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
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
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
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
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.
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.
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