Unsecured Business Loans Woody Point QLD

By This Tomorrow You Could Be Getting Ready For Success WithThe Help Of a Woody Point Business Loan

Unsecured Business Loans Woody Point

A Woody Point unsecured business loan is quick and easy to obtain. Request a quick approval and start using the funds in your company.

  • Are additional funds able to help your business by allowing you to work capital or for an opportunity to grow?
  • What is the financing strategy you are using to fund your business requirements?

What you can expect:

  • It’s easy to apply and receive approval and funds as soon as tomorrow
  • No reayments are permitted in the first four weeks
  • Borrow from $5k to $500K
  • Terms ranging from three to thirty-six months
  • Competitive rates of interest rates
  • Minimal documentation needed

The eligibility requirements for an unsecured business loan in Woody Point are fairly minimal.

Call Now 1300 931 913
I'm now able fund the fitout of our new Woody Point resturant without having to take cash from other locations.
Woody Point Resturant Owner
I'm able get my tax back in order.
Small Business Owner
A straightforward loan application process with a generous loan limit, with minimal requirements for credit and no need to create a business plan. Do not use your personal credit card or company credit cards as a way to fund your company.
Unsecured Loans Made Simple
Business loans, in particular an unsecured business loan or line of credit for business funding need not be a stressful process. Business finance is in the form in the form of small business loans at an interest rate and repayment period that is suitable for your business financial needs.
Business Lenders for Business Goals
I am now able to take an extended vacation knowing that it is safe knowing that Woody Point business will run effortlessly.
Local Business Owner
Business business loans, interest rates and repayment conditions, and flexible repayment options that can be tailored to you business requirements.
Business Lending Options
I'm now able make beverages for customers with the very best equipment.
Cafe Owner
I can now hire a marketer to boost my business to the next stage.
Growing Woody Point Business
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for a company loans in Woody Point with us is easy and takes only about a couple of minutes, there are no long lines of paperwork or waiting in line.

Receive approval and funds in 1-2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We are aiming to assist Woody Point companies of all sorts small, medium even solopreneurs access quick funding so that they can use the loan to expand and develop.

  • It all starts with a simple online application or by phone
  • Flexible terms for repayment to fit your business
  • Fast cash in just a day or two
  • A team of people who want for you as well as your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The eligibility requirements for an unsecured business loan in Woody Point of between $5K and $100K are pretty minimal.

  • At least 6 months in business
  • At least $6,000 of revenue per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification proof
  • You should have a New Zealand bank as your main trading account
  • Bank statements from the previous 6 months

Need more funds? Review the conditions of eligibility for our $100K to $500K company credit.

Here's How Others Have Benefited

Examples of Business Loans

With the busy Christmas time approaching, a clothing store required additional working capital to buy more stock and also benefit from discounts offered by suppliers. They secured $20K over the course of 12 months without security for assets and received the funds within 24 hours.
Clothing Store
An interior designer had noticed an opportunity to grow their business and required working capital to finance this expansion. With an annual revenue of $300K they borrowed $250K in 24 months. The turnaround time was just two days, and all they had to present were 12 months worth of banking statements along with IRD confirmation and trust deed.
Interior Designer
A plumber who's operated their business for three years and has the monthly revenue of $80K was in need of more funds. They borrowed $153K over a 36 month term. All that was needed were 12 months' worth of statement and confirmation of the status with IRD. The process was completed in less than just a few hours and the plumber got their extra working capital available in their account in a matter of hours.
Plumber
A gym that had been running for more than three years wanted to grow and required additional equipment. With monthly revenue of $37K they borrowed $72K over a 24 month period. No security was required and the loan was settled within only 24 hours.
Gym
The owner of a modest grocery store making $70K a month borrowed $76K over a 24-month period with no repayments for the first 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 money.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Woody Point Business Loan Eligibility Criteria

The requirements for eligibility in loans from larger Woody Point business loans of between $100K to $500K comprise:

  • Minimum of 3 years trading in business
  • A minimum of $700K annually in revenue
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification
  • You should have an account with a New Zealand bank as your main trading account
  • Bank statements for the last six months
  • Certain financial statements, such as Profit & Loss and the Aged Accounts Payable and Receivable

Do you need a smaller amount of capital? Check out the eligibility requirements for our $5K to $100K Woody Point unsecured company loans.

