HomeSec Offers Competitive Business Loan Solutions for Business Growth
If you are wondering how to get a business loan in NZ for company expansion or growth, then worry not. HomeSec is one of the top business loan lenders in the country, offering flexible business solutions to all clients. The borrower can take this funding using equity in real estate for any business use and repay the entire amount with applicable interest and costs which is all included in the business loan amount and repaid within a fixed time.
The business funds from HomeSec are an outstanding alternative for all the business owners in New Zealand that require finance for expansion or growth. In other words, we can assist you in taking your business to another level. Thus if you are planning to purchase a new franchise or a business or require capital to invest in your existing business, you may find Homesec is the solution to get the necessary funds you require.
Different Varieties of business loans in NZ
There are primarily two types of business loans available at Homesec in New Zealand.
Capitalised Loans
Capitalised loans for businesses can be used for any worthwhile business purpose such as cash flow, equipment purchase and expansion. The available equity in your property is used as security for the business loan. You do not have to make any repayments until the loan expires and the total loan amount is repaid in a lump sum. This type of loan is good for cashflow or start up business who may not have the cash flow available initially to make loan repayments.
Interest Only Loans
In this type of business loan, the borrower will make monthly interest payments for the term of the loan, this is normally 12 months. This type of funding is useful if you are looking for a longer term and can afford to make monthly interest payments. Just like the capitalised loan the interest only loan uses available equity to secure the funding amount.
How much to borrow with a business loan?
While applying for a business loan, you will need to provide security such as a mortgage over your property to secure the business loan. The borrower can get up to 75% of the value of the property being offered as security less any current first mortgage already held.
You should submit all the documents to HomeSec with your application, detailing your exit strategy which is how you intend to repay the loan when it falls due. Homesec can offer repayment terms from 1 month to 12 months, you can chose to have all the costs are capitalised into the loan or make monthly interest payments.
Documents Necessary for applying for a business loan
If you want to know how to get a business loan in NZ from HomeSec and the necessary documents required, the below information will give you a clear idea.
- Business registration number in New Zealand
- Driver’s license or any ID proof
- Rates notice
- Current mortgage statement
- Purchase Agreement and Business sale if buying a new business
Reasons to Select HomeSec as your Business loan lender
HomeSec has gained quite a name in the finance world of business loans because of the following reasons.
Higher approval rates for the business loans
The loan approval rate depends on the borrower’s equity in the security property being offered as security. HomeSec aims to approve all loan applications submitted on our website, even if the borrower’s specific criteria do not match our list or have low or no document. Homesec aims to find the best solution.
Negotiation for lower interest rates
When buying a new franchise, business or commercial property, the cost can be quite high. But at HomeSec, we ensure all our borrowers get a competitive interest rate to assist businesses get the best possible deal.
Faster turnaround
A faster turnaround for business loans in New Zealand is the difference between a successful bid and missing out. Timing is significant in commercial and business deals, particularly, when several people are after the same business. Make sure you can beat the rivals by getting the best business loans in NZ in a fast time. HomeSec keeps all these factors in mind and starts the verification process as soon as you submit the loan application on our website.
How to get approval for business loans from HomeSec?
If you are searching for the best business loans in NZ, HomeSec is the perfect place to apply for them. You can start the process by filling out the no-obligation application form for business loans. After receiving the form, our lending experts will contact you to finalize the application and answer all the queries you have. You will get faster approval and funding in 24 hours in your bank account. With such an easy and hassle-free procedure, more business owners in New Zealand are turning to HomeSec for their prosperity and growth.
If you are ready to explore your different alternatives for business loans in NZ, fill out the form or talk to our expert staff to get the best solution for your company.
Frequently Asked Questions
Any business owner with a registered NZBN can apply for a business loan.
Business loans can be used for any worthwhile business purpose, such as cash flow, stock purchase or equipment purchases.
Full financial documents are not required, in some cases we may need to see business bank statements.
Yes, the term of a business loan can be extended by making monthly interest payments
You can borrow up to a maximum of 75% of the value of your property, this must also include any current mortgage you have.
You need to have a registered NZBN and sufficient equity in real estate assets.
Yes, our capitalised business loans can be repaid early without any penalty or early repayment fees.
Funding can be arranged in as little as 24 hours.
There is a small assessment fee payable if an offer for finance is accepted, this fee covers the cost of our due diligence process.