Compare ALL business finance options in New Zealand - not just one lender. Expert comparison of 50+ financing solutions.
Don't waste time applying to the wrong lenders. Get matched with 3-5 pre-qualified options based on your specific situation.
✓ Free service ✓ No obligation ✓ 60-second application
Most businesses make a costly mistake: they apply to just one lender (often whoever has the flashiest ads). This leads to:
New Zealand has over 50+ business lenders, each with different:
5.5% - 45% APR range
Credit score, turnover, industry
Same day to 8+ weeks
$5K to $50M+
Equipment purchase, expansion, acquisition
5.5% - 18% (varies by lender/risk)
1-7 years typically
Fixed monthly payments, set interest rate, ideal for specific purchases or investments.
| Lender | Min/Max Amount | Rate Range | Key Feature |
|---|---|---|---|
| ANZ Business | $10K - $3M | 5.5% - 12% | Relationship rates |
| ASB Business | $5K - $5M | 6% - 13% | Fast pre-approval |
| Westpac Business | $10K - $10M | 5.8% - 14% | Industry specialists |
| Flexi Group | $5K - $1M | 8% - 18% | Flexible criteria |
| Scottish Pacific | $25K - $5M | 7% - 15% | Asset-based lending |
Cash flow gaps, seasonal businesses
8% - 22% (only pay when used)
$5K - $500K typically
Flexible credit line - only pay interest when you use it. Perfect for managing cash flow fluctuations.
B2B businesses with 30-90 day payment terms
80-95% of invoice value
1-5% of invoice value
Get paid immediately instead of waiting 30-90 days for customers to pay invoices.
Vehicles, machinery, IT equipment
6% - 15% (equipment as security)
Up to 100% of equipment value
Equipment serves as security, enabling competitive rates and 100% financing options.
Import/export businesses
Letters of credit, documentary collections
Multi-currency support
Specialized financing for international trade transactions.
Retail, hospitality, urgent funding
24-48 hours approval
15-45% APR equivalent
Fast funding based on card sales history. Repaid as percentage of daily card sales.
MCAs are expensive but fast. Only use for genuine emergencies when no other options available.
| Bank | Min Amount | Rate From | Approval Time | Pros | Cons |
|---|---|---|---|---|---|
| ANZ | $10,000 | 5.5% | 2-6 weeks | Lowest rates for qualified borrowers | Strict criteria, slow process |
| ASB | $5,000 | 6.0% | 1-4 weeks | Good online platform, relationship focus | Requires banking relationship |
| BNZ | $10,000 | 5.8% | 2-5 weeks | Strong business focus, industry knowledge | Conservative lending approach |
| Westpac | $10,000 | 5.7% | 2-6 weeks | Competitive rates, good service | Slow decision process |
Best For: Established businesses with strong financials, lower rates, long-term relationships
Typical Requirements: 2+ years trading, $500K+ turnover, good credit history
| Bank | Min Amount | Rate From | Approval Time | Specialty |
|---|---|---|---|---|
| Kiwibank | $5,000 | 6.5% | 1-3 weeks | NZ-owned, competitive rates |
| TSB Bank | $10,000 | 6.8% | 2-4 weeks | Taranaki focus, personal service |
| SBS Bank | $5,000 | 7.0% | 1-3 weeks | Southland focus, agriculture |
| Lender | Min Amount | Rate From | Approval Time | Specialty |
|---|---|---|---|---|
| Scottish Pacific | $25,000 | 7.5% | 3-7 days | Asset-based lending |
| Flexi Group | $5,000 | 8.5% | 1-5 days | Flexible criteria |
| Finance Now | $2,000 | 12% | Same day | Fast approval, equipment |
| Lender | Min Amount | Rate From | Approval Time | Key Feature |
|---|---|---|---|---|
| Spotcap (now Zip Business) | $5,000 | 15% | 24 hours | Online platform, fast |
| Become Finance | $10,000 | 12% | 48 hours | Revenue-based lending |
| Juno Finance | $20,000 | 18% | Same day | Merchant cash advances |
Rates vary significantly based on your risk profile. Here's what determines your rate:
| Product | Rate Range | Why |
|---|---|---|
| Secured Term Loan | 5-12% | Security reduces risk |
| Unsecured Term Loan | 8-20% | Higher risk |
| Equipment Finance | 6-15% | Equipment as security |
| Invoice Finance | 2-8% | Short-term, low risk |
| Business Overdraft | 8-22% | Flexible, higher cost |
| Merchant Advance | 15-45% | High risk, fast funding |
Know your credit score, turnover, and what you can afford
Match your need to the most suitable finance type
Get all paperwork ready before applying
Start with most likely approvers, one at a time
Look beyond rates - consider fees and terms
2-3 years of profit & loss, balance sheet
Business and personal (last 2 years)
6-12 months business and personal
Use of funds, repayment plan
Personal ID, business registration
Calculate your potential loan repayments across different lenders and products.
Free consultation with our lending specialists
The main types include business loans, overdrafts, invoice finance, equipment finance, trade finance, merchant cash advances, and alternative funding options. Each serves different business needs and cash flow situations.
Consider your specific needs: working capital (overdraft/invoice finance), equipment purchases (equipment finance), expansion (business loans), or urgent cash flow (merchant advances). Compare rates, terms, and eligibility across multiple lenders.
Banks typically offer lower rates but stricter criteria and slower approval. Alternative lenders provide faster decisions, more flexible criteria, but often at higher rates. The choice depends on your urgency and qualification profile.
Approval times vary significantly: Banks (2-8 weeks), non-bank lenders (3-7 days), alternative lenders (24-48 hours), merchant cash advances (same day). Faster usually means higher cost.
Key factors include: trading history, annual turnover, credit score, security offered, industry type, loan purpose, and lender type. Established businesses with strong financials get the best rates.
Brokers can save time by matching you with suitable lenders and handling applications, often at no cost to you (they're paid by lenders). However, direct applications might get you better rates with some lenders.
Don't waste time with the wrong lenders. Get matched with 3-5 pre-qualified options.
✓ Free service ✓ No obligation ✓ 60-second application