Funding Solutions
Funding to Start Your Business
When the business is new, but the way it's repaid doesn't have to be a guess
You're starting a new business, and it doesn't have trading history as a company yet. That's not necessarily a barrier, since Flexy looks at how the loan will actually be repaid, whether that's an existing business you already run, another income source, or the structure of the deal itself, rather than requiring financials for a venture that hasn't opened yet.
Up to $150,000
Offers within 24 hours
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How Flexy helps
We lend against the equity in a property you already hold, without disturbing your existing bank mortgage. A new business without trading history as a company yet isn't necessarily a barrier, since we look at how the repayment is actually covered, which can come from a number of places depending on your situation.
Your repayment plan is confirmed as part of the application, based on what genuinely supports it in your case.
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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
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Why it worked, one example: A grooming business, funded to get started
The situation
A pet grooming business had been operating for a year from the owner's residential property under a sole trader structure, and was formalising into a company. The new company had no trading history of its own.
What we did
We funded $28,800 against the equity in the property, to purchase grooming equipment, pet toys and other products needed to operate and expand the business under the new structure.
The outcome
The business continues to operate and expand under the new company structure, servicing the loan from its ongoing income.
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
Can I get funding for a business with no trading history as a company?
What can this funding be used for?
How is this loan repaid while the business gets established?
Does my bank need to know about this loan?
What happens if the business doesn't get established as planned?
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?
You're starting a new business, and it has no trading history as a company yet
You have another source of income, or an existing business, that can support the repayment while it gets established
The bank wants financials and a business plan specific to the new venture
You need funds for equipment, stock or products to get started or expand
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
