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Brisbane Unsecured Business Loans
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Services in Wavell Heights

  • Wavell Heights Unsecured Business Loans
  • Wavell Heights Business Finance
  • Business Lending Wavell Heights
  • Business Loans Wavell Heights
  • Small Business Finance Wavell Heights
  • Wavell Heights Business Funding
  • Wavell Heights Working Capital
  • Wavell Heights Small Business Lending
  • Short Term Business Loan Wavell Heights

Business Finance Wavell Heights Brisbane 4012 QLD

Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.

  • At least 6 months in business
  • At least $6,000 revenue per month
  • You must be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as proof of identity
  • Use an account with a New Zealand bank as your main trading account
  • Bank statements from the past six months

Looking for more funding? Take a look at the conditions of eligibility for our $100K-$500K business loans.

Quick application checklist

What do you need to apply

All you need to get started is your contact information (the name of your company, your name, email and phone) and the amount you’d like to borrow, and your monthly income.

During the process and before settlement we will require confirmation of who you are, but not to get started:

  • Idenfication details (valid Driver’s Licence)
  • Information about the business, including details on trading hours, ownership details , and details of ownership and trading time, as well as NZBN (New Zealand Business Number)

In addition, once we have started with loans greater than $150,000 you will also need basic financial statements.

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Brisbane Small Business Loans

Let me know about the Brisbane Small Business Loans

Brisbane unsecured loans provides amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months and cash flow-friendly repayments that are either daily or weekly.

What is how is the Unsecured Loan different from an traditional business loan?

You can apply to your Small Business Loan in under 10 minutes online or over the phone. You’ll get an immediate response, and the money could be available in just 24 hours. Traditional company loans reference an interest rate per annum plus other fees and charges. This business loan is a loan that is priced upfront so you will be aware of the amount you will have to pay, including any fees, interest or charges. Then, it is broken down into weekly or daily payment amount.

What can the Small Business Loan be used for?

The Small Business Loan can be used for virtually any business use, including the management of cash flow, business renovations, marketing for purchasing inventory or new equipment, or as general working capital and so much more. The loan is not available for personal reasons.

Concerning Larger Brisbane Business Loans

What is the Larger Brisbane Business Loan?

The Larger Business Loan is a larger amount of loan to help company expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed with a maximum of 36 months. The repayments are made weekly or fortnightly depending on the flow of cash.

How is the Origination Fee determined?

The Larger Business Loan has an Origination Fee, which is calculated at 2.5 percentage of the amount of the loan.

Do I qualify for the Larger Business Loan?

To be eligible for a credit that is this large the company needs to have been in operation for at least 3 years and generate an annual revenue of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able to prove at the least 12 months of operating.

What can the funding be used for?

A large company loan can be used for almost every business purpose including business renovations, to purchase equipment or inventory for general working capital, and much more. The loan cannot be used for personal use.

Is the Larger Business Loan one that is secured?

Asset security is required for accessing funds over $150,000. This can be done by taking a charge over assets, and may include registration with the PPSR or the registration of as a caveat.

A personal or director’s guarantee is a commitment to repay a loan which is generally based rather than specifying security over an asset. The person who signs the guarantee is personally liable if the business lender is not able to re-pay the debt.

The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It lists security interests that are registered in respect of personal property (including objects or assets). The PPSR allows preference over private property assigned in accordance with the date on which a registration of a security interest.

An affidavit is an official document that is filed to provide the public notice of a legal claim on a property.

What is a pre-approval without Credit Check?

If you’re requesting larger business loans of $250,000 or more it is possible to offer an initial pre-approval to smooth out the process. We could be able to do this without a credit check and within 6 hours of your initial application. The pre-approval is based upon an initial evaluation that involves you answering a few financial well-being questions. It’s neither an offer nor a guarantee of credit. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you may receive may be subject to different terms.

The application process

Are I eligible for funding?

You may apply for a business loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are at least 18 years old, have a New Zealand business (with a valid NZBN/IRD)
  • you must prove at least 6 months of business (for you to qualify for unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K - $500K)

How do I apply?

The application process is quick and easy. Complete the online form in few minutes and a dedicated business lending specialist will contact you to guide you.

For a loan of up to $100,000 you’ll require ID details (valid Driver’s Licence), a valid NZBN/IRD and at least 6 months’ worth of bank statements.

In addition, for larger loan sizes, you’ll need:

$100K-$250K: Application details including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K – $500K: Information on the application including credit consent twelve months of bank records, IRD statements and the last two years’ finalised financial statements, and interim financials from the current financial year, Aged Payables and Aged Receivables reports.

How quickly will I receive a decision?

