Compare Secured Business Loans

Are you considering a secured business loan to expand operations, invest in equipment or fund a large-scale project?

Equipment Finance

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.

Plus Business Loan

24 hours decision time for loans up to $250,000

No asset security required upfront to access Prospa funding up to $150K.

Preapproval without credit check for loans above $250k

Dedicated business lending specialist throughout the life of your loan

On-Demand Finance

Finance when you need it and no costs when you don’t. No establishment costs, hidden fees or lock-in contracts.

Unlock working capital through your invoices for unexpected expenses or opportunities for growth.

Integrates with Xero, MYOB, QB & Reckon to automatically sync client invoices and speed up the approval process

Working Capital

Big enough to trust, small enough to care. At ScotPac we understand the working capital needs and difficulties faced by New Zealand businesses, and how having access to funding is vital for maintaining cash flow and fueling long-term growth.

Potentially turn your unpaid or outstanding customer invoices into a source of readily available funding to, increase cash flow, cover new opportunities or costs such as wages and stock.

Enjoy the certainty of a fixed term facility or discuss other options available including the convenience of a flexible contract, with no minimum term.

Business Loan - Secured

LoanOptions is a broker who uses leading edge AI to match potential lenders to the best financial solution

Submit loan application within 8 minutes and get instant pre-approval.

With full cooperation, often are able to provide same day funding

Access to 20+ lenders & more

Small Business Loan - Secured

Tailor repayments to suit your cash flow

Find the best interest rate

Same-day approval

NZ’s top rated finance company on Trustpilot, with over 8,000 customers scoring MTF Finance 4.9 out of 5


Be in to win free fuel for a year valued at $5,200 when you take out a loan before 1 March 2024. T&Cs apply.

Business Loan - Secured

Compare Business Loans will find you the best rate from multiple lenders

Cater to the financial needs of new businesses and startups

Obtain loan to fund asset and equipment finance

Offers cashflow and working capital loans

Bridging finance with property security

Commercial Vehicle Finance

Compare Business Loans will find you the best rate from multiple lenders

Obtain a loan for truck, van, ute and car finance

Commercial asset and equipment finance

Equity release off exisitng vehicle owned outright

How does a secured business loan work?

A secured business loan is a type of borrowing where you provide an asset, often called collateral, as security for the loan.

The asset could be your business property, equipment, or accounts receivable. If, for any reason, you’re unable to repay the loan, the lender can claim this collateral to recover the owed amount.

How can a secured loan benefit a business?

Longer repayment terms: Compared to unsecured loans, secured loans can offer longer loan terms. This can make repayments more manageable and give your cash flow some wiggle room.

Lower interest rates: Providing collateral is a way to secure a lower interest rate, saving money over the life of your loan.

Larger loan amounts: A secured loan can provide more substantial loan amounts if you’re looking to fund a major business expense or expansion.

Retain full control: Secured business loans enable borrowers to retain control over their business. Unlike equity financing, where shares are sold or additional investors are brought in, a secured loan allows the business owner to maintain full ownership.

What can be used as security in a secured business loan?

Assets approved by lenders as security usually fall into 3 categories:

  • Real estate.
  • Business vehicles or equipment, like construction or manufacturing equipment.
  • Accounts receivable.

When you’re putting up collateral for a business loan, the lender will want to know more about the asset you’re using as security. Different factors help them understand how valuable the collateral is now and in the future. For example, they’ll need to know the age or location of physical assets, like equipment or property.

Lenders evaluate accounts receivable by checking invoices and payment records and considering factors like ageing schedules, collection history, customer creditworthiness, concentration risk, and receivables’ quality. They verify the accuracy, analyse payment patterns, and might even contact customers to confirm outstanding amounts.

This information helps them evaluate the risk and make informed decisions about loan amounts, interest rates, and loan terms.

Eligibility for a Secured Business Loan

When assessing your eligibility for a loan, secured or otherwise, lenders consider the four C’s of credit: character, capacity, collateral, and capital.

Here’s what they’ll consider:

Credit history: A good credit score demonstrates financial responsibility and increases the chances of loan approval.

Financial statements: Bank statements and other financial documents like accounts receivable and payable provide insights into cash flow patterns, transaction history, and the overall financial stability of the business.

The asset: The star of the show – the asset you’re offering as security. Different lenders accept different types of assets, and their value will influence the amount you can borrow.

The ability to repay the debt: Lenders will evaluate your business’s revenue to gauge the likelihood of meeting repayments. Generally, lenders prefer businesses with a minimum turnover threshold.

What interest rate would I pay for a secured business loan?

There is no one-size-fits-all interest rate offered to businesses across the board, as each loan offer is tailored to the business’s specific circumstances and risk profile.

The interest rate you’ll be offered will be determined by a number of factors:

  • Credit history.
  • Business financial statements.
  • Monthly and annual turnover.

Generally, interest rates for business loans in New Zealand can range from 8% to 20%.
You’re more likely to secure a lower interest rate if you have an established business with strong cash flow and assets. However, newer businesses or those with limited financial history may face higher rates as the lender takes on a larger risk.

What happens if you default on payments?

Defaulting on a secured business loan is serious business. If you can’t repay, the lender can seize the asset you’ve put up as collateral, and may sell it to recoup the loan amount.

How to choose the right secured business loan

When comparing secured business loans, here are five important things to consider.

Eligibility: Does your business age, credit history and financial match their criteria?

Interest rates: Compare rates from different lenders. Keep in mind that rates depend on your business information and type; rates can generally range anywhere from 8% to 20%.

Loan terms: Understand the repayment period and frequency (weekly, fortnightly, or monthly). Check if the lender offers the ability to defer or reduce repayments if you experience financial hardship.

Financial comfort: While they allow larger loan amounts, failing to repay a secured loan could lead to the lender taking your assets. Can you realistically meet the repayment obligations?

Other fees: The interest rate isn’t the only fee to look for. Loans can include monthly account fees plus fees for establishing the loan or missed payments.

Compare Secured Business Loans

Secured business loans may be particularly beneficial for businesses seeking larger loan amounts, funding for expansion projects, or those looking to secure lower interest rates.