Bizzy is a NZ business loan marketplace that brokers a single application out to a 15+ lender panel and returns multiple indicative quotes within 48 hours. Bizzy is not a lender; the panel members write the credit. What it does, how the soft-inquiry quote stage works, panel composition, and where it fits.
Indicative repayment
Weekly
$946/week
Indicative only. Not a quote or offer of credit. Actual rates, fees, and repayments depend on the business profile and the lender's decision.
Sending to Prospa
3 years at 14.00%. Prospa will ask a few quick questions, then provide a firm quote and funding if eligible.
Redirecting…
Indicative only. Why we say this
Quick answer
Marketplace overview
Bizzy is a New Zealand-based business loan marketplace headquartered in Auckland, operating a single-application referral model across a panel of 15-plus NZ business lenders. The marketplace itself does not write loans, hold a banking licence, or assume credit risk. The panel members (which include alternative SME lenders, asset financiers, and invoice finance specialists) make the credit decision and contract directly with the borrower.
Most panel lenders write between $5,000 and $2,000,000 across unsecured working-capital, asset finance, invoice finance, and commercial term loans. The marketplace funnels a single online application out to relevant panel members based on the loan purpose, amount, trading history, and turnover, and returns indicative quotes typically within 48 hours.
For SMEs that would otherwise apply to three or four lenders separately (each running its own credit pull and document request), the marketplace mechanic compresses the process into a single submission. The trade-off is that Bizzy is one referral path among several in NZ, and the panel composition (which lenders are on it, and on what terms) is set by Bizzy commercially rather than by an independent ranking.
Panel size
15+ NZ lenders
Quote window
Within 48 hours
Typical range
$5K to $2M
Borrower cost
Free
How the marketplace works
The marketplace produces quotes by routing a single application to multiple panel members in parallel. The four mechanics below describe what borrowers commonly experience at each stage.
The application captures NZBN, loan amount, purpose, monthly turnover, trading history, and director details. The form is designed to gather what most panel lenders need to produce an indicative quote without a full underwriting pack.
At the quote stage, Bizzy and panel members commonly run a soft credit inquiry against the directors. Soft inquiries do not register a hard footprint on the credit file visible to subsequent lenders, which keeps the borrower's position intact for shopping.
Panel members that have appetite for the profile return indicative quotes typically within 48 hours. Quotes show indicative rate band, fees, term options, and any conditions. Borrowers see the quotes side-by-side rather than chasing each lender separately.
On selecting a quote, the application moves to the panel member's own underwriting and contract process. The loan contract is between the borrower and the panel lender, not Bizzy. Hard credit inquiry, full documentation, and settlement happen with the chosen lender.
Indicative pricing
Bizzy itself does not set rates; the panel member does. The bands below reflect observed indicative ranges across NZ alternative-lender and asset-finance panels in 2026, not guaranteed pricing.
| Loan type | Indicative rate band | Common term | Typical security |
|---|---|---|---|
| Unsecured working capital | 12% to 26% p.a. | 6 to 36 months | Director PG |
| Asset finance via panel | 9% to 16% p.a. | 12 to 60 months | Asset (chattel mortgage) |
| Invoice finance | 1.5% to 4% per invoice | Per-invoice cycle | Receivables |
| Secured term loan | 8% to 14% p.a. | 12 to 60 months | Property or asset |
| Short-term cash advance | 20% to 36% p.a. equivalent | 3 to 12 months | PG, often factor-style |
Indicative bands only. Actual rate is set by the panel lender after credit assessment. Bands drawn from observable NZ alternative-lender market positioning, April 2026.
How it works
A marketplace application differs from a direct-lender application in two ways: the form is designed to fit multiple panel members at once, and the borrower receives competing quotes before any hard credit inquiry runs.
01
Day 0, 10-15 mins
The borrower completes a single online form covering NZBN, loan purpose, amount, trading history, monthly turnover, and director details. The form is sized to what panel lenders need for an indicative quote, not a full underwriting pack.
Documents commonly required
02
Day 0 to 1
Bizzy and panel members run a soft credit inquiry against the directors and route the application to lenders whose appetite matches the profile. Soft inquiries do not leave a hard footprint visible to subsequent lenders.
Documents commonly required
03
Day 1 to 2
Panel members with appetite return indicative quotes typically within 48 hours. Each quote shows the indicative rate band, fees, term options, and conditions. The borrower compares quotes side-by-side and selects.
04
Day 2 to 14
On selection, the application moves to the chosen panel lender's own underwriting. A hard credit inquiry is registered, full documentation is requested, and the loan contract is signed directly with the lender. Bizzy's involvement ends at the introduction.
Documents commonly required
Borrowers commonly note that the marketplace mechanic preserves the option to walk away from every quote without a hard credit footprint. The hard inquiry runs only on the panel lender chosen at acceptance.
