The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K is fairly low.
Do you require more money? Find out the conditions of eligibility for our $100K to $500K company loans.
All that’s required to begin is your contact information (company name, your name, email and telephone) and the amount you want to borrow, and your monthly income.
In the course of the process and before settlement we’ll need confirmation of your identity, but not to get started:
Once we’ve started with loans over $150,000 you will also need basic financial statements:
Let’s get started now.
Brisbane unsecured loans offers amounts between $5,000 and $100,000. Terms range from 3 and 24 months and cash flow friendly repayments that are either daily or weekly.
The application for your Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an instant response and have the funds in your account in 24 hours. Traditional business loans refer to an annual interest rate plus other fees and charges. This business loan is a pre-paid loan so you will know in advance the total amount to be paid, including any fees, interest or charges. This is then broken down into a daily or weekly repayment figure.
A Small Business Loan can be used for nearly any business use, including managing cash flows, company remodels and marketing, 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 loan size to support company expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed that can last up to 36 months. Repayments are scheduled weekly or fortnightly depending on you cashflow.
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 loan that is this large, your business needs to be in operation for at least 3 years, and have an annual income of at least $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.
A Larger Business Loan can be used for almost any company need, including business renovations, to purchase inventory or new equipment, as general working capital and so much more. The loan is not available for personal purposes.
Asset security is needed to obtain funding above $150,000. This can be done by taking a charge on assets, and could include registering this on 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 stating security over an asset. The person who is signing the guarantee is personally liable in the event that the company borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It contains security interests registered in respect of personal property (including items or assets). The PPSR gives priority over personal property to be granted according to the date the security interest has been registered.
Caveats are legal form of document to provide the public notice of a legal claim against a property.
If you’re requesting larger company loans that exceeds $250K, we may offer a preliminary pre-approval to help smooth out the process. We may be able to apply for this without a credit check and within 6 hours of your initial application. The pre-approval process is based on an initial evaluation that involves you answering a few financial well-being checks. It’s neither an offer nor a guarantee of credit. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer that you receive could be based on different terms.
You can apply for a company loan if you
The process for applying is fast and easy. Complete the online form in just a few minutes, and an experienced company expert in lending will call you to guide you through the process.
To be eligible for up to $100,000 you’ll need the right identification documents (valid Driver’s License), a valid NZBN/IRD as well as at least 6 months of bank statements.
For larger loan sizes, you’ll require:
$100K – $250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if credit is over $150K).
$250K-$500K: Information on the application including credit consent twelve months of bank statements, IRD statement and the last two years’ finalised financial statements, in addition to interim financials for the current financial year including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K and up) we can often offer an answer within an hour, provided you submit your request within quality company timings and let us utilise the bank verification system link to instantly verify your bank details online. If you opt to upload copies of your bank statement, we’ll offer a decision within the span of one company day.
For Larger Business Loans ($100K up to $500,000) we might be in a position to offer the conditional pre-approval within 6 hours. After you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval. However, it could be faster based on the particular circumstances of each application. Certain transactions have received approval within just 24 hours.
The fastest way is to make sure you apply during standard business hours. Also, allow us to use the modern bank verification to instantly verify your bank account information online. If you choose to send us copies of your bank statements it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often provide an answer within one hour if you apply at standard business timings and permit us to use the advanced bank verification system link to instantly verify your bank information online. If you decide to submit copies of your bank statements, we are able to provide an answer within 1 business day.
For Larger Business Loans ($100K to $500K) we may be able to offer you with a conditional pre-approval in around six hours. Once you’ve signed the pre-approval document, you will need to wait 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 within 24 hours.
The quickest method is to ensure you apply during normal business hours and allow us to use the modern bank verification to instantly confirm your bank details online. If you choose to send us duplicates of your banking statements, it can take a bit longer.
We provide loan amounts between $5,000 to $500,000. If you apply for a particular amount, we look at a variety of elements for determining how much we can lend you well-being for your business and the amount of repayments that your business can afford. The amount you receive from your loan will depend on the specifics the business.
When you submit an application for a particular amount, we look at a range of aspects to determine how much we can lend you such as health that is your company and the amount of payments your company will be able to support. The total amount of your loan will be contingent on the specifics for your company.
When you request business loans with us company loans, we’ll assess the risk assessment for your company and offer an individualised proposal that includes the loan amount, the terms and interest rates. It is a business loan is an upfront-priced loan so you will know in advance the total amount you will have to pay, including charges or interest.
Interest rates for company loans rates vary due to factors including the amount borrowed, what company assets the money are used to purchase and the sector the business is in, how long the business has been running, whether the business has sufficient cash flow to pay for the loan, and overall well-being and creditworthiness of the company.
There are no hidden costs for our business loans. You’ll know exactly how much you be required to pay, and when, starting from day one. There’s no compounding interest, and there are no additional charges (as long as you are able to make your payments punctually).
We do not charge an Application Fee. You can get a cash loan with no upfront cost or any obligation to sign up.
The Origination Fee is the cost associated in establishing and managing the loan. You are only charged this cost if you take out the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You can choose to repay all of your loan early at any time.
If you choose to take this route, please call our helpful company credit experts. They will provide you with the details of your repayment along with an early payout estimate. This will be calculated as the sum of the principal balance and any accrued interest at the date of early payout in addition to 1.5% of the principal amount remaining as well as any outstanding fees.
In order to help you avoid missing repayments and to fit in with your cash flow routine, we provide repayments either weekly or daily. They will be automatically deducted from your designated business account.
The security of your personal information, as well as being upfront about the ways we gather information, use it, and exchange it, as well as secure your information, is of huge importance and is an essential element of our relationship with you.
Yes. We use industry recognised encryption standards to secure your sensitive, personal financial information and our funders are ISO 27001 certified for our dedication 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, allowing us to provide rapid response.
Asset-based borrowing is when an business owner makes use of an asset that they own to obtain the funding. The asset could be an individual property, such as the family home, or an company asset such as a vehicle or piece or equipment.
The vast majority of lenders, not just the big banks, tend to secure loans against an asset. If you are having difficulty paying back the loan, your asset may be transferred to the lender. In essence, it is means of securing additional financing using the worth of the asset you already own.
For loans up to $150K the requirement for asset security is not required before you can access the money however, we do require the personal guarantee. In the event that you fulfill your loan commitments (as stipulated in your loan contract), asset security will never be needed. If you take out loans in excess of $150K typically, you will need a personal guarantee and security that is in the form charges on assets.
