Unsecured Business Loans
New Zealand

Today, You'll Have Everything You Need to Be Successful By ObtainingThe Help Of a New Zealand Business Loan

Unsecured Business Loans New Zealand

A New Zealand unsecured business loan is simple and quick to obtain. Request a quick approval and use the money for your business.

  • Do you think that additional funds could help your company in working capital, or to realise a growth opportunity?
  • What are the very best ways to finance your company requirements?

What to expect:

  • Easy process to fill out and be approved for the funds will be available as early as tomorrow
  • Optionally , no reayments during the initial four weeks
  • Borrow from $5k to $500K
  • Terms from 3 to 36 months
  • Competitive rates of interest rates
  • Minimal documentation required

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

I am now able to fund the renovation of our new New Zealand resturant without having draw cash from other locations.
New Zealand Resturant Owner
Business loans with interest rates and repayment terms as well as flexible repayment options that can be tailored to what your business requirements.
Business Lending Options
An easy loan application process with a large amount of borrowing capacity, a low requirements for credit and no requirement to present a business plan. Stop using your personal credit card and company credit card to fund your business.
Unsecured Loans Made Simple
I'm now able take an extended vacation knowing that it is safe knowing that New Zealand business will run without a hitch.
Local Business Owner
I can get my tax back on time.
Small Business Owner
I'm now able hire an expert marketer to boost my company to the next step.
Growing New Zealand Business
I'm now able make coffee for my clients with the best equipment.
Cafe Owner
Business loans, especially an unsecured business loan or line of credit to business funding require not be a stressful process. Business finance can be in the form in the form of small business loans at a fixed interest rate cost, and with a repayment period that will suit the requirements of your business financial needs.
Business Lenders for Business Goals
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for a business loans in New Zealand with us is simple and only takes less than a minute, with no long lines of paperwork or waiting in line.

Be approved and receive your funds in one to two business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We are aiming 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 expand and develop.

  • It all starts with a simple online application, or phone call
  • Flexible repayment terms to meet the needs of your business
  • Quick funding in a day or two days
  • A team wanting for you as well as your company 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 to $100K are quite 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)
  • Drivers Licence or Passport for evidence of identity
  • Have a New Zealand bank as your principal trading account
  • Bank statements from the past six months

Looking for more funding? Find out the guidelines for eligibility for our $100K to $500K company credit.

Here's How Other People Have Benefited

Examples of Business Loans

The owner of a modest grocery store doing $70K a month borrowed $76K over a 24-month period, with no payments for the first four weeks. The loan required 12 months of bank statements. The time to turn around was just six hours from the time of application until receiving the funds.
Grocery Store Small Business Loan
A plumber who has had business for 3 years, with $80K in monthly sales was looking for more funding. They took out $153K on 36 months. All they needed was 12 months of bank statements as well as confirmation of the status with IRD. The process was completed within just a few hours and the plumber had their extra working capital in their account in a matter of hours.
Plumber
Following the purchase of a pizza place and two liquor stores six to to 12 months ago, the new owners were seeking additional funds. The overall revenue was $500K per month and they could borrow $300K, split out as $100K per store on the option of 24- and 36 months. No security over the owners homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
The busy Christmas season was fast approaching, a clothes store required additional working capital to fund extra stock and take advantage of discounts from suppliers. They took out a loan of $20K over a period of 12 months with no security of assets required. They received the funds in 24 hours.
Clothing Store
A gym that was in operation for more than 3 years, was planning to expand and needed additional equipment. With a monthly turnover of $37K they borrowed $72K over a 24- month period. No security was required for the loan and it was compelted in 24 hours.
Gym
Simple eligibility checklist

Larger New Zealand Business Loan Eligibility Criteria

The requirements for eligibility for larger New Zealand business loans of between $100K and $500K are:

  • A minimum of 3 years of business
  • At least $700K of annual income
  • Be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as proof of identity
  • You should have an account at a New Zealand bank as your primary account for trading
  • Bank statements for the last six months
  • Some financial statements such and Profit & Loss as well as Aged Accounts Payable and Receivable

You are looking for a lesser amount of funds? Find out the eligibility requirements for our $5K-$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 perfect for nearly any company purpose. Talk to us today.

  • Add or remodel the commercial space
  • Hire more staff during busy periods
  • Boost stock quantities to meet demand
  • Create a new site or boost your marketing
  • Make sure you invest in the latest equipment, tools or technology
  • Purchase extra stock to cover the seasonal demand
  • Control cash flow fluctuations
  • And many more …

Are you looking to start one of these projects as soon as tomorrow? So, contact us or apply online now to get the fastest and most effective process.

