Unsecured Business Loans
New Zealand

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

Unsecured Business Loans New Zealand

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

  • Could additional funds assist your company by allowing you to work capital or to take advantage of an opportunity to grow?
  • What is the financing strategy you are using to fund your business needs?

What you can expect:

  • Simple process to apply and get approved and funds as soon as tomorrow
  • Optionally , no reayments during the initial 4 weeks
  • Borrow from $5k to $500K
  • Terms ranging from three to thirty-six months
  • Competitive interest rates
  • Minimal documentation needed

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

Business loan interest rates and repayment terms and flexible repayment options to fit what your business needs.
Business Lending Options
I can now hire an experienced marketer to help me take my business to the next step.
Growing New Zealand Business
I'm now able take a holiday knowing my New Zealand company will run smoothly.
Local Business Owner
Business loans, in particular those that are unsecured business loan or line of credit for business financing need not be a difficult process. Finance for a business in the shape in the form of small business loans with an interest rates and repayment term that fits the requirements of your business budget.
Business Lenders for Business Goals
I'm now able make coffee for my clients with the very best equipment.
Cafe Owner
I'm able to get my tax back to keep me on track.
Small Business Owner
Simple loan application procedure with a large loan limit, with minimal credit criteria and no need to create a business plan. You no longer need to use your personal credit card and business credit cards in order to fund your company.
Unsecured Loans Made Simple
I can now fund the remodel of our brand new New Zealand resturant without having draw cash from other ones.
New Zealand Resturant Owner
Unsecured Business Loan Service Provider

Fast Approval Process

The process of applying for an business loan in New Zealand with us is easy and takes only about a couple of minutes, there are no mountains of paperwork or queues.

Get approved and receive your money within one to two company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

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

  • It starts with an easy online application, or phone call
  • Flexible repayment terms to suit your company
  • Fast funding within a 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 pretty minimal.

  • A minimum of six 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
  • Make sure you have a New Zealand bank as your primary account for trading
  • Bank statements from the past six months

Need more funds? Find out the eligibility requirements for our $100K to $500K business financing.

Here's How Others Have Benefited

Examples of Business Loans

Acquiring a pizza place and 2 liquor stores 6-to 12 months ago, the new owners were seeking more funds. The overall revenue was $500K per month . The owners could have borrowed $300K. The loan was split into $100K for each store, with the option of 24- and 36 months. No security over the owner's homes was required.
Owner of a Pizza Store & 2 Liquor Stores
The owner of a tiny grocery store making $70K a month borrowed $76K over a 24-month period, with no payments during the initial 4 weeks. The loan required 12 months of bank statements. Turnaround time was just 6 hours from submitting the application to receiving the money.
Grocery Store Small Business Loan
An interior designer had spotted an opportunity to grow their company and required working capital to finance this expansion. With a monthly revenue of $300K they borrowed $250K over the course of 24 months. Their turnaround time was just two days, and all they had to present were 12 months worth of banking statement IRD confirmation, as well as trust deed.
Interior Designer
A gym that had been going for nearly 3 years decided to increase its size and required additional equipment. With an average monthly revenue of $37K they borrowed $72K over a 24- month period. There was no security requirement to secure the loan. It was compelted within just 24 hours.
Gym
With the busy Christmas time approaching, a clothing store needed additional working capital to fund extra stock and also benefit from the discount offered by suppliers. They borrowed $20K over 12 months, with no security for assets and received the funds in 24 hours.
Clothing Store
Simple eligibility checklist

Larger New Zealand Business Loan Eligibility Criteria

The criteria for eligibility to be eligible for the larger New Zealand company loans of between $100K to $500K comprise:

  • Minimum of 3 years trading in business
  • At least $700K of annual income
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification
  • You should have an account at a New Zealand bank as your principal trading account
  • Bank statements from the previous 6 months
  • Some financial statements like Profit & Loss as well as Aged Accounts Payable and Receivable

Are you looking for a lower amount of capital? Take a look at the guidelines for eligibility 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 ideal for virtually every business need. Talk to us today.

  • Add or remodel the commercial space
  • Staff expansion for busy periods
  • Boost stock quantities to keep up with demand
  • Create a new site or increase your marketing
  • Invest in new equipment, tools , or technological advancements
  • Purchase extra stock to cover seasonal demand
  • Manage cash flow fluctuations
  • Plus lots more …

Do you want to begin one of these idea as quickly as tomorrow? Then get in touch with us today or send an 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, your name, email and phone) and the amount you’d like to lend, and your monthly income.

