A Cornubia unsecured business loan is quick and easy to apply for. Get a quick apporval and begin using the money to grow your business.
You can expect:
The eligibility requirements for an unsecured business loan within Cornubia are fairly minimal.
Call Now 1300 931 895The process of applying for a company loans in Cornubia with us is easy and takes just some minutes, without mountains of paperwork or queues.
Receive approval and cash within 1-2 business days.
We want to assist Cornubia companies of all kinds, including medium, small and even solopreneurs access quick funding so that they can make use of the loan to expand and grow.
The requirements for obtaining an unsecured business loan in Cornubia of between $5K and $100K is fairly low.
Looking for more funding? Review the eligibility requirements for our $100K-$500K business loan.
The criteria for eligibility for larger Cornubia business loans of between $100K and $500K are:
Looking for a smaller amount of funds? Find out the eligibility requirements for our $5K-$100K Cornubia unsecured company loans.
A Cornubia unsecured loan is ideal for nearly any business use. Talk to us today.
Are you looking to start one of these idea as quickly as tomorrow? So, contact us or send your application online to get the fastest and most effective process.
All you need to begin is your contact details (company name and your name, as well as email or phone number), how much you’d like to lend, and your monthly revenue.
In the course of the process and before settlement we’ll require confirmation of your identity but not to get started:
Additionally after we get started, for loans greater than $150,000 you’ll need basic financial statements:
Let’s get started now.
With traditional lenders and banks tightening credit conditions The steady flow of alternative and non-bank loan providers that are entering the market provides an excellent source for you to take advantage of.
Cornubia SME’s are now in a position to obtain finance via alternative lenders who service Cornubia who are focused on enabling business growth or smoothing out the cash flow problems. In the past personal credit sources (drawing equity from the home loan, or using credit cards, personal loans and loans) were the only alternative financing solutions for Cornubia that were around.
There is now an end to the requirement in the present to depend on real estate to secure business lending. With an unsecured loan business funding is made simple. Instead of a term loan through banks, business finance for a small business with interest rates and loan terms that help with cash flow are around as business credit options.
There are many benefits with the separation of personal and company debt.
Lower your risks, make your tax time more simple, apply for an unsecure company loan. Get it today.
One big drawcard for keeping your business and personal company assets separate is that your home does not have to be tied to access the funds. For a modest business loan within Cornubia up to $100K, asset security will not be required so long as the borrower is able to meet their loan obligations.
Companies are in a stable long-term position when they can show good credit and debt serviceability.
Separating personal and business finances makes it more seamless when it comes to tax time, especially when it comes to determining the tax-deductible amount. The IRD has laid out rules on the evidence required for claiming deductions on an organisation’s tax return. This is an area that the IRD has specifically advised on.
A well-organised cash flow management system is key for the long-term viability for any business. By keeping personal and business finances separate, companies can easily view the situation, track and plan based on the ability to clearly determine their cash flow status.
Cornubia 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 which can be made daily or weekly.
The application to the Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get an instant response and funds may be available in just 24 hours. Traditional business loans refer to an annual rate of interest together with additional fees and charges. The company loan is a pre-paid loan so you will know in advance the total amount to be paid, including any fees, charges or charges. Then, it is divided into weekly or daily amount to be paid back.
A Small Business Loan can be used for virtually any business need, such as cash flow management, business improvements, advertising for purchasing inventory or new equipment, or as general working capital and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans range from $100,000 to $500,000 over a fixed term that can last up to 36 months. Repayments are scheduled weekly or fortnightly, depending on you cashflow.
It is crucial to note that the Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the amount of the loan.
To be eligible for a loan that is this large, your business needs to have been operating for a minimum of 3 years, and have an annual income of $700K. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A Business Loan of a larger size can be used to fund almost all business purpose including business renovations, to purchase new equipment or inventory, as general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is required for accessing funds over $150,000. This is by taking a charge on assets and can include registering this on the PPSR or registering a caveat.
A director’s or personal guarantee is a promise to pay back a loan that is general in nature, rather than stipulating the security for a particular asset. The person signing the guarantee is personally liable in the event that the company creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including the assets or goods). The PPSR allows prioritisation over property that is personal to be assigned in accordance with the date on which a security interest that is registered.
An affidavit is an official document filed to provide the legal claim on a property.
If you’re applying for larger business loans that is greater than $250,000 it is possible to offer an initial pre-approval that will help ease the process. We might be able to apply for this without a credit check and within 6 hours of the initial application. The pre-approval process is based on an initial assessment, which involves the answer to a series of financial health questions. It is not an offer of credit or guarantee of finance. Acceptance without condition is subject to an extensive credit evaluation and any offer that you are offered could be on different conditions.
You may be eligible for a business loan if you;
The application process is quick and easy. Just fill out the online application in just a few minutes, and an experienced business loan specialist will contact you to guide you through the process.