Business Lending for a Cash Injection

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

A Woody Point unsecured loan is perfect to use for any company use. Contact us now.

  • Expand or renovate a commercial premises
  • Staff expansion during busy periods
  • Boost stock quantities to meet demand
  • Develop a new website, or enhance your marketing
  • Invest in new equipment, tools or the latest technology
  • Buy extra stock to meet the seasonal demand
  • Control cash flow fluctuations
  • And many more …

Are you looking to start one of these options as early as tomorrow? Contact us or apply online now for the quickjest fasted way.

Quick application checklist

What do you need to apply

All that is needed to begin is your contact information (the name of your company and your name, as well as email, phone) along with the amount you’d like to borrow, and your monthly income.

While in the process and before settlement we will need confirmation of your identity, but not to get started:

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

In addition, once we have started, for loans over $150,000 you’ll require basic financial statements.

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

The owner of a small supermarket that was making $70K a month borrowed $76K over a 24 month period, with no payments for the first 4 weeks. The loan required 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
The owner of a restaurant wanted to open a second restaurant and needed money to fund the installation. The bank they approached wasn't willing to help. The typical monthly income for them was $50K, and they were able borrow $66K for 24 months. The turnaround time was just 8 hours.
Restaurant Owner
An interior designer had spotted an opportunity to increase the size of their company and required working capital to finance this growth. With a monthly income of $300K, they borrowed $250K over 24 months. The turnaround time was only two days and all they had for them to provide were 12 months worth of banking statement IRD confirmation, IRD confirmation and their trust deed.
Interior Designer
Following the purchase of a pizza shop and two liquor stores six to 12 months earlier the new owners needed additional funds. The overall revenue was $500K per month and they were able to borrow $300K. The loan was split into $100K per store with two different 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 time coming up, a store selling clothing needed working capital to purchase more inventory and benefit from the discount offered by suppliers. They were able to borrow $20K for 12 months, with no asset security required and had the money in just 24 hours.
Clothing Store

Unsecured Business Loan Woody Point QLD 4019

The lending landscape has changed

With traditional and bank lenders restricting credit The steady flow of alternative and non-bank loan providers entering the market offers the perfect source for you to take advantage of.

Woody Point SME’s are now capable of accessing finance through alternative lenders that service Woody Point who are focused on facilitating company expansion or smoothing cash flow challenges. In the past private credit options (drawing equity from the house loan, or using credit cards in addition to personal loans and the overdraft) were the only alternative funding services for Woody Point that were available.

There is now not a requirement of having to rely on the real estate market to secure company loans. With an unsecured loan business funding is made simple. Instead of a term loan with banks, business finance for a small business with interest rates and loan terms that help with cash flow are around as business loans.

 

 

High level summary

Separate personal and business debt

There are many benefits by separating personal and company debt.

  • Your home or other investmentsaren’t tied for the purpose of accessing funds
  • It is the company will be in better position to establish its own, solid credit history
  • It’s considerably more seamless at tax time
  • Businesses can easily assess how they are performing, monitor and plan on being able to easily determine their cash flow position

Reduce your risk, make the tax process more simple, apply for an unsecure business loan. Apply today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your personal and business assets apart will be the fact that your house does not have to be tied to allow access to the funds. In the case of a business loan within Woody Point up to $100K an asset security agreement will not be required so long as the borrower fulfills the loan requirements.

Credit history

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

Tax

It is crucial to separate personal from business finances makes it much more seamless when it comes to tax time, particularly when determining the tax-deductible allocation. The IRD has laid out guidelines on the proof required for claiming deductions on a business’s tax return. This is an area the IRD has advised specifically on.

Cash flow

A well-organised cash flow management system is vital to the long-term success of any company. By keeping personal and company finance separate, businesses can easily view how they are performing, monitor and plan on the ability to clearly determine their cash flow status.

