Unsecured Business Loans
New Zealand

If You Do This Today, You'll Be All Set For Success With a New Zealand Business Loan

Unsecured Business Loans New Zealand

A New Zealand unsecured business loan is quick and simple in applying for. Get a quick apporval and use the money to grow your business.

  • Are additional funds able to help your company in working capital, or for the potential for growth?
  • How do you finance your company needs?

You can expect:

  • Easy to apply and receive approval and cash as quickly as tomorrow
  • Optionally no reayments in the first four weeks
  • From $5k to $500K in loans
  • Terms from 3 to 36 months
  • Competitive rates of interest prices
  • Minimal docs needed

The conditions for eligibility for an unsecured business loan to be made in New Zealand are fairly minimal.

I'm able to get my taxes back to keep me on track.
Small Business Owner
I can now hire a marketing expert to increase the success of my company to the next level.
Growing New Zealand Business
I am now able to make the coffee I serve my clients with the very best equipment.
Cafe Owner
I'm now able to go on time off knowing that it is safe knowing that New Zealand business will run smoothly.
Local Business Owner
Business loans, specifically an unsecured unsecured business loan or line of credit for business financing need to not become a difficult process. Business finance in the form of small business loans with an interest rates and repayment period that fits the needs of your business financial needs.
Business Lenders for Business Goals
Business loan interest rates and repayment conditions, and flexible repayment options to suit you business requirements.
Business Lending Options
Simple loan application procedure with a large amount of borrowing capacity, a low requirements for credit and no requirement to create a business plan. Do not use your personal credit card and business credit cards in order to fund your business.
Unsecured Loans Made Simple
I am now able to fund the construction of our fresh New Zealand resturant without having to borrow cash from other resturants.
New Zealand Resturant Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for business loans in New Zealand company financing within New Zealand with us is simple and only takes about a couple of minutes, there are no long lines of paperwork or waiting in line.

Get approved and receive your funds within one to two business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our goal is to assist New Zealand companies of all kinds, including medium, small and even solopreneurs access funds quickly so that they can use the loan to grow and build.

  • It starts with an easy online application or phone call
  • Flexible terms for repayment to fit your company
  • Fast cash in just a day or two days
  • We want you and your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • A minimum of six months in business
  • At least $6,000 in income per month
  • You must be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for proof of identity
  • Make sure you have an account with a New Zealand bank as your primary account for trading
  • Bank statements from the previous six months

Need more funds? Check out the guidelines for eligibility for our $100K to $500K company loans.

Here's How Other People Have Benefited

Examples of Business Loans

The busy Christmas season was approaching, a clothing store required working capital in order to fund extra inventory and benefit from discounts offered by suppliers. They secured $20K over the course of 12 months without security for assets and received the funds within 24 hours.
Clothing Store
A plumber who's been in business for 3 years, with the monthly revenue of $80K was looking for additional funding. They borrowed $153K over the course of 36 months. All that was required to be provided was 12 month bank statements as well as confirmation of the loan's status with IRD. The process was completed in less than a day and the plumber got their extra working capital in ther account soon afterward.
Plumber
A restaurant owner was wanting to open a second location and needed funding to installation. Their bank was not interested in helping. Typical monthly revenue for them was $50K. They were able to borrow $66K in 24 months. Turnaround was only 8 hours.
Restaurant Owner
A designer for interiors had seen an opportunity to expand their company and required working capital to finance the expansion. With monthly revenue of $300K they took out a loan of $250K for 24 months. Turnaround time for them was only 2 days, and all they needed to present was 12 months of bank statement IRD confirmation, as well as their trust deed.
Interior Designer
Following the purchase of a pizza place and 2 liquor stores six to 12 months earlier the new owners were seeking more funds. The total revenue of the two stores was more than $500K per month . The owners were able to obtain $300K, split out as $100K per store on the option of 24- and 36 month terms. No security over the owners homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
Simple eligibility checklist

Larger New Zealand Business Loan Eligibility Criteria

The criteria to be eligible of the larger New Zealand business loans of between $100K and $500K consist of:

  • A minimum of 3 years of business
  • A minimum of $700K annually in income
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as identification
  • Have a New Zealand bank as your principal trading account
  • Bank statements from the last six months
  • Certain financial statements, such as Profit & Loss and the Aged Accounts Payable and Receivable

You are looking for a lesser amount of funding? Find out the guidelines for eligibility for our $5K to $100K New Zealand unsecured business 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 for nearly every business use. Get in touch with us today.

