Unsecured Business Loans Runcorn QLD

By This Tomorrow You Could Be All Set For Success With a Runcorn Business Loan

Unsecured Business Loans Runcorn

A Runcorn unsecured business loan is quick and simple in applying for. Approve your loan in a matter of minutes and use the money to grow your business.

  • Would extra funds help your company by allowing you to work capital or to take advantage of an opportunity to grow?
  • What is the financing strategy you are using to fund your company requirements?

What to expect:

  • It’s easy to apply and be approved for funds as soon as tomorrow
  • There is no option to remittances in the first four weeks
  • Borrow from $5k to $500K
  • Terms from 3 to 36 months
  • Competitive rates of interest rates
  • Minimal documentation required

The criteria for eligibility for an unsecured business loan in Runcorn are fairly minimal.

Call Now 1300 931 913
I'm now able fund the remodel of our brand modern Runcorn resturant without having to pull cash from the other resturants.
Runcorn Resturant Owner
I can get my tax back on track.
Small Business Owner
A straightforward loan application process with a generous borrowing limit, minimal requirements for credit, and no need to provide a business plan. Stop using your personal credit card or company credit cards as a way to finance your company.
Unsecured Loans Made Simple
Business loans, specifically those that are unsecured business loan or line of credit to business financing need never be an difficult process. Business finance can be in the form of small business loans with an interest rates and repayment term that will suit the requirements of your company cash flow.
Business Lenders for Business Goals
I can now take a holiday knowing the Runcorn business will run effortlessly.
Local Business Owner
Business loans with interest rates and repayment terms and flexible repayment options that can be tailored to you business requirements.
Business Lending Options
I'm now able make coffee for my clients using the very best equipment.
Cafe Owner
I'm now able hire an experienced marketer to help me help me take my company to the next stage.
Growing Runcorn Business
Unsecured Business Loan Service Provider

Fast Approval Process

Requesting an company credit in Runcorn with us is easy and takes just some minutes, without lengthy forms or lines.

Receive approval and 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 Runcorn businesses of all kinds, from small to medium-sized soloprenuers to get access to quick funding so that they can take advantage of loans to expand and grow.

  • It starts with an easy online application, or phone call
  • Flexible terms for repayment to fit your business
  • Quick funding in a day or two days
  • A team of people who want you and your business to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • A minimum of six months in business
  • At least $6,000 of revenue per month
  • You must be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for proof of identity
  • Use a New Zealand bank as your main trading account
  • Bank statements for the last six months

Looking for more funding? Take a look at the eligibility requirements for our $100K to $500K business financing.

Here's How Others Have Benefited

Examples of Business Loans

With the busy Christmas season coming up, a store selling clothing needed working capital to finance additional stock and also benefit from discounts from suppliers. They took out a loan of $20K over a period of 12 months with no security for assets and received the funds in less than 24 hours.
Clothing Store
An interior designer saw an opportunity to grow their company and needed working capital to finance the expansion. With a monthly income of $300K, they took out a loan of $250K for 24 months. Turnaround time for them was just two days, and all they had to provide the required documents were twelve months' bank statement, IRD confirmation, and their trust deed.
Interior Designer
A plumber who has been in business for three years with $80K in monthly sales was looking for more funding. They borrowed $153K over the course of 36 months. All that was required to be provided was 12 month bank statement and confirmation of the loan's status with IRD. The process was completed within an hour and the plumber had their extra working capital available in their account within a short time.
Plumber
A gym that had been operating for over three years, was planning to expand and needed additional equipment. With an average monthly revenue of $37K they borrowed $72K over a 24- month period. No security was needed and the loan was ready to go in 24 hours.
Gym
The owner of a tiny grocery store that earned $70K per month borrowed $76K over a 24 month period with no repayments for the first four weeks. This was contingent on 12 months of bank statements. The turn around time was 6 hours from the moment you applied to receiving the funds.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Runcorn Business Loan Eligibility Criteria

The criteria to be eligible to be eligible for the larger Runcorn company loans of between $100K and $500K are:

  • Minimum of 3 year’s experience in business
  • At least $700K in annual income
  • Be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for identification
  • Have a New Zealand bank as your principal trading account
  • Bank statements from the past six months
  • Some financial statements like Profit & Loss and the Aged Accounts Payable and Receivable

Looking for a smaller amount of funds? Take a look at the eligibility requirements for our $5K to $100K Runcorn unsecured company loans.

