Funding Solutions
Business Equipment Finance When Your Bank Wants Trading History
Buy the truck, machine or fit-out now, not once you've proven it
Your business is already trading, and you know the new equipment pays for itself. Banks generally want to see a year or two of trading history on a new asset before they'll lend against it. Flexy lends against the equity you already hold in your property instead, so the money's there when the opportunity is.
Up to $150,000
Offers within 24 hours
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How Flexy helps
We lend against the equity in the property your company or trust already owns, without disturbing your existing bank mortgage. Because we assess your equity and the business's ability to repay rather than how long the new asset has been trading, we can usually move faster than the bank's process allows.
For equipment and expansion purchases, your repayment plan is usually straightforward: what the new asset already lets the business earn, week to week.
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Which Flexy loan is right for you?
Both loans release the equity in your property. The difference is how you repay. Pick the one that matches your cash flow and your exit.
Product
2-Year P&I Equity Release
Borrow up to $50,000 against your property equity and repay it steadily through regular principal and interest payments over up to 24 months. Your balance reduces with every repayment and your bank loan stays in place.
Eligibility criteria: You will need sufficient cash flow to support regular repayments to qualify.
Term: Up to 24 months
Repayments: Principal and interest
Principal: Repaid progressively
Product
Short-Term Equity Release
Borrow up to $150,000 against your property equity for 3 to 12 months, with interest-only repayments and the principal repaid as a lump sum at the end. Your bank loan stays in place, no refinancing required.
Eligibility criteria: You will need a suitable lump-sum repayment plan is required to qualify
Term: 3-12 months
Repayments: Interest only
Principal: Repaid at end of term
Why it worked: A second truck, funded before the bank could catch up
The situation
An established food truck business was trading well and had lined up a second truck to double up at weekends. The bank wanted trading history on the new unit before it would lend.
What we did
We funded $49,000 against the equity in the client's property, secured behind their existing bank mortgage, with an offer issued within 24 hours.
The outcome
The second truck was trading within weeks. The business is servicing the loan out of what it brings in.
How Flexy lending works
01
Apply online in minutes
Provide your property address, the amount you need, the purpose of the funds and your repayment plan.
02
Fast assessment
Flexy reviews your available equity, LVR and ability to service the loan. Once we have a complete application, we aim to issue a loan offer within 24 hours.
03
Receive your funds
Accept the offer, complete the remaining requirements through your online portal, and Flexy arranges settlement. Caveat loans can fund within days. Repeat clients can be funded same day.
Related purposes
Read about the other purposes Flexy can fund, and find the right option for your situation. Flexy offers two pathways, depending on your exit strategy: a short-term loan with a lump-sum repayment, or a 2-year option you repay gradually as you go.
Instant estimate
How much can I borrow?
See what your property equity could unlock. Enter a few details for a free, instant estimate, with no obligation and no effect on your existing bank mortgage. It takes about a minute.
Flexy is a direct lender, so you deal with the decision-makers directly. Your existing bank loan stays in place, no refinancing required. No tax returns or profit and loss statements to gather, and loan offers are issued within 24 hours of a complete application.
Frequently asked questions
Do I need trading history on the new asset before I apply?
Can I get funding if my bank has already said no?
Do I need my bank's permission to borrow against my property equity?
How much can I borrow to buy equipment or expand my business?
Prefer to talk it through?
Call 021 294 8742 or email hello@flexy.co.nz
Lending is subject to approval. Loans are available to New Zealand companies and trusts for business or investment purposes only. Interest rates, fees and lending criteria may change without notice. Flexy Limited, FSP1006845. Terms and conditions apply.
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Is this your situation?
Your business is trading well, but the bank wants history on the new asset before it'll lend
You've found the truck, machine or fit-out you need and don't want to lose it waiting on a bank process
There's equity in your property and the business can cover a weekly payment
You already have one unit, shop or vehicle working, and this is about adding a second
You'd rather not touch your existing bank mortgage to get there
If any of these sound familiar, we can usually give you an answer within 24 hours.
What situations we help with
