The requirements for obtaining an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Looking for more funding? Review the conditions of eligibility for our $100K-$500K company loans.
All that’s required to begin is your contact details (company name, your name, email address, phone), how much you’d like to borrow, and your monthly earnings.
In the course of the process and before settlement we’ll need confirmation of your identity but not to get started:
In addition, once we have started in the process, for loans greater than $150,000 you’ll also require basic financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 months. They also offer cash flow-friendly repayments, which are either daily or weekly.
Apply to get this Small Business Loan in under 10 minutes over the phone, receive an answer within the same day and have the funds in your account within 24 hours. Traditional company loans reference an interest rate per annum along with other charges and fees. Our company loan is a cash-based loan which means you know ahead of time the total amount due, which includes any interest, fees or charges. This is then broken down into a daily or weekly repayment figure.
A Small Business Loan can be used for virtually every company reason, such as the management of cash flow, company remodeling, marketing for purchasing 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 size loan to aid in company growth opportunities. Loans are between $100,000 and $500,000 for a fixed period of for up to 36 months. Repayments are either weekly or fortnightly, depending on your cash flow.
The Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the amount of the loan.
In order to be eligible for a loan in this amount the business needs to have been operating for at least three years with an annual turnover of at least $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A large company loan can be used for almost all company purpose including company remodeling, buying inventory or new equipment for general working capital, and much more. The loan is not available for personal purposes.
Asset security is needed to access funding over $150,000. It’s as a result of an charge over assets, and could include registration with the PPSR or the registration of a caveat.
A director’s or personal guarantee is a guarantee to repay a loan which is general in nature, rather than stating the security for a particular asset. The person who signs the ensure is personally liable in the event that the business creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including goods or assets). The PPSR grants prioritisation over property that is personal to be granted according to the date a security interest was registered.
An affidavit is an official document that is filed to provide an official notice of a claim to property.
When you’re applying for a Larger Business Loan of more than $250K, we may offer an initial pre-approval to simplify the process. We may be able to make this decision without a credit verification and within 6 hours of your initial application. The pre-approval is based upon an initial assessment that includes answering a couple of financial health questions. It’s not an offer or guarantee of funds. Acceptance without condition is subject to an extensive credit evaluation and any offer you receive could be on different conditions.
You are eligible to apply for a business loan if you;
The application process is quick and simple. Simply complete the online form in few minutes and an experienced company loan specialist will contact you to help you.
To be eligible for up to $100,000 you’ll require ID details (valid Driver’s License), an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$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 to $500K: Application details including credit consent and 12 months of bank statements, IRD statements, last 2 years finalised financial statements, as well as interim financial statements for the current year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K or more) we usually provide an answer within one hour, provided you submit your request in quality business hours and let us make use of the advanced bank verification system link to instantly verify your bank information online. If you want to upload copies of your bank statement, we’ll provide a decision in as little as the span of one business day.
For Larger Business Loans ($100K and up) we may be in a position to provide the conditional pre-approval in around six 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 circumstances of each application. Certain deals have been approved in less than 24 hours.
The quickest way to apply for you to apply is make sure you apply during normal company hours. You can also allow us to use the advanced bank verification system link to instantly verify your bank account information online. If you send us copies of your bank statements , it will take a little longer.
For the Small Business Loan ($5K to $100K) we typically provide an answer within an hour, provided you apply in normal business time and allow us to use the advanced bank verification system link to instantly verify your bank details online. If you choose to upload copies of your banking statement, we’ll provide an answer in just 1 business day.
If you are applying for Larger Business Loans ($100K to $500K) We may be likely to offer you with conditional pre-approval within six hours. Once you’ve signed the pre-approval form, it will take about 2-3 days for final approval, however this could be shorter based upon the circumstances for each application. Certain offers have been approved within just 24 hours.
The fastest method is to ensure you apply during normal business hours and let us use the advanced bank verification system to instantly verify your bank information online. If you decide to send us copies of your bank statement, it will take a little longer.
We offer loans that range from $5,000 and $500,000. When you make an application for a certain amount we consider a variety of factors to determine what is the health that is your company as well as the amount of repayments your business is able to afford. The total amount of your loan will be contingent on the specific circumstances for your company.
When you apply for a particular amount, we consider a variety of variables to assess your health of the company and the level of repayments that your business can support. The amount you receive from your loan will depend on the specifics the business.
When you apply for our business loan, we’ll assess the risk assessment for your company and offer you with a customised offer, including the amount of the loan, the duration and the interest rates. This company loan is a loan that is priced upfront which means you know the exact amount due, which includes any interest rates, fees or charges.
The interest rates on business loans rates differ based on various factors like the amount of money borrowed, the company assets the money are used to purchase as well as the field the company is in, how long the company has been in operation as well as what percentage of the business has enough cash flow to support the loan, and general well-being or financial standing of the company.
There aren’t any hidden charges with our company loans. You’ll know exactly how much you’ll need to pay and when, right from the first day. There’s no compounding interest and the loan comes with no additional fees (as as you make your payments in time).
We do not charge an Application Fee. You can make an application for loans no cost upfront or obligation to proceed.
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 percentage of the amount of the loan.
You may choose to pay back the entire amount of your loan at any point in time.
If you decide to do this please call our helpful company loan professionals. They will offer you with repayment details along with an early payout estimate. It will be calculated using the sum of the principal balance and the accrued interest up to the time of early payout plus 1.5% of the principal amount remaining as well as any outstanding fees.
To ensure that you don’t miss payment dates and to align your cash flow cycle we provide repayments either daily or weekly. These are automatically withdrawn from your designated 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 a vital part of our relationship with you.
Yes. We employ industry-recognised encryption techniques to protect your personal, sensitive 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 instantly verify the bank account details online to offer an immediate response.
The term "asset-based" refers to borrowing where an company owner uses assets they own to obtain the funding. The asset can be an individual asset, such as the family home, or an company asset like a truck or piece of equipment.
The majority of lenders, not just the banks with the biggest size, prefer to make loans secured by an asset. If you are having difficulty paying back the loan, then your asset may 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 up to $150,000 the requirement for asset security is not required upfront to access the money, however we require a personal guarantee. require a personal guarantee. In the event that you fulfill your loan commitments (as detailed in your loan contract) the security of assets is not required. For loans of over $150K generally, there is personal guarantee and security in the form an asset charge.
