The criteria for eligibility for an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Do you require more money? Find out the eligibility requirements for our $100K-$500K company loans.
All you need to start is your contact details (the name of your company, your name, email address, phone) along with the amount you’d like to borrow and your monthly revenue.
During the process and before settlement we’ll require confirmation of your identity however, not in order to begin:
After we start with loans over $150,000 you’ll need the following financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts between $5,000 and $100,000 with terms between 3 and 24 months, cash flow friendly repayments which can be made daily or weekly.
Apply to this Small Business Loan in under 10 minutes by phone. You will receive an immediate response, and have the funds on your account within 24 hours. Traditional company loans reference an annual interest rate along with other charges and fees. This company loan is a loan that is priced upfront which means you be aware of the total amount payable including any fees, interest or charges. This is then divided into a daily or weekly installment amount.
A Small Business Loan can be used for nearly every company need, such as managing cash flows, business improvements, advertising to purchase inventory, new equipment, as general working capital and much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger loan size to support business 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, depending on your situation.
The Larger Business Loan has an Origination Fee which is determined at 2.5% of the loan amount.
To qualify for a loan in this amount the business needs to have been trading for at least 3 years with an annual turnover of at least $700,000. You must be a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A Larger Business Loan can be used for nearly every company use, including company renovations, purchase of new equipment or inventory, as general working capital and much more. The loan is not available to fund personal expenses.
Asset security is necessary to obtain funding above $150,000. It’s as a result of an charge on assets, and may include registering this with the PPSR or filing as a caveat.
A personal or director’s guarantee is a promise to pay back a loan that is generally based rather than defining security over an asset. The person who signs the ensure is personally responsible if the company the borrower fails to pay back 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 registered in respect of personal property (including goods or assets). The PPSR grants preference over private property granted according to the date the registration of a security interest.
A caveat is a legal document that is filed to provide the public notice of a legal claim against a property.
When you’re applying for an enterprise loan that exceeds $250K we may be able to provide an initial pre-approval to simplify the process. It is possible to do this without a credit check and within 6 hours of the initial application. The pre-approval process is based on a preliminary assessment which includes answering a couple of financial well-being questions. It’s in no way an offer, nor is it a guarantee of credit. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer that you receive could be subject to different terms.
You may apply for a company loan if you:
The application process is fast and simple. Just fill out the online application in few minutes and an experienced company expert in lending will contact you to guide you through the process.
To apply for up to $100,000, you’ll need identification details (valid Driver’s License) as well as an NZBN/IRD that is valid and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K – $250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Details of the application, including credit consent, 12 month bank accounts, the IRD statements Last 2 years’ finalised financial statements, plus interim financial statements for the current year including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K up to $100,000) We can usually offer an answer in just one hour if you make your application during quality business time and let us make use of the advanced bank verification system link to immediately verify your bank account information online. If you decide to submit copies of your bank statements we can provide an answer in just an company day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we may be likely to provide you with a conditional pre-approval in about six hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this may be quicker depending on the circumstances of each application. Some deals have been approved in 24 hours.
The fastest way is to make sure you apply during normal company hours, and permit us to use the modern bank verification to confirm your bank details online. If you decide to upload documents from your account accounts, it takes a bit longer.
For the Small Business Loan ($5K and up) We can usually provide an answer within one hour – as long as you make your application during standard business time and you allow us to make use of the advanced bank verification system to immediately verify your bank account information online. If you choose to send us copies of your bank statement, we’ll offer an answer in as little as 1 business day.
For the Larger Business Loans ($100K to $500K) we may be in a position to offer you with pre-approval conditional to your application within about 6 hours. Once you’ve signed your pre-approval document, you will need to wait approximately 2-3 days to receive final approval, however this may be quicker depending on the circumstances of each application. Some agreements have been approved within less than 24 hours.
The quickest method would be to ensure you apply during normal business hours, and permit us to use the advanced bank verification system to verify your bank account information online. If you choose to send us duplicates of your banking statements it will take a little longer.
We provide the loan amount between $5,000 and $500,000. When you make an application for a certain amount, we take into consideration a range of factors that determine how much we can lend you health of the business and the amount of the repayments your company can support. The amount you receive from the loan will be determined by the specific circumstances the company.
When you apply for a certain amount, we consider a variety of variables to assess the well-being of the company as well as the amount of repayments your company is able to afford. The amount you receive from your loan will be determined by the particulars the company.
If you decide to apply for business loans with us business loan, we will assess the risk profile for your company and provide you with a customised offer that includes loan amount, term and interest rates. A company loan is an upfront-priced loan so you will know in advance the total amount to be paid, including any costs, fees, or interest rates.
Business loan interest rates vary due to factors such as the amount that is borrowed, what company assets the funds are used to purchase, the industry the business operates in, the long the business has been operating as well as in the event that the company has sufficient cash flow to cover the loan, and also the general health and creditworthiness of the business.
There aren’t any hidden costs with our company loans, and you’ll know exactly how much it is that you need to pay and when, from the very first day. There’s no compounding interest, and there are no additional charges (as long as you are able to make your payments on time).
We don’t charge an application fee. You are able to apply for a loan with without any upfront costs or commitment to apply.
The Origination Fee is the cost associated in 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 loan amount.
You may choose to pay back the entire amount of your loan early at any time.
If you decide to pursue this option, please talk to one of our helpful company loans professionals. The professionals will offer you with the details of your repayment along with an early payout estimate. This is calculated as the total of the principal balance plus any accrued interest as of the time of early payment, plus 1.5% of the principal balance plus any outstanding fees.
To help you avoid missing payment dates and to align with your cash flow general, we offer repayments either weekly or daily. These are automatically withdrawn from your company account.
Security of your data, and making it clear how we collect the information we collect, use, share and safeguard your data, is vital and is a crucial part of our relationship with you.
Yes. We use industry recognised encryption standards to protect your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our dedication to security for our customers and security. We employ a highly sophisticated bank verification system that allows you to instantly verify your bank account details online. This allows us to offer an immediate response.
The term "asset-based" refers to borrowing where the company owner borrows from an asset that they own to make a loan. The asset could be an asset belonging to the personal, like the family home or an business asset such as a vehicle or other piece of machinery.
The majority of lenders, not just the big banks, tend to secure loans against an asset. If you’re struggling to pay back the loan, the asset could be transferred to the lender. In essence it is the process of securing additional financing taking advantage of the value of what you already own.
Up to $150K in loans the requirement for asset security is not required before you can access the money, however we do need an individual guarantee. So long as you comply with your loan commitments (as specified in your loan contract) and you are able to meet your obligations, asset security will never be required. For loans of over $150,000 generally, you are able to get an individual ensure and security is provided in the form of the charge of assets.
