The eligibility requirements for an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Are you looking for additional funding? Take a look at the guidelines for eligibility for our $100K-$500K company loan.
All that’s required to begin is your contact information (the name of your company, your name, email and phone) along with the amount you’d like to lend, and your monthly earnings.
During the process and before settlement we will require confirmation of your identity, however, not in order to begin:
Additionally after we get started when it comes to loans that exceed $150,000, you’ll also require basic financial statements.
Let’s get started now.
Brisbane unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments, which are either daily or weekly.
You can apply to get 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 have an annual rate of interest plus other fees and charges. Our business loan is a loan that is priced upfront therefore you’ll know ahead of time the total amount to be paid, including the interest, fees and charges. This is then divided into a daily or weekly payment amount.
The Small Business Loan can be used to fulfill almost any company purpose including managing cash flows, business renovations, marketing to purchase inventory, 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 company expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed up to 36 months. Repayments are weekly or fortnightly to work with the flow of cash.
This Larger Business Loan has an Origination Fee that is calculated at 2.5 percent of the amount of the loan.
To be eligible for a credit that is this large the company needs to be operating for at least three years and generate an annual revenue of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old as well as own a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.
A large company loan can be used for almost all company reason, such as business renovations, to purchase new equipment or inventory or as general working capital and much more. The loan is not available for personal reasons.
Asset security is required for accessing funds over $150,000. It’s as a result of an charge on assets, which could also include the registration of this on the PPSR or registering a caveat.
A director’s or personal guarantee is a guarantee to repay credit that is generally based rather than specifying security over an asset. The person who is signing the guarantee is personally liable in the event that the business the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It records security interests that have been registered in respect of personal property (including objects or assets). The PPSR gives preference over private property assigned in accordance with the date on which a security interest has been registered.
An affidavit is an official document that is filed to provide notice of a legal claim to a property.
If you’re requesting a Larger Business Loan of $250K or more it is possible to offer an initial pre-approval in order to ease the process. It is possible to apply for this without a credit verification and within 6 hours of the initial application. The pre-approval is based upon an initial assessment, which involves you answering a few financial health questions. It is neither an offer nor a guarantee of credit. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer you might receive could be based on different conditions.
You are eligible to apply for an company loan if you
The application process is fast and simple. Just complete the online application within a couple minutes, and an experienced business expert in lending will call you to help you.
To be eligible for up to $100,000 you’ll need identification details (valid Driver’s Licence) and a valid NZBN/IRD and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll need:
$100K to $250K: Application details including credit consent, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K – $500K: Details of the application, including credit consent twelve months bank statement, an IRD statement Last 2 years’ finalised financial statements, as well as interim current financial year financials such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K or more) we typically provide a response in one hour if you make your application at quality company time and let us utilise the advanced bank verification system to instantly verify your bank details online. If you choose to send us copies of your bank statements , we’ll be able to provide the decision in just an business day.
For the Larger Business Loan ($100K or more) we might be likely to provide you with conditional pre-approval in about 6 hours. After you’ve signed your pre-approval form, it will take approximately 2-3 days to receive final approval, however this can be quicker based upon the circumstances for each application. Certain transactions have received approval in the space of 24 hours.
The quickest method is to make sure you apply during standard business hours and let us use the advance bank verification link to instantly check your bank’s information online. If you send us duplicates of your banking accounts, it will take a little longer.
For the Small Business Loan ($5K or more) we typically provide a response in one hour – provided you apply during normal business timings and let us use the bank verification system link to instantly verify your bank details online. If you opt to submit copies of your bank statements we can offer an answer in just 1 business day.
For Larger Business Loans ($100K or more) we could be in a position to provide you with conditional pre-approval within 6 hours. After you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval, however it could be faster based on the circumstances of each application. Some offers have been approved in less than 24 hours.
The most effective method is to ensure you apply during normal business hours, and permit us to use the modern bank verification link to confirm your bank details online. If you opt to upload duplicates of your banking accounts, it can take a bit longer.
We offer loans that range from $5,000 to $500,000. When you submit an application for a certain amount we will consider a number of variables for determining how much we can lend you health of the company and the level of the repayments your business can support. The total amount of your loan will depend on the particular circumstances the business.
When you apply for a certain amount, we will consider a number of elements to assess the health of the business and the extent of the repayments your business can afford. The amount you receive from your loan will be determined by the particulars that are unique to your company.
If you decide to request the business loans, we’ll assess the risk assessment for your company and provide an individualised offer, including the amount of loan, the term and interest rates. It is a company loan is an upfront-priced loan which means you be aware of the total amount you will have to pay, including costs, fees, or interest rates.
Business loan interest rates depend on a variety of factors such as the amount that is borrowed, the company assets the money will be used for as well as the field the company operates in, the long the company has been operating for, whether the company has sufficient cash flow to pay for the loan, and also the overall health or creditworthiness of the company.
There aren’t any hidden charges for our company loans. You’ll know precisely what you’ll be required to pay and when, right from the first day. There’s no compounding interest, and no additional fees (as long as you make your payments on time).
We don’t charge an application fee. You are able to apply for a loan with no cost upfront or any obligation to sign up.
The Origination Fee includes the expenses associated with the setting up and management of the loan. This is only a fee if you proceed with the loan. The Origination Fee for us is 2.5% of the amount of loan.
You can choose to repay the entire amount of the loan in full at any time.
If you are deciding to do this please contact our helpful business lending experts. We will provide you with details on repayment as well as an early payout amount. This will be calculated as the sum of the principal balance and accrued interest to the date of early payout and 1.5% of the principal amount remaining and any outstanding fees.
To make sure you do not miss payment dates and to align your cash flow cycle we offer repayments either weekly or daily. These are automatically withdrawn from your company account.
Protecting your information, and being clear about the ways we gather data, process, exchange and secure your information, is vital and is an essential aspect of our relationship with you.
Yes. We use industry recognised encryption standards to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our commitment to the security of our clients as well as their privacy. We utilise a sophisticated bank verification system that allows you to instantly verify your bank account details online to provide quick responses.
The term "asset-based" refers to borrowing where the business owner borrows from an asset that they own to make the funds for a loan. The asset may be a personal asset like the family home, or it could be a business asset like a truck or other piece of machinery.
The majority of lending institutions, even the largest banks, are inclined to guarantee loans against assets. If you’re having trouble paying back the loan, then your asset may be transferred to the lender. In essence it is the process of securing new financing by making use of the value of what you already have.
For loans that exceed $150,000, it is not necessary to secure assets upfront to access the money, however we require a personal guarantee. need a personal guarantee. In the event that you fulfill your loan commitments (as detailed in the loan contract) the security of assets is not required. If you take out loans in excess of $150K typically, you will need personal guarantee and security in the form of charges on assets.
