MTF Finance business lending overview.

MTF Finance, formally Motor Trade Finance Limited, is a New Zealand-owned finance company headquartered in Dunedin and listed on the NZX. The business model runs through a national network of franchised originator offices and motor-vehicle dealers operating under the MTF Finance brand.

MTF Finance lends to NZ businesses primarily for vehicle and asset purchases (utes, vans, light trucks, trailers, equipment) and small-business loans for working capital, fit-out, or one-off business costs.

Common amounts range from around $5,000 on small-business loans up to around $150,000 on larger vehicle and asset finance applications. Larger amounts above $150,000 are sometimes supported on a stronger asset profile but are outside the typical product band.

MTF prices each application individually through the originating office. Vehicle and asset finance commonly prices 10% to 16% indicative; small-business loans run higher at 13% to 18% indicative.

MTF operates through a network of independently-operated franchised originator offices and participating motor-vehicle dealers across New Zealand. Applications run through the local originator who captures the borrower profile, manages the credit assessment, and presents the offer.

Standard vehicle and asset applications are commonly decisioned within 2 to 5 business days, with settlement typically within another 2 to 5 business days where the supplier is a participating dealer.

Standard application documents are NZBN registration, business owner ID, last 3 to 6 months of business bank statements, asset or supplier details where applicable, and director consent for credit checks.

Interest on a business loan from MTF Finance is generally deductible against business income where the loan is used for business purposes, subject to the accountant's confirmation.

Commercial property purchases and refinance are generally outside the core MTF product set. The lender focuses on vehicle, asset, and small-business loans.

Yes, MTF runs a refinance pathway for borrowers upgrading their vehicle at the 2 to 3-year mark. The new MTF facility settles the existing loan and finances the upgrade vehicle in a single arrangement.

On default, MTF's primary remedy on a vehicle or asset loan is recovery of the asset under the registered PPSR security interest. On unsecured small-business loans the personal guarantee is the recovery mechanism.

MTF typically offers a faster decision and a more flexible application path through the originator-and-dealer network. The trade-off is indicative pricing that sits above major-bank asset finance on like-for-like applications.