The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Find out the guidelines for eligibility for our $100K-$500K company loans.
All that’s needed to begin is your contact details (company name, your name, email, phone) along with the amount you want to borrow, and your monthly income.
Through the process and before settlement we will require confirmation of your identity however, not in order to begin:
Additionally after we get started with loans greater than $150,000 you will also require basic financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.
The application to this Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive a same day response and the money could be available in just 24 hours. Traditional business loans reference an interest rate per annum along with other charges and fees. This company loan is a pre-paid loan and you’ll know in advance the total amount due, which includes any fees, interest or charges. This is then broken down into weekly or daily amount to be paid back.
The Small Business Loan can be used for almost any business purpose including cash flow management, company remodels and marketing for purchasing inventory or new equipment, as general working capital and so much more. The loan is not available for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans are between $100,000 and $500,000 over a fixed term up to 36 months. Repayments are either 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 be eligible for a credit in this amount the business needs to be trading for at least 3 years with an annual turnover of at least $700K. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand business (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.
A Business Loan of a larger size is a great option for almost all business purpose including business renovations, purchase of equipment or inventory as well as for general working capital, and much more. The loan cannot be used for personal use.
Asset security is needed for funding of more than $150,000. It’s in the form of a charge on assets, and could be registered with the PPSR or filing as a caveat.
A personal or director’s ensure is a commitment to pay off a credit line that is generally based rather than specifying security over an asset. The person who is signing the ensure is personally liable if the business creditor is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including the assets or goods). The PPSR allows preference over private property granted according to the date a registration of a security interest.
A caveat is a legal document filed to provide an official notice of a claim to property.
If you’re seeking an enterprise loan of more than $250,000 we can offer an initial pre-approval to make the process. We might be able to apply for this without a credit check and within 6 hours of your initial application. The pre-approval process is based on an initial assessment that includes the answer to a series of financial health questions. It’s not an offer of credit or guarantee of financing. A conditional approval is subject a full credit assessment and any offer you are offered could have different conditions.
You are eligible to apply for an company loan if you:
The application process is fast and easy. Simply complete the online form within a few minutes and a dedicated business loan specialist will be in touch to guide you.
For a loan of up to $100,000 you’ll need identification details (valid Driver’s License) as well as an active NZBN/IRD, and at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K to $250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K – $500K: Information on the application including credit consent twelve months bank statement, an IRD statements Last 2 years’ finalised financial statements, as well as interim financials from the current financial year such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K or more) we can often provide a response in one hour – as long as you apply in standard company time and let us use the advanced bank verification system to instantly verify your bank details online. If you opt to submit copies of your bank statements , we are able to offer a decision within one company day.
For the Larger Business Loan ($100K to $500K) we may be able to provide the conditional pre-approval in about six hours. Once you have signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, this may be quicker depending upon the circumstances for each application. Certain transactions have received approval within just 24 hours.
The most effective method can be ensure you apply during standard business hours, and permit us to use the advance bank verification to confirm your bank details online. If you opt to upload copies of your bank statements it will take a little longer.
For the Small Business Loan ($5K and up) we can often provide an answer within one hour if you submit your request within normal business hours and let us use the bank verification system link to instantly verify your bank details online. If you decide to upload copies of your banking statement, we’ll provide a decision in as little as an business day.
For the Larger Business Loans ($100K and up) we might be able to provide you with a conditional pre-approval within 6 hours. Once you have signed the pre-approval, the turnaround time is about 2-3 days for final approval, however it could be faster based on the specifics of each application. Some agreements have been approved in just 24 hours.
The quickest method is to ensure you apply during normal business hours. You can also allow us to use our advance bank verification link to instantly verify your bank account information online. If you opt to send us copies of your bank statements, it may take a bit longer.
We provide loans that range from $5,000 to $500,000. When you make an application for a certain amount, we consider a variety of aspects for determining what is the well-being of your business as well as the amount of repayments your company can support. The amount you receive from the loan will be determined by the specifics of your business.
When you submit an application for a specific amount we consider a variety of factors to determine your well-being for your company as well as the amount of repayments your company is able to afford. The amount you receive from your loan will depend on the particulars of your company.
If you decide to make an application for business loans with us business loans, we’ll assess the risk assessment the business and offer you with a customised offer, including loan amount, term and interest rates. This company loan is an upfront-priced loan which means you know the exact amount payable including any costs, fees, or interest rates.
The interest rates on company loans rates depend on a variety of factors such as the amount that is borrowed, what business assets the money will be used for, the industry the company operates in, the long the company has been in operation for, in the event that the company has enough cash flow to fund the loan, as well as the general health or creditworthiness of the business.
There are no hidden costs with our company loans. You’ll be aware of the amount you’ll be required to pay and at what time, from the day you sign up. There’s no compounding interest and there are no additional charges (as long as you are able to make your payments punctually).
We do not charge an application fee. You can request a credit loan absolutely no upfront cost and no any obligation to sign up.
The Origination Fee covers the expenses involved with establishing and managing the loan. The only way to pay this cost if you take out the loan. Our Origination Fee is 2.5 percentage of the loan amount.
You can choose to repay the total amount of your loan in full at any time.
If you decide to do this please speak to our friendly business loan specialists. The professionals will provide you with the details of your repayment and an early payout figure. It will be calculated using the sum of the principal balance plus any accrued interest as of the time of the early payout and 1.5% of the principal remaining and any fees that remain unpaid.
To make sure you do not miss repayments and to fit in your cash flow schedule, we offer repayments either daily or weekly. They are automatically deducted from your designated company account.
Making sure that your information is secure, and being transparent about the ways we gather information, use it, and exchange it, as well as secure your information, is crucial and an integral aspect 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 qualified for our commitment to customer security and privacy. We use an advanced bank verification system to immediately verify the bank account details online to provide a fast response.
An asset-based loan is when an business owner uses the assets they have to get a loan. The asset can be either an individual asset, such as the family home or a business asset such as a truck or other piece of machinery.
The majority of banks, even the major banks, prefer to guarantee loans against an asset. If you’re having trouble paying back the loan, the asset might be transferred to the lender. In essence, it’s an opportunity to secure new funding using the value of what you already own.
For loans up to $150,000 the requirement for asset security is not required in advance to gain access to the funds however, we do require an individual guarantee. So long as you comply with the terms of your loan (as stipulated in your loan contract) Asset security is not needed. For loans over $150,000 generally there is a personal ensure and security is provided in the form of charges on assets.