During the process and before settlement we’ll require confirmation of who you are, however, not in order to begin:

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

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

  • Profit & Loss 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 spotted an opportunity to expand their business and needed working capital to finance the expansion. With an annual revenue of $300K they borrowed $250K in 24 months. Turnaround time for them was only 2 days, and all they had for them to provide was 12 months of bank statement, IRD confirmation, and trust deed.
    Interior Designer
    The proprietor of a small grocery store doing $70K a month borrowed $76K over a 24-month term with no repayments for the first four weeks. The loan required 12 months of bank statements. Turnaround time was just 6 hours from application to getting the money.
    Grocery Store Small Business Loan
    A plumber who's worked in the business for 3 years, with the monthly revenue of $80K was looking for more funding. They took out a loan of $153K for a 36 month term. All they needed to be provided was 12 month bank statements as well as confirmation of the status with IRD. The process was completed within just a few hours and the plumber was able to access their working capital available in their account within a short time.
    Plumber
    The owner of a restaurant wanted to open another restaurant and needed money to fund the renovation. The bank was not interested in helping. The typical monthly income for them was $50K, and they borrowed $66K over the course of 24 months. Turnaround was only 8 hours.
    Restaurant Owner
    The busy Christmas season was fast approaching, a clothes store required additional working capital to purchase more stock and take advantage of the discount offered by suppliers. They borrowed $20K over 12 months with no collateral for their assets, and they had the funds in 24 hours.
    Clothing Store

    The lending landscape has changed

    In the wake of traditional lenders and banks increasing their credit requirements as well as the continuous stream of non-bank and alternative loan providers that are entering the market offers the perfect source to access.

    New Zealand SME’s are now able to access finance through alternate lenders servicing New Zealand who are focused on facilitating business expansion or smoothing problems with cash flow. The past was when the personal sources of credit (drawing equity from a home loan, or by using credit cards or personal loans, as well as loans) were the only alternative financing services for New Zealand that were available.

    There’s there is no need of having to rely on using real estate to secure business lending. With an unsecured loan business funding is simple. Instead of a loan for a term with the bank, business finance for an SME with interest rates and loan terms that help in cash flow are around as business lending options.

     

     

    High level summary

    Separate personal and business debt

    There are many advantages associated by separating personal and business debt.

    • Your home or other investments, aren’t tied up for the purpose of accessing funds
    • This company is in a more favourable position to build its own, solid credit history
    • It is substantially more straightforward at tax time
    • Businesses can easily view the situation, track and plan based on their ability to clearly assess their cash flow position

    Lower your risks, make your tax time more simple, apply for an unsecure business loan. Make an application today.

    For those who like the detail

    Separate personal and business debt

    Risk

    One major benefit of keeping your personal and business assets separate can be that your home isn’t required to be tied to allow access to the funds. For a small business loan within New Zealand up to $100K the security of assets won’t be needed as in the event that the borrower has met their loan obligations.

    Credit history

    Businesses are in a more favourable long-term position if they can show good credit and debt capacity to pay.

    Tax

    The separation of personal as well as company finances makes it much more seamless in the event of tax time - particularly when determining the tax-deductible amount. The IRD has set out requirements for evidence in order to deduct deductions from the tax return of a company. This is an area where the IRD have specifically advised on.

    Cash flow

    A well-organised cash flow management system is crucial to the longevity of any company. Through maintaining personal as well as business finance separate, businesses can easily view how they are performing, monitor and plan on the ability to clearly determine their cash flow status.

    I'm now able make coffee for my customers with the very best equipment.
    Cafe Owner
    An easy loan application process with a huge amount of borrowing capacity, a low credit criteria and no need to submit a business plan. Don't use your personal credit card or company credit card to finance your business.
    Unsecured Loans Made Simple
    I'm able to get my taxes back in order.
    Small Business Owner
    I can now hire a marketer to boost my business to the next level of business growth.
    Growing Business
    I can now fund the remodel of our brand fresh New Zealand resturant without having draw cash from other restaurants.
    New Zealand Resturant Owner
    Business loans, especially an unsecured business loan or line of credit for business funding need have no stressfull procedure. Business finance in the form of small business loans at an interest rate and repayment time which is compatible with your company budget.
    Business Lenders for Business Goals
    Business loans with interest rates and repayment terms, as well as flexible repayment options to fit what your business requirements.
    Business Lending Options
    I'm now able take an extended vacation knowing that I am confident that my New Zealand company will run well.
    Local Business Owner
    FAQ: business lending & business loans for business owners

    Business Loans Frequently Ask Questions

    About The New Zealand Small Business Loans

    Let me know more about New Zealand Small Business Loans

    New Zealand unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 months and cash flow friendly repayments that are either daily or weekly.

