Unsecured Business Loans Cornubia QLD

If You Do This Today, You'll Have Everything You Need to Be Successful By Obtaining a Cornubia Business Loan

Unsecured Business Loans Cornubia

A Cornubia unsecured business loan is simple and quick in applying for. Apply for a loan quickly and begin using the money for your company.

  • Could additional funds assist your business by allowing you to work capital or for an opportunity to grow?
  • How do you finance your business needs?

What to expect:

  • Easy process to fill out and be approved for funds as soon as tomorrow
  • There is no option to remittances in the first 4 weeks
  • Borrow from $5k to $500K
  • Terms from three to thirty-six months
  • Competitive interest rates
  • Minimal documentation required

The eligibility requirements for an unsecured business loan to be made in Cornubia are fairly minimal.

Call Now 1300 931 913
I'm now able fund the renovation of our newly constructed Cornubia resturant without having to take cash from other restaurants.
Cornubia Resturant Owner
I'm able get my tax back to keep me on track.
Small Business Owner
Simple loan application procedure with a generous amount of borrowing capacity, a low requirements for credit, and there is no need to provide a business plan. Don't use your personal credit card and company credit cards as a way to finance your business.
Unsecured Loans Made Simple
Business loans, especially those that are unsecured business loan or line of credit to business funding need have no stressfull process. Business finance can be in the form in the form of small business loans with an interest rate cost, and with a repayment schedule that fits your business financial needs.
Business Lenders for Business Goals
I am now able to take a holiday knowing the Cornubia business will run effortlessly.
Local Business Owner
Business loans with interest rates and repayment terms, as well as flexible repayment options to fit you business needs.
Business Lending Options
I am now able to make coffee for my customers with the best equipment.
Cafe Owner
I'm now able employ a marketing professional to take my business to the next level.
Growing Cornubia Business
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for business loans in Cornubia company credit in Cornubia with us is easy and takes only about a couple of minutes, there are no long lines of paperwork or waiting in line.

Get approved and receive your cash within 1-2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We are aiming to assist Cornubia businesses of all kinds, from small to medium-sized solopreneurs to access funding fast so they can utilise the loan to build and expand their business.

  • It starts with an easy online application or by phone
  • Flexible terms for repayment to fit your company
  • Fast and prompt funding within a single day or two days
  • A team of people who want for you as well as your company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for obtaining an unsecured business loan in Cornubia of between $5K and $100K is fairly low.

  • Minimum of 6 months in business
  • At least $6,000 in income per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as evidence of identity
  • Make sure you have a New Zealand bank as your primary account for trading
  • Bank statements from the last six months

Are you looking for additional funding? Take a look at the conditions of eligibility for our $100K-$500K company credit.

Here's How Others Have Benefited

Examples of Business Loans

The busy Christmas season was fast approaching, a clothes store needed additional working capital to finance additional stock and take advantage of discounts from suppliers. They borrowed $20K over 12 months without security for assets and received the funds in 24 hours.
Clothing Store
An interior designer had spotted an opportunity to expand their business and required working capital in order to finance this expansion. With an annual revenue of $300K they took out a loan of $250K for 24 months. Turnaround time for them was just 2 days and all they had to present was 12 months of bank statement along with IRD confirmation and their trust deed.
Interior Designer
A plumber who has operated their business for 3 years, with monthly sales of $80K was looking for additional funding. They took out $153K on 36 months. The only thing needed were 12 months' worth of statement and confirmation of the loan's status with IRD. The procedure was completed within one day, and the plumber received their additional working capital in ther account within a short time.
Plumber
A gym that had been running for more than three years, was planning to expand and required additional equipment. With an average monthly revenue of $37K they borrowed $72K over a 24 month period. The loan was not secured to secure the loan. It was settled within 24 hours.
Gym
The owner of a modest grocery store doing $70K a month borrowed $76K over a 24-month term , without making any repayments during the initial 4 weeks. This required 12 months of bank statements. Turnaround time was just 6 hours from the time of application until receiving the money.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Cornubia Business Loan Eligibility Criteria

The requirements for eligibility in larger Cornubia business loans of between $100K and $500K consist of:

  • Minimum of 3 years in business
  • At least $700K of annual revenue
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as evidence of identity
  • Use a New Zealand bank as your principal trading account
  • Bank statements from the previous six months
  • Some financial statements like Profit & Loss, and aged accounts Payable and Receivable

You are looking for a lesser amount of capital? Take a look at the conditions for eligibility for our $5K to $100K Cornubia unsecured company loans.

Business Lending for a Cash Injection

What do you want to use the business loan in Cornubia for?

