The eligibility requirements for an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Need more funds? Find out the eligibility requirements for our $100K-$500K company loan.
All that is needed to start is your contact information (company name, your name, email address, phone) along with the amount you’d like to borrow as well as your monthly income.
Through the process and before settlement we will require confirmation of who you are but not before we can begin:
After we start, for loans that exceed $150,000, you’ll also need the following financial statements:
Let’s get started now.
Brisbane unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow friendly repayments that are either daily or weekly.
It is possible to apply to the Small Business Loan in under 10 minutes online or over the phone, receive a same day response and have the funds in your account in 24 hours. Traditional business loans are based on an annual rate of interest together with additional fees and charges. We offer a company loan is a cash-based loan so you will be aware in advance of the amount you will have to pay, including the interest, fees and charges. This is then broken down into either a daily or weekly amount to be paid back.
It is a Small Business Loan can be used for almost any company purpose including managing cash flows, business remodeling, marketing to purchase inventory or 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 growth opportunities. Loans range between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate your cash flow.
The Larger Business Loan has an Origination Fee, determined at 2.5% of the loan amount.
To be eligible for a loan in this amount the company needs to have been in operation 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) at least 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A Business Loan of a larger size is a great option for almost all business need, including company renovations, to purchase equipment or inventory or as general working capital and much more. The loan is not available for personal reasons.
Asset security is needed for funding of more than $150,000. It is usually by taking a charge against assets, which could also include registering this on the PPSR or the registration of as a caveat.
A personal or director’s guarantee is a promise to repay a loan which is general in nature, rather than defining security over an asset. The person who signs the guarantee is personally accountable if the company creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including objects or assets). The PPSR allows priority over personal property to be assigned in accordance with the date on which a security interest was registered.
The caveat can be described as a formal document lodged to offer notice of a legal claim on a property.
If you’re seeking larger company loans of more than $250,000 it’s possible to offer an initial pre-approval to ease the process. We may be able to apply for this without a credit check and within six hours of your initial application. This pre-approval is based on a preliminary assessment which includes answering a couple of financial well-being questions. It is not an offer of credit or guarantee of financing. The approval of a conditional loan is subject to an extensive credit evaluation and any offer you may receive may have different conditions.
You may apply for an business loan if you:
The process for applying is fast and easy. Simply complete the online form in just a few minutes, and a dedicated company credit specialist will be in touch to help you.
To apply for up $100,000, you’ll require identification details (valid Driver’s License), a valid NZBN/IRD as well as at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll also need:
$100K – $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 to $500K: Details for application including credit consent and 12 months of bank records, IRD statements and the last two years’ finalised financial statements, and interim financial statements for the current year as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K and up) we typically provide an answer in just one hour – as long as you apply in quality company timings and let us use the advanced bank verification system to instantly verify your bank details online. If you decide to upload copies of your bank statements , we are able to provide the decision within one company day.
For the Larger Business Loan ($100K or more) we may be likely to provide you with pre-approval conditional to your application in around 6 hours. Once you have signed the pre-approval document, you will need to wait about 2-3 days for final approval. However, this can be quicker based upon the circumstances for each application. Certain transactions have received approval within 24 hours.
The most effective method for you to apply is make sure you apply during standard business hours. You can also allow us to use the advance bank verification to instantly check your bank’s information online. If you opt to send us the copies of bank statements it takes a bit longer.
For the Small Business Loan ($5K and up) We can usually offer an answer within an hour – as long as you apply in standard business times and let us use the advanced bank verification system to instantly verify your bank information online. If you choose to submit copies of your bank statements we can offer the decision in as little as an business day.
For Larger Business Loans ($100K up to $500,000) We may be in a position to offer you with a conditional pre-approval within about 6 hours. After you’ve signed the pre-approval document, you will require to wait about 2-3 days for final approval. However, this could be shorter based on the particular circumstances of each application. Some transactions have received approval in less than 24 hours.
The most effective method for you to apply is make sure you apply during normal business hours. Also, allow us to use the advanced bank verification system to instantly check your bank’s information online. If you decide to send us the copies of bank statements, it will take a little longer.
We offer loans that range from $5,000 and $500,000. When you make an application for a certain amount, we look at a variety of factors in order to assess the health of your company and the level of repayments that your company can support. The total amount of the loan will be determined by the particular circumstances the company.
When you submit an application for a particular amount, we take into consideration a variety of variables to determine your well-being that is your company and the amount of the repayments your company can afford. The total amount of your loan will depend on the specifics the business.
When you apply for the business loans, we will assess the risk profile the business and offer you with a tailored offer including the amount of the loan, the duration and the interest rates. It is a business loan is an upfront-priced loan so you will be aware in advance of the total amount you will have to pay, including interest rates, fees or charges.
The interest rates on company loans rates vary due to factors like the amount of money borrowed, what business assets the money are used to purchase as well as the field the business is operating in, how long the company has been in operation, whether the company has enough cash flow to pay for the loan, and overall health or creditworthiness of the business.
There are no hidden fees for our business loans, and you’ll be aware of the amount you need to pay and at what time, from day one. There’s no compounding interest, and no additional fees (as long as you are able to make your payments on time).
We do not charge an application fee. You can request a credit loan with no cost upfront or obligation to proceed.
The Origination Fee covers the costs associated with establishing and managing the loan. The only way to pay this fee if you proceed with the loan. The Origination Fee for us is 2.5 percent of the loan amount.
You may choose to pay back the total amount of your loan early at any time.
If you do decide to do this please call our helpful company loan specialists. We will offer you with details on repayment and an early payout figure. This will be calculated as the sum of the principal remaining and any accrued interest at the time of the early payout in addition to 1.5% of the principal balance plus any outstanding fees.
To ensure that you don’t miss payment dates and to align with your cash flow cycle we provide repayments either daily or weekly. They will be automatically deducted from your designated business account.
The security of your personal information, as well as knowing the ways we gather the information we collect, use, share and protect your information, is of huge importance and is an essential aspect of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal financial information and our funders are ISO 27001 qualified for our commitment to protecting the security of customers and security. We employ an exceptionally sophisticated banking verification system to immediately confirm your bank account information online to offer an immediate response.
An asset-based loan is when an business owner makes use of an asset they own to obtain the funding. The asset can be an individual asset, such as the family home, or an business asset such as a truck or piece of equipment.
The vast majority of banks, even the largest banks, are inclined to secure loans against assets. If you have trouble paying back the loan then the asset could be transferred to the lender. In essence, it’s the process of securing new financing by taking advantage of the value of what you already have.
Up to $150,000 in loans there is no requirement for asset security in advance to gain access to the funds but we do require a personal guarantee. If you adhere to your loan obligations (as stipulated in your loan contract document) Asset security is not required. For loans of over $150,000 generally there is an individual guarantee and security in the form an asset charge.
