Find Wishart Business Lenders By Service

Brisbane Unsecured Business Loans
Providing Specialist Business Finance

Services in Wishart

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

Business Finance Wishart Brisbane 4122 QLD

Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • Minimum of 6 months in business
  • At least $6,000 revenue per month
  • Be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for evidence of identity
  • Use a New Zealand bank as your primary account for trading
  • Bank statements from the last six months

Need more funds? Check out the guidelines for eligibility for our $100K to $500K company credit.

Quick application checklist

What do you need to apply

All that’s required to begin is your contact details (the name of your company, your name, email and phone) along with the amount you’d like to borrow and your monthly earnings.

In the course of the process and before settlement we’ll require confirmation of who you are but not for starting:

  • Details of the Idenfication (valid Driver’s License)
  • Business details including trading time, ownership details and NZBN (New Zealand Business Number)

Additionally after we get started when it comes to loans greater than $150,000 you’ll also require fundamental financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Brisbane Small Business Loans

Let me know what you think of the Brisbane Small Business Loans

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

What makes the Unsecured Loan different from an traditional company loan?

You can apply to the Small Business Loan in under 10 minutes by phone. You will receive an instant response and have the funds available in just 24 hours. Traditional business loans have an interest rate per annum plus other fees and charges. We offer a company loan is a cash-based loan therefore you’ll know in advance the total amount to be paid, including any fees, interest or charges. This is then broken down into weekly or daily installment amount.

What can the Small Business Loan be used for?

A Small Business Loan can be used for almost every business need, such as the management of cash flow, company improvements, advertising to purchase inventory, new equipment, to fund general working capital and much more. The loan cannot be used for personal use.

Concerning Larger Brisbane Business Loans

What is the Larger Brisbane Business Loan?

The Larger Business Loan is a larger loan size to support company expansion opportunities. Loans range from $100,000 to $500,000 with a fixed-term that can last up to 36 months. Repayments are weekly or fortnightly, depending on your cash flow.

How is the Origination Fee determined?

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

Am I eligible for the Larger Business Loan?

To qualify for a loan in this amount, your company needs to be operating for at least three years, and have an annual income of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.

How can the funds be utilised?

A Business Loan of a larger size can be used to fund almost all business need, including company remodeling, buying new equipment or inventory, as general working capital and much more. The loan is not available for personal reasons.

Is the Larger Business Loan one that is secured?

Asset security is needed for accessing funds over $150,000. It is usually in the form of a charge over assets, and may include registering this through the PPSR or filing a caveat.

A personal or director’s guarantee is a promise to repay a loan which is general in nature, rather than defining the security of a specific asset. The person signing the guarantee is personally liable in the event that the business borrower is unable to re-pay the debt.

The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including items or assets). The PPSR permits preference over private property assigned in accordance with the date on which a security interest was registered.

A caveat is a legal document that is filed to provide an official notice of a claim against a property.

What is a pre-approval without Credit Check?

If you’re applying for a Larger Business Loan of $250,000 or more it is possible to offer an initial pre-approval to ease the process. We may be able to apply for this without a credit check, and within 6 hours of your initial application. The pre-approval process is based on a preliminary assessment which includes answering a couple of financial well-being checks. It’s not an offer of credit or guarantee of credit. A conditional approval is subject an assessment of your creditworthiness and any offer you might receive could have different conditions.

Application process

Do I have the right to receive funds?

You may apply for a business loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are 18 years or older, own a New Zealand company (with a valid NZBN/IRD)
  • must show at least six months of business (for for the 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 fast and easy. Complete the online form within a couple minutes, and a dedicated business lending specialist will be in touch to assist you.

To be eligible for up to $100,000, you’ll require ID details (valid Driver’s Licence) along with an active NZBN/IRD, and at least 6 months of bank statements.

Otherwise, for larger loan sizes, you’ll require:

$100K to $250K: Application details including credit consent, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Details of the application, including credit consent as well as 12 months of bank records, IRD statements and the last two years’ finalised financial statements, as well as interim current financial year financials including Aged Payables, Aged Receivables summaries.

How quickly will I receive a decision?

For an unsecured loan ($5K and up) we can often offer an answer within an hour, provided you apply at standard company times and allow us to utilise the bank verification system to instantly verify your bank’s information online. If you decide to upload copies of your banking statements , we’ll be able to provide an answer within one company day.