A Cornubia unsecured loan is great for virtually any company purpose. Contact us now.

  • Renovate or expand commercial spaces
  • Staff expansion during busy periods
  • Boost stock levels to keep up with demand
  • Develop a new website, or increase your marketing
  • Consider investing in new equipment, tools or the latest technology
  • Make sure you have extra stock on hand to meet seasonal demand
  • Manage cash flow fluctuations
  • And many more …

Do you want to start working on one of these projects as soon as tomorrow? Then get in touch with us now or apply online to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All that’s required to get started is your contact information (company name, your name, email address or phone number) as well as the amount you want to borrow, and your monthly earnings.

During the process and before settlement we will require confirmation of your identity but not for starting:

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

After we start in the process, for loans that exceed $150,000, you’ll also need basic financial statements.

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

The owner of a tiny grocery store making $70K a month borrowed $76K over a 24 month term with no repayments for the first four weeks. This had a requirement of 12 months' bank statements. The turn around time was 6 hours from submitting the application to receiving the money.
Grocery Store Small Business Loan
A restaurant owner wanted to open another restaurant and needed funds for the installation. The bank was not willing to help. The average monthly income for them was $50K, and they were able to borrow $66K for 24 months. The turnaround time was 8 hours.
Restaurant Owner
An interior designer had spotted an opportunity to increase the size of their company and required working capital to fund this expansion. With monthly revenue of $300K they borrowed $250K in 24 months. The time to turn around for them was just two days, and all they had for them to present the required documents were twelve months' bank statements, IRD confirmation, and trust deed.
Interior Designer
When they purchased a pizza restaurant and two liquor stores six to 12 months prior, the new owners were looking for more funds. The revenue total was greater than $500K per month and they could have borrowed $300K, split out as $100K for each store, with an option of both 24 and 36 months. No security over the owners houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
With the busy Christmas time coming up, a store selling clothing required working capital in order to purchase more stock and also benefit from discounts offered by suppliers. They took out a loan of $20K over a period of 12 months, with no asset security required and had the money in just 24 hours.
Clothing Store

Unsecured Business Loan Cornubia QLD 4130

The lending landscape has changed

With traditional and bank lenders tightening their credit terms, the steady stream of alternative and non-bank loan providers entering the market provides an excellent source to make use of.

Cornubia SME’s are now being able to get finance from alternative lenders that service Cornubia who are focused on facilitating business expansion or smoothing out the cash flow problems. In the past, when personal credit sources (drawing equity from the house loan or credit cards in addition to personal loans and overdrafts) was the sole alternative financing solutions available in Cornubia that were around.

There is now no need for you to rely on the real estate market to secure company loans. With an unsecured loan business funding is made simple. Instead of a term loan with banks, business finance for an SME with interest rates and loan terms that can help to manage cash flow are available as business loans.

 

 

High level summary

Separate personal and business debt

There are many advantages associated with separating personal and company debt.

  • Your home or other investments, aren’t tethered in order to access funds
  • This business will be in much better position to build its own, clear credit history
  • It’s significantly more seamless for tax time
  • Businesses can easily view how they are performing, monitor and plan on being able to clearly determine their cash flow position

Limit your exposure, make tax time much easier. Get started with an unsecure busines loan, apply today.

For those who like the detail

Separate personal and business debt

Risk

One of the main benefits of keeping your personal and company assets apart is that your home does not have to be tied to access the funds. If you’re looking for a small business loan within Cornubia up to $100K an asset security agreement will not be needed as long as the borrower fulfills their loan obligations.

Credit history

Businesses are in a more advantageous long-term situation if they can show good credit and debt capacity to pay.

Tax

The separation of personal as well as business finances makes it much more seamless with regards to tax time, especially when it comes to determining the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has outlined the guidelines on the proof required to claim deductions on a business’s tax return. This is an area that the IRD have specifically advised on.

Cash flow

A well-organised cash flow management system is essential to the long-term survival for any business. Through keeping your personal finances and company finances distinct, companies can easily view the situation, track and plan based on their ability to accurately assess their cash flow position.

