The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K is fairly low.
Need more funds? Find out the eligibility requirements for our $100K to $500K company loan.
All that’s needed to start is your contact information (company name, your name, email address, phone) as well as the amount you’d like to borrow, and your monthly revenue.
In the course of the process and before settlement we’ll need confirmation of who you are, but not to get started:
After we start in the process, for loans of more than $150,000 you will also require fundamental financial statements:
Let’s get started.
Brisbane unsecured loans provides amounts between $5,000 and $100,000 with terms between 3 and 24 months and cash flow-friendly repayments that are either per day or weekly.
It is possible to apply for the Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an immediate response, and the money could be in your account within 24 hours. Traditional business loans have an interest rate per annum plus other fees and charges. The business loan is a loan that is priced upfront so you will be aware in advance of the total amount to be paid, including any interest, fees or charges. Then, it is broken down into weekly or daily amount to be paid back.
The Small Business Loan can be used for virtually every business reason, such as cash flow management, company remodeling, marketing to purchase inventory, new equipment, as general working capital, and much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger amount of loan to help business expansion opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term for up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate your cash flow.
This Larger Business Loan has an Origination Fee which is calculated at 2.5% of the loan amount.
To be eligible for a credit of this size the business needs to have been trading for at least 3 years and generate an annual revenue of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of business.
A larger company loan can be used to fund almost any company use, including business improvements, purchasing new equipment or inventory or as general working capital, and much more. The loan is not available for personal reasons.
Asset security is needed for funding of more than $150,000. This can be done by way of charge on assets and can include the registration of this with the PPSR or making a caveat.
A personal or director’s ensure is a commitment to pay back a loan that is general in nature, rather than specifying the security for a particular asset. The person who is signing the ensure is personally liable in the event that the company the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including items or assets). The PPSR gives prioritisation over property that is personal to be assigned according to the date the registration of a security interest.
A caveat is a legal document lodged to provide an official notice of a claim against a property.
If you’re seeking larger company loans that exceeds $250K, we may offer an initial pre-approval in order to make the process. We might be able to get this done without a credit verification and within 6 hours of the initial application. This pre-approval is made based on an initial evaluation that involves you answering some financial well-being checks. It is neither an offer nor a guarantee of funds. The approval of a conditional loan is subject to a full credit assessment and any offer you receive could have different conditions.
You can apply for a company loan if you
The application process is simple and easy. Simply complete the online form in few minutes and a dedicated business credit specialist will be in touch to assist you.
To be eligible for up to $100,000, you’ll require ID details (valid Driver’s Licence), an NZBN/IRD that is valid and at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K-$250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Details for application including credit consent as well as 12 month bank accounts, the IRD statements Last 2 years’ finalised financial statements, in addition to interim financials from the current financial year, Aged Payables and Aged Receivables summary.
For an unsecured loan ($5K up to $100,000) we can often offer an answer in just one hour, provided you apply at standard company hours and you allow us to utilise the bank verification system link to instantly verify your bank information online. If you decide to submit copies of your bank statement, we’ll offer the decision within just an business day.
For the Larger Business Loan ($100K up to $500,000) we may be likely to provide you with conditional pre-approval within six hours. After you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval, however it could be faster based on the particular circumstances of each application. Some deals have been approved in the space of 24 hours.
The most effective method for you to apply is ensure you apply during standard company hours, and let us use the advanced bank verification system to instantly confirm your bank details online. If you send us copies of your bank accounts, it will take a little longer.
For the Small Business Loan ($5K or more) We can usually provide an answer within an hour – provided you apply 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 statements we can offer an answer within an business day.
If you are applying for Larger Business Loans ($100K and up) we might be likely to offer you with conditional pre-approval in about six hours. Once you have signed the pre-approval document, you will require to wait around 2-3 days for final approval. However, this can be faster depending upon the circumstances for each application. Certain offers have been approved in 24 hours.
The most effective method for you to apply is make sure you apply during normal business hours. Also, let us use the sophisticated bank verification link to check your bank’s information online. If you opt to upload the copies of bank accounts, it can take a bit longer.
We offer loan amounts between $5,000 to $500,000. When you make an application for a certain amount we will consider a number of elements that determine what is the well-being of the business and the amount of the repayments your company can support. The amount you receive from the loan will be determined by the particular circumstances the company.
If you apply for a particular amount, we take into consideration a variety of aspects to assess your well-being for your company and the extent of the repayments your company can afford. The amount you receive from your loan will depend on the particulars the business.
If you decide to make an application for our company credit, we’ll assess the risk assessment for your business and provide you with a tailored offer including the loan amount, the terms and interest rates. The business loan is an upfront cost loan therefore you will know in advance the total amount due, which includes any costs, fees, or interest rates.
Interest rates for company loans rates depend on a variety of factors such as the amount that is borrowed, the company assets the funds will be used for in addition to the industry that the business is in, how long the company is in operation and whether the business has sufficient cash flow to cover the loan, as well as the overall well-being and creditworthiness of the business.
There aren’t any hidden charges for our business loans, and you’ll be aware of the amount you need to pay, and when, right from the day you sign up. There’s no compounding interest and no extra fees (as as long as you pay your payments in time).
We do not charge an Application Fee. You can make an application for loans absolutely no upfront cost and no any obligation to sign up.
The Origination Fee covers the costs associated with the setting up and management of the loan. It is only charged for this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.
You may choose to pay back the entire amount of the loan early at any time.
If you choose to do this please contact our helpful business lending professionals. They will offer you with details on repayment and an early payout figure. This will be calculated as the sum of the principal amount remaining and accrued interest to the time of early payment, plus 1.5 percent of the principal remaining and any outstanding fees.
To help you avoid missing due dates and also to be in line with your cash flow cycle we provide payments that are either daily or weekly. These are automatically withdrawn from your nominated company account.
Security of your data, and being upfront about the ways we gather the information we collect, use, share and safeguard your data, is vital and a vital element of our relationship with you.
Yes. We use industry recognised encryption standards to secure your personal, sensitive financial information and our funders are ISO 27001 qualified for our dedication to customer security and security. We utilise a sophisticated bank verification system to instantly confirm your bank account information online so we can offer an immediate response.
The term "asset-based" refers to borrowing where an company owner makes use of an asset they own to get the funding. The asset can be either an asset belonging to the personal, like the family home, or an company asset like a truck or piece or equipment.
The vast majority of lenders, including the banks with the biggest size, prefer to secure loans against assets. If you are having difficulty paying back the loan, your assets could be taken over by the lender. In essence, it’s a way of securing new funding using the worth of the asset you already have.
For loans that exceed $150,000, no asset security is required prior to the loan’s access however, we require a personal guarantee. need an individual guarantee. As long as you follow your loan obligations (as detailed in the loan contract) the security of assets is not required. For loans of over $150,000 typically, you will need a personal ensure and security in the form of the charge of assets.