Business Lending for a Cash Injection

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

A Runcorn unsecured loan is perfect for nearly every business need. Talk to us today.

  • Expand or renovate a commercial premises
  • Staff expansion for busy periods
  • Boost stock quantities to keep pace with demand
  • Build a new website or improve your marketing
  • Put money into new equipment, tools or new technologies
  • Make sure you have extra stock on hand to meet seasonal demand
  • Manage cash flow fluctuations
  • And many more …

Are you looking to start one of these idea as quickly as tomorrow? Then 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’s required for starting is your contact information (the name of your company and your name, as well as email and telephone) as well as the amount you’d like to borrow, and your monthly earnings.

In the course of the process and before settlement we will need confirmation of who you are but not to get started:

  • Information on Idenfication (valid Driver’s License)
  • Business information including trading times, ownership details , and the NZBN (New Zealand Business Number)

After we start in the process, for loans of more than $150,000 you’ll require 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 small grocery store doing $70K a month borrowed $76K over a 24 month term , without making any repayments for the first four weeks. This was contingent on 12 months of bank statements. The turnaround time was only 6 hours from the time of application until receiving the funds.
Grocery Store Small Business Loan
The owner of a restaurant wanted to open a second establishment and needed funding to installation. Their bank was not willing to help. The average monthly income for them was $50K. They were able to get a loan of $66K for 24 months. The turnaround time was 8 hours.
Restaurant Owner
A designer for interiors had seen an opportunity to grow their company and required working capital to finance the growth. With a monthly revenue of $300K they took out a loan of $250K for 24 months. Turnaround time for them was just 2 days and all they needed for them to present is 12 months' worth of Bank statements IRD confirmation, IRD confirmation and trust deed.
Interior Designer
Acquiring a pizza restaurant and two liquor stores six to 12 months earlier, the new owners were looking for additional funds. The combined revenue was over $500K per month and they could have borrowed $300K and split it into $100K for each store using a mix of 24 and 36 months. There was no security on the owners' homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
With the busy Christmas season nearing, a clothing store required additional working capital to buy more stock and also benefit from discounts from suppliers. They secured $20K over the course of 12 months, with no collateral for their assets, and they had the funds in less than 24 hours.
Clothing Store

Unsecured Business Loan Runcorn QLD 4113

The lending landscape has changed

In the wake of traditional lenders and banks tightening their credit terms and the constant stream of alternative and non-bank loan providers entering the market offers a great resource to access.

Runcorn SME’s are now in a position to obtain finance via alternative lenders who service Runcorn who are focused on facilitating business growth or smoothing out the cash flow problems. In the past, when personal credit sources (drawing equity from the home loan, or by using credit cards or personal loans, as well as loans) could be the best alternative financing solutions available in Runcorn that were available.

There’s not a requirement for you to depend on real estate to secure company credit. With an unsecured loan, business funding is simple. Instead of a term loan with banks, business finance for an SME with interest rates and loan terms that can help with cash flow are available as business loans.

 

 

High level summary

Separate personal and business debt

There are numerous benefits in separating personal from business debt.

  • Your home or other investments, aren’t tied up to allow access to funds
  • This business has a better position to establish its own credit history
  • It is significantly more seamless for tax time
  • Companies can quickly view their cash flow, monitor and plan based on the ability to clearly determine their cash flow position

Reduce your risk, make your tax time more simple, apply for an unsecured busines loan. Make an application today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your personal and company assets apart will be the fact that your house isn’t required to be tied to allow access to the funds. If you’re looking for a small business loan within Runcorn up to $100K, asset security will not be required so long as the borrower fulfills their loan obligations.

Credit history

Businesses are in a more favourable long-term financial position if they can demonstrate good credit/debt capacity to pay.

Tax

Separating personal and company finances makes it more straightforward when it comes to tax time - particularly when determining what is the tax-deductible allocation. The IRD has laid out requirements for evidence in order to deduct deductions from an individual’s tax return. This is a subject that the IRD have specifically advised on.

Cash flow

Effective cash flow management is key for the long-term viability that of any business. By maintaining personal as well as business finance separate, companies can easily view their cash flow, plan and monitor it based on the ability to effectively examine their cash flow.

