Free tool · Australia + New Zealand
Ask Mr anything
Pick your side of the Tasman, choose a topic, tap a question. Mr gives you the short answer in plain English, then points you to the full answer on the right country's site.
1 Where's your business?
2 Pick a topic
3 Tap a question
Questions appear here once the page has loaded. You can also browse every answer further down.
Pick a question and I'll answer it here.
I keep it short and plain. The full story is always one click away.
General information only. Answers don't consider your circumstances and aren't an offer of finance. No credit check when you first enquire on either country site.
How Ask Mr anything works
Australia and New Zealand look alike from a distance, but business funding questions often have two different answers. "Can I borrow to pay my GST?" means a quarterly BAS at 10% to an Australian, and a GST return at 15% to a New Zealander. "Who do I owe?" is the ATO on one side and Inland Revenue on the other. That's why Mr always asks which country first.
Once you've chosen your country, the topics narrow things down: tax and GST, borrowing basics, property, your situation (credit history, structure, how long you've traded), and trans-Tasman questions for owners with a foot on each side. Tap a question and Mr answers in a few sentences, with no jargon and no sales pitch.
Every answer comes with a link to the full explanation. Country-specific questions link to Mr's Australian site (mrbusinessloan.com.au) or New Zealand site (mrbusinessloans.co.nz), where each question has its own in-depth page. Where Australia and New Zealand do things differently, Mr also links to the matching side-by-side page on this site, such as ATO vs IRD or GST at 10% vs 15%.
What Mr won't do
Mr won't quote you an interest rate. Every business loan is priced on the business's own circumstances, so a number on a web page would only mislead. He won't pretend a short answer covers your exact situation either. And he won't collect your details: there's no form on this site at all.
When you're ready for a real answer
The tool is the warm-up. When you want to know what's possible for your business, start a 60-second enquiry on your country's site. There's no credit check when you first enquire, your details aren't sprayed around to a pile of lenders, and a real person reads what you send. Answer the form accurately and you'll be matched properly the first time. Not sure which country to choose? Use the country chooser, or try the funding route quiz first.
Browse them all
Every question Mr can answer
The same answers as the tool above, listed by country and topic.
Australia
Tax & GST
Can I get a business loan if I owe the ATO?
Often, yes. Lenders look at how big the debt is next to your turnover, whether you have a payment plan you're keeping, and whether there's property security. Some owners borrow specifically to clear the ATO in one hit, swapping compounding interest that's no longer deductible for one predictable repayment.
Full answer on mrbusinessloan.com.au → · Australia vs New Zealand →
ATO payment plan or a business loan: which is better?
It depends on the size of the debt, how long you need, and what the ATO's general interest charge costs you after tax. A plan you can genuinely keep is often fine for smaller debts. A loan can make sense when the plan payments would strangle cash flow or the debt is about to hit your credit file.
Full answer on mrbusinessloan.com.au → · Australia vs New Zealand →
Can I borrow to pay my BAS?
Yes, it's one of the most common reasons Australian owners enquire. A lender will want to know why the GST money isn't there, whether the business is otherwise trading well, and how the loan gets repaid. Paying on time keeps you on good terms with the ATO.
Full answer on mrbusinessloan.com.au → · Australia vs New Zealand →
I got a director penalty notice. What now?
Act fast and get advice the same week. A director penalty notice can make you personally liable for certain company tax debts, and the options shrink with time. Funding to clear the debt is sometimes possible, especially with property security, but the clock matters.
Is a business loan tax deductible?
The interest on money borrowed for business purposes is generally deductible; the loan itself isn't. Since 1 July 2025, ATO interest charges aren't deductible, which has changed the maths on refinancing tax debt. Your accountant can confirm your position.
Full answer on mrbusinessloan.com.au → · Australia vs New Zealand →
Borrowing basics
How much can my business borrow?
Unsecured and cash-flow options are typically $5,000 to $500,000, sized on turnover and bank statements. Property-secured loans run from $20,000 to $5,000,000, depending on the equity available. The real answer comes from your numbers.
Full answer on mrbusinessloan.com.au → · Australia vs New Zealand →
Secured or unsecured: which do I need?
Unsecured suits trading businesses wanting smaller, quicker funding based on cash flow. Secured, using property, suits bigger amounts, younger businesses or a bumpy history, because the security does more of the work.
Full answer on mrbusinessloan.com.au → · Australia vs New Zealand →
Line of credit or term loan?
A line of credit is a buffer you draw on and repay as cash ebbs and flows. A term loan is a lump sum for a specific job, repaid over a set period. Ongoing gaps suit a line; one-off purchases suit a term loan.
What does a business loan actually cost?
More than the interest: establishment fees, valuation and legal costs on secured loans, and any ongoing fees. Every loan is priced on your situation, so compare the total cost of the facility rather than a headline number.
What documents do I need?
ID for everyone signing, your ABN and entity details, six to twelve months of business bank statements, recent BAS, an ATO statement and, for secured loans, property details. You don't need any of it just to enquire.
