Working capital loans

Manage your cash flow with a working capital loan.

  • Unsecured facility up to $100,000
  • Partially secured facility up to $250,000
  • Apply in minutes, get a decision in seconds

Get started with our 3 minute application

You can apply for a business loan up to $100,000 without using your home or other asset as security. Or you can apply for a partially secured business loan up to $250,000.

I would like to borrow:

Minimum loan amount is $10,000

To help me:

Please select loan purpose

What is a working capital loan?

A working capital loan is business funding that can be used for a variety of purposes. Common purposes include covering day-to-day operational costs, unexpected expenses or seasonal downturns that most businesses face. Most importantly it is funding designed to give your business the breathing room it needs to grow.

What can a working capital loan be used for?

  • Employ additional resources
  • Purchase inventory
  • Cover payroll
  • Day to day operational costs
  • Marketing
  • Unexpected expenses
  • Employ additional resources
  • Day to day operational costs
  • Purchase inventory
  • Marketing
  • Cover payroll
  • Unexpected expenses

Kerry's thoughts on
Open for Business.

"I would highly recommend the product to small business owners who need that extra capital to invest in their business' success."

Kerry Bradburn
Wild Poppies
Open for Business customer


We’re happy to be your other bank

When you get a working capital loan from Heartland, you don’t have to move the rest of your banking across. We’re happy for you to stay with your main bank for all your transactional banking needs.

1,000

businesses funded, and counting

$ 25 million

made available to small businesses

25 years

experience managing Kiwis' money


Get started with our 3 minute application.

You can apply for a business loan up to $100,000 without using your home or other asset as security. Or you can apply for a partially secured business loan up to $250,000.

I would like to borrow:

Minimum loan amount is $10,000

To help me:

Please select loan purpose

Questions? We have answers

Interest rates vary between 10% to 16.5% (p.a.) depending on a range of factors. Once you have completed the online application our lending specialists will discuss interest rates and repayments with you.

1. In general we will request business financials (if available) and 3 months of business bank statements.

2. We need to be able to establish a debt servicing position and interest rates vary from 9.5% to 16% (p.a.) depending on your credit score and the serviceability of the loan.

Unsecured loans have a max term of 60 months. However this is dependent on meeting our lending criteria. Secured loans have a max term of 5 years but can go up to 7 years in certain circumstances.
We usually require a copy of the business financial statements to assess a loan application. If the application is successful we will require some additional supporting information such as identification.
The minimum business loan application is $10,000. There is no maximum; however we will require additional information for any loan above $100,000.
We have to show that the application is affordable and that the business can make the repayments for the loan you are applying for. If you are purchasing a business we will look into the business performance as well as any external income you or any guarantors may be earning.
The rate is dependent on (1) the credit score of the borrower and any guarantors, (2) servicing position of the loan, (3) the purpose of the loan (e.g. working capital or an asset purchase).
Of course! Though it’s worth noting that if you are starting a business we will request a business plan, cash flow projections and 3 months of personal bank statements.
Every start-up will have unique requirements which means we need to take into account the different circumstances of every application. Please give us a call to discuss your loan as you won’t be able to get an automated decision.
Yes you can, just complete our online application and our business lending specialist will get in touch with you to discuss your best options.
If you are purchasing a new start-up franchise, we will in most cases require external income from your either yourself or a guarantor. If you are taking over an existing franchise then we will assess the financials of the business that you are buying. If you can show the repayments are affordable based on the current financials of the business then we may not require external income.
Send an email with your account name and the period you would like the loan statement for to [email protected]
Once your application is approved, we need to verify the information you provided and conduct any additional credit checks that may be required. We’ll talk to you about the loan terms and rate, the loan funds will then be paid to your nominated bank account.
The online application takes around 3 minutes to complete.

Prefer to talk directly to one of our business specialists?

Chat with Heartland

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with one of our team

Lending criteria, terms, conditions and fees apply.