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Brisbane Small Business Loans
Providing Specialist Business Finance

Services in Greenslopes

  • Greenslopes Unsecured Business Loans
  • Greenslopes Business Finance
  • Greenslopes Business Lending
  • Greenslopes Business Loans
  • Small Business Finance Greenslopes
  • Business Funding Greenslopes
  • Working Capital Greenslopes
  • Small Business Lending Greenslopes
  • Greenslopes Short Term Business Loan

Business Finance Greenslopes Brisbane 4120 QLD

Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.

  • Minimum of 6 months in business
  • At least $6,000 in income per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as proof of identity
  • Make sure you have an account with a New Zealand bank as your primary account for trading
  • Bank statements from the last six months

Are you looking for additional funding? Check out the conditions of eligibility for our $100K to $500K business loan.

Quick application checklist

What do you need to apply

All you need for starting 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 earnings.

While in the process and before settlement we will need confirmation of your identity, however, not in order to begin:

  • Idenfication information (valid Driver’s Licence)
  • Details of the business including time of trading owner details, trading time, as well as the NZBN (New Zealand Business Number)

Once we’ve started when it comes to loans over $150,000 you will also need basic financial statements.

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Information About The Brisbane Small Business Loans

Tell me more about Brisbane Small Business Loans

Brisbane unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow-friendly repayments, which are either daily or weekly.

How is the Unsecured Loan different from an ordinary company loan?

Apply to get the Small Business Loan in under 10 minutes over the phone, receive a same day response and the funds could be on your account within 24 hours. Traditional business loans refer to an annual rate of interest plus other fees and charges. Our company loan is an upfront priced loan which means you know ahead of time the total amount due, which includes the interest, fees and charges. This is then broken down into either a daily or weekly amount to be paid back.

What can the Small Business Loan be used for?

A Small Business Loan can be used for virtually any company use, including managing cash flows, company remodeling, marketing to purchase inventory, new equipment, or as general working capital and much more. The loan cannot be used for personal purposes.

Concerning Larger Brisbane Business Loans

What is the Larger Brisbane Business Loan?

The Larger Business Loan is a larger size loan to aid in company expansion opportunities. Loans range between $100,000 and $500,000 over a fixed term with a maximum of 36 months. The repayments are made weekly or fortnightly, depending on the flow of cash.

How is the Origination Fee determined?

The Larger Business Loan has an Origination Fee which is determined at 2.5% of the amount of the loan.

Am I eligible for the Larger Business Loan?

To be eligible for a credit in this amount, your company needs to have been trading for at least 3 years and generate an annual revenue of $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.

How can the funding be utilised?

A larger business loan is a great option for almost any business use, including business renovations, to purchase inventory or new equipment as well as for general working capital and much more. The loan is not available to fund personal expenses.

Is the Larger Business Loan one that requires security?

Asset security is needed to obtain funding above $150,000. This can be done as a result of an charge on assets, and may include registering this in the PPSR or filing a caveat.

A director’s or personal ensure is a commitment to pay off a credit line that is generally in nature rather than stipulating security over a particular asset. The person signing the ensure is personally liable if the business 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 lists security interests that are that are registered for personal property (including goods or assets). The PPSR gives priority over personal property to be assigned according to the date the security interest that is registered.

An affidavit is an official document filed to provide the legal claim to property.

What is a pre-approval minus Credit Check?

If you’re applying for the Larger Business Loan that is greater than $250K we can offer an initial pre-approval to simplify the process. We could be able to do this without a credit check, and within 6 hours of your initial application. This pre-approval is based on an initial evaluation that involves you answering a few financial health questions. This is not an offer of credit or guarantee of finance. A conditional approval is subject an exhaustive credit evaluation, and any offer you are offered could be subject to different conditions.

Application process

Are I eligible for funding?

You are eligible to apply for a company loan if you:

  • are a New Zealand Citizen (or Permanent Resident)
  • are over 18 years, have a New Zealand company (with a valid NZBN/IRD)
  • you must demonstrate at minimum 6 months’ worth of transactions (for you to qualify for unsecured loan $5K – $100K) or 3 years of trading (for the Larger Business Loan $100K or $500K)

How do I apply?

The process for applying is fast and easy. Simply complete the online form in just a few minutes, and an experienced company credit specialist will call you to guide you through the process.

For a loan of up to $100,000, you’ll need proof of identity (valid Driver’s Licence), an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.

For larger loan sizes, you’ll need:

$100K to $250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K-$500K: Details of the application, including credit consent as well as 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, as well as interim financials for the current financial year such as age-related payables and aged Receivables reports.

