The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Need more funds? Review the conditions of eligibility for our $100K-$500K business financing.
All that’s needed to start is your contact details (the name of your company, your name, email or phone number) as well as the amount you’d like to borrow, and your monthly revenue.
During the process and before settlement we will require confirmation of who you are but not before we can begin:
Once we’ve started in the process, for loans greater than $150,000 you will also need basic financial statements:
Let’s get started.
Brisbane unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 months, cash flow-friendly repayments which can be made daily or weekly.
Apply for the Small Business Loan in under 10 minutes online or over the phone, receive an instant response and funds may be 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 an upfront priced loan which means you be aware in advance of the total amount to be paid, including the interest, fees and charges. This is then divided into a daily or weekly amount to be paid back.
A Small Business Loan can be used for nearly every business need, such as the management of cash flow, business improvements, advertising, to purchase inventory or new equipment, to fund 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 expansion opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of that can last up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate your situation.
A Larger Business Loan has an Origination Fee that is calculated at 2.5% of the loan amount.
To qualify for a loan that is this large, your business needs to have been operating for a minimum of 3 years and have an annual turnover of $700K. It is necessary to 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 least 12 months of trading.
A Larger Business Loan can be used to fund almost all business need, including business renovations, to purchase new equipment or inventory for general working capital and so much more. The loan cannot be used for personal use.
Asset security is necessary to access funding over $150,000. This can be done by way of charge against assets and can include registration in the PPSR or registering a caveat.
A personal or director’s ensure is a commitment to repay a loan which is generally in nature rather than defining security over an asset. The person signing the ensure is personally responsible if the business lender is not able to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It reflects security interests registered in respect of personal property (including goods or assets). The PPSR permits the priority of personal property granted in accordance with the date on which a security interest that is registered.
An affidavit is an official document lodged to provide the legal claim to property.
If you’re seeking a Larger Business Loan that is greater than $250K we may be able to provide an initial pre-approval that will help simplify the process. We could be able to make this decision without a credit check and within six hours of your initial application. This pre-approval is based on a preliminary assessment which includes you answering a few financial health checks. It’s in no way an offer, nor is it a guarantee of financing. Acceptance without condition is subject to an assessment of your creditworthiness and any offer you receive could be based on different terms.
You may apply for a business loan if you
The application process is simple and easy. Just complete the online application within a couple minutes, and a dedicated company credit specialist will call you to assist you.
To apply for up $100,000 you’ll require ID details (valid Driver’s Licence), an active NZBN/IRD, and at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll also need:
$100K – $250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K to $500K: Details of the application, including credit consent twelve month bank accounts, the IRD statements as well as the two most recent years’ financial statements, and interim financials for the current financial year such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K or more) We can usually provide a response in one hour if you make your application in quality business hours and allow us to utilise the advanced bank verification system to instantly verify your bank information online. If you choose to submit copies of your bank statement, we’ll offer the decision in as little as 1 business day.
For the Larger Business Loan ($100K or more) we might be in a position to offer you with conditional pre-approval within about six hours. After you’ve signed your pre-approval form, it will take around 2-3 days for final approval, however this could be shorter based on the circumstances of each application. Some transactions have received approval in less than 24 hours.
The most effective method for you to apply is make sure you apply during normal company hours. You can also allow us to use the advanced bank verification system link to instantly verify your bank information online. If you upload documents from your account statement, it can take a bit longer.
For the Small Business Loan ($5K to $100K) we usually provide a response in one hour – provided you submit your request in standard business times and you allow us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you want to upload copies of your banking statements, we are able to provide a decision in just one business day.
For the Larger Business Loans ($100K and up) we could be likely to offer you with conditional pre-approval in around 6 hours. After you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval, however this could be shorter based on the specifics of each application. Certain agreements have been approved in less than 24 hours.
The most effective method would be to ensure you apply during normal business hours. Also, allow us to use our sophisticated bank verification link to check your bank’s information online. If you decide to send us documents from your account statements, it may take a bit longer.
We offer loans that range from $5,000 to $500,000. When you make an application for a certain amount, we consider a variety of variables in order to assess how much we can lend you health for your business and the amount of the repayments your business will be able to support. The total amount of your loan will depend on the specifics of your business.
When you apply for a set amount, we look at a range of aspects to assess how much we can lend you such as well-being for your business and the extent of repayments your company is able to afford. The amount you receive from your loan will depend on the particular circumstances for your company.
If you decide to request the company financing, we’ll assess the risk assessment of your business and provide an individualised offer including the loan amount, the terms and interest rates. This business loan is a loan that is priced upfront and you’ll be aware of the total amount due, which includes any charges or interest.
Business loan interest rates vary due to factors including the amount of money borrowed, the company assets the funds will be used for in addition to the industry that the business operates in, how long the company has been in operation as well as how long the company has enough cash flow to pay for the loan, and general well-being or creditworthiness of the business.
There aren’t any hidden charges for our company loans, and you’ll know exactly how much you need to pay, and when, from the first day. There’s no compounding interest, and there are no additional charges (as long as you are able to make your payments punctually).
We do not 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 covers the expenses involved with the setting up and management of the loan. The only way to pay this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You can decide to repay the total amount of your loan in full at any time.
If you decide to do this please talk to one of our helpful business loan experts. They will provide you with details for repayment and an early payment figure. This will be calculated as the total of the remaining principal amount and accrued interest to the date of early payout in addition to 1.5% of the remaining principal and any fees that remain unpaid.
To make sure you do not miss payment dates and to align your cash flow cycle we offer repayments that are either weekly or daily. These are automatically deducted from your company account.
The security of your personal information, as well as knowing how we collect data, process, exchange and secure your information, is vital and an integral part of our relationship you.
Yes. We employ industry-recognised encryption standards to secure your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our dedication to customer security and security. We use an advanced bank verification system link to instantly verify the bank account details online, allowing us to provide an immediate response.
Asset-based borrowing is when the company owner utilises an asset that they own to get the loan. The asset could be a personal asset like the family home, or an company property like a truck or piece of equipment.
The majority of lenders, not just the major banks, prefer to secure loans against assets. If you’re having trouble paying back the loan then the asset might be offered for sale by the lender. In essence it is the process of securing additional financing taking advantage of the value of what you already have.
For loans of up to $150K, the requirement for asset security is not required upfront to access the money but we require a personal guarantee. require the personal guarantee. As long as you follow your loan commitments (as detailed in your loan contract) the security of assets will never be needed. If you take out loans in excess of $150,000 generally there is the option of a personal ensure and security in the form a charge over assets.