I'm now able to go on vacation knowing that the Runcorn business will run smoothly.
Local Business Owner
Business loans, in particular an unsecured business loan or line of credit for business funding need to not become a tense process. Business finance in the form in the form of small business loans that have an interest rate cost, and with a repayment period which is compatible with the needs of your company liquidity.
Business Lenders for Business Goals
I can now make espresso for customers using the best equipment.
Cafe Owner
An easy loan application process with a huge loan limit, with minimal credit criteria and there is no requirement to submit a business plan. Do not use your personal credit card or company credit cards in order to finance your business.
Unsecured Loans Made Simple
I'm able to get my taxes back in order.
Small Business Owner
Business credit rates and repayment terms and flexible repayment options that can be tailored to you company needs.
Business Lending Options
I can now hire an experienced marketer to help me increase the success of my business to the next level of business growth.
Growing Business
I can now fund the construction of our newly constructed Runcorn resturant without having to take cash from other ones.
Runcorn Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Runcorn Small Business Loans

Tell me what you think of the Runcorn Small Business Loans

Runcorn unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 month and cash flow-friendly repayments that are either daily or weekly.

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

It is imaginable to apply to your Small Business Loan in under 10 minutes over the phone. You’ll get an immediate response, and the money could be in your account within 24 hours. Traditional business loans refer to an interest rate per annum as well as other fees and charges. This company loan is a cash-based loan and you’ll be aware of the amount you will have to pay, including any interest, fees or charges. This is then broken down into a daily or weekly payment amount.

What can the Small Business Loan be used for?

A Small Business Loan can be used to fulfill almost any company use, including the management of cash flow, company remodels and marketing to purchase inventory, new equipment, to fund general working capital and so much more. The loan cannot be used for personal purposes.

Concerning Larger Runcorn Business Loans

What is the Larger Runcorn Business Loan?

The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans are between $100,000 and $500,000 with a fixed-term with a maximum of 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate the flow of cash.

How is the Origination Fee determined?

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

Am I eligible for the Larger Business Loan?

To be eligible for a credit in this amount, your company needs to be operating for at least three years, and have an annual income of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) over 18 years, own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.

What can I use the funding for?

A larger business loan can be used to fund almost every business use, including company renovations, to purchase inventory or new equipment or as general working capital, and much more. The loan is not available for personal purposes.

Is the Larger Business Loan one that is secured?

Asset security is necessary for funding of more than $150,000. It is usually by way of charge over assets, and may include registering this in the PPSR or filing a caveat.

A personal or director’s ensure is a guarantee to pay back a loan that is general in nature rather than defining the security for a particular asset. The person signing the ensure is personally liable in the event that the company borrower is unable to pay back the debt.

The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including the assets or goods). The PPSR gives priority over personal property to be assigned depending on the date that a security interest was registered.

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

What is a pre-approval minus Credit Check?

If you’re seeking an enterprise loan that exceeds $250K it is possible to offer a preliminary pre-approval to help ease the process. We could be able to make this decision without a credit check, and within six hours of your initial application. The pre-approval process is based on a preliminary assessment which includes answering a couple of financial health questions. It’s not an offer or guarantee of funds. A conditional approval is subject an assessment of your creditworthiness and any offer that you are offered could have different conditions.

The application process

Do I qualify for funds?

You may be eligible for an business loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are at least 18 years old, have a New Zealand business (with a valid NZBN/IRD)
  • must show at least six months’ worth of transactions (for you to qualify for unsecured loan $5K – $100K) or 3 years of trading (for the Larger Business Loan $100K to $500K)

How do I apply?

The process for applying is fast and simple. Complete the online form in few minutes and a dedicated business expert in lending will call you to assist you.

To be eligible for up to $100,000 you’ll require identification details (valid Driver’s Licence) and a valid NZBN/IRD and at least six months of bank statements.

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

$100K-$250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Details for application including credit consent, 12 months of bank statements, IRD statement, last 2 years finalised financial statements, as well as interim current financial year financials as well as Aged Payables and Receivables summary.

What speed will I be able to get an answer?

For an unsecured loan ($5K and up) We can usually provide an answer within one hour if you make your application at quality company timings and permit us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you choose to send us copies of your bank statements we can provide a decision in as little as one company day.

If you are applying for a Larger Business Loan ($100K to $500K) we could be capable of offer you with a conditional pre-approval within about six hours. Once you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, it could be faster based on the particular circumstances of each application. Some transactions have received approval within the space of 24 hours.

