The eligibility requirements for an unsecured business loan in Brisbane of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Find out the guidelines for eligibility for our $100K-$500K business financing.
All you need to begin is your contact information (the name of your company, your name, email address and telephone), how much you’d like to borrow, and your monthly revenue.
In the course of the process and before settlement we will need confirmation of who you are but not to get started:
After we start, for loans over $150,000 you’ll also need basic financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts of between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow-friendly repayments that are either daily or weekly.
Apply for the Small Business Loan in under 10 minutes over the phone. You’ll get an instant response and the funds could be available in just 24 hours. Traditional company loans have an annual rate of interest plus other fees and charges. Our business loan is a loan that is priced upfront so you will be aware of the total amount payable including any interest, fees or charges. Then, it is broken down into either weekly or daily amount to be paid back.
The Small Business Loan can be used for virtually any business use, including cash flow management, business renovations, marketing, to purchase inventory or new equipment, as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund business expansion opportunities. Loans range from $100,000 to $500,000 with a term fixed with a maximum of 36 months. The repayments are made weekly or fortnightly depending on your situation.
This Larger Business Loan has an Origination Fee, which is calculated at 2.5 percentage of the amount of the loan.
To qualify for a loan that is this large the company needs to have been operating for at least three years and have an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.
A Business Loan of a larger size can be used for almost all business use, including company renovations, to purchase new equipment or inventory, as general working capital and so much more. The loan is not available to fund personal expenses.
Asset security is needed to access funding over $150,000. This can be done by way of charge against assets and can include the registration of this on the PPSR or making as a caveat.
A director’s or personal ensure is a promise to repay credit that is general in nature, rather than specifying the security for a particular asset. The person signing the guarantee is personally liable if the business lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It records security interests that have been registered in respect of personal property (including goods or assets). The PPSR grants priority over personal property to be assigned according to the date the security interest has been registered.
Caveats are legal form of document to provide an official notice of a claim on a property.
If you’re requesting a Larger Business Loan that is greater than $250K we may be able to provide a preliminary pre-approval to help ease the process. We might be able to apply for this without a credit check, and within six hours of your initial application. The pre-approval is based upon an initial assessment that includes answering a couple of financial well-being questions. It’s not an offer or guarantee of credit. A conditional approval is subject an extensive credit evaluation and any offer you may receive may be on different conditions.
You can apply for an business loan if you
The application process is quick and simple. Just complete the online application in just a few minutes, and an experienced business loan specialist will be in touch to guide you through the process.
To apply for up $100,000, you’ll need identification details (valid Driver’s License) along with a valid NZBN/IRD and at least six months of bank statements.
For larger loan sizes, you’ll also require:
$100K – $250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K to $500K: Information on the application including credit consent, 12 months bank statement, an IRD statement, last 2 years finalised financial statements, as well as interim current financial year financials as well as Aged Payables and Receivables summary.
For an unsecured loan ($5K or more) we usually offer a response in one hour if you submit your request within standard business time and permit us to utilise the bank verification system link to instantly verify your bank’s information online. If you want to send us copies of your bank statements , we are able to offer a decision in just one business day.
For the Larger Business Loan ($100K and up) we may be in a position to offer the conditional pre-approval in about 6 hours. After 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 deals have been approved in less than 24 hours.
The most effective method can be ensure you apply during normal business hours and permit us to use the advance bank verification to instantly check your bank’s information online. If you decide to upload the copies of bank accounts, it may take a bit longer.
For the Small Business Loan ($5K up to $100,000) we usually provide a response in one hour – as long as you make your application during standard business times and let us use the bank verification system link to instantly verify your bank details online. If you want to send us copies of your bank statements, we are able to offer the decision in as little as 1 business day.
For the Larger Business Loans ($100K or more) We may be in a position to offer you with conditional pre-approval in about six hours. After you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, it could be faster based on the particular circumstances of each application. Some offers have been approved within the space of 24 hours.
The fastest method can be make sure you apply during standard business hours. Also, allow us to use our modern bank verification link to check your bank’s information online. If you decide to upload duplicates of your banking accounts, it can take a bit longer.
We offer loans that range from $5,000 to $500,000. If you apply for a certain amount, we look at a variety of factors for determining what is the well-being that is your company and the amount of payments your company will be able to support. The total amount of your loan will depend on the particular circumstances the company.
When you apply for a set amount, we look at a range of aspects to determine your health for your company as well as the amount of repayments your business will be able to support. The amount you receive from your loan will depend on the particular circumstances the business.
When you request the company financing, we’ll assess the risk assessment that you have for your company and provide you with a tailored offer including the amount of the loan, the duration and the interest rates. It is a company loan is an upfront priced loan so you will know in advance the total amount you will have to pay, including costs, fees, or interest rates.
Business loan interest rates depend on several factors including the amount of money borrowed, the company assets the money will be used for, the industry the company is operating in, how long the business has been in operation as well as whether the business has sufficient cash flow to cover the loan, and general well-being or creditworthiness of the business.
There aren’t any hidden costs with our company loans, and you’ll know precisely what you’ll need to pay, and when, from day one. There’s no compounding and no extra 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 absolutely no upfront cost and no commitment to apply.
The Origination Fee covers the expenses involved with the setting up and management of the loan. The only way to pay this fee if you decide to take the loan. The Origination Fee for us is 2.5% of the amount of loan.
You can decide to repay the entire amount of your loan at any point in time.
If you do decide to pursue this option, please speak to our friendly company credit professionals. The professionals will provide you with the details of your repayment as well as an early payout amount. This will be calculated as the total of the remaining principal amount and the accrued interest up to the time of early payment and 1.5% of the principal remaining as well as any outstanding fees.
To help you avoid missing repayments and to fit in with your cash flow routine, we provide payments that are either daily or weekly. These are automatically deducted from your nominated business account.
Security of your data, and knowing how we collect data, process, exchange and ensure the security of your information is crucial and is a crucial aspect of our relationship with you.
Yes. We utilise industry-recognised encryption standards to protect your personal, sensitive financial and other 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 immediately confirm your bank account information online so we can provide rapid response.
Asset-based borrowing occurs when the business owner uses an asset they own to make the loan. The asset can be a personal asset like the family home or an company asset such as a vehicle or piece or equipment.
The majority of lenders, including the banks with the biggest size, prefer to guarantee loans against assets. If you’re struggling to pay back the loan, your asset may be offered for sale by the lender. In essence it is a way of securing new financing by taking advantage 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 but we require a personal guarantee. need a personal guarantee. In the event that you fulfill your loan commitments (as detailed in your loan contract document) Asset security is not needed. If you take out loans in excess of $150,000 typically, you will need a personal guarantee and security in the form of the charge of assets.
