SmartLine provides $5,000 to $75,000 in funding for New Zealand businesses, with less extensive financial documentation requirements and decisions within 24 hours of receiving the information we need.
Whether you're purchasing stock, investing in equipment or managing working capital, SmartLine offers flexible repayment options and no property security requirement.
Flexible funding for everyday business needs
Business funding often comes down to timing. You might have an investment you've been planning, a purchase that needs to happen or an opportunity that's worth acting on.
SmartLine provides funding from $5,000 to $75,000, with repayment options that can be matched to how your business manages its cashflow.
Whether it's a planned investment or a more immediate requirement, the focus is on helping you move forward with the funding you need.
Purchase additional stock ahead of a busy period, replenish popular products or take advantage of a bulk purchasing opportunity.
Replace ageing equipment, purchase new tools or machinery, or invest in assets that help your business operate more efficiently and increase capacity.
Cover business expenses while waiting for customer payments, or manage the timing differences between outgoing costs and incoming revenue.
Upgrade technology, improve your premises, increase capacity or make other investments that support your business plans.
SmartLine is designed for New Zealand businesses with a trading history and sufficient cashflow to manage regular loan repayments.
SmartLine could be a good fit if:
✓✓✓✓✓Tell us a little about your business and what you're planning. We can help you understand whether SmartLine or another Line Capital funding option may be suitable.
When you're making decisions about your business, having funding options that work with your circumstances matters.
SmartLine offers funding from $5,000 to $75,000, with weekly, fortnightly or monthly repayments and loan terms of 6 to 36 months.
There's no requirement to provide property security, and no early repayment fees after the first month if you're in a position to repay sooner.
The application also requires less extensive financial documentation than FundingLine, with decisions generally provided within 24 hours once all the required information has been received.
It's a practical combination of funding options and flexibility, backed by Line Capital's considered approach to commercial lending.
We also want to understand how your business operates, what you're looking to fund and how that investment fits with your plans.
By considering the financial information alongside the wider business context, we can make responsible lending decisions that reflect your individual circumstances.
We consider your trading history, the nature of your business and how it's performing today.
We look at your financial information and banking activity to understand your cashflow and existing commitments.
We want to understand what you're looking to fund and how it fits with your business's operations or future plans.
We consider the amount requested and your ability to manage repayments when assessing an appropriate funding structure.
An action-sports equipment retailer had worked its way back into profit following a difficult trading year. With sales improving and another season approaching, the business needed additional stock to maintain that momentum.
The improvement in revenue and profitability was encouraging, but Line Capital also considered recent banking activity and the business's ability to manage the proposed repayments.
That broader assessment supported a $30,000 facility to purchase seasonal inventory.
A newly incorporated animal health products distributor had an opportunity to purchase approximately $160,000 in stock, with anticipated sales of around $400,000.
Line Capital considered the business’s trading activity, banking transactions, available security and supporting forecasts, and approved a $50,000 facility to help complete the stock purchase and support working capital until the inventory was sold.
A recently established hospitality business wanted to replace expensive short-term finance while retaining access to working capital for its next stage of growth.
Despite its limited trading history, the business had generated revenue and operating profitability. Line Capital considered its financial performance and repayment capacity, approving a $40,000 revolving credit facility to refinance the existing debt and provide ongoing access to funds as needed.
SmartLine's documentation requirements are designed around smaller business lending amounts.
To help us assess your application, we'll generally need the following information.
Details about your business, its ownership and the purpose of the funding.
Your latest finalised financial statements. If they're more than six months old, current management accounts may also be required. Alternatively, the previous 12 months' profit and loss statements and balance sheets may be accepted.
The previous 12 months of business bank transactions.
A screenshot of your business's IRD homepage.
A repayment schedule showing your current borrowing commitments.
Depending on your circumstances, we may ask for additional information. We'll let you know what's needed as we work through your application.
Complete the online application with details about your business, how much you'd like to borrow and what you're planning to use the funds for.
We'll ask for the financial and banking information needed to understand your current trading position.
Once we've received everything required, we aim to provide a lending decision within 24 hours.
If approved, you'll receive an offer outlining the loan amount, interest rate, repayments and terms.
Once you've accepted the offer, completed the documentation and met any conditions, the funds can be made available.
SmartLine can support a range of business requirements, including stock purchases, equipment and machinery, working capital and investments in business operations.
SmartLine provides funding from $5,000 to $75,000. The amount available depends on your business's financial position, the purpose of the funding and our lending assessment.
SmartLine loan terms range from 6 to 36 months. You can repay your loan sooner, with no early repayment fees after the first month.
We aim to provide a decision within 24 hours once we've received all the information required to assess your application.
No. SmartLine doesn't require property security. Other forms of security or guarantees may apply depending on the facility and your circumstances.
You can choose weekly, fortnightly or monthly repayments, subject to your loan agreement.
Yes. SmartLine has no early repayment fees after the first month. You'll still need to repay the outstanding balance, accrued interest and any other amounts owing under your loan agreement.
You may be eligible for further funding as your business needs change. Any additional lending will depend on a new assessment of your circumstances and Line Capital's lending criteria.
Whether it's new equipment, additional stock or an investment you've been planning, we're happy to talk through what you're looking to do and whether SmartLine could be a suitable funding option.
The information on this page is general in nature and does not take into account the specific circumstances of your business. Any lending is subject to Line Capital's lending criteria, assessment and applicable terms and conditions.
* Decision timeframe applies once all required information has been received.
