Common questions
Business finance answers, without the jargon.
Current information about amounts, security, timing, open-term structures and preparing a scenario.
Do I need financial statements for business finance?How long does the process take?What are the business finance options?Where can I get business finance?What supporting documents will I need to provide?How much does a bridging loan cost?How much equity do you need for a bridge loan?Do bridging loans have interest-only terms?What is the interest rate for bridging finance?How long can you have bridging finance?Can I get bridging finance if I have a bad credit rating?What information will I need to provide when applying for First Mortgage?What are the qualification requirements for a first mortgage?How Do I Apply for a First Mortgage Loan?Do I need great credit to get a first mortgage?What does 1st mortgage security mean?How much money can I take out in a second mortgage?What are the requirements of a second mortgage?What are the terms and payback period for a second mortgage?Do I have to get my second mortgage from the same place as my first mortgage?Can I get a second mortgage with bad credit?Is it better to refinance or take out a second mortgage?Can I refinance a second mortgage?What types of small business loans can I get in New Zealand?How do I apply for a small business loan in New Zealand?What are the eligibility requirements for small business loans in New Zealand?How do I compare small business loan options in New Zealand?What are the alternatives to small business loans in New Zealand?What defines a “small business” loan? Am I still eligible if I have $1 million in revenue or 100 employees? What’s the cut-off point?How long is an open-term business loan?How do you qualify for an open-term business loan?Do I need to provide property security for a business loan?Can I increase my business loan halfway through the term?How are open-term business loans repaid?How Much Can I Borrow With A Caveat Loan?How Long Does It Take For A Caveat Loan To Be Processed?Can I get a caveat loan with bad credit?What Documentation Is Required?Who can apply for a caveat loan?Do I have to provide additional security?What information do I need to supply and when will I find out if my application has been approved?What happens if I default under the agreement?Can I use additional collateral from a third party?What will my interest rate be?How do I go about applying for asset finance?If I use asset finance, do I need to insure the assets?Can anyone apply for a business loan?What can I use a business loan for?What business records do you need to see?Can I extend my business loan?How much can I borrow?What do you need to qualify for a business loan?Can I repay a Business Loan early?How long does it take to receive Business Loan funds?Do I have to pay an assessment fee for taking out a Business Loan?How do I apply for a loan?Is there a minimum loan amount?How long will it take for my loan application to be approved?How is the interest rate calculated?What kind of security is needed for my loan?How much will you lend me?How long does it take to get a business loan?What security do I need to get a HomeSec Business Loan?Do you send a Valuer around to the property?What paperwork do you need?Do I need to show tax returns or other financial records?How long are HomeSec business loans for?Can I extend my business loan & are there any fees?Can I repay my business loan early & are there any penalties?Do I need to own a company to get a business loan?Can I get a business loan if I have a poor Credit Score?What parts of New Zealand will you lend in?