Worked scenarios
Anonymised scenarios illustrating where the single-application, multiple-quote model commonly fits.
Transport and logistics
A Hamilton-based freight operator, 4 years trading, $90K monthly turnover, looking for $150K of working capital to bridge a 60-day customer payment cycle on a new contract.
Marketplace submission returned three indicative quotes within 36 hours: an unsecured working-capital line at indicative 17%, a secured asset-finance refinance at indicative 11%, and an invoice-finance facility priced per-invoice. The operator chose the asset-finance refinance for the lower rate; hard inquiry ran only at that point.
Indicative figures
Hospitality
A Cuba Street cafe operator, 18 months trading, $45K monthly turnover, needing $80K for a kitchen refit and front-of-house refurbishment.
Marketplace submission produced two indicative quotes: an asset-finance package at indicative 13% (chattel mortgage on the equipment) and an unsecured Open-for-Business style loan at indicative 19%. The operator chose the asset-finance structure for the rate and the GST treatment, with the accountant's confirmation on the upfront GST claim.
Indicative figures
Compared to alternatives
A marketplace, a direct-lender application, and an editorial comparison site solve different problems. The matrix below shows the practical trade-offs.
| Feature | Bizzy (marketplace) | Direct to single lender | Editorial comparison site |
|---|---|---|---|
| Number of applications | One, fans out to panel | One per lender | None; reader applies after research |
| Credit inquiry at quote stage | Soft, no hard footprint | Varies; commonly hard | None |
| Quote turnaround | Within 48 hours typical | Same day to 7 days | No quote, education only |
| Panel breadth | 15+ NZ lenders on Bizzy panel | One lender | Editorial coverage of many |
| Who holds the contract | Panel lender, not Bizzy | The lender directly | Whichever lender the reader applies to |
| Borrower cost | Free at borrower | Free at borrower | Free at borrower |
| Editorial independence | Panel set commercially by Bizzy | N/A (one product) | Editorial coverage independent of panel |
Where it fits
Industry appetite
Panel appetite varies by lender. The categories below reflect observable patterns across alternative-lender panels of this type, not formal underwriting criteria from any one panel member.
A core panel-lender segment. Working capital and asset finance for vehicles, plant, and tools are funded across multiple panel members.
Asset finance for trucks, trailers, and vans is widely available across the panel. Working capital for 60-day customer terms is a common purpose.
Cafes, restaurants, and bars are commonly funded for fit-out and equipment. Trading history of 12+ months opens broader appetite.
Stock builds, shop-fit, and seasonal working capital are routinely funded. Inventory-secured structures are sometimes available via panel specialists.
Working capital and equipment finance for consulting, IT, and creative agencies. Cash-flow-style facilities are common.
Equipment finance and practice working capital. Specialist healthcare lenders sometimes participate via the panel.
Editorial-only disclosure
Businessloans.org.nz is not affiliated with Bizzy, has no commercial relationship with Bizzy as at the last reviewed date, and earns no referral revenue from links to Bizzy's website. The lender shortlist for our calculator referral path is Prospa (disclosed at /partner/). All other lender and marketplace pages including this one are independent editorial coverage. Bizzy is a marketplace, not a lender; final rates, fees, and approval decisions are made by the panel lender that writes the loan, after assessment.
References
Primary marketplace overview, panel mechanic, and borrower process reference.
NZ register of financial service providers; marketplaces arranging credit referrals are commonly recorded here.
FMC Act 2013 Part 2 fair-dealing framework that applies to financial-services representations including marketplace claims.
AML/CFT Act 2009 obligations relevant to financial intermediaries facilitating credit referrals.
CCCFA framework applicable where any panel borrowing is wholly or predominantly for personal use.
Soft-inquiry vs hard-inquiry credit-reporting framework under the Credit Reporting Privacy Code.
FAQ
Bizzy is a marketplace, not a lender. The platform takes a single application and brokers it out to a panel of NZ business lenders for indicative quotes. The credit decision and the loan contract sit with whichever panel member writes the deal. Bizzy does not assume credit risk, hold a banking licence, or set the indicative rates the panel members quote.
Bizzy publishes a panel of 15 or more NZ business lenders, spanning alternative SME lenders, asset financiers, and invoice finance specialists. Panel composition changes over time as lenders join or exit. The marketplace routes each application to the subset of panel members whose appetite matches the loan purpose, amount, trading history, and turnover.
At the indicative-quote stage, Bizzy and panel members commonly run a soft credit inquiry, which does not leave a hard footprint visible to other lenders. A hard inquiry registers only when the borrower accepts a quote and moves into the chosen panel member's underwriting. The soft-inquiry vs hard-inquiry distinction is set out by the Privacy Commissioner's Credit Reporting Privacy Code.
