The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Take a look at the guidelines for eligibility for our $100K to $500K business loans.
All that is needed to start is your contact details (company name, your name, email and telephone) along with the amount you’d like to borrow and your monthly income.
During the process and before settlement we’ll need confirmation of your identity, but not to get started:
In addition, once we have started, for loans over $150,000 you’ll also require the following financial statements:
Let’s get started.
Brisbane unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 months and cash flow friendly repayments which can be made daily or weekly.
You can apply for this Small Business Loan in under 10 minutes online or over the phone, receive an immediate response, and have the funds on your account within 24 hours. Traditional company loans reference an interest rate per annum together with additional fees and charges. The business loan is an upfront priced loan so you will know ahead of time the amount you will have to pay, including any fees, interest or charges. This is then broken down into either a daily or weekly repayment figure.
It is a Small Business Loan can be used for virtually any company need, such as the management of cash flow, company remodeling, marketing for purchasing inventory or new equipment, to fund 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 company growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term for up to 36 months. Repayments are scheduled weekly or fortnightly to work with you cashflow.
This Larger Business Loan has an Origination Fee that is determined at 2.5 percent of the amount of the loan.
In order to be eligible for a loan in this amount the company needs to be in operation for at least 3 years, and have an annual income of $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A Larger Business Loan is a great option for almost all company purpose including business renovations, to purchase equipment or inventory, as general working capital, and much more. The loan is not available to fund personal expenses.
Asset security is necessary to access funding over $150,000. It is usually in the form of a charge on assets and can include the registration of this in the PPSR or making as a caveat.
A personal or director’s guarantee is a promise to repay a loan which is generally based rather than stating security over an asset. The person who signs the guarantee is personally liable in the event that the business borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including the assets or goods). The PPSR gives prioritisation over property that is personal to be granted in accordance with the date on which a security interest that is registered.
An affidavit is an official document that is filed to offer the legal claim to property.
If you’re seeking larger company loans that is greater than $250,000, we may offer an initial pre-approval to make the process. We may be able to get this done without a credit check and within six hours of your initial application. The pre-approval is based upon an initial assessment, which involves the answer to a series of financial well-being questions. It’s in no way an offer, nor is it a guarantee of finance. Acceptance without condition is subject to an assessment of your creditworthiness and any offer you are offered could be subject to different terms.
You are eligible to apply for an business loan if you;
The application process is quick and easy. Just fill out the online application within a few minutes and a dedicated business loan specialist will be in touch to guide you.
To apply for up $100,000, you’ll require the right identification documents (valid Driver’s License) along with a valid NZBN/IRD and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K to $250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Information on the application including credit consent as well as 12 months of bank records, IRD statement and the last two years’ finalised financial statements, as well as interim financials from the current financial year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K to $100K) we can often provide an answer in just one hour – as long as you submit your request within quality company time and permit us to use the advanced bank verification system link to instantly verify your bank details online. If you choose to upload copies of your banking statements we can provide an answer 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 conditional pre-approval within 6 hours. After you’ve signed the pre-approval document, you will need to wait approximately 2-3 days to receive final approval, however it could be faster based upon the circumstances for each application. Certain offers have been approved within the space of 24 hours.
The most effective method is to make sure you apply during standard business hours and permit us to use the modern bank verification link to confirm your bank details online. If you opt to send us the copies of bank statement, it takes a bit longer.
For the Small Business Loan ($5K or more) we usually offer an answer in just one hour, provided you make your application in normal business times and you allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you want to upload copies of your banking statements we can provide an answer in as little as an business day.
For Larger Business Loans ($100K up to $500,000) we might be capable of provide the conditional pre-approval within six hours. After 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 specifics of each application. Some deals have been approved within the space of 24 hours.
The fastest method can be ensure you apply during normal business hours and permit us to use the advance bank verification to instantly verify your bank account information online. If you opt to send us copies of your bank statements it will take a little longer.
We offer loans that range from $5,000 to $500,000. When you make an application for a particular amount, we look at a variety of elements in order to assess what is the health that is your business and the extent of repayments your company can support. The amount you receive from your loan will be contingent on the specifics the company.
If you apply for a particular amount, we take into consideration a variety of variables to assess the health of the business as well as the amount of the repayments your business can afford. The total amount of the loan will be determined by the specific circumstances the company.
When you make an application for our business financing, we will assess the risk profile that you have for your business and offer you with a customised offer, including the amount of loan, the term and the interest rates. This business loan is an upfront priced loan so you will be aware of the total amount due, which includes any costs, fees, or interest rates.
The interest rates on business loans rates differ based on various factors including the amount that is borrowed, what business assets the funds are used to purchase in addition to the industry that the business is operating in, how long the company is in operation, how long the company has enough cash flow to cover the loan, and the general well-being or financial standing of the business.
There aren’t any hidden charges with our business loans. You’ll know exactly how much you need to pay and at what time, from the day you sign up. There’s no compounding interest and no extra fees (as as you make your payments on time).
We don’t charge an Application Fee. You are able to get a cash loan with without any upfront costs or obligation to proceed.
The Origination Fee covers the expenses involved in establishing and managing the loan. You are only charged this cost if you take out the loan. The Origination Fee for us is 2.5% of the amount of loan.
You may choose to pay back the total amount of your loan at any point in time.
If you decide to do this please speak to our friendly business credit experts. They will offer you with details on repayment and an early payment figure. This is calculated as the sum of the remaining principal amount plus any accrued interest as of the time of the early payout, plus 1.5% of the remaining principal plus any outstanding fees.
To ensure that you don’t miss payments and to work your cash flow schedule, we offer repayments that are either daily or weekly. They are automatically deducted from the nominated company account.
Protecting your information, and being transparent about the ways we gather information, use it, and exchange it, as well as safeguard your data, is vital and an integral element of our relationship with you.
Yes. We utilise industry-recognised encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 qualified for our dedication to protecting the security of clients and privacy. We make use of an advanced bank verification system link to instantly verify the bank account details online, allowing us to provide rapid response.
The term "asset-based" refers to borrowing where a company owner uses an asset that they own to get the funding. The asset may be an individual asset, such as the family home, or it could be a company asset such as a truck as well as a piece of machine.
The vast majority of the lenders even the largest banks, are inclined to guarantee loans against an asset. If you are having difficulty paying back the loan then your asset may be sold by the lender. In essence, it’s means of securing additional financing taking advantage of the value of what you already have.
For loans up to $150,000 the requirement for asset security is not required upfront to access the money however, we do need a personal guarantee. In the event that you fulfill the terms of your loan (as detailed in your loan contract document) and you are able to meet your obligations, asset security is not required. For loans that exceed $150,000, generally, there is personal ensure and security in the form the charge of assets.
