Unsecured Business Loans Eagle Farm QLD

If You Do This Today, You'll Be All Set For Success By ObtainingThe Help Of an Eagle Farm Business Loan

Unsecured Business Loans Eagle Farm

An Eagle Farm unsecured business loan is quick and easy to obtain. Approve your loan in a matter of minutes and use the money for your company.

  • Do you think that additional funds could help your business in working capital, or in achieving an opportunity to grow?
  • How are you financing your company needs?

You can expect:

  • Easy to apply and be approved for money as early as tomorrow
  • No reayments are permitted in the initial four weeks
  • From $5k to $500K in loans
  • Terms ranging from 3 to 36 months
  • Competitive rates of interest rates
  • Minimal docs required

The eligibility requirements for an unsecured business loan in Eagle Farm are fairly minimal.

Call Now 1300 931 913
I am now able to fund the fitout of our newly constructed Eagle Farm resturant without having draw cash from other ones.
Eagle Farm Resturant Owner
I can get my tax back on track.
Small Business Owner
A simple loan application process with a large loan limit, with minimal requirements for credit and no requirement to create a business plan. You no longer need to use your personal credit card or company credit cards in order to fund your business.
Unsecured Loans Made Simple
Business loans, in particular an unsecured business loan or line of credit for business financing need to not become a stressfull process. Finance for a company in the shape in the form of small business loans at a fixed interest rate and repayment period that fits your business financial needs.
Business Lenders for Business Goals
I am now able to take time off knowing that the Eagle Farm business will run without a hitch.
Local Business Owner
Business business loans, interest rates and repayment terms as well as flexible repayment options that can be tailored to your business needs.
Business Lending Options
I'm now able to prepare coffee for my customers using the very best equipment.
Cafe Owner
I'm now able to hire a marketer to boost my company to the next step.
Growing Eagle Farm Business
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for business loans in Eagle Farm business credit within Eagle Farm with us is easy and takes only less than a minute, with no long lines of paperwork or waiting in line.

Be approved and receive your funds in one to two business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We are aiming to assist Eagle Farm companies of all kinds, including medium, small and even solopreneurs to access funding fast so they can utilise the loan to expand and grow.

  • It all starts with a simple online application or by phone
  • Flexible repayment terms that can be tailored to your company
  • Fast funding within a day or two days
  • A team that wants both you and your company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for obtaining an unsecured business loan in Eagle Farm of between $5K and $100K are pretty minimal.

  • A minimum of six months in business
  • At least $6,000 of revenue per month
  • You must be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as identification proof
  • Have a New Zealand bank as your principal account for trading
  • Bank statements from the previous 6 months

Need more funds? Find out the guidelines for eligibility for our $100K-$500K business loans.

Here's How Other People Have Benefited

Examples of Business Loans

With the busy Christmas time approaching, a clothing store needed additional working capital to buy more inventory and to take advantage of discounts offered by suppliers. They were able to borrow $20K for 12 months, with no collateral for their assets, and they had the money in just 24 hours.
Clothing Store
An interior designer had noticed an opportunity to increase the size of their business and required working capital to finance the growth. With a monthly revenue of $300K they took out a loan of $250K for 24 months. The time to turn around for them was only two days and all they had to present the required documents were twelve months' bank statement along with IRD confirmation and trust deed.
Interior Designer
A plumber who's worked in the business for 3 years with $80K in monthly sales was in search of additional funds. They were able to borrow $153K over the course of 36 months. All that was required is 12 months worth of banking statements as well as confirmation of their status with IRD. The procedure was completed within a day and the plumber was able to access their working capital in their account within a short time.
Plumber
A gym that had been going for nearly 3 years decided to increase its size and needed more equipment. With monthly revenue of $37K they borrowed $72K over a 24 month period. There was no security requirement to secure the loan. It was ready in the span of 24 hours.
Gym
The owner of a modest grocery store making $70K a month borrowed $76K over a 24 month term , without making any repayments for the first 4 weeks. This was contingent on 12 months of bank statements. The turnaround time was only 6 hours from application to getting the money.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Eagle Farm Business Loan Eligibility Criteria

The criteria to be eligible in larger Eagle Farm business loans of between $100K and $500K include:

  • A minimum of 3 years of business
  • At least $700K of annual income
  • Be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for evidence of identity
  • Have an account at a New Zealand bank as your principal trading account
  • Bank statements for the last 6 months
  • Certain financial statements include Profit & Loss and Aged Accounts Payable and Receivable

Are you looking for a lower amount of money? Find out the guidelines for eligibility for our $5K to $100K Eagle Farm unsecured company loans.