Quick application checklist

What do you need to apply

All that’s needed to start is your contact information (company name, your name, email or phone number) and the amount you’d like to borrow, and your monthly income.

While in the process and before settlement we will need confirmation of your identity but not for starting:

  • Idenfication information (valid Driver’s License)
  • Business information including trading times, ownership details , and NZBN (New Zealand Business Number)

After we start when it comes to loans of more than $150,000 you will also need basic financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Apply Now







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    Here's How Others Have Benefited

    Examples of Business Loans

    A business coach was seeking to invest in an health and beauty business. With just over 12K in revenue per month they borrowed $24K in 24 months. This required 12-month bank statement and was done in only 8 hours.
    Business Coach
    An interior designer had spotted an opportunity to expand their business and needed working capital to fund this growth. With monthly revenue of $300K they took out a loan of $250K for 24 months. Turnaround time for them was just two days, and all they had to provide were 12 months worth of banking statements along with IRD confirmation and their trust deed.
    Interior Designer
    A gym that was operating for over three years, was planning to expand 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 compelted in just 24 hours.
    Gym
    A restaurant owner was wanting to open a second location and required funds to renovation. The bank was not interested in helping. Typical monthly revenue for them was $50K and they borrowed $66K over 24 months. The turnaround time was 8 hours.
    Restaurant Owner
    A plumber who's had business for 3 years, with $80K in monthly sales was looking for additional funding. They took out a loan of $153K for 36 months. All that was needed was 12 months of bank statements as well as confirmation of their status with IRD. The process was completed within one day, and the plumber was able to access their working capital in their account in a matter of hours.
    Plumber

    The lending landscape has changed

    With traditional and bank lenders increasing their credit requirements The steady flow of alternative and non-bank loan providers that are entering the market provides an excellent source to make use of.

    New Zealand SME’s are now able to access finance through alternate lenders servicing New Zealand who are focused on enabling business growth or smoothing out problems with cash flow. In the past, when individual credit providers (drawing equity from a home loan or credit cards or personal loans, as well as overdrafts) was the sole alternative funding services in New Zealand that were around.

    There’s there is no need in the present to rely on using real estate to secure company lending. With an unsecured loan, business financing is easy. Instead of a traditional term loan from banks, business finance for an SME with interest rates and loan terms that aid in cash flow are around as business credit options.

     

     

    High level summary

    Separate personal and business debt

    There are numerous benefits with separating personal and business debt.

    • Your home or other investment properties, aren’t held for the purpose of accessing funds
    • It is the business has a better place to develop its own credit history
    • It is substantially more straightforward for tax time
    • Businesses can easily assess, monitor and plan based on the ability to clearly determine their cash flow position

    Reduce your risk, make your tax time easier, get started with an unsecure busines loan. Apply today.

    For those who like the detail

    Separate personal and business debt

    Risk

    One big drawcard for keeping your personal and business assets separate will be the fact 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 long as the borrower fulfills the loan requirements.

    Credit history

    Companies will be in a advantageous long-term situation if they can show good credit and debt capability.

    Tax

    A separation between personal and business finances makes it more seamless in the event of tax time - particularly when determining what is the tax-deductible amount. The IRD has set out the guidelines on the proof required in order to deduct deductions from a business’s tax return. This is an area the IRD has advised specifically on.

    Cash flow

    Effective management of cash flows is vital to the longevity for any company. By maintaining personal as well as business finances separate, businesses can easily view their cash flow, plan and monitor it based on their ability to accurately examine their cash flow.

    Business business loans, interest rates and repayment conditions, and flexible repayment options to fit what your company needs.
    Business Lending Options
    I'm able to get my tax back on track.
    Small Business Owner
    A seamless loan application process with a generous amount of borrowing capacity, a low requirements for credit and no need to present a business plan. Do not use your personal credit card or company credit card to fund your business.
    Unsecured Loans Made Simple
    I am now able to fund the remodel of our brand modern New Zealand resturant without having draw cash from other restaurants.
    New Zealand Resturant Owner
    I can now hire an expert marketer to help me take my business to the next stage of business growth.
    Growing Business
    I'm now able make the coffee I serve my customers using the best equipment.
    Cafe Owner
    Business loans, particularly one that is an unsecured business loan or line of credit for business funding need never be an tense procedure. Finance for a company in the shape of small business loans with an interest rate cost, and with a repayment time that will suit the requirements of your business budget.
    Business Lenders for Business Goals
    I can now take an extended vacation knowing that the New Zealand business will run without a hitch.
    Local Business Owner
    FAQ: business lending & business loans for business owners

    Business Loans Frequently Ask Questions

    More about the New Zealand Small Business Loans

    Tell me how you can avail the New Zealand Small Business Loans

    New Zealand unsecured loans offers the range of $5,000 to $100,000. Terms range from 3 and 24 month and cash flow friendly repayments that are either daily or weekly.

