A government-backed finance scheme will see businesses able to borrow up to $5 million, an increase from $500,000.
The loan increase will boost interest and is designed to encourage business lending.
Finance Minister, Grant Robertson, announced alongside the increase in loan amount, the terms of the loan would also be extended from three to five years.
Larger businesses will also be able to draw the loans and funds can be used for a wider range of purposes.
Robertson said the scheme is in response to recent feedback the treasury has received from banks and their customers.
