The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K is fairly low.
Are you looking for additional funding? Take a look at the eligibility requirements for our $100K to $500K business loans.
All that is needed to start is your contact details (company name, your name, email and phone) as well as the amount you’d like to lend, and your monthly earnings.
While in the process and before settlement we’ll need confirmation of your identity but not before we can begin:
After we start, for loans that exceed $150,000, you’ll require basic financial statements:
Let’s get started.
Brisbane unsecured loans provides amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow-friendly repayments which can be made daily or weekly.
Apply to the Small Business Loan in under 10 minutes on the phone. You’ll receive an instant response and funds may be on your account within 24 hours. Traditional business loans are based on an annual rate of interest together with additional fees and charges. This company loan is an upfront priced loan therefore you’ll be aware of the total amount due, which includes the interest, fees and charges. Then, it is divided into weekly or daily payment amount.
The Small Business Loan can be used for nearly every business need, such as the management of cash flow, business improvements, advertising for purchasing inventory or new equipment, as general working capital and so much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger loan size to support company expansion opportunities. Loans range between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are scheduled weekly or fortnightly, depending on your cash flow.
It is crucial to note that the Larger Business Loan has an Origination Fee, determined at 2.5% of the amount of the loan.
In order to be eligible for a loan in this amount the company needs to have been operating for at least three years and generate an annual revenue of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A Business Loan of a larger size can be used for almost every business purpose including business renovations, purchase of new equipment or inventory as well as for general working capital and much more. The loan is not available to fund personal expenses.
Asset security is needed to access funding over $150,000. This is in the form of a charge over assets, and could include registration through the PPSR or making a caveat.
A director’s or personal ensure is a guarantee to repay credit that is general in nature, rather than specifying security over an asset. The person who is signing the guarantee is personally liable in the event that the company creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including objects or assets). The PPSR allows the priority of personal property granted according to the date the security interest has been registered.
A caveat is a legal document lodged to offer notice of a legal claim against a property.
When you’re applying for a Larger Business Loan of $250,000 or more we may be able to provide a preliminary pre-approval to help simplify the process. We might be able to make this decision without a credit check and within 6 hours of the initial application. This pre-approval is made based on a preliminary assessment which includes the answer to a series of financial health questions. It’s not an offer or guarantee of credit. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you are offered could be subject to different terms.
You may be eligible for an business loan if you
The application process is simple and simple. Simply complete the online form in just a few minutes, and an experienced company lending specialist will call you to help you.
To apply for up $100,000, you’ll require ID details (valid Driver’s Licence) as well as an NZBN/IRD that is valid and at least six months of bank statements.
For larger loan sizes, you’ll also require:
$100K – $250K: Details of application, including credit approval, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K – $500K: Application details including credit consent, 12 months of bank statements, IRD statements Last 2 years’ finalised financial statements, in addition to interim financials for the current financial year including Aged Payables, Aged Receivables summary.
For an unsecured loan ($5K to $100K) we usually provide an answer in just one hour – as long as you apply during quality business times and let us use the advanced bank verification system to instantly verify your bank information online. If you opt to submit copies of your bank statements we can provide the decision within just the span of one business day.
For the Larger Business Loan ($100K up to $500,000) we could be capable of provide you with conditional pre-approval within six hours. Once you have signed the pre-approval form, it will take around 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Certain transactions have received approval within the space of 24 hours.
The quickest method is to ensure you apply during standard company hours and allow us to use our advanced bank verification system to instantly verify your bank account information online. If you decide to send us copies of your bank statements it may take a bit longer.
For the Small Business Loan ($5K to $100K) we can often offer an answer in just one hour, provided you apply within standard business time and you allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you want to upload copies of your bank statements we can provide a decision in just the span of one business day.
For the Larger Business Loans ($100K to $500K) we may be able to provide you with pre-approval conditional to your application within six hours. Once you’ve signed your pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this can be faster depending on the circumstances of each application. Some agreements have been approved in the space of 24 hours.
The fastest way is to make sure you apply during normal business hours. Also, allow us to use the modern bank verification to instantly check your bank’s information online. If you choose to upload documents from your account statement, it may take a bit longer.
We offer the loan amount between $5,000 to $500,000. If you apply for a certain amount we will consider a number of elements in order to assess how much we can lend you health for your company and the level of repayments your business can support. The amount you receive from your loan will depend on the specifics of your business.
When you apply for a certain amount, we look at a range of aspects to determine the well-being of your business as well as the amount of the repayments your company can support. The amount you receive from the loan will be determined by the particulars the business.
If you decide to apply for one of our business credit, we will assess the risk profile for your company and provide you with a tailored offer, including the loan amount, the terms and interest rates. This business loan is a loan that is priced upfront so you will be aware in advance of the total amount you will have to pay, including costs, fees, or interest rates.
The interest rates on business loans rates differ based on various variables like the amount to be that is borrowed, what company assets the money will be used for and the sector the business is in, how long the business has been running as well as in the event that the company has enough cash flow to cover the loan, as well as the general well-being or financial standing of the company.
There aren’t any hidden charges with our company loans. You’ll know exactly how much you be required to pay and when, from the very first day. There’s not any compounding interest and the loan comes with no additional fees (as long as you make your payments on time).
We don’t charge an application fee. You can make an application for loans absolutely no upfront cost and no the obligation to take action.
The Origination Fee is the cost associated with the setting up and management of the loan. It is only charged for this cost if you take out the loan. Our Origination Fee is 2.5 percentage of the amount of loan.
You can decide to repay all of your loan at any point in time.
If you do decide to do this please call our helpful business loan specialists. We will provide you with details on repayment as well as an early payout amount. The figure will be calculated as the total of the remaining principal amount and the accrued interest up to the time of the early payout in addition to 1.5 percent of the remaining principal plus any outstanding fees.
In order to help you avoid missing payment dates and to align your cash flow schedule, we provide payments that are either weekly or daily. These are automatically withdrawn from your company account.
Protecting your information, and being upfront about how we collect the information we collect, use, share and protect your information, is crucial and is an essential part of our relationship with you.
Yes. We use industry recognised encryption standards to secure your personal, sensitive and financial data and our funders are ISO 27001 qualified for our dedication to protecting the security of clients and privacy. We make use of an advanced bank verification system that allows you to instantly confirm your bank account information online. This allows us to offer an immediate response.
An asset-based loan is when an company owner uses the assets they have to secure a loan. The asset may be an individual property, such as the family home, or an business asset such as a truck or piece of equipment.
The majority of banks, including the major banks, prefer to make loans secured by assets. If you’re struggling to pay back the loan, your asset may be offered for sale by the lender. In essence it is a way of securing new funding using the worth of the asset you already have.
For loans up to $150K no asset security is required in advance to gain access to the funds, however we do require the personal guarantee. In the event that you fulfill your loan obligations (as detailed in your loan contract) and you are able to meet your obligations, asset security will never be required. For loans over $150K typically, you will need an individual ensure and security in the form charges on assets.
