The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Looking for more funding? Take a look at the guidelines for eligibility for our $100K-$500K business financing.
All that is needed for starting is your contact information (the name of your company, your name, email and telephone) and the amount 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 to get started:
Additionally after we get started, for loans greater than $150,000 you will also require fundamental financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow-friendly repayments which can be made daily or weekly.
Apply for your Small Business Loan in under 10 minutes online or on the phone. You’ll receive a same day response and have the funds available in just 24 hours. Traditional company loans reference an interest rate per annum as well as other fees and charges. We offer a company loan is a pre-paid loan which means you know ahead of time the total amount payable including any fees, charges or charges. This is then broken down into a daily or weekly payment amount.
It is a Small Business Loan can be used for virtually any business need, such as control of cash flow business remodels and marketing for purchasing inventory or new equipment, for general working capital and so 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 business expansion opportunities. Loans range from $100,000 to $500,000 over a fixed term for up to 36 months. The repayments are made weekly or fortnightly depending on you cashflow.
It is important to note that the Larger Business Loan has an Origination Fee which is determined at 2.5% of the loan amount.
To qualify for a loan of this size the company needs to be trading for at least 3 years, and have an annual income of at least $700K. Your company must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A larger company loan can be used to fund almost any company reason, such as company renovations, purchase of equipment or inventory as well as for general working capital, and much more. The loan cannot be used for personal reasons.
Asset security is necessary for accessing funds over $150,000. This can be done by way of charge over assets, and could include the registration of this on the PPSR or making a caveat.
A director’s or personal ensure is a guarantee to pay off a credit line that is general in nature rather than stipulating the security for a particular asset. The person who is signing the guarantee is personally responsible if the company creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including items or assets). The PPSR allows the priority of personal property granted depending on the date that a security interest that is registered.
An affidavit is an official document lodged to provide the legal claim to property.
If you’re requesting the Larger Business Loan that is greater than $250,000 we can 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 6 hours of your initial application. The pre-approval process is based on an initial assessment, which involves you answering some financial health checks. This is in no way an offer, nor is it a guarantee of finance. Unconditional approval is subject to a full credit assessment and any offer you are offered could be based on different terms.
You may be eligible for an company loan if you:
The application process is quick and easy. Just fill out the online application within a couple minutes, and a dedicated company loan specialist will contact you to guide you.
To be eligible for up to $100,000 you’ll require identification details (valid Driver’s Licence) along with a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K – $250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K-$500K: Application details including credit consent as well as 12 month bank accounts, the IRD statement Last 2 years’ finalised financial statements, as well as interim current financial year financials as well as Aged Payables and Receivables summary.
For an unsecured loan ($5K and up) we usually offer a response in one hour if you make your application during quality business timings and let us make use of the advanced bank verification system to instantly verify your bank’s information online. If you decide to submit copies of your bank statements , we are able to offer a decision in as little as 1 company day.
For the Larger Business Loan ($100K and up) we may be capable of offer the conditional pre-approval in around six hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval. However, this can be quicker based on the circumstances of each application. Some offers have been approved within less than 24 hours.
The fastest way is to ensure you apply during standard company hours, and let us use the advance bank verification link to check your bank’s information online. If you opt to upload copies of your bank accounts, it may take a bit longer.
For the Small Business Loan ($5K to $100K) we can often offer an answer in just one hour – provided you apply within standard business timings and allow us to use the advanced bank verification system to instantly verify your bank details online. If you decide to upload copies of your bank statements, we will be able to offer an answer in just one business day.
For Larger Business Loans ($100K or more) we might be likely to offer you with a conditional pre-approval in about six hours. Once you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval, however this may be quicker depending on the specifics of each application. Some agreements have been approved in 24 hours.
The quickest method is to ensure you apply during normal business hours, and permit us to use the advance bank verification link to instantly verify your bank account information online. If you choose to upload the copies of bank statements it may take a bit longer.
We provide loan amounts between $5,000 to $500,000. When you submit an application for a particular amount, we will consider a number of elements that determine the health for your business and the level of payments your company can support. The amount you receive from your loan will be contingent on the particular circumstances for your business.
If you apply for a specific amount we will consider a number of elements to assess the well-being for your business and the amount of payments your business will be able to support. The total amount of your loan will be contingent on the specifics of your company.
If you decide to apply for business loans with us company loan, we will assess the risk assessment for your business and offer an individualised offer that includes the loan amount, the terms and interest rates. It is a company loan is an upfront cost loan therefore you will know the exact amount payable including any costs, fees, or interest rates.
Business loan interest rates depend on a variety of factors such as the amount that is of money borrowed, the company assets the funds are used to purchase in addition to the industry that the business operates in, the long the business has been operating, whether the company has sufficient cash flow to pay for the loan, and the general well-being or financial standing of the business.
There aren’t any hidden charges for our company loans, and you’ll know precisely what you need to pay, and when, right from the first day. There’s no compounding interest and the loan comes with no additional fees (as long as you make your payments on time).
We do not charge an Application Fee. You are able to get a cash loan with with no upfront cost or commitment to apply.
The Origination Fee covers the expenses involved in establishing and managing the loan. The only way to pay this fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the amount of the loan.
You can decide to repay all of your loan early at any time.
If you do decide to do this please call our helpful company loan professionals. They will provide you with details for repayment along with an early payout estimate. It will be calculated using the total of the principal remaining and the accrued interest up to the time of early payout, plus 1.5 percent of the principal amount remaining plus any outstanding fees.
To ensure you do not miss payment dates and to align your cash flow schedule, we provide repayments either weekly or daily. They are automatically deducted from your nominated business account.
Protecting your information, and being upfront about how we collect, use, exchange and secure your information, is of huge importance and an integral element of our relationship with you.
Yes. We make use of industry-standard encryption techniques to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our dedication to protecting the security of customers and privacy. We use an advanced bank verification system that allows you to immediately confirm your bank account information online. This allows us to provide quick responses.
The term "asset-based" refers to borrowing where the company owner uses assets they own to secure the loan. The asset can be an individual asset, such as the family home, or it could be a company asset such as a truck or other piece of machinery.
The vast majority of lending institutions, even the big banks, tend to secure loans against assets. If you’re having trouble paying back the loan, your assets could be offered for sale by the lender. In essence, it is the process of securing new financing using the worth of the asset you already have.
For loans up to $150K there is no requirement for asset security before you are able to access the money, however we require a personal guarantee. need an individual guarantee. As long as you follow your loan obligations (as stated in your loan contract document), asset security will never be required. For loans over $150K generally there is a personal ensure and security in the form of a charge over assets.
