Unsecured Business Loans Priestdale QLD

Today, You'll Be On The Right Track To Success With a Priestdale Business Loan

Unsecured Business Loans Priestdale

A Priestdale unsecured business loan is easy and quick to get. Get a quick apporval and begin using the money for your business.

  • Are additional funds able to help your company in working capital, or for the opportunity for growth?
  • What are the best ways to finance your business requirements?

What to expect:

  • Simple process to apply and get approved and the funds will be around as early as tomorrow
  • Optionally no reayments in the initial 4 weeks
  • Borrow from $5k to $500K
  • Terms ranging from 3 to 36 months
  • Competitive rates of interest rates
  • Minimal docs required

The eligibility requirements for an unsecured business loan for a company loan Priestdale are fairly minimal.

Call Now 1300 931 913
I can now fund the remodel of our brand newly constructed Priestdale resturant without having to take cash from other restaurants.
Priestdale Resturant Owner
I can get my tax back in order.
Small Business Owner
A simple loan application process with a large limit on borrowing, no requirements for credit, and there is no need to present a business plan. Do not use your personal credit card and business credit cards to finance your business.
Unsecured Loans Made Simple
Business loans, specifically one that is an unsecured business loan or line of credit for business funding need to not become a tense process. Business finance in the form of small business loans at a fixed interest rate cost, and with a repayment schedule that will suit the needs of your company budget.
Business Lenders for Business Goals
I can now take vacation knowing that my Priestdale company will run smoothly.
Local Business Owner
Business loans with interest rates and repayment terms and flexible repayment options to fit what your business needs.
Business Lending Options
I'm now able make beverages for clients using the very best equipment.
Cafe Owner
I can now hire an specialist marketer to increase the success of my company to the next step.
Growing Priestdale Business
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for business loans in Priestdale business loans in Priestdale with us is simple and only takes a few minutes, no lengthy forms or lines.

Be approved and receive your funds in 1 to 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We are aiming to assist Priestdale businesses of all sorts small, medium even soloprenuers to get access to quick funding so that they can utilise the loan to grow and build.

  • It starts with an easy online application or phone call
  • Flexible repayment terms to meet the requirements of your business
  • Fast cash in just a day or two
  • We want for you as well as your business to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • A minimum of six months in business
  • At least $6,000 in income per month
  • Be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for identification proof
  • Make sure you have a New Zealand bank as your principal account for trading
  • Bank statements from the past 6 months

Need more funds? Check out the conditions of eligibility for our $100K-$500K company financing.

Here's How Other People Have Benefited

Examples of Business Loans

The busy Christmas season was fast approaching, a clothes store required additional working capital to purchase more inventory and to take advantage of discounts from suppliers. They secured $20K over the course of 12 months with no security for assets and received the funds within 24 hours.
Clothing Store
An interior designer saw an opportunity to expand their company and needed working capital in order to finance this growth. With a monthly income of $300K, they borrowed $250K in 24 months. The time to turn around for them was just 2 days and all they needed to present is 12 months' worth of Bank statements IRD confirmation, as well as their trust deed.
Interior Designer
A plumber who has had business for three years and has monthly sales of $80K was in need of more funds. They took out $153K on the course of 36 months. All they needed were 12 months' worth of statements as well as confirmation of the loan's status with IRD. The process was completed within a day and the plumber received their additional working capital in their account in a matter of hours.
Plumber
A gym that had been going for nearly 3 years decided to increase its size and needed additional equipment. With an average monthly revenue of $37K they borrowed $72K over a 24- month period. No security was needed for the loan and it was ready to go 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 with no repayments during the initial 4 weeks. This was contingent on 12 months of bank statements. The turn around time was 6 hours from the time of application until receiving the money.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Priestdale Business Loan Eligibility Criteria

The criteria to be eligible of the larger Priestdale company loans of between $100K to $500K comprise:

  • Minimum of 3 years in business
  • At least $700K in annual income
  • Be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for evidence of identity
  • You should have an account at a New Zealand bank as your primary account for trading
  • Bank statements from the previous six months
  • Some financial statements such and Profit & Loss and the Aged Accounts Payable and Receivable

You are looking for a lesser amount of funding? Find out the guidelines for eligibility for our $5K to $100K Priestdale unsecured company loans.

