The eligibility requirements for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Need more funds? Find out the guidelines for eligibility for our $100K-$500K company credit.
All that is needed to start is your contact information (company name, your name, email or phone number), how much you’d like to borrow and your monthly revenue.
Through the process and before settlement we’ll require confirmation of who you are but not before we can begin:
Once we’ve started with loans that exceed $150,000, you will also need the following financial statements:
Let’s get started now.
Brisbane unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 months, cash flow friendly repayments which can be made daily or weekly.
Apply to the Small Business Loan in under 10 minutes via the internet or by phone. You will receive an answer within the same day and the funds could be available in just 24 hours. Traditional business loans reference an annual rate of interest as well as other fees and charges. We offer a company loan is an upfront priced loan which means you be aware in advance of the total amount payable including the interest, fees and charges. Then, it is divided into a daily or weekly amount to be paid back.
A Small Business Loan can be used for almost every business reason, such as managing cash flows, company renovations, marketing to purchase inventory or new equipment, to fund general working capital and much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger amount of loan to help business growth opportunities. Loans range between $100,000 and $500,000 with a fixed-term that can last up to 36 months. Repayments are weekly or fortnightly to work with your situation.
The Larger Business Loan has an Origination Fee that is determined at 2.5% of the amount of the loan.
To qualify for a loan in this amount the business needs to be trading for at least 3 years and generate an annual revenue of $700K. Your company must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A Larger Business Loan can be used to fund almost all company purpose including business improvements, purchasing new equipment or inventory or as general working capital, and much more. The loan is not available for personal use.
Asset security is necessary to obtain funding above $150,000. It’s as a result of an charge on assets, and could include registration through the PPSR or making a caveat.
A personal or director’s ensure is a guarantee to pay off a credit line that is generally in nature rather than defining the security of a specific asset. The person who signs the ensure is personally responsible if the business the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It contains security interests registered in respect of personal property (including goods or assets). The PPSR gives the priority of personal property assigned in accordance with the date on which a security interest was registered.
An affidavit is an official document filed to provide notice of a legal claim to a property.
If you’re applying for larger company loans of $250,000 or more, we may offer an initial pre-approval in order to smooth out the process. We might be able to make this decision without a credit verification and within 6 hours of your initial application. The pre-approval is based upon an initial evaluation that involves the answer to a series of financial well-being questions. It is not an offer of credit or guarantee of finance. Unconditional approval is subject to a full credit assessment and any offer that you are offered could be on different conditions.
You may be eligible for a company loan if you;
The application process is fast and simple. Complete the online form within a few minutes and a dedicated company loan specialist will contact you to guide you.
To apply for up $100,000 you’ll require proof of identity (valid Driver’s License), an active NZBN/IRD, and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K-$250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K-$500K: Information on the application including credit consent and 12 months of bank records, IRD statement Last 2 years’ finalised financial statements, as well as interim current financial year financials, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K or more) We can usually offer an answer within an hour, provided you submit your request within standard company times and allow us to utilise the bank verification system to instantly verify your bank details online. If you opt to submit copies of your bank statements we can offer an answer in just one business day.
For the Larger Business Loan ($100K to $500K) we may be in a position to offer you with pre-approval conditional to your application within 6 hours. Once you have signed the pre-approval document, you will need to wait around 2-3 days for final approval. However, it could be faster based upon the circumstances for each application. Certain deals have been approved in the space of 24 hours.
The quickest method for you to apply is ensure you apply during normal company hours. Also, allow us to use the advance bank verification link to confirm your bank details online. If you opt to send us duplicates of your banking accounts, it may take a bit longer.
For the Small Business Loan ($5K to $100K) we typically provide an answer in just one hour – provided you submit your request in normal business times and permit us to use 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 1 business day.
For the Larger Business Loans ($100K or more) we may be likely to offer you with conditional pre-approval in around 6 hours. Once you’ve signed your pre-approval document, you will need to wait approximately 2-3 days to receive final approval. However, this could be shorter based upon the circumstances for each application. Certain agreements have been approved in less than 24 hours.
The fastest way can be make sure you apply during standard business hours, and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you choose to send us duplicates of your banking accounts, it will take a little longer.
We provide loans that range from $5,000 to $500,000. If you apply for a specific amount we take into consideration a range of aspects in order to assess your well-being that is your business and the extent of payments your business can afford. The amount you receive from the loan will be determined by the particular circumstances that are unique to your business.
When you submit an application for a set amount, we look at a range of variables to determine your well-being of your business as well as the amount of payments your company can support. The total amount of your loan will be determined by the particulars of your business.
When you apply for one of our business financing, we will assess the risk profile that you have for your company and provide an individualised proposal that includes the amount of loan, the term and the interest rates. A company loan is a loan that is priced upfront and you’ll know in advance the total amount due, which includes any charges, interest rates or fees.
The interest rates on company loans rates differ based on various factors such as the amount that is borrowed, what business assets the money will be used for in addition to the industry that the business is in, how long the company is in operation and in the event that the business has enough cash flow to support the loan, as well as the general well-being or creditworthiness of the business.
There aren’t any hidden costs with our business loans, and you’ll know precisely what 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 are able to make your payments on time).
We don’t charge an application fee. You can make an application for loans with absolutely no upfront cost and no the obligation to take action.
The Origination Fee includes the expenses associated with setting up and managing the loan. You are only charged this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percent of the loan amount.
You can repay the entire amount of the loan early at any time.
If you do decide to take this route, please speak to our friendly business credit professionals. They will provide you with repayment details and an early payment figure. It will be calculated using the total of the principal amount remaining plus any accrued interest as of the date of early payout in addition to 1.5% of the principal amount remaining plus any outstanding fees.
In order to help you avoid missing payments and to work with your cash flow cycle we provide repayments either daily or weekly. These are automatically deducted from the nominated business account.
Security of your data, and knowing the ways we gather the information we collect, use, share and protect your information, is of paramount importance and is a crucial element of our relationship with you.
Yes. We use industry recognised encryption standards to protect your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our commitment to customer security and privacy. We use an advanced bank verification system link to instantly verify your bank account information online so we can provide an immediate response.
The term "asset-based" refers to borrowing where an company owner uses an asset that they own to secure the funds for a loan. The asset can be an individual asset, such as the family home, or an business asset such as a vehicle or piece of equipment.
The vast majority of lenders, even the major banks, prefer to guarantee loans against assets. If you are having difficulty paying back the loan then the asset might be transferred to the lender. In essence, it’s means of securing new financing using the worth of the asset you already own.
Up to $150K in loans there is no requirement for asset security prior to the loan’s access however, we do need the personal guarantee. In the event that you fulfill the loan terms (as stipulated in your loan contract document) the security of assets is not needed. For loans of over $150K generally there is a personal guarantee and security is provided in the form of the charge of assets.
