A Raceview unsecured business loan is easy and quick to get. Apply for a loan quickly and begin using the money to grow your company.
What you can expect:
The criteria for eligibility for an unsecured business loan to be made in Raceview are fairly minimal.
Call Now 1300 931 913Requesting the business loan within Raceview with us is easy and takes only some minutes, without lengthy forms or lines.
Get approved and receive your funds within 1 – 2 business days.
We want to assist Raceview companies of all kinds, including medium, small and even soloprenuers to get access to quick funding so that they can utilise the loan to expand and grow.
The eligibility requirements for an unsecured business loan in Raceview of between $5K and $100K are fairly minimal.
Do you require more money? Find out the conditions of eligibility for our $100K-$500K company financing.
The criteria for eligibility for the larger Raceview business loans of between $100K and $500K are:
Looking for a smaller amount of funding? Find out the eligibility requirements for our $5K-$100K Raceview unsecured company loans.
A Raceview unsecured loan is perfect for almost every company reason. Get in touch with us today.
Do you want to begin one of these options as early as tomorrow? So, contact us today or send an application online to get the fastest and most efficient process.
All you need to get started is your contact information (company name, your name, email address or phone number) as well as the amount you’d like to borrow and your monthly income.
Through the process and before settlement we will require confirmation of who you are, however, not in order to begin:
Additionally after we get started with loans greater than $150,000 you will also require fundamental financial statements:
Let’s get started.
In the wake of traditional lenders and banks restricting credit as well as the continuous stream of alternative and non-bank loan providers that are entering the market offers an excellent source to tap into.
Raceview SME’s are now able to access finance through alternative lenders who service Raceview who are focused on enabling business expansion or smoothing cash flow challenges. In the past the personal sources of credit (drawing equity from a house loan, or by using credit cards or personal loans, as well as loans) provided the most viable alternative financing services in Raceview that were available.
There’s no need of having to rely on the real estate market to secure company loans. With an unsecured loan, business financing is easy. Instead of a traditional term loan from banks, business finance for an SME with interest rates and loan terms that can help to manage cash flow are available as business loans.
There are substantial benefits associated by separating personal and business debt.
Limit your exposure, and make tax times more simple, apply for an unsecure company loan. Make an application today.
One of the main benefits of keeping your business and personal company assets apart can be that your home isn’t tied for access to the money. For a modest business loan within Raceview up to $100K an asset security agreement will not be needed as long as the borrower fulfills their loan obligations.
Companies are in a advantageous long-term situation if they have a good credit or debt capacity to pay.
It is crucial to separate personal from company finances makes it significantly more seamless when it comes to tax time, particularly when identifying what is the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has laid out requirements for evidence for claiming deductions on an individual’s tax return. This is an area that the IRD has advised specifically on.
A well-organised cash flow management system is key for the long-term viability for any business. Through maintaining personal as well as business finances distinct, businesses can easily view, monitor and plan based on the ability to effectively assess their cash flow position.
Raceview unsecured loans offers amounts between $5,000 and $100,000 with terms between 3 and 24 months, cash flow friendly repayments that are either daily or weekly.
Apply to get this Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive an immediate response, and have the funds available in just 24 hours. Traditional business loans have an annual interest rate along with other charges and fees. Our company loan is a loan that is priced upfront so you will know in advance the amount you will have to pay, including any fees, charges or charges. Then, it is divided into weekly or daily repayment figure.
The Small Business Loan can be used for almost any company purpose including the management of cash flow, company remodels and marketing to purchase inventory, new equipment, as general working capital and much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of up to 36 months. The repayments are made weekly or fortnightly depending on you cashflow.
It is important to note that the Larger Business Loan has an Origination Fee, which is calculated at 2.5% of the amount of the loan.
To be eligible for a loan in this amount, your business needs to have been operating for at least three years and have an annual turnover of $700,000. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand company (with a valid NZBN/IRD) and be able to prove at least 12 months of trading.
A Business Loan of a larger size can be used for almost any company purpose including company renovations, purchase of inventory or new equipment or as general working capital, and much more. The loan cannot be used for personal purposes.
Asset security is necessary to obtain funding above $150,000. It’s by taking a charge against assets, and could be registered in the PPSR or the registration of as a caveat.
A director’s or personal ensure is a guarantee to pay off a credit line that is generally in nature rather than defining security over an asset. The person who signs the guarantee is personally liable if the business borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including the assets or goods). The PPSR grants preference over private property assigned according to the date the security interest has been registered.
Caveats are legal document that is filed to offer the public notice of a legal claim on a property.
