The requirements for obtaining an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Looking for more funding? Review the eligibility requirements for our $100K to $500K company credit.
All that’s needed to start is your contact details (company name, your name, email and phone) and the amount you want 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:
After we start with loans over $150,000 you’ll also require the following financial statements:
Let’s get started now.
Brisbane unsecured loans offers amounts between $5,000 and $100,000 with terms between 3 and 24 months, cash flow friendly repayments that are either daily or weekly.
You can apply to this Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an instant response and the money could be in your account within 24 hours. Traditional business loans refer to an interest rate per annum as well as other fees and charges. Our company loan is a cash-based loan and you’ll know in advance the total amount to be paid, including the interest, fees and charges. This is then broken down into either weekly or daily amount to be paid back.
It is a Small Business Loan can be used for almost any business reason, such as control of cash flow company remodels and marketing to purchase inventory, new equipment, for 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 company expansion opportunities. Loans are between $100,000 and $500,000 over a fixed term up to 36 months. Repayments are weekly or fortnightly in order to accommodate you cashflow.
It is important to note that the Larger Business Loan has an Origination Fee, calculated at 2.5 percent of the amount of the loan.
To qualify for a loan of this size the business needs to have been in operation for at least 3 years, and have an annual income of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.
A large company loan can be used for almost every business use, including company renovations, to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used for personal use.
Asset security is needed to access funding over $150,000. This is in the form of a charge on assets, and may include registration with the PPSR or registering as a caveat.
A personal or director’s ensure is a promise to pay off a credit line that is generally based rather than specifying security over an asset. The person who signs the ensure is personally accountable if the company lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It contains security interests registered in respect of personal property (including objects or assets). The PPSR allows preference over private property assigned according to the date the security interest that is registered.
The caveat can be described as a formal form of document to offer the legal claim to a property.
If you’re requesting a Larger Business Loan of more than $250,000 we can offer a preliminary pre-approval to help smooth out the process. We may be able to get this done without credit checks and within six hours of your initial application. This pre-approval is based on an initial assessment that includes you answering some financial well-being checks. It’s in no way an offer, nor is it a guarantee of financing. Acceptance without condition is subject to an extensive credit evaluation and any offer that you are offered could be based on different terms.
You can apply for an company loan if you:
The process for applying is fast and easy. Just complete the online application in just a few minutes, and an experienced business loan specialist will call you to guide you.
To apply for up to $100,000, you’ll need identification details (valid Driver’s Licence) and an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K – $250K: Details of application, including credit approval, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K – $500K: Details of the application, including credit consent, 12 month bank accounts, the IRD statements, last 2 years finalised financial statements, as well as interim current financial year financials including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K and up) we typically offer an answer within an hour if you submit your request during standard business times and permit us to utilise the bank verification system to instantly verify your bank details online. If you opt to send us copies of your bank statements we can offer an answer within 1 business day.
For the Larger Business Loan ($100K or more) we may be in a position to provide you with pre-approval conditional to your application in around six hours. Once you have signed the pre-approval, turnaround times are around 2-3 days for final approval, however this can be quicker based on the specifics of each application. Certain agreements have been approved in less than 24 hours.
The quickest way to apply would be to make sure you apply during normal company hours and allow us to use the modern bank verification to instantly confirm your bank details online. If you send us duplicates of your banking statements it will take a little longer.
For the Small Business Loan ($5K to $100K) we can often offer an answer within an hour – as long as you apply at normal business hours and allow us to utilise the advanced bank verification system to immediately verify your bank account information online. If you decide to upload copies of your bank statements we can offer an answer in just the span of one business day.
For Larger Business Loans ($100K up to $500,000) we may be in a position to provide the conditional pre-approval in about six hours. Once you’ve signed your pre-approval form, it will take around 2-3 days for final approval, however this may be quicker depending on the circumstances of each application. Some transactions have received approval within the space of 24 hours.
The most efficient method can be ensure you apply during normal business hours. Also, permit us to use the advanced bank verification system link to instantly verify your bank account information online. If you decide to upload the copies of bank statements, it takes a bit longer.
We provide loans ranging from $5,000 and $500,000. When you make an application for a specific amount we look at a variety of elements for determining what is the health that is your business and the extent of repayments your company can support. The amount you receive from the loan will be determined by the specifics the company.
When you submit an application for a particular amount, we look at a range of elements to assess your well-being that is your business and the extent of payments your company can support. The total amount of your loan will be contingent on the specific circumstances of your business.
If you decide to request one of our company credit, we will assess the risk profile for your company and provide an individualised offer, including loan amount, term and interest rates. The business loan is an upfront priced loan therefore you will be aware in advance of the total amount you will have to pay, including charges or interest.
The interest rates on business loans rates depend on a variety of factors such as the amount that is borrowed, the business assets the funds are used to purchase, the industry the business operates in, how long the business has been running, what percentage of the business has enough cash flow to pay for the loan, and the general health or financial standing of the company.
There aren’t any hidden costs with our company loans, and you’ll know exactly how much it is that you need to pay and at what time, from the day you sign up. There’s no compounding 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 are able to get a cash loan with no upfront cost or any obligation to sign up.
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% of the loan amount.
You may choose to pay back the entire amount of the loan at any point in time.
If you decide to pursue this option, please speak to our friendly business credit experts. They’ll provide you with the details of your repayment and an early payment figure. This will be calculated as the total of the remaining principal amount plus any accrued interest as of the time of the early payout, plus 1.5% of the principal amount remaining plus any outstanding fees.
To make sure that you don’t miss payments and to work your cash flow cycle we offer repayments either weekly or daily. They will be automatically deducted from your company account.
Security of your data, and being clear about how we collect information, use it, and exchange it, as well as safeguard your data, is of huge importance and a vital part of our relationship with you.
Yes. We employ industry-recognised encryption standards to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our commitment to customer security and security. We employ an exceptionally sophisticated bank verification system that allows you to immediately verify the bank account details online, allowing us to provide a fast response.
An asset-based loan is when a business owner utilises an asset they own to obtain a loan. The asset can be either an asset belonging to the personal, like the family home or a company asset such as a vehicle or piece or equipment.
The vast majority of lenders, even the largest banks, are inclined to make loans secured by an asset. If you’re having trouble paying back the loan then your asset may be sold by the lender. In essence it is the process of securing new financing using the value of what you already own.
For loans of up to $150,000, no asset security is required upfront to access the money However, we require a personal guarantee. need the personal guarantee. In the event that you fulfill the terms of your loan (as stated in the loan contract) Asset security is not needed. For loans that exceed $150,000, typically, you will need a personal ensure and security in the form the charge of assets.
