The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Do you require more money? Take a look at the guidelines for eligibility for our $100K-$500K company loans.
All that is needed to get started is your contact information (company name, your name, email and telephone) along with the amount you’d like to lend, and your monthly income.
While in the process and before settlement we will need confirmation of who you are however, not in order to begin:
Additionally after we get started with loans that exceed $150,000, you will also need basic financial statements.
Let’s get started.
Brisbane unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.
Apply to the Small Business Loan in under 10 minutes over the phone. You’ll get a same day response and the funds could be in your account in 24 hours. Traditional business loans are based on an annual rate of interest as well as other fees and charges. Our business loan is a cash-based loan and you’ll know ahead of time the total amount payable including any interest, fees or charges. Then, it is broken down into a daily or weekly installment amount.
The Small Business Loan can be used for virtually any company purpose including managing cash flows, company remodels and marketing to purchase inventory or new equipment, as general working capital, and much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger amount of loan to help business growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term with a maximum of 36 months. Repayments are either weekly or fortnightly in order to accommodate the flow of cash.
It is crucial to note that the Larger Business Loan has an Origination Fee that is calculated at 2.5 percent of the loan amount.
In order to be eligible for a loan that is this large the business needs to be in operation for at least 3 years and have an annual turnover of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.
A larger company loan can be used to fund almost every company need, including business renovations, to purchase new equipment or inventory, as general working capital and so much more. The loan is not available for personal reasons.
Asset security is required for funding of more than $150,000. This is by way of charge against assets, and could include registering this in the PPSR or registering a caveat.
A personal or director’s guarantee is a commitment to pay back a loan that is general in nature rather than specifying security over a particular asset. The person signing the ensure is personally responsible if the business the borrower fails to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It contains security interests granted to individuals who own personal property (including items or assets). The PPSR grants prioritisation over property that is personal to be granted according to the date the security interest was registered.
The caveat can be described as a formal document lodged to provide an official notice of a claim against a property.
If you’re requesting larger business loans of $250,000 or more it is possible to offer an initial pre-approval to make the process. We could be able to make this decision without credit checks and within 6 hours of your initial application. The pre-approval process is based on a preliminary assessment which includes the answer to a series of financial health checks. It’s in no way an offer, nor is it a guarantee of funds. Unconditional approval is subject to a full credit assessment and any offer that you might receive could be on different terms.
You can apply for a company loan if you:
The application process is quick and simple. Simply complete the online form within a few minutes and an experienced business loan specialist will call you to assist you.
To apply for up to $100,000 you’ll need ID details (valid Driver’s License) along with an active NZBN/IRD, and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll also need:
$100K – $250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Information on the application including credit consent as well as 12 month bank accounts, the IRD statements Last 2 years’ finalised financial statements, in addition to interim financials from the current financial 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 if you make your application at quality company hours and allow us to use the advanced bank verification system link to instantly verify your bank’s information online. If you choose to upload copies of your bank statements , we are able to offer a decision in as little as 1 business day.
For the Larger Business Loan ($100K and up) we may be able to provide you with pre-approval conditional to your application within six hours. Once you have signed the pre-approval form, it will take about 2-3 days for final approval. However, this may be quicker depending on the circumstances of each application. Some transactions have received approval within just 24 hours.
The quickest method would be to ensure you apply during normal company hours and allow us to use our advanced bank verification system to verify your bank account information online. If you choose to send us copies of your bank accounts, it takes a bit longer.
For the Small Business Loan ($5K to $100K) we usually offer an answer within an hour if you apply in standard business timings and permit us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you choose to submit copies of your bank statement, we’ll provide an answer in just 1 business day.
If you are applying for Larger Business Loans ($100K and up) we may be in a position to offer you with conditional pre-approval in around 6 hours. Once you have signed the pre-approval, turnaround times are between 2 and 3 days for the final approval, however this could be shorter based on the particular circumstances of each application. Certain deals have been approved in 24 hours.
The quickest method would be to ensure you apply during standard business hours. You can also let us use the sophisticated bank verification link to verify your bank account information online. If you choose to send us the copies of bank statements it takes a bit longer.
We provide loans that range from $5,000 to $500,000. If you apply for a particular amount, we consider a variety of factors for determining how much we can lend you well-being of the company and the extent of payments your business is able to afford. The total amount of the loan will be determined by the specifics of your business.
When you apply for a particular amount, we take into consideration a variety of factors to assess how much we can lend you such as health for your company and the extent of repayments that your company can support. The amount you receive from the loan will be determined by the particular circumstances of your business.
When you apply for business loans with us company credit, we’ll assess the risk assessment the business and provide you with a customised offer that includes the amount of the loan, the duration and the interest rates. The company loan is an upfront priced loan so you will know the exact amount due, which includes any charges or interest.
The interest rates on business loans rates depend on several variables like the amount to be that is borrowed, what business assets the money will be used for and the sector the business is in, how long the company has been operating, whether the business has sufficient cash flow to fund the loan, and also the general health or financial standing of the company.
There are no hidden fees with our company loans. You’ll know exactly how much it is that you be required to pay, and when, from day one. There’s not any compounding interest and no extra fees (as long as you are able to make your payments on time).
We don’t charge an Application Fee. You can get a cash loan without any upfront costs or commitment to apply.
The Origination Fee includes the expenses associated in establishing and managing the loan. It is only charged for this fee if you choose to proceed with the loan. Our Origination Fee is 2.5% of the amount of loan.
You can decide to repay the entire amount of your loan at any point in time.
If you do decide to take this route, please speak to our friendly business loans experts. They will provide you with the details of your repayment and an early payment figure. The figure will be calculated as the sum of the principal amount remaining and any accrued interest at the date of early payout and 1.5% of the principal amount remaining and any fees that remain unpaid.
To help you avoid missing payments and to work your cash flow cycle we offer repayments that are either weekly or daily. These are automatically withdrawn from your designated business account.
Protecting your information, and being clear about how we collect information, use it, and exchange it, as well as safeguard your data, is vital and is an essential element of our relationship with you.
Yes. We employ industry-recognised encryption standards to secure your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our dedication to protecting the security of customers and security. We employ a highly sophisticated bank verification system link to instantly verify your bank account information online, allowing us to provide rapid response.
Asset-based borrowing is when the company owner borrows from assets they own to obtain the funds for a loan. The asset can be either a personal asset like the family home, or it could be a company property like a truck or piece of equipment.
The majority of the lenders even the big banks, tend to make loans secured by an asset. If you’re struggling to pay back the loan then the asset might be transferred to the lender. In essence it’s the process of securing new financing by using the value of what you already own.
For loans of up to $150,000, no asset security is required before you are able to access the money but we require a personal guarantee. require a personal guarantee. As long as you follow your loan commitments (as stated in the loan contract), asset security is not needed. For loans of over $150,000 generally there is a personal ensure and security that is in the form an asset charge.
