The requirements for obtaining an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Are you looking for additional funding? Check out the guidelines for eligibility for our $100K-$500K company financing.
All you need to begin is your contact information (company name, your name, email, phone), how much you’d like to borrow and your monthly revenue.
While in the process and before settlement we will need confirmation of who you are however, not in order to begin:
In addition, once we have started in the process, for loans of more than $150,000 you’ll also require fundamental financial statements:
Let’s get started.
Brisbane unsecured loans provides the range of $5,000 to $100,000, with terms ranging from 3 and 24 months. They also offer cash flow friendly repayments that are either per day or weekly.
Apply to the Small Business Loan in under 10 minutes online or on the phone. You’ll receive an answer within the same day and funds may be available in just 24 hours. Traditional business loans refer to an interest rate per annum along with other charges and fees. This business loan is a pre-paid loan so you will know in advance the total amount payable including the interest, fees and charges. This is then broken down into weekly or daily repayment figure.
A Small Business Loan can be used for virtually any company use, including cash flow management, business remodels and marketing for purchasing inventory or new equipment, as general working capital and so much more. The loan is not available for personal use.
The Larger Business Loan is a larger loan size to support business growth opportunities. Loans are between $100,000 and $500,000 for a fixed period of up to 36 months. The repayments are made weekly or fortnightly, depending on your cash flow.
The Larger Business Loan has an Origination Fee that is determined at 2.5% of the amount of the loan.
To be eligible for a loan in this amount, your company needs to be operating for a minimum of 3 years, and have an annual income of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand company (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.
A Larger Business Loan can be used for almost every company purpose including company renovations, purchase of equipment or inventory, as general working capital and much more. The loan is not available for personal purposes.
Asset security is necessary for accessing funds over $150,000. It is usually in the form of a charge over assets and can include registering this on the PPSR or filing a caveat.
A director’s or personal ensure is a commitment to repay a loan which is general in nature, rather than stipulating the security for a particular asset. The person who is signing the ensure is personally liable in the event that the business the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It reflects security interests registered in respect of personal property (including goods or assets). The PPSR gives the priority of personal property assigned depending on the date that a security interest that is registered.
The caveat can be described as a formal document that is filed to provide the legal claim to property.
If you’re requesting an enterprise loan that is greater than $250,000 we can offer an initial pre-approval to simplify the process. We could be able to get this done without a credit verification and within 6 hours of the initial application. This pre-approval is based on an initial assessment that includes answering a couple of financial health questions. It’s in no way an offer, nor is it a guarantee of funds. Acceptance without condition is subject to a full credit assessment and any offer you are offered could be on different conditions.
You are eligible to apply for an company loan if you;
The application process is fast and simple. Simply complete the online form within a few minutes and an experienced company lending specialist will contact you to assist you.
To be eligible for up to $100,000, you’ll require ID details (valid Driver’s License) along with a valid NZBN/IRD and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K-$250K: Details of application, including credit approval, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K-$500K: Details of the application, including credit consent twelve month bank accounts, the IRD statement and the last two years’ finalised financial statements, in addition to interim financials for the current financial year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K and up) we can often offer an answer within an hour, provided you apply during quality business time and permit us to utilise the advanced bank verification system link to instantly verify your bank information online. If you opt to submit copies of your bank statements we can provide an answer within just one business day.
If you are applying for a Larger Business Loan ($100K or more) we might be likely to provide the conditional pre-approval in around 6 hours. After you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, this could be shorter based on the particular circumstances of each application. Some offers have been approved in less than 24 hours.
The most efficient method would be to make sure 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 choose to send us the copies of bank statements , it can take a bit longer.
For the Small Business Loan ($5K to $100K) we typically provide an answer within one hour – as long as you submit your request at normal business timings and allow us to use the bank verification system link to immediately verify your bank account information online. If you choose to send us copies of your bank statement, we’ll provide the decision in as little as one business day.
For the Larger Business Loans ($100K and up) We may be capable of provide you with conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval form, it will take about 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Certain agreements have been approved within just 24 hours.
The fastest method for you to apply is make sure you apply during normal business hours. You can also allow us to use our advanced bank verification system to instantly verify your bank information online. If you opt to send us the copies of bank statements it takes a bit longer.
We provide loans that range from $5,000 to $500,000. When you make an application for a certain amount, we consider a variety of variables for determining how much we can lend you well-being that is your company as well as the amount of the repayments your business is able to afford. The amount you receive from your loan will depend on the specifics of your business.
When you make an application for a certain amount, we will consider a number of factors to assess the well-being of your company as well as the amount of repayments your company can afford. The amount you receive from the loan will be determined by the particulars the business.
If you decide to apply for the business loans, we’ll assess the risk assessment that you have for your business and provide an individualised proposal that includes 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 of the total amount due, which includes any costs, fees, or interest rates.
Interest rates for business loans rates vary due to factors including the amount borrowed, what business assets the funds will be used for, the industry the company is in, how long the business has been operating, what percentage of the company has sufficient cash flow to cover the loan, and the general well-being or financial standing of the company.
There aren’t any hidden costs with our company loans. You’ll know precisely what you’ll be required to pay and when, right from the very first day. There’s no compounding interest, and the loan comes with no additional fees (as as long as you pay your payments punctually).
We don’t charge an application fee. You can apply for a loan with with no upfront cost or the obligation to take action.
The Origination Fee covers the costs associated with establishing and managing the loan. You are only charged this fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the amount of the loan.
You may choose to pay back the total amount of your loan in full at any time.
If you do decide to do this please talk to one of our helpful business loans experts. The professionals will offer you with details on repayment and an early payout figure. It will be calculated using the sum of the remaining principal amount and accrued interest to the time of the early payout and 1.5 percent of the remaining principal and any outstanding fees.
To ensure that you don’t miss payment dates and to align with your cash flow cycle we offer repayments either weekly or daily. These are automatically withdrawn from your company account.
The security of your personal information, as well as making it clear how we collect the information we collect, use, share and ensure the security of your information is of paramount importance and a vital part of our relationship with you.
Yes. We utilise industry-recognised encryption standards to protect your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our commitment to security for our clients and privacy. We employ an exceptionally sophisticated banking verification system to instantly verify your bank account information online. This allows us to offer quick responses.
The term "asset-based" refers to borrowing where the company owner borrows from assets they own to secure a loan. The asset can be either a personal asset like the family home, or a company asset such as a vehicle or piece or equipment.
The majority of lending institutions, not just the big banks, tend to guarantee loans against assets. If you have trouble paying back the loan, your assets could be offered for sale by the lender. In essence it’s the process of securing new funding using the value of what you already own.
For loans of up to $150,000, there is no requirement for asset security upfront to access the money, however we require a personal guarantee. require the personal guarantee. If you adhere to the loan terms (as stipulated in your loan contract) and you are able to meet your obligations, asset security is not required. For loans over $150K generally, you can get a personal ensure and security is provided in the form of charges on assets.