To apply for up to $100,000, you’ll need ID details (valid Driver’s Licence) as well as an active NZBN/IRD, and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K – $250K: Application requirements, including credit consent, 6 – 12 months of bank statements, IRD statement (if credit is over $150K).
$250K – $500K: Details of the application, including credit consent twelve month bank accounts, the IRD statements, last 2 years finalised financial statements, plus interim financials for the current financial year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K to $100K) we usually offer a response in one hour, provided you make your application during quality business timings and you allow us to utilise the bank verification system link to immediately verify your bank account information online. If you want to send us copies of your bank statements we can offer the decision in just one company day.
For the Larger Business Loan ($100K up to $500,000) we might be in a position to offer the conditional pre-approval within about six hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval. However, this can be quicker based on the circumstances of each application. Certain deals have been approved in 24 hours.
The quickest way to apply is to ensure you apply during standard business hours and let us use the advanced bank verification system link to instantly verify your bank account information online. If you choose to upload the copies of bank statements , it will take a little longer.
For the Small Business Loan ($5K to $100K) we usually provide an answer within an hour if you make your application at normal business time and allow us to use the bank verification system to immediately verify your bank account information online. If you opt to send us copies of your bank statements, we are able to offer a decision in just 1 business day.
For the Larger Business Loans ($100K or more) we may be capable of offer you with a conditional pre-approval within about 6 hours. Once you’ve signed your pre-approval form, it will take approximately 2-3 days to receive final approval. However, this can be faster depending on the particular circumstances of each application. Certain offers have been approved in less than 24 hours.
The quickest method would be to ensure you apply during standard business hours, and allow us to use our sophisticated bank verification to instantly confirm your bank details online. If you choose to send us documents from your account accounts, it can take a bit longer.
We offer loan amounts between $5,000 and $500,000. When you make an application for a particular amount, we will consider a number of variables in order to assess your health of your business and the level of the repayments your company will be able to support. The amount you receive from your loan will depend on the specifics that are unique to your business.
When you apply for a specific amount we look at a range of aspects to determine how much we can lend you such as well-being that is your company and the amount of repayments that your company will be able to support. The amount you receive from the loan will be determined by the specifics that are unique to your business.
If you decide to apply for the business loans, we will assess the risk profile the company and provide you with a customised offer including loan amount, term and interest rates. It is a company loan is an upfront-priced loan therefore you will know in advance the total amount payable including any interest rates, fees or charges.
The interest rates on company loans rates vary due to factors such as the amount that is borrowed, the business assets the money are used to purchase and the sector the business is in, how long the business has been running as well as how long the business has enough cash flow to cover the loan, and overall well-being or creditworthiness of the company.
There are no hidden costs with our company loans. You’ll be aware of the amount it is that you need to pay and at what time, from the first day. There’s no compounding interest, and the loan comes with no additional fees (as long as you make your payments in time).
We do not charge an Application Fee. You can make an application for loans no cost upfront or the obligation to take action.
The Origination Fee is the cost associated in establishing and managing the loan. The only way to pay this cost if you take out the loan. Our Origination Fee is 2.5 percentage of the loan amount.
You can decide to repay all of your loan early at any time.
If you are deciding to do this please call our helpful business lending experts. They will provide you with details on repayment and an early payout figure. This will be calculated as the sum of the remaining principal amount plus any accrued interest as of the time of early payout plus 1.5% of the principal balance plus any outstanding fees.
To help you avoid missing repayments and to fit in with your cash flow standard, we offer repayments either daily or weekly. They will be automatically deducted from the nominated company account.
The security of your personal information, as well as being transparent about how we collect information, use it, and exchange it, as well as secure your information, is of huge importance and a vital part of our relationship with you.
Yes. We utilise industry-recognised encryption standards to protect your personal, sensitive and financial data and our funders are ISO 27001 qualified for our commitment to security for our clients and privacy. We utilise a sophisticated banking verification system to instantly confirm your bank account information online to provide rapid response.
The term "asset-based" refers to borrowing where the company owner utilises an asset they own to obtain the funding. The asset may be an asset belonging to the personal, like the family home, or an company asset like a truck or piece of equipment.
The majority of banks, even the banks with the biggest size, prefer to guarantee loans against an asset. If you are having difficulty paying back the loan, your asset may be offered for sale by the lender. In essence it is the process of securing new financing by making use of the value of what you already have.
Up to $150,000 in loans it is not necessary to secure assets prior to the loan’s access however, we require a personal guarantee. require a personal guarantee. So long as you comply with your loan obligations (as stipulated in your loan contract) Asset security will never be required. For loans that exceed $150,000, generally, there is personal guarantee and security in the form of a charge over assets.
We can’t assist with an unsecure business loan for these types of industries, we may be able assist by providing a secured business loan.
