A Fortitude Valley unsecured business loan is simple and quick to apply for. Get a quick apporval and start using the funds for your business.
What to expect:
The criteria for eligibility for an unsecured business loan for a business loan Fortitude Valley are fairly minimal.
Call Now 1300 931 895Applying for an business loan in Fortitude Valley with us is easy and takes just about a couple of minutes, there are no mountains of paperwork or queues.
Approved and receive funds in 1 to 2 business days.
We want to assist Fortitude Valley businesses of all kinds, from small to medium-sized solopreneurs access funds quickly so that they can make use of the loan to build and expand their business.
The requirements for obtaining an unsecured business loan in Fortitude Valley of between $5K and $100K are pretty minimal.
Need more funds? Check out the guidelines for eligibility for our $100K-$500K business credit.
The criteria for eligibility for larger Fortitude Valley company loans of between $100K and $500K consist of:
Are you looking for a lower amount of funding? Find out the eligibility requirements for our $5K-$100K Fortitude Valley unsecured company loans.
A Fortitude Valley unsecured loan is perfect for almost every business need. Get in touch with us today.
Want to get started on one of these as soon as tomorrow? So, contact us today or send an application online for the quickjest fasted way.
All you need to begin is your contact information (company name, your name, email and telephone) and the amount you’d like to borrow and your monthly income.
During the process and before settlement we will need confirmation of your identity, but not to get started:
Once we’ve started, for loans of more than $150,000 you’ll also require basic financial statements.
Let’s get started.
With traditional and bank lenders tightening their credit terms as well as the continuous stream of non-bank and alternative loan providers entering the market provides an excellent source to make use of.
Fortitude Valley SME’s are now in a position to obtain finance via other lenders in Fortitude Valley who are focused on enabling company growth or smoothing cash flow challenges. The past was when personal credit sources (drawing equity from a house loan or credit cards and personal loans as well as overdrafts) could be the best alternative financing services within Fortitude Valley that were available.
There is now there is no need for you to depend on the real estate market to secure business lending. With an unsecured loan business funding is made simple. Instead of a term loan with the bank, business finance for a small company with interest rates and loan terms that can help with cash flow is available as business loan options.
There are numerous benefits with the separation of personal and business debt.
Limit your exposure, make tax time simpler, start with an unsecured busines loan, apply today.
One big drawcard for keeping your private and business assets apart will be the fact that your house isn’t tied for access to the money. If you’re looking for a small business loan in Fortitude Valley up to $100K an asset security agreement will not be required so long as the borrower is able to meet the loan requirements.
Companies are in a favourable long-term position if they can demonstrate good credit/debt serviceability.
Separating personal and company finances makes it significantly more straightforward when it comes to tax time - particularly when determining the tax deductible allocation. The IRD has set out guidelines on the proof required in order to deduct deductions from a business’s tax return. This is an area the IRD has advised specifically on.
Effective management of cash flows is vital to the long-term success of any business. By keeping your personal finances and company finances separate, businesses can easily view the situation, track and plan based on their ability to accurately determine their cash flow status.
Fortitude Valley 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 that are either daily or weekly.
The application to get the Small Business Loan in under 10 minutes online or over the phone, receive an answer within the same day and funds may be on your account within 24 hours. Traditional company loans are based on an annual rate of interest plus other fees and charges. The business loan is an upfront priced loan and you’ll be aware in advance of the total amount payable including any interest, fees or charges. This is then broken down into either a daily or weekly installment amount.
A Small Business Loan can be used to fulfill almost every business use, including cash flow management, business remodels and marketing to purchase inventory or new equipment, or as general working capital and much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger size loan to aid in company expansion opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of up to 36 months. Repayments are weekly or fortnightly depending on your situation.
The Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the loan amount.
To be eligible for a credit of this size the business needs to be operating for at least three years, and have an annual income of $700,000. You must be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A larger company loan is a great option for almost every business need, including company renovations, purchase of inventory or new equipment as well as for general working capital and much more. The loan is not available for personal use.
Asset security is necessary for funding of more than $150,000. This is in the form of a charge against assets, and may include registration through the PPSR or filing as a caveat.
A director’s or personal guarantee is a guarantee to repay credit that is generally in nature rather than stating the security for a particular asset. The person who signs the ensure is personally accountable if the business creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It contains security interests that are registered for personal property (including goods or assets). The PPSR grants priority over personal property to be granted according to the date the security interest has been registered.
A caveat is a legal form of document to provide notice of a legal claim against a property.
If you’re applying for the Larger Business Loan that is greater than $250K we can offer an initial pre-approval to smooth out the process. It is possible to apply for this without a credit check and within 6 hours of your initial application. This pre-approval is made based on a preliminary assessment which includes you answering some financial well-being questions. It’s in no way an offer, nor is it a guarantee of financing. The approval of a conditional loan is subject to a full credit assessment and any offer that you might receive could have different conditions.
