For New Zealand businesses under pressure
Declined by the bank? That's where we start.
IRD arrears, defaults, a statutory demand, accounts that are years behind, security the bank won't touch. We arrange business funding for the situations banks turn away, so you can get money in, pay your way out, and keep your business in your hands.
Free · about 60 seconds · doesn't affect your credit score · business purposes only
- IRD and GST/PAYE arrears
- Defaults and bad credit
- Statutory demands
- No recent financials
- Lifestyle blocks, land, second mortgages
What's happened?
Find your situation. Each page gives you a straight answer first.
These are the situations we deal with every week. None of them is a reason to give up on the business.
The bank said no
- Declined by the bankWhy banks say no, and how a lender that looks at security and the real story can still say yes.
- Bad creditA poor credit score narrows the field. Here's who still lends, and what they look at instead.
- Defaults on your filePaid, unpaid, disputed or old — what a default really means to a lender, and how to get past it.
- After a failed businessA liquidated company in your past doesn't have to define the next one. What lenders ask, and what they need to see.
- Without propertyWhen there's no house to secure against, your bank statements can still do the talking.
IRD is chasing
Creditors are pressing
- Statutory demandThe clock is in working days, and it's short. What to do on day one, and how funding can clear the demand.
- Consolidate business debtSeveral creditors, several due dates. When rolling them into one helps, and how to check it actually does.
- Refinance a private lenderThe short-term loan got you through. Now it's due, or it's too expensive. How to get out cleanly.
- Refinance everythingWhen patching one debt at a time isn't working, clear the lot and start again on one structure.
The paperwork's behind
Before you search "insolvency help"
When a business is in serious debt, there are two roads. Most people are only shown one.
Search for help with business debt and you'll mostly find insolvency practitioners and liquidators. They're licensed professionals, and sometimes they're exactly who you need. But their processes put someone else in control of your company, and their fees come out first. If the business is viable, there's another road.
Road one
Hand over control
Liquidation, voluntary administration or a formal restructure.
- Who runs the business
- A liquidator or administrator
- Who gets paid
- Practitioner costs first, then creditors by priority, often in part
- Your suppliers
- Often left unpaid
- Personal guarantees
- Can be called on
- The business
- Usually sold or closed
Road two
Get money in and pay your way out
A loan that clears IRD, creditors and expensive debt in one go.
- Who runs the business
- You
- Who gets paid
- Every creditor, in full, at settlement
- Your suppliers
- Paid, and still supplying
- Personal guarantees
- Not called, because the debts are paid
- The business
- Keeps trading
Most lenders won't touch a business that's already in trouble. We will look at it. Understand what each option means for control of your business and fees before you sign anything. Read this before you talk to a liquidator →
Three ways we can help
With property, without property, or everything at once
- 01
Property-secured business loans
If you, or someone supporting you, own New Zealand property with equity, we can probably help.
- $20,000 to $1m, first or second mortgage, even with an existing home loan
- Home, rental, commercial property or land
- No financials or tax returns for the initial assessment
- Bad credit, defaults and arrears considered case by case
- Funding within 24 hours of approval in some cases
- 02
No property? Cash-flow lending
We may still be able to help, based on what goes through your business bank account.
- Unsecured business loans and business lines of credit
- Usually for businesses trading 6+ months
- Sized on turnover and bank statements
- Weaker credit considered; decisions sometimes same day
- 03
A complete refinance
When patching one debt at a time isn't working anymore.
- IRD arrears, overdue creditors, private and short-term loans, cards
- All paid out at settlement, into one loan
- One lender, one repayment, one plan out
- How a complete refinance works
Served a statutory demand?
The clock runs in working days, and it's shorter than it looks
Under section 289 of the Companies Act 1993, a company has 15 working days from service to deal with a statutory demand. After that, the creditor can apply to have it liquidated.
Demand served
Write down the date. Count forward. Call us and your lawyer.
Dispute deadline
Last day to file and serve an application to set aside a genuinely disputed demand.
Pay, settle or secure
Funding arranged in time can pay the creditor directly at settlement.
Liquidation risk
The creditor can apply to the High Court. Options narrow and costs rise.
The goal isn't a loan. It's your business, still yours, a year from now.
We'd rather talk you out of borrowing that won't fix the problem than arrange a loan that just delays it. Every loan is priced on your individual circumstances, and our lending specialists look for the sharpest option available for your situation.
How it works
Four steps, and the first one takes a minute
Tell us what's happened
A short enquiry: your business, what you owe, and any property available. No documents yet.
A specialist calls you
A real conversation about the full picture, including anything time-sensitive like a demand or court date.
We match the lender
We go to the lending partner whose criteria fit your situation, secured or unsecured.
Settle and pay out
Creditors, including IRD, are paid directly. Then you get back to running the business.
Read before you decide
Guides for business owners in a tight spot
Straight, New Zealand-specific answers on IRD, statutory demands, insolvency options and credit, written for the owner, not the accountant.
- CreditorsWhat a statutory demand means, and your timelineThe 15 and 10 working day deadlines, your three ways to comply, and what happens if you don't.
- IRDIRD instalment arrangements, explainedHow to set one up, what it costs, and when paying IRD out in full makes more sense.
- IRDWhat happens when IRD issues a liquidation proceedingThe steps from IRD's letters to a High Court liquidation order, and where you can still act.
- Insolvency optionsLiquidation vs voluntary administration vs creditor arrangements: who's in control and who gets paidThe four main paths for a company in trouble, compared on control, cost and outcome.
- Insolvency optionsQuestions to ask any insolvency practitioner before you sign anythingA checklist for your first meeting, so you understand control, fees and alternatives before you commit.
- Banks and lendersHow New Zealand banks assess business loans, and why they declineThe five things a bank tests, and why a sound business can still fail them.
Straight answers
What people ask first
Can I get a business loan if the bank has declined me?
Often, yes. A bank decline usually reflects the bank's policy — late financials, IRD arrears, a default, a new business or unusual security. Our lending partners lend against New Zealand property from $20,000 to $1m and consider those situations case by case. Without property, unsecured options based on turnover may be possible for businesses trading six months or more.
Can a loan pay off what I owe IRD?
Yes. A property-secured business loan can pay Inland Revenue directly at settlement, clearing GST, PAYE, income tax and provisional tax arrears. That stops further penalties on the cleared debt and ends IRD's collection action on it.
I've been served a statutory demand. Is there time?
A company has 15 working days from service to pay, settle or secure the debt. Property-secured funding can sometimes be arranged within that window, and in some cases funding happens within 24 hours of approval. Start the day it arrives.
Do I need up-to-date financials or tax returns?
Not for the initial assessment of a property-secured loan. The lender starts with the property, what's owing on it and the plan for repayment.
Will enquiring affect my credit score?
No. Starting an enquiry is free, takes about 60 seconds and doesn't affect your credit score. A lending specialist calls you back to talk through the options.
Start here
Start here. It takes about a minute.
Answer a few short questions about your business and what's happened. A lending specialist reads it and calls you back. No documents needed to begin.
- Free, and no obligation
- Doesn't affect your credit score
- Business purposes only