The requirements for obtaining an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Do you need more money? Find out the conditions of eligibility for our $100K to $500K business financing.
All that’s required for starting is your contact details (company name, your name, email, phone), how much you’d like to borrow and your monthly earnings.
While in the process and before settlement we will need confirmation of your identity, but not to get started:
After we start, for loans greater than $150,000 you’ll also require the following 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.
Apply to get the Small Business Loan in under 10 minutes over the phone. You’ll get a same day response and have the funds in your account within 24 hours. Traditional business loans are based on an annual rate of interest along with other charges and fees. Our company loan is a pre-paid loan and you’ll be aware in advance of the total amount to be paid, including any fees, interest or charges. Then, it is divided into a daily or weekly amount to be paid back.
A Small Business Loan can be used to fulfill almost any business purpose including control of cash flow company remodels and marketing for purchasing inventory or new equipment, for general working capital and so much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans are between $100,000 and $500,000 for a fixed period of up to 36 months. Repayments are either weekly or fortnightly in order to accommodate your situation.
The Larger Business Loan has an Origination Fee which is determined at 2.5% of the amount of the loan.
To be eligible for a credit of this size, your company needs to have been in operation for at least 3 years, and have an annual income of $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A larger business loan can be used for nearly all business use, including business renovations, purchase of equipment or inventory as well as for 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 is by taking a charge over assets and can include the registration of this in the PPSR or making as a caveat.
A director’s or personal guarantee is a commitment to pay back a loan that is generally based rather than stipulating security over an asset. The person who signs the ensure is personally responsible if the company borrower is unable 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 reflects security interests granted to individuals who own personal property (including items or assets). The PPSR gives prioritisation over property that is personal to be assigned according to the date a security interest that is registered.
An affidavit is an official document filed to offer notice of a legal claim against a property.
If you’re requesting larger company loans that exceeds $250,000 we can offer an initial pre-approval that will help make the process. We might be able to make this decision without a credit check and within 6 hours of the initial application. The pre-approval is based upon an initial assessment, which involves you answering some financial well-being checks. It’s neither an offer nor a guarantee of financing. Acceptance without condition is subject to a full credit assessment and any offer you receive could be based on different terms.
You can apply for an business loan if you;
The process for applying is fast and simple. Simply complete the online form in few minutes and an experienced company credit specialist will be in touch to help you.
For a loan of up to $100,000, you’ll need proof of identity (valid Driver’s Licence) as well as a valid NZBN/IRD as well as at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K-$250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K – $500K: Information on the application including credit consent, 12 months of bank records, IRD statements and the last two years’ finalised financial statements, as well as interim current financial year financials such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K or more) We can usually offer an answer in just one hour – as long as you submit your request within standard company 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’ll be able to provide a decision within one business day.
For Larger Business Loans ($100K up to $500,000) we may be capable of offer you with conditional pre-approval in about 6 hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval, however this could be shorter based on the particular circumstances of each application. Some offers have been approved in just 24 hours.
The quickest way to apply would be to make sure you apply during standard company hours. Also, let us use the advance bank verification to instantly verify your bank account information online. If you choose to upload copies of your bank statements , it may take a bit longer.
For the Small Business Loan ($5K and up) We can usually provide an answer within an hour – as long as you make your application at normal business hours and you allow us to use the advanced bank verification system to immediately verify your bank account information online. If you want to submit copies of your bank statements we can provide the decision within the span of one business day.
For the Larger Business Loans ($100K up to $500,000) We may be able to offer you with a conditional pre-approval in 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 upon the circumstances for each application. Certain transactions have received approval in less than 24 hours.
The most effective method can be ensure you apply during normal business hours and allow us to use our advanced bank verification system to verify your bank account information online. If you send us the copies of bank statements, it may take a bit longer.
We offer loans that range from $5,000 to $500,000. When you make an application for a particular amount, we will consider a number of aspects in order to assess how much we can lend you well-being for your company and the extent of repayments that your company can support. The total amount of your loan will be contingent on the specific circumstances the business.
When you apply for a set amount, we will consider a number of elements to assess the health of your company as well as the amount of payments your business can support. The total amount of your loan will be determined by the particulars that are unique to your business.
When you make an application for business loans with us company loans, we will assess the risk profile for your business and provide you with a customised offer including the loan amount, the terms and interest rates. It is a business loan is an upfront-priced loan which means you be aware of the total amount due, which includes any charges or interest.
The interest rates on company loans rates vary due to variables like the amount to be borrowed, the business assets the money are used to purchase in addition to the industry that the business operates in, the long the business has been running, whether the company has sufficient cash flow to pay for the loan, as well as the general well-being or financial standing of the company.
There are no hidden fees for our business loans. You’ll know precisely how much you’ll need to pay and when, starting from the first day. There’s not any compounding interest and no extra fees (as as you make your payments punctually).
We do not charge an Application Fee. You are able to get a cash loan with with no upfront cost or obligation to proceed.
The Origination Fee covers the expenses involved 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 percentage of the amount of the loan.
You can repay the entire amount of your loan at any point in time.
If you choose to take this route, please talk to one of our helpful business credit experts. They’ll provide you with the details of your repayment and an early payout figure. This is calculated as the sum of the principal balance and any accrued interest at the time of the early payout, plus 1.5% of the remaining principal and any outstanding fees.
To ensure that you don’t miss due dates and also to be in line with your cash flow cycle we provide payments that are either daily or weekly. They are automatically deducted from your nominated business account.
Making sure that your information is secure, and making it clear how we collect, use, exchange and safeguard your data, is vital and is an essential part of our relationship you.
Yes. We use industry recognised encryption standards to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our commitment to the security of our customers as well as their privacy. We use an advanced bank verification system link to instantly verify your bank account details online so we can offer a fast response.
The term "asset-based" refers to borrowing where the company owner borrows from the assets they have to obtain the loan. The asset may be an individual property, such as the family home, or a company asset such as a vehicle or piece or equipment.
The majority of banks, including the banks with the biggest size, prefer to guarantee loans against assets. If you are having difficulty paying back the loan, the asset might be taken over by the lender. In essence, it’s a way of securing new financing by using the worth of the asset you already have.
For loans of up to $150,000, it is not necessary to secure assets in advance to gain access to the funds, however we do need an individual guarantee. So long as you comply with the loan terms (as stated in your loan contract) Asset security will never be needed. For loans over $150K typically, you will need personal guarantee and security in the form of an asset charge.
