The requirements for getting an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Are you looking for additional funding? Check out the conditions of eligibility for our $100K to $500K business loan.
All that’s needed to get started is your contact details (the name of your company and your name, as well as email, phone), how much you want to borrow, and your monthly revenue.
Through the process and before settlement we’ll require confirmation of who you are but not to get started:
After we start in the process, for loans that exceed $150,000, you’ll also require basic financial statements:
Let’s get started now.
Brisbane unsecured loans provides amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months and cash flow friendly repayments that are either daily or weekly.
You can apply for your Small Business Loan in under 10 minutes by phone. You will receive an answer within the same day and the funds could be in your account within 24 hours. Traditional business loans have an annual interest rate as well as other fees and charges. Our business loan is a loan that is priced upfront therefore you’ll be aware in advance of the total amount payable including any interest, fees or charges. Then, it is broken down into either a daily or weekly amount to be paid back.
It is a Small Business Loan can be used for virtually every company purpose including managing cash flows, business remodels and marketing, to purchase inventory or new equipment, for general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans range between $100,000 and $500,000 with a fixed-term that can last up to 36 months. Repayments are either weekly or fortnightly depending on the flow of cash.
This Larger Business Loan has an Origination Fee that is determined at 2.5% of the loan amount.
In order to be eligible for a loan in this amount, your business needs to have been operating for a minimum of 3 years and have an annual turnover of $700K. Your company must belong to a New Zealand Citizen (or Permanent Resident) over 18 years, own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A large business loan can be used for nearly all company purpose including company renovations, purchase of inventory or new equipment for general working capital, and much more. The loan cannot be used for personal use.
Asset security is required for funding of more than $150,000. This is by taking a charge against assets, and may include registering this with the PPSR or making a caveat.
A director’s or personal ensure is a guarantee to repay credit that is generally based rather than defining security over an asset. The person who is signing the ensure is personally liable if 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 reflects security interests that are registered for personal property (including goods or assets). The PPSR allows preference over private property assigned according to the date a security interest that is registered.
A caveat is a legal document filed to offer notice of a legal claim to a property.
If you’re applying for the Larger Business Loan that exceeds $250,000, we may offer an initial pre-approval in order to ease the process. We might be able to apply for this without a credit verification and within 6 hours of the initial application. The pre-approval process is based on an initial assessment, which involves answering a couple of financial health checks. This is not an offer of credit or guarantee of funds. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer you are offered could be on different terms.
You are eligible to apply for an business loan if you:
The process for applying is fast and simple. Just fill out the online application in few minutes and a dedicated company expert in lending will be in touch to guide you through the process.
To be eligible for up to $100,000, you’ll require the right identification documents (valid Driver’s Licence), a valid NZBN/IRD as well as at least 6 months of bank statements.
For larger loan sizes, you’ll also need:
$100K – $250K: Application requirements, including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Information on the application including credit consent as well as 12 month bank accounts, the IRD statement and the last two years’ finalised financial statements, and interim financial statements for the current year including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K and up) We can usually provide an answer within an hour if you submit your request within standard company times and you allow us to utilise the bank verification system link to instantly verify your bank’s information online. If you want to upload copies of your bank statement, we’ll offer an answer within 1 business day.
For the Larger Business Loan ($100K or more) we may be likely to provide the conditional pre-approval in about six hours. After you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval, however it could be faster based on the particular circumstances of each application. Certain deals have been approved within 24 hours.
The fastest way can be make sure you apply during standard business hours. You can also allow us to use the modern bank verification to verify your bank account information online. If you choose to upload the copies of bank statements , it takes a bit longer.
For the Small Business Loan ($5K and up) we typically offer an answer within one hour, provided you submit your request during normal business times and allow us to utilise the advanced bank verification system to instantly verify your bank information online. If you want to upload copies of your bank statements, we are able to offer a decision within an business day.
If you are applying for Larger Business Loans ($100K and up) We may be in a position to offer you with conditional pre-approval within 6 hours. Once you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval, however this could be shorter based on the particular circumstances of each application. Some offers have been approved in just 24 hours.
The fastest method for you to apply is ensure you apply during standard business hours and permit us to use the modern bank verification link to instantly verify your bank account information online. If you upload the copies of bank statement, it can take a bit longer.
We provide loans ranging from $5,000 to $500,000. When you submit an application for a certain amount we will consider a number of factors for determining your health of the business and the amount of repayments your business is able to afford. The total amount of your loan will depend on the specific circumstances of your company.
If you apply for a particular amount, we will consider a number of aspects to assess how much we can lend you such as well-being of your business and the extent of repayments that your company will be able to support. The total amount of your loan will be determined by the specifics for your business.
If you decide to make an application for our business loan, we’ll assess the risk assessment that you have for your business 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 which means you know in advance the total amount due, which includes any costs, fees, or interest rates.
Business loan interest rates depend on a variety of factors like the amount of money borrowed, what business assets the money are used to purchase as well as the field the company operates in, how long the company has been operating for, whether the business has sufficient cash flow to pay for the loan, and also the general health or financial standing of the company.
There are no hidden fees with our business loans. You’ll know exactly how much you’ll need to pay and when, from the first day. There’s no compounding interest and there are no additional charges (as long as you make your payments punctually).
We don’t charge an Application Fee. You are able to request a credit loan with with no upfront cost or obligation to proceed.
The Origination Fee covers the costs associated with establishing and managing the loan. This is only a fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the loan amount.
You can repay the entire amount of the loan at any point in time.
If you choose to do this please speak to our friendly business lending experts. They will offer you with details on repayment and an early payout figure. This will be calculated as the total of the remaining principal amount and the accrued interest up to the time of early payout, plus 1.5 percent of the principal remaining and any outstanding fees.
In order to help you avoid missing due dates and also to be in line with your cash flow routine, we provide repayments either daily or weekly. They will be automatically deducted from your company account.
Protecting your information, and knowing the ways we gather data, process, exchange and safeguard your data, is of paramount importance and is a crucial part of our relationship you.
Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal financial information and our funders are ISO 27001 certified for our dedication to security for our clients and privacy. We utilise a sophisticated banking verification system to instantly confirm your bank account information online. This allows us to offer rapid response.
The term "asset-based" refers to borrowing where an business owner borrows from assets they own to get a loan. The asset could be an individual property, such as the family home or it could be a business asset like a truck or piece of equipment.
The vast majority of lenders, not just the big banks, tend to guarantee loans against assets. If you have trouble paying back the loan, then the asset might be taken over by the lender. In essence, it is a way of securing new funding using the worth of the asset you already have.
For loans that exceed $150,000, the requirement for asset security is not required before you are able to access the money, however we require a personal guarantee. need the personal guarantee. So long as you comply with the terms of your loan (as specified in your loan contract) the security of assets is not needed. If you take out loans in excess of $150K generally, you are able to get the option of a personal guarantee and security in the form charges on assets.