I am now able to take vacation knowing that I am confident that my Cornubia company will run well.
Local Business Owner
Business loans, in particular an unsecured unsecured business loan or line of credit to business financing require not be a difficult procedure. Business finance is in the form in the form of small business loans at a fixed interest rate cost, and with a repayment period which is compatible with the needs of your business financial needs.
Business Lenders for Business Goals
I can now make the coffee I serve my customers with the very best equipment.
Cafe Owner
A straightforward loan application process that comes with a high limit on borrowing, no requirements for credit and no requirement to create a business plan. Stop using your personal credit card or company credit cards to finance your business.
Unsecured Loans Made Simple
I'm able get my tax back on time.
Small Business Owner
Business loans with interest rates and repayment terms as well as flexible repayment options to fit you company requirements.
Business Lending Options
I can now hire an expert marketer to increase the success of my company to the next stage of business growth.
Growing Business
I am now able to fund the fitout of our new Cornubia resturant without having to borrow cash from other ones.
Cornubia Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Cornubia Small Business Loans

Tell me about the Cornubia Small Business Loans

Cornubia unsecured loans provides amounts between $5,000 and $100,000. The terms range between 3 and 24 months. They also offer cash flow friendly repayments that are either daily or weekly.

How is this Unsecured Loan different from the traditional company loan?

The application for the Small Business Loan in under 10 minutes over the phone, receive a same day response and funds may be in your account in 24 hours. Traditional company loans have an annual interest rate along with other charges and fees. The business loan is a pre-paid loan therefore you’ll be aware of the total amount payable including any fees, interest or charges. Then, it is broken down into either a daily or weekly payment amount.

What could be the Small Business Loan be used for?

The Small Business Loan can be used for nearly every business need, such as cash flow management, company renovations, marketing, to purchase inventory or new equipment, to fund general working capital and so much more. The loan cannot be used for personal reasons.

About larger Cornubia Business Loans

What is the Larger Cornubia Business Loan?

The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans are between $100,000 and $500,000 over a fixed term up to 36 months. Repayments are either weekly or fortnightly, depending on you cashflow.

How’s the Origination Fee calculated?

It is important to note that the Larger Business Loan has an Origination Fee, determined at 2.5 percent of the loan amount.

Can I get the Larger Business Loan?

To be eligible for a credit that is this large the business needs to have been trading for at least 3 years and generate an annual revenue of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.

How can the funds be used for?

A large business loan is a great option for almost every company reason, such as company remodeling, buying new equipment or inventory, as general working capital and much more. The loan cannot be used for personal use.

Is the Larger Business Loan one that requires security?

Asset security is required for funding of more than $150,000. This is by taking a charge on assets, which could also include registration in the PPSR or making a caveat.

A personal or director’s guarantee is a promise to pay off a credit line that is generally in nature rather than stipulating the security for a particular asset. The person signing the guarantee is personally liable in the event that the company the borrower fails to re-pay the debt.

The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It reflects security interests registered in respect of personal property (including the assets or goods). The PPSR grants prioritisation over property that is personal to be granted depending on the date that a security interest that is registered.

An affidavit is an official document filed to offer notice of a legal claim to property.

What is a pre-approval that does not require Credit Check?

If you’re requesting a Larger Business Loan of $250,000 or more we may be able to provide an initial pre-approval in order to make the process. We might be able to make this decision without a credit verification and within six hours of your initial application. The pre-approval is based upon an initial evaluation that involves the answer to a series of financial well-being checks. It’s not an offer or guarantee of credit. Unconditional approval is subject to an extensive credit evaluation and any offer you receive could be subject to different conditions.

The application process

Can I be eligible for funding?

You are eligible to apply for a company loan if you:

  • are a New Zealand Citizen (or Permanent Resident)
  • are 18 years or older, have a New Zealand business (with a valid NZBN/IRD)
  • can demonstrate at least 6 months’ worth of transactions (for a unsecured loan $5K – $100K) or three years of trade (for the Larger Business Loan $100K or $500K)

How do I apply?

The application process is fast and easy. Simply complete the online form within a few minutes and an experienced business credit specialist will be in touch to help you.

To apply for up $100,000 you’ll need ID details (valid Driver’s License), a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.

If you’re looking for loans with larger sizes, you’ll also need:

$100K – $250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Information on the application including credit consent twelve month bank accounts, the IRD statement as well as the two most recent years’ financial statements, and interim financials for the current financial year as well as Aged Payables and Receivables summary.

What speed will I be able to get a decision?

For an unsecured loan ($5K up to $100,000) we usually offer an answer within one hour, provided you apply in standard company hours and allow us to utilise the bank verification system link to immediately verify your bank account information online. If you choose to send us copies of your bank statements , we are able to provide a decision within just one business day.

For the Larger Business Loan ($100K to $500K) we may be in a position to offer you with pre-approval conditional to your application within six hours. Once you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this could be shorter based on the particular circumstances of each application. Certain deals have been approved in just 24 hours.

The quickest way to apply would be to ensure you apply during normal company hours, and allow us to use the advanced bank verification system to confirm your bank details online. If you decide to upload copies of your bank statements , it can take a bit longer.

How quickly will I receive the funds?

