The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Do you require more money? Find out the guidelines for eligibility for our $100K-$500K business credit.
All that’s needed to get started is your contact information (company name, your name, email or phone number) and the amount you want to borrow, as well as your monthly income.
During the process and before settlement we will need confirmation of who you are, but not for starting:
Once we’ve started, for loans greater than $150,000 you will also need basic financial statements:
Let’s get started now.
Brisbane unsecured loans provides amounts between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow friendly repayments, which are either daily or weekly.
Apply to get your Small Business Loan in under 10 minutes via the internet or by phone. You will receive an instant response and the funds could be in your account within 24 hours. Traditional company loans reference an interest rate per annum as well as other fees and charges. The company loan is a pre-paid loan which means you know in advance the amount you will have to pay, including any fees, interest or charges. Then, it is broken down into either weekly or daily payment amount.
The Small Business Loan can be used for nearly any company reason, such as control of cash flow business remodeling, marketing for purchasing inventory or new equipment, or as general working capital, and much more. The loan is not available for personal purposes.
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 fixed-term that can last up to 36 months. The repayments are made weekly or fortnightly, depending on your situation.
This Larger Business Loan has an Origination Fee which is calculated at 2.5 percentage of the amount of the loan.
In order to be eligible for a loan that is this large the company needs to have been in operation for at least 3 years, and have an annual income of $700,000. The applicant must also 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 least 12 months of trading.
A Larger Business Loan can be used for nearly all company need, including company renovations, purchase of new equipment or inventory, as general working capital and much more. The loan is not available to fund personal expenses.
Asset security is required for accessing funds over $150,000. This can be done in the form of a charge against assets, and could include registration in the PPSR or filing as a caveat.
A director’s or personal guarantee is a promise to pay back a loan that is generally based rather than specifying the security of a specific asset. The person who is signing the guarantee is personally liable in the event that the company borrower is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It lists security interests that are that are registered for personal property (including goods or assets). The PPSR allows prioritisation over property that is personal to be assigned depending on the date that a security interest that is registered.
A caveat is a legal document lodged to offer the public notice of a legal claim to a property.
If you’re requesting the Larger Business Loan that is greater than $250K we may be able to provide a preliminary pre-approval to help smooth out the process. We could be able to apply for this without a credit check, and within 6 hours of your initial application. The pre-approval is based upon an initial assessment, which involves you answering a few financial well-being checks. It’s neither an offer nor a guarantee of financing. The approval of a conditional loan is subject to a full credit assessment and any offer that you are offered could have different terms.
You may be eligible for a company loan if you
The application process is quick and simple. Complete the online form in few minutes and an experienced company loan specialist will contact you to guide you through the process.
For a loan of up to $100,000 you’ll need ID details (valid Driver’s License) along with 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 require:
$100K – $250K: Application requirements, including credit consent, 6 – 12 months of bank statements, IRD statement (if credit is over $150K).
$250K – $500K: Information on the application including credit consent, 12 month bank accounts, the IRD statement Last 2 years’ finalised financial statements, as well as interim current financial year financials including Aged Payables, Aged Receivables reports.
For an unsecured loan ($5K up to $100,000) we can often provide an answer in just one hour, provided you make your application in quality company times and you allow us to utilise the advanced bank verification system to instantly verify your bank details online. If you opt to upload copies of your banking statements we can provide a decision within an business day.
For the Larger Business Loan ($100K or more) we could be likely to offer you with conditional pre-approval within six hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however it could be faster based upon the circumstances for each application. Certain transactions have received approval in less than 24 hours.
The quickest method is to ensure you apply during standard business hours. You can also allow us to use our advanced bank verification system to verify your bank account information online. If you choose to upload duplicates of your banking statements it may take a bit longer.
For the Small Business Loan ($5K up to $100,000) We can usually offer an answer within one hour, provided you submit your request at normal business hours and allow us to make use of the advanced bank verification system to instantly verify your bank information online. If you want to upload copies of your banking statements, we’ll be able to offer an answer in as little as the span of one business day.
If you are applying for Larger Business Loans ($100K and up) we could be able to provide you with conditional pre-approval in about 6 hours. After you’ve signed the pre-approval document, you will require to wait about 2-3 days for final approval. However, it could be faster based upon the circumstances for each application. Certain offers have been approved in just 24 hours.
The fastest method for you to apply is ensure you apply during standard business hours. You can also permit us to use the modern bank verification link to instantly confirm your bank details online. If you upload copies of your bank statements, it takes a bit longer.
We offer the loan amount between $5,000 and $500,000. When you submit an application for a certain amount we will consider a number of elements to determine what is the well-being for your company and the level of the repayments your company will be able to support. The total amount of your loan will depend on the specific circumstances that are unique to your company.
If you apply for a set amount, we look at a range of aspects to assess how much we can lend you such as well-being for your company as well as the amount of the repayments your business will be able to support. The amount you receive from the loan will be determined by the particulars that are unique to your business.
If you decide to request business loans with us company loan, we will assess the risk assessment the business and provide you with a tailored offer, including the loan amount, the terms and interest rates. This company loan is a loan that is priced upfront therefore you will be aware of the total amount to be paid, including any charges, interest rates or fees.
The interest rates on company loans rates depend on a variety of factors such as the amount that is that is borrowed, what business assets the funds will be used for and the sector the company operates in, how long the business has been operating as well as what percentage of the business has enough cash flow to cover the loan, and also the overall well-being or financial standing of the business.
There are no hidden costs for our company loans, and you’ll know precisely what it is that you need to pay and when, starting from the very first day. There’s no compounding interest and the loan comes with no additional fees (as long as you are able to make your payments on time).
We do not charge an Application Fee. You are able to apply for a loan with absolutely no upfront cost and no commitment to apply.
The Origination Fee covers the costs associated with the setting up and management of the loan. It is only charged for this fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the amount of loan.
You can choose to repay the total amount of your advance loan at any time.
If you choose to pursue this option, please contact our helpful company loan professionals. The experts will offer you with details for repayment and an early payout figure. The figure will be calculated as the sum of the remaining principal amount and any accrued interest at the date of early payout and 1.5 percent of the principal amount remaining and any fees that remain unpaid.
To make sure you do not miss payment dates and to align your cash flow schedule, we provide repayments either weekly or daily. They will be automatically deducted from the nominated company account.
Making sure that your information is secure, and making it clear how we collect information, use it, and exchange it, as well as protect your information, is of paramount importance and a vital aspect of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal financial information and our funders are ISO 27001 certified for our commitment to security for our customers and security. We make use of an advanced banking verification system to immediately verify your bank account information online to provide an immediate response.
An asset-based loan is when an company owner borrows from assets they own to get the funds for a loan. The asset may be an individual property, such as the family home, or it could be a business asset such as a truck or piece or equipment.
The majority of the lenders even the major banks, prefer to guarantee loans against assets. If you have trouble paying back the loan, then the asset could be sold by the lender. In essence it’s an opportunity to secure new financing using the value of what you already have.
For loans of up to $150K, the requirement for asset security is not required upfront to access the money however, we do need an individual guarantee. So long as you comply with the terms of your loan (as detailed in the loan contract) the security of assets is not needed. For loans that exceed $150K, generally there is personal guarantee and security in the form of the charge of assets.
