A St Lucia unsecured business loan is simple and quick to apply for. Request a quick approval and begin using the money to grow your company.
What you can expect:
The conditions for eligibility for an unsecured business loan in St Lucia are fairly minimal.
Call Now 1300 931 913Requesting the company loan for business in St Lucia with us is easy and takes just less than a minute, with no piles of paperwork or long waits.
Approved and receive funds within 1 to 2 business days.
We want to assist St Lucia businesses of all kinds, including medium, small and even solopreneurs to access money quickly, so that they can use the loan to expand and grow.
The requirements for obtaining an unsecured business loan in St Lucia of between $5K and $100K is fairly low.
Do you require more money? Check out the guidelines for eligibility for our $100K-$500K business credit.
The criteria for eligibility to be eligible for larger St Lucia business loans of between $100K to $500K comprise:
Are you looking for a lower amount of funding? Take a look at the eligibility requirements for our $5K-$100K St Lucia unsecured business loans.
A St Lucia unsecured loan is perfect for virtually every company need. Contact us now.
Want to get started on one of these projects as soon as tomorrow? Get in touch with us or send your application online to apply the fastest, most convenient way.
All that is needed to begin is your contact information (company name, your name, email address and telephone) along with the amount you want to borrow, and your monthly revenue.
During the process and before settlement we will require confirmation of who you are, however, not in order to begin:
After we start when it comes to loans that exceed $150,000, you’ll need the following financial statements:
Let’s get started.
With traditional and bank lenders tightening credit conditions and the constant stream of non-bank and alternative loan providers that are entering the market provides a great resource for you to access.
St Lucia SME’s are now in a position to obtain finance via alternate lenders servicing St Lucia who are focused on facilitating business expansion or smoothing out cash flow issues. In the past, personal credit sources (drawing equity from a house loan or credit cards in addition to personal loans and overdrafts) were the only alternative funding solutions within St Lucia that were around.
There is now no requirement for you to depend on the real estate market to secure business loans. With an unsecured loan business funding is made simple. Instead of a term loan through banks, business finance for an SME with interest rates and loan terms that help with cash flow are available as business lending options.
There are many benefits in separating personal from business debt.
Limit your exposure, make your tax time more simple, apply for an unsecure loan for business, apply today.
One big drawcard for keeping your personal and business assets separate can be that your house isn’t tied to allow access to the funds. If you’re looking for a small business loan in St Lucia up to $100K an asset security agreement will not be required as long as the borrower is able to meet the loan requirements.
Businesses are in a more stable long-term position when they have a good credit or debt ability to service.
It is important to separate personal from business finances makes it significantly more seamless when it comes to tax time - particularly when determining the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has outlined the rules on the evidence required in order to deduct deductions from the tax return of a company. This is an area the IRD have specifically advised on.
A well-organised cash flow management system is vital to the long-term success for any company. Through keeping personal and company finances distinct, companies can easily view how they are performing, monitor and plan on the ability to effectively evaluate their cash flow situation.
St Lucia unsecured loans provides the range of $5,000 to $100,000. The terms range between 3 and 24 months, cash flow friendly repayments which can be made daily or weekly.
Apply for your Small Business Loan in under 10 minutes online or by phone. You will receive an immediate response, and the funds could be on your account within 24 hours. Traditional company loans refer to an interest rate per annum plus other fees and charges. Our business loan is a cash-based loan and you’ll know in advance the total amount due, which includes any fees, interest or charges. Then, it is divided into a daily or weekly installment amount.
It is a Small Business Loan can be used for virtually any company reason, such as managing cash flows, business renovations, marketing to purchase inventory or new equipment, for general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help company expansion opportunities. Loans range between $100,000 and $500,000 with a term fixed that can last up to 36 months. Repayments are either weekly or fortnightly to work with you cashflow.
A Larger Business Loan has an Origination Fee that is calculated at 2.5 percentage of the loan amount.
In order to be eligible for a loan in this amount, your company needs to be in operation for at least 3 years, and have an annual income of $700,000. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.
A large business loan can be used to fund almost every company reason, such as company remodeling, buying equipment or inventory, as general working capital and so much more. The loan is not available for personal purposes.
Asset security is needed to access funding over $150,000. This can be done as a result of an charge on assets and can include the registration of this in the PPSR or filing a caveat.
A personal or director’s guarantee is a guarantee to pay off a credit line that is generally based rather than specifying the security of a specific asset. The person signing the guarantee is personally liable in the event that the business the borrower fails to pay back the debt.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including items or assets). The PPSR allows preference over private property assigned depending on the date that a security interest that is registered.
Caveats are legal form of document to provide notice of a legal claim to a property.
