The requirements for obtaining an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Do you require more money? Check out the guidelines for eligibility for our $100K to $500K business loans.
All that’s needed to get started is your contact information (company name, your name, email address and phone) and the amount you want to borrow, and your monthly income.
While in the process and before settlement we will require confirmation of who you are but not for starting:
Once we’ve started, for loans of more than $150,000 you’ll also need basic 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. They also offer cash flow friendly repayments that are either per day or weekly.
You can apply for your Small Business Loan in under 10 minutes online or by phone. You will receive an immediate response, and funds may be in your account within 24 hours. Traditional company loans are based on an interest rate per annum as well as other fees and charges. We offer a company loan is an upfront priced loan so you will know in advance the total amount to be paid, including any interest, fees or charges. Then, it is broken down into either a daily or weekly installment amount.
It is a Small Business Loan can be used for nearly every company reason, such as managing cash flows, business improvements, advertising to purchase inventory, new equipment, to fund general working capital and so much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans are between $100,000 and $500,000 for a fixed period of for up to 36 months. Repayments are scheduled weekly or fortnightly, depending on your situation.
The Larger Business Loan has an Origination Fee, calculated at 2.5% of the loan amount.
In order to be eligible for a loan that is this large, your company needs to have been operating for a minimum of 3 years, and have an annual income of at least $700K. The applicant must also 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 of proving at least 12 months of trading.
A large business loan can be used for almost any business purpose including business improvements, purchasing new equipment or inventory or as general working capital and so much more. The loan is not available for personal purposes.
Asset security is needed for accessing funds over $150,000. This can be done by way of charge over assets, and could include registration on the PPSR or the registration of as a caveat.
A personal or director’s ensure is a guarantee to pay back a loan that is generally based rather than specifying security over an asset. The person who is signing the ensure is personally accountable if the company borrower is unable to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It contains security interests that are registered for personal property (including the assets or goods). The PPSR gives preference over private property granted depending on the date that a security interest was registered.
The caveat can be described as a formal document filed to provide an official notice of a claim on a property.
If you’re applying for the Larger Business Loan of $250K or more, we may offer an initial pre-approval in order to make the process. We might be able to get this done without a credit verification and within six hours of your initial application. This pre-approval is made based on an initial assessment, which involves you answering a few financial well-being questions. It’s neither an offer nor a guarantee of credit. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you might receive could be based on different conditions.
You can apply for an company loan if you:
The process for applying is fast and simple. Complete the online form within a few minutes and an experienced company expert in lending will call you to guide you through the process.
To be eligible for up to $100,000, you’ll need identification details (valid Driver’s Licence) and an NZBN/IRD that is valid and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K-$250K: Application requirements, including credit consent, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K to $500K: Details of the application, including credit consent and 12 months bank statement, an IRD statement, last 2 years finalised financial statements, as well as interim financials from the current financial year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K and up) we usually provide an answer within an hour if you submit your request during standard business hours and permit us to use the advanced bank verification system to instantly verify your bank details online. If you choose to upload copies of your bank statements we can offer the decision within the span of one company day.
For the Larger Business Loan ($100K and up) we might be likely to provide the conditional pre-approval within about 6 hours. Once you have signed the pre-approval form, it will take between 2 and 3 days for the final approval, however this may be quicker depending on the specifics of each application. Some agreements have been approved within the space of 24 hours.
The fastest way can be make sure you apply during standard company hours. You can also allow us to use the advance bank verification link to instantly confirm your bank details online. If you send us the copies of bank accounts, it may take a bit longer.
For the Small Business Loan ($5K or more) we usually offer a response in one hour – as long as you submit your request in standard business timings and you allow us to utilise the advanced bank verification system to instantly verify your bank details online. If you opt to submit copies of your bank statements we can offer an answer in just one business day.
If you are applying for Larger Business Loans ($100K to $500K) we could be in a position to offer you with a conditional pre-approval in around 6 hours. Once you have signed the pre-approval form, it will take around 2-3 days for final approval. However, it could be faster based on the specifics of each application. Certain offers have been approved within 24 hours.
The quickest method can be make sure you apply during normal business hours, and let us use the modern bank verification link to instantly verify your bank information online. If you opt to upload copies of your bank statement, it takes a bit longer.
We offer loans that range from $5,000 and $500,000. When you make an application for a specific amount we take into consideration a range of aspects that determine the well-being of your business and the level of repayments that your business is able to afford. The amount you receive from your loan will be contingent on the particular circumstances that are unique to your company.
When you make an application for a certain amount, we consider a variety of aspects to assess the well-being of your company and the amount of repayments that your business can support. The total amount of your loan will be contingent on the specifics of your company.
If you decide to apply for one of our company loan, we will assess the risk profile for your business and offer you with a tailored proposal that includes loan amount, term and interest rates. The company loan is an upfront priced loan and you’ll be aware of the total amount due, which includes any interest rates, fees or charges.
The interest rates on business loans rates depend on a variety of factors such as the amount that is borrowed, the company assets the money are used to purchase and the sector the business operates in, the long the company is in operation, how long the business has sufficient cash flow to fund the loan, and the overall health and creditworthiness of the company.
There are no hidden fees for our business loans. You’ll know precisely what you be required to pay and when, from the very first day. There’s no compounding interest, and the loan comes with no additional fees (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 with with no upfront cost or obligation to proceed.
The Origination Fee is the cost associated with setting up and managing the loan. You are only charged this fee if you decide to take the loan. Our Origination Fee is 2.5% of the amount of loan.
You can repay all of your advance loan at any time.
If you decide to do this please contact our helpful company loans specialists. They’ll provide you with the details of your repayment and an early payout figure. This will be calculated as the total of the principal remaining and any accrued interest at the time of early payout, plus 1.5 percent of the principal balance as well as any outstanding fees.
To ensure you do not miss due dates and also to be in line with your cash flow standard, we provide payments that are either weekly or daily. They will be automatically deducted from your company account.
Protecting your information, and making it clear the ways we gather information, use it, and exchange it, as well as protect your information, is of paramount importance and is an essential part of our relationship with you.
Yes. We use industry recognised encryption standards to secure your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our dedication to security for our customers and security. We utilise a sophisticated bank verification system link to instantly verify the bank account details online to provide rapid response.
The term "asset-based" refers to borrowing where a company owner borrows from an asset that they own to get a loan. The asset could be an asset belonging to the personal, like the family home or an business property like a truck or other piece of machinery.
The vast majority of lenders, including the big banks, tend to make loans secured by assets. If you’re struggling to pay back the loan then your asset may be sold by the lender. In essence it’s an opportunity to secure new financing making use of the value of what you already have.
For loans of up to $150K, there is no requirement for asset security upfront to access the money, however we do require an individual guarantee. In the event that you fulfill your loan obligations (as stipulated in the loan contract), asset security will never be needed. For loans that exceed $150K, generally, there is personal guarantee and security in the form of charges on assets.
