The requirements for getting an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Do you need more money? Find out the eligibility requirements for our $100K to $500K business loans.
All you need to get started is your contact details (company name, your name, email, phone) and the amount you’d like to borrow, and your monthly revenue.
Through the process and before settlement we’ll require confirmation of who you are, but not for starting:
Once we’ve started when it comes to loans that exceed $150,000, you’ll need fundamental financial statements:
Let’s get started now.
Brisbane unsecured loans offers amounts between $5,000 and $100,000 with terms between 3 and 24 month and cash flow-friendly repayments which can be made daily or weekly.
Apply to your Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get an immediate response, and have the funds in your account in 24 hours. Traditional company loans reference an interest rate per annum as well as other fees and charges. Our business loan is a cash-based loan so you will know in advance the amount you will have to pay, including any fees, charges or charges. Then, it is broken down into a daily or weekly repayment figure.
A Small Business Loan can be used for nearly any company need, such as managing cash flows, company improvements, advertising to purchase inventory, new equipment, for general working capital and much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are either weekly or fortnightly depending on your situation.
The Larger Business Loan has an Origination Fee, calculated at 2.5 percentage of the amount of the loan.
In order to be eligible for a loan in this amount, your business needs to have been trading for at least 3 years with an annual turnover of at least $700,000. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.
A large company loan can be used to fund almost every company purpose including business remodeling, buying inventory or new equipment as well as for general working capital, and much more. The loan cannot be used for personal reasons.
Asset security is necessary for funding of more than $150,000. This is by way of charge against assets, which could also include registering this through the PPSR or the registration of as a caveat.
A personal or director’s ensure is a guarantee to repay credit that is general in nature rather than stipulating security over a particular asset. The person signing the guarantee is personally responsible if the business creditor is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It contains security interests registered in respect of personal property (including the assets or goods). The PPSR allows prioritisation over property that is personal to be granted in accordance with the date on which a registration of a security interest.
An affidavit is an official document filed to provide an official notice of a claim to property.
If you’re requesting the Larger Business Loan of $250K or more we can offer an initial pre-approval in order to make the process. We may be able to make this decision without a credit verification and within six hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering some financial health questions. It is not an offer or guarantee of finance. Acceptance without condition is subject to an extensive credit evaluation and any offer you might receive could be subject to different conditions.
You are eligible to apply for an business loan if you:
The application process is quick and easy. Simply complete the online form in just a few minutes, and an experienced business expert in lending will call you to guide you.
To apply for up to $100,000 you’ll need the right identification documents (valid Driver’s License) along with an NZBN/IRD that is valid and at least 6 months of bank statements.
For larger loan sizes, you’ll also need:
$100K to $250K: Application requirements, including credit approval, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K – $500K: Details for application including credit consent twelve month bank accounts, the IRD statement and the last two years’ finalised financial statements, as well as interim financials from the current financial year as well as Aged Payables and Receivables summary.
For an unsecured loan ($5K or more) we can often provide an answer within one hour if you submit your request during standard company hours and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statements we can offer an answer in as little as 1 company day.
For the Larger Business Loan ($100K or more) we may be capable of offer you with pre-approval conditional to your application within about six hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this may be quicker depending on the particular circumstances of each application. Certain offers have been approved within the space of 24 hours.
The fastest way can be ensure you apply during normal business hours and allow us to use our advance bank verification link to confirm your bank details online. If you opt to send us the copies of bank statement, it takes a bit longer.
For the Small Business Loan ($5K or more) we can often provide a response in one hour – as long as you apply during normal business timings and permit us to make use of the advanced bank verification system link to instantly verify your bank details online. If you opt to submit copies of your bank statements, we’ll be able to offer the decision in just the span of one business day.
If you are applying for Larger Business Loans ($100K to $500K) We may be in a position to provide you with pre-approval conditional to your application in about six hours. Once you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval. However, this can be faster depending on the particular circumstances of each application. Some transactions have received approval in 24 hours.
The fastest way can be ensure you apply during standard business hours, and allow us to use our advanced bank verification system to confirm your bank details online. If you decide to send us the copies of bank statement, it takes a bit longer.
We offer loan amounts between $5,000 to $500,000. When you submit an application for a certain amount we take into consideration a range of factors in order to assess how much we can lend you health that is your company and the extent of repayments that your business can support. The amount you receive from your loan will depend on the specific circumstances for your business.
When you make an application for a set amount, we take into consideration a variety of aspects to assess the health that is your business as well as the amount of payments your company will be able to support. The total amount of your loan will depend on the specific circumstances for your company.
If you decide to apply for our business credit, we’ll assess the risk profile the company and offer an individualised offer including the loan amount, the terms and the interest rates. A business loan is an upfront-priced loan and you’ll know in advance the total amount you will have to pay, including interest rates, fees or charges.
The interest rates on business loans rates vary due to factors including the amount borrowed, what company assets the money will be used for and the sector the company operates in, how long the business has been in operation for, in the event that the business has sufficient cash flow to cover the loan, and the general health as well as creditworthiness business.
There are no hidden costs for our business loans, and you’ll know exactly how much it is that you need to pay and at what time, from the day you sign up. There’s no compounding and no extra fees (as long as you are able to make your payments on time).
We don’t charge an Application Fee. You are able to apply for a loan with no cost upfront or commitment to apply.
The Origination Fee covers the costs associated with the setting up and management of the loan. This is only a fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percent of the amount of the loan.
You can choose to repay the entire amount of the advance loan at any time.
If you decide to pursue this option, please speak to our friendly business credit experts. We will offer you with details on repayment and an early payment figure. It will be calculated using the total of the principal balance plus any accrued interest as of the time of early payment plus 1.5 percent of the principal amount remaining and any outstanding fees.
To ensure you do not miss due dates and also to be in line with your cash flow general, we offer repayments that are either daily or weekly. They will be automatically deducted from your business account.
Protecting your information, and making it clear how we collect information, use it, and exchange it, as well as protect your information, is of paramount importance and an integral aspect of our relationship with you.
Yes. We make use of industry-standard encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our commitment to the security of our customers as well as their privacy. We utilise a sophisticated bank verification system link to instantly verify your bank account details online, allowing us to provide a fast response.
An asset-based loan is when an business owner uses assets they own to obtain the loan. The asset could be an individual asset, such as the family home, or an company asset like a truck or piece of equipment.
The vast majority of lenders, even the big banks, tend to guarantee loans against an asset. If you’re having trouble paying back the loan, then your assets could be taken over by the lender. In essence it is the process of securing new funding using the value of what you already own.
For loans up to $150,000 it is not necessary to secure assets in advance to gain access to the funds but we do need the personal guarantee. As long as you follow your loan obligations (as specified in the loan contract) Asset security will never be needed. If you take out loans in excess of $150,000 generally, there is a personal ensure and security in the form charges on assets.
