The eligibility requirements for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Do you need more money? Review the conditions of eligibility for our $100K to $500K business loan.
All that’s required to get started is your contact information (company name, your name, email address, phone), how much you’d like to lend, as well as your monthly income.
While in the process and before settlement we’ll need confirmation of your identity, but not before we can begin:
Additionally after we get started with loans of more than $150,000 you will also need fundamental financial statements:
Let’s get started now.
Brisbane unsecured loans provides amounts between $5,000 and $100,000 with terms between 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 online or over the phone. You’ll get an immediate response, and funds may be in your account in 24 hours. Traditional business loans reference an annual interest rate along with other charges and fees. This business loan is a pre-paid loan and you’ll know in advance the amount you will have to pay, including any fees, interest or charges. This is then divided into weekly or daily amount to be paid back.
The Small Business Loan can be used for virtually any business reason, such as cash flow management, company renovations, marketing, to purchase inventory or new equipment, as general working capital and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size loan to aid in company growth opportunities. Loans are between $100,000 and $500,000 with a term fixed for up to 36 months. Repayments are weekly or fortnightly depending on you cashflow.
This Larger Business Loan has an Origination Fee which is determined at 2.5% of the amount of the loan.
To be eligible for a loan of this size the company needs to be in operation for at least 3 years, and have an annual income of at least $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.
A Larger Business Loan is a great option for almost all business need, including business renovations, purchase of equipment or inventory as well as for 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 is by taking a charge against assets, and could include registration with the PPSR or the registration of a caveat.
A personal or director’s guarantee is a promise to repay credit that is generally in nature rather than stating the security for a particular asset. The person who signs the ensure is personally accountable if the business borrower is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It reflects security interests that are registered for personal property (including goods or assets). The PPSR gives preference over private property granted according to the date a registration of a security interest.
An affidavit is an official document filed to provide an official notice of a claim on a property.
If you’re requesting larger company loans that exceeds $250K it is possible to offer a preliminary pre-approval to help ease the process. We may be able to get this done without a credit check, and within 6 hours of the initial application. The pre-approval process is based on a preliminary assessment which includes answering a couple of financial well-being questions. It is neither an offer nor a guarantee of funds. A conditional approval is subject an assessment of your creditworthiness and any offer you might receive could be subject to different conditions.
You may be eligible for an company loan if you;
The process for applying is fast and easy. Complete the online form within a few minutes and an experienced business lending specialist will call you to guide you through the process.
To apply for up $100,000, you’ll need the right identification documents (valid Driver’s Licence) and an NZBN/IRD that is valid and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll need:
$100K-$250K: Application requirements, including credit consent, 6 – 12 months of bank statements, IRD statement (if loan above $150K).
$250K to $500K: Information on the application including credit consent twelve months bank statement, an IRD statements, last 2 years finalised financial statements, and interim current financial year financials such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K and up) We can usually provide an answer within an hour, provided you apply at quality business times and let us utilise the advanced bank verification system link to instantly verify your bank’s information online. If you decide to submit copies of your bank statements , we’ll be able to offer an answer within one company day.
For the Larger Business Loan ($100K or more) we might be likely to offer you with a conditional pre-approval in around six hours. After you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this may be quicker depending on the circumstances of each application. Certain offers have been approved in the space of 24 hours.
The quickest way to apply for you to apply is ensure you apply during normal business hours. You can also permit us to use the advanced bank verification system to instantly check your bank’s information online. If you opt to upload the copies of bank accounts, it can take a bit longer.
For the Small Business Loan ($5K and up) we typically provide an answer in just one hour – as long as you make your application within normal business times and allow us to use the advanced bank verification system link to instantly verify your bank details online. If you opt to upload copies of your banking statements, we are able to provide the decision in as little as an business day.
For Larger Business Loans ($100K to $500K) we might be able to provide you with pre-approval conditional to your application within about 6 hours. After you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however it could be faster based on the circumstances of each application. Certain deals have been approved within less than 24 hours.
The quickest method is to make sure you apply during normal business hours and let us use the modern bank verification to confirm your bank details online. If you opt to send us documents from your account statement, it takes a bit longer.
We offer loans ranging from $5,000 to $500,000. When you submit an application for a certain amount, we consider a variety of factors for determining what is the health for your company and the amount of payments your business can support. The total amount of your loan will depend on the specifics for your business.
When you make an application for a particular amount, we will consider a number of factors to assess the health of your company as well as the amount of repayments that your company will be able to support. The total amount of your loan will be contingent on the specifics for your business.
If you decide to request one of our company loans, we’ll assess the risk profile that you have for your business and provide an individualised offer that includes the loan amount, the terms and interest rates. A business loan is an upfront-priced loan so you will know in advance the total amount you will have to pay, including interest rates, fees or charges.
Business loan interest rates depend on several factors including the amount of money borrowed, the business assets the money will be used for and the sector the business operates in, the long the business has been operating, whether the business has sufficient cash flow to cover the loan, and also the general health or creditworthiness of the company.
There are no hidden costs for our business loans, and you’ll be aware of the amount it is that you need to pay, and at what time, from day one. There’s no compounding and no additional fees (as as long as you pay your payments on time).
We don’t charge an application fee. You can get a cash loan with with no upfront cost or commitment to apply.
The Origination Fee covers the expenses involved in establishing 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 amount of the loan.
You can repay all of your loan early at any time.
If you are deciding to take this route, please talk to one of our helpful company loan professionals. They will offer you with the details of your repayment and an early payment figure. It will be calculated using the sum of the principal remaining and accrued interest to the time of early payout, plus 1.5% of the principal amount remaining as well as any outstanding fees.
To make sure that you don’t miss repayments and to fit in with your cash flow cycle we offer repayments either weekly or daily. These are automatically deducted from your nominated company account.
Security of your data, and knowing how we collect, use, exchange and ensure the security of your information is vital and an integral part of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your personal, sensitive financial information and our funders are ISO 27001 certified for our commitment to customer security and security. We employ an exceptionally sophisticated bank verification system that allows you to immediately verify your bank account details online. This allows us to offer an immediate response.
An asset-based loan is when the business owner makes use of an asset they own to secure 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 truck or piece of equipment.
The vast majority of the lenders not just the largest banks, are inclined to make loans secured by an asset. If you’re having trouble paying back the loan then the asset could be transferred to the lender. In essence it’s an opportunity to secure new financing making use of the value of what you already own.
For loans that exceed $150,000, no asset security is required upfront to access the money, however we do require an individual guarantee. So long as you comply with the loan terms (as stated in the loan contract), asset security is not required. For loans over $150,000 generally there is the option of a personal ensure and security is provided in the form of an asset charge.
