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Brisbane Small Business Loans
Providing Specialist Business Finance

Services in Victoria Point

  • Unsecured Business Loans Victoria Point
  • Business Finance Victoria Point
  • Victoria Point Business Lending
  • Business Loans Victoria Point
  • Small Business Finance Victoria Point
  • Business Funding Victoria Point
  • Victoria Point Working Capital
  • Small Business Lending Victoria Point
  • Short Term Business Loan Victoria Point

Business Finance Victoria Point Brisbane 4165 QLD

Simple eligibility checklist

Small Business Loan Eligibility Criteria

The eligibility requirements for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.

  • Minimum of 6 months in business
  • At least $6,000 in income per month
  • You must be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for evidence of identity
  • Use an account with a New Zealand bank as your main trading account
  • Bank statements for the last 6 months

Looking for more funding? Check out the guidelines for eligibility for our $100K to $500K business loan.

Quick application checklist

What do you need to apply

All that’s required to start is your contact information (the name of your company, your name, email, phone) as well as the amount you’d like to lend, 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:

  • Idenfication details (valid Driver’s Licence)
  • Information about the company, including details on trading hours, ownership details , and NZBN (New Zealand Business Number)

In addition, once we have started in the process, for loans that exceed $150,000, you’ll also require the following financial statements:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Brisbane Small Business Loans

Let me know about the Brisbane Small Business Loans

Brisbane unsecured loans provides the range of $5,000 to $100,000, with terms ranging from 3 and 24 months and cash flow-friendly repayments that are either daily or weekly.

What makes how is the Unsecured Loan different from the traditional business loan?

Apply to your Small Business Loan in under 10 minutes online or over the phone, receive an instant response and the funds could be on your account within 24 hours. Traditional company loans refer to an interest rate per annum along with other charges and fees. This company loan is a pre-paid loan and you’ll be aware in advance of the amount you will have to pay, including the interest, fees and charges. Then, it is broken down into either a daily or weekly amount to be paid back.

What could be the Small Business Loan be used for?

The Small Business Loan can be used to fulfill almost every business use, including cash flow management, company improvements, advertising, to purchase inventory or new equipment, to fund general working capital and much more. The loan cannot be used for personal reasons.

About larger Brisbane Business Loans

What is the Larger Brisbane Business Loan?

The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. Loans range from $100,000 to $500,000 over a fixed term for up to 36 months. Repayments are weekly or fortnightly, depending on your situation.

How’s the Origination Fee calculated?

The Larger Business Loan has an Origination Fee, which is determined at 2.5 percent of the loan amount.

Do I qualify for the Larger Business Loan?

To qualify for a loan that is this large the company needs to have been trading for at least 3 years with an annual turnover of at least $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.

How can the funds be used for?

A large business loan can be used for nearly every business purpose including business improvements, purchasing equipment or inventory as well as for general working capital, and much more. The loan is not available to fund personal expenses.

Is the Larger Business Loan a secured loan?

Asset security is necessary to access funding over $150,000. This can be done by way of charge against assets and can include registering this in the PPSR or registering a caveat.

A director’s or personal guarantee is a commitment to pay off a credit line that is generally based rather than defining security over a particular asset. The person who is signing the guarantee is personally accountable if the business the borrower fails to repay the debt.

The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including goods or assets). The PPSR gives preference over private property granted depending on the date that a security interest that is registered.

An affidavit is an official form of document to provide notice of a legal claim against a property.

What is a pre-approval without Credit Check?

When you’re applying for the Larger Business Loan that exceeds $250K we can offer an initial pre-approval to simplify the process. We could be able to get this done without a credit check, and within 6 hours of the initial application. This pre-approval is made based on an initial assessment that includes the answer to a series of financial health checks. It’s not an offer or guarantee of financing. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer that you receive could be subject to different terms.

Application process

Are I eligible for funding?

You may apply for a company loan if you:

  • are a New Zealand Citizen (or Permanent Resident)
  • are 18 years or older, have a New Zealand company (with a valid NZBN/IRD)
  • you must prove at least 6 months worth of trade (for for the unsecured loan $5K – $100K) or 3 years of trading (for the Larger Business Loan $100K to $500K)

How do I apply?

The application process is simple and easy. Just complete the online application within a few minutes and a dedicated company expert in lending will contact you to assist you.

To be eligible for up to $100,000 you’ll need proof of identity (valid Driver’s Licence), an active NZBN/IRD, and at least six months worth of bank statements.

In addition, for larger loan sizes, you’ll require:

$100K to $250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K-$500K: Application details including credit consent and 12 months of bank statements, IRD statements Last 2 years’ finalised financial statements, and interim financials for the current financial year such as age-related payables and aged Receivables summaries.