  • Renovate or expand commercial spaces
  • Hire more staff for busy times
  • Boost stock quantities to meet demand
  • Make a brand new website or increase your marketing
  • Make sure you invest in new tools, equipment or new technologies
  • Purchase extra stock to cover seasonal demand
  • Manage cash flow fluctuations
  • Plus many more …

Are you looking to start one of these options as early as tomorrow? Then get in touch with us or send your application online for the quickjest fasted way.

Quick application checklist

What do you need to apply

All you need to get started is your contact information (the name of your company and your name, as well as email, phone) and the amount you’d like to borrow and your monthly revenue.

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

  • Information on Idenfication (valid Driver’s Licence)
  • Business information including trading times as well as ownership information and the NZBN (New Zealand Business Number)

Additionally after we get started in the process, for loans greater than $150,000 you’ll also need the following financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Apply Now







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    Here's How Others Have Benefited

    Examples of Business Loans

    An interior designer had noticed an opportunity to increase the size of their business and required working capital in order to finance this growth. With monthly revenue of $300K they took out a loan of $250K for 24 months. Their turnaround time was only 2 days, and all they had for them to present was 12 months of bank statements along with IRD confirmation and their trust deed.
    Interior Designer
    Acquiring a pizza place and 2 liquor stores six to 12 months prior, the new owners were looking for additional cash. The revenue total was greater than $500k per month. They could have borrowed $300K. The loan was split into $100K per store with two different 24 and 36 months. No security over the owners houses was needed.
    Owner of a Pizza Store & 2 Liquor Stores
    The owner of a tiny grocery store doing $70K a month borrowed $76K over a 24-month period with no repayments during the initial 4 weeks. The loan required 12 months of bank statements. The turnaround time was only 6 hours from application to getting the funds.
    Grocery Store Small Business Loan
    A gym that had been operating for over three years decided to increase its size and needed additional equipment. With monthly revenue of $37K they borrowed $72K over a 24 month period. No security was required for the loan and it was ready in just 24 hours.
    Gym
    With the busy holiday season coming up, a store selling clothing required working capital in order to buy more inventory and to take advantage of discounts offered by suppliers. They secured $20K over the course of 12 months, with no security for assets and received the funds in 24 hours.
    Clothing Store

    The lending landscape has changed

    In the wake of traditional lenders and banks restricting credit as well as the continuous stream of alternative and non-bank loan providers entering the market offers an incredible source to take advantage of.

    New Zealand SME’s are now being able to get finance from alternate lenders servicing New Zealand who are focused on facilitating company growth or smoothing out problems with cash flow. The past was when personal credit sources (drawing equity from the home loan, or using credit cards or personal loans, as well as overdrafts) were the only alternative financing services in New Zealand that were available.

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

     

     

    High level summary

    Separate personal and business debt

    There are many benefits with separating personal and business debt.

    • Your home, or other investments, aren’t tethered to allow access to funds
    • This company stands in more favourable place to develop its own, solid credit history
    • It’s much more straightforward when it comes to tax time
    • Businesses are able to easily review how they are performing, monitor and plan on the ability to clearly assess their cash flow position

    Reduce your risk, 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 individual and company assets apart can be that your house isn’t necessarily tied up for access to the money. In the case of a business loan within New Zealand up to $100K the security of assets won’t be required so in the event that the borrower has met the loan requirements.

    Credit history

    Companies will be in a favourable long-term position if they can show good credit and debt ability to service.

    Tax

    It is crucial to separate personal from business finances makes it more seamless in the event of tax time - particularly when identifying what is the tax deductible allocation. The IRD has laid out rules on the evidence required for claiming deductions on an individual’s tax return. This is an area that the IRD have specifically advised on.

    Cash flow

    A well-organised cash flow management system is crucial to the long-term success that of any business. Through keeping your personal finances and business finances separate, companies can easily view how they are performing, monitor and plan on the ability to effectively evaluate their cash flow situation.

    Business loan interest rates and repayment conditions, and flexible repayment options to meet you business needs.
    Business Lending Options
    I'm now able to prepare beverages for clients with the very best equipment.
    Cafe Owner
    Business loans, in particular those that are unsecured business loan or line of credit to business funding need not be a tense procedure. Business finance can be in the form in the form of small business loans at an interest rates and repayment time that fits your company liquidity.
    Business Lenders for Business Goals
    I can get my tax back on time.
    Small Business Owner
    I'm now able fund the fitout of our modern New Zealand resturant without having to borrow cash from other resturants.
    New Zealand Resturant Owner
    I'm now able to hire a marketer to increase the success of my business to the next step of business growth.
    Growing Business
    A simple loan application process with a generous loan limit, with minimal requirements for credit and there is no need to provide a business plan. You no longer need to use your personal credit card and company credit cards to fund your company.
    Unsecured Loans Made Simple
    I'm now able to go on an extended vacation knowing that it is safe knowing that New Zealand company will run without a hitch.
    Local Business Owner
    FAQ: business lending & business loans for business owners

    Business Loans Frequently Ask Questions

    About The New Zealand Small Business Loans

    Tell me more about New Zealand Small Business Loans

    New Zealand unsecured loans provides 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 makes what makes the Unsecured Loan different from an traditional company loan?

