Unsecured Business Loans Woody Point QLD

If You Do This Today, You'll Be On The Right Track To Success By Obtaining a Woody Point Business Loan

Unsecured Business Loans Woody Point

A Woody Point unsecured business loan is quick and easy to get. Get a quick apporval and start using the funds to grow your company.

  • Do you think that additional funds could help your company with working capital or to take advantage of the potential for growth?
  • What is the financing strategy you are using to fund your business needs?

What you can expect:

  • Easy to apply and be approved for funds as soon as tomorrow
  • Optionally , no reayments during the initial 4 weeks
  • Amount of loan from $5k up to $500K
  • Terms ranging from three to thirty-six months
  • Competitive rates of interest prices
  • Minimal documentation required

The conditions for eligibility for an unsecured business loan in Woody Point are fairly minimal.

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I'm now able to prepare coffee for my customers using the best equipment.
Cafe Owner
I can get my tax back on time.
Small Business Owner
I can now hire an experienced marketer to help me boost my business to the next stage.
Growing Woody Point Business
I can now fund the construction of our modern Woody Point resturant without having to take cash from other resturants.
Woody Point Resturant Owner
Business business loans, interest rates and repayment terms as well as flexible repayment options to fit the requirements of your company needs.
Business Lending Options
Business loans, specifically one that is an unsecured business loan or line of credit to business financing need to not become a tense process. Finance for a company in the shape of small business loans with an interest rate and repayment period that fits your business cash flow.
Business Lenders for Business Goals
An easy loan application process that comes with a high amount of borrowing capacity, a low requirements for credit, and no requirement to submit a business plan. Don't use your personal credit card or business credit cards as a way to fund your business.
Unsecured Loans Made Simple
I'm now able take vacation knowing that my Woody Point company will run smoothly.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for an company credit in Woody Point with us is easy and takes just a few minutes, no piles of paperwork or long waits.

Be approved and receive your funds in 1-2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our goal is to assist Woody Point businesses of all kinds, including medium, small and even solopreneurs to access money quickly, so that they can take advantage of loans to build and expand their business.

  • It begins with an easy online application or phone call
  • Flexible repayment terms to meet the requirements of your business
  • Fast cash in just a day or two
  • A team that wants for you as well as your company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for getting an unsecured business loan in Woody Point of between $5K and $100K are fairly minimal.

  • A minimum of six months in business
  • At least $6,000 in income per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as identification proof
  • Have an account with a New Zealand bank as your main trading account
  • Bank statements from the last 6 months

Need more funds? Find out the conditions of eligibility for our $100K to $500K business loans.

Here's How Others Have Benefited

Examples of Business Loans

The owner of a modest supermarket that was making $70K a month borrowed $76K over a 24 month term , without making any repayments during the initial 4 weeks. This required 12 months of bank statements. The time to turn around was just six hours from application to getting the money.
Grocery Store Small Business Loan
A business coach was seeking to invest in the well-being and beauty business. With a little over $12K in monthly revenues the company borrowed $24K over 24 months. The loan required 12-month bank statement and was done in only 8 hours.
Business Coach
With the busy Christmas time nearing, a clothing store needed working capital to buy more stock and also benefit from discounts offered by suppliers. They borrowed $20K over 12 months with no collateral for their assets, and they had the funds in less than 24 hours.
Clothing Store
Acquiring a pizza place and 2 liquor stores 6-to 12 months ago, the new owners were looking for additional cash. The combined revenue was over $500k per month. They were able to borrow $300K, split out as $100K for each store using an option of both 24 and 36 month terms. There was no security on the owners' homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
A plumber who has been in business for three years with $80K in monthly sales was in search of additional funds. They took out a loan of $153K for 36 months. All they needed to be provided was 12 month bank statements and confirmation of their status with IRD. The process was completed within a day and the plumber got their extra working capital in ther account in a matter of hours.
Plumber
Simple eligibility checklist

Larger Woody Point Business Loan Eligibility Criteria

The criteria for eligibility for larger Woody Point company loans of between $100K and $500K include:

  • A minimum of 3 years of business
  • At least $700K of annual income
  • You must be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for identification
  • Have a New Zealand bank as your main trading account
  • Bank statements from the last 6 months
  • Some financial statements like Profit & Loss and Aged Accounts Payable and Receivable

You are looking for a lesser amount of money? Take a look at the guidelines for eligibility for our $5K-$100K Woody Point unsecured company loans.