I'm now able take time off knowing that I am confident that my Woody Point company will run well.
Local Business Owner
Business loans, particularly those that are unsecured business loan or line of credit to business financing need never be an difficult process. Business finance is in the form of small business loans with an interest rate cost, and with a repayment period that will suit your company budget.
Business Lenders for Business Goals
I'm now able to prepare beverages for clients with the best equipment.
Cafe Owner
A simple loan application process that comes with a high amount of borrowing capacity, a low credit criteria and no requirement to present a business plan. You no longer need to use your personal credit card or company credit card to finance your company.
Unsecured Loans Made Simple
I'm able to get my tax back on time.
Small Business Owner
Business credit rates and repayment terms as well as flexible repayment options to meet your business needs.
Business Lending Options
I'm now able employ a marketing expert to take my business to the next stage of business growth.
Growing Business
I'm now able to finance the fitout of our new Woody Point resturant without having to pull cash from the other resturants.
Woody Point Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Woody Point Small Business Loans

Tell me how you can avail the Woody Point Small Business Loans

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

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

It is possible to apply to get this Small Business Loan in under 10 minutes via the internet or by phone. You will receive a same day response and the money could be in your account within 24 hours. Traditional company loans are based on an annual interest rate as well as other fees and charges. This business loan is a loan that is priced upfront so you will know in advance the total amount to be paid, including any fees, interest or charges. This is then divided into a daily or weekly repayment figure.

What could the Small Business Loan be used for?

A Small Business Loan can be used to fulfill almost any company need, such as cash flow management, business remodeling, marketing to purchase inventory or new equipment, or as general working capital, and much more. The loan cannot be used for personal reasons.

About Larger Woody Point Business Loans

What is the Larger Woody Point Business Loan?

The Larger Business Loan is a larger size loan to aid in company expansion opportunities. Loans range between $100,000 and $500,000 with a fixed-term up to 36 months. The repayments are made weekly or fortnightly depending on your situation.

How’s the Origination Fee determined?

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

Can I get the Larger Business Loan?

To be eligible for a loan that is this large, your company needs to be in operation for at least 3 years and have an annual turnover of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able to prove at the least 12 months of operating.

How can the funds be utilised?

A large business loan is a great option for almost every company reason, such as business renovations, to purchase equipment or inventory or as general working capital and so much more. The loan cannot be used for personal purposes.

Is the Larger Business Loan a secured loan?

Asset security is needed to obtain funding above $150,000. This can be done as a result of an charge against assets, and could include registering this in the PPSR or filing as a caveat.

A director’s or personal ensure is a guarantee to repay a loan which is generally in nature rather than stating the security for a particular asset. The person who signs the guarantee is personally responsible if the company borrower is unable to repay the debt.

The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including goods or assets). The PPSR permits prioritisation over property that is personal to be granted depending on the date that a security interest has been registered.

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

What is a pre-approval minus Credit Check?

When you’re applying for larger company loans that exceeds $250K we can offer an initial pre-approval that will help smooth out the process. We could be able to apply for this without a credit check and within six hours of your initial application. The pre-approval is based upon a preliminary assessment which includes the answer to a series of financial health checks. It’s not an offer or guarantee of funds. Unconditional approval is subject to an extensive credit evaluation and any offer that you receive could be based on different terms.

Application process

Are I eligible for funding?

You can apply for an 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)
  • must show at least six months’ worth of transactions (for a unsecured loan $5K – $100K) or three years of trade (for the Larger Business Loan $100K to $500K)

How do I apply?

The application process is simple and simple. Complete the online form in few minutes and a dedicated company expert in lending will call you to help you.

To apply for up to $100,000 you’ll require proof of identity (valid Driver’s License) as well as an NZBN/IRD that is valid and at least 6 months of bank statements.

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

$100K-$250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K to $500K: Details for application including credit consent and 12 months of bank records, IRD statements as well as the two most recent years’ financial statements, plus interim financials for the current financial year, Aged Payables and Aged Receivables Summary.

How soon will I hear an answer?

For an unsecured loan ($5K to $100K) We can usually offer an answer within an hour, provided you make your application during quality business hours and allow us to utilise the bank verification system to immediately verify your bank account information online. If you decide to upload copies of your bank statements , we are able to provide a decision in just one business day.

For the Larger Business Loan ($100K up to $500,000) we could be able to offer you with pre-approval conditional to your application within about six hours. After you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Certain deals have been approved within 24 hours.

The most effective method is to make sure you apply during standard company hours, and permit us to use the modern bank verification to instantly confirm your bank details online. If you choose to upload duplicates of your banking statements , it will take a little longer.

What is the time frame to receive the money?

For the Small Business Loan ($5K and up) we typically offer a response in one hour – provided you apply during normal business hours and allow us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you opt to upload copies of your banking statements, we are able to provide a decision within the span of one business day.