You can apply for an business loan if you;
The application process is quick and easy. Complete the online form in few minutes and a dedicated business loan specialist will be in touch to assist you.
To apply for up $100,000, you’ll require proof of identity (valid Driver’s License) as well as a valid NZBN/IRD and at least six months of bank statements.
For larger loan sizes, you’ll require:
$100K-$250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K to $500K: Details of the application, including credit consent and 12 months of bank records, IRD statements, last 2 years finalised financial statements, plus interim current financial year financials including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K up to $100,000) we can often offer an answer in just one hour – as long as you submit your request during quality company hours and let us utilise the bank verification system to instantly verify your bank information online. If you opt to upload copies of your banking statement, we’ll offer the decision in as little as one business day.
For the Larger Business Loan ($100K up to $500,000) we could be in a position to offer the conditional pre-approval in around six hours. Once you’ve signed the pre-approval form, it will take about 2-3 days for final approval, however this can be quicker based on the particular circumstances of each application. Certain offers have been approved within less than 24 hours.
The quickest method for you to apply is ensure you apply during standard company hours. Also, let us use the advance bank verification to confirm your bank details online. If you upload documents from your account accounts, it may take a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often provide an answer within one hour – provided you make your application in normal business timings and permit us to utilise the advanced bank verification system link to instantly verify your bank details online. If you decide to submit copies of your bank statements, we are able to offer a decision in just one business day.
If you are applying for Larger Business Loans ($100K to $500K) we could be capable of provide you with a conditional pre-approval within about 6 hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this can be faster depending on the circumstances of each application. Certain offers have been approved within 24 hours.
The fastest way can be make sure you apply during normal business hours. You can also allow us to use the advance bank verification to instantly check your bank’s information online. If you send us copies of your bank statements, it will take a little longer.
We provide loans ranging from $5,000 to $500,000. If you apply for a certain amount we consider a variety of factors for determining how much we can lend you well-being that is your business as well as the amount of repayments that your business can afford. The amount you receive from your loan will depend on the particular circumstances the company.
When you apply for a specific amount we take into consideration a variety of factors to determine your health of the company as well as the amount of repayments your company will be able to support. The total amount of your loan will be determined by the specifics that are unique to your company.
If you decide to apply for the company credit, we’ll assess the risk assessment of your company and offer an individualised offer, including the amount of the loan, the duration and the interest rates. A company loan is an upfront-priced loan so you will be aware of the total amount due, which includes any charges or interest.
Business loan interest rates vary due to variables like the amount to be that is borrowed, what company assets the money are used to purchase in addition to the industry that the company operates in, the long the company has been running, in the event that the business has enough cash flow to fund the loan, and the general health and creditworthiness of the company.
There are no hidden costs with our business loans. You’ll know precisely how much it is that you be required to pay, and when, from the first day. There’s no compounding interest and no extra fees (as as you make your payments on time).
We don’t charge an Application Fee. You are able to make an application for loans with no cost upfront or obligation to proceed.
The Origination Fee covers the expenses involved with setting up 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 loan amount.
You can decide to repay the entire amount of your loan in full at any time.
If you decide to take this route, please contact our helpful company lending professionals. The professionals will offer you with details on repayment and an early payment figure. The figure will be calculated as the total of the principal amount remaining plus any accrued interest as of the date of early payout plus 1.5% of the remaining principal plus any outstanding fees.
To help you avoid missing due dates and also to be in line with your cash flow general, we offer repayments either daily or weekly. They are automatically deducted from your designated business account.
The security of your personal information, as well as knowing the ways we gather the information we collect, use, share and safeguard your data, is of paramount importance and a vital part of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our dedication to customer security and security. We employ an exceptionally sophisticated banking verification system to instantly verify your bank account details online. This allows us to provide an immediate response.
Asset-based borrowing occurs when an company owner makes use of an asset that they own to get a loan. The asset can be either an asset belonging to the personal, like the family home, or it could be a company property like a truck or piece or equipment.
The majority of lenders, including the major banks, prefer to secure loans against assets. If you are having difficulty paying back the loan, the asset might be sold by the lender. In essence it is a way of securing additional financing using the value of what you already have.
For loans of up to $150K, there is no requirement for asset security prior to the loan’s access however, we do require an individual guarantee. If you adhere to the terms of your loan (as stated in your loan contract), asset security is not needed. If you take out loans in excess of $150K generally, there is an individual ensure and security in the form of an asset charge.
Although we cannot assist with an unsecure business loan in the above industries, we might be able to assist you by providing secured business loan.
