Line Capital business lending overview.

Line Capital offers unsecured term loans from $10,000 to $500,000 across terms up to 60 months, structured around weekly or fortnightly repayments tied to the business cash-flow shape. The product set is narrower than a registered bank: the lender concentrates on term lending rather than running asset finance, livestock, overdraft, or commercial mortgage facilities. Direct lender model rather than a broker placement.

The advertised band runs from $10,000 to $500,000. The upper end of the band typically requires around three years of trading and annual income near $700,000 before a full $500,000 facility lands on the table. Below those thresholds the facilities are smaller, and the indicative pricing typically lifts. Each application is assessed on its own merits and final amounts depend on the lender's assessment.

Line Capital does not advertise a single rate. Pricing is set after credit assessment and varies by facility band, term, and trading profile. Observed indicative bands across the unsecured non-bank NZ market in 2026 sit around 14% to 22% p.a. on the entry band and 10% to 15% p.a. on the upper band, reflecting partial GSA registration above $150K. Actual rates depend on the lender's assessment.

PG-only facilities under $150,000 commonly receive a decision within 1 to 3 business days subject to bank-statement review. Mid-band facilities ($150K to $500K) typically run 2 to 5 business days because of the partial General Security Agreement registration on the PPSR. Settlement and drawdown commonly add another 2 to 4 business days for AML/CFT identity verification and the direct-debit authority.

Up to $150,000 the structure is typically a director's personal guarantee only, with no GSA registered. Above $150,000 a partial General Security Agreement is registered on the Personal Property Securities Register (PPSR) alongside the personal guarantee. The accountant and commonly the solicitor are the right people to confirm how a partial GSA interacts with existing PPSR registrations and shareholder-loan structures.

Repayments are commonly set on a weekly or fortnightly cadence rather than a single month-end debit. The cadence is tuned at facility origination to the revenue rhythm of the borrower: hospitality and retail commonly choose weekly to track Friday-Saturday revenue; professional services and trades commonly choose fortnightly to align to invoice runs. Cadence is set in the facility deed at origination.

Line Capital operates as a NZ non-bank business lender, registered on the Financial Service Providers Register (FSPR) under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. The lender is subject to AML/CFT obligations under DIA supervision and FMC Act fair-dealing obligations. Business lending to non-natural-person borrowers commonly sits outside the CCCFA, but the position depends on the structure of any personal guarantor borrowing.

Finance interest paid on borrowing for business purposes is generally deductible against business income, subject to the accountant's confirmation on the specific position. Repayments themselves are not GST-liable on business term loans, although the underlying purchases the loan funds may be GST-claimable in the appropriate GST return where the business is GST-registered. The IRD GST and income-tax pages are the primary references and the accountant is the right person to confirm.

Line Capital sits between the major banks (typically lower rates, slower process, more documentation) and pure online unsecured lenders like Prospa or BizCap (faster process, smaller amounts, higher unsecured pricing). For an established SME wanting a single mid-band unsecured term loan with cash-flow-shaped repayments, Line Capital is widely considered competitive. For same-day funding under $50K on harder profiles, faster online lenders can sometimes turn around quicker.

A typical application attaches the NZBN registration, business owner ID, last 6 to 12 months of business bank statements (often via accounting-software or open-banking integration), recent GST returns, and director consent for credit check. Mid-band facilities ($150K and above) commonly add a P&L statement and cash-flow forecast, plus the partial General Security Agreement documentation registered on the PPSR before settlement.

Early repayment terms are set in the facility deed at origination; some non-bank lenders apply a break fee tied to remaining term, others allow flexible early repayment without penalty. The specifics depend on the deed signed at origination. Refinance to another lender is possible at any point, with the refinancing lender typically paying out the existing facility directly. The accountant is the right person to model the comparison.

On default, the first remedy is the personal guarantee held against directors. Above the $150K facility band, the partial General Security Agreement registered on the PPSR allows the lender to recover specific assets covered by the GSA. Persistent non-payment moves to formal default and credit-file marks under the Privacy Act information-sharing arrangements. Working with the lender early on a temporary cash-flow setback is widely the cleaner outcome for both sides.