How soon will I hear an answer?

For an unsecured loan ($5K and up) we can often offer an answer in just one hour – as long as you apply at standard business time and permit us to make use of the advanced bank verification system to instantly verify your bank details online. If you choose to upload copies of your bank statement, we’ll offer the decision within an company day.

For the Larger Business Loan ($100K up to $500,000) we may be able to offer you with conditional pre-approval within about six hours. After you’ve signed your pre-approval form, it will take approximately 2-3 days to receive final approval. However, this could be shorter based on the particular circumstances of each application. Certain offers have been approved within just 24 hours.

The most efficient method is to ensure you apply during normal company hours, and let us use the advance bank verification link to verify your bank account information online. If you opt to upload duplicates of your banking statements it can take a bit longer.

How fast will I get the funds?

For the Small Business Loan ($5K to $100K) we typically offer an answer in just one hour – as long as you make your application at normal business times and permit us to utilise the advanced bank verification system link to instantly verify your bank details online. If you decide to upload copies of your bank statements we can provide an answer in just the span of one business day.

If you are applying for Larger Business Loans ($100K to $500K) we may be in a position to provide you with pre-approval conditional to your application within six hours. After you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval. However, it could be faster based on the specifics of each application. Certain agreements have been approved in less than 24 hours.

The fastest way can be ensure you apply during standard business hours and allow us to use our advance bank verification link to check your bank’s information online. If you opt to send us the copies of bank statements, it takes a bit longer.

What’s the minimum amount I can borrow?

We provide loan amounts between $5,000 and $500,000. When you make an application for a particular amount, we take into consideration a range of variables to determine your well-being of the company and the amount of repayments that your company will be able to support. The amount you receive from your loan will be contingent on the specifics the business.

If you apply for a specific amount we consider a variety of variables to assess the well-being of the company and the extent of repayments that your business can afford. The total amount of your loan will be determined by the particulars for your company.

Fees & repayments

What is the cost for an business loan?

When you make an application for our company loan, we’ll assess the risk profile for your company and provide you with a tailored offer, including loan amount, term and interest rates. This business loan is an upfront cost loan and you’ll know the exact amount payable including any costs, fees, or interest rates.

What is the basis for the rate I pay?

Business loan interest rates vary due to factors including the amount borrowed, what business assets the money are used to purchase in addition to the industry that the business is operating in, how long the business is in operation, in the event that the company has enough cash flow to cover the loan, and the overall well-being as well as creditworthiness business.

What are the cost?

There are no hidden fees for our company loans, and you’ll know exactly how much you’ll be required to pay and when, starting from the day you sign up. There’s not any compounding interest and the loan comes with no additional fees (as as long as you pay your payments punctually).

We don’t charge an application fee. You are able to request a credit loan absolutely no upfront cost and no any obligation to sign up.

The Origination Fee is the cost associated with establishing and managing the loan. The only way to pay this cost if you take out the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.

Do I have the option of paying off the loan earlier?

You can decide to repay the entire amount of your loan early at any time.

If you do decide to do this please talk to one of our helpful business credit professionals. They will offer you with details for repayment and an early payment figure. It will be calculated using the sum of the principal balance and accrued interest to the time of the early payout, plus 1.5 percent of the remaining principal and any outstanding fees.

How do repayments work?

In order to help you avoid missing due dates and also to be in line with your cash flow routine, we offer repayments either weekly or daily. They will be automatically deducted from your business account.

Security & privacy

Will my data be secure?

Protecting your information, and making it clear how we collect information, use it, and exchange it, as well as ensure the security of your information is of paramount importance and an integral part of our relationship you.

Is it safe to link my bank account to the platform?

Yes. We utilise industry-recognised encryption standards to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our commitment to the security of our clients as well as their privacy. We employ a highly sophisticated bank verification system link to immediately verify your bank account information online to provide quick responses.

About business loans

What’s an asset-based borrow (a secured loan)?

Asset-based borrowing is when an company owner makes use of an asset they own to secure the funding. The asset can be a personal asset like the family home, or it could be 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 assets. If you have trouble paying back the loan then the asset could be taken over by the lender. In essence it is means of securing new funding making use of the value of what you already have.

What do I need security for an business loan?

Up to $150,000 in loans the requirement for asset security is not required prior to the loan’s access, however we require a personal guarantee. need the personal guarantee. As long as you follow the loan terms (as stated in your loan contract document) and you are able to meet your obligations, asset security will never be required. For loans that exceed $150,000, generally there is a personal ensure and security in the form of the charge of assets.

Brisbane Small Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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Contact Us

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1300 931 913