The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Need more funds? Check out the eligibility requirements for our $100K-$500K business financing.
All you need to begin is your contact details (the name of your company, your name, email or phone number) and the amount you’d like to borrow and your monthly income.
While in the process and before settlement we will need confirmation of your identity but not before we can begin:
Once we’ve started, for loans that exceed $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. Terms range from 3 and 24 months. They also offer cash flow friendly repayments that are either per day or weekly.
The application for this Small Business Loan in under 10 minutes on the phone. You’ll receive an immediate response, and the funds could be in your account in 24 hours. Traditional company loans are based on an interest rate per annum along with other charges and fees. We offer a company loan is a pre-paid loan so you will be aware in advance of the amount you will have to pay, including any fees, charges or charges. This is then broken down into either weekly or daily repayment figure.
The Small Business Loan can be used for almost any company use, including control of cash flow company remodeling, marketing to purchase inventory or new equipment, to fund general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger amount of loan to help business expansion opportunities. Loans range from $100,000 to $500,000 for a fixed period of with a maximum of 36 months. Repayments are scheduled weekly or fortnightly, depending on your situation.
This Larger Business Loan has an Origination Fee which is determined at 2.5% of the loan amount.
In order to be eligible for a loan that is this large, your business 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, own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.
A Larger Business Loan can be used to fund almost any company purpose including company renovations, to purchase new equipment or inventory, as general working capital, and much more. The loan cannot be used for personal purposes.
Asset security is needed to obtain funding above $150,000. It is usually by way of charge on assets, and may be registered with the PPSR or filing a caveat.
A director’s or personal ensure is a guarantee to repay a loan which is generally in nature rather than stipulating security over an asset. The person who is signing the ensure is personally responsible if the company creditor is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including goods or assets). The PPSR allows prioritisation over property that is personal to be assigned according to the date a security interest was registered.
Caveats are legal document filed to provide the legal claim to property.
When you’re applying for the Larger Business Loan that exceeds $250,000 we can offer an initial pre-approval in order to ease the process. We could be able to get this done without a credit verification and within 6 hours of your initial application. The pre-approval is based upon an initial assessment that includes answering a couple of financial well-being checks. It’s neither an offer nor a guarantee of credit. Acceptance without condition is subject to a full credit assessment and any offer that you might receive could have different terms.
You are eligible to apply for an company loan if you
The process for applying is fast and simple. Just complete the online application in few minutes and a dedicated business credit specialist will contact you to guide you.
To apply for up to $100,000, you’ll need ID details (valid Driver’s License) as well as an active NZBN/IRD, and at least 6 months’ worth of bank statements.
Otherwise, for larger loan 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: Information on the application including credit consent and 12 months of bank statements, IRD statement as well as the two most recent years’ financial statements, as well as interim financial statements for the current year including Aged Payables, Aged Receivables summary.
For an unsecured loan ($5K to $100K) We can usually provide an answer within one hour – as long as you make your application at quality company time and allow us to make use of the advanced bank verification system link to instantly verify your bank’s information online. If you want to upload copies of your banking statement, we’ll provide an answer in as little as an company day.
For the Larger Business Loan ($100K to $500K) we might be capable of provide you with conditional pre-approval in about six hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval, however this can be quicker based on the circumstances of each application. Certain agreements have been approved in less than 24 hours.
The quickest method for you to apply is ensure you apply during standard business hours and let us use the advanced bank verification system to check your bank’s information online. If you opt to send us duplicates of your banking accounts, it may take a bit longer.
For the Small Business Loan ($5K to $100K) We can usually offer an answer within an hour – as long as you apply in standard business timings 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 statement, we’ll provide the decision in just the span of one business day.
If you are applying for Larger Business Loans ($100K and up) We may be able to provide you with a conditional pre-approval in around 6 hours. Once you have signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval, however it could be faster based upon the circumstances for each application. Certain deals have been approved in the space of 24 hours.
The fastest method for you to apply is ensure you apply during standard business hours, and let us use the sophisticated bank verification to verify your bank information online. If you upload documents from your account statements it takes a bit longer.
We provide loans that range from $5,000 and $500,000. If you apply for a certain amount, we consider a variety of variables that determine the health of your company and the level of payments your company can afford. The total amount of your loan will be contingent on the particular circumstances of your company.
When you make an application for a particular amount, we will consider a number of variables to assess how much we can lend you such as health that is your business and the level of repayments your business is able to afford. The total amount of your loan will be determined by the particular circumstances for your business.
If you decide to make an application for business loans with us company loan, we will assess the risk profile that you have for your company and offer you with a customised offer that includes the loan amount, the terms and the interest rates. It is a business loan is an upfront cost loan and you’ll know in advance the total amount you will have to pay, including interest rates, fees or charges.
The interest rates on company loans rates vary due to factors including the amount borrowed, what company assets the funds are used to purchase as well as the field the business is operating in, how long the company is in operation and how long the business has enough cash flow to support the loan, as well as the general well-being or financial standing of the company.
There are no hidden costs with our business loans, and you’ll know exactly how much you’ll need to pay and when, right 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 in time).
We do not charge an application fee. You are able to apply for a loan with without any upfront costs or the obligation to take action.
The Origination Fee covers the costs 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 percentage 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 contact our helpful company credit experts. They’ll provide you with the details of your repayment as well as an early payout amount. It will be calculated using the total of the principal amount remaining plus any accrued interest as of the time of early payment in addition to 1.5 percent of the principal remaining and any fees that remain unpaid.
To help you avoid missing payments and to work your cash flow schedule, we offer repayments either weekly or daily. These are automatically withdrawn from your business account.
Protecting your information, and being clear about the ways we gather information, use it, and exchange it, as well as protect your information, is of paramount importance and is a crucial part of our relationship you.
Yes. We make use of industry-standard encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to protecting the security of clients and security. We make use of an advanced bank verification system to immediately verify the bank account details online so we can offer rapid response.
An asset-based loan is when an company owner uses assets they own to obtain the funds for a loan. The asset may be an asset belonging to the personal, like the family home or it could be a company asset such as a truck or piece of equipment.
The vast majority of lenders, including the largest banks, are inclined to guarantee loans against an asset. If you are having difficulty paying back the loan, then your asset may be transferred to the lender. In essence, it is an opportunity to secure new funding making use of the value of what you already own.
For loans up to $150,000 there is no requirement for asset security in advance to gain access to the funds However, we require a personal guarantee. need a personal guarantee. If you adhere to the loan terms (as specified in your loan contract) and you are able to meet your obligations, asset security will never be needed. For loans over $150,000 generally, you are able to get a personal ensure and security in the form of a charge over assets.
