Getting the right funding at the right time can make or break a small business. Whether you need to cover a cash flow gap, buy equipment, expand your premises, or take on a new contract, there are more options available in NZ than most business owners realise. Here is a plain-English guide to the main types of small business finance available.
Quick summary: Business loans in NZ range from $5,000 to $2,000,000. Options include unsecured loans, equipment finance, working capital facilities, and more. Decisions often come within 24 hours.
The main types of small business finance in NZ
Unsecured business loan
A lump-sum loan with fixed repayments over an agreed term. No physical collateral required — the lender assesses your business revenue and trading history. Available up to $150,000 for most businesses. Fast approval, often same day.
Equipment and asset finance
Finance specifically for purchasing vehicles, machinery, tools, or technology. The asset itself acts as security, which typically means lower rates. Available for new and used equipment. Popular with trades, transport, and hospitality businesses.
Secured business loan
A larger loan secured against business or personal assets such as property. Access to higher amounts — up to $2,000,000 — at lower rates. Requires security and typically takes slightly longer to arrange.
Working capital loan
Designed to cover day-to-day operational costs — wages, stock, invoices, or seasonal cash flow gaps. Shorter terms and faster access. Ideal when you need money quickly to keep the business moving.
Invoice finance / debtor finance
Unlock cash tied up in outstanding invoices. The lender advances a percentage of your unpaid invoices, then collects payment from your customers. Useful for businesses with long payment terms or B2B operations.
What do lenders look at for business loans?
Unlike personal loans, business lenders focus heavily on the health and history of your business. Key factors include:
- Monthly revenue — most lenders want to see consistent turnover
- Trading history — typically 6-12 months minimum, though new business lenders exist
- Cash flow — bank statements showing money coming in and going out
- Business structure — sole trader, partnership, or limited company
- Personal credit history — directors and owners are often assessed personally
- Purpose of the loan — lenders want to understand how the funds will be used
Can a new business get a loan?
Yes — though it is harder than for an established business. Some lenders on the FYN Limited panel consider new and early-stage businesses based on the owner's personal credit history, a business plan, and projected cash flow. A personal guarantee from the business owner is often required.
If you are a new business, it helps to have a clear plan for how the funds will be used and how repayments will be met.
Watch out: Some business lenders charge high origination fees or early repayment penalties. Always ask for the total cost of the loan including all fees before signing.
How FYN Limited can help
FYN Limited is an FMA-licensed Auckland finance broker. We work with a panel of specialist NZ business lenders to find the most suitable funding for your situation — whether you are an established business or just getting started.
Business loans are available from $5,000 to $2,000,000 across a range of products. We handle the comparison and application on your behalf, with decisions typically within 24 hours.
Ready to fund your business?
Tell us what you need and we will find the right lender — no obligation, no credit impact to start.
Apply now →Frequently asked questions
Can I get a business loan with no security?
Yes. Unsecured business loans are available in NZ for amounts typically up to $150,000. The lender assesses your business revenue and trading history rather than requiring physical collateral.
How much can a small business borrow?
Through FYN Limited, business loans are available from $5,000 up to $2,000,000 depending on the type of finance, your revenue, trading history, and security offered.
How quickly can I get funding?
Many business lenders provide decisions within 24 hours. Same-day funding is possible in some cases depending on the lender and the amount required.
Do I need to be GST registered?
No. GST registration is not required. We work with businesses at all stages, including those trading below the GST threshold of $60,000 per year.