Business Lending for a Cash Injection

What do you want to use the business loan in Woody Point for?

A Woody Point unsecured loan is great for virtually any business need. Call us now.

  • Renovate or expand a commercial premises
  • Grow the team for busy times
  • Boost stock levels to meet demand
  • Build a new website or boost your marketing
  • Consider investing in the latest equipment, tools or technological advancements
  • Make sure you have extra stock on hand to meet seasonal demand
  • Manage cash flow fluctuations
  • Plus many more …

Want to get started on one of these idea as quickly as tomorrow? Contact us now or apply online to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All that’s needed to start is your contact details (the name of your company, your name, email and phone) along with the amount you want to borrow, and your monthly earnings.

During the process and before settlement we will need confirmation of your identity, but not before we can begin:

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

Additionally after we get started with loans of more than $150,000 you will also need basic financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

With the busy holiday season fast approaching, a clothes store required working capital in order to finance additional inventory and benefit from discounts from suppliers. They secured $20K over the course of 12 months without asset security required and had the funds in less than 24 hours.
Clothing Store
A gym that was operating for over three years was looking to expand and needed additional equipment. With a monthly income of $37K, they borrowed $72K over a 24- month period. The loan was not secured for the loan and it was ready within the span of 24 hours.
Gym
The owner of a tiny grocery store making $70K a month borrowed $76K over a 24-month period, with no payments during the initial 4 weeks. The loan required 12 months of bank statements. The turn around time was 6 hours from application to getting the money.
Grocery Store Small Business Loan
An interior designer saw an opportunity to grow their business and required working capital in order to finance this expansion. With an annual revenue of $300K they borrowed $250K in 24 months. The turnaround time was just two days, and all they had to provide were 12 months worth of banking statement along with IRD confirmation and their trust deed.
Interior Designer
A plumber who has had business for three years with monthly sales of $80K was looking for additional funding. They borrowed $153K over 36 months. The only thing needed to be provided was 12 month bank statements as well as confirmation of the status with IRD. The process was complete within just a few hours and the plumber got their extra working capital in ther account in a matter of hours.
Plumber

Unsecured Business Loan Woody Point QLD 4019

The lending landscape has changed

With banks and traditional lenders increasing their credit requirements as well as the continuous stream of alternative and non-bank loan providers that are entering the market provides an incredible source for you to take advantage of.

Woody Point SME’s are now being able to get finance from alternate lenders servicing Woody Point who are focused on enabling company growth or smoothing cash flow challenges. In the past, personal credit sources (drawing equity from a home loan or credit cards and personal loans as well as the overdraft) were the only alternative funding solutions within Woody Point that were available.

There’s an end to the need of having to rely on real estate to secure company credit. With an unsecured loan, business funding is made simple. Instead of a term loan with banks, business finance for an SME with interest rates and loan terms that can help with cash flow is around as business loans.

 

 

High level summary

Separate personal and business debt

There are numerous benefits in separating personal from business debt.

  • Your home or other investment properties, aren’t held for the purpose of accessing funds
  • The company stands in better place to develop its own, clear credit history
  • It is much more seamless when it comes to tax time
  • Businesses can easily view, monitor and plan based on being able to clearly determine their cash flow position

Reduce your risk, make your tax time more simple, apply for an unsecure loan for business. Apply today.

For those who like the detail

Separate personal and business debt

Risk

One of the main benefits of keeping your individual and company assets separate can be that your house isn’t necessarily tied up for access to the money. If you’re looking for a small business loan in Woody Point up to $100K, asset security will not be needed as long as the borrower is able to meet the loan requirements.

Credit history

Companies will be in a stable long-term position when they can show good credit and debt ability to service.

Tax

The separation of personal as well as business finances makes it much more straightforward with regards to tax time, particularly when determining the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out rules on the evidence required for claiming deductions on an organisation’s tax return. This is an area that the IRD has advised specifically on.

Cash flow

A well-organised cash flow management system is vital to the longevity in any business. By keeping your personal finances and business finances distinct, businesses can easily view, monitor and plan based on the ability to effectively assess their cash flow position.