    What is what makes the Unsecured Loan different from a traditional business loan?

    You can apply to get the Small Business Loan in under 10 minutes over the phone. You’ll get a same day response and the money could be available in just 24 hours. Traditional company loans reference an annual interest rate along with other charges and fees. Our business loan is an upfront priced loan which means you be aware of the total amount due, which includes any interest, fees or charges. Then, it is divided into weekly or daily repayment figure.

    What could the Small Business Loan be used for?

    The Small Business Loan can be used for virtually any business purpose including control of cash flow company remodels and marketing for purchasing inventory or new equipment, to fund general working capital and so much more. The loan is not available for personal use.

    About Larger New Zealand Business Loans

    What is the Larger New Zealand Business Loan?

    The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans range from $100,000 to $500,000 with a fixed-term up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate you cashflow.

    How’s the Origination Fee calculated?

    A Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the loan amount.

    Can I get the Larger Business Loan?

    To be eligible for a credit in this amount the business needs to have been in operation for at least 3 years, and have an annual income of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.

    What can the funds be used for?

    A large company loan can be used for almost any company reason, such as business renovations, to purchase equipment or inventory as well as for general working capital and much more. The loan cannot be used to fund personal expenses.

    Is the Larger Business Loan one that is secured?

    Asset security is necessary to access funding over $150,000. This is by taking a charge on assets, and may include registration through the PPSR or making as a caveat.

    A director’s or personal guarantee is a promise to pay off a credit line that is general in nature, rather than stipulating the security for a particular asset. The person who signs the ensure is personally accountable if the company the borrower fails to repay the debt.

    The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including goods or assets). The PPSR permits the priority of personal property granted in accordance with the date on which a security interest that is registered.

    Caveats are legal form of document to offer the public notice of a legal claim against a property.

    What exactly is a preapproval without Credit Check?

    When you’re applying for a Larger Business Loan that exceeds $250,000 we can offer an initial pre-approval that will help ease the process. We might be able to make this decision without a credit check and within 6 hours of the initial application. This pre-approval is made based on an initial evaluation that involves you answering some financial well-being checks. It is in no way an offer, nor is it a guarantee of funds. Unconditional approval is subject to an assessment of your creditworthiness and any offer you may receive may be based on different conditions.

    The application process

    Are I eligible for funding?

    You may apply for an business loan if you;

    • are a New Zealand Citizen (or Permanent Resident)
    • are over the age of 18 and have a New Zealand company (with a valid NZBN/IRD)
    • must show at least six months’ worth of transactions (for you to qualify for unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K or $500K)

    How do I apply?

    The application process is fast and easy. Simply complete the online form within a few minutes and an experienced business expert in lending will be in touch to assist you.

    To be eligible for up to $100,000 you’ll need identification details (valid Driver’s Licence) as well as an active NZBN/IRD, and at least 6 months’ worth of bank statements.

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

    $100K – $250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
    $250K – $500K: Information on the application including credit consent as well as 12 months bank statement, an IRD statement as well as the two most recent years’ financial statements, and interim financials for the current financial year as well as Aged Payables and Receivables reports.

    How soon will I hear a decision?

    For an unsecured loan ($5K or more) we can often offer an answer within an hour – as long as you make your application within standard business time and you allow us to utilise the advanced bank verification system to immediately verify your bank account information online. If you want to send us copies of your bank statement, we’ll offer an answer within just 1 company day.

    For the Larger Business Loan ($100K or more) we might be in a position to offer you with conditional pre-approval in about 6 hours. Once you’ve signed the pre-approval document, you will need to wait around 2-3 days for final approval. However, it could be faster based on the circumstances of each application. Some offers have been approved in less than 24 hours.

    The quickest way to apply would be to ensure you apply during standard business hours and allow us to use the modern bank verification link to check your bank’s information online. If you send us documents from your account statement, it can take a bit longer.

    What is the time frame to receive the cash?

    For the Small Business Loan ($5K and up) we usually provide an answer within one hour if you make your application at standard business time and allow us to make use of the advanced bank verification system to instantly verify your bank information online. If you decide to upload copies of your bank statements, we are able to offer a decision in as little as an business day.

