ANZ
Amount, $3 000 - $40 000 ;Term,6 months - 7 years
$3,000 – $40,000
Rate from 12,90 %
Approval: 6 months - 7 years
Business Loans in New Zealand
We compare 8 offers. Updated 20 Apr 2026.
Best Business Loans 2026
Harmoney
Amount, $2 000 - $50 000 ;Term, 3 - 5 years
$2,000 – $50,000
Rate from 6,99 %
Approval: 3 - 5 years
Loansmart
Amount, $1 000 - $10 000 ;Term, 6 - 60 months
$1,000 – $10,000
Rate from 13,95 %
Approval: 6 - 60 months
Avanti Finance
Amount, $1 000 - $100 000 ;Term, 1 - 5 years
$1,000 – $100,000
Rate from 7,00 %
Approval: 1 - 5 years
Gem Personal Loan
Amount, $2 000 - $200 000 ;Term, 6 - 84 months
$2,000 – $200,000
Rate from 9,99 %
Approval: 6 - 84 months
Lending Crowd Personal Loan
Amount, $2 000 - $200 000 ;Term, 2 – 5 years
$2,000 – $200,000
Rate from 5,03 %
Approval: 2 – 5 years
MyFinance Personal Loans
Amount, $1 000 - $50 000 ;Term, 6 - 60 months
$1,000 – $50,000
Rate from 13,95 %
Approval: 6 - 60 months
Prospa Business Loan
Prospa specialises in small business loans in NZ, with fast online applications and same-day funding for eligible businesses.
$5,000 – $150,000
Rate from 9,90 %
Approval: Same day
Financing options for NZ businesses
A business loan provides capital for equipment, inventory, cash flow or expansion. New Zealand businesses can borrow from banks, specialist business lenders and government-backed schemes. Amounts range from $5,000 for a small working capital loan to several million dollars for commercial property or large equipment purchases.
Unsecured business loans are available up to around $250,000 without requiring property as security. Lenders assess your business revenue, trading history and credit profile. Prospa and Heartland Bank are active in this space. Secured loans use business assets or property as collateral and typically offer higher limits and lower rates.
Key terms to understand
Business loan terms in NZ range from 3 months to 15 years depending on the purpose. A short-term loan suits a seasonal cash flow gap; a long-term loan suits equipment that will generate revenue for years. Check the comparison rate, not just the headline rate. Factor fees into your cost calculations. Some lenders charge a monthly or annual facility fee on top of interest.
The government-backed Business Finance Guarantee Scheme and NZTE grants may also be worth exploring before taking on commercial debt. Talk to your accountant before committing to any business borrowing.