The eligibility requirements for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Do you require more money? Find out the eligibility requirements for our $100K-$500K company loan.
All that’s required to start is your contact information (the name of your company, your name, email and phone) as well as the amount you’d like to borrow, and your monthly income.
Through the process and before settlement we will need confirmation of who you are, but not to get started:
After we start in the process, for loans of more than $150,000 you’ll also need basic financial statements:
Let’s get started.
Brisbane unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 months, cash flow-friendly repayments that are either per day or weekly.
Apply to this Small Business Loan in under 10 minutes online or over the phone. You’ll get an immediate response, and the money could be in your account within 24 hours. Traditional business loans have an annual rate of interest as well as other fees and charges. Our business loan is a cash-based loan so you will know in advance the total amount payable including any interest, fees or charges. This is then broken down into either a daily or weekly installment amount.
A Small Business Loan can be used for nearly every company reason, such as the management of cash flow, business remodeling, marketing, to purchase inventory or new equipment, as general working capital and so much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans are between $100,000 and $500,000 for a fixed period of up to 36 months. Repayments are weekly or fortnightly, depending on your situation.
This Larger Business Loan has an Origination Fee that is determined at 2.5% of the amount of the loan.
To be eligible for a credit that is this large, your company needs to have been in operation for at least 3 years with an annual turnover of $700K. You must be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A larger business loan can be used for nearly any company reason, such as company renovations, purchase of inventory or new equipment or as general working capital, and much more. The loan cannot be used for personal use.
Asset security is required to obtain funding above $150,000. It is usually as a result of an charge against assets and can include registration on the PPSR or making as a caveat.
A director’s or personal ensure is a guarantee to repay a loan which is general in nature, rather than stipulating security over an asset. The person signing the ensure is personally accountable if the company the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including goods or assets). The PPSR gives the priority of personal property assigned according to the date a security interest has been registered.
A caveat is a legal document filed to provide the public notice of a legal claim on a property.
If you’re requesting an enterprise loan that exceeds $250K we may be able to provide a preliminary pre-approval to help simplify the process. We might be able to apply for this without credit checks and within six hours of your initial application. This pre-approval is based on an initial assessment, which involves the answer to a series of financial well-being questions. This is not an offer of credit or guarantee of financing. A conditional approval is subject an extensive credit evaluation and any offer that you receive could be based on different terms.
You may be eligible for a business loan if you;
The application process is simple and simple. Complete the online form in just a few minutes, and an experienced business credit specialist will call you to guide you through the process.
To apply for up to $100,000, you’ll need the right identification documents (valid Driver’s License) as well as an active NZBN/IRD, and at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K-$250K: Application requirements, including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K – $500K: Information on the application including credit consent, 12 months of bank records, IRD statements and the last two years’ finalised financial statements, as well as interim financial statements for the current year such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K to $100K) we can often offer an answer within one hour – as long as you make your application at quality business hours and let us make use of the advanced bank verification system to instantly verify your bank information online. If you decide to upload copies of your banking statements we can offer a decision in just 1 business day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we may be capable of offer you with pre-approval conditional to your application in around 6 hours. Once you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, it could be faster based upon the circumstances for each application. Certain transactions have received approval in 24 hours.
The quickest way to apply can be make sure you apply during normal company hours. Also, allow us to use the advanced bank verification system to instantly confirm your bank details online. If you choose to upload copies of your bank statements , it may take a bit longer.
For the Small Business Loan ($5K or more) We can usually provide an answer within an hour – provided you make your application within normal business times and allow us to use the advanced bank verification system to immediately verify your bank account information online. If you decide to upload copies of your bank statement, we’ll offer an answer in as little as 1 business day.
If you are applying for Larger Business Loans ($100K to $500K) we might be able to offer you with a conditional pre-approval in around six hours. Once you have signed the pre-approval, the turnaround time is about 2-3 days for final approval, however this could be shorter based upon the circumstances for each application. Certain agreements have been approved within 24 hours.
The fastest way is to make sure you apply during normal business hours, and allow us to use the sophisticated bank verification to verify your bank information online. If you send us documents from your account statement, it may take a bit longer.
We provide loans that range from $5,000 to $500,000. When you make an application for a particular amount, we will consider a number of variables for determining your well-being of your company and the extent of the repayments your business will be able to support. The total amount of your loan will be contingent on the specific circumstances of your business.
When you apply for a certain amount, we consider a variety of factors to assess the well-being that is your company and the amount of payments your business can support. The total amount of your loan will be determined by the particulars of your company.
If you decide to apply for one of our business loans, we will assess the risk assessment that you have for your company and offer an individualised offer including the amount of the loan, the duration and the interest rates. It is a business loan is a loan that is priced upfront and you’ll know the exact amount due, which includes any costs, fees, or interest rates.
Interest rates for business loans rates depend on several factors like the amount of money borrowed, the company assets the funds are used to purchase as well as the field the company operates in, the long the company is in operation and how long the company has sufficient cash flow to fund the loan, and the overall well-being as well as creditworthiness business.
There aren’t any hidden charges with our company loans, and you’ll know precisely what it is that you be required 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 can request a credit loan with no cost upfront or commitment to apply.
The Origination Fee covers the expenses involved with setting up and managing the loan. This is only a 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 in full at any time.
If you are deciding to do this please contact our helpful company lending professionals. They’ll offer you with details for repayment as well as an early payout amount. This is calculated as the total of the principal amount remaining and the accrued interest up to the time of early payment and 1.5% of the principal balance and any outstanding fees.
To ensure you do not miss payment dates and to align with your cash flow cycle we provide repayments either daily or weekly. These are automatically deducted from the nominated company account.
Making sure that your information is secure, and knowing how we collect information, use it, and exchange it, as well as ensure the security of your information is of huge importance and is an essential part of our relationship you.
Yes. We use industry recognised encryption standards to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our commitment to the security of our clients as well as their privacy. We utilise a sophisticated bank verification system that allows you to immediately verify the bank account details online so we can offer quick responses.
Asset-based borrowing is when the company owner borrows from assets they own to make the loan. The asset can be an individual asset, such as the family home, or an business property like a truck or piece of equipment.
The majority of lending institutions, including the largest banks, are inclined to make loans secured by assets. If you are having difficulty paying back the loan, the asset could be taken over by the lender. In essence it is means of securing new financing by using the worth of the asset you already own.
Up to $150,000 in loans there is no requirement for asset security in advance to gain access to the funds but we do require a personal guarantee. If you adhere to your loan obligations (as detailed in the loan contract) the security of assets will never be needed. If you take out loans in excess of $150,000 generally, there is an individual guarantee and security in the form a charge over assets.