Business Lending for a Cash Injection

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

An Eagle Farm unsecured loan is perfect for almost any company need. Get in touch with us today.

  • Renovate or expand the commercial space
  • Grow the team for busy periods
  • Boost stock quantities to keep pace with demand
  • Build a new website or improve your marketing
  • Make sure you invest in new equipment, tools or technological advancements
  • Purchase additional stock to meet seasonal demand
  • Control cash flow fluctuations
  • And many more …

Want to get started on one of these as soon as tomorrow? Get in touch with us or apply online now to get the fastest and most effective process.

Quick application checklist

What do you need to apply

All that is needed for starting is your contact details (company name, your name, email, phone) and the amount you’d like to borrow, and your monthly earnings.

While in the process and before settlement we’ll require confirmation of who you are, but not to get started:

  • Information on Idenfication (valid Driver’s Licence)
  • Details of the business including time of trading, ownership details , and details of ownership and trading time, as well as NZBN (New Zealand Business Number)

Additionally after we get started with loans greater than $150,000 you will also need the following financial statements:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

The owner of a tiny grocery store that earned $70K per month borrowed $76K over a 24-month period with no repayments during the initial 4 weeks. This was contingent on 12 months of bank statements. The time to turn around was just six hours from the time of application until receiving the funds.
Grocery Store Small Business Loan
A restaurant owner wanted to open another restaurant and needed funding to installation. Their bank wasn't willing to help. Their typical monthly earnings was $50K. They borrowed $66K for 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
An interior designer saw an opportunity to expand their business and required working capital to finance the growth. With a monthly revenue of $300K they borrowed $250K over 24 months. The turnaround time was only 2 days, and all they had to provide is 12 months' worth of Bank statement, IRD confirmation, and their trust deed.
Interior Designer
When they purchased a pizza shop as well as two liquor stores six to 12 months earlier the new owners were seeking more funds. The combined revenue was over 500K per month. They were able to obtain $300K, split out as $100K per store on an option of both 24 and 36 months. There was no security on the owners' houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
The busy Christmas season was coming up, a store selling clothing required working capital in order to fund extra stock and take advantage of discounts from suppliers. They borrowed $20K over 12 months with no security for assets and received the funds in less than 24 hours.
Clothing Store

Unsecured Business Loan Eagle Farm QLD 4009

The lending landscape has changed

With banks and traditional lenders restricting credit, the steady stream of alternative and non-bank loan providers that are entering the market provides a great resource for you to tap into.

Eagle Farm SME’s are now able to access finance through alternative lenders that service Eagle Farm who are focused on enabling business expansion or smoothing out cash flow issues. In the past the personal sources of credit (drawing equity from a house loan or credit cards and personal loans as well as overdrafts) provided the most viable alternative financing solutions within Eagle Farm that were available.

There is now there is no need to depend on using real estate to secure company loans. With an unsecured loan business funding is simple. Instead of a traditional term loan from the bank, business finance for an SME with interest rates and loan terms that can help in cash flow are available as business credit options.

 

 

High level summary

Separate personal and business debt

There are many advantages associated with the separation of personal and company debt.

  • Your home, or other investmentsaren’t tied for access to funds
  • It is the business will be in more favourable position to establish its own, solid credit history
  • It is considerably more straightforward at tax time
  • Businesses can easily view their cash flow, monitor and plan based on being able to easily assess their cash flow position

Limit your exposure, make your tax time more simple, apply for an unsecure loan for business. Get it today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your personal and company assets separate can be that your home isn’t necessarily tied up to the funds. In the case of a business loan in Eagle Farm up to $100K the security of assets won’t be required as long as the borrower meets the loan requirements.

Credit history

Companies will be in a advantageous long-term situation if they can show good credit and debt ability to service.

Tax

A separation between personal and company finances makes it much more seamless with regards to tax time - especially when it comes to determining the tax-deductible amount. The IRD has set out the guidelines on the proof required in order to deduct deductions from the tax return of a company. This is a subject that the IRD have specifically advised on.

Cash flow

Effective cash flow management is key for the long-term survival in any business. Through keeping your personal finances and business finances distinct, businesses can easily view, monitor and plan based on their ability to accurately evaluate their cash flow situation.