    For the Larger Business Loans ($100K to $500K) We may be likely to provide you with conditional pre-approval in about six hours. Once you’ve signed your pre-approval form, it will take about 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Certain transactions have received approval within less than 24 hours.

    The fastest way would be to ensure you apply during standard business hours. Also, let us use the sophisticated bank verification to instantly check your bank’s information online. If you opt to send us copies of your bank statement, it takes a bit longer.

    How much can I borrow?

    We offer loan amounts between $5,000 and $500,000. When you submit an application for a certain amount we look at a variety of factors for determining what is the well-being that is your company and the extent of payments your company can afford. The total amount of the loan will be determined by the specific circumstances that are unique to your company.

    When you submit an application for a particular amount, we take into consideration a variety of variables to assess how much we can lend you such as health of the company as well as the amount of repayments that your company is able to afford. The amount you receive from your loan will be determined by the particular circumstances for your company.

    Fees & repayments

    How much do you charge for an company loan?

    When you request our business loans, we’ll assess the risk profile of your company and provide you with a customised offer that includes loan amount, term and interest rates. The company loan is an upfront-priced loan and you’ll be aware in advance of the total amount due, which includes any costs, fees, or interest rates.

    What determines the rate that I am charged?

    Business loan interest rates depend on several factors including the amount borrowed, what company assets the money are used to purchase as well as the field the company operates in, the long the company has been in operation as well as in the event that the business has enough cash flow to pay for the loan, and general well-being as well as creditworthiness company.

    What are the charges?

    There aren’t any hidden costs for our business loans, and you’ll know precisely how much it is that you be required to pay, and at what time, from the day you sign up. There’s no compounding and no additional fees (as as you make your payments punctually).

    We do not charge an Application Fee. You are able to get a cash loan without any upfront costs or the obligation to take action.

    The Origination Fee is the cost associated with the setting up and management of the loan. This is only a cost if you take out the loan. The Origination Fee for us is 2.5 percentage of the amount of the loan.

    Can I pay off the loan earlier?

    You can repay the entire amount of the loan at any point in time.

    If you do decide to do this please talk to one of our helpful company loan specialists. The experts will provide you with repayment details and an early payment figure. This will be calculated as the sum of the principal amount remaining plus any accrued interest as of the time of the early payout in addition to 1.5 percent of the principal balance as well as any outstanding fees.

    How do you make repayments work?

    To make sure you do not miss repayments and to fit in with your cash flow cycle we offer repayments that are either weekly or daily. They will be automatically deducted from the nominated company account.

    Security & privacy

    Will my data be protected?

    Protecting your information, and being clear about the ways we gather data, process, exchange and protect your information, is of paramount importance and an integral part of our relationship you.

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

    Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 certified for our dedication to protecting the security of customers and security. We utilise a sophisticated bank verification system link to instantly verify the bank account details online, allowing us to offer rapid response.

    About business loans

    What’s an asset-based borrow (a secured loan)?

    Asset-based borrowing occurs when a company owner utilises assets they own to get the funding. The asset can be either an individual asset, such as the family home, or a company asset such as a truck or piece or equipment.

    The vast majority of the lenders not just the banks with the biggest size, prefer to guarantee loans against an asset. If you’re having trouble paying back the loan, your asset may be taken over by the lender. In essence, it’s an opportunity to secure additional financing making use of the value of what you already own.

    Do I need security to secure an company loan?

    Up to $150K in loans there is no requirement for asset security before you are able to access the money, however we do need an individual guarantee. In the event that you fulfill the loan terms (as stipulated in your loan contract document) the security of assets will never be required. For loans that exceed $150K, typically, you will need a personal ensure and security in the form charges on assets.

    Industries we currently aren't able to help with

    • Anything adult industry related
    • Auction houses and auction websites
    • Debt purchasers or debt collection companies
    • Direct marketers including mail order, fundraising, telemarketing, direct-mail etc
    • Financial institutions and lenders
    • {Firearm related businesses
    • Foreign currency exchange offerings
    • Freight forwarding and customs clearing houses
    • Anything gambling related
    • Not-for-profit organisationsincluding charities, churches etc.
    • Panel beaters & smash repairers
    • Pawn shops and pawnbrokers
    • Property development
    • Investment business, shares and stockbrokers
    • Tattoo studios
    • Ride sharing & taxi services
    • Entertainment sales or ticket resellers
    • Towing services
    • Secondhand car companies
    • Automotive glass tintingfirms
    • Automotive wrecking yards

    Although we cannot assist with an unsecure business loan in those industries, we might be able to help 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

    Contact Us

    Contact Us

    Contact Us

    Fill out the form below or Call Now
    0800 102 591






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