Line Capital review: FundingLine, SmartLine and AcquisitionLine

Is Line Capital a good lender for your business?

Line Capital suits established New Zealand businesses that have traded for at least a year and turn over $100,000 or more a year. Line Capital offers longer fixed terms than most online lenders, with loans of up to 5 years at fixed rates from 16% a year, so your repayments stay the same. Line Capital doesn't lend to start-ups, and every loan needs a personal guarantee from the directors.

What Line Capital lends

• FundingLine

  Amount

  $10,000 to $500,000

  Term

  6 to 60 months, repaid weekly, fortnightly or monthly

  Who qualifies

  18 months of trading, $200,000 a year in turnover and positive cash flow, with 2 years of finalised financials, an IRD screenshot and 12 months of bank transactions

  Security

  A personal guarantee and a general security agreement at minimum

  Speed

  A decision in 24 to 48 hours

  Cost

  Fixed rates from 16% a year, set by risk, plus a 2.5% origination fee taken from the loan; no early repayment fee after 30 days

• SmartLine

  Amount

  $5,000 to $75,000

  Term

  6 to 36 months, repaid weekly, fortnightly or monthly

  Who qualifies

  12 months of trading, $100,000 a year in turnover and enough cash flow to make the repayments; less paperwork than FundingLine

  Security

  No property security; personal guarantees, and possibly a general security agreement

  Speed

  A decision within 24 hours of getting everything it needs

  Cost

  Fixed rates from 16% a year, set by risk, plus a 2.5% origination fee; no early repayment fee after the first month

• AcquisitionLine

  Amount

  Up to $500,000, generally 70% to 85% of the purchase price

  Term

  6 to 60 months

  Who qualifies

  Buying an established NZ business that has traded for at least 3 years with $200,000 or more a year in turnover, with relevant experience and your own contribution

  Security

  Personal guarantees and business security; sometimes property

  Speed

  Not published

  Cost

  Fixed rates from 16% a year, set by risk, plus a 2.5% origination fee

Who qualifies

To qualify, your business must be based in New Zealand, have traded for at least 12 months, have had revenue of at least $100,000 in the last 12 months and be cash flow positive. SmartLine loans, from $5,000 to $75,000, follow these rules and need less paperwork. FundingLine loans, from $10,000 to $500,000, need 18 months of trading and at least $200,000 in annual turnover.

For FundingLine, you must provide two years of company financials, an IRD screenshot and a bank connection showing 12 months of transactions. If you borrow more than $300,000, you also need to provide your accounts payable and receivable lists. The loan can't be used for property development or personal expenses.

What Line Capital costs

Fixed rates start at 16% a year, and Line Capital sets your rate based on your business's risk. There's a 2.5% establishment fee, which Line Capital calls an origination fee, and it comes out of your loan. If you borrow $100,000, you receive about $97,500. Line Capital says there are no other fees, and you can repay early without a fee after the first 30 days.

Once you get an offer, enter the rate and term into the business loan calculator to see your repayments and total interest.

Buying a business with AcquisitionLine

AcquisitionLine offers loans of up to $500,000 for up to 60 months to help you buy an established New Zealand business. AcquisitionLine usually covers 70% to 85% of the purchase price. The business you want to buy must have traded for at least 3 years and have annual turnover of $200,000 or more. You also need to show your experience and explain how you'll pay the rest.

How Line Capital compares

Prospa's Business Loan Plus also offers up to $500,000 over up to 5 years, but you need 3 years of trading and at least $1 million in annual turnover. ScotPac lends up to $300,000 over up to 2 years to businesses with at least 6 months of trading. The eligibility checker shows how many lenders publish criteria your business meets.

These details come from Line Capital's website, checked on 6 November 2026.

Common questions