The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Need more funds? Check out the eligibility requirements for our $100K-$500K company loans.
All that’s needed to start is your contact details (company name and your name, as well as email and phone) as well as the amount you’d like to lend, as well as your monthly income.
Through the process and before settlement we’ll require confirmation of who you are, however, not in order to begin:
Additionally after we get started when it comes to loans over $150,000 you’ll also need the following financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.
You can apply for the Small Business Loan in under 10 minutes online or over the phone, receive a same day response and the money could be in your account in 24 hours. Traditional business loans reference an annual rate of interest together with additional fees and charges. The company loan is a loan that is priced upfront therefore you’ll be aware in advance of the total amount due, which includes any fees, interest or charges. Then, it is broken down into either weekly or daily payment amount.
A Small Business Loan can be used for almost any business need, such as control of cash flow company remodels and marketing, to purchase inventory or new equipment, to fund general working capital and 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 company expansion opportunities. The loan ranges from $100,000 to $500,000 with a term fixed with a maximum of 36 months. Repayments are either weekly or fortnightly in order to accommodate your situation.
The Larger Business Loan has an Origination Fee, determined at 2.5 percentage of the amount of the loan.
To be eligible for a loan that is this large, your business needs to have been trading for at least 3 years and generate an annual revenue of $700K. Your company must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.
A Business Loan of a larger size can be used for nearly any company purpose including company renovations, to purchase new equipment or inventory for general working capital, and much more. The loan is not available to fund personal expenses.
Asset security is needed to access funding over $150,000. This can be done by taking a charge on assets, and may be registered with the PPSR or registering a caveat.
A director’s or personal guarantee is a commitment to pay back a loan that is general in nature rather than defining the security for a particular asset. The person who is signing the guarantee is personally liable in the event that the business borrower is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It reflects security interests that are registered for personal property (including the assets or goods). The PPSR grants priority over personal property to be assigned according to the date the security interest has been registered.
An affidavit is an official document lodged to provide the legal claim to property.
When you’re applying for the Larger Business Loan that exceeds $250K we can offer an initial pre-approval to ease the process. We could be able to do this without a credit verification and within six hours of your initial application. This pre-approval is based on an initial assessment, which involves the answer to a series of financial health questions. This is in no way an offer, nor is it a guarantee of finance. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer you are offered could be on different conditions.
You can apply for an company loan if you:
The application process is simple and simple. Just fill out the online application within a few minutes and a dedicated company credit specialist will call you to assist you.
To apply for up $100,000, you’ll require identification details (valid Driver’s Licence), a valid NZBN/IRD and at least six months of bank statements.
For larger loan sizes, you’ll also need:
$100K-$250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K to $500K: Information on the application including credit consent, 12 months of bank records, IRD statement, last 2 years finalised financial statements, plus interim current financial year financials such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K up to $100,000) we typically provide an answer within one hour if you make your application at standard business timings and allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you decide to submit copies of your bank statements we can offer an answer in as little as one business day.
For the Larger Business Loan ($100K and up) we could be in a position to provide you with pre-approval conditional to your application in about 6 hours. Once you have signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this could be shorter based on the particular circumstances of each application. Some offers have been approved within the space of 24 hours.
The fastest way for you to apply is ensure you apply during standard company hours, and allow us to use our advanced bank verification system link to instantly check your bank’s information online. If you upload duplicates of your banking statements , it can take a bit longer.
For the Small Business Loan ($5K and up) we usually offer an answer in just one hour – as long as you submit your request within normal business time and permit us to use the advanced bank verification system link to instantly verify your bank information online. If you decide to upload copies of your banking statements, we will be able to offer a decision in just 1 business day.
If you are applying for Larger Business Loans ($100K and up) We may be capable of offer you with conditional pre-approval within about 6 hours. Once you’ve signed your pre-approval form, it will take between 2 and 3 days for the final approval, however this can be faster depending upon the circumstances for each application. Some deals have been approved within just 24 hours.
The most efficient method is to ensure you apply during standard business hours. You can also allow us to use the sophisticated bank verification link to instantly confirm your bank details online. If you opt to send us copies of your bank statement, it can take a bit longer.
We provide loan amounts between $5,000 to $500,000. If you apply for a specific amount we take into consideration a range of elements in order to assess what is the health that is your business and the level of payments your company can afford. The total amount of your loan will be contingent on the specifics that are unique to your company.
If you apply for a set amount, we take into consideration a variety of aspects to determine how much we can lend you such as health of your company and the level of payments your company can afford. The amount you receive from your loan will be contingent on the particulars of your business.
When you make an application for business loans with us company credit, we’ll assess the risk assessment that you have for your business and provide an individualised offer that includes the amount of the loan, the duration and interest rates. A business loan is a loan that is priced upfront therefore you will know in advance the total amount payable including any charges or interest.
Business loan interest rates differ based on various factors including the amount borrowed, the business assets the funds are used to purchase and the sector the business operates in, how long the company is in operation, how long the business has enough cash flow to cover the loan, and also the general health or financial standing of the company.
There are no hidden costs for our company loans. You’ll know exactly how much it is that you need to pay and at what time, from the first day. There’s no compounding interest and no extra fees (as as you make your payments in time).
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 includes the expenses associated with setting up and managing the loan. The only way to pay this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percentage of the amount of the loan.
You can decide to repay the entire amount of your loan in full at any time.
If you are deciding to do this please contact our helpful company credit specialists. They’ll provide you with details for repayment as well as an early payout amount. The figure will be calculated as the total of the principal amount remaining and accrued interest to the time of early payment plus 1.5% of the principal amount remaining and any outstanding fees.
In order to help you avoid missing repayments and to fit in with your cash flow cycle we provide repayments either daily or weekly. They will be automatically deducted from your designated business account.
Protecting your information, and making it clear the ways we gather the information we collect, use, share and protect your information, is of paramount importance and an integral aspect of our relationship with you.
Yes. We make use of industry-standard encryption standards to secure your personal, sensitive and financial data and our funders are ISO 27001 certified for our commitment to customer security and privacy. We make use of an advanced bank verification system that allows you to immediately confirm your bank account information online to provide quick responses.
Asset-based borrowing occurs when a company owner borrows from assets they own to get the funding. The asset can be either an individual asset, such as the family home or an company asset such as a vehicle or other piece of machinery.
The vast majority of the lenders not just the big banks, tend to make loans secured by an asset. If you are having difficulty paying back the loan, then the asset could be transferred to the lender. In essence it is the process of securing new financing using the value of what you already own.
For loans of up to $150,000, the requirement for asset security is not required before you can access the money However, we require a personal guarantee. require the personal guarantee. In the event that you fulfill your loan obligations (as detailed in your loan contract document) Asset security is not needed. For loans that exceed $150,000, generally, there is the option of a personal guarantee and security that is in the form an asset charge.
