Working capital solutions up to $250k for New Zealand businesses

Realise the potential of your business by ensuring it has the working capital finance it needs to remain competitive and thrive

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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 with no hidden fees

Peace of mind

Your application is processed rigorously and securely

What is a Working Capital Loan?

Businesses don’t fail because they don’t make a profit; they fail when they run out of money to pay their suppliers or their employees. A working capital loan is money that’s borrowed to ensure that day-to-day commitments can be met.

Working capital loans take many forms including borrowing on a credit card, invoice factoring, a bank overdraft or even a personal loan from a business owner. Such borrowing is often short-term and arranged in a hurry when the business realises its cash reserves are low.

A Spotcap loan offers similar flexibility and convenience to other forms of short-term borrowing with some additional advantages.

Working capital loans of up to $100k

What is a Working Capital Loan?

Businesses don’t fail because they don’t make a profit; they fail when they run out of money to pay their suppliers or their employees. A working capital loan is money that’s borrowed to ensure that day-to-day commitments can be met.

Working capital loans take many forms including borrowing on a credit card, invoice factoring, a bank overdraft or even a personal loan from a business owner. Such borrowing is often short-term and arranged in a hurry when the business realises its cash reserves are low.

A Spotcap loan offers similar flexibility and convenience to other forms of short-term borrowing with some additional advantages.

How can a Spotcap loan be your working capital loan solution?

  • Paying for vital new assets

    Whether it’s a new computer or a new vehicle, a single asset can make a huge difference to your capability to do business. A working capital loan can give you the confidence to buy what you need, when you need it

  • Funding a growing team

    It can take time before a new employee starts generating revenue for your business. By providing the capital to hire and pay them in those early days, a loan can help you grow

  • Cutting the costs of existing finance

    Some traditional forms of short-term finance, such as invoice discounting or asset finance, can lock you into arrangements that become inconvenient and costly. Spotcap finance allows you to repay early for no penalty, giving you more control

  • Keeping the payroll safe

    Paying your staff on time, every time, is an absolute essential. With a working capital loan facility in place, you know that funds are available if your bank balance needs topping up in time for payday

Working capital loans of up to $100k in Australia

Can Spotcap finance provide a working capital loan?

Because the cash reserves in your business can go up and down over a short period of time, it’s important to know where you can go for short-term finance if you need it.

Spotcap offers a working capital loan solution with the following benefits:

  • It costs nothing to arrange the initial line of credit, giving you somewhere to go for funds if you need them at short notice.
  • You can repay early to save on interest costs with no penalty charge.
  • It only takes around five minutes to apply for a Spotcap line of credit, through a prompt online process.

Our working capital finance solution is designed to be highly flexible, in order to meet the varying needs of businesses in New Zealand.

Spotcap working capital loans - the key facts

Loan amount

Our working capital loan solution can give you access to finance of between $10k and $250k

Loan terms

The early months of our finance arrangement give you a line of credit, allowing you to draw down what you need. Each withdrawal becomes a loan, with repayments that are typically monthly, over 1 to 12 months

Interest rates

Market conditions and your recent business performance determine the interest rate we charge on your loan. To estimate the interest rate and monthly repayments, use our business loan calculator

Criteria to qualify

Our loans are available to businesses registered in New Zealand with a minimum turnover of $200k that have been operational for 18 months and possess a New Zealand online bank account

* These are genuine reviews from Spotcap customers in Australia.

Working Capital Loan 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.

Applying for a working capital loan from Spotcap - the key steps

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Sign up

Enter your basic personal and business information online in order to begin the application process

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Complete the application

To make the process as simple as possible, provide us with read-only access to your online bank account and accounting software to complete your application

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Get approval

Having been approved, you’ll usually have access to your business loan within one working day