Working capital when you need it most
Trusted by thousands since 1995
Understanding the exact cost of a business loan is crucial. Use our easy-to-use calculator that provides you with an accurate estimate, taking into account all fees typically involved. We believe in transparency, so you can make informed decisions about your finances.
You can apply to borrow $2000 - $100000
Interest rate 13.95% (comparison rate 13.95%)
$0.00
Weekly repayment
Estimate includes establishment fee of $195.00
Get a quoteWon't affect your credit score.
*This is an example of a common loan request and gives you an indication of what the monthly loan repayments will be. Your establishment fee may be different depending on the security used, complexity and the time taken to process your application. You may also optionally take payment protection insurance which would increase your total cost.
Trusted by thousands since 1995
"They approved my loan when others didn't. Really helped consolidate everything into one payment!"
Ana
"Professional, understanding staff. Fast and very efficient service."
Lynda
"Easy, quick, amiable & dependable. Been using them for years."
David
"Excellent support. Money was deposited quickly. Really great experience!"
WS
"Helped me celebrate my big day without financial stress."
Tuaine
"Very easy to deal with, flexible and highly reliable."
Malcolm
"Very good connection, fast services. Definitely coming back!"
Alexander
"Everything was simple. Great understanding from the team."
Peter
"They approved my loan when others didn't. Really helped consolidate everything into one payment!"
Ana
"Professional, understanding staff. Fast and very efficient service."
Lynda
"Easy, quick, amiable & dependable. Been using them for years."
David
"Excellent support. Money was deposited quickly. Really great experience!"
WS
"Helped me celebrate my big day without financial stress."
Tuaine
"Very easy to deal with, flexible and highly reliable."
Malcolm
"Very good connection, fast services. Definitely coming back!"
Alexander
"Everything was simple. Great understanding from the team."
Peter
"They approved my loan when others didn't. Really helped consolidate everything into one payment!"
Ana
"Professional, understanding staff. Fast and very efficient service."
Lynda
"Easy, quick, amiable & dependable. Been using them for years."
David
"Excellent support. Money was deposited quickly. Really great experience!"
WS
"Helped me celebrate my big day without financial stress."
Tuaine
"Very easy to deal with, flexible and highly reliable."
Malcolm
"Very good connection, fast services. Definitely coming back!"
Alexander
"Everything was simple. Great understanding from the team."
Peter
Business loans provide the much-needed financial flexibility to cover operational expenses, invest in growth initiatives, and seize opportunities without disrupting day-to-day cash flow.
With access to business loans, companies can secure capital to expand their operations, enter new markets, invest in technology, and hire skilled talent, ultimately propelling sustainable growth and market competitiveness.
Business loans assist in maintaining steady cash flow by bridging gaps between receivables and payables, ensuring businesses can meet their financial obligations, manage unexpected costs, and maintain operational stability.
Below is a list of benefits of getting a business loan:
One of the main risks for businesses these days is getting the wrong type of loan for the business. It is important to ensure the loan you take does not put your business under any undue financial strain.
For more information on things, you need to consider have a look at this website by the Ministry of Business, Innovation and employment www.business.govt.nz/getting-started/funding-your-business/borrowing-money/.
Depending on the finance company and the conditions of the loan it may be ok for you to take a loan over a long term for a short-term reason but you should settle the loan early when the funds become available.
Short-term loans are usually taken as you need funds until a large sale is finalised or a job you have been working on is completed.
Simon is working on a project which is going to take him a year to complete and get paid. He does not have enough money to cover the cost of completing the project without it impacting the rest of his business.
He has decided to borrow $50,000.00 to cover the cost of materials and staffing for this project. Once the project is completed he stands to receive a payment of $120,000.00 so this is of great benefit to him.
The decision has been made to borrow the funds in the short term and he has two options in front of him a short-term unsecured loan or a 5-year loan using his property as security:
| 12 Month Loan | 5 Year Loan | |
|---|---|---|
| Loan Amount | $50,000.00 | $50,000.00 |
| Establishment Fee | $1,250.00 | $1,250.00 |
| Caveat Fee | $0.00 | $315.00 |
| Interest Rate | 37% | 16.95% |
| Monthly Fee | $0.00 | $12.00 |
| Weekly Repayments | $1,184.83 | $295.43 |
| Early Settlement Fee | $0.00 | $75.00 |
| Final Settlement | $1,184.83 | $44,358.37 |
| Total Paid | $61,610.58 | $59,875.73 |
As you can see both loans give Simon access to the funds he requires however the 12-month loan comes at a higher interest rate and larger weekly repayments.
Using his property as security and taking the loan over 5 years means he can use the money he receives from his completed project to pay back the loan. He will also have the benefit of his weekly repayments being $889.40 less putting less strain on his cash flow and saving himself $1,734.85 in interest repayments
It is important you take the right loan for your business and these are some of the risks:
What you need to look at is the early exit fees from a long-term loan and compare these with the Interest rate you will be paying on a short-term loan. Our early settlement fee is $75 and may be worthwhile taking as the interest rate is likely to be lower.
You can apply for a business loan with Pioneer Finance if you are:
You do need to show that you have the affordability for the loan and that you are who you say you are. You can do this by providing the following:
Depending on the security offered for the loan we may require further information such as rates notice, mortgage statements or proof of purchase.
Depending on the security offered we will do checks with the following registers:
Don't worry if your credit check has a couple of bumps and bruises we may still be able to help you.
Business loans will have various fees attached, which may include:
Some of these fees will be charged to the loan upfront or are calculated in your weekly, fortnightly, or monthly installments. Other fees can be charged at the end of the loan term such as early settlement fees or if you used your property as security a caveat removal fee can be charged.
That's easy, from our office in Auckland - we cover the whole of New Zealand and a large part of our application process can be done via our website, e-mail, and telephone.
We offer a standard principal and interest term loan from 1 month to 7 years depending on the security offered.
Some of our shorter-term loans could be done as an interest-only loan and in certain circumstances, we could do a fully or partially capitalising loan.
Secured Business loans or Business Asset Finance means the business or the directors have offered some security to the finance company until the loan is repaid. Offering security can gain you better finance terms such as lower interest rates and longer terms. This makes lending to your business a lower-risk proposition and will give you a greater chance of having your loan approved.
An unsecured business loan means the finance company has not taken any security for the loan and makes this a higher risk proposition for them. What this means for you is usually a higher interest rate and a shorter term meaning the repayments will be higher. The reason for the shorter term is the risk to the finance company and they will try to get the funds they have lent back quickly.
We can use the following securities:
For some applicants, we may be able to help you with an unsecured loan.
The loan terms we are able to offer depending on the security offered. Below is a table detailing the terms we can offer:
| Security | Maximum term |
|---|---|
| Property | 7 Years |
| Motor Vehicles less than 10 years old | 4 Years |
| Motor vehicles older than 10 years | 3 Years |
| Motor vehicles older than 18 years | 2 Years |
| Boats & Jetskis | 3 Years |
Rather than having set fees & interest rates we prefer to work with ranges as not every application is the same.
* Complex loans may have a higher establishment fee
Get answers to our most common questions.
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