Business Loan Application Form

Business Loan Application Form
Nei ka mihi ake mō tō whakaaro nui kia whakawhiwhia mai e koe i te pūtea whakahoki, me te wāhanga kohikohi pūtea, hei āwhina i tō pakihi.

Thank you for considering Māori Womens’ Development Incorporated (“MWDI”) to assist you to obtain a loan and provide you with access to mentoring and financial services.
MWDI business loans are for all Māori women and their whānau who wish to either start up a business or expand an existing business.

Māori men who wish to either start up a business or expand a business must have a Māori woman as part of their core business operations, this must show in business plan provided.

Minimum Loan Amount: $10,000
Maximum Loan Amount: $50,000

Interest Rate: Currently 3% (a schedule of calculated repayments is provided)

Duration of the Loan: 5 years
BUSINESS CRITERIA

Please review the business criteria to make sure you have all the documents needed to be uploaded for your loan application. VIEW THE BUSINESS CRITERIA HERE>>>
Please tick the following*

I have calculated my repayments for the loan amountI understand that a loan administration fee of 1% of the amount borrowed is required to be paid to MWDI for the administration of the loanI understand that Loans are only provided to applicants who cannot access a loan from any financial lending institutionIf I am a successful loan recipient I understand that I will have no access to additional funding from MWDI until the existing loan is repaid.I understand that I will be asked to undergo a credit checkIf I miss a loan payment I understand that I will be charged 6% interest on that payment.

Whānau name*
Tribal affiliations*
Please provide your whakapapa in a chart form
Whakapapa File Upload*

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Next of Kin 1 Contact Details*
Next of Kin 2 Contact Details*
Education*
Have you had business or management education?*

YesNo
Your employment details*
Testimonial
Written Testimonial File Upload

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Tell us about your business
Is this business*

New?Existing?
How long has it been operating?
Have you been in business before?*

YesNo
Trading as*

CompanySole TraderTrustLimitedOther
NZBN Number
If you are registered on the NZBN
What is your product/service?*
Provide a Business Plan that illustrates:
1. Who you are?
2. What your business is?
3. How you will operationalise the business?
4. The strengths, weaknesses, opportunities and threats for you and your business.
5. Who your competitors are? and your point of difference.
6. The amount of lending required and what this will be used for?
7. Consider the position of your business in its industry, as well as the position of the industry within the economy.
Business Plan File Upload*

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PLEASE NOTE: If this is a new business venture, a cashflow, is required. If an existing business venture, a full set of accounts for two years is required also.

Provide a Cashflow forecast
1. Illustrating where cash will come from and what you will spend cash on.
2. This must be completed for a period of at least 12 months.
Cashflow/Accounts File Upload*

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Employees (how many new positions have or will be created?)*
How did you hear about MWDI?*

Friend/WhānauMWDI WebsiteMWDI PanuiMWWLOther
Have you previously applied for a loan with MWDI?*

YesNo
What was the outcome?

Security Schedule
AS PER CRITERIA SECURITY MUST BE PROVIDED FOR AN AMOUNT GREATER THAN THE LOAN AMOUNT.

If your security is PROPERTY, FOLLOWING MUST BE Uploaded
1. A copy of the rates thats has the Address and lists who owns the property.
2. Proof of value(either rates valuation that shows GV or an independent valuation).
3. Proof of any mortgage on the property.
4. Insurance cover on the property.
5. If there are other owner/s then we will need their identification.
IF MOTOR VEHICLES OR CHATTELS OF THE BUSINESS OR ANTIQUE ITEMS, THE FOLLOWING MUST BE UPLOADED
1. Detailed description of the item/’s to be used as security.
2. Details and proof of any monies owing against the items (e.g.,car finance on a car).
3. Proof of valuation(if less than 1 year old an invoice can be used,otherwise an independent valuation must be completed).
4. Insurance cover on items.
Loan Security please choose*

PropertyMotor Vehicle that is less than 5 years oldChattels of the businessAntique items that have an independent valuation
Security*

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Where do you currently bank?
Do you have a bank account open/operating?*

YesNo
Bank Account Number*
This is the account we will be transferring the loan funds to.
Bank account details

The evidence required
1. Bank account details and proof of the bank account
2. A recent bank statement that is no more than 30 days old; OR
3. A bank deposit slip
This is the account we will be transferring the loan funds to
Bank Account File Upload*

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Bank Details*
Do you have an accountant?*

YesNo
Accountant Details
Do you have a lawyer?*

YesNo
Lawyer Details

Have you applied for a loan with a financial institution?
Have you approached a bank for a loan?*

YesNo
Please comment what the result was (if declined please state why)
Have you approached any other institution or organisation for a loan?*

YesNo
Please comment what the result was (if declined please state why)
Please name the institutions
LOAN DECLINE

Evidence required

A letter, email or a screenshot from a financial institution declining finance to you for your business
Loan Decline File Upload*

Letter or email from a financial institution declining finance to you for your business
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Details of your loan
Purpose for which the loan is required*
Tell us what you want the loan for
Cost of Purchase*
Less own cash contribution*
Loan Required
Business Mentoring
Do you have a business mentor?*

YesNo

Your financial position
1. We want to be sure we are lending responsibly.
2. We want you to calculate your personal net worth, to see if you can afford to take out a loan.
Download the spreadsheet here, fill it out, save it and then upload it below.
Upload Your Financial Position spreadsheet*

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Signature*

Clear
Date*

DayMonthYear
Date Signed
Should be Empty:

Business Loan Application Form

Kia ora, tell us about yourself

Proof of Address

Tell us about your business

Security Schedule

Where do you currently bank?

Have you applied for a loan with a financial institution?

Details of your loan

Your financial position