I'm now able make espresso for clients with the best equipment.
Cafe Owner
Business business loans, interest rates and repayment terms as well as flexible repayment options to suit your business requirements.
Business Lending Options
I'm now able to go on a holiday knowing I am confident that my Woody Point business will run smoothly.
Local Business Owner
Business loans, especially an unsecured business loan or line of credit to business financing require to not become a stressfull process. Business finance in the form of small business loans that have an interest rate and repayment period which is compatible with your business budget.
Business Lenders for Business Goals
I'm able to get my taxes back on track.
Small Business Owner
I can now fund the construction of our newly constructed Woody Point resturant without having to pull cash from the other ones.
Woody Point Resturant Owner
An easy loan application process with a generous borrowing limit, minimal requirements for credit and no need to submit a business plan. Do not use your personal credit card or business credit cards to finance your business.
Unsecured Loans Made Simple
I can now hire a marketing professional to take my business to the next stage of business growth.
Growing Business
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Woody Point Small Business Loans

Tell me more about Woody Point Small Business Loans

Woody Point unsecured loans offers the range of $5,000 to $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.

What makes this Unsecured Loan different from an ordinary business loan?

Apply for your Small Business Loan in under 10 minutes over the phone. You’ll get a same day response and the funds could be available in just 24 hours. Traditional business loans have an annual rate of interest together with additional fees and charges. We offer a business loan is a loan that is priced upfront which means you be aware in advance of the total amount due, which includes any fees, charges or charges. This is then broken down into either a daily or weekly repayment figure.

What can the Small Business Loan be used for?

A Small Business Loan can be used for almost any business purpose including the management of cash flow, business renovations, marketing to purchase inventory, new equipment, to fund general working capital and much more. The loan cannot be used to fund personal expenses.

About Larger Woody Point Business Loans

What is the Larger Woody Point Business Loan?

The Larger Business Loan is a larger loan size to support company growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term with a maximum of 36 months. The repayments are made weekly or fortnightly depending on you cashflow.

How’s the Origination Fee determined?

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.

Can I get the Larger Business Loan?

To be eligible for a credit of this size the company needs to be trading for at least 3 years, and have an annual income of $700,000. You must be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand company (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.

What can the funding be used for?

A Larger Business Loan can be used for almost every company need, including business improvements, purchasing inventory or new equipment for general working capital and so much more. The loan is not available for personal purposes.

Is the Larger Business Loan a secured loan?

Asset security is needed for funding of more than $150,000. This can be done by way of charge over assets and can include registration with the PPSR or filing a caveat.

A personal or director’s guarantee is a guarantee to pay back a loan that is general in nature, rather than stating security over a particular asset. The person who is signing the guarantee is personally liable in the event that the business creditor is unable to re-pay the debt.

The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It records security interests that have been registered in respect of personal property (including items or assets). The PPSR gives the priority of personal property granted in accordance with the date on which a security interest has been registered.

A caveat is a legal document that is filed to provide the legal claim to property.

What is a pre-approval without Credit Check?

If you’re seeking a Larger Business Loan of $250,000 or more 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 the answer to a series of financial health questions. It is not an offer or guarantee of financing. The approval of a conditional loan is subject to an extensive credit evaluation and any offer that you receive could be based on different conditions.

Application process

Do I qualify for funds?

You are eligible to apply for an business loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are over 18 years, own a New Zealand company (with a valid NZBN/IRD)
  • can demonstrate at least 6 months worth of trade (for for the unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K or $500K)

How do I apply?

The application process is simple and easy. Simply complete the online form within a couple minutes, and a dedicated business expert in lending will contact you to assist you.

To apply for up to $100,000, you’ll need identification details (valid Driver’s License) along with a valid NZBN/IRD as well as at least 6 months of bank statements.

For larger loan sizes, you’ll also require:

$100K-$250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K-$500K: Information on the application including credit consent twelve months bank statement, an IRD statement as well as the two most recent years’ financial statements, and interim current financial year financials such as age-related payables and aged Receivables summaries.

How quickly will I receive an answer?

For an unsecured loan ($5K or more) we typically offer an answer in just one hour if you apply at standard company timings and let us utilise the bank verification system to instantly verify your bank details online. If you want to submit copies of your bank statements we can offer an answer in just 1 company day.

For the Larger Business Loan ($100K to $500K) we may be capable of provide you with a conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval document, you will need to wait around 2-3 days for final approval. However, this can be quicker based on the specifics of each application. Some offers have been approved within the space of 24 hours.

The quickest method is to ensure you apply during normal company hours. You can also allow us to use our modern bank verification to instantly confirm your bank details online. If you opt to send us documents from your account statements it will take a little longer.

How quickly will I receive the cash?

