The requirements for obtaining an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Are you looking for additional funding? Take a look at the eligibility requirements for our $100K to $500K company financing.
All that’s needed for starting is your contact details (company name and your name, as well as email and phone), how much you’d like to borrow, and your monthly income.
While in the process and before settlement we’ll require confirmation of your identity but not for starting:
Additionally after we get started with loans of more than $150,000 you will also need fundamental financial statements:
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Brisbane unsecured loans provides amounts between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow-friendly repayments that are either per day or weekly.
Apply for your Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an immediate response, and have the funds in your account within 24 hours. Traditional business loans reference an annual rate of interest along with other charges and fees. We offer a company loan is a loan that is priced upfront so you will be aware in advance of the total amount payable including the interest, fees and charges. This is then divided into weekly or daily installment amount.
The Small Business Loan can be used for nearly every business use, including control of cash flow business renovations, marketing, to purchase inventory or new equipment, to fund general working capital and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger amount of loan to help business growth opportunities. The loan ranges from $100,000 to $500,000 over a fixed term with a maximum of 36 months. Repayments are weekly or fortnightly depending on you cashflow.
This Larger Business Loan has an Origination Fee that is determined at 2.5% of the amount of the loan.
To be eligible for a credit of this size, your business needs to have been operating for a minimum of 3 years and generate an annual revenue of $700K. Your company must belong to a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.
A large company loan is a great option for almost every company use, including business renovations, purchase of inventory or new equipment as well as for general working capital and much more. The loan cannot be used for personal use.
Asset security is necessary for funding of more than $150,000. This can be done in the form of a charge over assets and can include registering this with the PPSR or the registration of a caveat.
A personal or director’s guarantee is a guarantee to pay off a credit line that is general in nature, rather than defining the security of a specific asset. The person who is signing the guarantee is personally accountable if the company the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It reflects security interests that are registered for personal property (including the assets or goods). The PPSR permits the priority of personal property granted according to the date a security interest has been registered.
A caveat is a legal document that is filed to provide the legal claim to property.
If you’re requesting larger company loans that exceeds $250,000, we may offer a preliminary pre-approval to help simplify the process. We may be able to apply for this without a credit check, and within 6 hours of the initial application. This pre-approval is based on a preliminary assessment which includes you answering some financial health questions. This is neither an offer nor a guarantee of financing. Acceptance without condition is subject to an extensive credit evaluation and any offer you receive could be on different conditions.
You may be eligible for a company loan if you
The application process is fast and easy. Just complete the online application in just a few minutes, and an experienced business credit specialist will call you to guide you.
To be eligible for up to $100,000 you’ll need ID details (valid Driver’s Licence), an NZBN/IRD that is valid and at least six months of bank statements.
For larger loan sizes, you’ll require:
$100K – $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 and 12 month bank accounts, the IRD statement, last 2 years finalised financial statements, and interim financials for the current financial year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K up to $100,000) we usually provide an answer within an hour if you apply during standard business timings and you allow us to use the advanced bank verification system to immediately verify your bank account information online. If you choose to send us copies of your bank statement, we’ll offer an answer in as little as 1 company day.
For the Larger Business Loan ($100K up to $500,000) we could be capable of offer you with conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however it could be faster based on the specifics of each application. Certain agreements have been approved in less than 24 hours.
The quickest method is to ensure you apply during standard business hours. Also, allow us to use our advanced bank verification system to instantly check your bank’s information online. If you decide to send us the copies of bank statement, it can take a bit longer.
For the Small Business Loan ($5K to $100K) we typically provide a response in one hour – as long as you apply within normal business times and you allow us to use the bank verification system to immediately verify your bank account information online. If you opt to upload copies of your bank statements, we are able to provide the decision in as little as 1 business day.
If you are applying for Larger Business Loans ($100K and up) We may be able to offer the conditional pre-approval within about 6 hours. Once you’ve signed your pre-approval form, it will take around 2-3 days for final approval. However, it could be faster based on the specifics 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, and let us use the advanced bank verification system to check your bank’s information online. If you upload the copies of bank accounts, 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 elements for determining the health for your company and the amount of the repayments your company is able to afford. The amount you receive from your loan will be contingent on the particular circumstances of your business.
When you submit an application for a specific amount we look at a range of aspects to assess the health for your business and the level of payments your company can support. The total amount of your loan will be determined by the specific circumstances for your company.
When you request the company loans, we’ll assess the risk assessment that you have for your company and provide you with a customised offer, including the amount of loan, the term and the interest rates. It is a company loan is an upfront cost loan therefore you will know the exact amount due, which includes any charges, interest rates or fees.
Business loan interest rates depend on several variables like the amount to be of money borrowed, the company assets the funds will be used for and the sector the business is in, how long the company is in operation, in the event that the business has sufficient cash flow to cover the loan, and general health or creditworthiness of the business.
There are no hidden costs with our company loans. You’ll know precisely how much you’ll be required to pay, and at what time, from day one. There’s not any compounding interest and no additional fees (as long as you are able to make your payments in time).
We do not charge an Application Fee. You can apply for a loan with without any upfront costs or the obligation to take action.
The Origination Fee covers the costs associated with the setting up and management of the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You can repay all of your loan at any point in time.
If you decide to do this please contact our helpful company loan specialists. We will provide you with details on repayment and an early payout figure. This will be calculated as the total of the principal balance and the accrued interest up to the date of early payout, plus 1.5% of the principal amount remaining and any outstanding fees.
To make sure that you don’t miss repayments and to fit in with your cash flow cycle we offer repayments that are either weekly or daily. These are automatically withdrawn from your nominated company account.
Making sure that your information is secure, and knowing the ways we gather data, process, exchange and ensure the security of your information is crucial and is a crucial part of our relationship you.
Yes. We employ industry-recognised encryption techniques to protect your sensitive, personal financial information and our funders are ISO 27001 qualified for our dedication to customer security and security. We utilise a sophisticated banking verification system to immediately confirm your bank account information online so we can offer a fast response.
The term "asset-based" refers to borrowing where a company owner uses an asset they own to make a loan. The asset could be a personal asset like the family home, or it could be a business asset such as a vehicle or other piece of machinery.
The vast majority of banks, even the banks with the biggest size, prefer to guarantee loans against an asset. If you’re struggling to pay back the loan, the asset could be taken over by the lender. In essence, it is the process of securing new financing using the value of what you already have.
For loans up to $150K no asset security is required upfront to access the money, however we do require the personal guarantee. In the event that you fulfill the terms of your loan (as stipulated in your loan contract), asset security will never be required. For loans over $150,000 generally there is the option of a personal ensure and security is provided in the form of a charge over assets.
