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                                            The Best Business Loan Providers in New Zealand (2025): A Comprehensive Guide for Kiwi Entrepreneurs

Securing the right business loan is a pivotal step in the journey of growth, innovation, and sustainability for companies across New Zealand. Whether you're a start-up looking to get off the ground, an established SME scaling operations, or a family-run venture navigating seasonal challenges, choosing a reliable business loan provider is essential. In 2025, the lending landscape in New Zealand offers more diversity, flexibility, and opportunity than ever before.

1. ANZ Business Lending 
New Zealand’s largest bank, offering a wide range of term loans, overdrafts, and asset finance with tailored support. 
Typical interest rate: from 6.25 percent per annum

2. ASB Business Loans 
Known for fast online applications, flexible repayment structures, and dedicated SME support. 
Typical interest rate: 6.5 percent to 9.5 percent

3. Westpac New Zealand 
Offers working capital finance, seasonal lending, and commercial property loans. 
Typical interest rate: 6 percent to 10.25 percent

4. BNZ (Bank of New Zealand) 
Comprehensive solutions for small businesses, including cash flow loans and long-term capital. 
Typical interest rate: 6.25 percent to 10 percent

5. Kiwibank Business Finance 
A New Zealand-owned bank with a strong commitment to local business success. 
Typical interest rate: 6.75 percent to 9.9 percent

6. Heartland Bank Business Loans 
Provides unsecured loans up to $500,000 with minimal paperwork. 
Typical interest rate: from 7.5 percent

7. Prospa New Zealand 
A leading fintech lender known for quick approvals and short-term funding. 
Typical interest rate: 9 percent to 25 percent

8. FlexiGroup NZ 
Offers tailored finance and leasing options for SMEs and retail-based businesses. 
Typical interest rate: 7.9 percent to 18 percent

9. UDC Finance 
Specialists in vehicle and equipment finance for businesses across all industries. 
Typical interest rate: 6 percent to 11 percent

10. ScotPac NZ 
Focused on invoice and trade finance, ideal for exporters and wholesalers. 
Typical interest rate: from 1.5 percent monthly

11. Lend Capital NZ 
Offers cash flow and term loans from $5,000 to $1 million with flexible terms. 
Typical interest rate: 9 percent to 19 percent

12. Spotcap NZ (now Zip Business) 
Specialises in unsecured business lines of credit. 
Typical interest rate: 7 percent to 20 percent

13. Funding Partners NZ 
Provides debt structuring and alternative business finance for mid-sized companies. 
Typical interest rate: from 6.5 percent

14. Boost Capital 
Short-term finance tailored to SMEs in retail, hospitality, and e-commerce. 
Typical interest rate: 12 percent to 28 percent

15. GetCapital NZ (launching 2025) 
Expanding from Australia, offering working capital loans and invoice finance. 
Expected interest rate: 8 percent to 15 percent

16. Zip Business (formerly Spotcap) 
Continues to offer credit lines and buy-now-pay-later services for B2B. 
Interest rate: 7.5 percent to 18 percent

17. Bizcap New Zealand 
Caters to businesses with poor credit scores or limited trading history. 
Interest rate: 18 percent to 35 percent

18. SME Finance NZ 
Provides simple loan access with fast funding decisions. 
Interest rate: typically 8 percent to 14 percent

19. Fuelled NZ 
Cash flow funding based on invoice values. Great for growing businesses with slow-paying clients. 
Rate: from 2 percent monthly

20. CapitalBox NZ (planned 2025) 
Global fintech lender entering the NZ market to support digital-first SMEs. 
Estimated interest rate: 9 percent to 20 percent

21. MyCashline NZ 
Short-term working capital provider offering weekly repayment terms. 
Rate: from 1.8 percent per month

22. Bridgewest Finance 
Offers bridging loans and asset-backed lending for commercial purposes. 
Typical rate: 7.9 percent to 15 percent

23. PeerFund NZ 
New peer-to-peer lending platform focusing on ethical and local investment. 
Interest rate: 6 percent to 11 percent

24. Fair Capital Lending NZ 
Specialises in green loans and impact-based lending. 
Interest rate: 5.5 percent to 9.5 percent

25. Funding Hub 
Compares multiple lenders and secures best-fit loans for SMEs. 
Typical interest rate: varies based on lender match

26. PaySauce Lending 
A payroll integration fintech entering SME lending in 2025. 
Expected rate: 6 percent to 10 percent

27. Aroha Lending Cooperative 
Maori-owned community lender for social and enterprise development. 
Rate: low fixed rates starting at 4 percent

28. Icehouse Ventures Capital Support 
Supports start-ups with convertible notes and founder-friendly loans. 
Terms: equity-linked, often 0–5 percent interest

29. Southern Cross Lending 
Private business lender with customised solutions for rural businesses. 
Typical rate: 6.5 percent to 10.5 percent

30. KiwiCapital Business Loans 
Newly launched in 2025, offering digital-first loans to SMEs and contractors. 
Interest rate: 7.2 percent to 13 percent



Additional Topics: How to Choose the Right Business Loan in NZ 
Choosing the best loan provider requires comparing not just interest rates, but also repayment terms, hidden fees, early payment flexibility, and sector expertise. Be mindful of the lender’s digital tools, customer service, and whether they specialise in your industry type.

Government and Grant Support for NZ Businesses in 2025 
Make use of the Regional Business Partner Network, Callaghan Innovation funding, NZTE grants, and MBIE subsidies. These can often be combined with private finance to lower the cost of borrowing.

Key Steps Before Applying 
Prepare your business financials, tax records, cash flow forecasts, and a strong loan purpose statement. The better your application, the lower the rate and higher the funding you can secure.

Conclusion 
New Zealand’s business lending market in 2025 is competitive, innovative, and more SME-friendly than ever. Whether you need $5,000 to cover payroll or $500,000 to scale globally, the 30 providers listed above offer the best financing tools to help you achieve your entrepreneurial goals. Choose smart, compare wisely, and build your business with a strong financial foundation.                                    

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