Business Lending for a Cash Injection

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

A Priestdale unsecured loan is great for almost any business use. Contact us now.

  • Add or remodel commercial spaces
  • Grow the team during busy periods
  • Grow stock levels to meet demand
  • Make a brand new website or improve your marketing
  • Consider investing in new equipment, tools or new technologies
  • Buy extra stock to meet the seasonal demand
  • Control cash flow fluctuations
  • Plus many more …

Do you want to start working on one of these options as early 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 you need to start is your contact details (the name of your company and your name, as well as email or phone number), how much you’d like to lend, and your monthly income.

During the process and before settlement we’ll need confirmation of your identity but not for starting:

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

Once we’ve started in the process, for loans greater than $150,000 you will also need fundamental financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

The owner of a modest 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. Turnaround time was just 6 hours from submitting the application to receiving the funds.
Grocery Store Small Business Loan
A restaurant owner wanted to open another restaurant and needed money to fund the installation. The bank was not interested in helping. The typical monthly income for them was $50K and they were able to borrow $66K over 24 months. Turnaround was only 8 hours.
Restaurant Owner
An interior designer saw an opportunity to expand their company and needed working capital to finance this expansion. With a monthly revenue of $300K they borrowed $250K over the course of 24 months. The time to turn around for them was just 2 days and all they had for them to provide the required documents were twelve months' bank statement IRD confirmation, as well as trust deed.
Interior Designer
After purchasing a pizza place and 2 liquor stores 6-to 12 months ago, the new owners were looking for additional funds. The combined revenue was over $500K per month and they could have borrowed $300K. The loan was split into $100K per store with the option of 24- and 36 month terms. No security over the owners homes was required.
Owner of a Pizza Store & 2 Liquor Stores
With the busy Christmas season nearing, a clothing store required working capital in order to finance additional inventory and to take advantage of a supplier discount. They secured $20K over the course of 12 months without asset security required and had the funds in 24 hours.
Clothing Store

Unsecured Business Loan Priestdale QLD 4127

The lending landscape has changed

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

Priestdale SME’s are now being able to get finance from alternative lenders that service Priestdale who are focused on enabling business expansion or smoothing cash flow challenges. In the past, when private credit options (drawing equity from the home loan or credit cards, personal loans and credit cards) could be the best alternative funding services in Priestdale that were available.

There is now no requirement for you to depend on using real estate to secure company loans. With an unsecured loan business funding is made simple. Instead of a loan for a term with the bank, business finance for an SME with interest rates and loan terms that help with cash flow are around as business lending options.

 

 

High level summary

Separate personal and business debt

There are numerous benefits by separating personal and company debt.

  • Your home or other investmentsaren’t tied for access to funds
  • The business will be in stronger position to create its own, clear credit history
  • It is considerably more straightforward when it comes to tax time
  • Businesses can easily assess, monitor and plan based on being able to clearly examine their cash flow status

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

For those who like the detail

Separate personal and business debt

Risk

One of the main benefits of keeping your individual and company assets separate is that your house isn’t tied to allow access to the funds. If you’re looking for a small business loan in Priestdale up to $100K an asset security agreement will not be required so long as the borrower meets their loan obligations.

Credit history

Companies will be in a advantageous long-term situation if they can demonstrate good credit/debt capacity to pay.

Tax

A separation between personal and company finances makes it significantly more straightforward with regards to tax time, especially when it comes to determining the tax-deductible allocation. The IRD has outlined the requirements for evidence for claiming deductions on a company’s tax return. This is an area where the IRD has advised specifically on.

Cash flow

Effective management of cash flows is essential to the long-term success for any business. By keeping personal and business finance separate, businesses can easily view the situation, track and plan based on their ability to easily assess their cash flow position.

I can now take time off knowing that it is safe knowing that Priestdale company will run without a hitch.
Local Business Owner
Business loans, especially an unsecured unsecured business loan or line of credit for business funding require never be an stressfull process. Business finance is in the form of small business loans that have an interest rates and repayment schedule which is compatible with the needs of your company cash flow.
Business Lenders for Business Goals
I'm now able make coffee for my clients using the best equipment.
Cafe Owner
An easy loan application process with a generous limit on borrowing, no requirements for credit and there is no need to present a business plan. You no longer need to use your personal credit card and business credit card to fund your business.
Unsecured Loans Made Simple
I'm able get my tax back to keep me on track.
Small Business Owner
Business business loans, interest rates and repayment terms, as well as flexible repayment options to meet you company requirements.
Business Lending Options
I'm now able hire an experienced marketer to help me help me take my business to the next level of business growth.
Growing Business
I'm now able fund the remodel of our brand new Priestdale resturant without having to pull cash from the other resturants.
Priestdale Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Priestdale Small Business Loans

Tell me more about Priestdale Small Business Loans

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

What is the Unsecured Loan different from the traditional company loan?

