Small Business Loans New Zealand
                     Small 
Business 
Loans NZ
A LoansOne NZ Presentation
LoansOne.co.nz
What is a Small Business Loans 
NZ
A small business loan in NZ can either be secured or 
unsecured. An unsecured loan is a loan that does not 
require any collateral or security. This type of loan is 
more challenging to obtain compared to a secured 
loan, as the lender has no asset to seize if the 
borrower defaults. Typically, unsecured loans for 
small businesses in NZ are also more expensive than 
secured loans because they carry a higher risk for 
the lender. It's worth noting that lenders may require 
additional documentation, such as a business plan, 
financial statements, and credit history, to assess 
the creditworthiness of the borrower and determine 
the loan amount and interest rate. Overall, while 
unsecured small business loans in NZ offer an 
attractive option for businesses that lack collateral 
or are unwilling to risk their assets, they may come 
at a higher cost and require more thorough 
assessment processes.
Features of
Small Business Loans
Small business loans can be 
secured or unsecured. Unsecured 
loans do not require any collateral, 
while secured loans do. Secured 
loans may have higher interest 
rates, but they also offer the 
security of a pledged asset. 
Lenders may also require 
additional documentation, such as 
business plans, financial 
statements, and credit history, to 
assess the creditworthiness of the 
borrower. Overall, unsecured loans 
are an attractive option for 
businesses that don't need to 
worry about collateral, but they 
may come with higher costs.
What more could you ask 
for? 
Why Small Business Loans 
are Important
Small business loans, especially unsecured loans, 
play a crucial role in providing financial support to 
businesses. The primary benefit of an unsecured 
small business loan is that it allows businesses to 
secure funds without having to provide collateral. 
This can be particularly important for small 
businesses that do not have valuable assets to use 
as security or are unwilling to risk their personal 
property.
In addition to this, obtaining and paying off an 
unsecured small business loan can be an effective 
way to build or improve a business's credit history. 
Making timely payments on the loan can positively 
impact the credit report and increase the chances 
of being approved for better loan terms in the 
future.
Another significant benefit of small business loans 
is the flexibility they offer. With no specific 
spending requirements, businesses can use the 
funds to cover any expenses that arise, whether 
it's to purchase inventory, expand their operations, 
hire new staff, or any other business-related 
expenses.
Overall, small business loans are crucial in 
supporting the growth and success of businesses, 
particularly for those that require funding without 
the need for collateral or have a limited credit 
history.
Who are Small
Business Loans for?
Small business loans are suitable for 
businesses that require financing but 
cannot provide collateral for a traditional 
loan. These loans can be utilized for 
various purposes such as purchasing 
equipment, inventory or working capital. 
Small business loans can be beneficial 
for businesses that do not qualify for 
other types of financing, although they 
often come with higher interest rates 
compared to secured loans.
The Myths of a Small
Business Loans
One common misconception about small business 
loans is that lenders provide cash in paper bags. This 
is not true as legitimate lenders do not deal in cash.
Additionally, while indicative interest rates can be 
provided, the actual interest rate depends on the 
borrower's assessment. It's important to note that 
non-bank lenders generally have higher rates and 
costs compared to banks, but they can provide faster 
funding than banks.
Another myth is that having bad credit history will 
automatically result in loan denial by a bank. This is 
often true, but private lenders and brokers like 
LoansOne NZ can help businesses with bad credit 
history secure an unsecured loan at the best possible 
rate.
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