The requirements for getting an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Do you require more money? Find out the eligibility requirements for our $100K to $500K business credit.
All that’s needed to begin is your contact details (the name of your company, your name, email address or phone number) along with the amount you’d like to borrow and your monthly income.
Through the process and before settlement we will require confirmation of your identity, but not for starting:
After we start, for loans over $150,000 you’ll need the following financial statements:
Let’s get started.
Brisbane unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow-friendly repayments, which are either daily or weekly.
Apply to your Small Business Loan in under 10 minutes online or over the phone. You’ll get an instant response and have the funds available in just 24 hours. Traditional company loans are based on an interest rate per annum plus other fees and charges. We offer a company loan is a loan that is priced upfront so you will know ahead of time the total amount payable including any fees, charges or charges. Then, it is broken down into either a daily or weekly installment amount.
A Small Business Loan can be used to fulfill almost every company purpose including cash flow management, company improvements, advertising to purchase 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 company expansion opportunities. Loans range between $100,000 and $500,000 for a fixed period of that can last up to 36 months. Repayments are scheduled weekly or fortnightly depending on your cash flow.
A Larger Business Loan has an Origination Fee which is calculated at 2.5 percentage of the loan amount.
In order to be eligible for a loan of this size the business needs to have been operating for a minimum of 3 years and generate an annual revenue of at least $700K. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A Larger Business Loan is a great option for almost every company purpose including company improvements, purchasing new equipment or inventory or as general working capital, and much more. The loan is not available for personal use.
Asset security is needed for accessing funds over $150,000. This is by way of charge on assets, which could also include the registration of this through the PPSR or making a caveat.
A personal or director’s ensure is a commitment to repay credit that is generally in nature rather than specifying security over a particular asset. The person who is signing the guarantee is personally responsible if the business creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It contains security interests registered in respect of personal property (including objects or assets). The PPSR gives the priority of personal property granted depending on the date that a security interest was registered.
The caveat can be described as a formal document that is filed to provide the legal claim against a property.
When you’re applying for larger business loans that is greater than $250K we can offer an initial pre-approval in order to make the process. We might be able to make this decision without a credit verification and within six hours of your initial application. The pre-approval process is based on a preliminary assessment which includes you answering some financial well-being checks. This is neither an offer nor a guarantee of financing. Acceptance without condition is subject to a full credit assessment and any offer that you might receive could be on different conditions.
You are eligible to apply for an company loan if you
The process for applying is fast and easy. Simply complete the online form within a couple minutes, and a dedicated business loan specialist will be in touch to guide you.
To apply for up to $100,000, you’ll need proof of identity (valid Driver’s License) and an active NZBN/IRD, and at least six months of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K – $250K: Details of application, including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K – $500K: Information on the application including credit consent, 12 months of bank statements, IRD statements and the last two years’ finalised financial statements, and interim financials for the current financial year including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K or more) we typically offer an answer within an hour – as long as you apply within quality business hours and you allow us to make use of the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statements , we are able to provide an answer in just 1 business day.
If you are applying for a Larger Business Loan ($100K and up) we may be in a position to offer the conditional pre-approval within about six hours. Once you’ve signed the pre-approval document, you will require to wait about 2-3 days for final approval. However, this could be shorter based on the circumstances of each application. Certain agreements have been approved within less than 24 hours.
The fastest way for you to apply is ensure you apply during normal business hours, and allow us to use our advance bank verification link to verify your bank information online. If you choose to send us the copies of bank accounts, it can take a bit longer.
For the Small Business Loan ($5K and up) we typically provide a response in one hour – as long as you apply during normal business hours and allow us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you decide to send us copies of your bank statement, we’ll offer the decision within one business day.
For the Larger Business Loans ($100K up to $500,000) we could be in a position to provide you with pre-approval conditional to your application within 6 hours. Once you’ve signed the pre-approval document, you will need to wait around 2-3 days for final approval, however it could be faster based upon the circumstances for each application. Certain deals have been approved in 24 hours.
The quickest method for you to apply is make sure you apply during normal business hours and permit us to use the advance bank verification link to confirm your bank details online. If you opt to send us documents from your account statement, it can take a bit longer.
We provide loans ranging from $5,000 and $500,000. When you submit an application for a specific amount we take into consideration a range of aspects that determine how much we can lend you well-being for your company and the level of repayments your business can afford. The amount you receive from the loan will be determined by the specific circumstances the business.
If you apply for a set amount, we take into consideration a variety of variables to assess how much we can lend you such as well-being that is your company and the extent of payments your business can support. The total amount of the loan will be determined by the particular circumstances the business.
If you decide to request business loans with us business loans, we’ll assess the risk assessment of your business and provide an individualised proposal that includes the amount of loan, the term and interest rates. A company loan is an upfront priced loan so you will be aware of the total amount to be paid, including any charges or interest.
Business loan interest rates depend on several factors like the amount of money borrowed, the business assets the funds will be used for in addition to the industry that the company is operating in, how long the company has been running and in the event that the business has sufficient cash flow to cover the loan, and the overall health and creditworthiness of the business.
There are no hidden fees with our business loans, and you’ll know precisely what you’ll need to pay and when, from day one. There’s no compounding interest, and no extra fees (as as you make your payments punctually).
We don’t charge an Application Fee. You are able to make an application for loans with without any upfront costs or any obligation to sign up.
The Origination Fee covers the expenses involved with the setting up and management of the loan. It is only charged for this fee if you decide to take the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.
You can repay all of your loan in full at any time.
If you choose to do this please speak to our friendly company loan specialists. They’ll provide you with details for repayment and an early payment figure. It will be calculated using the total of the principal remaining and any accrued interest at the time of early payment and 1.5 percent of the principal remaining as well as any outstanding fees.
To help you avoid missing repayments and to fit in your cash flow cycle we offer repayments that are either daily or weekly. These are automatically withdrawn from your nominated company account.
Security of your data, and making it clear the ways we gather data, process, exchange and ensure the security of your information is vital and a vital part of our relationship with you.
Yes. We utilise industry-recognised encryption protocols to safeguard your personal, sensitive and financial data and our funders are ISO 27001 certified for our commitment to customer security and privacy. We use an advanced bank verification system to immediately confirm your bank account information online so we can provide a fast response.
Asset-based borrowing occurs when a company owner uses assets they own to secure a loan. The asset could be an individual asset, such as the family home or a company asset like a truck or other piece of machinery.
The majority of lenders, even the banks with the biggest size, prefer to make loans secured by an asset. If you have trouble paying back the loan then the asset might be offered for sale by the lender. In essence, it is a way of securing additional financing making use of the value of what you already own.
For loans of up to $150,000, it is not necessary to secure assets in advance to gain access to the funds but we do need the personal guarantee. So long as you comply with the terms of your loan (as detailed in the loan contract) Asset security is not required. If you take out loans in excess of $150K generally there is the option of a personal guarantee and security that is in the form the charge of assets.