For the Small Business Loan ($5K and up) we usually provide an answer within an hour if you make your application during standard business hours and let us utilise the advanced bank verification system to instantly verify your bank’s information online. If you decide to submit copies of your bank statement, we’ll offer a decision within 1 business day.

If you are applying for Larger Business Loans ($100K up to $500,000) we may be likely to offer the conditional pre-approval within about six hours. After you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however this may be quicker depending on the circumstances of each application. Certain transactions have received approval within the space of 24 hours.

The quickest method is to ensure you apply during standard business hours, and let us use the advanced bank verification system link to verify your bank account information online. If you upload duplicates of your banking statement, it takes a bit longer.

How much can I borrow?

We provide loans ranging from $5,000 to $500,000. When you submit an application for a specific amount we take into consideration a range of variables for determining how much we can lend you health of your business as well as the amount 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 factors to assess the well-being of your company as well as the amount of the repayments your business will be able to support. The amount you receive from your loan will be determined by the specifics for your business.

Fees & repayments

How much do you charge for an business loan?

If you decide to apply for business loans with us company financing, we’ll assess the risk assessment the business and provide you with a tailored offer that includes the loan amount, the terms and the interest rates. A company loan is an upfront cost loan therefore you will know in advance the total amount you will have to pay, including charges, interest rates or fees.

What determines the rate that I’m charged?

The interest rates on business loans rates depend on several factors like the amount of money borrowed, what company assets the funds will be used for and the sector the business operates in, how long the company has been in operation, how long the business has enough cash flow to fund the loan, and also the overall health or creditworthiness of the company.

What are the cost?

There are no hidden costs with our company loans. You’ll know precisely how much it is that you need to pay, and when, from the day you sign up. There’s no compounding interest, and there are no additional charges (as long as you make your payments punctually).

We don’t charge an application fee. You can apply for a loan with no cost upfront or commitment to apply.

The Origination Fee covers the costs associated with establishing and managing the loan. You are only charged this fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.

Can I pay out the loan in advance?

You may choose to pay back the total amount of your loan in full at any time.

If you decide to pursue this option, please call our helpful company loan specialists. We will provide you with details on repayment and an early payment figure. It will be calculated using the sum of the remaining principal amount plus any accrued interest as of the time of early payment, plus 1.5 percent of the principal balance plus any outstanding fees.

What is the process for repayments?

To ensure you do not miss due dates and also to be in line your cash flow schedule, we provide repayments either daily or weekly. They will be automatically deducted from your company account.

Security & privacy

Will my data be secure?

Making sure that your information is secure, and making it clear how we collect data, process, exchange and safeguard your data, is of huge importance and a vital part of our relationship you.

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

Yes. We use industry recognised encryption standards to secure your personal, sensitive financial information and our funders are ISO 27001 qualified for our dedication to customer security and privacy. We utilise a sophisticated bank verification system that allows you to instantly verify your bank account details online so we can provide quick responses.

About business loans

What exactly is an asset-based loan (a secured loan)?

Asset-based borrowing is when an business owner uses the assets they have to obtain the funding. The asset could be an asset belonging to the personal, like the family home or it could be a business property like a truck or piece or equipment.

The vast majority of the lenders not just the major banks, prefer to guarantee loans against an asset. If you have trouble paying back the loan, your asset may be sold by the lender. In essence it is an opportunity to secure new financing by taking advantage of the value of what you already have.

Do I need security to secure an company loan?

For loans that exceed $150K, it is not necessary to secure assets before you can access the money but we do require a personal guarantee. So long as you comply with the loan terms (as stipulated in your loan contract), asset security will never be required. For loans that exceed $150,000, generally, there is personal ensure and security is provided in the form of the charge of assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses or auction websites
  • Debt collection agencies & debt purchasers
  • Direct marketing such as telemarketing, fundraising, mail order, direct-mail etc
  • Finance lenders and institutions
  • {Firearm businesses
  • Foreign currency exchange solutions
  • Customs clearing houses and freight forwarding
  • Gambling related industries
  • Not-for-profit organisations such as charities, churches etc.
  • Panel beaters & smash repairers
  • Pawn shops & pawnbrokers
  • Property developers
  • Investment business, shares & stockbrokers
  • Tattoo palours
  • Taxi and ridesharing services
  • Entertainment sales & ticket resellers
  • Tow truck services
  • Secondhand vehicle dealerships
  • Automotive glass tinting
  • Vehicle dismantlers

Although we can’t help with an unsecured business loan for the above industries, we might be able to help you by providing an secured business loan.

Brisbane Small Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

Apply Now

Apply Now

Contact Us

Contact Us

Contact Us

Fill out the form below or Call Now
1300 931 913