The requirements for getting an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Check out the eligibility requirements for our $100K-$500K company financing.
All that is needed to begin is your contact information (company name and your name, as well as email and telephone), how much you’d like to borrow as well as your monthly income.
During the process and before settlement we’ll require confirmation of who you are but not to get started:
In addition, once we have started, for loans that exceed $150,000, you’ll need fundamental financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 months, cash flow friendly repayments which can be made daily or weekly.
Apply to your Small Business Loan in under 10 minutes on the phone. You’ll receive an instant response and have the funds in your account within 24 hours. Traditional company loans are based on an interest rate per annum together with additional fees and charges. Our business loan is a pre-paid loan therefore you’ll know in advance the amount you will have to pay, including the interest, fees and charges. This is then broken down into weekly or daily amount to be paid back.
A Small Business Loan can be used to fulfill almost every company purpose including the management of cash flow, company improvements, advertising, to purchase inventory or new equipment, to fund general working capital, and much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger loan size to support company growth opportunities. Loans range from $100,000 to $500,000 with a term fixed up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate you cashflow.
A Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the loan amount.
To qualify for a loan in this amount the company needs to be operating for at least three years and generate an annual revenue of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.
A Larger Business Loan can be used to fund almost any company reason, such as company improvements, purchasing equipment or inventory for general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is needed to access funding over $150,000. It’s by taking a charge against assets, and may include registering this through the PPSR or registering as a caveat.
A director’s or personal ensure is a commitment to repay credit that is general in nature, rather than defining security over a particular asset. The person who signs the guarantee is personally liable in the event that the company lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It lists security interests that are registered in respect of personal property (including goods or assets). The PPSR gives prioritisation over property that is personal to be assigned according to the date the security interest that is registered.
An affidavit is an official document filed to provide the public notice of a legal claim to a property.
If you’re requesting larger company loans that is greater than $250,000, we may offer an initial pre-approval in order to simplify the process. We might be able to apply for this without a credit check and within 6 hours of the initial application. The pre-approval is based upon an initial assessment, which involves you answering some financial health checks. It’s not an offer of credit or guarantee of financing. A conditional approval is subject an extensive credit evaluation and any offer that you might receive could be based on different terms.
You may be eligible for a company loan if you;
The application process is fast and easy. Complete the online form in just a few minutes, and a dedicated business credit specialist will contact you to help you.
To apply for up to $100,000, you’ll need ID details (valid Driver’s Licence) and a valid NZBN/IRD and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K to $250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K-$500K: Details for application including credit consent and 12 months of bank records, IRD statement, last 2 years finalised financial statements, as well as interim financial statements for the current year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K or more) we can often offer a response in one hour – as long as you submit your request in quality business times and you allow us to use the advanced bank verification system link to immediately verify your bank account information online. If you decide to upload copies of your bank statements we can provide an answer within 1 company day.
For the Larger Business Loan ($100K and up) we may be in a position to provide you with conditional pre-approval within six hours. Once you have 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 transactions have received approval within 24 hours.
The most efficient method for you to apply is ensure you apply during normal company hours and allow us to use our advanced bank verification system link to instantly verify your bank information online. If you decide to send us duplicates of your banking statement, it takes a bit longer.
For the Small Business Loan ($5K and up) we can often provide an answer in just one hour – as long as you apply at standard business hours and permit us to utilise the advanced bank verification system to immediately verify your bank account information online. If you want to submit copies of your bank statements, we are able to provide the decision in as little as an business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we could be likely to offer you with a conditional pre-approval in about six hours. Once you have signed the pre-approval, turnaround times are around 2-3 days for final approval, however this may be quicker depending upon the circumstances for each application. Certain agreements have been approved within less than 24 hours.
The quickest method can be ensure you apply during normal business hours, and allow us to use our sophisticated bank verification link to confirm your bank details online. If you choose to send us documents from your account accounts, it may take a bit longer.
We offer loan amounts between $5,000 to $500,000. When you make an application for a certain amount we take into consideration a range of aspects in order to assess your health of your company and the level of the repayments your business will be able to support. The amount you receive from your loan will be contingent on the specific circumstances that are unique to your company.
If you apply for a certain amount, we consider a variety of factors to assess how much we can lend you such as health of your company and the amount of the repayments your company can support. The amount you receive from the loan will be determined by the particular circumstances of your business.
If you decide to make an application for one of our business credit, we’ll assess the risk profile that you have for your company and provide you with a customised proposal that includes the amount of the loan, the duration and interest rates. A company loan is an upfront priced loan and you’ll know in advance the total amount to be paid, including any charges, interest rates or fees.
Interest rates for business loans rates vary due to factors like the amount of money borrowed, the business assets the money are used to purchase and the sector the company is in, how long the business has been operating and how long the business has enough cash flow to support the loan, and also the general health or creditworthiness of the business.
There aren’t any hidden charges with our business loans, and you’ll know exactly how much it is that you need to pay and when, right from the first day. There’s no compounding interest, and no extra fees (as as long as you pay your payments on 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. This is only a cost if you take out the loan. The Origination Fee for us is 2.5 percent of the amount of loan.
You may choose to pay back the entire amount of your advance loan at any time.
If you are deciding to do this please talk to one of our helpful company lending experts. We will offer you with details for repayment as well as an early payout amount. This is calculated as the total of the principal remaining and the accrued interest up to the date of early payout, plus 1.5% of the remaining principal plus any outstanding fees.
To make sure that you don’t miss payments and to work with your cash flow cycle we provide payments that are either weekly or daily. They will be automatically deducted from your nominated business account.
Protecting your information, and knowing how we collect, use, exchange and protect your information, is crucial and an integral element of our relationship with you.
Yes. We employ industry-recognised encryption protocols to safeguard your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our dedication to security for our clients and security. We use an advanced bank verification system link to instantly verify your bank account details online, allowing us to offer rapid response.
Asset-based borrowing occurs when an business owner uses an asset that they own to obtain the loan. The asset can be either a personal asset like the family home, or a company asset like a truck or other piece of machinery.
The vast majority of lenders, even the banks with the biggest size, prefer to guarantee loans against an asset. If you have trouble paying back the loan then the asset could be transferred to the lender. In essence, it is a way of securing new financing by making use of the value of what you already have.
For loans up to $150,000 no asset security is required prior to the loan’s access However, we require a personal guarantee. need the personal guarantee. In the event that you fulfill your loan obligations (as detailed in your loan contract document), asset security will never be required. If you take out loans in excess of $150K generally, there is the option of a personal ensure and security is provided in the form of an asset charge.
