The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Looking for more funding? Find out the eligibility requirements for our $100K-$500K business credit.
All you need to start is your contact information (the name of your company, your name, email address and telephone) as well as the amount you’d like to borrow and your monthly earnings.
Through the process and before settlement we’ll need confirmation of your identity but not for starting:
Additionally after we get started, for loans over $150,000 you will also require fundamental financial statements:
Let’s get started.
Brisbane unsecured loans offers the range of $5,000 to $100,000 with terms between 3 and 24 month and cash flow friendly repayments, which are either daily or weekly.
It is possible to apply to get this Small Business Loan in under 10 minutes via the internet or over the phone, receive an answer within the same day and have the funds on your account within 24 hours. Traditional company loans reference an annual interest rate along with other charges and fees. Our company loan is an upfront priced loan therefore you’ll be aware of the amount you will have to pay, including the interest, fees and charges. This is then divided into weekly or daily payment amount.
A Small Business Loan can be used for nearly any company use, including control of cash flow business improvements, advertising 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 size loan to aid in business growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term for up to 36 months. Repayments are either weekly or fortnightly to work with your cash flow.
This 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 be operating for at least three years and generate an annual revenue of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A Business Loan of a larger size can be used for nearly all business need, including business renovations, purchase of equipment or inventory as well as for general working capital and much more. The loan cannot be used for personal purposes.
Asset security is required to access funding over $150,000. This is by taking a charge on assets, and could include registration on the PPSR or making a caveat.
A personal or director’s guarantee is a guarantee to pay off a credit line that is generally in nature rather than specifying the security for a particular asset. The person who is signing the ensure is personally responsible if the company the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including the assets or goods). The PPSR permits preference over private property granted according to the date the registration of a security interest.
Caveats are legal form of document to provide the legal claim on a property.
If you’re applying for larger company loans of more than $250K we may be able to provide an initial pre-approval in order to ease the process. We may be able to get this done without a credit verification and within six hours of your initial application. The pre-approval is based upon an initial assessment that includes you answering some financial health checks. It’s not an offer of credit or guarantee of finance. Unconditional approval is subject to a full credit assessment and any offer that you might receive could be subject to different terms.
You can apply for a company loan if you
The application process is quick and simple. Just complete the online application within a few minutes and a dedicated company lending specialist will be in touch to guide you.
For a loan of up to $100,000 you’ll need proof of identity (valid Driver’s Licence) as well as an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll require:
$100K to $250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Application details including credit consent, 12 months bank statement, an IRD statements, last 2 years finalised financial statements, in addition to interim financials from the current financial year, Aged Payables and Aged Receivables summary.
For an unsecured loan ($5K or more) we usually offer a response in one hour – as long as you submit your request during standard company timings and permit us to make use of the advanced bank verification system link to instantly verify your bank information online. If you opt to upload copies of your banking statement, we’ll offer an answer in as little as an business day.
For Larger Business Loans ($100K up to $500,000) we may be likely to offer you with a conditional pre-approval in about six hours. After you’ve signed your pre-approval form, it will take approximately 2-3 days to receive final approval, however this can be quicker based on the circumstances of each application. Some deals have been approved within 24 hours.
The fastest way would be to ensure you apply during normal business hours and permit us to use the advance bank verification link to instantly verify your bank information online. If you choose to send us documents from your account accounts, it takes a bit longer.
For the Small Business Loan ($5K or more) we usually provide an answer within an hour if you make your application within normal business times and let us utilise the advanced bank verification system to instantly verify your bank details online. If you decide to upload copies of your banking statements, we are able to provide the decision in just the span of one business day.
If you are applying for Larger Business Loans ($100K to $500K) We may be in a position to provide the conditional pre-approval within about 6 hours. Once you’ve signed your pre-approval, the turnaround time is around 2-3 days for final approval, however this can be faster depending on the circumstances of each application. Some transactions have received approval within the space of 24 hours.
The fastest method would be to ensure you apply during standard business hours. You can also let us use the advanced bank verification system to instantly check your bank’s information online. If you opt to upload duplicates of your banking statements it will take a little longer.
We provide loan amounts between $5,000 to $500,000. If you apply for a particular amount, we take into consideration a range of factors in order to assess the well-being for your business and the extent of repayments that your business can support. The total amount of the loan will be determined by the specifics of your company.
When you make an application for a certain amount, we will consider a number of factors to determine your health of your business and the level of repayments that your business can afford. The total amount of your loan will be determined by the specifics of your business.
If you decide to make an application for our company loan, we will assess the risk assessment the company and provide you with a customised offer including the amount of the loan, the duration and interest rates. It is a company loan is an upfront-priced loan and you’ll be aware of the total amount you will have to pay, including interest rates, fees or charges.
The interest rates on company loans rates differ based on various factors like the amount of money that is borrowed, what business assets the funds will be used for in addition to the industry that the business operates in, how long the business has been operating for, in the event that the business has enough cash flow to fund the loan, and also the overall health or financial standing of the business.
There aren’t any hidden costs with our company loans, and you’ll know precisely how much it is that you need to pay and when, right from the day you sign up. There’s no compounding and the loan comes with no additional fees (as long as you make your payments punctually).
We don’t charge an application fee. You can apply for a loan no cost upfront or any obligation to sign up.
The Origination Fee covers the expenses involved with the setting up and management of the loan. You are only charged this fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You can decide to repay the total amount of your loan early at any time.
If you are deciding to take this route, please call our helpful business loan professionals. They’ll provide you with details for repayment and an early payment figure. This is calculated as the sum of the principal amount remaining plus any accrued interest as of the time of early payout and 1.5 percent of the principal balance plus any outstanding fees.
To help you avoid missing repayments and to fit in with your cash flow cycle we offer repayments that are either weekly or daily. They will be automatically deducted from your company account.
The security of your personal information, as well as making it clear the ways we gather the information we collect, use, share and ensure the security of your information is of paramount importance and is an essential part of our relationship you.
Yes. We make use of industry-standard encryption techniques to protect your sensitive, personal and financial data and our funders are ISO 27001 qualified for our commitment to protecting the security of customers and security. We use an advanced bank verification system that allows you to instantly verify your bank account information online, allowing us to offer quick responses.
The term "asset-based" refers to borrowing where the business owner uses assets they own to get the loan. The asset can be either a personal asset like the family home, or an company asset like a truck or other piece of machinery.
The majority of banks, including the largest banks, are inclined to guarantee loans against assets. If you are having difficulty paying back the loan, the asset could be transferred to the lender. In essence it is the process of securing new financing by using the worth of the asset you already own.
For loans up to $150K it is not necessary to secure assets prior to the loan’s access, however we require a personal guarantee. require the personal guarantee. In the event that you fulfill the loan terms (as detailed in the loan contract) Asset security is not required. For loans that exceed $150K, generally, you are able to get a personal ensure and security is provided in the form of the charge of assets.