How fast will I get a decision?

For an unsecured loan ($5K up to $100,000) We can usually provide an answer within one hour if you submit your request during standard company times and let us make use of the advanced bank verification system link to instantly verify your bank details online. If you want to upload copies of your banking statements , we’ll be able to offer the decision within the span of one company day.

For Larger Business Loans ($100K to $500K) we could be likely to provide you with pre-approval conditional to your application in around 6 hours. Once you’ve signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval. However, this could be shorter based upon the circumstances for each application. Some offers have been approved in the space of 24 hours.

The quickest way to apply for you to apply is make sure you apply during normal business hours. You can also permit us to use the modern bank verification to instantly confirm your bank details online. If you choose to send us documents from your account accounts, it can take a bit longer.

How quickly will I receive the cash?

For the Small Business Loan ($5K or more) we typically provide a response in one hour – provided you make your application during standard business hours and you allow us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you decide to upload copies of your bank statement, we’ll offer the decision in as little as one business day.

If you are applying for Larger Business Loans ($100K or more) we might be capable of offer you with pre-approval conditional to your application in around 6 hours. Once you’ve signed your pre-approval form, it will take about 2-3 days for final approval. However, it could be faster based on the circumstances of each application. Certain transactions have received approval within the space of 24 hours.

The most efficient method can be ensure you apply during normal business hours. You can also allow us to use our advanced bank verification system to instantly verify your bank information online. If you opt to upload copies of your bank statement, it takes a bit longer.

What is the maximum amount I can borrow?

We provide the loan amount between $5,000 to $500,000. When you make an application for a specific amount we look at a variety of factors in order to assess the health of the company and the amount of repayments that your business can afford. The total amount of your loan will depend on the specifics for your business.

When you make an application for a particular amount, we take into consideration a variety of aspects to determine the well-being that is your company as well as the amount of the repayments your company is able to afford. The total amount of your loan will be contingent on the particular circumstances for your company.

Fees & repayments

How much do you charge for the cost of a business loan?

When you apply for one of our company financing, we will assess the risk profile the business and offer you with a tailored proposal that includes the loan amount, the terms and interest rates. It is a business loan is a loan that is priced upfront which means you know in advance the total amount payable including any charges, interest rates or fees.

What determines the rate that I pay?

The interest rates on company loans rates depend on several factors including the amount borrowed, the business assets the funds are used to purchase in addition to the industry that the business operates in, how long the company has been running as well as in the event that the business has sufficient cash flow to support the loan, and the overall well-being as well as creditworthiness company.

What are the cost?

There are no hidden fees with our company loans, and you’ll be aware of the amount you’ll be required to pay, and when, right from the first day. There’s no compounding interest and no extra fees (as as long as you pay your payments punctually).

We do not charge an application fee. You can request a credit loan without any upfront costs or any obligation to sign up.

The Origination Fee covers the expenses involved in establishing and managing the loan. It is only charged for this cost if you take out the loan. Our Origination Fee is 2.5 percentage of the amount of loan.

Can I pay off the loan early?

You can repay the entire amount of your loan early at any time.

If you are deciding to pursue this option, please speak to our friendly company credit experts. They will offer you with the details of your repayment along with an early payout estimate. This will be calculated as the total of the remaining principal amount plus any accrued interest as of the date of early payout and 1.5% of the principal amount remaining as well as any outstanding fees.

How do repayments work?

To help you avoid missing repayments and to fit in your cash flow schedule, we offer repayments that are either daily or weekly. They are automatically deducted from your nominated company account.

Security & privacy

Will my data be protected?

The security of your personal information, as well as being clear about the ways we gather the information we collect, use, share and ensure the security of your information is of paramount importance and a vital part of our relationship you.

Is it safe to link my bank account to the platform?

Yes. We employ industry-recognised encryption standards 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 utilise a sophisticated bank verification system that allows you to instantly verify the bank account details online, allowing us to offer an immediate response.

About business loans

How do you define asset-based lending (a secured loan)?

Asset-based borrowing is when the company owner uses an asset that they own to get a loan. The asset can be an individual property, such as the family home, or an company asset such as a vehicle or piece or equipment.

The majority of banks, even the major banks, prefer to secure loans against assets. If you are having difficulty paying back the loan, then your assets could be sold by the lender. In essence it is a way of securing additional financing making use of the value of what you already own.

Are I need security to secure a company loan?

For loans that exceed $150K, no asset security is required in advance to gain access to the funds, however we do require a personal guarantee. As long as you follow your loan commitments (as stated in your loan contract document) Asset security will never be required. For loans over $150K typically, you will need a personal guarantee and security is provided in the form of the charge of assets.

Brisbane Small Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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1300 931 913