Have Your Own Company? Apply For A Business Loan With LoansOne
Do you own an established business, or want to start a new company and be your own boss while creating a job opportunity for others? Well, for that, you will need a business idea and business loan. If you are a small business owner or a startup entrepreneur who needs access to business loans in New Zealand and is tired of dealing with the banks, then you have found the right place.
LoansOne is dedicated to connecting small business owners with business lenders in New Zealand and offering the best loan offerings to their clients. We make it easier and hassle-free for all business loans, secured or unsecured. The team at LoansOne has the necessary lending expertise to offer a great start to your business or to extend an established company.
Different Types of Business Loans Offered by LoansOne
We offer the following types of business finance to clients.
1. Secured Finance
With secured business loans in New Zealand, the borrower offers some security or collateral to the lender to secure the loan against. Providing property as collateral will offer you better terms like longer loan terms and more relaxed loan criteria. It results in a better chance of getting your NZ business loan approoved.
2. Unsecured Finance
With unsecured business loans, the borrowers do not have to submit any security for the loan. This allows borrowers to access instant capital without having to offer real-estate property or other assets as collateral. This can be one of the most flexible types of business loans in New Zealand, however a few more conditions need to be met, such as regular business cashflow.
Why Do You Need Business Loans in NZ?
Most business owners find themselves in a tricky position where they will need a loan to grow or expand their business. Sometimes, you might have to buy expensive equipment to improve the production of the business or hire an additional employee to help manage the workload. People also need business loans for renovating the business, purchasing a franchisee or opening the company’s new branch. Other reasons why you might require business funding in NZ are as follows:
- Purchasing important stock
- Maintaining and upgrading the machinery and vehicles
- Access to the cash flow for daily operations
- Payment of outstanding or unexpected tax bills
- Upgrading your IT and phone systems
- Creating a new website
- Funding for an advertising campaign
One primary concern they face while navigating their way towards success is the complex process of acquiring capital. Getting funding from traditional banks can be a difficult and daunting task, particularly if you have a bad or poor credit history. Before applying for business finance in NZ, you must first understand your company’s funding requirements. After that, find the required funding solution and prepare the necessary documents to obtain the funds.
Eligibility Criteria For Applying For The Business Loan in NZ
You can apply for business financing from LoansOne if you satisfy the following criteria.
- The borrower should be above 18 years of age
- A permanent New Zealand resident
- Identity proof like a driver’s license or passport
- Business bank statement for the past three months
- Address proof like a utility bill, government letters or bank statement
- Recent business financial accounts like tax receipts
Why Select LoansOne As Your Business Lender?
LoanOne has become increasingly famous among borrowers offering business loans in NZ, which they need quickly. We deliver numerous funding alternatives to borrowers, including short-term and secured business loans.
Our primary focus is to ease the loan application process, the time the borrower gets the money and the terms and repayment flexibility. We can provide you with uncountable reasons why business owners prefer our lending products compared to other financial institutions. Some of the most notable ones are as follows.
- Offers different finance lending solutions customized according to your business or company
- Faster loan application, processing, verification and approval process
- Get the required funding without much effort or problem
- Loan amount approval from $5,000 to $500,000 Dollars
- Loan terms from 3 months to 3 years
- Minimal documentation requirement
- Higher approval rates
- Hassle-free online application process
Have more questions? Contact our financial specialists for more information on business loans in New Zealand. Here at LoansOne, we always try to make the borrowing experience as simple as possible.
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Don’t just take our word for it
After being let down by a large debtor, my business was severely struggling. I turned to Google for help and thankfully found LoansOne. The business team were so helpful and easy to work with. Thank you!
Peter W
I’d never heard of Trade Finance for Importers. I was about to refinance my home, thankfully, the team at LoansOne arranged a solution especially for me so I could increase the amount of stock I could import. A great experience.
Brendan S
My business was in a situation that was just too ‘inconvenient’ for many lenders and the banks. However, LoansOne found a solution to suit my business and now my business is back to how it used to be. I am so grateful.
Jennifer G
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Frequently Asked Questions
You can use a business loan for any business use. Some of the main reasons are new business acquisition, equipment, vehicles, inventory, expansion, staffing or day to day cash flow. We have a variety of lenders who can fund for multiple reasons.
Initially bank statements are usually required for assessment and depending on the lender, full financials for the business may be required.
This will depend on the Lender but in some cases you will need to refinance or vary the current loan to extend it
Loan amounts range from $5k to $500k depending on the Lender and type of loan.
This will vary depending on the lender and the loan you want to apply for.
This varies depending on the lender but most of our lenders have an option to repay the loan early.
Depending on the lender, you could receive funding within a few hours or within 24-48 hours upon formal approval.
Most lenders will have an application fee.