The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Looking for more funding? Take a look at the conditions of eligibility for our $100K-$500K business financing.
All that’s required for starting is your contact information (company name, your name, email address and telephone) as well as the amount you’d like to borrow and your monthly income.
Through the process and before settlement we will need confirmation of who you are, however, not in order to begin:
Additionally after we get started with loans greater than $150,000 you’ll also need fundamental financial statements:
Let’s get started now.
Brisbane unsecured loans offers amounts 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 for your Small Business Loan in under 10 minutes via the internet or by phone. You will receive an immediate response, and the funds could be in your account in 24 hours. Traditional company loans reference an interest rate per annum plus other fees and charges. Our company loan is a pre-paid loan therefore you’ll know ahead of time the total amount due, which includes any interest, fees or charges. Then, it is divided into a daily or weekly installment amount.
It is a Small Business Loan can be used for almost any company purpose including the management of cash flow, business remodeling, marketing to purchase inventory or new equipment, to fund general working capital, and much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger size loan to aid in company expansion opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of for up to 36 months. The repayments are made weekly or fortnightly to work with your situation.
A Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the amount of the loan.
To qualify for a loan that is this large, your company needs to have been trading for at least 3 years and generate an annual revenue of $700K. You must be 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 demonstrate at the least 12 months of operating.
A larger business loan can be used for almost every business purpose including business renovations, purchase of equipment or inventory or as general working capital and much more. The loan is not available to fund personal expenses.
Asset security is needed for funding of more than $150,000. This can be done by way of charge against assets, and could include registering this in the PPSR or the registration of a caveat.
A personal or director’s guarantee is a promise to repay a loan which is generally based rather than specifying the security for a particular asset. The person signing the ensure is personally liable if the company the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including items or assets). The PPSR permits preference over private property granted in accordance with the date on which a security interest was registered.
A caveat is a legal form of document to offer an official notice of a claim against a property.
If you’re requesting a Larger Business Loan that is greater than $250K it’s possible to offer an initial pre-approval to make the process. We may 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 an initial assessment, which involves the answer to a series of financial well-being questions. It is not an offer of credit or guarantee of credit. A conditional approval is subject an exhaustive credit evaluation, and any offer you may receive may be on different conditions.
You are eligible to apply for an company loan if you:
The application process is quick and easy. Complete the online form within a few minutes and a dedicated company credit specialist will contact you to assist you.
For a loan of up to $100,000, you’ll need the right identification documents (valid Driver’s Licence) along with an NZBN/IRD that is valid and at least 6 months of bank statements.
In addition, for larger loan sizes, you’ll also need:
$100K to $250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Information on the application including credit consent and 12 months bank statement, an IRD statements, last 2 years finalised financial statements, and interim financials from the current financial year as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K and up) we typically provide a response in one hour, provided you make your application at standard company timings and let us make use of the advanced bank verification system link to instantly verify your bank information online. If you opt to submit copies of your bank statement, we’ll offer a decision in just the span of one business day.
For Larger Business Loans ($100K and up) we could be capable of provide you with conditional pre-approval within about six hours. After you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval, however this may be quicker depending on the specifics of each application. Certain deals have been approved within just 24 hours.
The quickest way to apply would be to make sure you apply during normal business hours and allow us to use our advance bank verification to verify your bank account 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 to $100K) we typically provide a response in one hour if you make your application in normal business times and permit us to use the bank verification system to instantly verify your bank’s information online. If you choose to upload copies of your bank statements, we are able to provide a decision within one business day.
For the Larger Business Loans ($100K to $500K) we might be capable of offer you with a conditional pre-approval in about 6 hours. Once you’ve signed your pre-approval, turnaround times are about 2-3 days for final approval, however it could be faster based upon the circumstances for each application. Some agreements have been approved within the space of 24 hours.
The fastest method is to make sure you apply during standard business hours, and permit us to use the advance bank verification link to instantly confirm your bank details online. If you decide to upload duplicates of your banking accounts, it may take a bit longer.
We offer the loan amount between $5,000 to $500,000. When you make an application for a certain amount we consider a variety of aspects for determining your health of the business and the extent of the repayments your business can afford. The total amount of your loan will be contingent on the specific circumstances of your business.
When you apply for a set amount, we take into consideration a variety of aspects to determine the well-being that is your company and the level of payments your company can support. The total amount of the loan will be determined by the particulars that are unique to your company.
When you make an application for the business credit, we’ll assess the risk profile of your business and offer you with a customised proposal that includes loan amount, term and the interest rates. This company loan is an upfront-priced loan therefore you will know the exact amount due, which includes any charges, interest rates or fees.
The interest rates on company loans rates depend on several factors like the amount of money borrowed, what company assets the funds are used to purchase and the sector the company operates in, the long the company has been operating, how long the business has enough cash flow to fund the loan, and the overall health or financial standing of the business.
There are no hidden costs for our company loans. You’ll know precisely what you’ll be required to pay, and when, starting from the day you sign up. There’s not any compounding interest and no extra fees (as long as you are able to make your payments punctually).
We don’t charge an Application Fee. You are able to request a credit loan with absolutely no upfront cost and no obligation to proceed.
The Origination Fee covers the expenses involved with establishing and managing the loan. You are only charged this cost if you take out the loan. Our Origination Fee is 2.5 percentage of the amount of loan.
You can choose to repay the total amount of your loan at any point in time.
If you decide to do this please speak to our friendly company loan specialists. They will provide you with details on repayment as well as an early payout amount. This is calculated as the total of the principal remaining and any accrued interest at the time of early payout and 1.5 percent of the principal amount remaining and any fees that remain unpaid.
To make sure that you don’t miss repayments and to fit in with your cash flow routine, we offer repayments either daily or weekly. They will be automatically deducted from your company account.
Making sure that your information is secure, and knowing how we collect information, use it, and exchange it, as well as secure your information, is of huge importance and is an essential part of our relationship you.
Yes. We make use of industry-standard encryption standards to protect your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to protecting the security of clients and privacy. We make use of an advanced bank verification system link to immediately verify your bank account information online so we can offer an immediate response.
An asset-based loan is when a company owner utilises an asset that they own to obtain the funds for a loan. The asset could be an individual property, such as the family home or an company asset like a truck or piece or equipment.
The majority of lenders, not just the largest banks, are inclined to guarantee loans against an asset. If you’re having trouble paying back the loan, your assets could be taken over by the lender. In essence, it is the process of securing new financing using the value of what you already own.
For loans that exceed $150K, the requirement for asset security is not required upfront to access the money however, we do need an individual guarantee. As long as you follow the terms of your loan (as specified in your loan contract document), asset security is not needed. For loans that exceed $150,000, generally there is personal guarantee and security in the form an asset charge.
