The requirements for getting an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Need more funds? Take a look at the eligibility requirements for our $100K to $500K company loan.
All that’s needed for starting is your contact details (company name and your name, as well as email and phone) along with the amount you want to borrow, and your monthly earnings.
While in the process and before settlement we’ll require confirmation of who you are however, not in order to begin:
Once we’ve started, for loans greater than $150,000 you’ll also need basic financial statements.
Let’s get started now.
Brisbane unsecured loans provides amounts between $5,000 and $100,000. The terms range between 3 and 24 months. They also offer cash flow friendly repayments which can be made daily or weekly.
You can apply to the Small Business Loan in under 10 minutes over the phone. You’ll get an instant response and have the funds on your account within 24 hours. Traditional business loans have an interest rate per annum as well as other fees and charges. The company loan is a cash-based loan and you’ll know in advance the total amount to be paid, including any interest, fees or charges. Then, it is broken down into either a daily or weekly payment amount.
It is a Small Business Loan can be used for almost any company use, including cash flow management, company improvements, advertising for purchasing inventory or new equipment, as general working capital and so much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger size loan to aid in company growth opportunities. Loans are between $100,000 and $500,000 over a fixed term for 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 amount of the loan.
To be eligible for a loan of this size, your business needs to be operating for a minimum of 3 years and have an annual turnover of $700K. You must be a New Zealand Citizen (or Permanent Resident) at least 18 years old or have a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A Larger Business Loan is a great option for almost any business need, including business improvements, purchasing equipment or inventory, as general working capital and so much more. The loan is not available for personal use.
Asset security is required for accessing funds over $150,000. This can be done in the form of a charge against assets, which could also be registered with the PPSR or registering as a caveat.
A personal or director’s ensure is a commitment to pay off a credit line that is generally based rather than specifying the security for a particular asset. The person signing the ensure is personally accountable if the company 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 records security interests that have been granted to individuals who own personal property (including items or assets). The PPSR gives priority over personal property to be assigned according to the date a security interest has been registered.
A caveat is a legal document lodged to provide the public notice of a legal claim against a property.
If you’re requesting the Larger Business Loan that is greater than $250,000 we may be able to provide an initial pre-approval in order to smooth out the process. We might be able to apply for this without a credit check, and within six hours of your initial application. The pre-approval process is based on an initial assessment that includes the answer to a series of financial health questions. It is neither an offer nor a guarantee of financing. Acceptance without condition is subject to an assessment of your creditworthiness and any offer that you receive could have different conditions.
You may apply for a business loan if you:
The application process is fast and simple. Just fill out the online application in just a few minutes, and a dedicated business lending specialist will contact you to guide you.
To be eligible for up to $100,000 you’ll require the right identification documents (valid Driver’s Licence), a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K – $250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K-$500K: Details of the application, including credit consent as well as 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, and interim financials from the current financial year including Aged Payables, Aged Receivables summary.
For an unsecured loan ($5K to $100K) we can often offer an answer in just one hour, provided you submit your request at quality company time and you allow us to use the advanced bank verification system link to instantly verify your bank information online. If you choose to send us copies of your bank statements , we’ll be able to offer the decision within just one business day.
For Larger Business Loans ($100K or more) we could be in a position to provide you with a conditional pre-approval in around six hours. After you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, it could be faster based on the particular circumstances of each application. Some transactions have received approval within 24 hours.
The quickest method would be to ensure you apply during normal business hours. Also, allow us to use our advanced bank verification system link to instantly verify your bank account information online. If you choose to upload duplicates of your banking statement, it may take a bit longer.
For the Small Business Loan ($5K to $100K) we usually provide a response in one hour, provided you apply within standard business time and let us make use of the advanced bank verification system to instantly verify your bank information online. If you opt to upload copies of your banking statements, we’ll be able to offer the decision within the span of one business day.
If you are applying for Larger Business Loans ($100K to $500K) we could be in a position to provide you with pre-approval conditional to your application within 6 hours. Once you’ve signed your pre-approval document, you will need to wait about 2-3 days for final approval, however this could be shorter based on the particular circumstances of each application. Some transactions have received approval within just 24 hours.
The fastest way for you to apply is make sure you apply during standard business hours and permit us to use the advance bank verification link to verify your bank information online. If you upload copies of your bank statement, it takes a bit longer.
We provide loan amounts between $5,000 and $500,000. When you submit an application for a certain amount, we take into consideration a range of factors that determine how much we can lend you well-being of your business and the level of the repayments your business will be able to support. The total amount of the loan will be determined by the specific circumstances that are unique to your company.
If you apply for a certain amount, we will consider a number of aspects to assess how much we can lend you such as well-being that is your business and the extent of repayments your company will be able to support. The total amount of the loan will be determined by the specific circumstances that are unique to your business.
When you make an application for our business loan, we will assess the risk profile of your business and offer you with a customised offer that includes the loan amount, the terms and interest rates. It is a company loan is a loan that is priced upfront which means you be aware of the total amount to be paid, including any costs, fees, or interest rates.
The interest rates on business loans rates differ based on various variables like the amount to be borrowed, the company assets the money will be used for in addition to the industry that the company is operating in, how long the company has been in operation as well as what percentage of the business has enough cash flow to cover the loan, and also the general health or financial standing of the company.
There aren’t any hidden costs with our business loans, and you’ll know precisely how much you’ll need to pay and when, right from the day you sign up. There’s no compounding and no additional fees (as as you make your payments in time).
We don’t charge an application fee. You can apply for a loan without any upfront costs or obligation to proceed.
The Origination Fee is the cost associated with setting up and managing the loan. The only way to pay this cost if you take out the loan. Our Origination Fee is 2.5 percentage of the loan amount.
You can choose to repay all of your loan in full at any time.
If you choose to do this please talk to one of our helpful business loans professionals. We will offer you with the details of your repayment along with an early payout estimate. It will be calculated using the total of the principal amount remaining and the accrued interest up to the time of the early payout, plus 1.5 percent of the principal remaining and any outstanding fees.
To help you avoid missing repayments and to fit in with your cash flow cycle we provide payments that are either daily or weekly. They will be automatically deducted from your nominated business account.
Protecting your information, and being upfront about how we collect the information we collect, use, share and ensure the security of your information is crucial and a vital aspect of our relationship with you.
Yes. We use industry recognised encryption standards to secure your sensitive, personal financial information and our funders are ISO 27001 certified for our commitment to security for our clients and security. We use an advanced banking verification system to instantly verify your bank account information online. This allows us to provide rapid response.
Asset-based borrowing is when an business owner makes use of an asset they own to obtain the loan. The asset may be an individual property, such as the family home or it could be a business asset like a truck or piece of equipment.
The majority of banks, including the major banks, prefer to make loans secured by assets. If you are having difficulty paying back the loan then the asset could be offered for sale by the lender. In essence it is means of securing new financing using the value of what you already have.
For loans of up to $150,000, no asset security is required before you are able to access the money but we require a personal guarantee. require a personal guarantee. As long as you follow the loan terms (as detailed in your loan contract document) Asset security will never be needed. For loans over $150K generally there is the option of a personal ensure and security is provided in the form of an asset charge.
