Business Finance •
Complete Guide to Small Business Loans in NZ 2025
Everything you need to know about getting a small business loan in New Zealand in 2025. Compare options, rates, and lenders.
Introduction
Getting the right business loan is crucial for your company's success. This comprehensive guide covers everything you need to know about small business loans in New Zealand for 2025, including types of loans, requirements, and how to choose the best option for your needs.
Types of Business Loans
Business Term Loans
Traditional fixed-term business loans
- Fixed monthly payments
- Terms up to 15 years
- Amounts up to $5M
- Property security often required
Business Overdraft
Flexible ongoing credit facility
- Pay interest only on used amount
- Access funds as needed
- Quick access to cash
- Annual review required
Invoice Finance
Convert unpaid invoices to cash
- Up to 90% of invoice value
- Improves cash flow
- No property security needed
- Scales with your business
Equipment Finance
Specific funding for business equipment
- Fund equipment purchases
- Asset serves as security
- Fixed repayments
- Terms matched to asset life
Loan Requirements
Basic Requirements
- Valid NZ business registration
- Minimum trading history
- Regular business income
- Good credit history
Documentation
- Business financial statements
- Bank statements
- Tax returns
- Business plan
Comparing Lenders
Traditional Banks
Advantages
- Lower rates
- Longer terms
- Full service
Disadvantages
- Stricter criteria
- Longer process
- More security required
Online Lenders
Advantages
- Quick approval
- Simple process
- Less documentation
Disadvantages
- Higher rates
- Shorter terms
- Lower amounts
Specialist Lenders
Advantages
- Industry expertise
- Flexible terms
- Tailored solutions
Disadvantages
- Variable rates
- Specific criteria
- May have higher fees
Tips for Success
- Compare multiple lenders
- Check all fees and charges
- Prepare strong documentation
- Consider security options
- Review repayment terms
- Assess total borrowing costs
Business Loan Calculator
Estimate your loan repayments and find the right financing option
Written by Sarah Johnson
Business Finance Specialist