Indicative quotes from panel members typically return within 48 hours of submission, often sooner on standard profiles. The window depends on which panel members have appetite, the loan amount, and the day of submission. Acceptance, hard credit inquiry, full documentation, and settlement run on the chosen lender's own timeline, which is commonly 2 to 14 business days.
Most panel lenders write between $5,000 and $2,000,000 across unsecured working-capital, asset finance, invoice finance, and commercial term loans. Smaller short-term cash advances start lower, and some secured panel members write higher on commercial-property-backed lending. The actual amount available depends on the panel member's assessment of the borrower's position.
The marketplace itself is free for borrowers. Bizzy is paid by the panel lender that writes the loan, typically as a referral or origination commission. Indicative rates and fees quoted by panel members are inclusive of any referral economics; the borrower does not pay a separate marketplace fee. The total cost of credit is set by the chosen panel lender, not Bizzy.
A marketplace referral is not personalised financial advice. Bizzy and the underlying panel members operate under the FMC Act 2013 fair-dealing framework, which prohibits misleading or unsubstantiated representations. Class information about loan products is permitted; personalised recommendations require a Financial Advice Provider licence held by the relevant party. Borrowers wanting personalised advice are commonly directed to a licensed adviser.
Marketplaces facilitating credit referrals in NZ commonly sit on the Financial Service Providers Register (FSPR) under the Financial Service Providers (Registration and Dispute Resolution) Act 2008, and inside the AML/CFT Act 2009 framework administered by the Department of Internal Affairs. Bizzy's representations about products and rates are also subject to FMC Act 2013 Part 2 fair-dealing obligations enforced by the FMA.
A direct-lender application produces a single quote from a single underwriter, typically with a hard credit inquiry. A marketplace submission produces multiple indicative quotes from competing panel members in parallel, commonly on a soft credit inquiry. The trade-off is that a direct application can be deeper on a specialist product (livestock, large commercial mortgages, structured trade finance), while a marketplace is broader on common SME purposes.
Indicative quotes are not guaranteed offers. Each quote is subject to the panel lender's own credit assessment at the acceptance stage, which includes a hard credit inquiry, full documentation review, and final pricing. The indicative band shown at the marketplace stage is the panel member's working estimate; the firm offer is set after underwriting. Borrowers commonly treat the quote as a working number, not a contract.
Standard marketplace application documents are NZBN registration, director ID, the loan amount and purpose, monthly turnover, trading history, and director consent for a soft credit inquiry. Some panel members request 6 months of business bank statements (often via accounting software integration) before producing an indicative quote. Full documentation, P&L, and security details are requested by the chosen panel lender at acceptance, not at the marketplace stage.
Yes. Because the indicative-quote stage runs on a soft credit inquiry, declining every quote does not leave a hard footprint on the directors' credit files. The borrower can return to the marketplace later or apply directly to a different lender without the soft inquiries showing on subsequent hard-inquiry credit reports. The Credit Reporting Privacy Code distinguishes soft from hard inquiries on this basis.
Related
Prospa
A direct alternative-lender alternative to a marketplace submission, with a single underwriter and a fast online process.
Read onHeartland Bank
A registered NZ bank with online unsecured Open for Business product, often compared against alternative-lender panel quotes.
Read onNZ business loan rates 2026
How alternative-lender panel pricing typically sits against major-bank and specialist-lender bands.
Read onUnsecured business loans
The product family most commonly written by alternative-lender panels of this type.
Read onWorking capital
A common purpose driving NZ businesses to compare multiple lenders via a marketplace mechanic.
Read onDisclaimer
A business loan is a commitment that runs for months or years, and repayments come out of the same operating cash flow as everything else. Before committing, it is worth modelling the weekly and monthly cost against the business's working-capital position, which is what this site is built to help with. Borrowing at a level that stays comfortable through a quiet quarter, not just a strong one, is widely regarded as the safer frame.
What this site is
A calculator and information tool. Not a lender, not a broker, not a registered financial adviser. Nothing here is personalised financial advice.
What the figures show
Modelled estimates based on the inputs you enter. Not a quote. Not an offer of credit. Not a guarantee of approval, rate, or fees.
What the lender decides
Final rates, fees, and approval are set by the lender after a CCCFA-appropriate assessment of the applicant's circumstances and credit decision.
Commercial disclosure
Businessloans.org.nz earns a commission from Prospa when a visitor applies through this site and their application is approved. The commission is paid by Prospa, not by the borrower, and it does not influence the rate Prospa offers. Full disclosure on the partner page.
Tax, GST, and accountant framing
Tax-treatment statements (GST claim timing, interest deductibility, depreciation rates) are general in nature and subject to your accountant's confirmation on the specific business position. For material amounts, professional advice from a registered financial adviser or chartered accountant is widely regarded as the safer frame.
