The eligibility requirements for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Need more funds? Review the eligibility requirements for our $100K to $500K company loans.
All that’s required for starting is your contact information (the name of your company, your name, email and telephone), how much you’d like to lend, and your monthly income.
In the course of the process and before settlement we’ll need confirmation of your identity but not to get started:
Additionally after we get started, for loans of more than $150,000 you’ll require the following financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts of between $5,000 and $100,000 with terms between 3 and 24 months and cash flow friendly repayments that are either per day or weekly.
Apply to this Small Business Loan in under 10 minutes over the phone. You’ll get an answer within the same day and funds may be available in just 24 hours. Traditional business loans refer to an annual rate of interest along with other charges and fees. We offer a company loan is a pre-paid loan so you will know in advance the total amount to be paid, including any interest, fees or charges. Then, it is broken down into either a daily or weekly installment amount.
A Small Business Loan can be used for nearly every company reason, such as control of cash flow company improvements, advertising, to purchase inventory or new equipment, for general working capital and so much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger loan size to support company expansion opportunities. Loans range between $100,000 and $500,000 with a term fixed that can last up to 36 months. Repayments are scheduled weekly or fortnightly, depending on the flow of cash.
A Larger Business Loan has an Origination Fee, calculated at 2.5% of the loan amount.
To qualify for a loan of this size the business needs to have been in operation for at least 3 years and have an annual turnover of $700K. It is necessary to 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 demonstrate at least 12 months of trading.
A large business loan can be used to fund almost all company purpose including business improvements, purchasing 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. It is usually by way of charge on assets, and could include the registration of this in the PPSR or making a caveat.
A personal or director’s guarantee is a promise to repay credit that is generally in nature rather than stipulating security over a particular asset. The person who is signing the guarantee is personally responsible if the business lender is not able to repay 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 registered in respect of personal property (including the assets or goods). The PPSR gives preference over private property assigned in accordance with the date on which a registration of a security interest.
Caveats are legal document that is filed to offer an official notice of a claim on a property.
If you’re requesting larger company loans of more than $250,000 it is possible to offer an initial pre-approval that will help simplify the process. We may be able to make this decision without credit checks and within six hours of your initial application. This pre-approval is based on a preliminary assessment which includes you answering some financial health questions. This is in no way an offer, nor is it a guarantee of finance. A conditional approval is subject a full credit assessment and any offer you may receive may be on different conditions.
You may apply for a company loan if you;
The application process is quick and simple. Simply complete the online form within a couple minutes, and a dedicated business loan specialist will contact you to help you.
To be eligible for up to $100,000 you’ll need ID details (valid Driver’s License) and a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll need:
$100K-$250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K-$500K: Information on the application including credit consent, 12 month bank accounts, the IRD statement Last 2 years’ finalised financial statements, and interim current financial year financials as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K and up) we can often offer an answer within an hour – as long as you submit your request during quality business timings and permit us to utilise the advanced bank verification system to instantly verify your bank’s information online. If you opt to send us copies of your bank statements , we will be able to provide the decision within 1 company day.
For the Larger Business Loan ($100K or more) we may be able to offer you with a conditional pre-approval within about 6 hours. Once you have 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 offers have been approved in 24 hours.
The most efficient method is to ensure you apply during standard company hours and allow us to use our advance bank verification link to instantly check your bank’s information online. If you decide to send us duplicates of your banking statements it takes a bit longer.
For the Small Business Loan ($5K and up) we can often provide an answer within an hour – as long as you make your application during standard business time and let us make use of the advanced bank verification system link to instantly verify your bank information online. If you choose to submit copies of your bank statements we can offer an answer within 1 business day.
If you are applying for Larger Business Loans ($100K to $500K) We may be able to provide you with conditional pre-approval in around six hours. Once you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval, however this could be shorter based on the specifics of each application. Some offers have been approved within the space of 24 hours.
The fastest way would be to ensure you apply during standard business hours. Also, let us use the advance bank verification to confirm your bank details online. If you decide to send us documents from your account statements, it can take a bit longer.
We provide the loan amount between $5,000 and $500,000. If you apply for a certain amount we look at a variety of variables for determining the health of your company as well as the amount of the repayments your business is able to afford. The total amount of your loan will be contingent on the particular circumstances of your business.
When you submit an application for a particular amount, we look at a range of elements to assess the health of your company and the level of the repayments your business can support. The total amount of your loan will be contingent on the particular circumstances for your company.
If you decide to apply for our company loans, we’ll assess the risk assessment for your company and provide you with a customised offer that includes the loan amount, the terms and the interest rates. It is a company loan is a loan that is priced upfront therefore you will know the exact amount you will have to pay, including charges, interest rates or fees.
Business loan interest rates depend on several factors such as the amount that is of money borrowed, the business assets the funds are used to purchase, the industry the business operates in, how long the company has been running for, in the event that the business has enough cash flow to cover the loan, and general health or creditworthiness of the business.
There aren’t any hidden costs with our company loans. You’ll know precisely how much it is that you need to pay and when, right from the day you sign up. There’s not any compounding interest and no extra fees (as as you make your payments punctually).
We don’t charge an Application Fee. You are able to apply for a loan with without any upfront costs or commitment to apply.
The Origination Fee covers the costs associated with setting up and managing the loan. The only way to pay this cost if you take out the loan. Our Origination Fee is 2.5% of the amount of loan.
You may choose to pay back the total amount of your loan early at any time.
If you are deciding to do this please contact our helpful company lending professionals. We will offer you with details for repayment along with an early payout estimate. It will be calculated using the total of the remaining principal amount and any accrued interest at the date of early payout plus 1.5 percent of the principal balance as well as any outstanding fees.
To help you avoid missing payments and to work with your cash flow routine, we provide repayments either daily or weekly. These are automatically withdrawn from the nominated company account.
The security of your personal information, as well as making it clear how we collect, use, exchange and ensure the security of your information is of huge importance and is a crucial part of our relationship with you.
Yes. We make use of industry-standard encryption techniques to protect your sensitive, personal and financial data and our funders are ISO 27001 qualified for our commitment to customer security and security. We make use of an advanced bank verification system that allows you to instantly verify the bank account details online so we can offer an immediate response.
Asset-based borrowing is when a business owner makes use of assets they own to secure a loan. The asset can be either an individual property, such as the family home, or an company asset like a truck as well as a piece of machine.
The vast majority of the lenders not just the largest banks, are inclined to guarantee loans against assets. If you’re struggling to pay back the loan then the asset could be offered for sale by the lender. In essence it’s a way of securing new financing using the worth of the asset you already have.
Up to $150K in loans there is no requirement for asset security before you are able to access the money, however we do need a personal guarantee. In the event that you fulfill your loan obligations (as detailed in the loan contract) the security of assets is not required. For loans of over $150K generally there is the option of a personal ensure and security in the form of a charge over assets.
