Who it may help
Possible fit
- Companies, sole traders and self-employed owners
- New and established businesses with property security
- Businesses a bank has declined or cannot fund in time
Business loans NZ
Business loans for New Zealand businesses, direct from the lender
Borrow $20,000 to $1,000,000 for a genuine business purpose, secured against New Zealand property. HomeSec is a direct, privately funded lender: we assess and fund our open-term business loans ourselves. Funding may be possible in as little as 24 hours, and approved facilities may offer up to six months with no scheduled payments. Every application is subject to assessment.
Appropriate uses
Business needs
- IRD and GST obligations
- Stock, equipment and fit-outs
- Buying a business or premises
- Working capital and bridging a gap
Consider carefully
Important factors
- Suitable property security is required
- Interest and costs accrue for as long as the loan runs
- A clear repayment or refinance plan matters
How a HomeSec business loan works
A HomeSec business loan is secured by a registered first or second mortgage over suitable residential or commercial property in New Zealand. The property can belong to the business or to its owners. If your bank already holds a first mortgage, it can stay in place, and we take a second mortgage behind it, usually with your bank's consent.
Our loans are open term, so there is no fixed end date to race against, and you can repay early at any time. Interest and other costs accrue for as long as the loan runs, so most borrowers plan to repay from business cash flow, a property sale or a refinance with a bank once their accounts catch up.
Types of business loans in New Zealand
Bank business loans are usually the cheapest option if your business fits the bank's criteria and you have time for its process. Banks commonly ask for two or three years of financial statements and often take security over property and the business's assets.
Unsecured business loans from non-bank lenders can be quick for smaller amounts. They lean on trading history and credit, usually run for a fixed term with regular repayments from the start, and commonly need personal guarantees. Asset and equipment finance is secured on the item being bought, and overdrafts or lines of credit cover day-to-day cash flow.
A property-secured business loan from a private lender such as HomeSec can reach larger amounts and focuses on the property, the purpose and the exit. That suits newer businesses, owners with credit or IRD issues, and deadlines a bank cannot meet. It usually costs more than a bank loan, so weigh the cost against what the money will do for the business.
What New Zealand businesses use HomeSec loans for
Business owners use HomeSec loans to pay IRD and GST, buy stock ahead of a busy season, buy or upgrade equipment, fit out premises, buy a business, settle a commercial property purchase before another sale or a bank loan is ready, and refinance a lender that wants to exit.
HomeSec lends only for genuine business or commercial purposes. We do not lend to buy or renovate your own home, or for personal spending. HomeSec is based at 152 Fanshawe Street, Auckland, and lends against suitable property almost anywhere in New Zealand by phone and online.
How the assessment works
Purpose, property and repayment path.
A useful scenario is not only a requested amount. It connects the business need to suitable security and a realistic way for the facility to be repaid or refinanced.
- 1. Explain the opportunity.
Provide the amount, intended use and timing. - 2. Outline the property.
Share ownership, location, estimated value and current lending. - 3. Show the exit.
Describe how and when repayment or refinance is expected. - 4. Review terms and risks.
Understand the documents, total cost, obligations and alternatives before proceeding.
Top tips for a faster, smoother assessment.
The right level of documentation depends on the proposed structure and what the team needs to verify.
Identity, property ownership, existing lending, the source and use of funds, and the proposed exit may all need evidence. Legal work can also apply.
Raise difficult details early. Tax obligations, arrears, a recent credit event or an urgent deadline can be assessed more effectively when they are explained upfront.
Common questions
What business owners usually ask next.
How much can I borrow with a HomeSec business loan?
HomeSec lends $20,000 to $1,000,000. The amount for your scenario depends on the property's value, what is already owed on it, the business purpose and how the loan will be repaid.
What do I need to apply for a business loan?
To start, tell us the amount, what it is for and how long you need it, the property address, who is on the title, an estimated value, what is owed on it and to whom, and how you plan to repay. No valuations or cashflow records are needed to make an enquiry. Identity, ownership and legal checks follow during assessment.
How quickly can a business loan be funded?
Funding may be possible in as little as 24 hours, subject to approval, documents, security, legal work and settlement requirements. Raising any first-lender consent, tax debt or credit issues early helps avoid delays.
Can I get a business loan without trading history?
Possibly. HomeSec has no minimum trading period and can consider a new business where there is suitable property security and a clear plan for the money. Approval is never guaranteed.
Can I get a business loan with bad credit or IRD debt?
A credit default, arrears or tax debt does not automatically rule you out. HomeSec looks at the business purpose, the property security and the repayment plan together. Tell us about any issues upfront so they can be assessed properly.
Can I get a loan to buy a business?
Yes, where suitable property is offered as security and the purchase is a genuine business purpose. Buyers use HomeSec loans for a deposit, to settle on time or to fund working capital after taking over. Get legal and accounting advice on the purchase itself.
Do I have to start repayments straight away?
Not always. An approved HomeSec facility may offer up to six months with no scheduled payments. Interest and other costs still accrue during that time, and the exact payment settings are set out in your loan contract.
What interest rate will I pay?
HomeSec does not publish a standard rate, because pricing depends on the amount, the property security, the purpose and the full scenario. The interest, fees and conditions that apply to you are set out in writing before you proceed, so you can compare the total cost with any other offer.
Is HomeSec a broker?
No. HomeSec is a direct, privately funded lender. We assess, approve and fund our own loans. Brokers and advisers can also refer their business clients to us.
Do consumer lending rules apply to business loans?
Generally not. A loan used mainly for a business purpose is not a consumer credit contract under the Credit Contracts and Consumer Finance Act, so many consumer protections will not apply. Read the contract carefully and get independent legal advice before you sign.
Related pathways
Compare the nearby options.
Information is general only and is not an offer or approval of finance. Lending is subject to assessment, acceptable property security, documentation, legal requirements and final approval. Independent legal, financial and tax advice may be appropriate for your circumstances.
Next step
Discuss a business loans secured by property scenario.
A short scenario conversation can help establish whether property-secured business finance may fit.