The requirements for getting an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Looking for more funding? Find out the eligibility requirements for our $100K to $500K company credit.
All that is needed to get started is your contact details (company name, your name, email address and phone) and the amount you’d like to lend, and your monthly revenue.
While in the process and before settlement we’ll need confirmation of who you are, but not before we can begin:
In addition, once we have started in the process, for loans of more than $150,000 you will also require basic financial statements:
Let’s get started now.
Brisbane unsecured loans provides the range of $5,000 to $100,000 with terms between 3 and 24 months. They also offer cash flow-friendly repayments that are either per day or weekly.
You can apply for this Small Business Loan in under 10 minutes by phone. You will receive an immediate response, and the money could be available in just 24 hours. Traditional business loans reference an annual interest rate as well as other fees and charges. Our business loan is an upfront priced loan therefore you’ll 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 weekly or daily payment amount.
It is a Small Business Loan can be used for almost every company reason, such as managing cash flows, company improvements, advertising, to purchase inventory or new equipment, as general working capital and so much more. The loan cannot be used to fund personal expenses.
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 with a maximum of 36 months. Repayments are either weekly or fortnightly, depending on the flow of cash.
The Larger Business Loan has an Origination Fee that is determined at 2.5% of the loan amount.
To be eligible for a loan of this size the company needs to have been trading for at least 3 years and have an annual turnover of $700K. Your company must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old as well as own a New Zealand business (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.
A Larger Business Loan can be used for nearly every business use, including business remodeling, buying new equipment or inventory for general working capital, and much more. The loan cannot be used for personal use.
Asset security is needed to obtain funding above $150,000. This can be done in the form of a charge over assets, and could include registering this on the PPSR or registering a caveat.
A director’s or personal guarantee is a promise to pay off a credit line that is general in nature, rather than stipulating security over an asset. The person signing the ensure is personally liable if the business creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It contains security interests that are registered for personal property (including objects or assets). The PPSR permits prioritisation over property that is personal to be granted depending on the date that a registration of a security interest.
An affidavit is an official document filed to offer notice of a legal claim against a property.
If you’re applying for an enterprise loan that is greater than $250,000 we can offer an initial pre-approval in order to smooth out the process. It is possible to apply for this without credit checks and within 6 hours of the initial application. The pre-approval process is based on an initial assessment that includes you answering a few financial health checks. It’s in no way an offer, nor is it a guarantee of funds. A conditional approval is subject a full credit assessment and any offer you may receive may be subject to different terms.
You are eligible to apply for a company loan if you;
The process for applying is fast and simple. Simply complete the online form in few minutes and a dedicated business credit specialist will be in touch to guide you through the process.
To apply for up $100,000, you’ll need proof of identity (valid Driver’s License) as well as a valid NZBN/IRD and at least six months of bank statements.
For larger loan sizes, you’ll need:
$100K-$250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Details for application including credit consent twelve month bank accounts, the IRD statements and the last two years’ finalised financial statements, in addition to interim financial statements for the current year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K to $100K) We can usually provide an answer within one hour – as long as you make your application at quality business timings and let us make use of the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your banking statements we can provide an answer within just one business day.
If you are applying for a Larger Business Loan ($100K or more) we may be in a position to offer you with conditional pre-approval within about 6 hours. Once you have signed the pre-approval form, it will take around 2-3 days for final approval, however this can be quicker based on the particular circumstances of each application. Some deals have been approved within just 24 hours.
The quickest method would be to make sure you apply during normal company hours. Also, allow us to use the advance bank verification link to instantly verify your bank account information online. If you decide to send us documents from your account statements it may take a bit longer.
For the Small Business Loan ($5K to $100K) we can often provide a response in one hour – provided you submit your request during normal business times and you allow us to use the bank verification system link to instantly verify your bank details online. If you choose to submit copies of your bank statements, we will be able to provide the decision in just an business day.
For Larger Business Loans ($100K up to $500,000) We may be capable of provide you with conditional pre-approval in about 6 hours. Once you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, this could be shorter based on the circumstances of each application. Some offers have been approved within the space of 24 hours.
The most efficient method is to make sure you apply during standard business hours, and let us use the sophisticated bank verification to check your bank’s information online. If you upload copies of your bank statements, it may take a bit longer.
We provide loan amounts between $5,000 to $500,000. When you submit an application for a particular amount, we take into consideration a range of variables to determine your well-being for your company and the amount of the repayments your company can afford. The amount you receive from your loan will depend on the particular circumstances of your company.
When you make an application for a particular amount, we take into consideration a variety of aspects to determine how much we can lend you such as well-being for your company and the extent of payments your business can support. The total amount of your loan will be determined by the specific circumstances that are unique to your business.
If you decide to request the company financing, we will assess the risk profile for your company and provide you with a customised proposal that includes the amount of loan, the term and the interest rates. The business loan is an upfront-priced loan so you will be aware in advance of the total amount to be paid, including any costs, fees, or interest rates.
Business loan interest rates vary due to factors including the amount of money borrowed, the business assets the money are used to purchase and the sector the business is operating in, how long the business has been running, whether the business has enough cash flow to fund the loan, as well as the overall well-being or creditworthiness of the company.
There are no hidden costs for our company loans. You’ll know precisely how much you be required to pay and when, starting from day one. There’s no compounding interest, and no extra fees (as long as you are able to make your payments in time).
We don’t charge an application fee. You are able to request a credit loan no cost upfront or the obligation to take action.
The Origination Fee covers the expenses involved with establishing and managing the loan. The only way to pay this cost if you take out the loan. The Origination Fee for us is 2.5% of the amount of the loan.
You can choose to repay the entire amount of the advance loan at any time.
If you are deciding to do this please contact our helpful company loans professionals. We will provide you with the details of your repayment and an early payout figure. This is calculated as the sum of the principal balance plus any accrued interest as of the time of the early payout plus 1.5% of the principal remaining plus any outstanding fees.
In order to help you avoid missing payment dates and to align your cash flow schedule, we offer repayments that are either weekly or daily. These are automatically deducted from your business account.
Making sure that your information is secure, and making it clear how we collect information, use it, and exchange it, as well as safeguard your data, is vital and is an essential part of our relationship you.
Yes. We utilise industry-recognised encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 certified for our dedication to security for our clients and security. We use an advanced bank verification system to immediately verify your bank account information online to provide an immediate response.
Asset-based borrowing is when the business owner borrows from an asset that they own to secure the funds for a loan. The asset could be an individual property, such as the family home or an company asset such as a vehicle or piece of equipment.
The majority of banks, not just the largest banks, are inclined to guarantee loans against assets. If you are having difficulty paying back the loan then your asset may be offered for sale by the lender. In essence it is means of securing new financing by using the value of what you already have.
Up to $150K in loans no asset security is required in advance to gain access to the funds However, we do need an individual guarantee. If you adhere to the loan terms (as stated in the loan contract) the security of assets is not needed. For loans of over $150K generally there is the option of a personal ensure and security that is in the form a charge over assets.
