Frequently asked questions.
Business loan requirements vary by lender and application. SimplyFunded looks at your trading history, revenue, funding purpose and affordability when reviewing an application.
What does a New Zealand business need to qualify for Simply Funded finance?+
Simply Funded generally considers a New Zealand business's time trading, revenue, recent business activity, funding purpose and whether the proposed repayments fit its cash flow.
How does Simply Funded set interest rates for New Zealand business finance?+
Simply Funded sets rates and repayment terms based on the application, business performance, requested amount, affordability and overall assessment.
What happens after a New Zealand business submits a Simply Funded application?+
Simply Funded reviews the business details, recent trading information, funding purpose and requested amount before explaining the relevant next step and any offer clearly.
How much trading history does Simply Funded look for from a New Zealand business?+
Simply Funded looks at a New Zealand business's recent trading history as part of the overall assessment, alongside revenue, funding purpose and affordability.
What documents might Simply Funded request from a New Zealand business?+
Simply Funded may request business details, recent trading information, revenue information, the requested funding amount and an explanation of how the funds will be used.
Can Simply Funded fund an approved New Zealand business finance application quickly?+
Some approved Simply Funded applications can be funded within 24 hours once the information needed for assessment is available and the application has been approved.
Is Simply Funded finance available for business purposes only in New Zealand?+
Yes. Simply Funded provides commercial finance for New Zealand businesses, and funding is intended for business purposes rather than personal consumer spending.