A bank is an institution, which collects funds from the general public, safeguards them and then makes them available back to the owner of those funds when required ...
The banking system in New Zealand comes under the Reserve Bank of New Zealand. The function of the Reserve Bank is to implement the monetary policy of the Government ...
If you can avoid it, do not sign a personal guarantee. Banks usually insist on this if you are taking out a major loan. If possible, direct the bank to other security such as the business assets ...