Lending Room review: a business loan broker in NZ
Lending Room is a New Zealand broker that arranges business loans of $5,000 to $500,000 through its panel of lenders. Here's who qualifies, what it costs and how it compares.
By Jason Dark, updated 6 November 2026
The short version
- Lending Room is a broker. You fill out one application, and it finds a lender from its panel that suits your business.
- Lending Room arranges business loans between $5,000 and $500,000. Loans can be secured or unsecured and last from 6 to 84 months.
- Most lenders on its panel want your business to have traded for at least 9 months and to show regular revenue.
- Rates are 8.99% to 29.95% a year. When your loan is funded, you pay a broker fee of up to $1,500, and the lender can charge up to $450 more.
Is Lending Room a good option for your business?
Lending Room is a good option for businesses that have traded for at least 9 months and aren't sure which lender to pick. Instead of applying to several lenders and getting several credit checks, you apply once and Lending Room finds a match from its panel. When your loan is funded, you pay a broker fee of up to $1,500.
What Lending Room arranges
Business loans (arranged)
- Amount
- $5,000 to $500,000
- Term
- 6 to 84 months
- Who qualifies
- Most lenders on its panel want 9 months of trading; a registered NZ business with regular revenue, a director or shareholder applying, and 3 to 6 months of bank statements
- Security
- Secured or unsecured
- Speed
- Most applicants hear back the same business day; funding possible within 24 hours of approval
- Cost
- 8.99% to 29.95% a year, plus a broker fee of up to $1,500 and lender establishment fees of up to $450
Want to see what you would actually be offered?
Talk to a business loan brokerWho qualifies
Your business must be registered in New Zealand and have regular revenue going through its bank account. Sole traders, partnerships, companies and trusts can all apply. The person applying must be a director or shareholder who can sign a loan for the business. Most lenders on the panel want at least 9 months of trading, but Lending Room says it may still help if you're buying an existing business. You'll need 3 to 6 months of business bank statements, current financial statements, photo ID for the directors and details of any other business debts.
What Lending Room costs
Interest rates are 8.99% to 29.95% a year, depending on your business, its trading history, the loan and whether it's secured. There's also a broker fee of up to $1,500 (including GST) when your loan is funded, and the lender may charge an establishment fee of up to $450. Ask for the total cost in writing and compare it in the business loan calculator.
How Lending Room compares
Fundme is another business finance broker, with a Class 3 financial advice provider licence. Fundme arranges loans, lines of credit, tax funding and asset finance from $2,000 to $500,000. If you'd rather apply directly to a lender, Prospa and Bizcap publish their criteria, and the eligibility checker shows how many lenders publish criteria your business meets.
These details come from Lending Room's website, checked on 6 November 2026.
Common questions
Is Lending Room a lender?
No. Lending Room is a broker, registered on the Financial Service Providers Register as FSP486566. Lending Room sends your application to the lender on its panel that it thinks is most likely to fund your business.
Will Lending Room affect my credit score?
Lending Room does a soft credit check, so your score stays the same. Some lenders accept this check, and others do their own.
How much does Lending Room charge?
You pay a broker fee of up to $1,500 (including GST) when your loan is funded. The lender may also charge an establishment fee of up to $450.
Want to see what you would actually be offered?
Share your details and a business loan broker will get in touch to talk about how much your business could borrow, which lenders might suit it and what the loan could cost.
Sources
Tools for this
- Business loan eligibility checkerSee how many New Zealand lenders publish criteria your business meets, from trading time and turnover to who can apply.
- Business loan calculatorWork out the repayments on a business loan, the interest you will pay and the total cost with fees.
- Business loan true cost calculatorTurn a factor rate, fee and term into a true annual rate you can compare with a bank loan.
Want to see what you would actually be offered?
Talk to a business loan broker