Can I get a loan if I want to start a business in new zealand?

Can I get a loan if I want to start a business in new zealand
If you are considering a loan to start a business in New Zealand the finance options are with a bank, non bank lender or you could use your own funds plus seek assistance from family or friends to top-up your total amount. You can also look at government grants or investors as alternative options.

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Yes, it is possible to get a loan if you want to start a business in New Zealand. There are several options available, including:

Business loan from a Bank

Banks in New Zealand offer loans to businesses, including startups. You will need to meet certain requirements, such as having a solid business plan, cashflow forecast and good credit history, to qualify for a loan. You may find you get a better rate with a bank than a non-bank lender, however sometimes banks can be harder to get approved with and the application process can take longer.

Government-backed loans and Grants

The New Zealand government provides several loan options for businesses, including startups. These loans can be used for things like research and development, export development, and business growth. Information is available online on the following link:


You’ll find Support for Māori business owners, Incubators and accelerators, Mentoring, Grants and Funding options like the Callaghan Innovation Grant available here.


If you search online you will find several websites such as https://www.enterpriseangels.co.nz/ or https://www.snowballeffect.co.nz/ where you can pitch your startup business to investors who will offer funding in exchange for equity in the business.

There is also some good information on getting investors onboard with your new business idea on the government website:

Non-Bank Lenders

Non bank lenders are a popular option for starting a business in New Zealand. The application process will require a business plan, 12-24 month cashflow forecast, security for the loan and a deposit. You will need to demonstrate knowledge in the business industry or relevant experience. Your cashflow forecast will need to show profits that ensure you can meet your loan repayments and successfully run the business.

If applying for a business loan to start a business, make sure you have researched all your options and prepared well. If you don’t get the right information for your application in front of the lender, the chances of approval will decrease.

If you would like to chat about your startup business loan options with us feel free to call Glenn on 0272 611 207 or contact us by email and we can help point you in the right direction.

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Business loan lenders in New Zealand

We are partnered with multiple business loan lenders throughout NZ. Each lender provides different types of business loans and will offer different rates for small business loans depending on your business’ financial situation and financial history.

Heres a few lenders we work with and their basic lending criteria.

Get capital small business loans

Fast flexible business finance

• Loans from $5000
• Minimum 9 months trading
• Unsecured to $50k
• 10k or more monthly revenue
• Cashflow, asset, equipment finance

Heartland bank small business loans

Give your business a boost

• Unsecured up to $100k
• Terms up to 5 years
• Secured loans available
• No early repayment fees
• Interest rates from 11%

Fundtap invoice finance nz

Invoice Finance

• 100% online
• Loan off your outstanding invoices
•Funds in 24hrs
• Fast source of cashflow
• Use it when you need it

Pioneer Finance NZ

Your loan, tailored to you

• 100% online application
• Loan terms up to 7 years
• Secured finance
• Finance up to $100k
• Business finance for any reason

efco small business finance nz

We Finance Dreams

• 100% online
• From 8.95%
•Decision in 24hrs
• Startup business loans
• Vehicle finance, asset finance, cashflow loans

Speirs Finance NZ

The kiwi owned team growing kiwi businesses

• Truck Finance
• Repayment up to 5 years
• Heavy Machinery Finance
• 2nd hand asset finance
• Equity Release

Partner with Compare Business Loans Today

As a business loan broker, we are essentially an extension of your business. When you work with us, we do all the hard work for you by preparing your application and matching you with an NZ lender most likely to approve your business loan application. Get Started Now!

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