The eligibility requirements for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Take a look at the guidelines for eligibility for our $100K-$500K company loan.
All you need to begin is your contact information (company name, your name, email address or phone number) and the amount you want to borrow, as well as your monthly income.
In the course of the process and before settlement we’ll require confirmation of who you are, but not to get started:
In addition, once we have started in the process, for loans that exceed $150,000, you will also need the following financial statements:
Let’s get started now.
Brisbane unsecured loans provides the range of $5,000 to $100,000. The terms range between 3 and 24 months. They also offer cash flow friendly repayments which can be made daily or weekly.
Apply to your Small Business Loan in under 10 minutes via the internet or over the phone, receive an instant response and have the funds on your account within 24 hours. Traditional business loans reference an interest rate per annum as well as other fees and charges. The company loan is a pre-paid loan which means you be aware in advance of the total amount payable including any interest, fees or charges. Then, it is divided into a daily or weekly amount to be paid back.
The Small Business Loan can be used for almost any business use, including control of cash flow business renovations, marketing for purchasing inventory or new equipment, or as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger amount of loan to help business growth opportunities. Loans are between $100,000 and $500,000 for a fixed period of with a maximum of 36 months. Repayments are weekly or fortnightly, depending on you cashflow.
A Larger Business Loan has an Origination Fee, which is determined at 2.5 percent of the loan amount.
In order to be eligible for a loan in this amount, your company needs to be in operation for at least 3 years and have an annual turnover of $700,000. You must be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.
A large company loan can be used for nearly every business need, including business improvements, purchasing inventory or new equipment as well as for general working capital, and much more. The loan is not available for personal reasons.
Asset security is necessary to obtain funding above $150,000. This can be done as a result of an charge against assets, and could include registration with the PPSR or making as a caveat.
A director’s or personal guarantee is a commitment to repay credit that is generally based rather than stipulating security over an asset. The person who signs the ensure is personally responsible if the business lender is not able to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It lists security interests that are that are registered for personal property (including goods or assets). The PPSR permits preference over private property granted according to the date a security interest that is registered.
Caveats are legal document lodged to provide notice of a legal claim to a property.
If you’re seeking larger business loans that is greater than $250K we may be able to provide an initial pre-approval to simplify the process. We could be able to apply for this without credit checks and within 6 hours of the initial application. The pre-approval process is based on an initial assessment that includes the answer to a series of financial well-being questions. It is neither an offer nor a guarantee of funds. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer that you are offered could have different terms.
You are eligible to apply for a business loan if you:
The application process is fast and easy. Complete the online form within a couple minutes, and a dedicated business expert in lending will contact you to help you.
To be eligible for up to $100,000 you’ll require the right identification documents (valid Driver’s Licence) as well as an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll also need:
$100K to $250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if credit is over $150K).
$250K-$500K: Details for application including credit consent, 12 month bank accounts, the IRD statements, last 2 years finalised financial statements, plus interim financials for the current financial year as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K to $100K) we usually provide a response in one hour, provided you make your application during quality company times and let us make use of the advanced bank verification system to instantly verify your bank’s information online. If you decide to upload copies of your banking statements , we’ll be able to offer the decision within the span of one business day.
For the Larger Business Loan ($100K up to $500,000) we may be likely to provide the conditional pre-approval within 6 hours. After you’ve signed your pre-approval document, you will need to wait around 2-3 days for final approval, however this could be shorter based on the circumstances of each application. Certain agreements have been approved within 24 hours.
The quickest way to apply for you to apply is make sure you apply during normal business hours and allow us to use the modern bank verification to instantly verify your bank information online. If you opt to send us the copies of bank statements it can take a bit longer.
For the Small Business Loan ($5K and up) we usually provide an answer within an hour – as long as you make your application at standard business timings and allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you choose to upload copies of your bank statements, we will be able to offer a decision in just the span of one business day.
If you are applying for Larger Business Loans ($100K to $500K) we could be capable of offer the conditional pre-approval in about six hours. Once you’ve signed your pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this may be quicker depending upon the circumstances for each application. Certain transactions have received approval within less than 24 hours.
The fastest way would be to make sure you apply during normal business hours and allow us to use our sophisticated bank verification to instantly check your bank’s information online. If you choose to send us documents from your account accounts, it may take a bit longer.
We offer loans ranging from $5,000 to $500,000. When you submit an application for a certain amount we look at a variety of aspects for determining how much we can lend you well-being that is your company and the level of repayments your business can support. The amount you receive from your loan will depend on the particular circumstances for your business.
When you make an application for a particular amount, we consider a variety of variables to determine the well-being that is your business as well as the amount of the repayments your company is able to afford. The total amount of your loan will be determined by the particulars that are unique to your company.
When you apply for our business loan, we will assess the risk profile the company and offer you with a tailored proposal that includes the loan amount, the terms and the interest rates. This business loan is an upfront priced loan therefore you will be aware in advance of the total amount due, which includes any interest rates, fees or charges.
Business loan interest rates depend on several variables like the amount to be of money borrowed, the business assets the funds are used to purchase in addition to the industry that the company operates in, how long the company has been in operation for, how long the business has enough cash flow to cover the loan, and also the overall well-being as well as creditworthiness company.
There are no hidden fees with our business loans. You’ll be aware of the amount it is that you be required to pay, and when, starting from the very first day. There’s no compounding and no additional fees (as long as you make your payments on time).
We do not charge an Application Fee. You can get a cash loan with no upfront cost or commitment to apply.
The Origination Fee covers the costs associated with the setting up and management of the loan. You are only charged this cost if you take out the loan. The Origination Fee for us is 2.5% of the amount of loan.
You may choose to pay back the entire amount of the loan in full at any time.
If you do decide to do this please speak to our friendly company loans experts. The professionals will provide you with the details of your repayment as well as an early payout amount. This will be calculated as the sum of the principal remaining and accrued interest to the time of early payment, plus 1.5 percent of the remaining principal and any fees that remain unpaid.
To ensure that you don’t miss payment dates and to align with your cash flow cycle we offer repayments either weekly or daily. They will be automatically deducted from the nominated business account.
The security of your personal information, as well as 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 a vital part of our relationship you.
Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to protecting the security of customers and privacy. We use an advanced bank verification system link to instantly verify your bank account details online so we can offer rapid response.
An asset-based loan is when an business owner utilises the assets they have to obtain a loan. The asset may be an individual asset, such as the family home, or it could be a business asset like a truck or piece or equipment.
The vast majority of lenders, including the big banks, tend to guarantee loans against an asset. If you are having difficulty paying back the loan then the asset could be taken over by the lender. In essence, it is an opportunity to secure new financing by using the value of what you already have.
For loans up to $150K no asset security is required prior to the loan’s access but we do require the personal guarantee. If you adhere to your loan obligations (as stated in the loan contract) the security of assets is not needed. If you take out loans in excess of $150K typically, you will need a personal guarantee and security in the form of a charge over assets.
