The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Need more funds? Review the eligibility requirements for our $100K-$500K company loans.
All you need to start is your contact information (company name, your name, email, phone) along with the amount you’d like to borrow and your monthly income.
Through the process and before settlement we will need confirmation of who you are but not to get started:
In addition, once we have started with loans over $150,000 you will also need the following financial statements:
Let’s get started.
Brisbane unsecured loans provides amounts between $5,000 and $100,000 with terms between 3 and 24 months and cash flow friendly repayments that are either per day or weekly.
Apply to your Small Business Loan in under 10 minutes online or by phone. You will receive an immediate response, and funds may be in your account in 24 hours. Traditional company loans reference an annual interest rate together with additional fees and charges. We offer a business loan is a loan that is priced upfront which means you know in advance the total amount payable including the interest, fees and charges. Then, it is broken down into weekly or daily installment amount.
A Small Business Loan can be used for nearly every business purpose including control of cash flow business remodels and marketing for purchasing inventory or new equipment, for general working capital and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger loan size to support company growth opportunities. Loans range between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are either weekly or fortnightly in order to accommodate the flow of cash.
This Larger Business Loan has an Origination Fee, determined at 2.5% of the loan amount.
To be eligible for a credit in this amount the company needs to have been operating for at least three years and have an annual turnover of at least $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.
A large company loan is a great option for almost all business purpose including business renovations, to purchase inventory or new equipment as well as for general working capital and so much more. The loan cannot be used for personal purposes.
Asset security is needed to obtain funding above $150,000. It’s by taking a charge over assets, and may include registering this with the PPSR or registering a caveat.
A personal or director’s guarantee is a guarantee to pay back a loan that is general in nature, rather than defining the security for a particular asset. The person who is signing the ensure is personally liable in the event that the company lender is not able to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including goods or assets). The PPSR permits preference over private property assigned according to the date the security interest was registered.
A caveat is a legal document filed to provide an official notice of a claim on a property.
If you’re applying for a Larger Business Loan of $250,000 or more, we may offer an initial pre-approval in order to make the process. We may be able to get this done without a credit check and within 6 hours of your initial application. This pre-approval is based on a preliminary assessment which includes you answering a few financial health checks. This is not an offer of credit or guarantee of funds. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you are offered could be based on different conditions.
You can apply for a company loan if you
The application process is simple and simple. Just fill out the online application in just a few minutes, and a dedicated company expert in lending will be in touch to assist you.
To apply for up $100,000 you’ll require the right identification documents (valid Driver’s Licence) and a valid NZBN/IRD as well as at least six months of bank statements.
For larger loan sizes, you’ll also require:
$100K to $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, 12 months of bank statements, IRD statement and the last two years’ finalised financial statements, and interim financials from the current financial year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K or more) we can often provide a response in one hour if you apply within quality company time and you allow us to make use of the advanced bank verification system to immediately verify your bank account information online. If you want to upload copies of your bank statements we can provide the decision in just 1 company day.
If you are applying for a Larger Business Loan ($100K and up) we might be capable of offer the conditional pre-approval in about 6 hours. After you’ve signed your pre-approval document, you will need to wait between 2 and 3 days for the final approval. However, this can be quicker based on the particular circumstances of each application. Certain offers have been approved within 24 hours.
The quickest method for you to apply is ensure you apply during standard company hours and allow us to use the advanced bank verification system to verify your bank information online. If you decide to send us duplicates of your banking statements , it may take a bit longer.
For the Small Business Loan ($5K and up) We can usually provide an answer within an hour – provided you apply at standard business time and permit us to use the bank verification system to immediately verify your bank account information online. If you want to submit copies of your bank statements we can provide the decision in just an business day.
If you are applying for Larger Business Loans ($100K or more) we could be likely to offer you with a conditional pre-approval within 6 hours. Once you’ve signed your pre-approval document, you will require to wait approximately 2-3 days to receive final approval, however this may be quicker depending on the circumstances of each application. Certain agreements have been approved within just 24 hours.
The fastest method can be ensure you apply during standard business hours. Also, allow us to use the advance bank verification link to check your bank’s information online. If you choose to upload duplicates of your banking accounts, it may take a bit longer.
We offer the loan amount between $5,000 and $500,000. When you submit an application for a certain amount we look at a variety of elements for determining the health of your company and the level of repayments that your company can support. The total amount of the loan will be determined by the particular circumstances the business.
When you apply for a certain amount, we look at a range of factors to assess how much we can lend you such as well-being of the company and the level of repayments your company is able to afford. The amount you receive from your loan will be determined by the specifics of your company.
If you decide to request one of our company financing, we will assess the risk profile the company and offer an individualised offer, including loan amount, term and the interest rates. This company loan is a loan that is priced upfront which means you be aware of the total amount you will have to pay, including costs, fees, or interest rates.
Interest rates for business loans rates differ based on various variables like the amount to be borrowed, what business assets the funds are used to purchase and the sector the business is operating in, how long the company has been running for, what percentage of the company has enough cash flow to support the loan, as well as the general well-being and creditworthiness of the company.
There are no hidden fees for our business loans. You’ll know precisely how much you’ll need to pay, and when, starting from day one. There’s no compounding interest, and no additional fees (as long as you are able to make your payments punctually).
We don’t charge an application fee. You can request a credit loan with with no upfront cost or any obligation to sign up.
The Origination Fee includes the expenses associated with the setting up and management of the loan. It is only charged for 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 your advance loan at any time.
If you choose to do this please contact our helpful company credit specialists. They will offer you with repayment details as well as an early payout amount. This will be calculated as the total of the principal balance and any accrued interest at the time of the early payout in addition to 1.5% of the principal balance plus any outstanding fees.
To help you avoid missing payments and to work with your cash flow cycle we provide payments that are either weekly or daily. These are automatically withdrawn from the nominated business account.
Protecting your information, and being clear about how we collect data, process, exchange and ensure the security of your information is crucial and a vital part of our relationship you.
Yes. We utilise industry-recognised encryption standards to protect your personal, sensitive financial information and our funders are ISO 27001 certified for our commitment to security for our customers and security. We use an advanced banking verification system to instantly verify your bank account information online, allowing us to offer an immediate response.
Asset-based borrowing is when a company owner makes use of an asset that they own to obtain the funds for a loan. The asset can be an individual property, such as the family home or it could be a company asset such as a vehicle or piece or equipment.
The vast majority of lenders, even the largest banks, are inclined to guarantee loans against an asset. If you have trouble paying back the loan, then the asset could be sold by the lender. In essence it’s means of securing new funding making use of the value of what you already own.
Up to $150,000 in loans there is no requirement for asset security before you are able to access the money however, we do require a personal guarantee. If you adhere to the loan terms (as stipulated in the loan contract) the security of assets is not needed. For loans that exceed $150,000, generally there is an individual guarantee and security in the form of a charge over assets.
