The criteria for eligibility for an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Need more funds? Take a look at the guidelines for eligibility for our $100K-$500K business loans.
All you need to get started is your contact information (company name, your name, email and phone), how much you’d like to borrow, as well as your monthly income.
During the process and before settlement we’ll require confirmation of your identity but not to get started:
After we start in the process, for loans of more than $150,000 you will also require basic 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, cash flow friendly repayments that are either daily or weekly.
Apply to get this Small Business Loan in under 10 minutes via the internet or over the phone, receive an instant response and the money could be available in just 24 hours. Traditional company loans reference an annual interest rate as well as other fees and charges. The business loan is a cash-based loan which means you know in advance the total amount to be paid, including any fees, charges or charges. This is then broken down into either a daily or weekly installment amount.
The Small Business Loan can be used for virtually every company use, including cash flow management, company improvements, advertising to purchase inventory or new equipment, or as general working capital and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans range between $100,000 and $500,000 for a fixed period of for up to 36 months. Repayments are either weekly or fortnightly to work with your situation.
This Larger Business Loan has an Origination Fee, which is determined at 2.5 percent of the amount of the loan.
In order to be eligible for a loan of this size the company needs to have been in operation for at least 3 years, and have an annual income of at least $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or 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 is a great option for almost all business purpose including business remodeling, buying new equipment or inventory or as general working capital and much more. The loan is not available for personal use.
Asset security is required to obtain funding above $150,000. This is as a result of an charge over assets, and could include registration with the PPSR or registering a caveat.
A director’s or personal guarantee is a guarantee to pay off a credit line that is general in nature rather than specifying the security of a specific asset. The person signing the guarantee is personally liable if the company lender is not able to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including goods or assets). The PPSR gives prioritisation over property that is personal to be granted depending on the date that a registration of a security interest.
An affidavit is an official document that is filed to offer an official notice of a claim on a property.
When you’re applying for an enterprise loan that is greater than $250K it is possible to offer an initial pre-approval that will help simplify the process. We might be able to do this without a credit check and within six hours of your initial application. The pre-approval is based upon an initial assessment, which involves you answering some financial health questions. It’s neither an offer nor a guarantee of funds. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer you are offered could be based on different conditions.
You can apply for a company loan if you
The process for applying is fast and simple. Simply complete the online form in few minutes and an experienced business lending specialist will contact you to guide you.
For a loan of up to $100,000 you’ll require identification details (valid Driver’s License) as well as a valid NZBN/IRD as well as at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll also need:
$100K to $250K: Application requirements, including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Application details including credit consent twelve months bank statement, an IRD statement and the last two years’ finalised financial statements, plus interim financials from the current financial year as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K to $100K) we typically provide an answer in just one hour if you make your application at standard company times and permit us to use the advanced bank verification system to immediately verify your bank account information online. If you choose to upload copies of your banking statement, we’ll offer an answer within the span of one business day.
For the Larger Business Loan ($100K and up) we might be able to provide you with conditional pre-approval within 6 hours. Once 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 on the circumstances of each application. Certain deals have been approved in the space of 24 hours.
The most efficient method would be to ensure you apply during standard business hours. Also, allow us to use the advance bank verification link to verify your bank account information online. If you opt to upload the copies of bank accounts, it can take a bit longer.
For the Small Business Loan ($5K or more) we typically provide an answer within an hour, provided you apply during standard business times and let us make use of the advanced bank verification system link to instantly verify your bank details online. If you decide to upload copies of your banking statements, we are able to provide an answer within an business day.
For Larger Business Loans ($100K or more) we could be able to offer you with a conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this could be shorter based on the specifics of each application. Certain transactions have received approval in 24 hours.
The fastest way for you to apply is make sure you apply during normal business hours and allow us to use our sophisticated bank verification to check your bank’s information online. If you decide to upload the copies of bank statements it takes a bit longer.
We offer loan amounts between $5,000 and $500,000. If you apply for a specific amount we will consider a number of variables to determine what is the health for your business and the level of repayments your business will be able to support. The total amount of the loan will be determined by the specifics the company.
If you apply for a specific amount we look at a range of elements to assess the well-being of the company as well as the amount of repayments your business can afford. The total amount of your loan will be determined by the particular circumstances the company.
If you decide to request one of our company loan, we will assess the risk assessment that you have for your company and provide you with a customised offer, including the amount of loan, the term and the interest rates. The business loan is a loan that is priced upfront and you’ll be aware of the total amount you will have to pay, including charges, interest rates or fees.
Interest rates for company loans rates depend on a variety of factors such as the amount that is of money borrowed, the business assets the funds will be used for, the industry the company operates in, how long the business has been operating and how long the business has enough cash flow to pay for the loan, and general health or financial standing of the business.
There are no hidden costs with our company loans. You’ll know exactly how much you’ll be required to pay and when, from the very first day. There’s no compounding and no extra fees (as as long as you pay your payments in time).
We don’t charge an application fee. You can make an application for loans with with no upfront cost or obligation to proceed.
The Origination Fee covers the expenses involved 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 the loan.
You can decide to repay the entire amount of your loan early at any time.
If you are deciding to do this please speak to our friendly company loan professionals. They’ll provide you with repayment details along with an early payout estimate. This is calculated as the total of the principal amount remaining and accrued interest to the time of early payment and 1.5 percent of the principal amount remaining and any outstanding fees.
To help you avoid missing due dates and also to be in line your cash flow schedule, we offer repayments either daily or weekly. These are automatically deducted from your designated company account.
Making sure that your information is secure, and being clear about the ways we gather the information we collect, use, share and secure your information, is vital and an integral part of our relationship with you.
Yes. We use industry recognised encryption techniques to protect your sensitive, personal financial information and our funders are ISO 27001 qualified for our dedication to protecting the security of clients and privacy. We use an advanced bank verification system that allows you to instantly verify your bank account details online, allowing us to offer rapid response.
An asset-based loan is when the business owner uses an asset they own to obtain the funds for a loan. The asset may be an individual asset, such as the family home, or an business asset such as a truck or piece of equipment.
The vast majority of banks, even the big banks, tend to make loans secured by an asset. If you have trouble paying back the loan, then the asset could be offered for sale by the lender. In essence, it’s means of securing new funding making use of the value of what you already own.
For loans that exceed $150K, it is not necessary to secure assets upfront to access the money but we require a personal guarantee. require a personal guarantee. As long as you follow your loan commitments (as stipulated in the loan contract) Asset security will never be required. For loans that exceed $150,000, generally there is an individual guarantee and security in the form a charge over assets.
