Unsecured Business Loans
New Zealand

Today, You'll Be Getting Ready For Success By Obtaining a New Zealand Business Loan

Unsecured Business Loans New Zealand

A New Zealand unsecured business loan is simple and quick to apply for. Approve your loan in a matter of minutes and use the money in your company.

  • Do you think that additional funds could help your company by allowing you to work capital or in achieving a growth opportunity?
  • How are you financing your business requirements?

What you can expect:

  • Simple process to apply and get approved and money as early as tomorrow
  • Optionally no reayments in the first four weeks
  • From $5k to $500K in loans
  • Terms from 3-36 months
  • Competitive rates of interest rates
  • Minimal docs

The criteria for eligibility for an unsecured business loan for a business loan New Zealand are fairly minimal.

I'm now able to hire an specialist marketer to increase the success of my business to the next step.
Growing New Zealand Business
I'm now able make the coffee I serve my clients with the very best equipment.
Cafe Owner
I'm able to get my tax back on time.
Small Business Owner
Simple loan application procedure with a huge borrowing limit, minimal requirements for credit, and no requirement to present a business plan. You no longer need to use your personal credit card or company credit cards as a way to fund your company.
Unsecured Loans Made Simple
I'm now able to go on vacation knowing that my New Zealand business will run smoothly.
Local Business Owner
Business credit rates and repayment terms and flexible repayment options to meet your company needs.
Business Lending Options
I'm now able to finance the remodel of our brand newly constructed New Zealand resturant without having to pull cash from the other restaurants.
New Zealand Resturant Owner
Business loans, specifically an unsecured unsecured business loan or line of credit to business financing require not be a stressfull process. Business finance in the form of small business loans that have an interest rates and repayment schedule that is suitable for your company cash flow.
Business Lenders for Business Goals
Unsecured Business Loan Service Provider

Fast Approval Process

Requesting business loans in New Zealand business financing for business in New Zealand with us is simple and only takes less than a minute, with no piles of paperwork or long waits.

Approved and receive funds within 1 – 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our focus is to assist New Zealand companies of all sorts small, medium even soloprenuers to get access to money quickly, so that they can use the loan to grow and build.

  • It all starts with a simple online application or phone call
  • Flexible terms for repayment to fit your business
  • Fast and prompt funding within a single day or two
  • We want both you and your company to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for getting an unsecured business loan in New Zealand of between $5K and $100K are fairly minimal.

  • Minimum of 6 months in business
  • A minimum of $6,000 in revenue per month
  • You must be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for identification proof
  • You should have a New Zealand bank as your primary account for trading
  • Bank statements from the past 6 months

Need more funds? Check out the conditions of eligibility for our $100K-$500K company loan.

Here's How Other People Have Benefited

Examples of Business Loans

A company coach wanted to invest in a health and beauty business. With just under twelve thousand dollars in monthly income they borrowed $24K in 24 months. This only required the submission of 12 months' bank statement and was done in 8 hours.
Business Coach
An interior designer had spotted an opportunity to grow their business and needed working capital in order to finance this expansion. With an annual revenue of $300K they borrowed $250K over the course of 24 months. Their turnaround time was just 2 days and all they had for them to present is 12 months' worth of Bank statements IRD confirmation, IRD confirmation and trust deed.
Interior Designer
A gym that had been in operation for more than 3 years, was planning to expand and needed more equipment. With monthly revenue of $37K they borrowed $72K over a 24- month period. The loan was not secured and the loan was ready to go within 24 hours.
Gym
A restaurant owner wanted to open a second establishment and needed money to fund the fit out. The bank was not willing to help. The average monthly income for them was $50K, and they were able borrow $66K over the course of 24 months. The turnaround time was 8 hours.
Restaurant Owner
The owner of a modest supermarket that was making $70K a month borrowed $76K over a 24-month term with no repayments for the first 4 weeks. This had a requirement of 12 months' bank statements. The turnaround time was only 6 hours from submitting the application to receiving the money.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger New Zealand Business Loan Eligibility Criteria

The criteria for eligibility of loans from larger New Zealand business loans of between $100K and $500K include:

  • Minimum of 3 year’s experience in business
  • A minimum of $700K annually in income
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for evidence of identity
  • Use an account at a New Zealand bank as your primary account for trading
  • Bank statements from the previous six months
  • Some financial statements such and Profit & Loss and the Aged Accounts Payable and Receivable

You are looking for a lesser amount of capital? Look over the eligibility requirements for our $5K-$100K New Zealand unsecured company loans.

Business Lending for a Cash Injection

What do you want to use the business loan in New Zealand for?

A New Zealand unsecured loan is great to use for every business need. Talk to us today.

