The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Do you require more money? Check out the conditions of eligibility for our $100K-$500K business financing.
All that is needed to begin is your contact information (company name, your name, email, phone) as well as the amount you’d like to lend, and your monthly income.
During the process and before settlement we will require confirmation of your identity, but not to get started:
Once we’ve started in the process, for loans over $150,000 you will also require 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 are either daily or weekly.
Apply to your Small Business Loan in under 10 minutes online or over the phone. You’ll get an immediate response, and the money could be in your account in 24 hours. Traditional company loans are based on an annual interest rate plus other fees and charges. The company loan is a pre-paid loan which means you be aware of the amount you will have to pay, including the interest, fees and charges. Then, it is broken down into either a daily or weekly repayment figure.
It is a Small Business Loan can be used for nearly every business use, including cash flow management, business renovations, marketing, to purchase inventory or new equipment, or as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size loan to aid in company growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term up to 36 months. The repayments are made weekly or fortnightly, depending on your situation.
This Larger Business Loan has an Origination Fee that is calculated at 2.5 percentage of the loan amount.
To qualify for a loan in this amount the company needs to have been trading for at least 3 years with an annual turnover of at least $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand business (with a valid NZBN/IRD) and be able to prove at least 12 months of trading.
A Larger Business Loan is a great option for almost any company purpose 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 reasons.
Asset security is needed for funding of more than $150,000. This can be done in the form of a charge on assets, which could also include the registration of this through the PPSR or filing as a caveat.
A director’s or personal ensure is a promise to repay a loan which is general in nature, rather than specifying the security for a particular asset. The person who signs the guarantee is personally liable in the event that the company borrower is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It lists security interests that are registered in respect of personal property (including the assets or goods). The PPSR allows priority over personal property to be assigned according to the date a registration of a security interest.
Caveats are legal document lodged to provide the public notice of a legal claim on a property.
If you’re seeking a Larger Business Loan that exceeds $250K, we may offer a preliminary pre-approval to help simplify the process. It is possible to apply for this without a credit check and within 6 hours of your initial application. This pre-approval is based on an initial evaluation that involves you answering a few financial health questions. It is not an offer or guarantee of credit. Unconditional approval is subject to an extensive credit evaluation and any offer you are offered could have different terms.
You can apply for a business loan if you:
The application process is simple and simple. Simply complete the online form within a few minutes and an experienced company credit specialist will be in touch to guide you through the process.
To be eligible for up to $100,000 you’ll need proof of identity (valid Driver’s Licence) along with a valid NZBN/IRD and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll need:
$100K to $250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Details for application including credit consent as well as 12 months bank statement, an IRD statements, last 2 years finalised financial statements, and interim financials from the current financial year including Aged Payables, Aged Receivables summary.
For an unsecured loan ($5K to $100K) We can usually offer an answer in just one hour if you apply within quality business hours and allow us to utilise the advanced bank verification system to instantly verify your bank details online. If you opt to send us copies of your bank statements , we are able to provide a decision within just an business day.
If you are applying for a Larger Business Loan ($100K or more) we may be likely to offer you with a conditional pre-approval within about six hours. Once you have signed the pre-approval document, you will need to wait approximately 2-3 days to receive final approval. However, this could be shorter based upon the circumstances for each application. Some transactions have received approval within the space of 24 hours.
The fastest way would be to ensure you apply during standard business hours, and let us use the advance bank verification link to instantly verify your bank account information online. If you decide to upload duplicates of your banking accounts, it can take a bit longer.
For the Small Business Loan ($5K or more) we typically provide a response in one hour if you apply at standard business timings and you allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you choose to upload copies of your banking statements, we are able to offer an answer within the span of one business day.
For Larger Business Loans ($100K and up) we might be capable of offer you with pre-approval conditional to your application in about 6 hours. After you’ve signed the pre-approval form, it will take around 2-3 days for final approval, however this can be faster depending on the specifics of each application. Some agreements have been approved in 24 hours.
The most efficient method can be ensure you apply during normal business hours and allow us to use the advanced bank verification system to check your bank’s information online. If you send us copies of your bank statements it may take a bit longer.
We provide loans ranging from $5,000 to $500,000. When you submit an application for a certain amount we take into consideration a range of factors that determine the health of the business and the level of repayments that your company can afford. The amount you receive from your loan will depend on the specifics the company.
When you submit an application for a specific amount we look at a range of aspects to determine the health of the business and the amount of repayments your company can support. The amount you receive from the loan will be determined by the particular circumstances for your business.
If you decide to make an application for business loans with us business financing, we’ll assess the risk assessment that you have for your business and provide an individualised proposal that includes the loan amount, the terms and the interest rates. A business loan is a loan that is priced upfront therefore you will be aware of the total amount payable including any interest rates, fees or charges.
The interest rates on company loans rates depend on a variety of factors such as the amount that is that is borrowed, what company assets the money are used to purchase and the sector the business operates in, the long the business has been in operation, how long the company has sufficient cash flow to support the loan, and general well-being or creditworthiness of the company.
There are no hidden fees with our business loans, and you’ll know precisely what you be required to pay and at what time, from the day you sign up. There’s no compounding interest, and no extra fees (as as you make your payments punctually).
We do not charge an application fee. You can apply for a loan absolutely no upfront cost and no any obligation to sign up.
The Origination Fee covers the costs associated with setting up and managing the loan. You are only charged this fee if you decide to take the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.
You can decide to repay the entire amount of your loan at any point in time.
If you decide to do this please call our helpful company loan specialists. They will offer you with the details of your repayment as well as an early payout amount. This will be calculated as the sum of the principal remaining and any accrued interest at the date of early payout and 1.5% of the principal balance plus any outstanding fees.
To help you avoid missing due dates and also to be in line with your cash flow cycle we provide payments that are either daily or weekly. They will be automatically deducted from your nominated business account.
Protecting your information, and being transparent about how we collect the information we collect, use, share and protect your information, is crucial and is a crucial aspect of our relationship with you.
Yes. We use industry recognised encryption standards to secure your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our commitment to protecting the security of clients and privacy. We employ a highly sophisticated bank verification system that allows you to immediately confirm your bank account information online to offer an immediate response.
Asset-based borrowing is when the company owner makes use of assets they own to make the funding. The asset could be an individual property, such as the family home or an company property like a truck or piece or equipment.
The vast majority of lenders, including the big banks, tend to secure loans against an asset. If you’re having trouble paying back the loan, then the asset could be taken over by the lender. In essence, it is an opportunity to secure new financing making use of the value of what you already own.
For loans up to $150K there is no requirement for asset security upfront to access the money but we do require the personal guarantee. So long as you comply with your loan obligations (as specified in the loan contract), asset security will never be required. For loans that exceed $150K, typically, you will need an individual guarantee and security in the form of a charge over assets.
