To be eligible to apply for a loan with us, you need to:

1. Be a New Zealand based business

2. Have revenues of $200,000 or more in the last 12 months

3. Have been trading for at least 18 months

4. Be a cash flow profitable business

To apply for a Line Capital Business Loan, simply complete our online application form, which will take no longer than 10 minutes. Click here to get started and we will be in touch to discuss your application, or you can call us on 09 886 7014 and we can guide you through the process.

As part of our Online Application, we will require you to complete some details about you and your company. You will also need to provide:

1. Last 2 years of Company Financials

2. We may require Year to Date Management Financials

3. A secure bank connection, which provides us a download of 12 month bank transactions

4. IRD Information

5. Identification (Drivers Licence, Passport etc)

6. For applications above $300,000, we will require your Accounts Payable and Receivable schedules (if applicable)

We aim to provide businesses outcomes within 1-2 working days. More complex cases may take longer to assess and gather appropriate documentation, however your application manager will keep you informed with the progress of your application at every step of the way.

Line Capital provides businesses anywhere from $10,000 to $500,000. The amount you can borrow depends on the business's cash flow performance and underlying ability to repay.

Our minimum loan duration is six months and maximum is 60 months, the loan term we can provide is subject to credit assessment. We have no early repayment fees (after a minimum loan duration of 30 days), which gives you the freedom to take advantage of lower repayments associated with a longer loan term, whilst covering your cash flow gap and then repay whenever you wish.

A Line Capital loan can be used for all business purposes including working capital, marketing, growth, inventory, equipment and asset purchases and business renovations.

The funds cannot be used for Property Development or personal purposes.

1. Our interest rates start from 16% and are risk-based-priced which means that your business is assessed for its deemed risk and we apply an associated interest rate accordingly. The interest rate is fixed for the term of the loan, so you will know exactly how much you'll need to repay and what the cost of borrowing is.

2. We charge an origination fee of 2.5%, which is only taken if you decide to go ahead with a Line Capital Business loan. The fee is deducted from the loan advance.

3. There are no other hidden fees or charges associated with a Line Capital Loan and you can repay the loan at any time after 30 days with no penalty - just request a settlement for the principal and interest to the repayment date.

We can provide repayment options of Weekly, Fortnightly or Monthly.
The repayment frequency may be restricted upon credit assessment.
All of our repayments are made via Direct Debit, which authority is given during our contract signing stage.

Line Capital is here to support your business's on-going cash flow requirements.
Typically we can reassess your business every 6 months for additional funding needs, however we can move this forward if there has been a material change in the business circumstances - for example, newly signed contracts, rapid increase in revenues would enable us to reassess our ability to lend.

The term Interest Rate will be familiar to you from any previous personal or business lending you have done and is the rate at which Interest is calculated against outstanding balances.
Line Capital is very transparent with their clients to ensure they know exactly what the rates, fees and costs are of borrowing and adopts using Interest Rates as a measure of understanding the cost of your loan.
You may come across Unsecured Lenders quoting in terms which differ from the real interest rate.
There is a notable difference in some of these terms:

1. Annual Simple Rate or 'ASR' - this rate is the total interest cost (sum of all interest payments over the loan term) over the Loan Amount and then divided by the Loan Term in years.

2. The ASR gives you an average cost per year of borrowing as a % of the Loan Amount, however in using this method of pricing, misrepresents the actual interest rate of the loan.

3. For example, a $100,000 loan over 3 years has a total interest cost of $51,230 or 51% of the loan amount. The interest rate on this loan is 30% and the Annual Simple Rate is 17%.

Once a loan facility has been fully approved, we give you 14 days to decide if you wish to draw the funds.
Should you not be ready to draw a loan, we can look to extend this or revisit the application at a later date with the requirement of an updated bank connection.

All of Line Capital's lending requires a Personal Guarantee from one or many of the Director's of the company. We place no charges or security against personal assets or property.
If your Business Loan or aggregated amount of borrowing is up to $150,000, the facility is unsecured.  If it is greater than $150,000, we take upfront security in the form of a General Security Charge against the business.
We may intact our ability to register a PPSR charge in all lending cases, if in the event the loan goes into a non-performing state.

Line Capital is a newly established Finance Company.
We have 15+ years of experience in the Working Capital space and strive to provide Better Access to Capital for New Zealand Businesses.

To access to Partner Portal, you first need to register to become a Partner of Line Capital.
We will then send you an email which contains your Partner Agreement for signing, the Agreement will also ask for other details we require to have you onboarded.
Once that Agreement has been completed, you will receive an email confirming your registration and also provide you with your logon. Should you need any assistance with this process, please reach out to the team on 09 886 7014.

First, log in to your Partner Portal head over to "Apply on Behalf" and then begin to complete the form.
Once you have completed as much as you can, you can then select "Hand over to Client". This will trigger an email sent to your client asking them to join the application process and complete any remaining areas required.
You can then check in on the progress of your application in your portal or by calling the Line Capital team on 09 886 7014

Not only will Partners of Line Capital earn commission on any new loan taken by an introduced client, we also will pay you should that client draw further funds at a later date.
Line Capital pays Partners commission for any client referred to them by way of introduction through yourself. Commission is earned when the client draws the funds with payment automatically paid out within five business days post drawing.
You will be notified when a client does draw down funds and you will also receive remittance when the payment is made.
There are no clawbacks to commissions earned even if a client repays their loan early.

To make our application process as easy as possible and to provide us the best data to make the best decisions, we've implemented a bank transaction and statement technology. The tool allows us to digitally verify that the bank account holder and number is in the name of the business applying for the loan and it gives us insight to the income and expenses.

‍Credit Sense
‍The system is provided to us by Credit Sense who are a third-party provider for this service and are used industry wide. You can find out more about them here: https://www.creditsense.co.nz/consumers/faqs/

‍Is this secure?
‍Security is vital to Line Capital's priority and we have conducted appropriate diligence with electing to use Credit Sense as a provider of this technology. In that sense Line Capital and Credit Sense are aligned with privacy and security.
Credit Sense is ISO 27001 certified by certification body Lloyds Register including all of our systems, assets, people and processes involved in supporting and maintaining our platform and its information security. Credit Sense and its data partners adhere to leading industry practices for security, regulatory compliance and privacy.
Your bank login credentials are not stored or shared with anyone (including Line Capital). For more information on security please visit: https://www.creditsense.co.nz/consumers/security/

‍Do I have to use this system?
‍If in the event you are not comfortable with using the automatic statement retrieval, you can instead upload 12 months worth of bank statements in PDF format (directly downloaded from your Online Banking platform and not scanned) for each business bank account you hold.
Please note, this may delay the turnaround times on your application given the additional work required to evaluate this data.