The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Need more funds? Find out the conditions of eligibility for our $100K-$500K business financing.
All you need for starting is your contact information (the name of your company, your name, email or phone number) along with the amount you want to borrow, and your monthly income.
Through the process and before settlement we’ll require confirmation of who you are but not before we can begin:
After we start, for loans of more than $150,000 you’ll also need basic financial statements:
Let’s get started.
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 that are either daily or weekly.
The application for the Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an immediate response, and have the funds available in just 24 hours. Traditional company loans reference an annual rate of interest plus other fees and charges. Our business loan is a pre-paid loan so you will know in advance the total amount due, which includes any fees, charges or charges. Then, it is broken down into a daily or weekly payment amount.
A Small Business Loan can be used for almost every company need, such as managing cash flows, company remodels and marketing, 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 amount of loan to help company expansion opportunities. Loans range from $100,000 to $500,000 over a fixed term for up to 36 months. Repayments are either weekly or fortnightly to work with your cash flow.
The Larger Business Loan has an Origination Fee that is determined at 2.5 percent of the amount of the loan.
To be eligible for a loan in this amount the business needs to have been trading for at least 3 years and generate an annual revenue of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A Business Loan of a larger size can be used to fund almost all company use, including business remodeling, buying new equipment or inventory for general working capital and so much more. The loan cannot be used for personal purposes.
Asset security is necessary for funding of more than $150,000. It is usually in the form of a charge over assets and can be registered in the PPSR or filing as a caveat.
A director’s or personal ensure is a guarantee to pay back a loan that is general in nature, rather than stating the security for a particular asset. The person signing the guarantee is personally accountable if the company creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It contains security interests that are registered for personal property (including the assets or goods). The PPSR permits prioritisation over property that is personal to be granted in accordance with the date on which a security interest has been registered.
Caveats are legal document filed to provide an official notice of a claim against a property.
If you’re applying for an enterprise loan of $250K or more we can offer an initial pre-approval in order to ease the process. We may be able to get this done without a credit verification and within 6 hours of the initial application. This pre-approval is based on an initial assessment, which involves answering a couple of financial well-being checks. It’s neither an offer nor a guarantee of funds. Unconditional approval is subject to a full credit assessment and any offer that you are offered could be based on different conditions.
You are eligible to apply for a business loan if you
The application process is quick and easy. Complete the online form in just a few minutes, and a dedicated business loan specialist will contact you to help you.
For a loan of up to $100,000, you’ll require ID details (valid Driver’s Licence) and a valid NZBN/IRD and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K – $250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K-$500K: Details for application including credit consent and 12 month bank accounts, the 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 usually offer an answer in just one hour – as long as you apply during standard company time and allow us to use the advanced bank verification system to instantly verify your bank details online. If you want to upload copies of your banking statement, we’ll provide a decision in just 1 business day.
For the Larger Business Loan ($100K to $500K) we might be likely to provide you with a conditional pre-approval in around six hours. Once you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval, however it could be faster based on the circumstances of each application. Some agreements have been approved in just 24 hours.
The fastest way would be to make sure you apply during standard company hours, and permit us to use the advance bank verification link to confirm your bank details online. If you opt to send us the copies of bank accounts, it will take a little longer.
For the Small Business Loan ($5K and up) we typically provide a response in one hour – as long as you make your application in normal business hours and permit us to make use of the advanced bank verification system to immediately verify your bank account information online. If you decide to upload copies of your banking statements we can offer an answer in just an business day.
If you are applying for Larger Business Loans ($100K to $500K) we may be able to provide you with a conditional pre-approval in around six hours. Once you have signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this can be faster depending on the circumstances of each application. Certain offers have been approved within less than 24 hours.
The most effective method is to ensure you apply during standard business hours, and permit us to use the advanced bank verification system to instantly verify your bank account information online. If you decide to send us documents from your account statement, it will take a little longer.
We offer loan amounts between $5,000 and $500,000. When you submit an application for a certain amount we look at a variety of variables for determining the health of your company and the extent of repayments your company will be able to support. The total amount of your loan will be contingent on the specific circumstances the company.
When you make an application for a certain amount, we consider a variety of aspects to assess how much we can lend you such as health that is your company and the amount of the repayments your company is able to afford. The amount you receive from the loan will be determined by the particular circumstances for your business.
If you decide to apply for our business loan, we will assess the risk assessment that you have for your company and provide an individualised proposal that includes the amount of loan, the term and interest rates. A company loan is a loan that is priced upfront therefore you will be aware of the total amount to be paid, including any costs, fees, or interest rates.
The interest rates on company loans rates differ based on various factors like the amount of money that is borrowed, what business assets the money are used to purchase as well as the field the business operates in, the long the business has been operating for, in the event that the business has sufficient cash flow to cover the loan, as well as the general health as well as creditworthiness business.
There aren’t any hidden costs with our business loans, and you’ll know precisely what you need to pay, and when, right from day one. There’s no compounding interest and no extra fees (as as long as you pay your payments in time).
We do not charge an Application Fee. You are able to get a cash loan no cost upfront or any obligation to sign up.
The Origination Fee is the cost associated with setting up and managing the loan. This is only a cost if you take out the loan. The Origination Fee for us is 2.5 percent of the loan amount.
You can choose to repay the entire amount of your loan early at any time.
If you are deciding to pursue this option, please contact our helpful company loan professionals. We will provide you with details on repayment and an early payout figure. It will be calculated using the sum of the principal amount remaining plus any accrued interest as of the time of early payout, plus 1.5% of the principal amount remaining plus any outstanding fees.
To make sure you do not miss payments and to work your cash flow cycle we offer repayments either weekly or daily. They will be automatically deducted from your nominated company account.
Protecting your information, and making it clear how we collect information, use it, and exchange it, as well as protect your information, is of paramount importance and is an essential element of our relationship with you.
Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal financial information and our funders are ISO 27001 qualified for our commitment to security for our customers and privacy. We make use of an advanced bank verification system link to instantly verify the bank account details online. This allows us to offer an immediate response.
An asset-based loan is when an business owner uses the assets they have to secure the funding. The asset can be either an individual property, such as the family home, or a company asset such as a truck as well as a piece of machine.
The vast majority of lenders, not just the major banks, prefer to make loans secured by an asset. If you are having difficulty paying back the loan, your asset may be transferred to the lender. In essence it is means of securing new financing by making use of the value of what you already own.
Up to $150,000 in loans it is not necessary to secure assets in advance to gain access to the funds but we require a personal guarantee. require a personal guarantee. In the event that you fulfill your loan obligations (as detailed in the loan contract), asset security will never be needed. For loans over $150K typically, you will need personal guarantee and security in the form of an asset charge.
