In New Zealand it is often not easy to get business finance.
As finance brokers we have access to various options for business finance
Business Finance with property as security is the most common form of business finance. The key issue here is many of the banks will use residential property for the security, but because the finance is for business purposes they charge the higher business interest rates. As finance brokers we will push for lower interest rates when we arrange the finance.
Unsecured business finance is often required and there are very few options.
We have partnered with some of the best business lenders;
Prospa – pure unsecured business cashflow lending up to $100,000, Prospa provide quick and easy short-term loans for businesses that have been trading for a minimum of 6-months.
The Lending Crowd – they offer business loans of up to $200,000 and are secured with vehicles or property. The interest rates are great and the terms are flexible.
Heartland Bank – as a bank they can offer unsecured business loans up to $100,000 and secured business loans for up to $250,000. They can also offer revolving credit loans, asset finance, working capital loans, loans for plant and equipment or vehicles plus they even have franchise loans. You can APPLY ONLINE here.
These are our three most popular lenders, but we have other options too.