    It is possible to apply for your Small Business Loan in under 10 minutes on the internet or by phone. You will receive a same day response and the funds could be on your account within 24 hours. Traditional business loans are based on an annual rate of interest as well as other fees and charges. We offer a business loan is an upfront priced loan and you’ll know ahead of time the total amount payable including any fees, interest or charges. Then, it is broken down into a daily or weekly payment amount.

    What could you use the Small Business Loan be used for?

    It is a Small Business Loan can be used to fulfill almost every business purpose including control of cash flow company improvements, advertising, to purchase inventory or new equipment, to fund general working capital and so much more. The loan cannot be used to fund personal expenses.

    About larger New Zealand Business Loans

    What is the Larger New Zealand Business Loan?

    The Larger Business Loan is a larger size loan to aid in business growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term with a maximum of 36 months. The repayments are made weekly or fortnightly to work with the flow of cash.

    How’s the Origination Fee determined?

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

    Can I get the Larger Business Loan?

    To be eligible for a credit in this amount, your business needs to be trading for at least 3 years with an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.

    What can I use the funding for?

    A Larger Business Loan can be used to fund almost all business use, including company renovations, purchase of new equipment or inventory for general working capital, and much more. The loan is not available for personal use.

    Is the Larger Business Loan one that is secured?

    Asset security is necessary for accessing funds over $150,000. This can be done as a result of an charge against assets and can include the registration of this through the PPSR or filing a caveat.

    A director’s or personal ensure is a promise to repay credit that is generally based rather than stating the security for a particular asset. The person signing the guarantee is personally liable if the company creditor is unable to re-pay the debt.

    The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It records security interests that have been that are registered for personal property (including goods or assets). The PPSR gives preference over private property assigned according to the date a security interest has been registered.

    A caveat is a legal document filed to offer the legal claim to property.

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

    If you’re applying for a Larger Business Loan that is greater than $250,000 it is possible to offer an initial pre-approval to ease the process. We may be able to make this decision without a credit check, and within 6 hours of the initial application. The pre-approval process is based on an initial evaluation that involves you answering a few financial well-being checks. It is neither an offer nor a guarantee of finance. A conditional approval is subject a full credit assessment and any offer you may receive may have different conditions.

    Application process

    Do I have the right to receive funds?

    You may apply for an business loan if you;

    • are a New Zealand Citizen (or Permanent Resident)
    • are over 18 years, own a New Zealand business (with a valid NZBN/IRD)
    • must show at least six months of business (for the unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K to $500K)

    How do I apply?

    The application process is simple and simple. Just complete the online application in few minutes and a dedicated company credit specialist will call you to help you.

    To apply for up to $100,000, you’ll need proof of identity (valid Driver’s Licence), a valid NZBN/IRD and at least 6 months of bank statements.

    For larger loan sizes, you’ll require:

    $100K-$250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if credit is over $150K).
    $250K to $500K: Application details including credit consent as well as 12 months of bank records, IRD statement as well as the two most recent years’ financial statements, and interim financial statements for the current year including Aged Payables, Aged Receivables summary.

    How quickly will I receive an answer?

    For an unsecured loan ($5K or more) We can usually provide an answer within one hour, provided you submit your request during standard business time and permit us to use the advanced bank verification system link to instantly verify your bank information online. If you decide to send us copies of your bank statements , we are able to provide an answer within just an company day.

    For the Larger Business Loan ($100K up to $500,000) we might be in a position to offer you with pre-approval conditional to your application within about 6 hours. After you’ve signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval. However, this could be shorter based on the particular circumstances of each application. Some transactions have received approval within the space of 24 hours.

    The fastest way can be ensure you apply during standard company hours and let us use the advanced bank verification system to confirm your bank details online. If you opt to send us copies of your bank statement, it can take a bit longer.

    What is the time frame to receive the funds?

    For the Small Business Loan ($5K to $100K) We can usually offer an answer within an hour – as long as you submit your request during standard business timings and let us make use of the advanced bank verification system link to instantly verify your bank details online. If you opt to send us copies of your bank statements, we will be able to offer an answer in just 1 business day.