When you’re applying for larger business loans of $250,000 or more we can offer an initial pre-approval to smooth out the process. It is possible to apply for this without a credit check, and within 6 hours of the initial application. This pre-approval is based on a preliminary assessment which includes the answer to a series of financial health checks. It is not an offer or guarantee of credit. Acceptance without condition is subject to an extensive credit evaluation and any offer you may receive may be on different conditions.
You may be eligible for a business loan if you
The process for applying is fast and simple. Just complete the online application in few minutes and an experienced company loan specialist will contact you to help you.
To be eligible for up to $100,000 you’ll require the right identification documents (valid Driver’s Licence) and a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll need:
$100K to $250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K-$500K: Details of the application, including credit consent, 12 months of bank records, IRD statement and the last two years’ finalised financial statements, as well as interim financial statements for the current year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K and up) we can often offer a response in one hour, provided you make your application in standard company time and you allow us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you choose to upload copies of your bank statements we can offer the decision within just an business day.
For Larger Business Loans ($100K or more) we could be in a position to offer you with a conditional pre-approval within six hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Certain offers have been approved in less than 24 hours.
The quickest way to apply is to make sure you apply during normal company hours. You can also allow us to use our advanced bank verification system link to check your bank’s information online. If you opt to upload duplicates of your banking statements it may take a bit longer.
For the Small Business Loan ($5K and up) We can usually provide a response in one hour – provided you apply during normal business times and allow us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you decide to upload copies of your banking statements, we are able to provide an answer in just 1 business day.
If you are applying for Larger Business Loans ($100K or more) we could be likely to provide you with a conditional pre-approval in about six hours. Once you’ve signed your pre-approval, turnaround times are about 2-3 days for final approval, however this can be faster depending upon the circumstances for each application. Certain deals have been approved within 24 hours.
The fastest way is to ensure you apply during normal business hours. Also, allow us to use the sophisticated bank verification link to verify your bank account information online. If you send us copies of your bank statements it may take a bit longer.
We offer loans that range from $5,000 and $500,000. When you make an application for a certain amount, we will consider a number of variables to determine the well-being that is your company as well as the amount of payments your business can support. The amount you receive from the loan will be determined by the particular circumstances the business.
When you make an application for a certain amount, we consider a variety of variables to assess the well-being of the business and the amount of the repayments your business will be able to support. The total amount of your loan will be contingent on the particulars of your business.
When you request our business credit, we will assess the risk assessment for your company and offer you with a customised offer, including the amount of loan, the term and the interest rates. A company loan is an upfront priced loan therefore you will be aware of the total amount to be paid, including any costs, fees, or interest rates.
Interest rates for business loans rates depend on a variety of factors including the amount of money borrowed, the business assets the funds are used to purchase as well as the field the business operates in, how long the business has been operating as well as how long the business has enough cash flow to fund the loan, and general health and creditworthiness of the company.
There are no hidden costs with our business loans, and you’ll know precisely what you need to pay and when, right from the day you sign up. There’s not any compounding interest and no extra fees (as long as you are able to make your payments punctually).
We do not charge an application fee. You can request a credit loan with no upfront cost or any obligation to sign up.
The Origination Fee is the cost associated with setting up and managing the loan. The only way to pay this fee if you proceed with the loan. Our Origination Fee is 2.5% of the amount of loan.
You may choose to pay back the total amount of your loan in full at any time.
If you are deciding to take this route, please speak to our friendly company loans specialists. They’ll provide you with details for repayment and an early payout figure. The figure will be calculated as the total of the principal balance and any accrued interest at the date of early payout plus 1.5% of the remaining principal and any fees that remain unpaid.
In order to help you avoid missing payment dates and to align with your cash flow routine, we offer repayments that are either daily or weekly. These are automatically withdrawn from the nominated company account.
Protecting your information, and being clear about the ways we gather the information we collect, use, share and safeguard your data, is crucial and an integral part of our relationship you.
Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal financial information and our funders are ISO 27001 qualified for our dedication to protecting the security of customers and privacy. We employ a highly sophisticated bank verification system to instantly verify the bank account details online. This allows us to offer rapid response.
Asset-based borrowing occurs when the company owner makes use of an asset that they own to obtain the funding. The asset may be an individual property, such as the family home or a business asset such as a vehicle or other piece of machinery.
The majority of banks, including the major banks, prefer to guarantee loans against assets. If you’re having trouble paying back the loan, then the asset might be offered for sale by the lender. In essence, it is a way of securing new financing using the worth of the asset you already own.
For loans of up to $150K, there is no requirement for asset security upfront to access the money, however we do require the personal guarantee. In the event that you fulfill the loan terms (as stated in the loan contract) Asset security will never be required. For loans that exceed $150,000, generally, there is the option of a personal guarantee and security is provided in the form of the charge of assets.
We can’t assist with an unsecured business loan for those industries, we might be able to assist you with an secured business loan.