For the Small Business Loan ($5K to $100K) we usually offer a response in one hour if you submit your request during standard business time and let us use the advanced bank verification system link to instantly verify your bank details online. If you want to upload copies of your bank statement, we’ll provide an answer in just the span of one business day.

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

The fastest method for you to apply is ensure you apply during standard business hours. You can also allow us to use the advance bank verification link to instantly check your bank’s information online. If you upload documents from your account accounts, it will take a little longer.

How much can I borrow?

We provide loan amounts between $5,000 and $500,000. If you apply for a particular amount, we consider a variety of factors in order to assess the health for your business and the amount of repayments your company will be able to support. The amount you receive from the loan will be determined by the specific circumstances that are unique to your company.

When you submit an application for a particular amount, we look at a range of aspects to assess the health that is your business as well as the amount of repayments that your company can afford. The total amount of your loan will be determined by the particular circumstances that are unique to your business.

Fees & repayments

How do you charge for an company loan?

When you request business loans with us business loans, 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 business loan is a loan that is priced upfront and you’ll be aware in advance of the total amount you will have to pay, including costs, fees, or interest rates.

What determines the amount I’m charged?

The interest rates on business loans rates depend on several factors such as the amount that is borrowed, the company assets the funds are used to purchase, the industry the business is operating in, how long the business has been running for, how long the business has sufficient cash flow to fund the loan, as well as the general health or financial standing of the company.

What are the charges?

There aren’t any hidden charges with our company loans. You’ll know exactly how much you be required to pay and when, starting from the first day. There’s no compounding interest, and no extra fees (as as you make your payments in time).

We do not charge an Application Fee. You are able to apply for a loan with no cost upfront or the obligation to take action.

The Origination Fee covers the costs associated with establishing and managing the loan. You are only charged this fee if you decide to take the loan. Our Origination Fee is 2.5 percentage of the amount of loan.

Can I pay off the loan early?

You may choose to pay back the total amount of your loan at any point in time.

If you choose to pursue this option, please speak to our friendly company loan professionals. We will offer you with the details of your repayment as well as an early payout amount. This is calculated as the sum of the principal remaining and the accrued interest up to the time of early payment, plus 1.5% of the principal amount remaining and any outstanding fees.

What are the repayment methods?

To ensure that you don’t miss payment dates and to align your cash flow schedule, we provide repayments either weekly or daily. These are automatically deducted from your company account.

Security & privacy

Will my data be protected?

Making sure that your information is secure, and knowing the ways we gather the information we collect, use, share and ensure the security of your information is of huge importance and is a crucial aspect of our relationship with you.

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

Yes. We employ industry-recognised encryption techniques to protect your sensitive, personal and financial data and our funders are ISO 27001 qualified for our commitment to customer security and security. We use an advanced bank verification system to immediately verify your bank account information online, allowing us to offer a fast response.

About business loans

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

An asset-based loan is when an company owner borrows from an asset they own to secure the funding. The asset could be a personal asset like the family home or an business property like a truck or piece or equipment.

The vast majority of the lenders including the big banks, tend to make loans secured by assets. If you have trouble paying back the loan then your asset may be taken over by the lender. In essence, it’s an opportunity to secure new financing by using the worth of the asset you already own.

Are I require security to get a business loan?

Up to $150,000 in loans it is not necessary to secure assets in advance to gain access to the funds however, we do require a personal guarantee. So long as you comply with your loan obligations (as stipulated in your loan contract document), asset security is not required. For loans over $150K generally there is a personal guarantee and security is provided in the form of an asset charge.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction houses and auction websites
  • Debt collection firms & debt purchasers
  • Direct marketing including mail order, fundraising, telemarketing, direct-mail etc
  • Financial institutions or lenders
  • {Firearm related businesses
  • Foreign currency exchange services
  • Freight forwarding & customs clearing houses
  • Gambling related industries
  • Non-profit organisations, charities and churches etc.
  • Panel beaters & smash repairers
  • Pawnbrokers and pawn shops
  • Property developers
  • Stockbrokers, shares andinvesment businesses
  • Tattoo studios
  • Taxi or ridesharing services
  • Ticket resellers & entertainment sales
  • Vehicle towing services
  • Secondhand automotive dealerships
  • Automotive glass tintingfirms
  • Vehicle dismantlers

While we aren’t able to help with an unsecure business loan for those industries, we might be able to help you by providing the secured business loan.

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1300 931 895