows you to cover their initial costs before their contribution kicks in.

Unsecured business loans for SMEs in Australia starting from $5k and up to $250k

Why does Spotcap offer unsecured business loans?

Spotcap’s mission is to make flexible finance accessible to small and medium-sized businesses by making full use of today’s digital technologies. We’ve developed an approval process that includes a swift yet robust assessment of the financial condition of your business.

Our finance solution is entirely web-based and it includes:

  • A proprietary algorithm that analyses the finance data you provide to us.
  • Review by a team of finance experts.
  • Extensive experience of providing credit to small and medium-sized businesses.

Our analysis identifies the level of risk associated with lending to your business. This allows us to offer unsecured business loans to firms across a variety of industries for a mix of different purposes.

The top finance alternatives to an unsecured business loan

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:

An unsecured business loan from Spotcap - what you need to know

  • Loan amount

    Borrow between $10k and $250k for a range of business purposes
  • Loan terms

    A Spotcap business loan starts as a line of credit. You choose how much to draw down and when, with each drawdown becoming a business loan. You can repay early without penalty
  • Criteria to qualify

    You can apply for an unsecured loan if your New Zealand registered business 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

    Your interest rate is reflective of market conditions and 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.

Unsecured 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 an unsecured business loan from Spotcap?

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Sign up

Enter basic personal and business information to apply for an unsecured 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 approved

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