Situations

Whatever's happened, start with the situation, not the product

We help New Zealand business owners who've been declined by the bank or are under pressure from IRD and creditors. Pick the situation closest to yours; each page opens with a straight answer, then explains your realistic options.

The bank said no

A bank decline is about the bank's rules. These pages explain what other lenders look at instead.

The bank said no Declined for a business loan by the bank? Here's what happens next Why banks say no, and how a lender that looks at security and the real story can still say yes. The bank said no Bad credit business loans in New Zealand A poor credit score narrows the field. Here's who still lends, and what they look at instead. The bank said no Business loans when you have defaults on your credit file Paid, unpaid, disputed or old — what a default really means to a lender, and how to get past it. The bank said no Getting a business loan after a past business failed A liquidated company in your past doesn't have to define the next one. What lenders ask, and what they need to see. The bank said no No property? Unsecured business loans and lines of credit when your credit isn't perfect When there's no house to secure against, your bank statements can still do the talking.

IRD is chasing

Inland Revenue debt grows every day it sits. Here's how to clear it before it escalates.

IRD is chasing Refinancing IRD debt: paying Inland Revenue out in full When an instalment arrangement isn't enough, paying IRD out in full can stop the penalties and the pressure. IRD is chasing Overdue GST and PAYE: funding to catch up before IRD escalates GST and PAYE are the debts IRD pursues hardest. How to clear them and keep the business trading.

Creditors are pressing

When suppliers, lenders or a statutory demand are closing in, money in changes the conversation.

Creditors are pressing Served a statutory demand? Funding options inside the 15 working days The clock is in working days, and it's short. What to do on day one, and how funding can clear the demand. Creditors are pressing Consolidating business debt into one repayment Several creditors, several due dates. When rolling them into one helps, and how to check it actually does. Creditors are pressing Refinancing out of an expensive private or short-term lender The short-term loan got you through. Now it's due, or it's too expensive. How to get out cleanly. Creditors are pressing A complete refinance: IRD, creditors and expensive debt, all into one When patching one debt at a time isn't working, clear the lot and start again on one structure.

The paperwork's behind

Late returns or no trading history? Property-secured lending starts somewhere else.

The paperwork's behind Business loans when you're behind on tax returns or have no recent financials No up-to-date accounts? For property-secured lending, that's where the conversation starts, not where it ends. The paperwork's behind Loans for new businesses with no trading history No accounts yet, so the bank has nothing to assess. Property security changes that.

Unusual security

Lifestyle blocks, land, commercial property and second mortgages the bank won't take.

Unusual security Business loans on unusual or complex security Lifestyle blocks, bare land, commercial buildings and second mortgages — security banks often won't touch.

Not sure which fits?

Most businesses we speak with have two or three of these going on at once: IRD arrears and a default, or a statutory demand and late accounts. That's normal. The complete refinance page covers dealing with everything together, and our before you sign section is worth reading if anyone has suggested liquidation or a formal restructure.