  • Remodel or expand a commercial premises
  • Staff expansion for busy times
  • Boost stock quantities to meet demand
  • Build a new website or boost your marketing
  • Put money into the latest equipment, tools or the latest technology
  • Make sure you have extra stock on hand to meet the seasonal demand
  • Manage cash flow fluctuations
  • Plus many more …

Are you looking to start one of these options as early as tomorrow? Get in touch with us today or send an application online to get the fastest and most effective process.

Quick application checklist

What do you need to apply

All you need for starting is your contact information (the name of your company, your name, email and phone) along with the amount you want to borrow, and your monthly revenue.

In the course of the process and before settlement we will require confirmation of who you are, but not for starting:

  • Idenfication details (valid Driver’s License)
  • Details of the business including time of trading as well as ownership information and details of ownership and trading time, as well as NZBN (New Zealand Business Number)

Once we’ve started in the process, for loans greater than $150,000 you will also need basic financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started.

Here's How Others Have Benefited

Examples of Business Loans

A business coach wanted to invest in a health and beauty company. With just over twelve thousand dollars in monthly income they borrowed $24K in 24 months. The loan required the submission of 12 months' bank statement and was done in only 8 hours.
Business Coach
A designer for interiors had seen an opportunity to increase the size of their company and required working capital to finance this expansion. With an annual revenue of $300K they took out a loan of $250K for 24 months. The time to turn around for them was just two days, and all they needed for them to provide the required documents were twelve months' bank statements, IRD confirmation, and trust deed.
Interior Designer
A plumber who's operated their business for 3 years, with monthly sales of $80K was in need of more funds. They took out a loan of $153K for the course of 36 months. All that was needed is 12 months worth of banking statements as well as confirmation of their status with IRD. The process was completed within one day, and the plumber received their additional working capital available in their account within a short time.
Plumber
A gym that was operating for over three years decided to increase its size and required additional equipment. With a monthly income of $37K, they borrowed$72K over a 24 month period. The loan was not secured to secure the loan. It was ready in the span of 24 hours.
Gym
A restaurant owner was wanting to open a second location and needed funds for the renovation. Their bank was not interested in helping. The average monthly income for them was $50K and they were able to get a loan of $66K over 24 months. The turnaround time was 8 hours.
Restaurant Owner

The lending landscape has changed

In the wake of traditional lenders and banks tightening credit conditions, the steady stream of non-bank and alternative loan providers that are entering the market offers a great resource to make use of.

New Zealand SME’s are now in a position to obtain finance via alternative lenders who service New Zealand who are focused on facilitating company expansion or smoothing out problems with cash flow. The past was when personal credit sources (drawing equity from a home loan or credit cards in addition to personal loans and the overdraft) provided the most viable alternative financing solutions in New Zealand that were around.

There’s no need for you to depend on using real estate to secure business credit. With an unsecured loan, business financing is easy. Instead of a loan for a term with banks, business finance for a small company with interest rates and loan terms that can help to manage cash flow are available as business credit options.

High level summary

Separate personal and business debt

There are many advantages associated with the separation of personal and company debt.

  • Your home or other investmentsaren’t tied for the purpose of accessing funds
  • This company will be in better place to develop its own, clear credit history
  • It is much more seamless for tax time
  • Businesses are able to easily review the situation, track and plan based on the ability to clearly evaluate their cash flow situation

Limit your exposure, make the tax process easier, get started with an unsecure busines loan. Apply today.

For those who like the detail

Separate personal and business debt

Risk

One major benefit of keeping your private and company assets separate is that your house isn’t tied for access to the money. In the case of a business loan within New Zealand up to $100K, asset security will not be required as long as the borrower is able to meet their loan obligations.

Credit history

Businesses will be in a favourable long-term financial position if they are able to demonstrate credit/debt ability to service.

Tax

Separating personal and business finances makes it significantly more straightforward with regards to tax time - particularly when identifying what is the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has laid out guidelines for the documentation required to claim deductions on an organisation’s tax return. This is an area that the IRD have specifically advised on.

Cash flow

A well-organised cash flow management system is vital to the long-term success for any company. Through keeping personal and company finance separate, companies can easily view, monitor and plan based on the ability to effectively examine their cash flow.

I'm now able to prepare the coffee I serve my clients with the very best equipment.
Cafe Owner
A simple loan application process with a huge loan limit, with minimal requirements for credit, and there is no requirement to present a business plan. Don't use your personal credit card or company credit cards in order to finance your business.
Unsecured Loans Made Simple
I'm able get my tax back on track.
Small Business Owner
I can now hire a marketer to boost my company to the next step of business growth.
Growing Business
I'm now able to finance the construction of our modern New Zealand resturant without having to borrow cash from other restaurants.
New Zealand Resturant Owner
Business loan interest rates and repayment terms as well as flexible repayment options that can be tailored to what your business needs.
Business Lending Options
I'm now able take a holiday knowing I am confident that my New Zealand business will run well.
Local Business Owner
Business loans, particularly an unsecured business loan or line of credit for business financing require not be a stressful process. Business finance in the form in the form of small business loans at a fixed interest rates and repayment period that fits your company budget.
Business Lenders for Business Goals
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Information About The New Zealand Small Business Loans

Let me know what you think of the New Zealand Small Business Loans

New Zealand unsecured loans offers the range of $5,000 to $100,000, with terms ranging from 3 and 24 month and cash flow friendly repayments which can be made daily or weekly.

