The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Do you require more money? Find out the guidelines for eligibility for our $100K-$500K business loans.
All you need to get started is your contact information (the name of your company and your name, as well as email, phone), how much you want to borrow, as well as your monthly income.
While in the process and before settlement we will require confirmation of your identity, but not for starting:
After we start in the process, for loans of more than $150,000 you’ll require basic financial statements.
Let’s get started now.
Brisbane unsecured loans offers amounts of between $5,000 and $100,000 with terms between 3 and 24 months, cash flow-friendly repayments that are either daily or weekly.
You can apply to this Small Business Loan in under 10 minutes on the internet or over the phone, receive a same day response and funds may be in your account in 24 hours. Traditional business loans are based on an annual rate of interest plus other fees and charges. This business loan is a loan that is priced upfront and you’ll know in advance the amount you will have to pay, including the interest, fees and charges. Then, it is broken down into either a daily or weekly payment amount.
It is a Small Business Loan can be used for nearly any company need, such as managing cash flows, business remodels and marketing to purchase inventory or new equipment, to fund general working capital and so much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help business expansion opportunities. Loans range from $100,000 to $500,000 over a fixed term that can last up to 36 months. Repayments are either weekly or fortnightly in order to accommodate your situation.
It is important to note that the Larger Business Loan has an Origination Fee, calculated at 2.5% of the loan amount.
In order to be eligible for a loan of this size the company needs to be in operation for at least 3 years and have an annual turnover of at least $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old or have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A Business Loan of a larger size can be used for almost every company purpose including business renovations, to purchase new equipment or inventory as well as for general working capital, and much more. The loan cannot be used to fund personal expenses.
Asset security is needed for funding of more than $150,000. This is as a result of an charge on assets, and may include registration with the PPSR or the registration of as a caveat.
A personal or director’s guarantee is a promise to pay off a credit line that is general in nature rather than stipulating the security of a specific asset. The person who signs the ensure is personally responsible if the business the borrower fails 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 permits priority over personal property to be granted according to the date a security interest that is registered.
An affidavit is an official document that is filed to provide notice of a legal claim to a property.
If you’re applying for a Larger Business Loan of more than $250K we can offer an initial pre-approval that will help ease the process. It is possible to apply for this without a credit check and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering some financial health checks. It is neither an offer nor a guarantee of funds. Unconditional approval is subject to a full credit assessment and any offer you receive could have different terms.
You can apply for a business loan if you
The application process is fast and easy. Just fill out the online application within a few minutes and a dedicated business lending specialist will be in touch to help you.
To apply for up to $100,000, you’ll need identification details (valid Driver’s License) along with an active NZBN/IRD, and at least six months of bank statements.
For larger loan sizes, you’ll require:
$100K – $250K: Application requirements, including credit consent, 6 – 12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K-$500K: Details of the application, including credit consent twelve months of bank statements, IRD statement as well as the two most recent years’ financial statements, and interim financials for the current financial year such as age-related payables and 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 business timings and permit us to use the advanced bank verification system to instantly verify your bank details online. If you want to submit copies of your bank statement, we’ll provide a decision in as little as the span of one business day.
For the Larger Business Loan ($100K up to $500,000) we might be in a position to offer you with pre-approval conditional to your application in about six hours. After you’ve signed the pre-approval document, you will need to wait about 2-3 days for final approval, however this could be shorter based on the specifics of each application. Certain deals have been approved within the space of 24 hours.
The quickest method can be ensure you apply during standard business hours. You can also permit us to use the advanced bank verification system link to check your bank’s information online. If you decide to upload copies of your bank accounts, it will take a little longer.
For the Small Business Loan ($5K and up) we usually provide an answer in just one hour, provided you submit your request in normal business time and let us use the advanced bank verification system to instantly verify your bank details online. If you want to upload copies of your bank statement, we’ll provide an answer in just the span of one business day.
If you are applying for Larger Business Loans ($100K or more) we may be likely to offer you with a conditional pre-approval in about six hours. Once you’ve signed your pre-approval form, it will take around 2-3 days for final approval, however it could be faster based on the circumstances of each application. Certain offers have been approved within the space of 24 hours.
The fastest way is to ensure you apply during normal business hours. Also, let us use the modern bank verification to instantly confirm your bank details online. If you decide to send us the copies of bank statements, it takes a bit longer.
We offer the loan amount between $5,000 to $500,000. If you apply for a particular amount, we consider a variety of aspects to determine the well-being for your business and the level of the repayments your company can support. The total amount of the loan will be determined by the specifics that are unique to your business.
If you apply for a certain amount, we take into consideration a variety of aspects to determine the health of the business and the extent of repayments your business is able to afford. The total amount of your loan will be contingent on the specifics the company.
If you decide to request business loans with us company credit, we will assess the risk profile that you have for your business and provide you with a tailored offer that includes the amount of the loan, the duration and interest rates. It is a company loan is a loan that is priced upfront so you will know in advance the total amount to be paid, including any interest rates, fees or charges.
Business loan interest rates depend on a variety of factors like the amount of money borrowed, what business assets the funds are used to purchase, the industry the business is operating in, how long the company has been operating and what percentage of the business has enough cash flow to fund the loan, as well as the overall health or creditworthiness of the business.
There aren’t any hidden charges with our company loans, and you’ll be aware of the amount you need to pay and at what time, from the day you sign up. There’s no compounding interest and the loan comes with no additional fees (as long as you make your payments in time).
We don’t charge an Application Fee. You can request a credit loan with with no upfront cost or any obligation to sign up.
The Origination Fee covers the costs associated in establishing and managing the loan. This is only a fee if you decide to take the loan. The Origination Fee for us is 2.5 percentage of the amount of the loan.
You can choose to repay all of your loan in full at any time.
If you choose to pursue this option, please contact our helpful business lending specialists. The specialists will offer you with details on repayment along with an early payout estimate. This is calculated as the sum of the principal amount remaining and any accrued interest at the time of early payment, plus 1.5 percent of the principal balance and any fees that remain unpaid.
To help you avoid missing payments and to work with your cash flow cycle we offer repayments that are either daily or weekly. These are automatically deducted from the nominated company account.
Protecting your information, and being upfront about the ways we gather data, process, exchange and protect your information, is vital and is an essential element of our relationship with you.
Yes. We employ industry-recognised encryption standards to secure your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our commitment to the security of our customers as well as their privacy. We employ a highly sophisticated banking verification system to instantly verify your bank account details online to offer rapid response.
Asset-based borrowing is when the company owner borrows from an asset they own to obtain the loan. The asset could be an asset belonging to the personal, like the family home or an business asset like a truck as well as a piece of machine.
The majority of banks, not just the big banks, tend to make loans secured by an asset. If you are having difficulty paying back the loan, then your assets could be sold by the lender. In essence, it’s an opportunity to secure additional financing taking advantage of the value of what you already have.
For loans up to $150,000 no asset security is required upfront to access the money, however we do require an individual guarantee. So long as you comply with your loan obligations (as specified in your loan contract) Asset security is not needed. For loans that exceed $150K, generally, there is a personal ensure and security that is in the form the charge of assets.