When you’re applying for an enterprise loan that is greater than $250,000 we may be able to provide an initial pre-approval that will help smooth out the process. It is possible to do this without a credit check and within 6 hours of your initial application. The pre-approval process is based on an initial assessment, which involves the answer to a series of financial well-being checks. It’s neither an offer nor a guarantee of finance. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you receive could be based on different terms.
You can apply for an company loan if you;
The application process is simple and simple. Simply complete the online form in few minutes and a dedicated business expert in lending will contact you to guide you through the process.
For a loan of up to $100,000 you’ll need proof of identity (valid Driver’s License) as well as an active NZBN/IRD, and at least six months of bank statements.
For larger loan sizes, you’ll require:
$100K – $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, and interim financials from the current financial year including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K up to $100,000) we typically offer a response in one hour – as long as you apply in standard company times and permit us to utilise the advanced bank verification system to immediately verify your bank account information online. If you opt to upload copies of your banking statement, we’ll offer an answer within an business day.
For the Larger Business Loan ($100K or more) we might be in a position to offer you with a conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Some agreements have been approved in just 24 hours.
The quickest way to apply is to make sure you apply during standard company hours. Also, let us use the advanced bank verification system to instantly verify your bank account information online. If you decide to upload duplicates of your banking statements it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often provide a response in one hour – provided you make your application during standard business timings and let us use the advanced bank verification system to immediately verify your bank account information online. If you opt to submit copies of your bank statements, we will be able to offer an answer in as little as 1 business day.
For the Larger Business Loans ($100K up to $500,000) We may be capable of offer the conditional pre-approval within about 6 hours. Once you’ve signed your pre-approval, the turnaround time is about 2-3 days for final approval. However, this may be quicker depending on the particular circumstances of each application. Certain offers have been approved in just 24 hours.
The fastest way would be to ensure you apply during normal business hours. You can also allow us to use the advance bank verification link to confirm your bank details online. If you decide to send us documents from your account statement, it takes a bit longer.
We provide loans that range from $5,000 to $500,000. When you make an application for a particular amount, we look at a variety of factors to determine the well-being of the company and the extent of payments your company is able to afford. The total amount of the loan will be determined by the specific circumstances of your company.
When you make an application for a specific amount we take into consideration a variety of aspects to assess your health of your company and the extent of repayments your business can support. The total amount of your loan will be determined by the particulars that are unique to your company.
If you decide to apply for business loans with us company financing, we will assess the risk profile the business and offer you with a tailored offer, including the loan amount, the terms and the interest rates. A company loan is a loan that is priced upfront so you will be aware in advance of the total amount you will have to pay, including charges, interest rates or fees.
Interest rates for business loans rates depend on several factors such as the amount that is of money borrowed, the business assets the funds will be used for, the industry the company operates in, how long the company is in operation for, what percentage of the business has enough cash flow to support the loan, and also the overall well-being or financial standing of the company.
There are no hidden fees for our business loans, and you’ll know exactly how much it is that you be required to pay, and when, starting from day one. There’s no compounding and the loan comes with no additional fees (as long as you are able to make your payments in time).
We do not charge an application fee. You are able to make an application for loans with with no upfront cost or any obligation to sign up.
The Origination Fee includes the expenses associated in establishing and managing the loan. The only way to pay this fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the loan amount.
You can choose to repay all of your loan in full at any time.
If you do decide to do this please talk to one of our helpful company credit professionals. We will provide you with repayment details and an early payout figure. This is calculated as the sum of the principal amount remaining and any accrued interest at the date of early payout plus 1.5% of the principal remaining and any outstanding fees.
To help you avoid missing due dates and also to be in line with your cash flow cycle we offer repayments either weekly or daily. These are automatically withdrawn from your company account.
Making sure that your information is secure, and knowing the ways we gather, use, exchange and safeguard your data, is vital and an integral part of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your personal, sensitive and financial data and our funders are ISO 27001 qualified for our commitment to the security of our customers as well as their privacy. We employ a highly sophisticated bank verification system link to immediately verify your bank account details online. This allows us to provide quick responses.
Asset-based borrowing is when an business owner borrows from assets they own to secure the loan. The asset could be an asset belonging to the personal, like the family home or a company property like a truck or piece of equipment.
The majority of the lenders not just the largest banks, are inclined to guarantee loans against an asset. If you’re struggling to pay back the loan, your asset may be sold by the lender. In essence, it is the process of securing new financing making use of the value of what you already have.
For loans of up to $150K, no asset security is required in advance to gain access to the funds but we require a personal guarantee. need the personal guarantee. As long as you follow the loan terms (as detailed in your loan contract document), asset security is not needed. For loans over $150,000 generally there is personal ensure and security that is in the form a charge over assets.
We can’t assist with an unsecured business loan for the above industries, we might be able to assist by providing a secured business loan.
