The requirements for obtaining an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Are you looking for additional funding? Review the guidelines for eligibility for our $100K-$500K business credit.
All that’s required for starting is your contact information (company name, your name, email address, phone) along with the amount you’d like to borrow and your monthly revenue.
Through the process and before settlement we will require confirmation of your identity but not before we can begin:
After we start with loans of more than $150,000 you will also need the following financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 months and 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 over the phone. You’ll get an instant response and funds may be on your account within 24 hours. Traditional company loans have an annual interest rate along with other charges and fees. This company loan is a cash-based loan therefore you’ll be aware in advance of the amount you will have to pay, including any fees, charges or charges. This is then broken down into a daily or weekly repayment figure.
A Small Business Loan can be used for nearly every business need, such as control of cash flow company improvements, advertising, to purchase inventory or new equipment, to fund general working capital, and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans are between $100,000 and $500,000 over a fixed term up to 36 months. Repayments are either weekly or fortnightly in order to accommodate you cashflow.
A Larger Business Loan has an Origination Fee that is calculated at 2.5 percentage of the amount of the loan.
In order to be eligible for a loan of this size the business needs to have been trading for at least 3 years and have an annual turnover of $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A larger company loan is a great option for almost every company need, including business renovations, to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used for personal use.
Asset security is required to access funding over $150,000. This can be done by way of charge on assets, and could be registered with the PPSR or filing as a caveat.
A director’s or personal ensure is a guarantee to pay back a loan that is generally in nature rather than specifying security over an asset. The person who is signing the ensure 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 that is operated by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including the assets or goods). The PPSR permits priority over personal property to be granted in accordance with the date on which a security interest has been registered.
Caveats are legal document lodged to offer notice of a legal claim to a property.
When you’re applying for an enterprise loan of $250K or more we may be able to provide an initial pre-approval that will help make the process. We might be able to get this done without credit checks and within six hours of your initial application. This pre-approval is based on a preliminary assessment which includes you answering a few financial well-being questions. It is not an offer or guarantee of finance. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you may receive may have different terms.
You can apply for a company loan if you
The application process is simple and easy. Complete the online form within a couple minutes, and a dedicated company expert in lending will contact you to guide you through the process.
To be eligible for up to $100,000 you’ll need ID details (valid Driver’s License) as well as an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K-$250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K to $500K: Details for application including credit consent twelve month bank accounts, the IRD statements and the last two years’ finalised financial statements, plus interim financial statements for the current year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K and up) we typically offer an answer within an hour if you make your application at standard company times and you allow us to use the advanced bank verification system link to instantly verify your bank information online. If you want to upload copies of your banking statements we can provide a decision within the span of one business day.
For the Larger Business Loan ($100K to $500K) we might be in a position to provide you with conditional pre-approval within about six hours. After you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval, however this can be quicker based upon the circumstances for each application. Some deals have been approved in just 24 hours.
The fastest way can be make sure you apply during standard company hours, and allow us to use the modern bank verification to verify your bank account information online. If you decide to upload duplicates of your banking statement, it takes a bit longer.
For the Small Business Loan ($5K and up) We can usually provide an answer within an hour – provided you submit your request in standard business times and permit us to use the advanced bank verification system to instantly verify your bank information online. If you choose to upload copies of your bank statements, we are able to offer an answer within the span of one business day.
If you are applying for Larger Business Loans ($100K to $500K) We may be likely to offer you with pre-approval conditional to your application in about 6 hours. Once you have signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, this can be faster depending on the particular circumstances of each application. Some offers have been approved within 24 hours.
The quickest method for you to apply is ensure you apply during standard business hours. You can also allow us to use our sophisticated bank verification to instantly verify your bank information online. If you opt to send us duplicates of your banking statement, it will take a little longer.
We provide loan amounts between $5,000 and $500,000. When you make an application for a certain amount, we will consider a number of aspects in order to assess how much we can lend you well-being that is your business and the level of repayments your business can afford. The amount you receive from your loan will be contingent on the specifics for your business.
When you apply for a set amount, we take into consideration a variety of factors to assess how much we can lend you such as health for your business as well as the amount of the repayments your business is able to afford. The total amount of the loan will be determined by the specific circumstances the business.
When you request business loans with us business loans, we will assess the risk assessment for your company and offer you with a customised offer that includes loan amount, term and interest rates. The company loan is an upfront cost loan which means you know the exact amount to be paid, including any charges, interest rates or fees.
Business loan interest rates depend on several factors including the amount borrowed, what company assets the money will be used for, the industry the company operates in, how long the business has been running for, in the event that the business has sufficient cash flow to pay for the loan, and the overall health or financial standing of the company.
There aren’t any hidden costs with our business loans, and you’ll know precisely how much it is that you be required to pay, and when, right from the day you sign up. There’s no compounding interest and no additional fees (as long as you make your payments punctually).
We don’t charge an application fee. You can apply for a loan with absolutely no upfront cost and no the obligation to take action.
The Origination Fee is the cost associated in establishing and managing the loan. You are only charged this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percentage of the amount of the loan.
You can decide to repay all of your loan early at any time.
If you choose to pursue this option, please call our helpful business credit experts. They will provide you with details on repayment and an early payout figure. This will be calculated as the sum of the remaining principal amount and any accrued interest at the time of early payment, plus 1.5 percent of the principal balance and any outstanding fees.
To make sure you do not miss due dates and also to be in line with your cash flow cycle we offer repayments either daily or weekly. These are automatically withdrawn from your business account.
Protecting your information, and making it clear how we collect the information we collect, use, share and ensure the security of your information is of huge importance and a vital aspect of our relationship with you.
Yes. We make use of industry-standard encryption techniques to protect your sensitive, personal financial information and our funders are ISO 27001 certified for our dedication to security for our clients and privacy. We employ a highly sophisticated banking verification system to immediately confirm your bank account information online so we can provide quick responses.
The term "asset-based" refers to borrowing where the company owner uses an asset they own to make the funding. The asset can be either an asset belonging to the personal, like the family home, or it could be a company property like a truck or piece of equipment.
The majority of banks, including the major banks, prefer to guarantee loans against assets. If you have trouble paying back the loan, your assets could be taken over by the lender. In essence, it is means of securing new funding making use of the value of what you already have.
For loans up to $150K there is no requirement for asset security in advance to gain access to the funds however, we do require an individual guarantee. If you adhere to the terms of your loan (as specified in your loan contract document) and you are able to meet your obligations, asset security is not required. For loans that exceed $150K, generally, there is personal ensure and security is provided in the form of charges on assets.
