Business Loans

Make sure you understand what the best option is for your business when seeking finance.

Make sure you select the right lender for your business
Lending Crowd
56418
Business Loan 3 year - Secured
Rate (p.a.)

7.98% to 18.10%

Loan Amount

$2,000 to $200,000

Term

3 years

Establishment Fee

$250 to $1,450 (Loan amount dependent)

  • Over 18 months in business.
  • No less than $80,000 in annual sales.
  • The ability to secure your loan with vehicle(s) or property(s) that you or your business own (or are looking to purchase).
Harmoney
56413
Personal Loans for Business - Unsecured
Rate (p.a.)

6.99% to 29.99%

Loan Amount

$2,000 to $70,000

Term

3 - 5 years

Establishment Fee

$200 for loans under $5,000, or $450 for loans of $5,000 and above

  • You can apply for a loan under your personal name for business purposes.
  • You will need to check with your financial advisor if this can be considered for tax purposes.
Spotcap
56417
Unsecured Business Loan
Rate (p.a.)

9.45% to 20%

Loan Amount

Up to $500,000

Term

Up to 3 years

Establishment Fee

2-3% of the loan value

  • Minimum turnover of $200k with 18 months of trading
  • Applications over $150k require financials but applicants can link in with Xero and MYOB to monitor this, otherwise provide paper copies
Prospa
56419
Business Loan Secured
Rate (p.a.)

Upon application

Loan Amount

$5,000 to $300,000

Term

3 months - 2 years

Establishment Fee

2.5% of the loan amount

  • For loans up to $100,000 no asset security is required to access the money, however we do require a personal guarantee.
  • To help you avoid missing 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 nominated business account.
  • You can choose to repay the entire amount of your loan early at any time. If you choose to repay your entire loan early, Prospa will provide you with a discount on the remaining interest that is payable on your loan.
Heartland Bank
56421
Business Loan - Secured
Rate (p.a.)

Credit rating dependent

Loan Amount

From $100,000

Term

Term or revolving credit

Establishment Fee

not specified

  • We usually require a copy of the business financial statements to assess a loan application. If the application is successful we will require some additional supporting information such as identification.
The Co-operative Bank
56420
Small Busines Loan
Rate (p.a.)

Credit rating dependent

Loan Amount

Application dependent

Term

Application dependent

Establishment Fee

1% of the loan amount - minimum of $400

  • Tailor a business overdraft or loan to suit your business needs.
UDC Finance
56422
Equipment Finance
Rate (p.a.)

9.3% to 14.3%

Loan Amount

From $15,000

Term

Application dependent

Establishment Fee

-

  • Our flexible equipment finance solutions include seasonal repayment options, low or no deposits with a repayment schedule tailored to your cash flow or other business needs.
  • Loans can be tailored to match the life of the equipment you’re buying, with repayments scheduled to match its ability to generate cash for your business.
ANZ Bank
56423
Business Loan
Rate (p.a.)

Upon application

Loan Amount

From $5,000

Term

Application dependent

Establishment Fee

1% of the loan amount with a minimum fee of $250

  • The ANZ Business Loan is available as a variable or fixed interest rate loan. You can split your loan between variable and fixed rates to balance flexibility and security.
Spotcap
56414
Unsecured Short Term Business Loan
Rate (p.a.)

9.45% to 20%

Loan Amount

$10,000 to $150,000

Term

1 - 12 months

Establishment Fee

2-3% of the loan value

  • Minimum turnover of $200k with 18 months of trading
  • Applications over $150k require financials but applicants can link in with Xero and MYOB to monitor this, otherwise provide paper copies
Lending Crowd
56424
Business Loan 5 year - Secured
Rate (p.a.)

9.49% to 18.96%

Loan Amount

$2,000 to $200,000

Term

5 years

Establishment Fee

$250 to $1,450 (Loan amount dependent)

  • Over 18 months in business.
  • No less than $80,000 in annual sales.
  • The ability to secure your loan with vehicle(s) or property(s) that you or your business own (or are looking to purchase).
Heartland Bank
56416
Small Business Loan - Unsecured
Rate (p.a.)

Credit rating dependent

Loan Amount

Up to $100,000

Term

Term or revolving credit

Establishment Fee

not specified

  • In general we will request business financials (if available) and 3 months of business bank statements.
  • For NZ business loans of up to $100,000 we may not require any security, so you don’t necessarily have to own a house or other big asset to get a loan.
Prospa
56415
Business Loan Unsecured
Rate (p.a.)

Upon application

Loan Amount

$5,000 to $100,000

Term

3 months - 2 years

Establishment Fee

2.5% of the loan amount

  • For loans up to $100,000 no asset security is required to access the money, however we do require a personal guarantee.
  • To help you avoid missing 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 nominated business account.
  • You can choose to repay the entire amount of your loan early at any time. If you choose to repay your entire loan early, Prospa will provide you with a discount on the remaining interest that is payable on your loan.
ANZ Bank
56425
ANZ Commercial Loan
Rate (p.a.)

Credit rating dependent

Loan Amount

From $20,000

Term

Application dependent

Establishment Fee

1% of the loan amount with a minimum fee of $250

  • Commercial property acts as security for the loan. Commercial property security must comply with all relevant building codes and the Resource Management Act.
  • Available as fixed interest rates, variable rate, or in combination
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