The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Need more funds? Check out the guidelines for eligibility for our $100K to $500K company credit.
All that’s required to start is your contact details (the name of your company, your name, email and telephone) and the amount you’d like to lend, and your monthly income.
While in the process and before settlement we will require confirmation of your identity however, not in order to begin:
In addition, once we have started in the process, for loans over $150,000 you will also need fundamental financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments which can be made daily or weekly.
Apply to get your Small Business Loan in under 10 minutes over the phone. You’ll get an immediate response, and the money could be available in just 24 hours. Traditional company loans have an annual interest rate plus other fees and charges. Our business loan is a loan that is priced upfront so you will know ahead of time the amount you will have to pay, including any fees, interest or charges. This is then broken down into either a daily or weekly amount to be paid back.
It is a Small Business Loan can be used for virtually any business purpose including the management of cash flow, business remodeling, marketing to purchase inventory, new equipment, to fund general working capital and so much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans range from $100,000 to $500,000 with a fixed-term up to 36 months. The repayments are made weekly or fortnightly depending on you cashflow.
This Larger Business Loan has an Origination Fee which is calculated at 2.5 percent of the amount of the loan.
To qualify for a loan in this amount the business needs to be operating for at least three years with an annual turnover of $700K. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand company (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.
A Larger Business Loan can be used for nearly all company need, including business renovations, to purchase inventory or new equipment or as general working capital, and much more. The loan cannot be used for personal purposes.
Asset security is needed to access funding over $150,000. It’s by way of charge against assets and can be registered with the PPSR or making as a caveat.
A personal or director’s guarantee is a guarantee to repay a loan which is general in nature rather than specifying security over an asset. The person who is signing the guarantee is personally liable if the company lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including the assets or goods). The PPSR gives priority over personal property to be granted according to the date a registration of a security interest.
A caveat is a legal document that is filed to provide the legal claim against a property.
When you’re applying for larger business loans that exceeds $250K we can offer an initial pre-approval to smooth out the process. We could be able to make this decision without a credit verification and within six hours of your initial application. This pre-approval is based on a preliminary assessment which includes answering a couple of financial health questions. This is in no way an offer, nor is it a guarantee of finance. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer that you receive could be subject to different terms.
You can apply for an company loan if you;
The process for applying is fast and simple. Simply complete the online form within a few minutes and a dedicated company expert in lending will contact you to help you.
For a loan of up to $100,000 you’ll need the right identification documents (valid Driver’s Licence), a valid NZBN/IRD and at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K-$250K: Application requirements, including credit approval, 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 months bank statement, an IRD statements Last 2 years’ finalised financial statements, plus interim financial statements for the current year including Aged Payables, Aged Receivables reports.
For an unsecured loan ($5K up to $100,000) We can usually offer a response in one hour – as long as you apply at quality business time and let us use the advanced bank verification system link to instantly verify your bank’s information online. If you choose to upload copies of your bank statement, we’ll offer an answer within an business day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we could be likely to offer you with pre-approval conditional to your application within six hours. After you’ve signed the pre-approval form, it will take around 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Certain agreements have been approved in 24 hours.
The fastest way is to ensure you apply during normal business hours, and allow us to use our advance bank verification to instantly check your bank’s information online. If you send us the copies of bank statement, it takes a bit longer.
For the Small Business Loan ($5K to $100K) We can usually offer an answer in just one hour – as long as you submit your request in normal business times and allow us to utilise the advanced bank verification system to immediately verify your bank account information online. If you want to send us copies of your bank statements, we are able to offer an answer within the span of one business day.
For Larger Business Loans ($100K to $500K) We may be in a position to provide you with conditional pre-approval within about 6 hours. Once you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval, however this can be faster depending upon the circumstances for each application. Certain agreements have been approved in just 24 hours.
The fastest method is to make sure you apply during normal business hours. Also, permit us to use the sophisticated bank verification link to check your bank’s information online. If you upload the copies of bank statements, it may take a bit longer.
We provide loans that range from $5,000 and $500,000. When you submit an application for a certain amount, we take into consideration a range of factors that determine the health of your company and the amount of repayments your company will be able to support. The amount you receive from your loan will be contingent on the particular circumstances of your company.
When you apply for a specific amount we consider a variety of elements to determine how much we can lend you such as health that is your business as well as the amount of repayments that your company will be able to support. The amount you receive from your loan will be determined by the particulars of your business.
If you decide to apply for the business loans, we’ll assess the risk profile the company and offer an individualised offer including loan amount, term and interest rates. A company loan is an upfront priced loan so you will be aware in advance of the total amount payable including any interest rates, fees or charges.
The interest rates on company loans rates vary due to variables like the amount to be of money borrowed, the business assets the money are used to purchase, the industry the business operates in, how long the business has been operating for, how long the business has sufficient cash flow to support the loan, as well as the general well-being as well as creditworthiness company.
There are no hidden costs with our company loans. You’ll be aware of the amount you be required to pay, and when, starting from the day you sign up. There’s no compounding interest and there are no additional charges (as as you make your payments punctually).
We don’t charge an application fee. You can get a cash loan with absolutely no upfront cost and no any obligation to sign up.
The Origination Fee covers the expenses involved with setting up and managing the loan. You are only charged this cost if you take out the loan. Our Origination Fee is 2.5% of the amount of the loan.
You may choose to pay back the total amount of your loan early at any time.
If you are deciding to take this route, please call our helpful company loan experts. We will provide you with details on repayment and an early payout figure. This is calculated as the total of the remaining principal amount plus any accrued interest as of the time of early payment, plus 1.5 percent of the remaining principal and any outstanding fees.
To ensure that you don’t miss payment dates and to align your cash flow schedule, we provide repayments either weekly or daily. They are automatically deducted from your company account.
Security of your data, and making it clear the ways we gather the information we collect, use, share and protect your information, is crucial and is a crucial part of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our dedication to security for our customers and privacy. We use an advanced banking verification system to immediately verify the bank account details online. This allows us to offer a fast response.
An asset-based loan is when an company owner makes use of an asset that they own to obtain the funding. The asset can be a personal asset like the family home, or it could be a business asset such as a truck or other piece of machinery.
The vast majority of lending institutions, including the banks with the biggest size, prefer to secure loans against assets. If you have trouble paying back the loan, then your assets could be taken over by the lender. In essence, it is the process of securing new funding using the value of what you already own.
For loans of up to $150K, there is no requirement for asset security in advance to gain access to the funds but we require a personal guarantee. need an individual guarantee. In the event that you fulfill the loan terms (as detailed in the loan contract) Asset security will never be needed. For loans of over $150K generally, you are able to get an individual guarantee and security is provided in the form of the charge of assets.
