Fast business loans and second mortgages in New Zealand
Plenty of work. Still waiting on the money?
fundU is a New Zealand direct lender. We fund businesses from $20,000 to $1m against property — first or second mortgages, fast decisions made by us, and far less paperwork than the bank.
1st & 2nd mortgagesKeep your bank loan if you like.
$20,000 to $1mFor any genuine business purpose.
Fast fundingIn as little as 24 hours once approved.
Business finance built around you
You choose how you use it.
Every Kiwi business hits different pressure points. Pick the one that sounds like yours, then tell us the full story — the purpose, the property and the plan to repay. We'll tell you straight whether we can help.
Tax obligations
Clear IRD debt
Pay out GST, PAYE or income tax arrears in one hit and stop penalties and interest piling up.
Direct lenderfundU makes its own lending decisions — no panel, no middleman, no waiting on someone else's credit committee.
Less paperworkNo financials or tax returns for the initial assessment. We look at the property, the purpose and the plan.
Flexible structuresInterest-only, capitalised interest or principal and interest — shaped around your cash flow.
Fast fundingFunding in as little as 24 hours once approved, in some cases.
How it works
Three clear steps
No endless forms and no being passed around. You deal with the lender from the first call.
01 / 03
Tell us the story
A two-minute enquiry: what the money's for, roughly how much, the property available and how you'll repay. A lending specialist calls you back to talk it through.
02 / 03
We assess it directly
Our credit team looks at the whole picture — property, purpose, exit — and gives you a straight answer. Bad credit, IRD debt or a bank decline aren't automatic nos.
03 / 03
Get funded
Once approved, the lawyers do their bit and funds are released — in as little as 24 hours in some cases. No valuer to wait on. Then you get on with running the business.
Most owners who call us aren't short of work — they're short of time. An IRD letter, a supplier who wants paying, a bank that won't budge. Before you consider liquidation or selling assets cheaply, find out whether the equity you already have can fund your way through.
Every loan is priced on your individual circumstances.
Property-secured business lending
First mortgage or second — your call.
Use a first mortgage when the property is unencumbered or you'd rather refinance the existing lender out. Choose a second mortgage to keep your bank loan exactly as it is and borrow against the equity above it. Either way, you're dealing with the lender.
A Christchurch residential builder had two jobs finished but $180,000 tied up in retentions and a late progress payment, with GST and subcontractors due. A second mortgage behind the bank loan on the family home cleared the pressure within days, and the loan was repaid when the retentions were released.
An Auckland cafe owner had fallen behind on GST and PAYE after a slow winter and IRD had started enforcement. fundU paid out the arrears in one hit, secured on the owner's home, with capitalised interest so there were no monthly repayments while trade recovered.
A Tauranga transport operator was offered a two-year freight contract that needed two more trucks and extra working capital before the first invoice was paid. The bank wanted months. fundU lent against a commercial yard the owner already held, and the contract started on time.
fundU is a direct private lender for New Zealand businesses. We lend $20,000 to $1m for business purposes, secured against New Zealand property by first or second mortgage. We assess and approve loans ourselves — we're not a broker and we don't send your details to a panel of lenders.
Because fundU makes its own lending decisions, things move quickly. Many enquiries get an answer in principle on the first call, and funding can happen in as little as 24 hours once approved in some cases. fundU doesn't use valuers, so there's no valuation to wait on; the legal documents set the final timing.
Yes. fundU loans are secured against New Zealand real estate — your home, an investment property, commercial property or some land. The property can be owned by you, your company, your family trust or a supporting party such as a family member.
Yes. A fundU second mortgage sits behind your existing bank loan, so your bank loan, rate and repayments stay exactly as they are. It's often the fastest way to release equity for a business without starting a full bank application.
Often, yes. We regularly fund businesses to pay out IRD arrears, clear a statutory demand or move forward after a bank decline. Bad credit, defaults and arrears are considered case by case, because the property and a clear exit plan carry more weight with us.
Not for the initial assessment. We focus on the property, the purpose of the loan and how it will be repaid. Depending on the situation we may ask for bank statements, contracts, invoices or a letter from your accountant — far less paperwork than a typical bank application.
Not necessarily. Depending on the approved terms, fundU loans can be interest-only, have capitalised interest with no scheduled monthly repayments during the term, or be principal and interest. We'll structure it around your cash flow and your exit plan.
fundU lends from $20,000 to $1m. The amount depends on the value of the property, any existing lending against it, what the funds are for and how the loan will be repaid. Every loan is priced on your individual circumstances.
