The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Looking for more funding? Review the conditions of eligibility for our $100K to $500K company financing.
All that is needed to begin is your contact details (company name and your name, as well as email and phone), how much you’d like to borrow, as well as your monthly income.
In the course of the process and before settlement we’ll require confirmation of your identity but not to get started:
Additionally after we get started in the process, for loans over $150,000 you’ll also require basic financial statements.
Let’s get started.
Brisbane unsecured loans offers amounts between $5,000 and $100,000. Terms range from 3 and 24 months, cash flow friendly repayments that are either daily or weekly.
Apply to the Small Business Loan in under 10 minutes over the phone. You’ll get a same day response and the funds could be in your account within 24 hours. Traditional company loans are based on an annual rate of interest together with additional fees and charges. This company loan is an upfront priced loan which means you know in advance the total amount due, which includes any interest, fees or charges. This is then broken down into either weekly or daily installment amount.
The Small Business Loan can be used to fulfill almost any business reason, such as managing cash flows, company remodeling, marketing to purchase 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 company growth opportunities. Loans range between $100,000 and $500,000 with a fixed-term with a maximum of 36 months. The repayments are made weekly or fortnightly, depending on you cashflow.
A Larger Business Loan has an Origination Fee which is calculated at 2.5% of the amount of the loan.
To be eligible for a credit in this amount the company needs to be operating for at least three years and have an annual turnover of at least $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able to prove at the least 12 months of operating.
A larger business loan can be used for almost every business use, including business renovations, to purchase new equipment or inventory as well as for general working capital, and much more. The loan cannot be used for personal use.
Asset security is required to access funding over $150,000. This can be done as a result of an charge against assets, which could also be registered with the PPSR or the registration of a caveat.
A director’s or personal ensure is a commitment to repay credit that is generally based rather than defining security over an asset. The person who signs the ensure is personally accountable if the company creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It contains security interests which are registered with respect to personal property (including goods or assets). The PPSR grants preference over private property assigned according to the date the security interest was registered.
Caveats are legal document that is filed to offer notice of a legal claim against a property.
If you’re applying for an enterprise loan of more than $250K it is possible to offer a preliminary pre-approval to help ease the process. We might be able to make this decision without credit checks and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes answering a couple of financial health checks. This is not an offer of credit or guarantee of financing. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer you may receive may be based on different terms.
You are eligible to apply for a company loan if you
The application process is fast and simple. Simply complete the online form within a few minutes and an experienced company lending specialist will call you to guide you through the process.
To apply for up to $100,000, you’ll need the right identification documents (valid Driver’s Licence) and an active NZBN/IRD, and at least six months of bank statements.
For larger loan sizes, you’ll also require:
$100K-$250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Information on the application including credit consent as well as 12 month bank accounts, the IRD statements Last 2 years’ finalised financial statements, and interim current financial year financials including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K up to $100,000) We can usually provide an answer within an hour – as long as you apply within quality business timings and permit us to make use of the advanced bank verification system to instantly verify your bank information online. If you choose to upload copies of your bank statement, we’ll offer an answer in as little as the span of one business day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we may be in a position to provide the conditional pre-approval in about 6 hours. Once you have signed the pre-approval, the turnaround time is around 2-3 days for final approval, however this may be quicker depending on the specifics of each application. Certain offers have been approved in less than 24 hours.
The most efficient method for you to apply is ensure you apply during normal company hours and let us use the advanced bank verification system to confirm your bank details online. If you choose to upload duplicates of your banking statements , it can take a bit longer.
For the Small Business Loan ($5K and up) we can often offer an answer within an hour if you submit your request at standard business times and you allow us to use the advanced bank verification system link to immediately verify your bank account information online. If you choose to upload copies of your bank statements, we are able to provide a decision within 1 business day.
For the Larger Business Loans ($100K and up) we might be capable of provide the conditional pre-approval in about six hours. Once you’ve signed your pre-approval document, you will need to wait approximately 2-3 days to receive final approval, however this can be faster depending upon the circumstances for each application. Some deals have been approved in 24 hours.
The quickest method can be ensure you apply during standard business hours. You can also permit us to use the advance bank verification to confirm your bank details online. If you choose to send us copies of your bank statements it takes a bit longer.
We offer loans ranging from $5,000 and $500,000. If you apply for a certain amount, we look at a variety of elements that determine your well-being that is your company and the extent of payments your company can support. The total amount of your loan will depend on the specifics for your company.
If you apply for a set amount, we will consider a number of elements to assess how much we can lend you such as health of your business as well as the amount of payments your company can support. The amount you receive from your loan will be determined by the particulars for your company.
When you apply for the company loans, we will assess the risk profile of your business and offer an individualised offer that includes loan amount, term and interest rates. This company loan is an upfront priced loan which means you be aware of the total amount to be paid, including any interest rates, fees or charges.
Business loan interest rates vary due to factors including the amount that is borrowed, what business assets the money will be used for in addition to the industry that the company operates in, the long the business is in operation and how long the company has sufficient cash flow to cover the loan, and the overall well-being as well as creditworthiness business.
There aren’t any hidden costs for our company loans. You’ll know exactly how much you’ll need to pay and when, from the first day. There’s not any compounding interest and no additional fees (as long as you make your payments on time).
We do not charge an application fee. You are able to get a cash loan with without any upfront costs or the obligation to take action.
The Origination Fee covers the expenses involved with setting up and managing the loan. You are only charged this fee if you proceed with the loan. Our Origination Fee is 2.5% of the amount of loan.
You can choose to repay the total amount of your loan at any point in time.
If you are deciding to pursue this option, please talk to one of our helpful business loans professionals. They’ll offer you with the details of your repayment as well as an early payout amount. This is calculated as the total of the principal balance plus any accrued interest as of the time of the early payout plus 1.5% of the principal amount remaining and any outstanding fees.
To make sure you do not miss payments and to work with your cash flow routine, we offer repayments either daily or weekly. They will be automatically deducted from your business account.
The security of your personal information, as well as being clear about the ways we gather, use, exchange and secure your information, is crucial and is a crucial element of our relationship with you.
Yes. We utilise industry-recognised encryption standards to protect your sensitive, personal financial information and our funders are ISO 27001 qualified for our commitment to protecting the security of customers and privacy. We utilise a sophisticated bank verification system that allows you to instantly verify your bank account details online so we can offer quick responses.
The term "asset-based" refers to borrowing where a business owner borrows from assets they own to obtain the loan. The asset can be an individual asset, such as the family home, or an business asset such as a truck as well as a piece of machine.
The vast majority of lending institutions, including the major banks, prefer to guarantee loans against assets. If you’re struggling to pay back the loan then the asset might be sold by the lender. In essence, it’s means of securing new financing by taking advantage of the value of what you already own.
For loans of up to $150,000, there is no requirement for asset security in advance to gain access to the funds, however we require a personal guarantee. require the personal guarantee. So long as you comply with the terms of your loan (as detailed in the loan contract) and you are able to meet your obligations, asset security will never be required. For loans that exceed $150K, generally, there is personal ensure and security in the form of an asset charge.
