The requirements for getting an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Take a look at the eligibility requirements for our $100K-$500K business credit.
All you need for starting is your contact details (the name of your company, your name, email and phone) and 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:
In addition, once we have started in the process, for loans greater than $150,000 you’ll also need basic financial statements.
Let’s get started now.
Brisbane unsecured loans offers amounts between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow friendly repayments that are either daily or weekly.
It is imaginable to apply to the Small Business Loan in under 10 minutes over the phone. You’ll get an immediate response, and the money could be available in just 24 hours. Traditional company loans reference an annual interest rate along with other charges and fees. We offer a company loan is a cash-based loan so you will know ahead of time the amount you will have to pay, including any fees, interest or charges. This is then broken down into weekly or daily amount to be paid back.
The Small Business Loan can be used for virtually every business need, such as the management of cash flow, company renovations, marketing to purchase inventory or new equipment, or as general working capital and so much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger loan size to support company expansion opportunities. Loans are between $100,000 and $500,000 over a fixed term that can last up to 36 months. Repayments are scheduled weekly or fortnightly to work with your situation.
A Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the loan amount.
To be eligible for a credit in this amount, your company needs to have been in operation for at least 3 years and have an annual turnover of $700,000. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A Larger Business Loan can be used for nearly all business need, including business remodeling, buying inventory or new equipment as well as for general working capital, and much more. The loan is not available to fund personal expenses.
Asset security is required to access funding over $150,000. This can be done in the form of a charge over assets, which could also include the registration of this through the PPSR or the registration of a caveat.
A personal or director’s guarantee is a commitment to repay credit that is generally based rather than specifying the security for a particular asset. The person who signs the guarantee is personally liable in the event that the business creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including the assets or goods). The PPSR permits prioritisation over property that is personal to be assigned according to the date the security interest was registered.
A caveat is a legal document lodged to provide notice of a legal claim on a property.
When you’re applying for a Larger Business Loan that exceeds $250K we may be able to provide a preliminary pre-approval to help make the process. We could be able to do this without a credit verification and within 6 hours of the initial application. The pre-approval is based upon an initial assessment, which involves you answering a few financial health questions. It’s not an offer of credit or guarantee of financing. Unconditional approval is subject to a full credit assessment and any offer that you are offered could be subject to different conditions.
You may apply for an company loan if you:
The process for applying is fast and simple. Simply complete the online form within a few minutes and an experienced company loan specialist will be in touch to help you.
To apply for up to $100,000, you’ll need ID details (valid Driver’s Licence) along with a valid NZBN/IRD as well as at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll need:
$100K-$250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Details for application including credit consent, 12 months of bank records, IRD statements as well as the two most recent years’ financial statements, plus interim financial statements for the current year as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K to $100K) We can usually provide an answer within an hour – as long as you apply within quality company timings and let us utilise the bank verification system link to instantly verify your bank information online. If you decide to upload copies of your bank statements we can offer a decision within the span of one business day.
For Larger Business Loans ($100K to $500K) we may be in a position to offer you with conditional pre-approval within about 6 hours. After you’ve signed your pre-approval, the turnaround time is about 2-3 days for final approval. However, this could be shorter based on the particular circumstances of each application. Certain offers have been approved in less than 24 hours.
The quickest method would be to ensure you apply during normal business hours. You can also permit us to use the advanced bank verification system link to check your bank’s information online. If you upload copies of your bank accounts, it can take a bit longer.
For the Small Business Loan ($5K and up) we can often offer an answer within an hour, provided you apply at normal business time and you allow us to use the bank verification system link to instantly verify your bank information online. If you want to send us copies of your bank statements, we are able to offer the decision in just an business day.
If you are applying for Larger Business Loans ($100K up to $500,000) We may be able to offer the conditional pre-approval within six hours. Once you’ve signed your pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, it could be faster based on the particular circumstances of each application. Some deals have been approved within just 24 hours.
The quickest method can be make sure you apply during standard business hours, and allow us to use the sophisticated bank verification link to instantly check your bank’s information online. If you decide to send us duplicates of your banking statement, it will take a little longer.
We provide loans that range from $5,000 to $500,000. When you submit an application for a certain amount we take into consideration a range of variables that determine how much we can lend you well-being for your business and the level of repayments your company can support. The amount you receive from your loan will be contingent on the specific circumstances for your company.
If you apply for a particular amount, we take into consideration a variety of factors to assess the well-being of your business and the extent of repayments your business can afford. The total amount of your loan will depend on the specific circumstances the business.
When you apply for our business loan, we will assess the risk profile that you have for your business and offer you with a customised offer that includes the amount of loan, the term and the interest rates. A 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 charges, interest rates or fees.
Business loan interest rates depend on several factors such as the amount that is that is borrowed, what company assets the money will be used for as well as the field the business is in, how long the business is in operation as well as how long the business has enough cash flow to fund the loan, as well as the overall health or financial standing of the company.
There aren’t any hidden charges for our business loans, and you’ll know precisely what it is that you be required to pay and when, starting from the day you sign up. There’s no compounding interest and no extra fees (as long as you make your payments punctually).
We don’t charge an Application Fee. You are able to apply for a loan with no upfront cost or obligation to proceed.
The Origination Fee covers the costs associated with setting up and managing the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.
You can repay the entire amount of your loan in full at any time.
If you do decide to take this route, please speak to our friendly business lending professionals. The experts will provide you with details on repayment and an early payout figure. It will be calculated using the total of the principal remaining and accrued interest to the time of early payment and 1.5 percent of the remaining principal as well as any outstanding fees.
In order to help you avoid missing payments and to work your cash flow schedule, we offer repayments either weekly or daily. These are automatically withdrawn from the nominated company account.
The security of your personal information, as well as knowing how we collect data, process, exchange and ensure the security of your information is vital and is a crucial aspect of our relationship with you.
Yes. We make use of industry-standard encryption standards to secure your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our dedication to protecting the security of customers and security. We use an advanced banking verification system to immediately verify your bank account details online. This allows us to offer rapid response.
An asset-based loan is when the business owner makes use of an asset they own to get the funds for a loan. The asset could be an individual asset, such as the family home, or a business asset such as a vehicle as well as a piece of machine.
The majority of lending institutions, not just the major banks, prefer to guarantee loans against an asset. If you’re having trouble paying back the loan, then the asset might be taken over by the lender. In essence it is an opportunity to secure new financing making use of the value of what you already have.
For loans up to $150,000 it is not necessary to secure assets prior to the loan’s access, however we do need an individual guarantee. As long as you follow the loan terms (as detailed in your loan contract document) Asset security will never be needed. For loans over $150,000 typically, you will need the option of a personal guarantee and security in the form a charge over assets.
