The requirements for getting an unsecured business loan in Brisbane of between $5K and $100K is fairly low.
Need more funds? Find out the eligibility requirements for our $100K-$500K company financing.
All that is needed to begin is your contact details (company name, your name, email, phone) and the amount you’d like to borrow and your monthly earnings.
Through the process and before settlement we’ll require confirmation of who you are but not before we can begin:
In addition, once we have started, for loans over $150,000 you will also need the following financial statements:
Let’s get started now.
Brisbane unsecured loans provides amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.
Apply to get your Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive a same day response and funds may be on your account within 24 hours. Traditional company loans reference an annual rate of interest plus other fees and charges. We offer a company loan is a pre-paid loan and you’ll know in advance the total amount due, which includes any fees, interest or charges. This is then broken down into weekly or daily repayment figure.
A Small Business Loan can be used for nearly any company use, including control of cash flow company remodeling, marketing, to purchase inventory or new equipment, or as general working capital, and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of with a maximum of 36 months. Repayments are weekly or fortnightly depending on the flow of cash.
This Larger Business Loan has an Origination Fee, which is determined at 2.5% of the amount of the loan.
To be eligible for a credit of this size the company needs to be in operation for at least 3 years and generate an annual revenue of $700,000. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A larger company loan can be used to fund almost all business reason, such as company improvements, purchasing inventory or new equipment or as general working capital and so much more. The loan is not available for personal reasons.
Asset security is necessary to access funding over $150,000. This is in the form of a charge against assets, which could also include the registration of this in the PPSR or making a caveat.
A director’s or personal guarantee is a guarantee to repay a loan which is generally based rather than defining the security for a particular asset. The person signing the guarantee is personally liable in the event that the business lender is not able to pay back the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It lists security interests that are that are registered for personal property (including objects or assets). The PPSR gives priority over personal property to be granted according to the date the security interest was registered.
Caveats are legal document lodged to offer the public notice of a legal claim against a property.
If you’re seeking a Larger Business Loan that is greater than $250K it is possible to offer a preliminary pre-approval to help ease the process. We may be able to do this without a credit check, and within six hours of your initial application. The pre-approval process is based on a preliminary assessment which includes you answering some financial health questions. This is in no way an offer, nor is it a guarantee of funds. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you are offered could be subject to different terms.
You are eligible to apply for an business loan if you;
The process for applying is fast and easy. Just fill out the online application within a few minutes and an experienced business loan specialist will be in touch to guide you through the process.
To apply for up to $100,000, you’ll need proof of identity (valid Driver’s Licence), an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K – $250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Information on the application including credit consent and 12 month bank accounts, the IRD statements and the last two years’ finalised financial statements, in addition to interim current financial year financials, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K to $100K) we can often provide an answer within an hour – as long as you make your application within standard company time and allow us to use the advanced bank verification system link to instantly verify your bank’s information online. If you want to upload copies of your bank statements , we are able to offer a decision in just one company day.
If you are applying for a Larger Business Loan ($100K or more) we could be able to offer the conditional pre-approval within about six hours. After you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, this can be quicker based upon the circumstances for each application. Some offers have been approved within less than 24 hours.
The fastest way is to ensure you apply during standard business hours and let us use the advance bank verification link to instantly check your bank’s information online. If you choose to send us documents from your account statements it may take a bit longer.
For the Small Business Loan ($5K to $100K) we usually provide an answer within one hour – provided you apply during standard business 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 submit copies of your bank statements, we’ll be able to offer a decision in as little as one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) We may be in a position to provide you with pre-approval conditional to your application in around six hours. Once you have signed the pre-approval, turnaround times are 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 in the space of 24 hours.
The fastest way is to ensure you apply during normal business hours. Also, allow us to use our modern bank verification link to verify your bank information online. If you opt to send us copies of your bank statements, it will take a little longer.
We offer loans that range from $5,000 and $500,000. If you apply for a specific amount we look at a variety of factors to determine what is the well-being of your business and the amount of repayments that your business can afford. The amount you receive from your loan will depend on the specific circumstances that are unique to your business.
If you apply for a particular amount, we consider a variety of variables to determine how much we can lend you such as well-being that is your business and the level of the repayments your business can support. The amount you receive from your loan will be determined by the specific circumstances the company.
If you decide to request the company credit, we’ll assess the risk profile for your business and offer you with a customised proposal that includes the amount of loan, the term and the interest rates. A business loan is an upfront priced loan therefore you will know in advance the total amount payable including any charges or interest.
Business loan interest rates depend on a variety of factors including the amount borrowed, the business assets the funds are used to purchase and the sector the company operates in, the long the company has been in operation, what percentage of the business has sufficient cash flow to cover the loan, and also the overall well-being and creditworthiness of the company.
There are no hidden costs for our company loans, and you’ll be aware of the amount you’ll need to pay, and at what time, from the day you sign up. There’s not any compounding interest and no additional fees (as as long as you pay your payments in time).
We don’t charge an Application Fee. You are able to apply for a loan with absolutely no upfront cost and no any obligation to sign up.
The Origination Fee is the cost associated in establishing and managing the loan. The only way to pay this cost if you take out the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.
You may choose to pay back the entire amount of your loan in full at any time.
If you choose to take this route, please call our helpful business credit experts. They will offer you with details on repayment and an early payout figure. This will be calculated as the total of the principal remaining and the accrued interest up to the time of early payment, plus 1.5% of the principal remaining plus any outstanding fees.
To help you avoid missing payments and to work with your cash flow cycle we offer repayments that are either weekly or daily. These are automatically withdrawn from your nominated business account.
Protecting your information, and being clear about the ways we gather the information we collect, use, share and protect your information, is crucial and a vital part of our relationship with you.
Yes. We utilise industry-recognised encryption standards to secure your personal, sensitive and financial data and our funders are ISO 27001 qualified for our dedication to customer security and privacy. We use an advanced banking verification system to immediately verify your bank account information online. This allows us to offer rapid response.
An asset-based loan is when the business owner borrows from an asset they own to get the funds for a loan. The asset can be either an asset belonging to the personal, like the family home or an company property like a truck or piece of equipment.
The vast majority of lenders, not just the big banks, tend to guarantee loans against an asset. If you’re struggling to pay back the loan, the asset might be sold by the lender. In essence, it is a way of securing new funding making use of the value of what you already own.
For loans of up to $150,000, the requirement for asset security is not required prior to the loan’s access However, we do require the personal guarantee. As long as you follow the loan terms (as stated in the loan contract) Asset security is not needed. For loans of over $150K generally, there is the option of a personal ensure and security is provided in the form of a charge over assets.
