The requirements for getting an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Do you need more money? Take a look at the guidelines for eligibility for our $100K-$500K company credit.
All that’s required to start is your contact details (company name and your name, as well as email or phone number) as well as the amount you’d like to borrow as well as your monthly income.
During the process and before settlement we will require confirmation of your identity, but not before we can begin:
After we start in the process, for loans greater than $150,000 you’ll also need fundamental financial statements:
Let’s get started.
Brisbane unsecured loans provides amounts between $5,000 and $100,000. Terms range from 3 and 24 months and cash flow-friendly repayments that are either per day or weekly.
Apply for your Small Business Loan in under 10 minutes online or over the phone, receive an instant response and funds may be in your account in 24 hours. Traditional company loans reference an interest rate per annum plus other fees and charges. The business loan is a pre-paid loan which means you be aware of the total amount due, which includes the interest, fees and charges. This is then broken down into a daily or weekly installment amount.
The Small Business Loan can be used to fulfill almost any company use, including managing cash flows, company renovations, marketing, to purchase inventory or new equipment, as general working capital, and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans range from $100,000 to $500,000 over a fixed term up to 36 months. Repayments are scheduled weekly or fortnightly, depending on your cash flow.
The Larger Business Loan has an Origination Fee, determined at 2.5 percent of the amount of the loan.
In order to be eligible for a loan in this amount the business needs to be operating for a minimum of 3 years and generate an annual revenue of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A large company loan can be used to fund almost all company use, including company improvements, purchasing new equipment or inventory for general working capital and so much more. The loan cannot be used for personal purposes.
Asset security is required to obtain funding above $150,000. This is by taking a charge over assets, and may include registering this on the PPSR or making as a caveat.
A director’s or personal guarantee is a guarantee to repay credit that is generally in nature rather than stipulating the security for a particular asset. The person signing the ensure is personally liable if the business the borrower fails to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including items or assets). The PPSR gives prioritisation over property that is personal to be granted in accordance with the date on which a security interest that is registered.
A caveat is a legal document lodged to offer notice of a legal claim against a property.
If you’re requesting an enterprise loan that is greater than $250K, we may offer an initial pre-approval in order to smooth out the process. We might be able to do this without a credit check and within six hours of your initial application. This pre-approval is made based on a preliminary assessment which includes answering a couple of financial health checks. It’s in no way an offer, nor is it a guarantee of credit. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer that you are offered could be on different conditions.
You may apply for an company loan if you:
The application process is quick and easy. Just complete the online application in just a few minutes, and a dedicated business loan specialist will be in touch to assist you.
For a loan of up to $100,000 you’ll require the right identification documents (valid Driver’s License), a valid NZBN/IRD and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll need:
$100K-$250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Information on the application including credit consent, 12 months bank statement, an IRD statements, last 2 years finalised financial statements, plus interim financials for the current financial year such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K or more) we typically offer an answer within an hour – as long as you make your application within standard business timings and permit us to use the advanced bank verification system to instantly verify your bank information online. If you want to send us copies of your bank statements , we will be able to provide the decision within just one company day.
For Larger Business Loans ($100K up to $500,000) we may be in a position to offer you with conditional pre-approval in around 6 hours. After you’ve signed your pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, it could be faster based upon the circumstances for each application. Some offers have been approved in the space of 24 hours.
The quickest method can be make sure you apply during standard company hours. Also, let us use the advance bank verification to verify your bank information online. If you decide to send us documents from your account statements it may take a bit longer.
For the Small Business Loan ($5K to $100K) we can often provide an answer within an hour, provided you make your application during normal business hours and allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you opt to send us copies of your bank statement, we’ll offer the decision within 1 business day.
If you are applying for Larger Business Loans ($100K or more) we might be likely to provide the conditional pre-approval in about 6 hours. Once you’ve signed the pre-approval document, you will require to wait around 2-3 days for final approval, however it could be faster based on the particular circumstances of each application. Some agreements have been approved within 24 hours.
The fastest method can be make sure you apply during normal business hours. Also, allow us to use our advanced bank verification system to check your bank’s information online. If you upload documents from your account accounts, it may take a bit longer.
We provide loan amounts between $5,000 and $500,000. If you apply for a particular amount, we consider a variety of aspects in order to assess how much we can lend you well-being of your business and the extent of the repayments your company can afford. The amount you receive from your loan will be contingent on the specific circumstances of your company.
If you apply for a certain amount, we will consider a number of elements to determine the health that is your company and the level of payments your business is able to afford. The total amount of the loan will be determined by the specific circumstances that are unique to your business.
When you apply for the business credit, we will assess the risk profile the company and provide you with a tailored offer that includes the amount of the loan, the duration and interest rates. This business loan is an upfront cost loan therefore you will know the exact amount payable including any costs, fees, or interest rates.
Interest rates for business loans rates differ based on various factors such as the amount that is borrowed, what company assets the funds are used to purchase, the industry the company operates in, the long the company has been in operation as well as what percentage of the company has sufficient cash flow to cover the loan, and also the general health as well as creditworthiness company.
There are no hidden fees for our business loans. You’ll know exactly how much it is that you be required to pay and when, right from day one. There’s no compounding interest, and no extra fees (as as you make your payments on time).
We don’t charge an application fee. You are able to apply for a loan with no cost upfront or any obligation to sign up.
The Origination Fee includes the expenses associated in establishing and managing the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5% of the loan amount.
You can decide to repay the entire amount of the loan in full at any time.
If you are deciding to take this route, please call our helpful business loan experts. The professionals will offer you with details for repayment along with an early payout estimate. This is calculated as the sum of the remaining principal amount and accrued interest to the date of early payout in addition to 1.5% of the principal balance as well as any outstanding fees.
To ensure that you don’t miss repayments and to fit in your cash flow schedule, we provide payments that are either daily or weekly. They are automatically deducted from your company account.
Protecting your information, and making it clear how we collect the information we collect, use, share and protect your information, is of huge importance and is an essential aspect of our relationship with you.
Yes. We utilise industry-recognised encryption techniques to protect your personal, sensitive financial information and our funders are ISO 27001 qualified for our commitment to security for our clients and security. We make use of an advanced bank verification system to instantly verify your bank account details online. This allows us to provide quick responses.
The term "asset-based" refers to borrowing where a business owner uses an asset that they own to get a loan. The asset may be an individual asset, such as the family home or it could be a business asset such as a vehicle or other piece of machinery.
The majority of banks, even the largest banks, are inclined to make loans secured by assets. If you have trouble paying back the loan then your asset may be sold by the lender. In essence it is means of securing new financing by using the value of what you already have.
For loans of up to $150,000, no asset security is required upfront to access the money but we require a personal guarantee. require a personal guarantee. As long as you follow your loan commitments (as stated in your loan contract document) the security of assets will never be needed. For loans of over $150K generally, there is personal guarantee and security is provided in the form of charges on assets.