I'm now able take time off knowing that it is safe knowing that Eagle Farm company will run smoothly.
Local Business Owner
Business loans, in particular an unsecured business loan or line of credit for business financing require to not become a tense procedure. Business finance can be in the form of small business loans at an interest rate and repayment schedule that will suit your business budget.
Business Lenders for Business Goals
I am now able to make coffee for my clients with the very best equipment.
Cafe Owner
A simple loan application process with a huge amount of borrowing capacity, a low requirements for credit and there is no need to create a business plan. Do not use your personal credit card or company credit card to fund your company.
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 what your company requirements.
Business Lending Options
I'm now able employ an experienced marketer to help me boost my company to the next stage of business growth.
Growing Business
I'm now able to finance the fitout of our newly constructed Eagle Farm resturant without having to pull cash from the other locations.
Eagle Farm Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Eagle Farm Small Business Loans

Tell me more about Eagle Farm Small Business Loans

Eagle Farm unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.

What is the Unsecured Loan different from a traditional business loan?

It is imaginable to apply to your Small Business Loan in under 10 minutes on the internet or by phone. You will receive an answer within the same day and the money could be in your account in 24 hours. Traditional company loans reference an annual interest rate together with additional fees and charges. The business loan is a cash-based loan therefore you’ll be aware of the amount you will have to pay, including any fees, charges or charges. This is then divided into a daily or weekly amount to be paid back.

What could you use the Small Business Loan be used for?

A 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, to fund general working capital and much more. The loan cannot be used for personal reasons.

About larger Eagle Farm Business Loans

What is the Larger Eagle Farm Business Loan?

The Larger Business Loan is a larger loan size to support company growth opportunities. Loans are between $100,000 and $500,000 with a term fixed that can last up to 36 months. The repayments are made weekly or fortnightly to work with the flow of cash.

How is the Origination Fee calculated?

A Larger Business Loan has an Origination Fee which is calculated at 2.5% of the amount of the loan.

Am I eligible for the Larger Business Loan?

In order to be eligible for a loan in this amount, your business needs to have been 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) over 18 years, own a New Zealand company (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.

What can I use the funds for?

A large business loan can be used for nearly all business need, including company remodeling, buying inventory or new equipment, as general working capital, and much more. The loan is not available to fund personal expenses.

Is the Larger Business Loan one that requires security?

Asset security is necessary to obtain funding above $150,000. It is usually by way of charge on assets, which could also include registering this in the PPSR or registering a caveat.

A personal or director’s guarantee is a promise to repay a loan which is general in nature rather than stipulating the security of a specific asset. The person who is signing the guarantee is personally liable if the business lender is not able to make the repayment.

The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It lists security interests that are that are registered for personal property (including items or assets). The PPSR allows priority over personal property to be granted depending on the date that a registration of a security interest.

The caveat can be described as a formal form of document to provide the legal claim on a property.

What is a pre-approval minus Credit Check?

If you’re applying for a Larger Business Loan of more than $250,000, we may offer an initial pre-approval that will help simplify the process. We could be able to get this done without a credit verification and within six hours of your initial application. This pre-approval is based on a preliminary assessment which includes the answer to a series of financial health questions. This is not an offer or guarantee of financing. Unconditional approval is subject to an extensive credit evaluation and any offer you might receive could be based on different conditions.

The application process

Do I qualify for funds?

You can apply for a business loan if you:

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

How do I apply?

The application process is fast and simple. Simply complete the online form within a couple minutes, and a dedicated business expert in lending will call you to guide you through the process.

To be eligible for up to $100,000 you’ll require identification details (valid Driver’s License) as well as an active NZBN/IRD, and at least 6 months’ worth of bank statements.

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

$100K – $250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Details of the application, including credit consent as well as 12 months of bank statements, IRD statement Last 2 years’ finalised financial statements, and interim financials for the current financial year as well as Aged Payables and Receivables reports.

How fast will I get an answer?

For an unsecured loan ($5K and up) we typically offer an answer within an hour – as long as you submit your request in quality company hours and you allow us to use the advanced bank verification system to instantly verify your bank information online. If you decide to upload copies of your banking statements , we’ll be able to provide a decision in just 1 business day.

For the Larger Business Loan ($100K up to $500,000) we may be in a position to provide you with a conditional pre-approval within about six hours. Once you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, this can be quicker based on the specifics of each application. Certain offers have been approved in just 24 hours.

The fastest way would be to ensure you apply during standard business hours. You can also allow us to use our advanced bank verification system to instantly confirm your bank details online. If you decide to send us duplicates of your banking accounts, it will take a little longer.

How quickly will I receive the funds?

