The criteria for eligibility for an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Do you require more money? Review the conditions of eligibility for our $100K to $500K company loan.
All that’s required to start is your contact information (the name of your company, your name, email or phone number) and the amount you’d like to borrow, and your monthly earnings.
Through the process and before settlement we will require confirmation of your identity, but not for starting:
After we start in the process, for loans of more than $150,000 you’ll also require basic financial statements:
Let’s get started.
Brisbane unsecured loans offers the range of $5,000 to $100,000. Terms range from 3 and 24 months. They also offer cash flow-friendly repayments that are either daily or weekly.
Apply to get the Small Business Loan in under 10 minutes by phone. You will receive a same day response and funds may be available in just 24 hours. Traditional company loans reference an annual interest rate plus other fees and charges. This business loan is a pre-paid loan therefore you’ll be aware in advance of the total amount payable including the interest, fees and charges. This is then broken down into weekly or daily repayment figure.
The Small Business Loan can be used to fulfill almost every company need, such as control of cash flow company improvements, advertising for purchasing inventory or new equipment, as general working capital and so much more. The loan is not available for personal use.
The Larger Business Loan is a larger size loan to aid in business expansion opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term for up to 36 months. Repayments are either weekly or fortnightly, depending on you cashflow.
This Larger Business Loan has an Origination Fee that is calculated at 2.5 percentage of the amount of the loan.
In order to be eligible for a loan that is this large, your business needs to have been trading for at least 3 years and generate an annual revenue of $700,000. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of business.
A Business Loan of a larger size can be used for nearly all business need, including company renovations, to purchase inventory or new equipment for general working capital and so much more. The loan cannot be used for personal purposes.
Asset security is required for funding of more than $150,000. It is usually by taking a charge against assets and can be registered through the PPSR or the registration of a caveat.
A director’s or personal guarantee is a guarantee to repay a loan which is generally in nature rather than stating security over an asset. The person signing the ensure is personally liable in the event that the company lender is not able to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It records security interests that have been that are registered for personal property (including goods or assets). The PPSR allows priority over personal property to be assigned in accordance with the date on which a security interest that is registered.
A caveat is a legal document lodged to provide notice of a legal claim to property.
When you’re applying for larger company loans that exceeds $250,000 we may be able to provide a preliminary pre-approval to help ease the process. We might be able to do this without a credit check, and within six hours of your initial application. The pre-approval is based upon an initial assessment that includes answering a couple of financial health checks. This is neither an offer nor a guarantee of finance. A conditional approval is subject an extensive credit evaluation and any offer that you receive could be subject to different conditions.
You can apply for an business loan if you
The application process is fast and easy. Simply complete the online form in few minutes and an experienced company loan specialist will contact you to guide you.
To apply for up to $100,000, you’ll require identification details (valid Driver’s License), a valid NZBN/IRD and at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K – $250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Application details including credit consent and 12 months of bank statements, IRD statement and the last two years’ finalised financial statements, plus interim financials for the current financial year including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K or more) we usually offer a response in one hour – as long as you make your application at standard business times and let us use the advanced bank verification system to instantly verify your bank information online. If you want to submit copies of your bank statement, we’ll offer the decision in just the span of one business day.
For Larger Business Loans ($100K and up) we might be capable of provide you with pre-approval conditional to your application in about 6 hours. After you’ve signed your pre-approval form, it will take about 2-3 days for final approval. However, this can be quicker based on the particular circumstances of each application. Certain transactions have received approval within 24 hours.
The most efficient method would be to make sure you apply during standard company hours and allow us to use the advance bank verification to check your bank’s information online. If you upload the copies of bank accounts, it can take a bit longer.
For the Small Business Loan ($5K and up) we usually offer a response in one hour, provided you apply in standard business times and let us use the advanced bank verification system link to immediately verify your bank account information online. If you choose 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 up to $500,000) we might be able to offer you with a conditional pre-approval in about six hours. Once you’ve signed the pre-approval document, you will need to wait about 2-3 days for final approval. However, it could be faster based upon the circumstances for each application. Certain offers have been approved within less than 24 hours.
The quickest method can be make sure you apply during standard business hours and permit us to use the sophisticated bank verification to check your bank’s information online. If you opt to send us duplicates of your banking statements it will take a little longer.
We provide loan amounts between $5,000 to $500,000. If you apply for a specific amount we take into consideration a range of aspects for determining your well-being for your company and the level of the repayments your business can afford. The amount you receive from your loan will be contingent on the specific circumstances the business.
When you apply for a certain amount, we look at a range of aspects to determine your well-being of your company and the extent of repayments that your company can afford. The amount you receive from your loan will be determined by the specific circumstances for your company.
If you decide to apply for one of our company credit, we will assess the risk profile that you have for your company and offer you with a tailored offer, including the loan amount, the terms and the interest rates. It is a company loan is a loan that is priced upfront therefore you will know the exact amount payable including any interest rates, fees or charges.
The interest rates on company loans rates vary due to variables like the amount to be that is borrowed, what business assets the money are used to purchase in addition to the industry that the business operates in, the long the company has been operating, how long the business has enough cash flow to fund the loan, and general well-being and creditworthiness of the company.
There are no hidden costs for our company loans. You’ll be aware of the amount you need to pay, and when, from the first day. There’s no compounding interest and there are no additional charges (as as you make your payments punctually).
We do not charge an application fee. You can apply for a loan with no upfront cost or any obligation to sign up.
The Origination Fee covers the expenses involved with establishing and managing the loan. This is only a cost if you take out the loan. Our Origination Fee is 2.5% of the loan amount.
You may choose to pay back the entire amount of your loan at any point in time.
If you do decide to pursue this option, please call our helpful business lending professionals. They’ll provide you with details for repayment as well as an early payout amount. The figure will be calculated as the total of the principal balance and the accrued interest up to the time of early payment plus 1.5 percent of the principal amount remaining plus any outstanding fees.
To make sure that you don’t miss due dates and also to be in line your cash flow schedule, we offer repayments either weekly or daily. They are automatically deducted from your business account.
Protecting your information, and being clear about how we collect, use, exchange and protect your information, is vital and a vital aspect of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your personal, sensitive financial information and our funders are ISO 27001 qualified for our commitment to protecting the security of customers and privacy. We utilise a sophisticated banking verification system to instantly confirm your bank account information online, allowing us to offer an immediate response.
Asset-based borrowing is when an business owner utilises an asset they own to obtain a loan. The asset can be an asset belonging to the personal, like the family home or it could be a business property like a truck or piece or equipment.
The majority of lenders, even the banks with the biggest size, prefer to secure loans against an asset. If you’re struggling to pay back the loan, then the asset could be taken over by the lender. In essence, it is a way of securing new financing by using the value of what you already have.
For loans up to $150,000 there is no requirement for asset security upfront to access the money However, we require a personal guarantee. require a personal guarantee. So long as you comply with the loan terms (as stated in the loan contract) the security of assets is not required. For loans of over $150,000 generally, you are able to get a personal ensure and security is provided in the form of a charge over assets.
