The eligibility requirements for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Need more funds? Review the conditions of eligibility for our $100K to $500K business loan.
All you need to get started is your contact information (company name and your name, as well as email, phone), how much you’d like to borrow and your monthly earnings.
In the course of the process and before settlement we will need confirmation of your identity but not to get started:
Once we’ve started, for loans over $150,000 you’ll also require fundamental financial statements:
Let’s get started now.
Brisbane unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow-friendly repayments which can be made daily or weekly.
You can apply to your Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an instant response and have the funds available in just 24 hours. Traditional business loans are based on an annual interest rate as well as other fees and charges. Our business loan is a cash-based loan so you will know ahead of time the total amount due, which includes any fees, interest or charges. This is then divided into weekly or daily amount to be paid back.
It is a Small Business Loan can be used for nearly every business use, including cash flow management, business renovations, marketing for purchasing inventory or new equipment, as general working capital and much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans range between $100,000 and $500,000 over a fixed term that can last up to 36 months. Repayments are scheduled weekly or fortnightly to work with you cashflow.
This Larger Business Loan has an Origination Fee, which is calculated at 2.5 percentage of the amount of the loan.
To be eligible for a loan of this size, your business needs to have been trading for at least 3 years with an annual turnover of at least $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A larger business loan can be used for nearly any business use, including business renovations, purchase of equipment or inventory or as general working capital and much more. The loan is not available for personal reasons.
Asset security is required to obtain funding above $150,000. It is usually by way of charge against assets and can include the registration of this through the PPSR or the registration of as a caveat.
A personal or director’s ensure is a guarantee to repay a loan which is generally based rather than stipulating security over a particular asset. The person who is signing the ensure is personally accountable if the company borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including objects or assets). The PPSR gives prioritisation over property that is personal to be assigned according to the date a registration of a security interest.
A caveat is a legal form of document to offer notice of a legal claim to a property.
If you’re applying for larger company loans of more than $250K we may be able to provide an initial pre-approval to smooth out the process. We might be able to do this without credit checks and within six hours of your initial application. This pre-approval is made based on an initial assessment that includes the answer to a series of financial health checks. It is neither an offer nor a guarantee of funds. Unconditional approval is subject to a full credit assessment and any offer that you may receive may be subject to different conditions.
You can apply for an company loan if you:
The application process is simple and simple. Complete the online form in few minutes and an experienced company lending specialist will be in touch to assist you.
To apply for up $100,000 you’ll need 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 require:
$100K – $250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Application details including credit consent and 12 months bank statement, an IRD statements, last 2 years finalised financial statements, in addition to interim financials from the current financial year, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K up to $100,000) We can usually provide an answer within one hour, provided you apply within standard company timings and you allow us to utilise the advanced bank verification system link to instantly verify your bank details online. If you want to send us copies of your bank statements , we are able to provide a decision in as little as the span of one company day.
For the Larger Business Loan ($100K to $500K) we may be likely to offer you with conditional pre-approval within 6 hours. After you’ve signed your pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this can be quicker based upon the circumstances for each application. Some agreements have been approved within the space of 24 hours.
The quickest way to apply for you to apply is ensure you apply during standard business hours and permit us to use the advanced bank verification system to verify your bank account information online. If you decide to send us the copies of bank statements , it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we usually provide a response in one hour if you make your application within standard business hours and let us make use of the advanced bank verification system link to instantly verify your bank details online. If you decide to upload copies of your bank statement, we’ll provide an answer in as little as the span of one business day.
For the Larger Business Loans ($100K up to $500,000) We may be likely to offer the conditional pre-approval within about six hours. Once you have signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, this could be shorter based upon the circumstances for each application. Certain transactions have received approval within the space of 24 hours.
The fastest method is to ensure you apply during standard business hours. Also, let us use the advance bank verification link to check your bank’s information online. If you choose to upload documents from your account statements it will take a little longer.
We provide loans that range from $5,000 to $500,000. When you make an application for a certain amount we look at a variety of variables in order to assess how much we can lend you health of your company as well as the amount of repayments that your company can afford. The amount you receive from your loan will be contingent on the specifics the business.
When you apply for a set amount, we consider a variety of aspects to determine how much we can lend you such as well-being of your company and the extent of the repayments your business will be able to support. The amount you receive from your loan will be contingent on the particular circumstances the company.
When you apply for business loans with us business credit, we’ll assess the risk profile for your business and provide an individualised offer that includes the amount of loan, the term and interest rates. The business loan is a loan that is priced upfront and you’ll know in advance the total amount you will have to pay, including costs, fees, or interest rates.
The interest rates on business loans rates depend on a variety of factors such as the amount that is borrowed, what business assets the funds are used to purchase and the sector the company operates in, the long the business is in operation, how long the company has sufficient cash flow to support the loan, as well as the general health or financial standing of the company.
There aren’t any hidden costs with our company loans, and you’ll know precisely what you’ll need to pay, and when, right from day one. There’s no compounding interest, and no additional fees (as as long as you pay your payments on time).
We do not charge an application fee. You are able to get a cash loan without any upfront costs or commitment to apply.
The Origination Fee covers the costs associated in establishing and managing the loan. The only way to pay this fee if you proceed with the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.
You can decide to repay the entire amount of the loan in full at any time.
If you decide to take this route, please speak to our friendly company credit specialists. They’ll offer you with details on repayment and an early payment figure. This is calculated as the total of the remaining principal amount plus any accrued interest as of the time of early payout plus 1.5 percent of the principal amount remaining plus any outstanding fees.
To make sure you do not miss repayments and to fit in with your cash flow cycle we provide repayments either weekly or daily. They will be automatically deducted from your company account.
Security of your data, and being clear about the ways we gather data, process, exchange and protect your information, is of huge importance and is a crucial aspect of our relationship with you.
Yes. We employ industry-recognised encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to customer security and security. We make use of an advanced banking verification system to immediately verify your bank account information online. This allows us to offer quick responses.
The term "asset-based" refers to borrowing where an company owner borrows from assets they own to secure the funding. The asset could be an asset belonging to the personal, like the family home or it could be a business asset like a truck or piece or equipment.
The vast majority of lending institutions, including the big banks, tend to secure loans against an asset. If you have trouble paying back the loan, your assets could be offered for sale by the lender. In essence, it is a way of securing additional financing using the worth of the asset you already own.
For loans of up to $150K, it is not necessary to secure assets prior to the loan’s access, however we do require an individual guarantee. As long as you follow the loan terms (as stipulated in the loan contract) Asset security will never be needed. For loans that exceed $150K, generally, there is an individual ensure and security is provided in the form of a charge over assets.