Full answer on mrbusinessloan.com.au → · Australia vs New Zealand →
Will asking about a loan hurt my credit score?
Not with Mr's Australian site: there's no credit check when you first enquire. A check only comes up once you decide to go ahead, so you can find out what's possible without leaving a footprint.
Full answer on mrbusinessloan.com.au → · Australia vs New Zealand →
Property
Can I get a second mortgage for my business?
Often, if there's enough equity behind your first mortgage. Your home loan stays put and the business lender ranks second. It's a popular way to fund the business without disturbing a good home loan.
Full answer on mrbusinessloan.com.au → · Australia vs New Zealand →
What is a caveat loan?
Short-term business funding secured by a caveat lodged on your property's title, rather than a registered mortgage. It's often used when speed and simplicity matter, with a clear plan to repay or refinance.
Full answer on mrbusinessloan.com.au → · Australia vs New Zealand →
Can I borrow without owning property?
Yes, if the business is trading. Unsecured and cash-flow options, typically $5,000 to $500,000, lean on turnover and bank statements instead. Steady deposits and tidy tax records help most.
My situation
Can I get a business loan with bad credit?
Sometimes. What happened, how long ago and what's changed all matter, and property security can outweigh an old stumble. Be upfront: surprises hurt more than history.
Full answer on mrbusinessloan.com.au → · Australia vs New Zealand →
Can a new business get a loan?
It's harder without trading history, but not impossible. Property security is the usual path in year one, while you build the bank statements unsecured lenders want to see.
Can a sole trader get a business loan?
Yes. As a sole trader you are the business, so lenders read your personal credit and your business bank statements together. Keeping business money in its own account makes a real difference.
Full answer on mrbusinessloan.com.au → · Australia vs New Zealand →
Can my family trust borrow for the business?
Yes, through the trustee, if the trust deed allows it. Expect the lender to read the deed and ask the people behind the trustee to sign guarantees.
Full answer on mrbusinessloan.com.au → · Australia vs New Zealand →
Can I borrow to buy a business?
Yes. Lenders look at the business you're buying, your experience and contribution, and the security. Property security makes a big difference for purchase funding.
Full answer on mrbusinessloan.com.au → · Australia vs New Zealand →
Why was my business loan declined?
Usually a mismatch: the wrong lender for the situation, missing documents, numbers that didn't line up, or tax and credit issues that weren't explained. A decline from one lender isn't the end of the road.
New Zealand
Tax & GST
Can I get a business loan if I owe IRD?
Often, yes. Lenders look at the size of the debt, whether you've got an instalment arrangement you're keeping, and what security there is. Clearing IRD in one go can stop penalties stacking up and replace them with one predictable repayment.
Full answer on mrbusinessloans.co.nz → · Australia vs New Zealand →
Should I borrow to pay my GST bill?
It can make sense when the business is healthy but the timing is off, for example after a big six-monthly period at 15%. A lender will want to know why the money isn't there and how it'll be repaid.
Full answer on mrbusinessloans.co.nz → · Australia vs New Zealand →
Will a lender care about my IRD instalment arrangement?
Yes, but often in a good way. An agreed arrangement you're keeping to shows you dealt with the problem. Lenders will ask how much is left, the payment history and whether the loan would clear it.
Full answer on mrbusinessloans.co.nz → · Australia vs New Zealand →
I'm behind on PAYE and KiwiSaver. What can I do?
Talk to IRD early and get an arrangement in place. Unpaid deductions are treated seriously because they're employees' money. Funding to catch up is considered case by case, with a clear plan.
Full answer on mrbusinessloans.co.nz → · Australia vs New Zealand →
How does provisional tax affect my loan application?
Lenders look at whether instalments are being paid and whether a catch-up bill is coming after a strong year. Up-to-date provisional tax reads as good planning.
Full answer on mrbusinessloans.co.nz → · Australia vs New Zealand →
Can IRD report my tax debt to credit bureaus?
Yes, for larger business debts. IRD's criteria include GST, PAYE or income tax debt over $150,000 that's 90 days overdue. Engaging early and arranging payment is the best protection.
Full answer on mrbusinessloans.co.nz → · Australia vs New Zealand →
Borrowing basics
How much can my business borrow?
Unsecured and cash-flow options are typically $5,000 to $500,000, based on turnover and bank statements. Property-secured loans run from $20,000 to $5,000,000, depending on equity.
Full answer on mrbusinessloans.co.nz → · Australia vs New Zealand →
Secured or unsecured: which suits me?
Unsecured works for trading businesses with steady bank statements and smaller needs. Secured, using property, suits larger amounts or a shorter or bumpier history.
Full answer on mrbusinessloans.co.nz → · Australia vs New Zealand →
What does a business loan really cost?
Interest is only part of it: there are establishment, legal and valuation costs on secured loans, plus any ongoing fees. Every loan is priced on your circumstances, so look at the total cost.
How long should a business loan be?
Match the term to the job: short for a timing gap or stock, longer for equipment or property-backed growth. Shorter costs less overall but needs bigger repayments.
