FAQs
Common questions
Answers for lenders and for business borrowers. The current disclosure statement is always the authoritative source.
LendCap is a New Zealand peer-to-peer lending service operated by Crowdsphere Limited (FSP360186). Registered lenders review individual business lending opportunities and choose whether to participate; business borrowers apply for business-purpose funding, which is assessed before any opportunity is presented. Returns vary by opportunity and lending involves risk, including capital loss.
For lenders
- What is peer-to-peer lending?
- Peer-to-peer lending connects people and entities who want to lend with borrowers seeking funds. LendCap, operated by Crowdsphere Limited (FSP360186), assesses and presents opportunities and administers the loans. Registered lenders decide, opportunity by opportunity, whether to participate.Read more: How peer-to-peer lending works
- Do I have to commit funds when I register?
- No. Registering as a lender, including the standard identity and anti-money-laundering onboarding, does not commit you to fund anything. You choose whether to participate in each individual opportunity.Read more: Lend
- What information will I see before deciding?
- Registered lenders receive the formal offer material in the secure environment at app.lendcap.co.nz. That typically covers borrower background, business and financial information, the proposed security and loan documents, and the risk information relevant to that opportunity.Read more: Opportunities
- Is my return guaranteed?
- No. Returns are specific to each opportunity, vary between opportunities, and are never guaranteed. Payments are subject to tax, applicable fees, and default and collection risk.Read more: Risk & Security
- What does property security mean?
- It means a security interest is registered over a property supporting the loan, giving a defined position to pursue if the borrower defaults. It may support recovery. It does not guarantee repayment, the timing of recovery, or the value realised on sale.Read more: What property security helps with
- What happens if a borrower defaults?
- Monitoring and collections follow the process set out in the formal loan and security documents. Recovery takes time, incurs costs, and can result in a shortfall, meaning partial or total capital loss for lenders.Read more: Risk & Security
- What fees do lenders pay?
- Lender fees are set out in the current Peer-to-Peer Lending Service Disclosure Statement and the current lender agreement. Please read the current documents on the Fees & Disclosures page. No fee figures are published outside those documents.Read more: Fees & Disclosures
- How are funds and repayments handled?
- Funds, settlement and repayments are administered through the secure platform in accordance with the current disclosure statement and lender agreement. The mechanics for a specific opportunity are set out in its offer material.Read more: How peer-to-peer lending works
For business borrowers
- Who can borrow through LendCap?
- New Zealand business borrowers seeking funding for genuine business purposes. Eligible entity types and any current statutory limits are set out in the current disclosure statement and confirmed during assessment.Read more: Indicative lending criteria
- Does the loan have to be for a business purpose?
- Yes. LendCap facilitates business-purpose lending only. Consumer mortgages and personal loans are outside the service, and the business purpose is tested before an application progresses.Read more: Borrow
- What property security may be considered?
- Registered security over property, where appropriate to the transaction. Ranking and structure are assessed case by case; nothing about the security is published publicly in identifying terms.Read more: Indicative lending criteria
- What information do I need to provide?
- Typically the funding purpose, amount and timing, business profile and trading history, financial information, ownership details and the proposed security, along with supporting documents requested during assessment.Read more: Deal types we consider
- Can short-term or bridging finance be considered for a business purpose?
- It can be assessed where the purpose is a genuine business purpose and there is an identified, evidenced exit such as a sale, refinance or settlement. Assessment focuses on the credibility of that exit.Read more: Business bridging finance
- What happens if the offer isn't fully funded?
- An opportunity proceeds to settlement only where it is fully funded and documentation is complete. If it is not fully funded, it does not settle, and LendCap will discuss the position with the applicant.Read more: How peer-to-peer lending works
- What borrower fees apply?
- Borrower fees are set out in the current borrower terms and fee schedule available on the Fees & Disclosures page. Fees applicable to a specific transaction are confirmed in writing before it proceeds.Read more: Fees & Disclosures
- How long does assessment and funding normally take?
- Timing depends on the transaction, the completeness of the information provided and the security involved. LendCap does not publish an assessment or funding timeframe, and no approval time is promised.Read more: How assessment works
For advisers
- How is referring a deal different from applying directly?
- A referral is a short, non-identifying triage enquiry: enough for LendCap to say whether it is worth progressing, and no more. A direct application goes straight into full assessment. Either way, nothing is presented to lenders before assessment is complete.Read more: Advisers & Referrers
- What if the right lender isn't in LendCap's own peer-to-peer network?
- LendCap can look for a lender in the non-bank market instead. The adviser keeps the client relationship, LendCap manages the lender relationship, documentation and settlement, and if the deal settles the broker fee is shared with the adviser, typically 1-2% of the loan amount.Read more: Non-bank broking
- Does referring a deal commit my client to anything?
- No. A referral is assessed on its own merits before anything progresses. Please do not send borrower personal information, financial statements or documents through the referral form, anything beyond triage detail belongs in the secure application environment.Read more: Advisers & Referrers
About LendCap
- Who operates LendCap?
- LendCap is the trading name of Crowdsphere Limited, FSP360186, a New Zealand company licensed by the Financial Markets Authority to provide both equity crowdfunding and peer-to-peer lending services.Read more: About LendCap
- Is LendCap licensed?
- Yes. LendCap operates under Crowdsphere Limited's Financial Markets Authority licence to provide peer-to-peer lending services. The current disclosure statement sets out the licence conditions and is the authoritative source.Read more: Fees & Disclosures
- How do I get in touch with LendCap?
- Use the contact form to reach LendCap directly, indicating whether your enquiry is as a lender, borrower or adviser so it reaches the right team.Read more: Contact
Last reviewed: 7 September 2026