The eligibility requirements for an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Do you require more money? Check out the conditions of eligibility for our $100K to $500K business loan.
All that is needed to start is your contact information (company name, your name, email, phone), how much you’d like to lend, and your monthly income.
In the course of the process and before settlement we’ll need confirmation of who you are, but not before we can begin:
After we start with loans that exceed $150,000, you will also need fundamental financial statements:
Let’s get started now.
Brisbane unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow-friendly repayments that are either daily or weekly.
You can apply to get this Small Business Loan in under 10 minutes via the internet or by phone. You will receive an immediate response, and the funds could be available in just 24 hours. Traditional company loans have an annual rate of interest as well as other fees and charges. This business loan is a loan that is priced upfront which means you be aware of the amount you will have to pay, including any fees, charges or charges. This is then divided into weekly or daily amount to be paid back.
A Small Business Loan can be used to fulfill almost every business reason, such as the management of cash flow, company improvements, advertising, to purchase inventory or new equipment, to fund general working capital and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans range between $100,000 and $500,000 for a fixed period of for up to 36 months. Repayments are weekly or fortnightly depending on the flow of cash.
A Larger Business Loan has an Origination Fee that is calculated at 2.5% of the loan amount.
To qualify for a loan in this amount the company needs to be in operation for at least 3 years and have an annual turnover of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A Business Loan of a larger size is a great option for almost every company need, including company renovations, purchase of equipment or inventory or as general working capital and much more. The loan cannot be used for personal use.
Asset security is necessary for accessing funds over $150,000. This can be done by taking a charge against assets and can be registered with the PPSR or registering a caveat.
A personal or director’s guarantee is a promise to repay a loan which is general in nature rather than specifying the security for a particular asset. The person who is signing the ensure is personally accountable if the business creditor is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It reflects security interests registered in respect of personal property (including items or assets). The PPSR gives preference over private property granted according to the date a security interest that is registered.
Caveats are legal document filed to offer the legal claim to property.
If you’re seeking larger business loans that is greater than $250,000 it is possible to offer a preliminary pre-approval to help smooth out the process. We may be able to apply for this without credit checks and within 6 hours of the initial application. The pre-approval is based upon a preliminary assessment which includes you answering some financial health checks. It is neither an offer nor a guarantee of funds. Acceptance without condition is subject to an assessment of your creditworthiness and any offer you are offered could be based on different conditions.
You may apply for an business loan if you:
The application process is quick and simple. Just complete the online application within a few minutes and a dedicated company expert in lending will contact you to assist you.
For a loan of up to $100,000 you’ll need proof of identity (valid Driver’s License), a valid NZBN/IRD as well as at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K – $250K: Application requirements, including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Information on the application including credit consent, 12 months bank statement, an IRD statements Last 2 years’ finalised financial statements, as well as interim current financial year financials, Aged Payables and Aged Receivables summary.
For an unsecured loan ($5K or more) we typically provide an answer in just one hour – as long as you submit your request during standard business times and let us use the advanced bank verification system to instantly verify your bank’s information online. If you decide to upload copies of your banking statements we can provide an answer in just 1 business day.
For Larger Business Loans ($100K to $500K) we may be likely to provide you with pre-approval conditional to your application within 6 hours. Once you have signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Some deals have been approved within less than 24 hours.
The quickest method is to ensure you apply during standard business hours, and allow us to use our advance bank verification to verify your bank information online. If you opt to send us copies of your bank statements , it takes a bit longer.
For the Small Business Loan ($5K and up) we can often provide an answer in just one hour if you submit your request during standard business timings and you allow us to utilise the advanced bank verification system link to instantly verify your bank details online. If you want to submit copies of your bank statements, we are able to provide the decision in just one business day.
For Larger Business Loans ($100K up to $500,000) We may be in a position to provide you with pre-approval conditional to your application in about 6 hours. Once you’ve signed your pre-approval, turnaround times are between 2 and 3 days for the final approval, however this could be shorter based on the circumstances of each application. Some deals have been approved in the space of 24 hours.
The quickest method would be to ensure you apply during normal business hours. You can also let us use the advance bank verification link to confirm your bank details online. If you choose to send us documents from your account statements it may take a bit longer.
We provide loan amounts between $5,000 and $500,000. If you apply for a particular amount, we consider a variety of aspects to determine the health for your company as well as the amount of payments your company will be able to support. The amount you receive from your loan will be contingent on the specific circumstances the company.
When you apply for a particular amount, we will consider a number of factors to determine the health that is your company as well as the amount of the repayments your company can afford. The total amount of your loan will be contingent on the specific circumstances of your business.
If you decide to make an application for the company financing, we will assess the risk profile the company and provide you with a tailored proposal that includes loan amount, term and the interest rates. It is a business loan is an upfront cost 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 differ based on various factors such as the amount that is that is borrowed, what company assets the funds are used to purchase in addition to the industry that the business is operating in, how long the business has been operating and whether the company has sufficient cash flow to fund the loan, and overall health or financial standing of the company.
There aren’t any hidden costs for our business loans, and you’ll know precisely how much you need to pay and when, starting from the first day. There’s not any compounding interest and no extra fees (as as long as you pay your payments on time).
We don’t charge an Application Fee. You can make an application for loans with without any upfront costs or the obligation to take action.
The Origination Fee includes the expenses associated with the setting up and management of the loan. The only way to pay this fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the loan amount.
You may choose to pay back the entire amount of your loan early at any time.
If you decide to take this route, please speak to our friendly company credit specialists. We will offer you with details for repayment and an early payment figure. This is calculated as the sum of the principal remaining and any accrued interest at the time of early payment, plus 1.5% of the principal amount remaining and any outstanding fees.
In order to help you avoid missing payment dates and to align your cash flow cycle we provide payments that are either weekly or daily. They will be automatically deducted from your designated company account.
Making sure that your information is secure, and making it clear how we collect data, process, exchange and ensure the security of your information is of paramount importance and a vital part of our relationship with you.
Yes. We utilise industry-recognised encryption standards to secure your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our commitment to protecting the security of customers and security. We use an advanced bank verification system to immediately confirm your bank account information online, allowing us to provide rapid response.
An asset-based loan is when the business owner borrows from the assets they have to secure a loan. The asset can be either an individual asset, such as the family home or an company asset such as a truck or piece or equipment.
The majority of banks, including the big banks, tend to guarantee loans against an asset. If you are having difficulty paying back the loan, your asset may be sold by the lender. In essence it’s a way of securing new financing using the worth of the asset you already own.
Up to $150K in loans it is not necessary to secure assets upfront to access the money, however we require a personal guarantee. require an individual guarantee. So long as you comply with the terms of your loan (as specified in your loan contract) and you are able to meet your obligations, asset security is not required. For loans that exceed $150K, generally, you are able to get personal ensure and security in the form a charge over assets.