What is what makes the Unsecured Loan different from an ordinary company loan?

It is possible to apply to your Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get a same day response and funds may be in your account within 24 hours. Traditional company loans are based on an annual rate of interest along with other charges and fees. We offer a company loan is a cash-based loan and you’ll be aware of the total amount due, which includes the interest, fees and charges. This is then broken down into either weekly or daily amount to be paid back.

What could the Small Business Loan be used for?

A Small Business Loan can be used for nearly any business purpose including the management of cash flow, company remodels and marketing to purchase inventory, new equipment, or as general working capital and so much more. The loan cannot be used for personal purposes.

About larger New Zealand Business Loans

What is the Larger New Zealand Business Loan?

The Larger Business Loan is a larger amount of loan to help business expansion opportunities. Loans are between $100,000 and $500,000 for a fixed period of with a maximum of 36 months. Repayments are either weekly or fortnightly, depending on your situation.

How is the Origination Fee determined?

It is crucial to note that the Larger Business Loan has an Origination Fee that is determined at 2.5% of the loan amount.

Do I qualify for the Larger Business Loan?

To qualify for a loan of this size, your company needs to have been in operation for at least 3 years with an annual turnover of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand company (with a valid NZBN/IRD) and be able to prove at least 12 months of trading.

What can the funds be used for?

A Business Loan of a larger size is a great option for almost all company use, including business renovations, to purchase equipment or inventory or as general working capital and so much more. The loan cannot be used to fund personal expenses.

Is the Larger Business Loan a secured loan?

Asset security is needed to obtain funding above $150,000. This is in the form of a charge against assets and can include registration through the PPSR or registering a caveat.

A director’s or personal guarantee is a commitment to pay back a loan that is generally based rather than defining the security for a particular asset. The person who signs the ensure is personally liable if the company lender is not able to repay the debt.

The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including goods or assets). The PPSR gives the priority of personal property granted according to the date a security interest has been registered.

The caveat can be described as a formal document filed to offer an official notice of a claim to property.

What is a pre-approval that does not require Credit Check?

If you’re requesting a Larger Business Loan of $250K or more it’s possible to offer an initial pre-approval to simplify the process. It is possible to do this without a credit verification and within six hours of your initial application. This pre-approval is based on an initial evaluation that involves you answering a few financial well-being questions. It is not an offer or guarantee of credit. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you might receive could be based on different terms.

The application process

Can I be eligible for funding?

You may be eligible for an company loan if you:

  • are a New Zealand Citizen (or Permanent Resident)
  • are at least 18 years old, own a New Zealand business (with a valid NZBN/IRD)
  • you must prove at least 6 months of trading (for the unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K up to $500K)

How do I apply?

The application process is simple and simple. Simply complete the online form in just a few minutes, and a dedicated company credit specialist will be in touch to guide you.

For a loan of up to $100,000 you’ll need the right identification documents (valid Driver’s Licence) as well as a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.

In addition, for larger loan sizes, you’ll need:

$100K – $250K: Application requirements, including credit consent, 6 – 12 months of bank statements, IRD statement (if loan above $150K).
$250K-$500K: Details of the application, including credit consent and 12 months bank statement, an IRD statements, last 2 years finalised financial statements, plus interim financials for the current financial year including Aged Payables, Aged Receivables reports.

What speed will I be able to get an answer?

For an unsecured loan ($5K and up) we typically offer a response in one hour – as long as you submit your request at quality business timings and permit us to make use of the advanced bank verification system to instantly verify your bank information online. If you choose to upload copies of your banking statements we can offer an answer in as little as 1 company day.

For Larger Business Loans ($100K to $500K) we may be likely to provide the conditional pre-approval in around 6 hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval. However, it could be faster based on the circumstances of each application. Certain transactions have received approval within the space of 24 hours.

The quickest method for you to apply is ensure you apply during normal business hours and allow us to use the advanced bank verification system to confirm your bank details online. If you opt to send us the copies of bank accounts, it takes a bit longer.

How fast will I get the funds?

For the Small Business Loan ($5K or more) we usually provide a response in one hour – as long as you submit your request in normal business hours and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you choose to submit copies of your bank statement, we’ll provide the decision in just the span of one business day.

