Frequently asked questions

Find answers to common questions about how Canterbury Business Finance can assist your New Zealand business with its finance needs. We aim to make the process clear and straightforward.

Your questions answered

At Canterbury Business Finance, we believe in transparent communication. Here are some of the most common questions New Zealand businesses ask us about securing finance and how our services work.

What does Canterbury Business Finance do?
Canterbury Business Finance is an independent finance brokerage that helps New Zealand businesses secure the right funding solutions. We work with a panel of trusted lenders to find finance that suits your business needs, saving you time and increasing your chances of approval.

What types of business finance can you arrange?
We can assist with a wide range of business funding, including: Business loans, asset and equipment finance, vehicle finance, working capital, invoice finance, commercial property finance, development finance, business acquisition finance, and refinancing existing debt.

Why should I use a finance broker instead of going directly to my bank?
Every lender has different lending criteria, pricing, and products. As a finance broker, we compare multiple lenders on your behalf, helping you find the most suitable finance solution while saving you the time and hassle of approaching each lender individually.

Can start-up businesses apply for finance?

Yes. While start-up lending can be more challenging than lending to established businesses, we work with lenders who offer finance for new businesses, particularly where there is a strong business plan, relevant industry experience, and a financial contribution from the owners.

How much can I borrow?

The amount you can borrow depends on factors such as your business income, profitability, assets, security available, and the purpose of the loan. During our initial discussion we'll assess your requirements and provide realistic funding options.

Can you refinance existing business loans?

Yes. We regularly help businesses refinance existing lending to reduce repayments, improve cash flow, consolidate debt, or secure better loan terms.

How do I get started?

Simply contact Canterbury Business Finance by phone, email, or through our online enquiry form. We'll arrange a confidential discussion to understand your business, your goals, and recommend the most suitable funding options.

Do you charge for your services?

In many cases our services are paid for by the lender, meaning there is no direct cost to you. If any fees apply for a particular transaction, we'll explain them clearly before any work begins.

How long does the finance application process take?

Timeframes vary depending on the lender and the complexity of the application. Some finance applications can receive approval within 24 to 48 hours, while larger or more complex transactions may take several days.

What information do I need to provide?

Most lenders will request information such as:

Recent financial statements
Bank statements
GST returns (if applicable)
Identification
Details of the asset or project being financed
Information about your business and its directors

We'll guide you through exactly what's required.

Do you only work with businesses in Canterbury?

No. While we're proudly based in Canterbury, we assist businesses throughout New Zealand using phone, email and online meetings.

Is there any obligation if I enquire?

No. Your initial consultation is completely obligation-free. We'll discuss your requirements, explain your options, and let you decide whether you'd like to proceed.

 

Can you help if my bank has declined my application?

Yes. A bank decline doesn't necessarily mean finance isn't available. Different lenders have different lending policies, and we may be able to identify alternative funding options that better suit your circumstances.

Ready to grow your business?

If you have more questions or are ready to explore finance options, contact Canterbury Business Finance today. We are here to help your New Zealand business thrive.