For the Small Business Loan ($5K or more) we typically offer an answer within one hour if you submit your request during standard business times and allow us to use the advanced bank verification system link to instantly verify your bank details online. If you choose to submit copies of your bank statements we can provide the decision in just an business day.

If you are applying for Larger Business Loans ($100K to $500K) we could be likely to provide the conditional pre-approval in around six hours. Once you have signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, it could be faster based on the circumstances of each application. Certain transactions have received approval within 24 hours.

The fastest way can be make sure you apply during normal business hours. You can also allow us to use the sophisticated bank verification to instantly verify your bank information online. If you opt to upload copies of your bank statements it may take a bit longer.

How much can I borrow?

We provide loans ranging from $5,000 to $500,000. If you apply for a certain amount, we will consider a number of elements to determine what is the well-being of the business and the level of the repayments your company will be able to support. The amount you receive from the loan will be determined by the specific circumstances of your business.

When you make an application for a set amount, we take into consideration a variety of aspects to determine the well-being of your company as well as the amount of repayments your company can afford. The total amount of your loan will depend on the specific circumstances of your company.

Fees & repayments

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

If you decide to request our business loan, we’ll assess the risk profile the business and provide you with a customised offer that includes loan amount, term and interest rates. A business loan is an upfront-priced loan and you’ll be aware in advance of the total amount due, which includes any charges or interest.

What is the factor that determines the price I will be charged?

Business loan interest rates depend on a variety of variables like the amount to be borrowed, what business assets the funds are used to purchase and the sector the business is in, how long the company has been operating and how long the company has sufficient cash flow to cover the loan, and overall health as well as creditworthiness company.

What are the charges?

There aren’t any hidden costs with our business loans. You’ll know exactly how much you’ll need to pay and when, from the first day. There’s no compounding interest, and the loan comes with no additional fees (as as you make your payments on time).

We do not charge an application fee. You are able to apply for a loan with no upfront cost or the obligation to take action.

The Origination Fee covers the expenses involved with setting up and managing the loan. The only way to pay this fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the amount of loan.

Can I pay off the loan early?

You can decide to repay all of your loan in full at any time.

If you choose to take this route, please speak to our friendly business lending experts. The experts will offer you with details on repayment as well as an early payout amount. The figure will be calculated as the sum of the principal remaining and any accrued interest at the time of early payment plus 1.5% of the principal remaining plus any outstanding fees.

What are the repayment methods?

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

Security & privacy

Will my data be secure?

Making sure that your information is secure, and being clear about the ways we gather the information we collect, use, share and secure your information, is of huge importance and is a crucial part of our relationship you.

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

Yes. We employ industry-recognised encryption techniques to protect your sensitive, personal and financial data and our funders are ISO 27001 certified for our dedication to protecting the security of clients and security. We use an advanced bank verification system link to instantly verify your bank account details online, allowing us to provide rapid response.

About business loans

What’s an asset-based borrow (a secured loan)?

Asset-based borrowing is when the company owner utilises an asset they own to make the loan. The asset may be a personal asset like the family home or a company asset like a truck or piece of equipment.

The majority of lending institutions, even the major banks, prefer to guarantee loans against assets. If you’re having trouble paying back the loan, then your asset may be transferred to the lender. In essence, it’s a way of securing new financing using the worth of the asset you already have.

Do I need security to secure a business loan?

For loans that exceed $150K, it is not necessary to secure assets upfront to access the money However, we do require the personal guarantee. As long as you follow your loan commitments (as specified in the loan contract) Asset security will never be needed. For loans of over $150K typically, you will need the option of a personal ensure and security in the form of a charge over assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction websites and auction houses
  • Debt purchasers & debt collection agencies
  • Direct marketing including telemarketing, fundraising, mail order, direct-mail etc.
  • Financial institutions & lenders
  • {Firearm related businesses
  • Foreign currency exchange offerings
  • Freight forwarding and customs clearing houses
  • Anything gambling related
  • Non-profit organisationsincluding charities, churches etc
  • Smash repairers & panel beaters
  • Pawnbrokers & pawn shops
  • Property developers
  • Investment business, shares & stockbrokers
  • Tattoo palours
  • Ride sharing or taxi services
  • Entertainment sales & ticket resellers
  • Towing services
  • Secondhand car companies
  • Vehicle glass tintingcompanies
  • Automotive dismantlers

We can’t assist with an unsecure business loan in these types of industries, we may be able to assist you by providing an secured business loan.

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Unsecured Business Loans

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1300 931 913