The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Check out the conditions of eligibility for our $100K to $500K business financing.
All that’s required to start is your contact information (the name of your company, your name, email and phone) along with the amount you want to borrow, and your monthly revenue.
During the process and before settlement we’ll need confirmation of your identity, but not before we can begin:
After we start with loans greater than $150,000 you’ll also need fundamental financial statements:
Let’s get started now.
Brisbane unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 months and cash flow friendly repayments which can be made daily or weekly.
Apply for the Small Business Loan in under 10 minutes on the phone. You’ll receive a same day response and have the funds available in just 24 hours. Traditional business loans reference an interest rate per annum as well as other fees and charges. The company loan is an upfront priced loan which means you be aware of the total amount due, which includes any fees, interest or charges. This is then broken down into either a daily or weekly payment amount.
The Small Business Loan can be used for nearly any business need, such as cash flow management, company improvements, advertising, to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans range between $100,000 and $500,000 with a fixed-term for up to 36 months. Repayments are weekly or fortnightly to work with your situation.
The Larger Business Loan has an Origination Fee, determined at 2.5 percentage of the loan amount.
To be eligible for a credit in this amount the business needs to be trading for at least 3 years and generate an annual revenue of $700,000. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A large company loan is a great option for almost every company reason, such as company renovations, to purchase new equipment or inventory, as general working capital and so much more. The loan is not available for personal purposes.
Asset security is required for funding of more than $150,000. This can be done as a result of an charge against assets, which could also be registered with the PPSR or the registration of as a caveat.
A director’s or personal ensure is a guarantee to pay off a credit line that is general in nature rather than stating the security of a specific asset. The person who signs the guarantee is personally accountable if the company lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including the assets or goods). The PPSR allows preference over private property granted according to the date a registration of a security interest.
Caveats are legal form of document to offer an official notice of a claim on a property.
If you’re applying for a Larger Business Loan that exceeds $250K we may be able to provide a preliminary pre-approval to help make the process. It is possible to do this without a credit check, and within 6 hours of your initial application. This pre-approval is made based on an initial assessment, which involves you answering a few financial well-being checks. It is not an offer or guarantee of credit. Acceptance without condition is subject to a full credit assessment and any offer that you may receive may be on different conditions.
You may apply for an business loan if you;
The application process is simple and simple. Just fill out the online application in few minutes and a dedicated business lending specialist will contact you to guide you.
To be eligible for up to $100,000, you’ll require the right identification documents (valid Driver’s Licence) as well as an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll need:
$100K to $250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Details of the application, including credit consent and 12 months bank statement, an IRD statement and the last two years’ finalised financial statements, plus interim financial statements for the current year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K or more) we typically provide a response in one hour – as long as you submit your request during quality business hours and permit us to make use of the advanced bank verification system to immediately verify your bank account information online. If you want to upload copies of your banking statements , we are able to offer a decision within just the span of one business day.
For the Larger Business Loan ($100K or more) we may be in a position to provide you with conditional pre-approval in about six hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval, however this can be quicker based on the specifics of each application. Certain offers have been approved within less than 24 hours.
The most effective method would be to ensure you apply during standard company hours and let us use the advance bank verification to instantly check your bank’s information online. If you opt to upload the copies of bank statements it will take a little longer.
For the Small Business Loan ($5K or more) We can usually provide an answer within one hour if you apply at normal business times and permit us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you opt to upload copies of your bank statement, we’ll provide a decision within 1 business day.
For the Larger Business Loans ($100K or more) we could be likely to provide the conditional pre-approval in around six hours. Once you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this can be faster depending on the specifics of each application. Certain agreements have been approved within less than 24 hours.
The most effective method is to ensure you apply during standard business hours and permit us to use the modern bank verification link to check your bank’s information online. If you decide to send us documents from your account accounts, it can take a bit longer.
We offer loans that range from $5,000 and $500,000. When you submit an application for a certain amount we will consider a number of aspects that determine your health of your company and the extent of payments your company is able to afford. The amount you receive from your loan will be contingent on the specific circumstances of your business.
When you submit an application for a particular amount, we will consider a number of aspects to assess how much we can lend you such as health of your company and the amount of payments your company can afford. The amount you receive from the loan will be determined by the specific circumstances of your business.
If you decide to request our company financing, we’ll assess the risk assessment of your business and provide you with a customised proposal that includes the amount of the loan, the duration and interest rates. A business loan is a loan that is priced upfront and you’ll be aware in advance of the total amount payable including any charges or interest.
Business loan interest rates depend on a variety of factors including the amount borrowed, the company assets the funds are used to purchase in addition to the industry that the company operates in, the long the business has been operating, whether the business has sufficient cash flow to pay for the loan, and general well-being or creditworthiness of the company.
There aren’t any hidden charges with our business loans. You’ll be aware of the amount it is that you be required to pay and when, from the day you sign up. There’s no compounding and no extra fees (as long as you are able to make your payments punctually).
We don’t charge an Application Fee. You are able to apply for a loan without any upfront costs or obligation to proceed.
The Origination Fee is the cost associated with the setting up and management of the loan. This is only a cost if you take out the loan. The Origination Fee for us is 2.5 percentage of the amount of the loan.
You may choose to pay back the total amount of your advance loan at any time.
If you do decide to take this route, please call our helpful company credit experts. The professionals will offer you with details for repayment and an early payout figure. The figure will be calculated as the sum of the principal remaining and any accrued interest at the time of the early payout, plus 1.5% of the principal amount remaining plus any outstanding fees.
To ensure that you don’t miss payment dates and to align with your cash flow routine, we offer repayments either daily or weekly. These are automatically deducted from your designated company account.
Protecting your information, and being upfront about the ways we gather the information we collect, use, share and safeguard your data, is vital and a vital part of our relationship with you.
Yes. We use industry recognised encryption standards to secure your sensitive, personal financial information and our funders are ISO 27001 certified for our commitment to the security of our customers as well as their privacy. We use an advanced bank verification system that allows you to instantly confirm your bank account information online. This allows us to offer an immediate response.
The term "asset-based" refers to borrowing where a company owner utilises an asset that they own to secure a loan. The asset may be an asset belonging to the personal, like the family home, or an company asset such as a truck or piece of equipment.
The majority of lenders, including the major banks, prefer to guarantee loans against an asset. If you’re struggling to pay back the loan, then your asset may be transferred to the lender. In essence it’s the process of securing additional financing taking advantage of the value of what you already have.
For loans of up to $150,000, it is not necessary to secure assets upfront to access the money but we do need an individual guarantee. As long as you follow the loan terms (as detailed in your loan contract) and you are able to meet your obligations, asset security is not needed. For loans over $150K typically, you will need a personal guarantee and security in the form a charge over assets.
