The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K is fairly low.
Do you need more money? Review the guidelines for eligibility for our $100K-$500K business financing.
All that’s needed to begin is your contact information (the name of your company, your name, email or phone number) along with the amount you’d like to lend, and your monthly income.
In the course of the process and before settlement we will need confirmation of who you are but not to get started:
Once we’ve started with loans over $150,000 you’ll need basic financial statements:
Let’s get started now.
Brisbane unsecured loans provides amounts between $5,000 and $100,000. Terms range from 3 and 24 months, cash flow-friendly repayments that are either daily or weekly.
It is possible to apply to get this Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an instant response and have the funds in your account within 24 hours. Traditional company loans reference an annual rate of interest together with additional fees and charges. The business loan is a cash-based loan therefore you’ll know ahead of time the total amount due, which includes any interest, fees or charges. Then, it is broken down into either a daily or weekly amount to be paid back.
A Small Business Loan can be used for almost any company reason, such as cash flow management, company renovations, marketing to purchase inventory, new equipment, or as general working capital, and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans are between $100,000 and $500,000 over a fixed term with a maximum of 36 months. The repayments are made weekly or fortnightly to work with you cashflow.
A Larger Business Loan has an Origination Fee that is calculated at 2.5 percentage of the loan amount.
To qualify for a loan in this amount the business needs to have been in operation for at least 3 years, and have an annual income of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A larger business loan can be used for almost any business purpose including business renovations, to purchase equipment or inventory for general working capital and so much more. The loan is not available for personal purposes.
Asset security is required for funding of more than $150,000. This can be done by taking a charge over assets, and could be registered in the PPSR or filing a caveat.
A director’s or personal ensure is a guarantee to pay back a loan that is generally based rather than stipulating the security for a particular asset. The person who signs the ensure is personally liable if the business borrower is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It contains security interests registered in respect of personal property (including goods or assets). The PPSR permits priority over personal property to be granted according to the date the registration of a security interest.
The caveat can be described as a formal document lodged to offer an official notice of a claim to a property.
When you’re applying for an enterprise loan of more than $250K it is possible to offer an initial pre-approval that will help simplify the process. We may be able to apply for this without a credit verification and within 6 hours of the initial application. This pre-approval is based on an initial assessment, which involves the answer to a series of financial well-being questions. It’s in no way an offer, nor is it a guarantee of finance. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer that you may receive may be subject to different terms.
You are eligible to apply for a company loan if you:
The application process is quick and easy. Simply complete the online form within a few minutes and a dedicated business loan specialist will contact you to guide you through the process.
To apply for up to $100,000 you’ll need the right identification documents (valid Driver’s License), a valid NZBN/IRD and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K – $250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K – $500K: Application details including credit consent and 12 months bank statement, an IRD statement, last 2 years finalised financial statements, as well as interim financials for the current financial year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K to $100K) we typically offer an answer in just one hour – as long as you submit your request in standard business timings and allow us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you choose to upload copies of your bank statement, we’ll provide an answer in as little as the span of one company day.
If you are applying for a Larger Business Loan ($100K to $500K) we could be capable of offer the conditional pre-approval in about six hours. After you’ve signed your pre-approval, the turnaround time is about 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Some deals have been approved within less than 24 hours.
The quickest method is to ensure you apply during standard company hours. Also, permit us to use the advanced bank verification system link to instantly verify your bank information online. If you send us duplicates of your banking statements , it may take a bit longer.
For the Small Business Loan ($5K to $100K) We can usually provide a response in one hour – as long as you submit your request in standard business times and you allow us to use the bank verification system link to instantly verify your bank details online. If you opt to upload copies of your banking statement, we’ll offer an answer in as little as one business day.
If you are applying for Larger Business Loans ($100K to $500K) We may be likely to provide you with pre-approval conditional to your application within six hours. Once you’ve signed your pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, it could be faster based on the circumstances of each application. Some transactions have received approval within the space of 24 hours.
The fastest method is to ensure you apply during standard business hours. You can also let us use the modern bank verification to check your bank’s information online. If you opt to send us duplicates of your banking statement, it may take a bit longer.
We offer the loan amount between $5,000 to $500,000. If you apply for a specific amount we consider a variety of variables that determine your well-being for your company and the level of the repayments your business will be able to support. The amount you receive from your loan will depend on the specifics the business.
When you apply for a specific amount we will consider a number of variables to assess how much we can lend you such as health of the company as well as the amount of payments your company is able to afford. The amount you receive from the loan will be determined by the specific circumstances for your company.
If you decide to make an application for our company loan, we’ll assess the risk profile of your company and offer you with a tailored offer including loan amount, term and the interest rates. It is a company loan is an upfront-priced loan therefore you will be aware of the total amount due, which includes any charges or interest.
Business loan interest rates depend on several factors such as the amount that is borrowed, the 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, in the event that the business has sufficient cash flow to cover the loan, as well as the general well-being and creditworthiness of the business.
There are no hidden costs with our company loans, and you’ll be aware of the amount you’ll be required to pay, and when, starting from the very first day. There’s no compounding interest, and no additional fees (as long as you are able to make your payments punctually).
We do not charge an Application Fee. You can request a credit loan with no upfront cost or obligation to proceed.
The Origination Fee covers the expenses involved with establishing and managing the loan. You are only charged this cost if you take out the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You can decide to repay all of your loan in full at any time.
If you do decide to do this please contact our helpful business loans professionals. They’ll offer you with details on repayment and an early payment figure. This is calculated as the total of the principal balance plus any accrued interest as of the time of early payout and 1.5% of the remaining principal and any fees that remain unpaid.
To ensure that you don’t miss payment dates and to align your cash flow cycle we offer repayments that are either weekly or daily. They will be automatically deducted from your designated business account.
Protecting your information, and being upfront about the ways we gather, use, exchange and ensure the security of your information is of paramount importance and an integral element of our relationship with you.
Yes. We employ industry-recognised encryption standards to secure your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our commitment to customer security and privacy. We use an advanced bank verification system to instantly verify your bank account details online, allowing us to provide a fast response.
Asset-based borrowing is when an business owner borrows from assets they own to secure the loan. The asset can be either a personal asset like the family home or a company asset like a truck or piece of equipment.
The vast majority of lenders, including the big banks, tend to guarantee loans against assets. If you’re struggling to pay back the loan then your asset may be sold by the lender. In essence it’s the process of securing new financing taking advantage of the value of what you already have.
For loans that exceed $150,000, the requirement for asset security is not required upfront to access the money, however we do require an individual guarantee. In the event that you fulfill your loan obligations (as specified in your loan contract document) Asset security is not required. For loans that exceed $150K, generally there is a personal ensure and security in the form of charges on assets.
