How it works
From a one-minute enquiry to creditors paid
You tell us what's happened in a short enquiry, a lending specialist calls you to understand the full picture, we match you with a lending partner whose criteria fit, and at settlement the lender pays your creditors, including IRD, directly. You don't need documents to start.
1. The enquiry
About 60 seconds. Your business, roughly what you owe and to whom, and whether there's property available. Free, and no credit check.
2. The call
A lending specialist calls you back. We'll ask what happened, what's urgent, and what you'd like the money to do.
3. The match
We take your situation to the lending partner whose criteria fit, secured or unsecured, and tell you what they'll need.
4. Settlement
Valuation, documents, approval. The lender pays creditors directly, and you get back to running the business.
What happens on the first call
It's a conversation, not an interview. Our lending specialist will want to understand:
- What happened. A couple of sentences is plenty.
- What's urgent. A statutory demand, an IRD deduction notice, a court date, a loan about to expire.
- What you owe. IRD, suppliers, lenders, cards, anything with a date attached.
- What's available as security. Your home, a rental, commercial property or land, or a supporting party's property, and what's already owing on it.
- How the loan gets repaid. Trading, a later bank refinance, or a planned sale.
By the end of the call you should know whether funding looks realistic, roughly what shape it would take, and what happens next.
Two paths, depending on security
With New Zealand property
- $20,000 to $1m, first or second mortgage
- Home, rental, commercial property or land; yours or a supporting party's
- No financials or tax returns for the initial assessment
- Bad credit, defaults and arrears considered case by case
- IRD and creditors paid directly at settlement
- Funding within 24 hours of approval in some cases
Without property
- Unsecured business loans and business lines of credit
- Usually for businesses trading six months or more
- Amount based on turnover and bank statements
- Weaker credit considered
- Decisions sometimes the same day
Example scenarios
These are illustrations of the kinds of situations we see, not real client stories. Every situation, and every loan, is assessed on its own circumstances.
IRD deduction notice, Whanganui
A small engineering firm behind on GST and PAYE had a deduction notice sitting on its bank account. The owners had equity in their home. A second mortgage paid IRD in full, the notice was released, and wages were paid on time that week.
Statutory demand, Auckland
A fit-out company was served a statutory demand by a supplier on day 0. By day 3 it had a lending specialist working on a loan secured on the directors' rental property. The supplier was paid before day 15.
No property, Nelson
A café trading for two years had a short-term cash gap after a slow winter and a big equipment repair. With no property to offer, an unsecured loan sized on its EFTPOS takings covered the gap.
What to have handy
You don't need any of this to enquire. But when the specialist calls, it helps to know:
- Roughly what you owe IRD, and to which tax types
- Other creditors and amounts
- Any demand, deduction notice or court paperwork, with dates
- Property address and current mortgage balance
- For unsecured options: recent business bank statements
Process questions
How long does the whole process take?
It depends on the security and how quickly information comes together. Unsecured decisions are sometimes made the same day. For property-secured loans, the valuation and legal work set the pace, and funding within 24 hours of approval is possible in some cases.
What does it cost to enquire?
Nothing. Enquiring is free, takes about 60 seconds, and doesn't affect your credit score.
Will I be pressured to go ahead?
No. The first call is to understand your situation and tell you what's realistic. If a loan won't fix the problem, we'll say so.
Who pays the creditors — me or the lender?
With a property-secured loan, creditors such as IRD are usually paid directly by the lender's solicitor at settlement, using payout figures from each creditor.