The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K is fairly low.
Do you require more money? Check out the guidelines for eligibility for our $100K-$500K business credit.
All that’s needed to get started is your contact information (the name of your company, your name, email and telephone) as well as the amount you’d like to borrow and your monthly revenue.
While in the process and before settlement we will need confirmation of who you are but not for starting:
Once we’ve started in the process, for loans over $150,000 you will also require the following financial statements:
Let’s get started.
Brisbane unsecured loans offers the range of $5,000 to $100,000. Terms range from 3 and 24 months and cash flow-friendly repayments that are either daily or weekly.
Apply to the Small Business Loan in under 10 minutes online or over the phone. You’ll get a same day response and have the funds in your account within 24 hours. Traditional business loans are based on an interest rate per annum together with additional fees and charges. Our company loan is a cash-based loan which means you know in advance the total amount payable including any fees, charges or charges. This is then broken down into either a daily or weekly payment amount.
The Small Business Loan can be used for nearly every business use, including the management of cash flow, company renovations, marketing to purchase inventory, new equipment, or as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans range between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are scheduled weekly or fortnightly, depending on you cashflow.
A Larger Business Loan has an Origination Fee which is calculated at 2.5% of the loan amount.
To be eligible for a loan that is this large the business needs to have been operating for at least three years and generate an annual revenue 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 large company loan is a great option for almost every business need, including company renovations, purchase of new equipment or inventory, as general working capital and so much more. The loan is not available for personal reasons.
Asset security is needed to access funding over $150,000. It’s as a result of an charge on assets and can include registration through the PPSR or the registration of as a caveat.
A director’s or personal ensure is a promise to pay back a loan that is general in nature rather than stating security over a particular asset. The person who signs the ensure is personally accountable if the company lender is not able to pay back the debt.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It records security interests that have been that are registered for personal property (including objects or assets). The PPSR gives the priority of personal property assigned according to the date a security interest was registered.
The caveat can be described as a formal form of document to provide notice of a legal claim against a property.
If you’re applying for larger business loans of $250K or more we may be able to provide an initial pre-approval in order to ease the process. It is possible to get this done without credit checks and within 6 hours of your initial application. The pre-approval process is based on an initial evaluation that involves answering a couple of financial well-being checks. It’s not an offer or guarantee of funds. A conditional approval is subject an assessment of your creditworthiness and any offer you are offered could be subject to different conditions.
You are eligible to apply for a business loan if you:
The application process is fast and easy. Complete the online form within a few minutes and a dedicated company expert in lending will be in touch to assist you.
To apply for up to $100,000, you’ll require the right identification documents (valid Driver’s Licence) along with a valid NZBN/IRD and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K to $250K: Details of application, including credit consent, 6 – 12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K-$500K: Application details including credit consent as well as 12 month bank accounts, the IRD statement and the last two years’ finalised financial statements, plus interim financials for the current financial year including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K up to $100,000) We can usually provide an answer in just one hour, provided you make your application at standard company timings and let us utilise the advanced bank verification system to instantly verify your bank information online. If you opt to send us copies of your bank statements , we will be able to offer the decision in just the span of one company day.
For Larger Business Loans ($100K to $500K) we could be in a position to offer you with conditional pre-approval in around six hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval. However, this can be quicker based on the particular circumstances of each application. Some transactions have received approval within less than 24 hours.
The quickest way to apply would be to make sure you apply during normal business hours. You can also let us use the advance bank verification to check your bank’s information online. If you decide to send us the copies of bank statement, it may take a bit longer.
For the Small Business Loan ($5K up to $100,000) we usually provide an answer within an hour, provided you submit your request within normal business time and you allow us to make use of the advanced bank verification system link to instantly verify your bank information online. If you opt to upload copies of your banking statements we can provide an answer in as little as one business day.
If you are applying for Larger Business Loans ($100K and up) we may be able to provide you with conditional pre-approval within 6 hours. Once you have signed the pre-approval document, you will require to wait around 2-3 days for final approval, however this could be shorter based on the circumstances of each application. Some deals have been approved within the space of 24 hours.
The quickest method for you to apply is make sure you apply during standard business hours. Also, let us use the sophisticated bank verification link to confirm your bank details online. If you choose to send us the copies of bank statements, it will take a little longer.
We provide loans ranging from $5,000 to $500,000. When you submit an application for a particular amount, we take into consideration a range of aspects for determining how much we can lend you health of the business and the amount of the repayments your company can support. The total amount of your loan will be contingent on the specific circumstances for your company.
When you make an application for a set amount, we take into consideration a variety of aspects to determine your health for your business and the level of repayments your business can afford. The total amount of your loan will be contingent on the specifics of your business.
When you make an application for one of our company loans, we will assess the risk assessment that you have for your business and offer you with a tailored proposal that includes loan amount, term and interest rates. This business loan is an upfront-priced loan therefore you will be aware of the total amount to be paid, including any costs, fees, or interest rates.
Business loan interest rates vary due to factors including the amount of money borrowed, the business assets the funds will be used for, the industry the business is operating in, how long the company has been in operation for, how long the business has sufficient cash flow to support the loan, and the overall well-being as well as creditworthiness business.
There aren’t any hidden charges with our business loans, and you’ll know precisely what it is that you be required to pay and when, from the first day. There’s no compounding interest, and the loan comes with no additional fees (as long as you make your payments in time).
We do not charge an Application Fee. You can get a cash loan with with no upfront cost or obligation to proceed.
The Origination Fee includes the expenses associated in establishing and managing the loan. The only way to pay this fee if you proceed with the loan. Our Origination Fee is 2.5% of the amount of the loan.
You may choose to pay back the total amount of your loan at any point in time.
If you decide to pursue this option, please speak to our friendly company loans experts. We will offer you with repayment details and an early payment figure. This will be calculated as the total of the principal remaining and any accrued interest at the time of early payment plus 1.5 percent of the principal balance as well as any outstanding fees.
To ensure that you don’t miss payment dates and to align your cash flow schedule, we provide payments that are either daily or weekly. These are automatically withdrawn from the nominated business account.
Security of your data, and knowing how we collect the information we collect, use, share and secure your information, is vital and is an essential aspect of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our commitment to customer security and security. We employ a highly sophisticated bank verification system that allows you to instantly verify your bank account information online. This allows us to offer an immediate response.
The term "asset-based" refers to borrowing where an business owner makes use of an asset that they own to obtain the loan. The asset may be an asset belonging to the personal, like the family home or it could be a business asset such as a truck or other piece of machinery.
The majority of the lenders even the banks with the biggest size, prefer to guarantee loans against assets. If you’re having trouble paying back the loan, then the asset could be transferred to the lender. In essence it is means of securing new funding using the value of what you already have.
For loans that exceed $150K, no asset security is required upfront to access the money however, we require a personal guarantee. need an individual guarantee. If you adhere to your loan commitments (as specified in the loan contract), asset security is not needed. For loans of over $150K typically, you will need a personal ensure and security in the form an asset charge.