    How is how is the Unsecured Loan different from the traditional business loan?

    It is possible to apply to your Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an answer within the same day and funds may be available in just 24 hours. Traditional business loans are based on an annual rate of interest as well as other fees and charges. We offer a company loan is an upfront priced loan and you’ll be aware of the total amount due, which includes any fees, charges or charges. This is then broken down into a daily or weekly payment amount.

    What could the Small Business Loan be used for?

    It is a Small Business Loan can be used for almost every business use, including cash flow management, company improvements, advertising for purchasing inventory or new equipment, for general working capital and so much more. The loan cannot be used for personal use.

    About Larger New Zealand Business Loans

    What is the Larger New Zealand Business Loan?

    The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans are between $100,000 and $500,000 for a fixed period of with a maximum of 36 months. Repayments are weekly or fortnightly, depending on the flow of cash.

    How is the Origination Fee determined?

    The Larger Business Loan has an Origination Fee that is calculated at 2.5 percent of the amount of the loan.

    Do I qualify for the Larger Business Loan?

    To be eligible for a loan in this amount, your company needs to be in operation for at least 3 years and have an annual turnover of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.

    What can the funds be used for?

    A large business loan can be used for nearly any business purpose including business remodeling, buying equipment or inventory for general working capital, and much more. The loan is not available for personal reasons.

    Is the Larger Business Loan a secured loan?

    Asset security is needed to access funding over $150,000. It is usually in the form of a charge on assets, and may be registered in the PPSR or filing as a caveat.

    A personal or director’s guarantee is a commitment to pay back a loan that is generally in nature rather than stating security over an asset. The person signing the guarantee is personally liable in the event that the company the borrower fails to re-pay the debt.

    The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It reflects security interests registered in respect of personal property (including the assets or goods). The PPSR grants the priority of personal property assigned according to the date a security interest has been registered.

    A caveat is a legal document lodged to provide an official notice of a claim to property.

    What exactly is a preapproval without Credit Check?

    If you’re seeking a Larger Business Loan of $250,000 or more, we may offer a preliminary pre-approval to 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 assessment, which involves you answering some financial health questions. It is in no way an offer, nor is it a guarantee of credit. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you are offered could be on different terms.

    Application process

    Are I eligible for funding?

    You may be eligible for a business loan if you

    • are a New Zealand Citizen (or Permanent Resident)
    • are over 18 years, own a New Zealand company (with a valid NZBN/IRD)
    • you must demonstrate at minimum 6 months’ worth of transactions (for a unsecured loan $5K – $100K) or 3 years of trading (for the Larger Business Loan $100K to $500K)

    How do I apply?

    The application process is simple and simple. Simply complete the online form within a few minutes and an experienced business expert in lending will call you to guide you through the process.

    For a loan of up to $100,000, you’ll require identification details (valid Driver’s Licence), an NZBN/IRD that is valid and at least six months of bank statements.

    Otherwise, for larger loan sizes, you’ll need:

    $100K to $250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if loan above $150K).
    $250K to $500K: Details of the application, including credit consent as well as 12 months of bank statements, IRD statement as well as the two most recent years’ financial statements, as well as interim financial statements for the current year such as age-related payables and aged Receivables reports.

    How soon will I hear an answer?

    For an unsecured loan ($5K or more) We can usually offer an answer within an hour if you submit your request during quality company times and permit 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 can offer an answer in as little as the span of one business day.

    If you are applying for a Larger Business Loan ($100K and up) we could be able to provide you with pre-approval conditional to your application in about 6 hours. After you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval. However, this could be shorter based on the particular circumstances of each application. Some agreements have been approved in the space of 24 hours.

    The fastest way would be to make sure you apply during standard business hours and let us use the advanced bank verification system link to verify your bank information online. If you upload documents from your account statements , it can take a bit longer.

    How quickly will I receive the cash?

    For the Small Business Loan ($5K or more) we typically offer an answer within an hour if you make your application within normal business times and permit us to use the advanced bank verification system to immediately verify your bank account information online. If you want to upload copies of your bank statements we can offer an answer in just 1 business day.

