Learn More about Business loans Before You Apply !
Cashflow is the lifeblood of any business, and a business loan can be a great way to get the cash you need to keep your business running smoothly. Whether you need to purchase new equipment, expand your premises, or simply cover some unexpected costs, a business loan can give you the financial breathing space you need.
Business loan options
There are a number of different business loans available in New Zealand, so it’s important to compare your options and find the loan that best suits your needs. Keep in mind that the interest rate and repayment terms of a business loan can vary significantly, so it’s important to shop around and compare offers before you make a decision.
If you’re looking for a business loan, we can help. We’ve got a wide range of business loans guides and tips , and our team of experts can help you find the right loan for your business.
TERM LOAN
TERM LOAN- are loans that require the consumer to make monthly payment throughout the life of the loan. Term loans can be used for variety of purpose such as: Equipment purchase Working capital Finance expansion Undertake construction projects Buy buildings, etc
SHORT TERM BUSINESS LOANS
Short term Business loans are loans that last for about 12 months or less and a lump sum payment is need to be done at the end of the loan term. Short term business loans are ideal for: Purchasing business supplies or equipments Paying wages to the workers Improving working capital Paying tax Going on a business trip
UNSECURED BUSINESS LOANS
Short term loans are of two types secured and unsecured. Unsecured business loans help entrepreneurs meet their urgent cash needs.
Unsecured business loan is the easiest way to get small business loans NZ to start up a new business or expand an existing one. The most advantageous part of unsecured loan is that the borrower is on the safe side as he/she does not have to put his/her property or any collateral for the loan. In this way the property is not at risk.
The loan providers of unsecured business loans are mostly interested in the credit worthiness of the borrower as there is no security. Thus, the amount of loan depends on the credit history of the borrower.
FRANCHISE BUSINESS LOANS
One of the best way to own a business is buying a franchise, most of the franchise business comes with income grantee for 12 months or so. Franchise business can be expensive and that’s where the franchise business finance comes into play. There are many companies that provide franchise finance in New Zealand. At loan ln we have information, advice and tips on how and where to get franchise loans
BUSINESS CREDIT CARDS
A business credit card is jut like any normal credit card except that its used for business transactions only. Any trip, purchase or hire for the company can be accommodated by the business credit card. Loan nz ha sourced out some of the best advice and information that will help you in deciding if a business credit card is going to be good for your business in New Zealand.
Business Loan Lenders In New Zealand
Looking for a business loan in New Zealand? We have a wide range of business loan options from a number of different lenders. Whether you’re looking for a short-term loan to cover unexpected expenses or a long-term loan to finance a major project, we can help you find the right loan for your business.
ASB Business Loans
ASB offers a wide range of funding options to the people of NZ. They offer services such as business overdraft, asset finance, and fixed rate loans, floating rate loans and committed cash advance facility. Short term and long term loans is also available at ASB.
A business loan from ASB gives you the opportunity to give your company a competitive edge it deserves. Competitive fixed and floating rates are available for you and the payment options are tailored to suit you. If you want to take your business to the next level then ASB is there to help you out. To know more about the services provided by ASB visit their website www.asb.co.nz
Asset Finance Business Loans
Asset Finance offers instant personal loans and business finance. They can give you from $400 to $400,000 within a few hours, without much hassle if you meet the loan criteria. Asset Finance provides business loans and asset finance for up to $25,000 to $400,000+ for the term of up to 5 years. Some reasons as to why you should choose Asset Finance for your future finance needs include
offers easy 5 minute application process
fast approvals
you can apply for business loan online
they offer repayment options that suit you the best
flexible loan criteria
For further information about Asset Finance services visit their website www.assetfinance.co.nz
Avanti Finance
Avanti finance provides unsecured business loans and does not requires specific security when granting unsecured business loans however “all present and acquired personal property l” clause is used to secure the loan. It grants a minimum loan of three hundred and a maximum of five hundred dollars.
To qualify for higher lends the borrower needs to have a residential property that meets equity criteria as security and meet all other normal lending criteria. Interest rate is set taking into account the loan structure, the security and customer credit profile. Interest rates range from 12.95% to 28.95% depending on amount of loan taken. Loan taken must be paid in three to sixty months time is given. Thus to obtain an unsecured business loan in Avanti finance you must have a sixty days bank statement and a proof of borrowers income.
For more information you can check out their website www.avantifinance.co.nz
Finance Now
Finance now provides unsecured business loan and the minimum unsecured business loan lend is one thousand dollars and the maximum loan lend is twenty thousand dollars. The borrower must have a residential property that can be set as security against the loan. Also there is no requirement for the borrower to provide collateral for unsecured business loan the amount you borrow is less and the interest rate is high. Furthermore the interest rates starts at 13.95% and ranges on the amount that is borrowed hence the more the loan the higher the interest rate. lastly the amount borrowed must be paid in sixty months from the date the loan is lend to the borrower.
For more information you can check out their website : www.financenow.co.nz