The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Find out the eligibility requirements for our $100K-$500K company loans.
All you need to begin is your contact information (the name of your company, your name, email address, phone), how much you’d like to lend, and your monthly earnings.
During the process and before settlement we’ll need confirmation of your identity but not before we can begin:
Additionally after we get started with loans that exceed $150,000, you will also require basic financial statements:
Let’s get started now.
Brisbane unsecured loans offers the range of $5,000 to $100,000. Terms range from 3 and 24 month and cash flow-friendly repayments that are either daily or weekly.
You can apply for this Small Business Loan in under 10 minutes on the phone. You’ll receive a same day response and the funds could be available in just 24 hours. Traditional business loans have an annual interest rate plus other fees and charges. We offer a business loan is a cash-based loan so you will be aware in advance of the total amount payable including any fees, interest or charges. This is then broken down into a daily or weekly repayment figure.
A Small Business Loan can be used to fulfill almost every company purpose including the management of cash flow, company remodeling, marketing to purchase inventory or new equipment, or as general working capital and so much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. Loans range between $100,000 and $500,000 with a term fixed up to 36 months. Repayments are either weekly or fortnightly depending on your situation.
This Larger Business Loan has an Origination Fee that is determined at 2.5 percentage of the loan amount.
To be eligible for a loan in this amount the business needs to have been trading for at least 3 years, and have an annual income of at least $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A Business Loan of a larger size is a great option for almost any company reason, such as company remodeling, buying equipment or inventory as well as for general working capital and much more. The loan cannot be used for personal purposes.
Asset security is required for funding of more than $150,000. It’s in the form of a charge on assets, and could include registering this in the PPSR or making a caveat.
A personal or director’s guarantee is a guarantee to pay off a credit line that is general in nature, rather than specifying security over an asset. The person who is signing the ensure is personally responsible if the company the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including goods or assets). The PPSR allows preference over private property granted according to the date the registration of a security interest.
Caveats are legal form of document to offer the public notice of a legal claim against a property.
If you’re requesting a Larger Business Loan of $250K or more we may be able to provide an initial pre-approval in order to ease the process. We may be able to get this done without credit checks and within 6 hours of the initial application. The pre-approval process is based on an initial evaluation that involves you answering a few financial health checks. It’s not an offer of credit or guarantee of finance. Acceptance without condition is subject to an extensive credit evaluation and any offer that you are offered could be on different terms.
You are eligible to apply for a company loan if you;
The application process is simple and simple. Just complete the online application in few minutes and a dedicated company credit specialist will be in touch to assist you.
To be eligible for up to $100,000 you’ll need proof of identity (valid Driver’s License) along with a valid NZBN/IRD as well as at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll also need:
$100K – $250K: Details of application, including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Application details including credit consent, 12 months of bank records, IRD statement and the last two years’ finalised financial statements, plus interim financials for the current financial year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K up to $100,000) we can often offer a response in one hour if you apply during standard company hours and allow us to utilise the bank verification system to instantly verify your bank’s information online. If you want to upload copies of your bank statements we can provide the decision within the span of one company day.
For Larger Business Loans ($100K to $500K) we might be capable of provide you with conditional pre-approval in about six hours. After you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this can be quicker based upon the circumstances for each application. Certain transactions have received approval within the space of 24 hours.
The quickest way to apply is to ensure you apply during normal business hours. You can also let us use the modern bank verification link to instantly confirm your bank details online. If you opt to upload copies of your bank accounts, it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we usually provide a response in one hour – provided you submit your request within normal business times and allow us to use the bank verification system link to instantly verify your bank information online. If you choose to upload copies of your banking statement, we’ll offer a decision in just one business day.
If you are applying for Larger Business Loans ($100K and up) We may be capable of offer you with a conditional pre-approval within about 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 on the particular circumstances of each application. Certain offers have been approved in less than 24 hours.
The most efficient method would be to ensure you apply during normal business hours. Also, allow us to use the sophisticated bank verification to instantly verify your bank information online. If you choose to send us duplicates of your banking statements, it can take a bit longer.
We provide loans that range from $5,000 to $500,000. When you make an application for a certain amount we will consider a number of factors for determining what is the health of the company as well as the amount of payments your company is able to afford. The total amount of the loan will be determined by the particular circumstances that are unique to your business.
When you apply for a set amount, we look at a range of factors to determine the well-being that is your company and the extent of repayments that your company will be able to support. The total amount of your loan will be determined by the particulars that are unique to your company.
When you request one of our business financing, we’ll assess the risk assessment the company and offer an individualised offer that includes the loan amount, the terms and interest rates. The business loan is an upfront cost loan therefore you will be aware of the total amount payable including any costs, fees, or interest rates.
Interest rates for business loans rates differ based on various factors including the amount that is borrowed, what business assets the money will be used for, the industry the business operates in, the long the company has been running for, whether the company has sufficient cash flow to cover the loan, and the general well-being or financial standing of the business.
There aren’t any hidden charges for our company loans. You’ll know exactly how much you’ll need to pay, and when, from day one. There’s no compounding and no additional fees (as as long as you pay your payments on time).
We do not charge an application fee. You can apply for a loan no cost upfront or the obligation to take action.
The Origination Fee covers the costs associated with setting up and managing the loan. The only way to pay this fee if you decide to take the loan. The Origination Fee for us is 2.5 percent 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 choose to do this please speak to our friendly business lending professionals. We will offer you with the details of your repayment as well as an early payout amount. The figure will be calculated as the total of the principal amount remaining and any accrued interest at the time of early payout, plus 1.5% of the principal balance as well as any outstanding fees.
To make sure that you don’t miss repayments and to fit in your cash flow schedule, we offer repayments that are either weekly or daily. These are automatically deducted from your nominated business account.
The security of your personal information, as well as being clear about the ways we gather the information we collect, use, share and safeguard your data, is vital and is a crucial aspect of our relationship with you.
Yes. We utilise industry-recognised encryption standards to protect your personal, sensitive and financial data and our funders are ISO 27001 certified for our dedication to protecting the security of clients and privacy. We use an advanced bank verification system that allows you to immediately verify your bank account information online, allowing us to offer quick responses.
Asset-based borrowing occurs when the company owner makes use of the assets they have to secure a loan. The asset can be either a personal asset like the family home, or an business property like a truck or other piece of machinery.
The vast majority of banks, even the largest banks, are inclined to secure loans against assets. If you have trouble paying back the loan, then the asset could be sold by the lender. In essence it is a way of securing new financing taking advantage of the value of what you already have.
For loans of up to $150K, the requirement for asset security is not required in advance to gain access to the funds but we do require a personal guarantee. In the event that you fulfill the terms of your loan (as specified in your loan contract document) Asset security is not required. For loans that exceed $150K, generally, you can get the option of a personal guarantee and security is provided in the form of charges on assets.
