The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Do you require more money? Review the conditions of eligibility for our $100K-$500K business loans.
All that’s required to get started is your contact details (the name of your company, your name, email and phone) as well as 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 before we can begin:
Once we’ve started, for loans that exceed $150,000, you’ll also require the following financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts of 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.
You can apply to the Small Business Loan in under 10 minutes online or on the phone. You’ll receive an immediate response, and funds may be available in just 24 hours. Traditional business loans reference an interest rate per annum plus other fees and charges. The company loan is a cash-based loan therefore you’ll be aware of the total amount to be paid, including any fees, interest or charges. This is then broken down into a daily or weekly installment amount.
A Small Business Loan can be used for nearly every company need, such as managing cash flows, company remodeling, marketing to purchase inventory or new equipment, for 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. The loan ranges from $100,000 to $500,000 for a fixed period of that can last up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate your situation.
This Larger Business Loan has an Origination Fee, which is determined at 2.5% of the amount of the loan.
In order to be eligible for a loan that is this large, your company needs to be trading for at least 3 years with an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A larger business loan is a great option for almost every company purpose including business 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 necessary to access funding over $150,000. This is by way of charge over assets, and could be registered on the PPSR or registering as a caveat.
A director’s or personal ensure is a commitment to repay credit that is generally in nature rather than stipulating security over an asset. The person signing the ensure is personally liable if the company creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including items or assets). The PPSR grants preference over private property assigned according to the date a security interest was registered.
A caveat is a legal document that is filed to provide an official notice of a claim against a property.
If you’re requesting the Larger Business Loan that is greater than $250K, we may offer an initial pre-approval that will help simplify the process. We might be able to make this decision without a credit check and within six hours of your initial application. This pre-approval is made based on an initial assessment, which involves answering a couple of financial health checks. This is in no way an offer, nor is it a guarantee of funds. The approval of a conditional loan is subject to an extensive credit evaluation and any offer that you receive could have different conditions.
You can apply for a business loan if you:
The application process is simple and simple. Just fill out the online application within a couple minutes, and an experienced business credit specialist will be in touch to help you.
To be eligible for up to $100,000, you’ll require ID details (valid Driver’s License) as well as an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K-$250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K-$500K: Details for application including credit consent as well as 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, in addition to interim financial statements for the current year such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K and up) we typically provide an answer in just one hour – as long as you make your application during standard business times and allow us to utilise the bank verification system link to instantly verify your bank information online. If you decide to send us copies of your bank statements we can offer a decision within just one company day.
For the Larger Business Loan ($100K or more) we could be able to offer the conditional pre-approval within about six hours. After you’ve signed your pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, this could be shorter based on the specifics of each application. Some transactions have received approval in less than 24 hours.
The quickest way to apply can be ensure you apply during standard company hours. You can also permit us to use the advanced bank verification system link to instantly verify your bank account information online. If you send us documents from your account statements , it will take a little longer.
For the Small Business Loan ($5K and up) We can usually offer a response in one hour if you submit your request during standard business times and allow us to utilise the advanced bank verification system to immediately verify your bank account information online. If you choose to upload copies of your banking statement, we’ll offer a decision in as little as 1 business day.
If you are applying for Larger Business Loans ($100K and up) we could be likely to provide you with conditional pre-approval in around six hours. Once you’ve signed your pre-approval form, it will take between 2 and 3 days for the final approval. However, this could be shorter based upon the circumstances for each application. Some deals have been approved in the space of 24 hours.
The most effective method would be to make sure you apply during standard business hours and permit us to use the advance bank verification link to instantly check your bank’s information online. If you send us duplicates of your banking statements, it will take a little longer.
We provide the loan amount between $5,000 to $500,000. When you submit an application for a certain amount, we take into consideration a range of factors for determining what is the well-being of your business and the amount of repayments that your business can support. The amount you receive from your loan will depend on the particular circumstances for your business.
When you make an application for a particular amount, we take into consideration a variety of factors to determine your health for your company as well as the amount of the repayments your business can support. The amount you receive from your loan will be determined by the specific circumstances of your company.
When you make an application for the business loan, we’ll assess the risk assessment that you have for your business and provide you with a customised proposal that includes the amount of loan, the term and the interest rates. This company loan is an upfront priced loan therefore you will be aware in advance of the total amount due, which includes any charges, interest rates or fees.
The interest rates on company loans rates differ based on various factors including the amount borrowed, the business assets the funds will be used for, the industry the business operates in, the long the company has been in operation for, in the event that the company has enough cash flow to pay for the loan, and also the overall health or financial standing of the company.
There aren’t any hidden charges for our company loans, and you’ll know exactly how much it is that you need to pay and at what time, from the very first day. There’s no compounding interest, and no extra fees (as long as you make your payments in time).
We don’t charge an Application Fee. You are able to get a cash loan with with no upfront cost or obligation to proceed.
The Origination Fee is the cost associated with setting up and managing the loan. You are only charged this fee if you proceed with the loan. The Origination Fee for us is 2.5% of the amount of the loan.
You can choose to repay the total amount of your loan early at any time.
If you decide to do this please speak to our friendly business credit experts. They will provide you with repayment details as well as an early payout amount. It will be calculated using the total of the principal balance and any accrued interest at the time of the early payout plus 1.5% of the principal amount remaining plus any outstanding fees.
To help you avoid missing due dates and also to be in line your cash flow cycle we provide repayments either weekly or daily. These are automatically withdrawn from your nominated company account.
Making sure that your information is secure, and making it clear the ways we gather data, process, exchange and protect your information, is crucial and is an essential aspect of our relationship with you.
Yes. We employ industry-recognised encryption techniques to protect your personal, sensitive and financial data and our funders are ISO 27001 qualified for our dedication to protecting the security of customers and security. We make use of an advanced bank verification system link to immediately verify your bank account information online so we can offer an immediate response.
The term "asset-based" refers to borrowing where the company owner uses an asset they own to get the funding. The asset may be an individual asset, such as the family home or it could be a company asset like a truck or piece of equipment.
The majority of lending institutions, not just the largest banks, are inclined to guarantee loans against an asset. 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 by making use of the value of what you already own.
Up to $150K in loans the requirement for asset security is not required prior to the loan’s access, however we require a personal guarantee. require a personal guarantee. If you adhere to your loan commitments (as stated in the loan contract) and you are able to meet your obligations, asset security is not needed. For loans over $150K generally, there is a personal ensure and security that is in the form an asset charge.
