The requirements for obtaining an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Looking for more funding? Take a look at the eligibility requirements for our $100K-$500K business loan.
All that is needed to begin is your contact information (company name and your name, as well as email, phone) along with the amount you’d like to borrow, and your monthly income.
Through the process and before settlement we will require confirmation of your identity but not before we can begin:
In addition, once we have started in the process, for loans of more than $150,000 you’ll also require basic financial statements:
Let’s get started.
Brisbane unsecured loans provides the range of $5,000 to $100,000. The terms range between 3 and 24 months and cash flow-friendly repayments which can be made daily or weekly.
The application for the Small Business Loan in under 10 minutes over the phone, receive an answer within the same day and have the funds available in just 24 hours. Traditional business loans refer to an annual interest rate plus other fees and charges. This company loan is a cash-based loan which means you be aware of the total amount to be paid, including any interest, fees or charges. Then, it is broken down into either a daily or weekly installment amount.
The Small Business Loan can be used for nearly every business need, such as the management of cash flow, business renovations, marketing to purchase inventory or new equipment, or as general working capital, and much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger amount of loan to help business growth opportunities. Loans are between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are weekly or fortnightly to work with you cashflow.
A Larger Business Loan has an Origination Fee, which is calculated at 2.5 percentage of the amount of the loan.
To qualify for a loan in this amount the business needs to be operating for a minimum of 3 years and have an annual turnover of $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of continuous trading.
A Larger Business Loan can be used for nearly all business purpose including company remodeling, buying inventory or new equipment or as general working capital and much more. The loan cannot be used for personal use.
Asset security is necessary for funding of more than $150,000. This can be done as a result of an charge on assets, and may include registration with the PPSR or making a caveat.
A director’s or personal ensure is a commitment to pay off a credit line that is general in nature rather than defining security over an asset. The person who is signing the ensure is personally liable in the event that 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 grants priority over personal property to be assigned according to the date a registration of a security interest.
Caveats are legal document filed to offer the public notice of a legal claim to property.
When you’re applying for a Larger Business Loan of more than $250K we may be able to provide an initial pre-approval that will help smooth out the process. We could be able to apply for this without a credit verification and within six hours of your initial application. The pre-approval process is based on an initial assessment, which involves answering a couple of financial health questions. It is in no way an offer, nor is it a guarantee of credit. A conditional approval is subject a full credit assessment and any offer that you receive could be subject to different conditions.
You can apply for a business loan if you;
The application process is fast and simple. Simply complete the online form in just a few minutes, and a dedicated company lending specialist will call you to assist you.
To apply for up to $100,000, you’ll require ID details (valid Driver’s License) along with an active NZBN/IRD, and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K-$250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K-$500K: Details of the application, including credit consent and 12 months bank statement, an IRD statements and the last two years’ finalised financial statements, in addition to interim financial statements for the current year as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K and up) we can often provide an answer within one hour – as long as you make your application at standard business hours and let us make use of the advanced bank verification system to immediately verify your bank account information online. If you choose to send us copies of your bank statements we can offer the decision in as little as an business day.
For Larger Business Loans ($100K or more) we may be in a position to offer the conditional pre-approval within 6 hours. After you’ve signed your pre-approval, the turnaround time is around 2-3 days for final approval. However, this could be shorter based on the circumstances of each application. Some offers have been approved within less than 24 hours.
The quickest way to apply can be ensure you apply during normal company hours and allow us to use our advance bank verification link to verify your bank account information online. If you send us documents from your account statement, it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we usually offer a response in one hour – as long as you apply in normal business time and let us use the advanced bank verification system to instantly verify your bank details online. If you decide to upload copies of your bank statements, we’ll be able to offer a decision within 1 business day.
If you are applying for Larger Business Loans ($100K up to $500,000) We may be likely to offer you with conditional pre-approval in about six hours. Once you’ve signed the pre-approval form, it will take about 2-3 days for final approval, however this can be faster depending upon the circumstances for each application. Some transactions have received approval in just 24 hours.
The fastest method for you to apply is ensure you apply during standard business hours, and allow us to use the advance bank verification to instantly verify your bank account information online. If you decide to upload documents from your account statements it will take a little longer.
We offer loans ranging from $5,000 to $500,000. If you apply for a specific amount we will consider a number of elements that determine your well-being that is your business as well as the amount of payments your business can support. The total amount of the loan will be determined by the specifics of your company.
When you submit an application for a set amount, we look at a range of factors to assess how much we can lend you such as health of the business as well as the amount of repayments your business can afford. The total amount of your loan will depend on the specifics the company.
If you decide to make an application for one of our company loans, we will assess the risk profile the business and provide you with a tailored offer, including the loan amount, the terms and interest rates. It is a company loan is a loan that is priced upfront therefore you will be aware in advance of the total amount to be paid, including any costs, fees, or interest rates.
The interest rates on company loans rates differ based on various variables like the amount to be that is borrowed, what business assets the funds will be used for, the industry the company operates in, the long the company is in operation as well as what percentage of the company has sufficient cash flow to support the loan, and the general health or creditworthiness of the business.
There are no hidden costs with our company loans. You’ll know precisely how much you’ll need to pay and when, starting from the day you sign up. There’s no compounding interest and no additional fees (as as you make your payments punctually).
We don’t charge an Application Fee. You are able to apply for a loan no cost upfront or commitment to apply.
The Origination Fee covers the costs associated in establishing and managing the loan. This is only a cost if you take out the loan. Our Origination Fee is 2.5% of the amount of the loan.
You can choose to repay the entire amount of your loan early at any time.
If you choose to pursue this option, please call our helpful company credit experts. They’ll provide you with the details of your repayment along with an early payout estimate. The figure will be calculated as the sum of the principal remaining and any accrued interest at the time of early payout, plus 1.5% of the principal amount remaining as well as any outstanding fees.
In order to help you avoid missing due dates and also to be in line your cash flow schedule, we provide payments that are either weekly or daily. They will be automatically deducted from your designated business account.
Protecting your information, and making it clear the ways we gather data, process, exchange and secure your information, is of huge importance and an integral element of our relationship with you.
Yes. We utilise industry-recognised encryption protocols to safeguard your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our dedication to the security of our customers as well as their security. We use an advanced bank verification system to immediately verify the bank account details online to provide rapid response.
Asset-based borrowing is when the business owner borrows from an asset that they own to obtain a loan. The asset can be an individual property, such as the family home or an company asset such as a vehicle or other piece of machinery.
The vast majority of the lenders not just the big banks, tend to make loans secured by an asset. If you have trouble paying back the loan then your asset may be offered for sale by the lender. In essence it is the process of securing additional financing using the worth of the asset you already have.
Up to $150,000 in loans the requirement for asset security is not required upfront to access the money However, we do require the personal guarantee. If you adhere to the terms of your loan (as specified in your loan contract document), asset security will never be required. If you take out loans in excess of $150K typically, you will need the option of a personal guarantee and security is provided in the form of an asset charge.
