The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K is fairly low.
Need more funds? Review the eligibility requirements for our $100K to $500K business credit.
All you need to get started is your contact details (the name of your company, your name, email and phone) along with the amount you’d like to borrow and your monthly revenue.
During the process and before settlement we’ll need confirmation of your identity, but not for starting:
Once we’ve started with loans that exceed $150,000, you’ll need the following financial statements:
Let’s get started.
Brisbane unsecured loans provides amounts 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.
You can apply to get your Small Business Loan in under 10 minutes over the phone. You’ll get a same day response and the funds could be available in just 24 hours. Traditional business loans have an interest rate per annum along with other charges and fees. This company loan is a cash-based loan which means you know in advance the total amount due, which includes any fees, interest or charges. This is then broken down into a daily or weekly payment amount.
A Small Business Loan can be used to fulfill almost any company purpose including the management of cash flow, company remodels and marketing to purchase inventory, new equipment, as general working capital and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size loan to aid in business expansion opportunities. Loans are between $100,000 and $500,000 for a fixed period of for up to 36 months. Repayments are either weekly or fortnightly to work with your situation.
A Larger Business Loan has an Origination Fee which is determined at 2.5% of the loan amount.
In order to be eligible for a loan of this size the company needs to be operating for at least three years with an annual turnover of $700,000. You must be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of continuous trading.
A larger business loan is a great option for almost any business need, including company renovations, purchase of new equipment or inventory for general working capital and much more. The loan is not available for personal use.
Asset security is necessary for accessing funds over $150,000. It is usually by way of charge on assets, which could also include registration with the PPSR or making a caveat.
A personal or director’s ensure is a guarantee to repay a loan which is generally in nature rather than specifying the security for a particular asset. The person who is signing the guarantee is personally accountable if the business the borrower fails 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 which are registered with respect to personal property (including goods or assets). The PPSR permits priority over personal property to be assigned according to the date a registration of a security interest.
Caveats are legal form of document to offer an official notice of a claim on a property.
If you’re applying for an enterprise loan that is greater than $250K we can offer an initial pre-approval to make the process. We might be able to get this done without a credit check, and within 6 hours of your initial application. This pre-approval is made based on an initial evaluation that involves you answering a few financial health checks. It’s neither an offer nor a guarantee of credit. Acceptance without condition is subject to an extensive credit evaluation and any offer you are offered could be based on different terms.
You may be eligible for an company loan if you:
The application process is fast and easy. Just fill out the online application within a few minutes and a dedicated company lending specialist will be in touch to guide you.
For a loan of up to $100,000, you’ll require proof of identity (valid Driver’s License), an active NZBN/IRD, and at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K – $250K: Details of 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, 12 months of bank records, IRD statement, last 2 years finalised financial statements, as well as interim financial statements for the current year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K to $100K) We can usually offer an answer within an hour – as long as you submit your request during quality business time and you allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you decide to upload copies of your banking statements we can offer the decision in as little as 1 business day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we may be in a position to offer you with a conditional pre-approval in about 6 hours. Once you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, this may be quicker depending on the particular circumstances of each application. Certain deals have been approved in the space of 24 hours.
The most effective method can be ensure you apply during normal business hours, and permit us to use the advanced bank verification system link to instantly confirm your bank details online. If you upload documents from your account accounts, it may take a bit longer.
For the Small Business Loan ($5K or more) We can usually provide a response in one hour – provided you submit your request during normal business time and permit us to use the bank verification system link to instantly verify your bank details online. If you choose to submit copies of your bank statement, we’ll provide a decision within the span of one business day.
For Larger Business Loans ($100K up to $500,000) we may be likely to offer the conditional pre-approval in about six hours. After you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, it could be faster based upon the circumstances for each application. Certain transactions have received approval in the space of 24 hours.
The quickest method would be to make sure you apply during normal business hours. Also, permit us to use the advanced bank verification system to instantly verify your bank information online. If you opt to send us documents from your account statement, it takes a bit longer.
We provide loan amounts between $5,000 and $500,000. When you make an application for a particular amount, we will consider a number of factors to determine what is the health of your company and the level of repayments your business will be able to support. The total amount of your loan will depend on the specific circumstances of your company.
When you submit an application for a certain amount, we consider a variety of elements to determine your well-being that is your company and the amount of repayments that your company will be able to support. The total amount of your loan will depend on the specifics that are unique to your company.
When you make an application for our business loan, we’ll assess the risk assessment that you have for your company and offer an individualised proposal that includes loan amount, term and interest rates. This business loan is an upfront-priced loan so you will be aware of the total amount due, which includes any charges, interest rates or fees.
Business loan interest rates depend on several factors including the amount borrowed, the company assets the funds will be used for as well as the field the company operates in, the long the company has been operating and how long the business has sufficient cash flow to cover the loan, as well as the general health and creditworthiness of the business.
There are no hidden costs for our business loans, and you’ll know precisely how much you be required to pay, and when, from the first day. There’s not any compounding interest and no extra fees (as long as you are able to make your payments punctually).
We do not charge an application fee. You are able to make an application for loans without any upfront costs or commitment to apply.
The Origination Fee is the cost associated with establishing and managing the loan. You are only charged this cost if you take out the loan. Our Origination Fee is 2.5 percentage of the loan amount.
You can repay the total amount of your loan early at any time.
If you choose to pursue this option, please talk to one of our helpful business credit experts. We will provide you with details on repayment and an early payout figure. This will be calculated as the total of the principal amount remaining and any accrued interest at the time of early payout plus 1.5 percent of the principal amount remaining plus any outstanding fees.
To make sure you do not miss due dates and also to be in line your cash flow schedule, we offer repayments either daily or weekly. These are automatically withdrawn from your nominated business account.
Making sure that your information is secure, and making it clear the ways we gather information, use it, and exchange it, as well as protect your information, is of huge importance and an integral aspect of our relationship with you.
Yes. We utilise industry-recognised encryption protocols to safeguard your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our commitment to protecting the security of clients and security. We use an advanced banking verification system to immediately verify the bank account details online to provide an immediate response.
An asset-based loan is when the company owner utilises an asset that they own to make the funds for a loan. The asset can be an individual asset, such as the family home, or an business asset such as a truck or piece or equipment.
The majority of the lenders even the largest banks, are inclined to make loans secured by an asset. If you’re struggling to pay back the loan then your asset may be offered for sale by the lender. In essence, it is an opportunity to secure additional financing using the worth of the asset you already own.
For loans that exceed $150,000, there is no requirement for asset security before you can access the money, however we do require an individual guarantee. So long as you comply with the loan terms (as stipulated in your loan contract document) Asset security is not needed. For loans that exceed $150,000, generally, you are able to get a personal ensure and security in the form a charge over assets.
