The eligibility requirements for 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 conditions of eligibility for our $100K-$500K company loans.
All that’s required to get started is your contact details (the name of your company, your name, email and telephone), how much you want to borrow, and your monthly earnings.
In the course of the process and before settlement we will require confirmation of your identity, but not before we can begin:
Once we’ve started, for loans over $150,000 you’ll also need fundamental financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow friendly repayments, which are either daily or weekly.
The application to your Small Business Loan in under 10 minutes by phone. You will receive a same day response and have the funds available in just 24 hours. Traditional business loans are based on an annual interest rate plus other fees and charges. Our company loan is an upfront priced loan so you will be aware in advance of the amount you will have to pay, including the interest, fees and charges. This is then broken down into weekly or daily repayment figure.
A Small Business Loan can be used for almost every company purpose including control of cash flow company renovations, marketing for purchasing inventory or new equipment, or as general working capital and much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger amount of loan to help business expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed for up to 36 months. Repayments are either weekly or fortnightly to work with you cashflow.
The Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the amount of the loan.
To be eligible for a loan of this size the company needs to have been trading for at least 3 years with an annual turnover of $700K. You must 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 of proving at least 12 months of trading.
A Larger Business Loan is a great option for almost every business purpose including company remodeling, buying new equipment or inventory, as general working capital, and much more. The loan cannot be used for personal use.
Asset security is necessary to access funding over $150,000. It is usually by way of charge on assets, which could also include registration through the PPSR or the registration of a caveat.
A director’s or personal ensure is a guarantee to repay a loan which is generally based rather than stipulating the security of a specific asset. The person who signs the ensure is personally responsible if the business the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including objects or assets). The PPSR grants priority over personal property to be assigned in accordance with the date on which a registration of a security interest.
A caveat is a legal document that is filed to offer notice of a legal claim against a property.
If you’re requesting a Larger Business Loan of more than $250,000 we can offer a preliminary pre-approval to help simplify the process. We may be able to get this done without a credit check, and within six hours of your initial application. The pre-approval process is based on an initial assessment, which involves you answering a few financial well-being questions. It is not an offer of credit or guarantee of finance. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you are offered could be on different conditions.
You can apply for a business loan if you;
The application process is fast and simple. Just complete the online application in just a few minutes, and a dedicated business loan specialist will call you to assist you.
To apply for up $100,000 you’ll need proof of identity (valid Driver’s License) and an NZBN/IRD that is valid and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K to $250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (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 including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K and up) We can usually provide an answer in just one hour, provided you make your application at quality company times and allow us to utilise the bank verification system link to instantly verify your bank information online. If you opt to upload copies of your bank statements we can offer the decision in as little as one business day.
If you are applying for a Larger Business Loan ($100K or more) we could be able to offer you with pre-approval conditional to your application in around 6 hours. After you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Some agreements have been approved within the space of 24 hours.
The quickest way to apply would be to make sure you apply during standard company hours. Also, permit us to use the modern bank verification to check your bank’s information online. If you upload copies of your bank statement, it takes a bit longer.
For the Small Business Loan ($5K to $100K) we can often offer an answer within one hour – provided you submit your request at normal business time and you allow us to use the bank verification system to instantly verify your bank information online. If you opt to submit copies of your bank statements, we are able to provide a decision in as little as an business day.
If you are applying for Larger Business Loans ($100K or more) we may be able to provide you with a conditional pre-approval in around six hours. Once you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this can be faster depending on the specifics of each application. Certain offers have been approved in the space of 24 hours.
The quickest method would be to make sure 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 send us the copies of bank statements, it can take a bit longer.
We offer loans that range from $5,000 to $500,000. When you submit an application for a certain amount, we look at a variety of factors in order to assess how much we can lend you well-being of the company and the extent of the repayments your business will be able to support. The amount you receive from your loan will depend on the particular circumstances for your business.
When you apply for a set amount, we will consider a number of factors to determine the health that is your business as well as the amount of repayments that your business will be able to support. The amount you receive from your loan will be contingent on the particular circumstances of your company.
If you decide to make an application for our business credit, we’ll assess the risk profile of your company and provide you with a customised offer that includes loan amount, term and interest rates. It is a business loan is an upfront-priced loan and you’ll be aware of the total amount due, which includes any charges, interest rates or fees.
The interest rates on business loans rates differ based on various factors such as the amount that is of money borrowed, the company assets the money will be used for, the industry the business operates in, how long the company has been in operation, how long the business has enough cash flow to cover the loan, and general well-being and creditworthiness of the business.
There aren’t any hidden costs for our company loans, and you’ll know precisely what you need to pay and when, right from day one. There’s not any compounding interest and no additional fees (as long as you make your payments in time).
We don’t charge an Application Fee. You can get a cash loan no cost upfront or the obligation to take action.
The Origination Fee is the cost associated with the setting up and management of the loan. You are only charged this fee if you decide to take the loan. Our Origination Fee is 2.5 percentage of the loan amount.
You can choose to repay all of your loan early at any time.
If you choose to do this please contact our helpful company loan specialists. They 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 balance plus any accrued interest as of the time of early payout plus 1.5% of the principal balance as well as any outstanding fees.
To ensure you do not miss repayments and to fit in with your cash flow standard, we provide payments that are either weekly or daily. These are automatically withdrawn from your nominated company account.
The security of your personal information, as well as knowing how we collect, use, exchange and protect your information, is of huge importance and a vital part of our relationship with you.
Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to the security of our clients as well as their security. We employ an exceptionally sophisticated bank verification system to instantly verify the bank account details online, allowing us to offer a fast response.
Asset-based borrowing occurs when a business owner makes use of the assets they have to secure the funds for a loan. The asset could be an asset belonging to the personal, like the family home or a company asset such as a vehicle or other piece of machinery.
The majority of banks, including the banks with the biggest size, prefer to secure loans against assets. If you’re having trouble paying back the loan, your asset may be sold by the lender. In essence, it’s an opportunity to secure new financing by taking advantage of the value of what you already have.
Up to $150K in loans the requirement for asset security is not required upfront to access the money, however we do need an individual guarantee. In the event that you fulfill the terms of your loan (as stated in your loan contract) Asset security is not needed. For loans of over $150,000 generally, you can get an individual guarantee and security is provided in the form of charges on assets.
