The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Looking for more funding? Check out the conditions of eligibility for our $100K to $500K company loan.
All that is needed to begin is your contact details (company name, your name, email and phone), how much you want to borrow, and your monthly income.
Through the process and before settlement we’ll need confirmation of who you are, but not to get started:
Additionally after we get started with loans that exceed $150,000, you will also require fundamental financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 months and cash flow-friendly repayments which can be made daily or weekly.
It is possible to apply for the Small Business Loan in under 10 minutes on the internet or over the phone, receive an immediate response, and funds may be on your account within 24 hours. Traditional company loans are based on an annual rate of interest plus other fees and charges. Our business loan is a pre-paid loan so you will know ahead of time the total amount payable including any interest, fees or charges. This is then divided into weekly or daily repayment figure.
The Small Business Loan can be used to fulfill almost any business use, including control of cash flow business remodels and marketing to purchase inventory, new equipment, to fund general working capital and so much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger loan size to support company growth opportunities. Loans are between $100,000 and $500,000 with a term fixed up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate you cashflow.
A Larger Business Loan has an Origination Fee, calculated at 2.5% of the loan amount.
To qualify for a loan in this amount, your company needs to have been operating for at least three years and generate an annual revenue of $700K. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able to prove at the least 12 months of operating.
A large business loan can be used for almost every company use, including business remodeling, buying new equipment or inventory or as general working capital and much more. The loan cannot be used for personal purposes.
Asset security is needed to access funding over $150,000. It’s as a result of an charge over assets, and may include registering this 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 stating security over a particular asset. The person signing the guarantee is personally responsible if the company 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 records security interests that have been that are registered for personal property (including objects or assets). The PPSR permits preference over private property assigned depending on the date that a registration of a security interest.
Caveats are legal document that is filed to provide the public notice of a legal claim to a property.
When you’re applying for an enterprise loan that is greater than $250,000 it is possible to offer an initial pre-approval that will help make the process. We may be able to do this without a credit check and within six hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering a few financial health questions. This is neither an offer nor a guarantee of funds. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer you might receive could be subject to different terms.
You may be eligible for a company loan if you:
The process for applying is fast and simple. Just complete the online application in few minutes and a dedicated business expert in lending will be in touch to guide you.
To apply for up to $100,000 you’ll need the right identification documents (valid Driver’s Licence), a valid NZBN/IRD and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K to $250K: Application requirements, including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K – $500K: Details of the application, including credit consent, 12 months bank statement, an IRD statement, last 2 years finalised financial statements, plus interim financials from the current financial year including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K up to $100,000) we usually offer an answer within one hour, provided you apply within quality business time and let us make use of the advanced bank verification system to immediately verify your bank account information online. If you opt to send us copies of your bank statements we can offer the decision within one business day.
For the Larger Business Loan ($100K and up) we could be likely to provide you with a conditional pre-approval within about six hours. After you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however this could be shorter based on the particular circumstances of each application. Certain transactions have received approval in just 24 hours.
The quickest method is to make sure you apply during standard company hours. You can also let us use the modern bank verification link to check your bank’s information online. If you opt to upload documents from your account accounts, it takes a bit longer.
For the Small Business Loan ($5K to $100K) we can often provide an answer in just one hour – as long as you apply at normal business time and permit us to utilise the advanced bank verification system to instantly verify your bank information online. If you choose to submit copies of your bank statement, we’ll provide an answer within the span of one business day.
For the Larger Business Loans ($100K or more) We may be in a position to offer you with conditional pre-approval in about six hours. After you’ve signed the pre-approval document, you will require to wait between 2 and 3 days for the final approval, however this may be quicker depending on the specifics of each application. Certain agreements have been approved within 24 hours.
The fastest way can be ensure you apply during standard business hours. Also, permit us to use the advanced bank verification system link to instantly confirm your bank details online. If you upload copies of your bank statements it will take a little longer.
We provide loans ranging from $5,000 to $500,000. If you apply for a certain amount we take into consideration a range of factors for determining how much we can lend you well-being of the company and the extent of the repayments your company is able to afford. The total amount of your loan will depend on the particular circumstances that are unique to your business.
When you apply for a specific amount we consider a variety of variables to determine the well-being for your business and the amount of repayments that your company will be able to support. The amount you receive from your loan will be contingent on the specifics for your business.
If you decide to apply for our company loans, we’ll assess the risk profile that you have for your business and offer you with a tailored offer, including the amount of the loan, the duration and interest rates. A company loan is an upfront priced loan so you will be aware in advance of the total amount payable including any charges or interest.
Business loan interest rates depend on a variety of factors such as the amount that is borrowed, the business assets the funds are used to purchase in addition to the industry that the company is operating in, how long the company is in operation as well as how long the company has sufficient cash flow to support the loan, and also the overall well-being or creditworthiness of the company.
There are no hidden costs with our business loans. You’ll be aware of the amount you’ll be required to pay and when, from the day you sign up. There’s no compounding interest, and no extra fees (as as long as you pay your payments punctually).
We do not charge an application fee. You can make an application for loans absolutely no upfront cost and no commitment to apply.
The Origination Fee covers the costs associated in establishing and managing the loan. This is only a fee if you choose to proceed with the loan. The Origination Fee for us is 2.5% of the amount of loan.
You can repay all of your loan at any point in time.
If you do decide to pursue this option, please talk to one of our helpful business loans professionals. They will provide you with repayment details and an early payment figure. It will be calculated using the sum of the principal amount remaining and the accrued interest up to the date of early payout in addition to 1.5 percent of the principal remaining plus any outstanding fees.
To ensure you do not miss repayments and to fit in with your cash flow standard, we provide payments that are either weekly or daily. These are automatically withdrawn from the nominated company account.
Making sure that your information is secure, and being upfront about how we collect, use, exchange and protect your information, is of paramount importance and an integral aspect of our relationship with you.
Yes. We employ industry-recognised encryption protocols to safeguard your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our commitment to customer security and security. We use an advanced bank verification system link to immediately verify your bank account details online, allowing us to provide a fast response.
An asset-based loan is when a business owner utilises an asset they own to get a loan. The asset may be an individual property, such as the family home or a company asset such as a truck or other piece of machinery.
The vast majority of the lenders even the big banks, tend to guarantee loans against assets. If you’re struggling to pay back the loan then your asset may be sold by the lender. In essence it’s means of securing new financing by making use of the value of what you already have.
For loans that exceed $150,000, there is no requirement for asset security before you are able to access the money However, we do need a personal guarantee. As long as you follow the loan terms (as detailed in your loan contract document), asset security is not required. If you take out loans in excess of $150,000 generally, there is the option of a personal ensure and security is provided in the form of the charge of assets.