You can apply for the Small Business Loan in under 10 minutes on the phone. You’ll receive an instant response and the money could be in your account in 24 hours. Traditional business loans are based on an interest rate per annum together with additional fees and charges. Our business loan is an upfront priced loan therefore you’ll know in advance the total amount to be paid, including any fees, interest or charges. Then, it is broken down into a daily or weekly repayment figure.

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

It is a Small Business Loan can be used for almost every business purpose including managing cash flows, company renovations, marketing to purchase inventory or new equipment, for general working capital and much more. The loan is not available for personal purposes.

About Larger Priestdale Business Loans

What is the Larger Priestdale Business Loan?

The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans range from $100,000 to $500,000 over a fixed term up to 36 months. The repayments are made weekly or fortnightly depending on the flow of cash.

How is the Origination Fee calculated?

A Larger Business Loan has an Origination Fee, determined at 2.5 percentage of the loan amount.

Am I eligible for the Larger Business Loan?

To qualify for a loan that is this large, your company needs to have been in operation for at least 3 years, and have an annual income of at least $700K. It is necessary to 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 of proving at the least 12 months of operating.

How can the funding be utilised?

A Larger Business Loan can be used to fund almost any business need, including company remodeling, buying inventory or new equipment, as general working capital and much more. The loan cannot be used for personal purposes.

Is the Larger Business Loan one that requires security?

Asset security is necessary to obtain funding above $150,000. This can be done by taking a charge over assets and can include registration in the PPSR or filing a caveat.

A personal or director’s ensure is a promise to pay back a loan that is general in nature, rather than defining the security of a specific asset. The person who signs the guarantee is personally accountable if the business borrower is unable to make the repayment.

The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It reflects security interests that are registered for personal property (including goods or assets). The PPSR permits priority over personal property to be assigned according to the date a security interest that is registered.

Caveats are legal document filed to provide notice of a legal claim to a property.

What is a pre-approval minus Credit Check?

If you’re requesting larger business loans that exceeds $250K, we may offer a preliminary pre-approval to help smooth out the process. We may be able to do this without a credit verification and within 6 hours of your initial application. This pre-approval is based on an initial assessment, which involves you answering some financial well-being questions. This is not an offer of credit or guarantee of finance. Unconditional approval is subject to an extensive credit evaluation and any offer that you may receive may be based on different conditions.

The application process

Can I be eligible for funding?

You can apply for a business loan if you;

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

How do I apply?

The application process is quick and simple. Just complete the online application in just a few minutes, and a dedicated company lending specialist will contact you to guide you.

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

For larger loan sizes, you’ll require:

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

How quickly will I receive an answer?

For an unsecured loan ($5K up to $100,000) we can often provide an answer within one hour, provided you submit your request in standard business times and permit us to utilise the bank verification system link to instantly verify your bank details online. If you want to send us copies of your bank statements , we are able to provide a decision in just the span of one business day.

For the Larger Business Loan ($100K to $500K) we may be capable of provide you with pre-approval conditional to your application within 6 hours. After you’ve signed your pre-approval, the turnaround time is about 2-3 days for final approval, however this may be quicker depending upon the circumstances for each application. Certain offers have been approved within less than 24 hours.

The fastest way can be make sure you apply during standard business hours, and allow us to use our advance bank verification link to check your bank’s information online. If you send us documents from your account accounts, it will take a little longer.

What is the time frame to receive the cash?

For the Small Business Loan ($5K or more) we usually provide a response in one hour – as long as you apply at standard business hours and let us use the bank verification system to instantly verify your bank information online. If you choose to upload copies of your banking statements, we will be able to offer a decision in as little as the span of one business day.