Can I combine my business debts into one loan?
Often, especially with property security. One repayment can be easier to manage than several, but check the total cost and the term so you're not paying more for longer.
Do I have to sign a personal guarantee?
For most small business lending, expect it. Directors usually guarantee company debts. Understand exactly what you're signing and get legal advice if you're unsure.
Property
Can I borrow against my house for my business?
Yes, it's common. A first or second mortgage, or caveat-style security, can unlock equity for the business. Think carefully about the risk to your home and the plan to repay.
Full answer on mrbusinessloans.co.nz → · Australia vs New Zealand →
How much equity do I need?
Enough that the existing mortgage plus the new loan sits comfortably within what the property is worth. The lender works it out from a valuation and what's already owed.
What is a caveat loan in NZ?
Business funding secured by a caveat lodged with LINZ on your property's title. It's usually short-term and used when speed and simplicity matter, with a clear exit.
Full answer on mrbusinessloans.co.nz → · Australia vs New Zealand →
When does a second mortgage make sense?
When you have good equity and a home loan you'd rather not disturb. The business lender ranks behind your first lender, so they look closely at the equity left over.
Can I use commercial or rental property as security?
Yes. Commercial and rental property can both support a business loan. Lenders look at the property type, location, value, tenancy and how easily it could be sold.
My situation
Can I get a business loan with bad credit?
Sometimes. Lenders want to know what happened, when, and what's changed. Property security and recent clean bank statements help a lot.
Full answer on mrbusinessloans.co.nz → · Australia vs New Zealand →
Can I get a business loan without property?
Yes, if you're trading. Unsecured and cash-flow options, typically $5,000 to $500,000, are sized on turnover and bank statements.
How long must I trade to get a loan?
It varies by lender and loan type. Unsecured lenders usually want a run of bank statements; property-secured options can work for younger businesses.
Do I need a registered company to borrow?
No. Sole traders, partnerships, companies and trusts can all borrow. The structure changes who signs and what documents are needed.
Full answer on mrbusinessloans.co.nz → · Australia vs New Zealand →
What documents do NZ lenders ask for?
ID, your NZBN and entity details, six to twelve months of business bank statements, GST returns, a myIR statement and, for secured loans, property details.
Full answer on mrbusinessloans.co.nz → · Australia vs New Zealand →
Can I borrow to buy a business in NZ?
Yes. Lenders look at the business, your experience and contribution, and the security. A solid plan for the first year helps.
Full answer on mrbusinessloans.co.nz → · Australia vs New Zealand →
My income is seasonal. Can I still borrow?
Yes. Lenders look at the full-year pattern, not one quiet month. Showing past seasons in your bank statements helps them see the rhythm.
Trans-Tasman (both countries)
I trade in both countries. Where should I apply?
Follow the borrower and the security. Apply where the borrowing entity trades and keeps its records, and where any property sits. Split situation? Start where the property is and explain the rest.
I'm taking my Australian business to New Zealand. What do I need?
Register on the Overseas Register within 10 working days of starting activities in New Zealand, or set up a New Zealand company. Check New Zealand GST at 15% once turnover nears $60,000.
I'm taking my New Zealand business to Australia. What do I need?
Register with ASIC as a foreign company (you'll get an ARBN and need a local agent), or set up an Australian company. Directors need director IDs, and Australian GST applies at $75,000.
Does my credit history follow me across the Tasman?
Not automatically. Each country's bureaus keep their own files. Bring statements from your old country's loans and start building local history on day one.
Do I charge GST when I sell across the Tasman?
Exports are generally GST-free from Australia (ship within 60 days) and zero-rated from New Zealand (export within 28 days). The other country may still collect GST at the border or from offshore sellers to consumers.
Can property in one country secure a loan for a business in the other?
It's worth asking, but security is usually taken in the property's own country. Start your enquiry where the property is and explain where the business trades.
Frequently asked questions
Is Ask Mr anything free?
Yes. It's a free question picker with short, plain-English answers. Each answer links to a fuller explanation on the Australian or New Zealand site, or to a side-by-side page here.
Do I need to give any details to use it?
No. You choose a country, a topic and a question. Nothing you click is sent anywhere, and there's no form on this site.
Why do I have to pick a country first?
Because the answer often changes. Tax offices, GST rates, business numbers, payroll rules and property registries differ between Australia and New Zealand, so Mr answers for the side of the Tasman your business is on.
Are Mr's answers financial advice?
No. They're general information to help you understand your options. For your own situation, talk to your accountant, and for funding, start a short enquiry on your country's site where a real person can look at the details.
What if my question isn't listed?
Start an enquiry on your country's site and ask it there. There's no credit check when you first enquire, and a real person reads every enquiry.
Got your answer? Let's make it real.
Choose your side of the Tasman. A short enquiry on that country's site, no credit check when you first ask, and a real person who calls you back.
Trading in both countries, or not sure? Let Mr help you choose.
No credit check to ask
No spray-and-pray
A real person reads it