The eligibility requirements for an unsecured business loan in Brisbane of between $5K and $100K is fairly low.
Looking for more funding? Find out the eligibility requirements for our $100K-$500K company loans.
All that’s required to get started is your contact details (company name, your name, email and phone) along with the amount you’d like to borrow, and your monthly earnings.
In the course of the process and before settlement we will need confirmation of who you are, but not before we can begin:
Additionally after we get started, for loans greater than $150,000 you’ll also need the following financial statements:
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Brisbane unsecured loans offers the range of $5,000 to $100,000, with terms ranging from 3 and 24 months, cash flow friendly repayments which can be made daily or weekly.
You can apply for your Small Business Loan in under 10 minutes online or on the phone. You’ll receive an answer within the same day and the funds could be on your account within 24 hours. Traditional business loans refer to an annual rate of interest plus other fees and charges. We offer a business loan is an upfront priced loan and you’ll be aware of the amount you will have to pay, including any fees, interest or charges. This is then divided into a daily or weekly installment amount.
A Small Business Loan can be used to fulfill almost every company purpose including control of cash flow business remodels and marketing to purchase inventory, new equipment, for general working capital and so much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger amount of loan to help business expansion opportunities. Loans range between $100,000 and $500,000 with a term fixed for up to 36 months. Repayments are weekly or fortnightly, depending on the flow of cash.
It is crucial to note that the Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the amount of the loan.
To be eligible for a credit that is this large the company needs to have been operating for at least three years, and have an annual income of at least $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able of proving at minimum 12 months of business.
A large business loan can be used for almost all business purpose including company remodeling, buying inventory or new equipment as well as for general working capital and much more. The loan is not available for personal reasons.
Asset security is required for funding of more than $150,000. This can be done in the form of a charge on assets, and may include registering this in the PPSR or registering a caveat.
A director’s or personal ensure is a commitment to repay credit that is generally in nature rather than stating the security for a particular asset. The person signing the ensure is personally accountable if the business the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It records security interests that have been that are registered for personal property (including objects or assets). The PPSR gives the priority of personal property granted depending on the date that a security interest that is registered.
A caveat is a legal document filed to offer the public notice of a legal claim to property.
If you’re applying for an enterprise loan that is greater than $250K we can offer an initial pre-approval to smooth out the process. It is possible to apply for this without a credit check, and within 6 hours of your initial application. This pre-approval is based on an initial assessment that includes answering a couple of financial well-being questions. This is not an offer 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 be eligible for a company loan if you:
The application process is fast and simple. Simply complete the online form within a couple minutes, and a dedicated company lending specialist will contact you to guide you.
To apply for up $100,000 you’ll need identification details (valid Driver’s License) and a valid NZBN/IRD as well as at least 6 months of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K-$250K: Details of application, including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K-$500K: Application details including credit consent, 12 month bank accounts, the IRD statement and the last two years’ finalised financial statements, and interim current financial year financials as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K up to $100,000) we typically offer an answer within one hour, provided you submit your request in quality business time and permit us to make use of the advanced bank verification system link to instantly verify your bank details online. If you choose to send us copies of your bank statements we can offer an answer in as little as an company day.
For the Larger Business Loan ($100K up to $500,000) we could be likely to offer the conditional pre-approval in about six hours. Once you’ve signed the pre-approval document, you will need to wait around 2-3 days for final approval. However, this could be shorter based on the particular circumstances of each application. Some transactions have received approval in 24 hours.
The fastest way can be ensure you apply during normal company hours. You can also let us use the advanced bank verification system to verify your bank information online. If you decide to send us documents from your account accounts, it can take a bit longer.
For the Small Business Loan ($5K or more) we can often offer an answer within an hour – provided you submit your request in standard business time and permit us to use the advanced bank verification system link to instantly verify your bank’s information online. If you opt to submit copies of your bank statements, we will be able to offer a decision in just one business day.
For Larger Business Loans ($100K to $500K) we may be able to provide you with pre-approval conditional to your application within 6 hours. Once you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this can be faster depending on the particular circumstances of each application. Certain transactions have received approval within the space of 24 hours.
The fastest method would be to make sure you apply during normal business hours and allow us to use our advance bank verification to instantly verify your bank information online. If you opt to send us the copies of bank accounts, it may take a bit longer.
We offer loans ranging from $5,000 to $500,000. If you apply for a certain amount, we take into consideration a range of variables that determine the health that is your company and the level of payments your company can afford. The total amount of your loan will depend on the specifics for your company.
If you apply for a certain amount, we will consider a number of variables to assess your health of your business and the amount of repayments your company can afford. The amount you receive from the loan will be determined by the specific circumstances of your business.
If you decide to request business loans with us company loans, we’ll assess the risk profile the business and offer you with a customised offer, including loan amount, term and interest rates. The company loan is an upfront priced loan which means you know the exact amount due, which includes any charges, interest rates or fees.
Interest rates for business loans rates depend on a variety of factors such as the amount that is borrowed, what company assets the money will be used for in addition to the industry that the business is in, how long the company has been operating and what percentage of the company has enough cash flow to cover the loan, and also the general well-being or financial standing of the company.
There are no hidden costs with our business loans. You’ll know precisely how much you’ll be required to pay and when, right from the day you sign up. There’s no compounding interest, and there are no additional charges (as long as you make your payments in time).
We do not charge an application fee. You can request a credit loan 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. The only way to pay this cost if you take out the loan. Our Origination Fee is 2.5% of the amount of loan.
You can choose to repay the entire amount of your loan at any point in time.
If you decide to do this please speak to our friendly company loan experts. We will offer you with details for repayment along with an early payout estimate. It will be calculated using the total of the principal balance and the accrued interest up to the time of early payment and 1.5% of the principal balance and any fees that remain unpaid.
In order to help you avoid missing payment dates and to align with your cash flow cycle we offer repayments that are either daily or weekly. They will be automatically deducted from your company account.
Security of your data, and being transparent about how we collect data, process, exchange and secure your information, is crucial and is an essential element of our relationship with you.
Yes. We make use of industry-standard encryption standards to secure your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our commitment to protecting the security of customers and security. We use an advanced bank verification system link to instantly verify your bank account details online to provide rapid response.
The term "asset-based" refers to borrowing where a business owner borrows from the assets they have to get a loan. The asset could be an individual property, such as the family home or an company asset such as a vehicle or other piece of machinery.
The majority of the lenders not just the big banks, tend to secure loans against assets. If you’re struggling to pay back the loan, your asset may be offered for sale by the lender. In essence it is means of securing new funding using the value of what you already have.
For loans of up to $150,000, it is not necessary to secure assets in advance to gain access to the funds however, we do need the personal guarantee. In the event that you fulfill your loan obligations (as specified in your loan contract), asset security is not required. For loans that exceed $150,000, generally there is an individual ensure and security is provided in the form of an asset charge.