If you are applying for Larger Business Loans ($100K to $500K) We may be able to provide you with conditional pre-approval in about six hours. Once you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval. However, this can be faster depending upon the circumstances for each application. Certain agreements have been approved within just 24 hours.

The most effective method for you to apply is ensure you apply during normal business hours, and allow us to use our sophisticated bank verification link to instantly confirm your bank details online. If you opt to send us duplicates of your banking accounts, it takes a bit longer.

How much can I borrow?

We offer the loan amount between $5,000 and $500,000. When you submit an application for a specific amount we will consider a number of variables to determine how much we can lend you health that is your business and the amount of payments your company can afford. The amount you receive from your loan will depend on the specific circumstances for your business.

If you apply for a specific amount we look at a range of aspects to determine your well-being of your business and the amount of the repayments your business can afford. The amount you receive from your loan will be determined by the specific circumstances for your company.

Fees & repayments

What is the cost for the cost of a business loan?

If you decide to apply for one of our business financing, we’ll assess the risk assessment of your company and offer you with a tailored offer that includes the loan amount, the terms and interest rates. A business loan is an upfront cost loan and you’ll know in advance the total amount payable including any charges, interest rates or fees.

What determines the amount I will be charged?

Business loan interest rates vary due to factors like the amount of money borrowed, the company assets the funds are used to purchase and the sector the business operates in, how long the business has been running as well as in the event that the company has enough cash flow to cover the loan, and overall health and creditworthiness of the business.

What are the cost?

There are no hidden fees with our business loans, and you’ll be aware of the amount it is that you be required to pay, and at what time, from the very first day. There’s no compounding and the loan comes with no additional fees (as as you make your payments punctually).

We do not charge an Application Fee. You can get a cash loan no cost upfront or the obligation to take action.

The Origination Fee covers the expenses involved with setting up and managing the loan. It is only charged for this fee if you proceed with the loan. Our Origination Fee is 2.5% of the amount of the loan.

Can I pay off the loan in advance?

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

If you choose to do this please talk to one of our helpful company credit specialists. We will offer you with details on repayment along with an early payout estimate. This is calculated as the sum of the principal amount remaining and accrued interest to the time of early payment plus 1.5 percent of the principal remaining plus any outstanding fees.

How do repayments work?

To make sure that you don’t miss due dates and also to be in line your cash flow cycle we provide payments that are either weekly or daily. These are automatically withdrawn from your company account.

Security & privacy

Will my information be secure?

Protecting your information, and being clear about the ways we gather the information we collect, use, share and protect your information, is crucial and is a crucial aspect of our relationship with you.

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

Yes. We make use of industry-standard encryption protocols to safeguard your personal, sensitive and financial data and 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 to immediately verify the bank account details online, allowing us to provide an immediate response.

About business loans

What is asset-based borrowing (a secured loan)?

Asset-based borrowing occurs when an company owner utilises the assets they have to make the funds for a loan. The asset may be a personal asset like the family home or an company asset such as a vehicle or piece or equipment.

The majority of lending institutions, not just the major banks, prefer to make loans secured by assets. If you have trouble paying back the loan, your asset may be taken over by the lender. In essence, it’s the process of securing new financing using the worth of the asset you already have.

Should I require security to get a company loan?

Up to $150K in loans it is not necessary to secure assets in advance to gain access to the funds however, we do need a personal guarantee. If you adhere to your loan obligations (as detailed in your loan contract) and you are able to meet your obligations, asset security will never be required. For loans that exceed $150K, generally, you are able to get an individual ensure and security that is in the form a charge over assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites and auction houses
  • Debt collection firms & debt purchasers
  • Direct marketing including fundraising, telemarketing, mail order, direct-mail etc.
  • Financial lenders & institutions
  • {Firearm businesses
  • Foreign currency exchange services
  • Customs clearing houses and freight forwarding
  • Gambling related industries
  • Non-profit organisations, charities, churches etc
  • Smash repairers or panel beaters
  • Pawnbrokers or pawn shops
  • Property development
  • Stockbrokers, shares &invesment businesses
  • Tattoo palours
  • Taxi & ridesharing services
  • Ticket resellers and entertainment sales
  • Tow truck services
  • Used automotive dealerships
  • Car glass tintingcompanies
  • Vehicle wrecking yards

Although we can’t help with an unsecured business loan for these types of industries, we may be able to help you with the 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