Bizzy

If you are planning to apply for funding in the coming months, understanding your current credit score and taking steps to improve it before you apply is one of the most practical things you can do to put yourself in the best position.

How to improve your business credit score in NZ:
1. Make sure to pay on time - whether it's supplier invoices, loan repayments or tax installments
2. Stay current with Inland Revenue obligations
3. Limit credit applications in a short period
4. Check your credit file is accurate
5. Keep directory and company information current
6. Monitory your sectors credit health

Learn more about your Business Credit Score and what you can do in our latest article https://www.bizzyhub.co/bizzyhub-blog/business-credit-score-nz

A business credit score is one of the key components a lender looks at when assessing a funding application in New Zealand. Yet for many business owners, it is one of the least understood parts of the lending process.

As Monika Lacey, Chief Operating Officer at Centrix, one of New Zealand's leading credit reporting agencies, explains “Lenders use this score to assess the risk of lending to a business, a higher score generally improves access to credit and can lead to better terms.”

Our latest guide covers what a Business Credit Score is, how it works and why it matters. Link: https://www.bizzyhub.co/bizzyhub-blog/business-credit-score-nz

Faster equipment doesn't just save time. It can change the profitability of every job.

A trades business approached Bizzy needing to purchase a new piece of equipment that would drastically improve their workflow - reducing a two day job to around four hours.

Their request went out across Bizzy's lending panel and within days they received 4 quotes, and they secured a $70,000 asset finance loan.

For trades businesses, faster equipment means more efficiency, better profits and the capacity to take on more work and grow revenue. Having the right financing in place to take on more opportunities matters.

Need funding for a new piece of equipment? Head to bizzyhub.co to compare options

Most business owners approach funding one lender at a time. If it doesn't work out, the process starts over.

With Bizzy, one application goes to a panel of lenders matched to your business. You see the quotes side by side and choose what fits.

A client recently went from declined by a major lender to fully funded in days - not by chasing lenders individually, but by comparing real options at once through Bizzy.

Go to Bizzyhub.co to see for yourself

The Reserve Bank of NZ latest Financial Stability Report confirms a lot of what we see at Bizzy.

Banks are seeing more SMEs seeking finance for acquisitions, asset purchases, business expansions, and working capital. The demand is there.

But the report also flags two consistent friction points:
• Unlike mortgages, the SME lending market is less transparent, making it harder for business owners to know whether the rate they have been offered is competitive.
• Smaller firms continue to report higher rejection rates and loan terms they find unacceptable more frequently than larger businesses.

This is why we built Bizzy. One application reaches 15+ specialist lenders, with offers presented side by side — rates, fees, and total cost. The ability to compare is the starting point for knowing whether any individual offer is actually a good one.

Full RBNZ report linked in comments 👇

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When you're focused on securing business lending, it’s easy to just look at the headline interest rates - but it rarely tells the full story.

We recently saw a case where two providers offered the exact lending amount. However, one offer carried:
- $4,000 in additional interest over the 12 month term
- An early repayment fee that locked the business in.

By comparing them side-by-side on Bizzy first, this business owner kept kept $4,000 in their business cashflow on a small short term loan, with the flexibility to repay.

At Bizzy, we’re here to help you compare the "fine print" transparently and find the best option before you sign on the dotted line.

Curious what your lending options actually look like? Compare for yourself at bizzyhub.co

We had a great time last night at the Auckland Business Chamber event with Simon Bridges, networking with business owners and sharing what we do.

We are a proud partner of the Chamber and love being able to support the SME community with better access to capital. Get in touch with us today to book your member exclusive Funding Prep session with the Bizzy team!

We love getting feedback like this.

A recent customer has exausted all options known to them, ready to sell their personal assets to get a business sale across the line. That's where Bizzy stepped in, with our large panel of lenders we were able to match them with the right lending and help turn their dream into a reality.

Huge thanks to the support of our lending partner for getting this one across the line 👏