    If you are applying for Larger Business Loans ($100K to $500K) We may be able to offer the conditional pre-approval within 6 hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this may be quicker depending on the particular circumstances of each application. Certain deals have been approved in just 24 hours.

    The most effective method would be to ensure you apply during standard business hours, and permit us to use the advance bank verification link to instantly verify your bank information online. If you decide to send us copies of your bank statement, it may take a bit longer.

    What’s the minimum amount I can borrow?

    We provide loans that range from $5,000 to $500,000. When you make an application for a specific amount we look at a variety of factors that determine the health that is your business and the amount of repayments that your company is able to afford. The total amount of the loan will be determined by the specifics that are unique to your business.

    When you submit an application for a set amount, we will consider a number of variables to determine your health that is your business and the amount of repayments that your business will be able to support. The total amount of the loan will be determined by the specifics the company.

    Fees & repayments

    How much should you charge for the cost of a business loan?

    If you decide to make an application for one of our company loans, we will assess the risk assessment that you have for your business and offer you with a customised proposal that includes the amount of loan, the term and the interest rates. The company loan is an upfront cost loan and you’ll know in advance the total amount due, which includes any charges or interest.

    What is the factor that determines the price I’m charged?

    Interest rates for company loans rates depend on a variety of variables like the amount to be borrowed, the business assets the funds will be used for and the sector the business is operating in, how long the business has been in operation and what percentage of the business has enough cash flow to fund the loan, and also the general health or financial standing of the business.

    What are the costs?

    There aren’t any hidden charges with our business loans, and you’ll know precisely how much you’ll be required to pay and when, right from the very first day. There’s not any compounding interest and there are no additional charges (as as long as you pay your payments punctually).

    We do not charge an Application Fee. You can apply for a loan absolutely no upfront cost and no obligation to proceed.

    The Origination Fee covers the expenses involved with establishing and managing the loan. This is only a fee if you proceed with the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.

    Can I pay off the loan in advance?

    You may choose to pay back the entire amount of the loan at any point in time.

    If you choose to do this please call our helpful business loans specialists. They’ll provide you with the details of your repayment and an early payout figure. This is calculated as the total of the principal remaining and any accrued interest at the time of early payout and 1.5% of the principal amount remaining and any fees that remain unpaid.

    How do you make repayments work?

    To help you avoid missing payments and to work with your cash flow general, we offer repayments that are either weekly or daily. These are automatically deducted from your business account.

    Security & privacy

    Will my information be protected?

    Making sure that your information is secure, and making it clear how we collect data, process, exchange and protect your information, is crucial and a vital element of our relationship with you.

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

    Yes. We use industry recognised encryption protocols to safeguard your personal, sensitive financial information and our funders are ISO 27001 qualified for our commitment to security for our customers and security. We utilise a sophisticated bank verification system that allows you to instantly confirm your bank account information online. This allows us to offer rapid response.

    About business loans

    How do you define asset-based lending (a secured loan)?

    The term “asset-based” refers to borrowing where the company owner utilises an asset that they own to make the funding. The asset can be either an asset belonging to the personal, like the family home or an company asset such as a vehicle or piece of equipment.

    The vast majority of the lenders even the banks with the biggest size, prefer to guarantee loans against an asset. If you’re having trouble paying back the loan then the asset might be sold by the lender. In essence it is means of securing new financing by making use of the value of what you already own.

    Should I require security to get a business loan?

    Up to $150,000 in loans the requirement for asset security is not required before you are able to access the money however, we require a personal guarantee. require an individual guarantee. In the event that you fulfill your loan obligations (as detailed in your loan contract) Asset security is not required. For loans over $150,000 generally there is personal ensure and security is provided in the form of the charge of assets.

    Industries we currently aren't able to help with

    • Anything adult industry related
    • Auction websites & auction houses
    • Debt collection companies & debt purchasers
    • Direct marketing including direct-mail, mail order, fundraising, telemarketing etc
    • Finance lenders or institutions
    • {Firearm related businesses
    • Foreign currency exchange offerings
    • Customs clearing houses and freight forwarding
    • Gambling related industries
    • Not-for-profit organisationsincluding charities, churches etc.
    • Smash repairers & panel beaters
    • Pawnbrokers & pawn shops
    • Property development
    • Investment business, shares & stockbrokers
    • Tattoo palours
    • Taxi & ridesharing services
    • Ticket resellers or entertainment sales
    • Towing services
    • Used vehicle dealerships
    • Car glass tinting
    • Automotive wrecking yards

    We can’t assist with an unsecured business loan in those industries, we might be able assist with a 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

    Contact Us

    Contact Us

    Contact Us

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    0800 102 591






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