The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Take a look at the guidelines for eligibility for our $100K to $500K company credit.
All that’s required to begin is your contact information (the name of your company, your name, email and telephone) along with the amount you’d like to borrow and your monthly revenue.
While in the process and before settlement we’ll require confirmation of your identity, but not to get started:
Additionally after we get started when it comes to loans of more than $150,000 you’ll also need the following financial statements:
Let’s get started.
Brisbane unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 month and cash flow friendly repayments, which are either daily or weekly.
Apply to this Small Business Loan in under 10 minutes on the internet or by phone. You will receive an immediate response, and the funds could be available in just 24 hours. Traditional business loans refer to an annual interest rate plus other fees and charges. The company loan is a cash-based loan therefore you’ll know in advance the total amount payable including the interest, fees and charges. This is then divided into a daily or weekly repayment figure.
The Small Business Loan can be used for almost every company need, such as cash flow management, company remodeling, marketing for purchasing 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 size loan to aid in company expansion opportunities. Loans range between $100,000 and $500,000 with a fixed-term up to 36 months. Repayments are weekly or fortnightly depending on the flow of cash.
The Larger Business Loan has an Origination Fee that is calculated at 2.5 percent of the amount of the loan.
To be eligible for a loan of this size the company needs to be in operation for at least 3 years, and have an annual income of at least $700,000. You must be a New Zealand Citizen (or Permanent Resident) over 18 years, own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A large company loan is a great option for almost any business reason, such as company renovations, to purchase new equipment or inventory or as general working capital and much more. The loan cannot be used for personal use.
Asset security is necessary for accessing funds over $150,000. This is as a result of an charge over assets, and may include the registration of this in the PPSR or filing as a caveat.
A personal or director’s ensure is a commitment to pay back a loan that is general in nature rather than stating the security of a specific asset. The person signing the ensure is personally accountable if the business lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It records security interests that have been registered in respect of personal property (including items or assets). The PPSR allows priority over personal property to be granted in accordance with the date on which a security interest was registered.
Caveats are legal document filed to provide the public notice of a legal claim to a property.
When you’re applying for a Larger Business Loan of $250K or more we can offer an initial pre-approval to smooth out the process. We might be able to apply for this without credit checks and within 6 hours of the initial application. This pre-approval is based on an initial assessment that includes you answering some financial health questions. It’s not an offer or guarantee of credit. A conditional approval is subject an extensive credit evaluation and any offer you are offered could be subject to different conditions.
You are eligible to apply for an company loan if you;
The application process is quick and simple. Just fill out the online application within a few minutes and an experienced company lending specialist will call you to guide you through the process.
For a loan of up to $100,000, you’ll require identification details (valid Driver’s Licence), a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K to $250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K-$500K: Application details including credit consent twelve month bank accounts, the IRD statement, last 2 years finalised financial statements, plus interim financials from the current financial year such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K to $100K) we typically provide an answer in just one hour – as long as you submit your request in quality business timings and let us utilise the advanced bank verification system to immediately verify your bank account information online. If you choose to submit copies of your bank statements , we will be able to provide a decision in just 1 company day.
For the Larger Business Loan ($100K up to $500,000) we might be in a position to offer you with conditional pre-approval within 6 hours. Once you’ve signed the pre-approval document, you will need to wait around 2-3 days for final approval, however it could be faster based upon the circumstances for each application. Certain deals have been approved in 24 hours.
The quickest way to apply can be make sure you apply during standard company hours and allow us to use the advance bank verification to instantly verify your bank information online. If you opt to upload documents from your account accounts, it will take a little longer.
For the Small Business Loan ($5K to $100K) we can often provide an answer in just one hour if you make your application in normal business times and you allow us to make use of the advanced bank verification system to instantly verify your bank information online. If you opt to submit copies of your bank statements, we are able to offer an answer in as little as an business day.
For the Larger Business Loans ($100K and up) we might be able to provide you with pre-approval conditional to your application within about 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. Some transactions have received approval in 24 hours.
The fastest method is to ensure you apply during normal business hours, and let us use the advance bank verification to instantly confirm your bank details online. If you choose to send us the copies of bank statements, it may take a bit longer.
We provide the loan amount between $5,000 to $500,000. When you make an application for a certain amount, we look at a variety of aspects that determine the health for your company and the extent of repayments that your company can afford. The amount you receive from your loan will depend on the particular circumstances for your company.
When you submit an application for a specific amount we take into consideration a variety of factors to determine your health that is your company and the amount of repayments your business is able to afford. The total amount of the loan will be determined by the particulars of your business.
If you decide to apply for business loans with us business financing, we will assess the risk profile for your company and offer an individualised offer that includes the loan amount, the terms and the interest rates. A business loan is an upfront cost loan and you’ll be aware of the total amount due, which includes any costs, fees, or interest rates.
Interest rates for company loans rates depend on a variety of factors including the amount that is borrowed, what company assets the funds will be used for in addition to the industry that the company operates in, the long the company is in operation for, whether the company has enough cash flow to support the loan, and also the general well-being and creditworthiness of the business.
There are no hidden fees for our company loans, and you’ll be aware of the amount it is that you need to pay and when, starting from the first day. There’s no compounding and the loan comes with no additional fees (as as long as you pay your payments on time).
We don’t charge an application fee. You can apply for a loan with absolutely no upfront cost and no the obligation to take action.
The Origination Fee includes the expenses associated with the setting up and management of the loan. It is only charged for this fee if you proceed with the loan. Our Origination Fee is 2.5% of the amount of loan.
You can choose to repay the entire amount of the loan in full at any time.
If you are deciding to take this route, please call our helpful business lending specialists. They’ll provide you with details on repayment along with an early payout estimate. This is calculated as the sum of the principal balance and accrued interest to the time of early payment in addition to 1.5 percent of the principal remaining and any fees that remain unpaid.
In order to help you avoid missing repayments and to fit in with your cash flow general, we provide repayments either weekly or daily. These are automatically deducted from the nominated company account.
Security of your data, and being transparent about the ways we gather, use, exchange and ensure the security of your information is of huge importance and is an essential part of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 qualified for our dedication to security for our clients and privacy. We use an advanced bank verification system to immediately verify your bank account information online to provide a fast response.
Asset-based borrowing occurs when an company owner borrows from the assets they have to make the funding. The asset can be an asset belonging to the personal, like the family home or it could be a company asset like a truck as well as a piece of machine.
The majority of lenders, not just the big banks, tend to guarantee loans against assets. If you have trouble paying back the loan, the asset might be transferred to the lender. In essence it’s an opportunity to secure additional financing using the worth of the asset you already own.
Up to $150K in loans the requirement for asset security is not required upfront to access the money but we do require a personal guarantee. If you adhere to the terms of your loan (as detailed in your loan contract document) the security of assets is not required. For loans that exceed $150,000, generally, you can get the option of a personal ensure and security in the form an asset charge.
