The requirements for getting an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Check out the eligibility requirements for our $100K-$500K business credit.
All that’s required to start is your contact details (company name and your name, as well as email and telephone) as well as the amount you want to borrow, and your monthly earnings.
During the process and before settlement we’ll require confirmation of your identity, but not for starting:
Once we’ve started in the process, for loans greater than $150,000 you will also require the following financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts of between $5,000 and $100,000 with terms between 3 and 24 months, cash flow friendly repayments that are either daily or weekly.
It is possible to apply for the Small Business Loan in under 10 minutes online or by phone. You will receive a same day response and have the funds in your account in 24 hours. Traditional company loans are based on an annual interest rate plus other fees and charges. We offer a company loan is a loan that is priced upfront therefore you’ll know ahead of time the total amount payable including any fees, interest or charges. Then, it is divided into a daily or weekly amount to be paid back.
The Small Business Loan can be used to fulfill almost any company purpose including managing cash flows, business remodeling, marketing to purchase inventory, new equipment, or as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans range between $100,000 and $500,000 for a fixed period of with a maximum of 36 months. The repayments are made weekly or fortnightly in order to accommodate the flow of cash.
The Larger Business Loan has an Origination Fee that is determined at 2.5% of the amount of the loan.
To be eligible for a loan of this size the company needs to have been in operation for at least 3 years with an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have 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 every business use, including business renovations, purchase of inventory or new equipment or as general working capital and so much more. The loan cannot be used to fund personal expenses.
Asset security is necessary to obtain funding above $150,000. It is usually in the form of a charge over assets, and may include registering this with the PPSR or filing as a caveat.
A director’s or personal guarantee is a guarantee to pay off a credit line that is generally based rather than defining the security for a particular asset. The person who is signing the guarantee is personally accountable if the company borrower is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It contains security interests that are registered for personal property (including items or assets). The PPSR gives prioritisation over property that is personal to be granted according to the date the security interest has been registered.
The caveat can be described as a formal form of document to provide notice of a legal claim to property.
If you’re applying for larger business loans that is greater than $250K, we may offer an initial pre-approval that will help ease the process. We may be able to get this done without a credit check, and within 6 hours of the initial application. This pre-approval is based on an initial evaluation that involves answering a couple of financial health checks. This is not an offer or guarantee of finance. Unconditional approval is subject to an extensive credit evaluation and any offer that you might receive could be subject to different conditions.
You can apply for an company loan if you;
The application process is simple and simple. Just fill out the online application within a couple minutes, and a dedicated business loan specialist will be in touch to help you.
To apply for up $100,000 you’ll need proof of identity (valid Driver’s Licence) and a valid NZBN/IRD and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll need:
$100K to $250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K – $500K: Details for application including credit consent and 12 months of bank records, IRD statement as well as the two most recent years’ financial statements, plus interim financial statements for the current year 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 apply during standard business time and you allow us to utilise the bank verification system link to instantly verify your bank information online. If you want to upload copies of your bank statements , we will be able to offer an answer within the span of one company day.
For the Larger Business Loan ($100K up to $500,000) we may be able to provide you with conditional pre-approval in around six hours. After you’ve signed your pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this can be quicker based upon the circumstances for each application. Certain offers have been approved within 24 hours.
The quickest method is to ensure you apply during normal business hours and let us use the advanced bank verification system link to verify your bank account information online. If you opt to send us documents from your account statements it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often offer an answer within an hour if you apply within standard business hours and you allow us to make use of the advanced bank verification system link to instantly verify your bank information online. If you decide to submit copies of your bank statement, we’ll offer an answer in as little as 1 business day.
For Larger Business Loans ($100K to $500K) we may be likely to provide you with conditional pre-approval in about six hours. Once you’ve signed your pre-approval, the turnaround time is around 2-3 days for final approval. However, this could be shorter based on the specifics of each application. Some agreements have been approved in 24 hours.
The most efficient method for you to apply is make sure you apply during normal business hours and permit us to use the advanced bank verification system to instantly verify your bank information online. If you opt to send us copies of your bank statement, it can take a bit longer.
We provide loans ranging from $5,000 and $500,000. If you apply for a particular amount, we will consider a number of elements for determining how much we can lend you well-being of the company and the extent of repayments your company can support. The amount you receive from the loan will be determined by the specific circumstances that are unique to your business.
When you apply for a specific amount we will consider a number of variables to determine how much we can lend you such as well-being for your company and the level of repayments that your business can afford. The total amount of your loan will be contingent on the specifics that are unique to your business.
If you decide to apply for our company loans, we will assess the risk assessment the company and offer you with a customised offer, including the amount of the loan, the duration and the interest rates. It is a business loan is an upfront-priced loan which means you be aware in advance of the total amount due, which includes any costs, fees, or interest rates.
Business loan interest rates depend on several factors including the amount borrowed, what company assets the funds are used to purchase and the sector the company operates in, how long the company has been in operation for, how long the business has sufficient cash flow to fund the loan, and also the general health as well as creditworthiness company.
There are no hidden fees with our company loans. You’ll know precisely what you be required to pay and at what time, from the very first day. There’s not any compounding interest and no additional fees (as as you make your payments punctually).
We don’t charge an Application Fee. You are able to get a cash loan with no cost upfront or obligation to proceed.
The Origination Fee covers the expenses involved in 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% of the amount of loan.
You can repay all of your loan early at any time.
If you are deciding to pursue this option, please call our helpful company credit specialists. The specialists will provide you with repayment details as well as an early payout amount. This is 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 remaining and any fees that remain unpaid.
To help you avoid missing repayments and to fit in with your cash flow cycle we offer repayments that are either weekly or daily. These are automatically deducted from your company account.
Making sure that your information is secure, and being clear about how we collect the information we collect, use, share and ensure the security of your information is of huge importance and an integral aspect of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 certified for our dedication to the security of our customers as well as their security. We use an advanced bank verification system to immediately verify your bank account details online, allowing us to offer an immediate response.
Asset-based borrowing occurs when the business owner borrows from the assets they have to make the loan. The asset can be either a personal asset like the family home or a company asset like a truck or other piece of machinery.
The vast majority of lenders, not just the big banks, tend to secure loans against an asset. If you have trouble paying back the loan, the asset could be offered for sale by the lender. In essence it’s a way of securing additional financing using the worth of the asset you already own.
For loans up to $150,000 the requirement for asset security is not required in advance to gain access to the funds but we require a personal guarantee. need a personal guarantee. So long as you comply with the loan terms (as stated in the loan contract) Asset security is not needed. For loans that exceed $150K, generally there is an individual ensure and security in the form of an asset charge.
