Business Loan Application Form

Business Loan Application Form

Māori Women's Development Inc.
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.

We’re dedicated to empowering wāhine Māori and their whānau with financial tools to succeed.

The key purpose of MWDI business loans are for all Māori women and their whānau who wish to either start up a business or expand an existing business.
- 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
Once the loan has been approved, it must be drawn down within three months of the confirmation email. After this period, the loan offer will expire.
BUSINESS CRITERIA

Please review the business criteria to ensure you have all the required documents ready to upload with your loan application.

VIEW THE BUSINESS CRITERIA HERE
Please confirm that you have read and understood the following terms before proceeding with your loan application. You must tick ALL boxes to continue.*

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.
As you complete the online loan application you will be asked to upload documentation.
- If you need to find the documentation click save and continue
- A link to your application form will be emailed to you.
- Click on the link your form will open and you can continue with your application.

Previous Loan Applications

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

YesNo
What was the outcome of your application? If your application was declined, please state why. *
Have you approached any other institution or organisation for a loan?*

YesNo
What was the outcome of your application? If your application was declined, please state why. *
Please name the Institution*

Previous Loan Applications

Have you previously applied for a loan with a bank or other financial institution?
Loan Decline: Evidence Required

Please provide one of the following as proof of a declined loan application from a financial institution:
• A formal letter
• An email
• A screenshot clearly showing the decline of finance for your business
Loan Decline (Upload)*

Letter or email from a financial institution declining finance to you for your business
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Personal Details

Please provide your details
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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Business Details

Please provide your contact details
Trading as:*

CompanySole TraderTrustLimitedOther
Business Name*
NZBN Number
If you are registered on the NZBN
Business Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Business Phone Number*
Please enter a valid number
Business Email*
example@example.com
Have you been in business before?*

YesNo
Is this business:*

New?Existing?
How long has it been operating?*
Please note:
- If this is a new business venture, a cash flow forecast is required.
- If this is an existing business, a full set of financial accounts for the past two years is also required.

Business Details

Tell us about your business
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.
You can download the business plan template that MWDI HineBoss™ participants complete. NB. the template is a word doc.
Business Plan File Upload*

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Financial Information Required

Please provide requested information.
If this is a new business venture:

Provide a Cashflow Forecast (Min. 12 Months)

Below is a sample of the type of financial reporting needed for loan applications.

Note: This is an example only. The terminology may differ slightly, for instance, ‘cash receipts’ is more commonly referred to as ‘income,’ and ‘cash paid out’ as ‘expenses.’
1. Purpose of This Report: This type of report shows where your income is coming from and outlines your anticipated expenses. It helps to clearly demonstrate your ability to service a loan.
2. 12-Month Financial Forecast: A 12-month financial forecast includes projected income, expenses, and cash flow, broken down month-by-month over the next year.
If this is an existing business:

Please provide a full set of financial accounts for the past two years, including your profit & loss statements, balance sheets, and any cash flow statements.
Cashflow/Accounts File Upload*

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Employees (how many new positions have or will be created?)*

Bank Details

Please provide your details.
Bank Account Details – Evidence Required

Please provide the following:
- Bank account details and proof of the account AND
- One of the following:
  - A recent bank statement (no more than 30 days old), or
  - A bank deposit slip
Note: This is the account we will transfer the loan funds to.
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 Details*
Bank Account (Upload)*

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Do you have an accountant?*

YesNo
Accountant Details
Do you have a lawyer?*

YesNo
Lawyer Details
Do you have a business mentor?*

YesNo
Business Mentor Details*

Loan Details

Provide information about the loan amount you’re seeking and how you intend to use the funds.
Purpose for which the loan is required:*
Briefly describe each major expense or investment. Be as specific as possible!
Cost of Purchase*
Less own cash contribution*
How much of your own money will you be contributing?
Loan Required
Min 10,000 - Max 50,000
Have you previously applied for a loan with MWDI?*

YesNo
What was the outcome?
How did you hear about MWDI?*

Friend/WhānauMWDI WebsiteMWDI PānuiMWWLOther

Your Financial Position

We want to be sure we are lending responsibly. 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.*
Your Financial Position (Upload)*

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Signature*

Clear
Date*

DayMonthYear
Date Signed

We’re sorry, but based on your response, you are not eligible to proceed.

Unfortunately, this is a key eligibility requirement of our loan process. If you believe this is an error or would like further support, please contact our team at loans@mwdi.co.nz.
Should be Empty:

Business Loan Application Form

Previous Loan Applications

Previous Loan Applications

Personal details:

Identification Required

Personal Details

Proof of Address

Business Details

Business Details

Financial Information Required

Security Schedule

Bank Details

Loan Details

Your Financial Position