Quick summary
This guide sets out practical steps to help you identify, compare and qualify for business finance in New Zealand. It is general information, not financial advice.
1. Plan Your Deposit and Loan-to-Value
Commercial property usually needs a bigger deposit than residential. The lender works from its own valuation, not the price you agreed, and lends a proportion of that value. Have your deposit, plus legal fees, the valuation cost and any GST question on the purchase settled with your accountant, ready before you commit.
2. Check the Lease
If you are buying an investment property, lenders look closely at the lease: the rent, the length remaining, break clauses, the strength of the tenant, and how long the property has been empty in the past. A strong lease makes the loan easier to place. If you are buying to occupy, they will look at your own business accounts instead.
3. Allow Time for the Legal Work
Commercial purchases involve due diligence: a LIM report, building inspection, title checks, the valuation, and in some cases environmental reports. This takes longer than buying a house. Talk to your lawyer early about a realistic timetable and agree due diligence and settlement dates with the seller before the agreement goes unconditional.
How we work
- No credit check is run to show you indicative options.
- Rates and terms are set by the lender, not by Bizzloans.
- We are a commercial finance broker, not a lender.
- Your information is handled under the NZ Privacy Act 2020.
