BNZ can cover most business finance needs. Use BNZ to help your business grow, increase your cashflow and purchase new assets and equipment. BNZ can help with business loans up to $100k, overdraft facilities up to $100k, credit cards up to $50k or asset and equipment finance from $5k.
BNZ have an online service called QuickBiz where you can apply for any of the above business finance options and receive a decision or next steps in 2 working days. Quick Biz is designed to be quick, simple and 100% online.
BNZ business term loan
BNZ offer secured term loans at a fixed rate with flexible terms. Security used can be property or other business or personal assets like a vehicle. Interest rates will start ay 7.17% + a margin which is calculated daily on the amount outstanding in your agreement.
BNZ overdraft or revolving credit facility
An overdraft is an ideal option that means funds are there when you need them and you only pay interest on any debit amount. If you have quiet months an overdraft or revolving credit facility is ideal so you have funds available to cover your operating expenses over that time. Repayments can be made at any time making it a flexible option for most businesses. You can access up to $100,000 without any additional security. BNZ overdraft interest rates start at 11% + a margin (rate subject to BNZ lending criteria).
BNZ asset and equipment finance
BNZ offer asset and equipment finance for new and used equipment to help your business grow. Asset finance means you pay your equipment off while it is making money for you and you don’t need to use all your savings or cashflow to purchase it. Terms are between 1 to 5 years and you can structure your repayments to suit your business.
Is a BNZ business loan right for you?
In summary, BNZ offer a good range of loans to suit most businesses. As a tier 1 bank lender they offer great interest rates and there are flexible term options plus fixed or floating rates. If you are unsure what type of loan is right for your business, speak with Compare Business Loans to chat about your options. Once we understand your business situation and where you are heading, we can help you understand what is required to apply for a business loan, the steps when applying and we can manage your application from start through to settlement.
Our brokering service is free. A broker fee will be included in your loan amount only if your application is successfully settled.