For the Larger Business Loans ($100K up to $500,000) we might be able to offer the conditional pre-approval in around six hours. Once you have signed the pre-approval document, you will need to wait around 2-3 days for final approval. However, this may be quicker depending on the particular circumstances of each application. Some deals have been approved within 24 hours.

The most efficient method can be ensure you apply during standard business hours. You can also allow us to use the modern bank verification link to check your bank’s information online. If you upload the copies of bank statements it will take a little longer.

How much can I borrow?

We offer the loan amount between $5,000 to $500,000. If you apply for a certain amount, we consider a variety of aspects for determining what is the well-being for your business and the level of repayments your company can afford. The total amount of your loan will be contingent on the particular circumstances the business.

When you submit an application for a certain amount, we consider a variety of factors to determine the well-being for your company and the level of the repayments your business will be able to support. The total amount of the loan will be determined by the specifics for your business.

Fees & repayments

How much do you charge for an business loan?

If you decide to request the business financing, we’ll assess the risk assessment the business and offer you with a customised offer including the amount of the loan, the duration and interest rates. This business loan is a loan that is priced upfront therefore you will know in advance the total amount to be paid, including any charges or interest.

What determines the rate that I’m charged?

The interest rates on business loans rates depend on several factors like the amount of money of money borrowed, the company assets the funds will be used for as well as the field the company operates in, the long the company has been in operation, what percentage of the company has sufficient cash flow to cover the loan, and also the general health or creditworthiness of the business.

What are the costs?

There aren’t any hidden charges for our company loans, and you’ll know precisely what you be required to pay, and when, right from the day you sign up. There’s not any compounding interest and there are no additional charges (as as long as you pay your payments punctually).

We do not charge an Application Fee. You are able to apply for a loan without any upfront costs or commitment to apply.

The Origination Fee includes the expenses associated 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 percentage of the amount of loan.

Can I pay off the loan in advance?

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

If you decide to take this route, please call our helpful company loan experts. They’ll provide you with details on repayment and an early payout figure. It will be calculated using the sum of the principal amount remaining and accrued interest to the date of early payout in addition to 1.5 percent of the remaining principal plus any outstanding fees.

What is the process for repayments?

In order to help you avoid missing payments and to work your cash flow schedule, we provide payments that are either daily or weekly. 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 making it clear the ways we gather the information we collect, use, share and ensure the security of your information is vital and is a crucial element of our relationship with you.

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

Yes. We employ industry-recognised encryption standards to secure your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our dedication to protecting the security of clients and security. We make use of an advanced bank verification system link to immediately verify your bank account information online, allowing us to provide an immediate response.

About business loans

What exactly is an asset-based loan (a secured loan)?

The term "asset-based" refers to borrowing where the business owner borrows from an asset that they own to get the funds for a loan. The asset can be either an individual asset, such as the family home, or it could be a company asset such as a vehicle or other piece of machinery.

The vast majority of the lenders even the banks with the biggest size, prefer to guarantee loans against an asset. If you’re struggling to pay back the loan, then the asset could be taken over by the lender. In essence it is a way of securing new financing taking advantage of the value of what you already own.

Should I need security to get an business loan?

For loans that exceed $150K, there is no requirement for asset security in advance to gain access to the funds but we require a personal guarantee. need an individual guarantee. As long as you follow the terms of your loan (as detailed in the loan contract) the security of assets will never be required. For loans over $150K generally there is an individual guarantee and security in the form charges on assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites or auction houses
  • Debt collection companies & debt purchasers
  • Direct marketers including fundraising, telemarketing, mail order, direct-mail etc.
  • Finance institutions and lenders
  • {Firearm businesses
  • Foreign currency exchange services
  • Customs clearing houses & freight forwarding
  • Anything gambling related
  • Non-profit organisations, charities, churches etc
  • Smash repairers & panel beaters
  • Pawn shops and pawnbrokers
  • Property development
  • Investment business, shares or stockbrokers
  • Tattoo studios
  • Ridesharing or taxi services
  • Entertainment sales or ticket resellers
  • Towing services
  • Secondhand automotive dealerships
  • Car glass tinting
  • Vehicle wrecking yards

Although we cannot assist with an unsecured business loan in these types of industries, we may be able assist by providing a 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