    If you are applying for Larger Business Loans ($100K and up) we may be able to provide you with pre-approval conditional to your application within six hours. After you’ve signed the pre-approval form, it will take around 2-3 days for final approval. However, this could be shorter based on the specifics of each application. Certain offers have been approved within the space of 24 hours.

    The quickest method would be to make sure you apply during standard business hours. You can also allow us to use our advanced bank verification system link to instantly confirm your bank details online. If you opt to send us duplicates of your banking statements it can take a bit longer.

    What is the maximum amount I can borrow?

    We offer loans that range from $5,000 and $500,000. When you make an application for a certain amount, we look at a variety of elements that determine what is the health for your company and the amount of repayments your business can afford. The total amount of your loan will depend on the specifics for your company.

    When you submit an application for a particular amount, we will consider a number of elements to assess the health of your company as well as the amount of repayments that your company is able to afford. The total amount of the loan will be determined by the particular circumstances of your company.

    Fees & repayments

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

    When you make an application for one of our business financing, we’ll assess the risk assessment of your company and offer you with a tailored offer, including the amount of loan, the term and interest rates. It is a business loan is an upfront cost loan and you’ll know in advance the total amount payable including any charges or interest.

    What determines the amount I am charged?

    The interest rates on business loans rates depend on a variety of factors such as the amount that is of money borrowed, the business assets the funds are used to purchase, the industry the business is operating in, how long the business has been operating and in the event that the company has enough cash flow to fund the loan, and the general well-being or creditworthiness of the business.

    What are the cost?

    There aren’t any hidden costs for our business loans. You’ll know precisely what it is that you be required to pay and when, starting from the very first day. There’s no compounding interest and the loan comes with no additional fees (as as long as you pay your payments in time).

    We do not charge an Application Fee. You are able to make an application for loans absolutely no upfront cost and no commitment to apply.

    The Origination Fee covers the expenses involved with setting up and managing the loan. The only way to pay this fee if you proceed with the loan. Our Origination Fee is 2.5 percentage of the loan amount.

    Can I pay out the loan earlier?

    You can choose to repay the total amount of your loan in full at any time.

    If you choose to take this route, please talk to one of our helpful business lending professionals. The experts will provide you with details for repayment and an early payment figure. This will be calculated as the sum of the principal amount remaining and any accrued interest at the date of early payout, plus 1.5% of the principal balance and any outstanding fees.

    What is the process for repayments?

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

    Security & privacy

    Will my data be protected?

    Protecting your information, and being upfront about the ways we gather information, use it, and exchange it, as well as protect your information, is of huge importance and is an essential aspect of our relationship with you.

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

    Yes. We use industry recognised encryption standards to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our commitment to customer security and privacy. We utilise a sophisticated bank verification system link to immediately verify your bank account information online, allowing us to provide a fast response.

    About business loans

    What is asset-based borrowing (a secured loan)?

    An asset-based loan is when an business owner borrows from an asset that they own to obtain a loan. The asset can be an asset belonging to the personal, like the family home or an business property like a truck or piece of equipment.

    The majority of lenders, including the big banks, tend to guarantee loans against an asset. If you are having difficulty paying back the loan then your asset may be taken over by the lender. In essence it’s a way of securing additional financing making use of the value of what you already have.

    Are I need security to get a company loan?

    For loans that exceed $150,000, there is no requirement for asset security upfront to access the money However, we do need an individual guarantee. If you adhere to the loan terms (as detailed in your loan contract) and you are able to meet your obligations, asset security will never be required. For loans over $150K generally, there is a personal guarantee and security in the form the charge of assets.

    Industries we currently aren't able to help with

    • Adult related industries
    • Auction websites or auction houses
    • Debt collection agencies & debt purchasers
    • Direct marketers including mail order, fundraising, telemarketing, direct-mail etc.
    • Financial institutions and lenders
    • {Firearm related businesses
    • Foreign currency exchange offerings
    • Freight forwarding & customs clearing houses
    • Business involved with gambling
    • Non-profit organisations such as charities and churches etc
    • Smash repairers and panel beaters
    • Pawn shops or pawnbrokers
    • Property development
    • Investment business, shares and stockbrokers
    • Tattoo studios
    • Ridesharing and taxi services
    • Entertainment sales and ticket resellers
    • Towing services
    • Secondhand automotive companies
    • Automotive glass tintingservices
    • Automotive dismantlers

    Although we can’t help with an unsecure 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

    Fill out the form below or Call Now
    0800 102 591






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