Business loan interest rates vary due to factors including the amount borrowed, what business assets the funds will be used for, the industry the business operates in, how long the business has been running, whether the business has sufficient cash flow to support the loan, and the overall ‘health’ or creditworthiness of the business.

Upon your submission of the required documents, our loan specialist will propose a set of terms relating to Interest Rate, Establishment Fees & Legal Fees in an Offer Letter. Once the Offer Letter is accepted by you, Blossum will put the financing request up for funding on our platform.

Our investors will receive a notification on the upcoming financing opportunity, and they will choose to invest various amounts until the required loan amount is reached. Blossum will then disburse the loan sum to you on the next working day.

There are no fees for application or assessment of your financing request. We only charge a service fee upon the successful disbursement of your loan, to cover our efforts in conducting the relevant credit checks.

As the service fee depends on many factors such as the financial product, complexity and quantum, we can only narrow down the range upon the submission of documents during your application.

Yes, you may apply for a subsequent loan with Blossum subject to another round of credit underwriting, especially if it has been some time has passed since the initial loan.

However, as this will be considered another loan, you may be required to pay off the full outstanding amount of the existing loan before a new loan is extended. This depends on the conditions set by the credit team.

You can choose to repay the entire amount of your loan early at any time. If you decide to do this please speak to our friendly business loan specialists. They will provide you with repayment details and an early payout figure. This will be calculated as the total of the remaining principal amount and any accrued interest at the date of early payout, plus 1.5% of the remaining principal and any outstanding fees.

Did you know that 7 out of 10 SMEs face challenges when looking for business loans? Engage with Blossum as a referral partner and earn extra cash this year by referring any associates who might be looking for a business loan. Y

ou can submit their details here, or drop us a call at +(64) 22 319 0922 on Mondays to Fridays, from 9am to 6pm.

Debt investment lending is a way to raise money, awareness, and support for a project or a business from the people around you. It’s all about how you persuade each individual to give you a small donation or capital for your project or idea.

Debt investment lending allows people with great ideas but lack of financing to raise the money they need to turn their initiatives into reality. In return, the donors and investors will get rewarded.

​Many SMEs do not have many assets to pledge, but are very cash flow positive. Unfortunately for these companies, or if they’ve already reached the maximum limit on their bank facilities with no more assets to pledge, securing funding can be a difficult ride.

All returns on investments with Blossum as subject to resident withholding tax. This is applicable for NZ tax residents. Foreigner investors are subject to non-resident withholding tax. Find out more here.

Credit assessments are based on the SME’s and buyer’s (in case of invoice financing) ability and willingness to pay.

For assessing ability, Blossum looks at a number of financial tools to evaluate the credit worthiness of an SME. Much of the evaluation relies on analyzing the SME’s P&L, balance sheet, cash flow statements, inventory turnover rates, debt structure, management performance, and market conditions with the context of the note quantum and tenor.

To assess credit worthiness, Blossum looks into the history of trustworthiness, moral character, and continued performance that demonstrate a debtor’s ability to repay. Mainly via the SME’s and PGs’ past credit obligations, repayment records and litigation (if any).