Best Business Loans in New Zealand

Get a business loan that solves your problems!

Want to get the best business loan in New Zealand? Checkout our top lenders, if you want business finance but are not sure where to begin, we’ve done the work for you. We’ve created a shortlist from our lenders to get you going, or if these options don’t meet your needs read on!

Secured Loans

Unsecured Loans

Invoice Finance

Bizcap logo


  • Secured business loans from $5k to $2m over 3 – 12 months.
  • There is a fast cash option for short term obligations or longer term higher amounts.

What do we like?

  • Flexibility and speed in processing as they are a direct lender with no penalties if you pay your loan early.
  • Offer Line of credit accounts for short term funding.
  • Assess your application and give a conditional offer without running a credit check.
Prospa logo


  • Unsecured business loans up to $150k and secured funding up to $500k.
  • Borrow from $5k to $500k over 12 – 36 month terms.

What do we like?

  • Prospa provide an app to manage repayments and a dedicated account manager for the term of the loan
  • Repayments are weekly and you can repay early.
  • Offer Line of credit accounts for short term funding.
Fundtap logo


  • Get cash from your unpaid invoices, select the invoices you want to fund and see the charges immediately.
  • Integrates with Xero, MYOB, QB & Reckon to automatically sync client invoices and speed up approvals.

What do we like?

  • No changing of payment account details to your customers, no term contracts, no admin fee and Fundtap does not contact your clients.
  • You can repay invoices early.


Other options for business loans in New Zealand?

If the finance options above are not the right solution, consider these business loan options.

Secured and Unsecured Options

Line capital logo word wrapped business loans New Zealand

Line Capital has acquired the Zip Business Capital loan portfolio in New Zealand. Their specialty is simple, hassle free business loans up to $500,000 to help your business succeed.

What: Unsecured and partially secured business lending | $10,000 to $500,000

How: Apply now if you meet this criteria: NZ based business, Revenues of $200k or more over last 12 months, Trading > 18 months, are cashflow profitable.


Invoice Finance & General Finance

Scotpac logo

Scotpac offer both Invoice Finance and Secured/Unsecured solutions. With their invoice finance (also known as Factoring or Debtor Finance) you can effectively access a line of credit with no property security. Whereas their Boost Business Loan product can provide unsecured lending up to $200,000.

What: With Invoice Finance, you can access a line of credit with no property security required. Facility limits range from $10K to $150M to support every business size. With a Boost Business Loan Scotpac will lend between $10,000 and $200,000. As a general rule they can fund up to 100% of your average monthly sales.

How: Enquire now for a tailored package for your business. Make sure that you have owned your Business and been trading in the same location for at least 6 months and that you can prove a minimum turnover of $10,000 per month in total sales.


Brokers Doing the Work For You

Compare Business Loans logo business loans New Zealand

Compare Business Loans are a loan broker who will take the hard work out of the search, they’ll match your business to the best option. Working with multiple lenders they can help whether you are buying a business, a startup, a secured loan, a truck, you name it.

What: Asset/vehicle/equipment finance, cashflow and working capital loans, bridging finance with property security.

How: Make an application and get the team to do the work for you.

Loan Options logo are a loan broker who walk you through the whole application process using their AI matching technology. have a step by step robot that walks you through each requirement and you end up with a completed application done 100% online.

What: Both secured and unsecured loans available, will use technology to link you to 20+ lenders to secure the best deal.

How: Apply here and follow their step by step wizard.


Face to Face Service

MTF logo

MTF specialise in offering traditional face to face service via their branch network throughout New Zealand, with over 50 offices around NZ you can apply in person if you prefer or complete online. MTF offer business loans, finance lease, operating lease and business vehicle loans.

What: For secured loans interest rates range from 11.7% to 23.7% and unsecured loans range from 14.2% to 24.2% with your car or other asset as collateral.

How: Visit your local MTF store using the store finder on their website or apply now via their website for same day approval.


100% Online

Harmoney Logo

Although primarily known as a personal loan provider, Harmoney will happily lend for business reasons if you apply under your personal name.

What: Unsecured loans ranging from 9.99% to 24.99% for 3, 5 or 7 years for $2k – $70k.

How: Apply here for their 100% online application process, most loans are funded within 24 hours.


Business Loan Requirements NZ

Each business loan provider has different requirements for lending, which is also dependent on the type of borrowing you’re requesting. For example, you may be seeking selected invoice finance via a firm like Fundtap or an an unsecured loan of $100,000 from Prospa. In either case you can check the details in our listings for the specifics but generally you’ll be looking to show the following.

  • Your business is New Zealand based.
  • You earn a specific amount of revenue per month over the last 12-18 months or longer.
  • Your business is profitable.

Even if you don’t fulfil all these requirements, it’s still worth opening a dialogue with a business loan provider to create a plan of how you can get to that point.

Business Loan Interest Rates NZ

As a first step, business loan providers will assess the health of your business, the amount you want to borrow and your credit rating. The key factor of that decision making being the interest rate and repayment terms. From the borrower perspective you need to access the best business loan provider for your needs. Across our lenders our invoice financing can be as little as from 4% and our business loan rates can start from 8%, the key is to start talking to a professional adviser so you know what to do to gain access to borrowing at the best rates.

Can I get a small business loan in NZ?

Our panel of lenders cater to all business sizes, it’s no problem to seek funding for a small business loan.

Small business grants in New Zealand

Can I get help for my business in NZ? The answer is yes, the New Zealand government has extensive advice and financial assistance programs for start-ups and established businesses. Check out these resources.

Grants and help for new business
You’ll find details on Support for Maori business owners, Start-up and founder support, mentoring, grants and funding.

Grants and help for established business
You’ll find details on the Regional Business Partner Network, Support for Maori business owners, Management Capability Funding, Provincial Growth Fund, Mentoring, grants for research and development, Grants for primary industry business

Regional Business Partner Network
Funded by the New Zealand government, the RBP Network consists of 14 regional growth agencies throughout the country. This means you’ll get support from people who live and work in your region.

Business Loans New Zealand Summary

There are specialist providers in the market with products tailored to specific businesses and business requirements. Therefore, it’s crucial to make certain you’ve connected to the loan provider who offers the business loan product you need.

  • Understand what your business needs are, speak to your accountant if necessary.
  • Study the options, make a shortlist and then start talking to the loan provider firms.
  • Remember their job is to help you to make your business a success, if they’re not the right fit enquire with another option.

Compare all business loans

Want to see more information, go to our business loans comparison page to see more information about each lender!