Applying for a business loan can be stressful and time-consuming, especially when dealing with traditional lenders. Such lenders, like banks, typically require a long list of documents, leaving business owners without the funds they need for weeks. Research shows that uncertainty and delayed funding are the leading factors driving small and medium-sized enterprises away from borrowing funds from banks.

By contrast, Bizcap’s application process is quick and easy, enabling funds to reach business bank accounts in as little as 24 hours.

The paperwork required to obtain a Bizcap business loan is minimal, but there are a few key documents and details you’ll need.

Traditional Lenders:

Before we get to what you’ll need for a Bizcap business loan application, it's worth being aware of the documents requested by traditional lenders during the application process. These can include:

  • Financial statements (balance sheet, income statement and cash flow statement)
  • Tax returns, business activity statements (BAS) and statements from the Inland Revenue Department (IRD)
  • Individual tax returns of the company directors and shareholders, and an IRD notice of assessment
  • Proof of income from earnings outside the business, for company owners
  • Details of your personal income, the business’ income, your savings, existing loans and credit cards
  • Identification documents (e.g. drivers license or passport) and the company registration details or partnership agreement.
  • Startups may also need to provide cash flow projections, business plan, lease agreement and business contract of sale.

It can be time consuming gathering all the necessary documents and time is money. We understand that when small business owners need a cash injection, they need the funds as soon as possible. That’s why we do things differently at Bizcap.

The Bizcap Approach:

Applying for a business loan with Bizcap couldn’t be easier!. All you have to do is fill out an online application form that takes less than five minutes to complete and, being a low-doc lender, the only document we ask for before making you a conditional offer is

  • Your business bank statements

Best of all, we can make the initial offer without running a credit check, which avoids denting your score (as credit ratings can decline with every inquiry).

Online Application:

Before applying for a Bizcap loan, ensure your business meets our minimum eligibility criteria:

  • An active NZBN
  • At least 4 months of trading
  • A minimum monthly revenue of $12,000

If your business ticks all three boxes you can fill out the online application form with your business name and monthly revenue, the size of the loan you’re after and your contact details. Once you’ve filled out the online application form, you’ll be taken to illion (otherwise known as Proviso) to upload your bank statements.

Your security is important to us, which is why we use illion, one of the largest credit reporting agencies in Australia. The illion site is a fully encrypted, secure platform used by PayPal, Afterpay and other major lenders. It provides us with view-only access to your bank statements, which allows us to make you the best offer we can –  without running credit. If eligible, you can expect to receive an initial offer from Bizcap in as little as 3 hours.

Once you’ve accepted our offer, we’ll ask for your drivers license (or another form of identification) and a trust deed, if applicable. That's how easy it is!

Other Documents:

Once you’ve decided that you’d like to accept our loan offer, we may ask additional questions or require additional documents. These could include your business profit and loss statement, balance sheet,  accounts receivable and payable and some documents from your IRD portal (income tax account, integrated client account and your most recent tax return).

In cases where you’re putting a property as security against the loan, we’ll ask for further documentation, such as a mortgage statement, rates notice and latest property valuation (if available).


It is only once you’re happy with the loan terms and wish to proceed that we run a credit report to make you an unconditional offer. Funds are often issued that same day.

The contrast between the long list of documents required by traditional lenders and Bizcap’s streamlined approach highlights the evolution in business financing. With Bizcap, the hassle of gathering numerous documents is replaced by a straightforward online application that prioritises efficiency and speed. This makes applying for a business loan easy, and gives your business fast access to the funds it needs to plug cash flow or fuel its growth.

If you’d like to find out what kind of business loan you’re eligible for, apply now.