For an unsecured loan ($5K to $100K) we typically provide an answer within an hour, provided you apply in quality company timings and let us make use of the advanced bank verification system link to immediately verify your bank account information online. If you decide to send us copies of your bank statements , we are able to provide a decision within just 1 business day.

For Larger Business Loans ($100K and up) we might be able to provide you with conditional pre-approval in around six hours. After you’ve signed your pre-approval document, you will need to wait around 2-3 days for final approval, however this can be quicker based on the particular circumstances of each application. Some offers have been approved in the space of 24 hours.

The quickest method can be ensure you apply during normal business hours, and let us use the advance bank verification link to instantly verify your bank information online. If you send us documents from your account statements , it takes a bit longer.

How fast will I get the money?

For the Small Business Loan ($5K up to $100,000) we typically provide an answer within an hour if you apply during standard business time and let us use the bank verification system to instantly verify your bank information online. If you decide to submit copies of your bank statements we can offer a decision within one business day.

For Larger Business Loans ($100K and up) we may be in a position to offer you with a conditional pre-approval within about six hours. After 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 circumstances of each application. Some agreements have been approved in 24 hours.

The fastest method for you to apply is ensure you apply during normal business hours, and let us use the modern bank verification to confirm your bank details online. If you opt to upload documents from your account statements it will take a little longer.

How much can I borrow?

We provide loans ranging from $5,000 and $500,000. When you make an application for a certain amount we look at a variety of elements to determine what is the well-being for your company and the amount of repayments that your company will be able to support. The total amount of your loan will depend on the particular circumstances that are unique to your company.

If 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 that is your company as well as the amount of payments your business can support. The amount you receive from your loan will be determined by the specific circumstances for your business.

Fees & repayments

How much do you charge for the cost of a company loan?

When you make an application for business loans with us business loan, we’ll assess the risk assessment for your business and offer you with a customised offer including the loan amount, the terms and the interest rates. The business loan is an upfront-priced loan therefore you will know in advance the total amount you will have to pay, including charges, interest rates or fees.

What is the basis for the rate I pay?

The interest rates on business loans rates vary due to factors such as the amount that is of money borrowed, the company assets the money are used to purchase, the industry the business is operating in, how long the business is in operation, in the event that the company has enough cash flow to pay for the loan, and overall well-being as well as creditworthiness business.

What are the charges?

There aren’t any hidden charges for our company loans. You’ll be aware of the amount you’ll be required to pay, and at what time, from the very first day. There’s no compounding interest, and there are no additional charges (as as long as you pay your payments on time).

We do not charge an Application Fee. You can apply for a loan with without any upfront costs or obligation to proceed.

The Origination Fee covers the expenses involved with setting up and managing the loan. You are only charged this cost if you take out the loan. The Origination Fee for us is 2.5% of the amount of the loan.

Can I pay off the loan in advance?

You can decide to repay the entire amount of the loan early at any time.

If you decide to pursue this option, please speak to our friendly company loan experts. They’ll offer you with details on repayment and an early payment figure. It will be calculated using the total of the principal remaining and the accrued interest up to the time of early payment plus 1.5% of the principal balance as well as any outstanding fees.

How do repayments work?

In order to help you avoid missing payment dates and to align with your cash flow general, we provide payments that are either weekly or daily. These are automatically withdrawn from your nominated business account.

Security & privacy

Will my data be secure?

Making sure that your information is secure, and being transparent about how we collect data, process, exchange and ensure the security of your information is vital and is an essential part of our relationship with you.

Is it safe to link my bank account to the platform?

Yes. We employ industry-recognised encryption standards to secure your personal, sensitive financial information and our funders are ISO 27001 qualified for our dedication to the security of our customers as well as their security. We use an advanced bank verification system to immediately confirm your bank account information online so we can provide an immediate response.

About business loans

What’s an asset-based borrow (a secured loan)?

The term "asset-based" refers to borrowing where an company owner utilises assets they own to obtain the funding. The asset can be either a personal asset like the family home or an company asset such as a vehicle as well as a piece of machine.

The vast majority of lending institutions, not just the largest banks, are inclined to make loans secured by an asset. If you’re struggling to pay back the loan, your assets could be offered for sale by the lender. In essence it’s the process of securing new financing taking advantage of the value of what you already have.

Should I require security to secure an company loan?

Up to $150,000 in loans there is no requirement for asset security in advance to gain access to the funds but we require a personal guarantee. need the personal guarantee. If you adhere to the terms of your loan (as stipulated in the loan contract) Asset security is not needed. For loans that exceed $150,000, generally there is personal guarantee and security that is in the form a charge over assets.

Brisbane Unsecured Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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Contact Us

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1300 931 895