The most efficient method would be to ensure you apply during normal business hours, and permit us to use the advanced bank verification system link to check your bank’s information online. If you choose to upload copies of your bank accounts, it can take a bit longer.

What is the time frame to receive the money?

For the Small Business Loan ($5K up to $100,000) we can often provide an answer within an hour, provided you apply in normal business timings and permit us to use the advanced bank verification system to instantly verify your bank’s information online. If you choose to upload copies of your banking statements, we are able to offer the decision within 1 business day.

If you are applying for Larger Business Loans ($100K and up) We may be capable of offer you with pre-approval conditional to your application within about 6 hours. After you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval. However, this may be quicker depending on the circumstances of each application. Some offers have been approved in just 24 hours.

The fastest way is to make sure you apply during normal business hours. You can also let us use the advance bank verification link to instantly verify your bank account information online. If you decide to send us copies of your bank accounts, it will take a little longer.

How much can I borrow?

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

When you submit an application for a specific amount we look at a range of elements to assess the health that is your company and the level of the repayments your company will be able to support. The total amount of your loan will be determined by the specific circumstances that are unique to your company.

Fees & repayments

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

When you request our company loans, we will assess the risk profile of your business and offer you with a customised offer, including the loan amount, the terms and the interest rates. A business loan is an upfront cost loan so you will know in advance the total amount you will have to pay, including interest rates, fees or charges.

What is the basis for the rate I am charged?

Interest rates for company loans rates vary due to factors such as the amount that is borrowed, what business assets the funds are used to purchase as well as the field the business operates in, the long the company has been running for, how long the business has enough cash flow to cover the loan, as well as the overall well-being and creditworthiness of the business.

What are the costs?

There aren’t any hidden charges with our business loans. You’ll be aware of the amount you’ll need to pay and when, from the very first day. 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 are able to make an application for loans with with no upfront cost or commitment to apply.

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

Do I have the option of paying off the loan earlier?

You can choose to repay the total amount of your loan in full at any time.

If you do decide to pursue this option, please call our helpful company loans experts. They’ll offer you with the details of your repayment and an early payment figure. The figure will be calculated as the sum of the principal amount remaining plus any accrued interest as of the time of early payout, plus 1.5 percent of the principal balance and any outstanding fees.

What is the process for repayments?

To help you avoid missing payment dates and to align with your cash flow cycle we provide payments that are either daily or weekly. They are automatically deducted from the nominated business account.

Security & privacy

Will my data be secure?

The security of your personal information, as well as knowing how we collect the information we collect, use, share and ensure the security of your information is vital and is an essential part of our relationship 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 security for our customers and privacy. We make use of an advanced banking verification system to immediately confirm your bank account information online. This allows us to provide rapid response.

About business loans

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

Asset-based borrowing is when the company owner utilises the assets they have to secure the loan. The asset can be a personal asset like the family home or a company property like a truck as well as a piece of machine.

The vast majority of the lenders even the big banks, tend to guarantee loans against an asset. If you’re struggling to pay back the loan, your assets could be offered for sale by the lender. In essence, it’s the process of securing new funding taking advantage of the value of what you already have.

What do I need security for a business loan?

For loans up to $150,000 there is no requirement for asset security in advance to gain access to the funds but we do need a personal guarantee. In the event that you fulfill the terms of your loan (as detailed in your loan contract document) the security of assets will never be needed. For loans over $150K generally, there is a personal ensure and security that is in the form an asset charge.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites or auction houses
  • Debt purchasers or debt collection firms
  • Direct marketing such as fundraising, telemarketing, mail order, direct-mail etc.
  • Finance lenders & institutions
  • {Firearm dealers
  • Foreign currency exchange offerings
  • Freight forwarding and customs clearing houses
  • Business involved with gambling
  • Non-profit organisations such as charities and churches etc
  • Smash repairers & panel beaters
  • Pawnbrokers and pawn shops
  • Property development
  • Shares, stockbrokers & investment businesses
  • Tattoo studios
  • Taxi & ride-sharing services
  • Entertainment sales or ticket resellers
  • Vehicle towing services
  • Used vehicle dealerships
  • Vehicle glass tintingcompanies
  • Car dismantlers

Although we can’t help with an unsecure business loan in those industries, we might be able to assist you by providing 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