For the Larger Business Loan ($100K and up) we might be likely to offer you with pre-approval conditional to your application within about six hours. After you’ve signed your pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this may be quicker depending on the particular circumstances of each application. Some agreements have been approved in just 24 hours.

The fastest way for you to apply is make sure you apply during normal business hours. Also, allow us to use the modern bank verification to confirm your bank details online. If you decide to send us the copies of bank accounts, it can take a bit longer.

How fast will I get the money?

For the Small Business Loan ($5K and up) we can often provide a response in one hour – provided you make your application at normal business times and let us utilise the advanced bank verification system link to immediately verify your bank account information online. If you opt to submit copies of your bank statements we can provide an answer in just an business day.

For Larger Business Loans ($100K to $500K) we could be able to provide you with pre-approval conditional to your application within about six hours. Once you’ve signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval. However, it could be faster based upon the circumstances for each application. Some offers have been approved within the space of 24 hours.

The quickest method would be to ensure you apply during standard business hours. You can also let us use the advance bank verification to instantly verify your bank information online. If you opt to upload documents from your account statement, it may take a bit longer.

What’s the minimum amount I can borrow?

We provide loans that range from $5,000 and $500,000. When you make an application for a specific amount we take into consideration a range of elements to determine your health of your business and the amount of repayments that your company can afford. The total amount of your loan will be contingent on the particular circumstances that are unique to your company.

When you submit an application for a specific amount we look at a range of elements to determine how much we can lend you such as health of your business and the level of repayments that your company can support. The total amount of your loan will be contingent on the particulars for your business.

Fees & repayments

What is the cost for an company loan?

If you decide to make an application for our business loan, we’ll assess the risk profile that you have for your business and offer you with a tailored offer including the loan amount, the terms and interest rates. A business loan is an upfront-priced loan therefore you will know the exact amount you will have to pay, including interest rates, fees or charges.

What is the factor that determines the price I pay?

The interest rates on business loans rates depend on a variety of factors such as the amount that is borrowed, the company assets the money will be used for and the sector the company is operating in, how long the business has been running, whether the company has sufficient cash flow to cover the loan, and the general health as well as creditworthiness business.

What are the costs?

There are no hidden fees with our business loans, and you’ll know precisely what it is that you need to pay, and when, right from the day you sign up. There’s no compounding interest, and no additional fees (as as you make your payments on time).

We do not charge an application fee. You are able to get a cash loan absolutely no upfront cost and no commitment to apply.

The Origination Fee covers the expenses involved with establishing and managing the loan. The only way to pay this fee if you proceed with the loan. The Origination Fee for us is 2.5 percentage of the amount of the loan.

Can I pay out the loan earlier?

You can repay the entire amount of your loan in full at any time.

If you choose to do this please call our helpful company loans professionals. They’ll provide you with details for repayment as well as an early payout amount. It will be calculated using the total of the principal amount remaining and any accrued interest at the time of the early payout in addition to 1.5 percent of the remaining principal and any outstanding fees.

What are the repayment methods?

To ensure that you don’t miss repayments and to fit in with your cash flow cycle we offer repayments that are either weekly or daily. They will be automatically deducted from your business account.

Security & privacy

Will my data be protected?

Making sure that your information is secure, and making it clear how we collect information, use it, and exchange it, as well as ensure the security of your information is vital and is an essential element of our relationship with you.

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

Yes. We use industry recognised encryption standards to protect your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our dedication to protecting the security of clients and privacy. We use an advanced bank verification system to instantly verify your bank account information online so we can provide a fast response.

About business loans

What is asset-based borrowing (a secured loan)?

The term "asset-based" refers to borrowing where an business owner makes use of an asset they own to make the funds for a loan. The asset could be an individual asset, such as the family home or an business asset such as a vehicle or piece or equipment.

The vast majority of lending institutions, not just the major banks, prefer to guarantee loans against assets. If you’re struggling to pay back the loan then the asset could be transferred to the lender. In essence it’s a way of securing new funding taking advantage of the value of what you already own.

What do I need security for a business loan?

For loans up to $150,000 the requirement for asset security is not required in advance to gain access to the funds however, we do need an individual guarantee. So long as you comply with the loan terms (as stated in your loan contract) the security of assets is not required. For loans over $150K generally there is a personal guarantee and security is provided in the form of an asset charge.

Brisbane Unsecured Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

Apply Now

Apply Now

Contact Us

Contact Us

Contact Us

Fill out the form below or Call Now
1300 931 895