For Larger Business Loans ($100K or more) we might be capable of offer you with a conditional pre-approval within 6 hours. Once you’ve signed your pre-approval, the turnaround time is about 2-3 days for final approval. However, it could be faster based on the specifics of each application. Certain agreements have been approved in less than 24 hours.

The quickest method would be to ensure you apply during standard business hours. You can also let us use the sophisticated bank verification link to instantly check your bank’s information online. If you choose to send us the copies of bank statements it takes a bit longer.

What’s the minimum amount I can borrow?

We provide the loan amount between $5,000 to $500,000. When you submit an application for a specific amount we look at a variety of variables that determine how much we can lend you health for your business and the extent of the repayments your business can support. The amount you receive from your loan will depend on the particular circumstances the business.

If you apply for a specific amount we take into consideration a variety of factors to determine how much we can lend you such as well-being that is your company and the extent of the repayments your company will be able to support. The amount you receive from your loan will be determined by the particulars for your company.

Fees & repayments

How much do you charge for a business loan?

When you apply for our company credit, we’ll assess the risk assessment for your business and provide an individualised proposal that includes the amount of loan, the term and the interest rates. A business loan is a loan that is priced upfront so you will know in advance the total amount you will have to pay, including costs, fees, or interest rates.

What determines the amount I am charged?

Interest rates for company loans rates depend on several factors like the amount of money borrowed, what business assets the money will be used for, the industry the company is in, how long the company is in operation, what percentage of the business has sufficient cash flow to support the loan, and the general health and creditworthiness of the business.

What are the charges?

There aren’t any hidden costs with our business loans. You’ll be aware of the amount you need to pay and when, starting from the day you sign up. There’s no compounding and no extra fees (as as you make your payments punctually).

We do not charge an application fee. You can apply for a loan no cost upfront or any obligation to sign up.

The Origination Fee is the cost associated in establishing and managing the loan. This is only a fee if you proceed with the loan. The Origination Fee for us is 2.5 percent of the amount of loan.

Do I have the option of paying off the loan earlier?

You can decide to repay the entire amount of your loan early at any time.

If you are deciding to take this route, please contact our helpful business lending experts. They’ll provide you with details on repayment along with an early payout estimate. This will be calculated as the sum of the principal amount remaining and any accrued interest at the date of early payout and 1.5% of the principal remaining and any fees that remain unpaid.

What are the repayment methods?

To make sure you do not miss repayments and to fit in with your cash flow cycle we provide payments that are either daily or weekly. They are automatically deducted from your business account.

Security & privacy

Will my information be protected?

Protecting your information, and being transparent about how we collect information, use it, and exchange it, as well as protect your information, is vital and an integral aspect of our relationship with you.

Is it safe to link my bank account to the platform?

Yes. We utilise industry-recognised encryption standards to secure your personal, sensitive and financial data and our funders are ISO 27001 qualified for our dedication to the security of our customers as well as their privacy. We use an advanced bank verification system to immediately verify your bank account details online. This allows us to offer an immediate response.

About business loans

What exactly is an asset-based loan (a secured loan)?

An asset-based loan is when a business owner uses assets they own to get the loan. The asset may be an asset belonging to the personal, like the family home or a business asset such as a vehicle or piece or equipment.

The vast majority of lenders, not just the largest banks, are inclined to guarantee loans against an asset. If you’re struggling to pay back the loan, your asset may be transferred to the lender. In essence it is means of securing new financing by making use of the value of what you already own.

Do I need security to secure a business loan?

Up to $150,000 in loans no asset security is required upfront to access the money however, we do require the personal guarantee. As long as you follow the loan terms (as specified in the loan contract) and you are able to meet your obligations, asset security will never be required. If you take out loans in excess of $150K generally there is a personal ensure and security is provided in the form of a charge over assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses and auction websites
  • Debt purchasers & debt collection agencies
  • Direct marketers such as fundraising, telemarketing, mail order, direct-mail etc.
  • Finance institutions & lenders
  • {Firearm dealers
  • Foreign currency exchange solutions
  • Customs clearing houses & freight forwarding
  • Anything gambling related
  • Non-profit organisations such as charities, churches etc.
  • Smash repairers & panel beaters
  • Pawnbrokers & pawn shops
  • Property development
  • Stockbrokers, shares &invesment businesses
  • Tattoo studios
  • Ride sharing and taxi services
  • Ticket resellers and entertainment sales
  • Vehicle towing services
  • Secondhand automotive companies
  • Car glass tintingservices
  • Automotive dismantlers

While we aren’t able to help with an unsecured business loan for these types of industries, we may be able to assist you with secured business loan.

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NZ Business Loan Brokers Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

Apply Now

Apply Now

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Contact Us

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0800 102 591