Criteria
Who can apply?
Just Dollar$ offers loans to small businesses, co-operatives and community ventures that are based in the Canterbury region.
You will need to:
- Be declined finance by your bank;
- Provide evidence of a good proposal as outlined in a business plan and cashflow - we will provide you with a guide on how to write one.
- Be able to secure your loan with a guarantor or a caveat over real estate if you need to borrow over $4,000
Ineligible Applications
We don't lend for projects which involve the following:
- Refinancing of existing debt;
- Payment of tax arrears;
- Research and development;
- Gambling;
- Ecological damage;
- Breaches of The Treaty of Waitangi
Rates
Just Dollars$ provides small business loans to a maximum of $10,000. Loans are unsecured to $4,000.
Current interest rate for small business loans - 14.2%
