The requirements for getting an unsecured business loan in Brisbane of between $5K and $100K is fairly low.
Are you looking for additional funding? Review the conditions of eligibility for our $100K-$500K company loans.
All that’s needed for starting is your contact details (company name, your name, email and phone) along with the amount you’d like to borrow, and your monthly earnings.
During the process and before settlement we will require confirmation of your identity, but not for starting:
Once we’ve 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 offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow-friendly repayments, which are either daily or weekly.
The application for your Small Business Loan in under 10 minutes online or over the phone, receive an instant response and the funds could be in your account within 24 hours. Traditional business loans are based on an interest rate per annum plus other fees and charges. We offer a business loan is a loan that is priced upfront and you’ll know ahead of time the total amount to be paid, including any fees, interest or charges. This is then broken down into either weekly or daily installment amount.
The Small Business Loan can be used for almost every company use, including control of cash flow business renovations, marketing for purchasing inventory or new equipment, or as general working capital and so 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 from $100,000 to $500,000 over a fixed term up to 36 months. Repayments are either weekly or fortnightly to work with your situation.
A Larger Business Loan has an Origination Fee, which is calculated at 2.5% of the amount of the loan.
To qualify for a loan of this size, your company needs to have been in operation for at least 3 years and have an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A large business loan can be used to fund almost all company purpose including company improvements, purchasing new equipment or inventory, as general working capital, and much more. The loan is not available to fund personal expenses.
Asset security is necessary to access funding over $150,000. It’s by way of charge over assets, and may include registration on the PPSR or filing as a caveat.
A director’s or personal ensure is a commitment to pay back a loan that is generally in nature rather than specifying security over an asset. The person who is signing the ensure is personally responsible if the business creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including the assets or goods). The PPSR gives priority over personal property to be assigned according to the date the registration of a security interest.
A caveat is a legal document filed to offer the legal claim against a property.
When you’re applying for larger business loans of $250K or more, we may offer an initial pre-approval in order to make the process. It is possible to do this without a credit check, and within 6 hours of your initial application. The pre-approval process is based on a preliminary assessment which includes you answering a few financial health checks. This is neither an offer nor a guarantee of finance. Acceptance without condition is subject to a full credit assessment and any offer that you receive could be subject to different conditions.
You may apply for an business loan if you:
The application process is quick and easy. Just fill out the online application in just a few minutes, and an experienced company expert in lending will call you to guide you through the process.
For a loan of up to $100,000, you’ll need identification details (valid Driver’s License) and an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll need:
$100K to $250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K to $500K: Details of the application, including credit consent and 12 months of bank statements, IRD statement, last 2 years finalised financial statements, in addition to interim current financial year financials as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K or more) we can often provide an answer within one hour – as long as you apply during standard business time and allow us to utilise the bank verification system link to instantly verify your bank details online. If you choose to upload copies of your bank statement, we’ll provide an answer within just 1 business day.
For the Larger Business Loan ($100K or more) we may be likely to offer 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 may be quicker depending upon the circumstances for each application. Some transactions have received approval within less than 24 hours.
The quickest way to apply is to make sure you apply during normal business hours. You can also allow us to use the advanced bank verification system to instantly verify your bank account information online. If you choose to send us the copies of bank accounts, it can take a bit longer.
For the Small Business Loan ($5K or more) We can usually offer an answer within one hour if you apply during normal business hours and let us utilise the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statements, we’ll be able to offer the decision in as little as the span of one business day.
If you are applying for Larger Business Loans ($100K to $500K) we could be capable of offer you with conditional pre-approval in about six hours. Once you’ve signed the pre-approval form, it will take around 2-3 days for final approval. However, this could be shorter based on the circumstances of each application. Some deals have been approved within just 24 hours.
The fastest way for you to apply is ensure you apply during standard business hours and let us use the sophisticated bank verification to check your bank’s information online. If you choose to upload copies of your bank accounts, it will take a little longer.
We offer loans ranging from $5,000 to $500,000. If you apply for a particular amount, we look at a variety of elements for determining how much we can lend you health that is your business and the amount of repayments that your business can support. The total amount of the loan will be determined by the particular circumstances the company.
When you apply for a certain amount, we will consider a number of factors to assess how much we can lend you such as health of the business and the amount of repayments your company can afford. The amount you receive from the loan will be determined by the specific circumstances of your company.
If you decide to apply for one of our business credit, we will assess the risk profile of your business and offer you with a customised offer including loan amount, term and the interest rates. A company loan is an upfront priced loan and you’ll know in advance the total amount to be paid, including any charges or interest.
Business loan interest rates differ based on various variables like the amount to be borrowed, the company assets the money will be used for and the sector the business operates in, the long the business has been operating as well as whether the business has enough cash flow to cover the loan, and also the overall well-being or creditworthiness of the business.
There are no hidden costs with our company loans, and you’ll know exactly how much you’ll be required to pay and at what time, from the very first day. There’s no compounding and no extra fees (as long as you make your payments in time).
We do not charge an Application Fee. You are able to get a cash loan with absolutely no upfront cost and no commitment to apply.
The Origination Fee is the cost associated with setting up and managing the loan. You are only charged this fee if you proceed with the loan. The Origination Fee for us is 2.5% of the amount of loan.
You can repay the total amount of your loan early at any time.
If you are deciding to do this please call our helpful business credit professionals. We will provide you with the details of your repayment and an early payment figure. This is calculated as the total of the principal balance plus any accrued interest as of the time of early payment and 1.5% of the principal balance and any fees that remain unpaid.
To make sure that you don’t miss payment dates and to align with your cash flow standard, we provide payments that are either weekly or daily. These are automatically deducted from the nominated company account.
Security of your data, and being transparent about how we collect, use, exchange and safeguard your data, is crucial and a vital aspect of our relationship with you.
Yes. We use industry recognised encryption standards to protect your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our commitment to customer security and privacy. We utilise a sophisticated bank verification system that allows you to immediately confirm your bank account information online, allowing us to offer rapid response.
The term "asset-based" refers to borrowing where an company owner uses an asset that they own to secure the funds for a loan. The asset may be an individual asset, such as the family home or it could be a company asset such as a vehicle or other piece of machinery.
The majority of lenders, not just the largest banks, are inclined to secure loans against an asset. If you’re struggling to pay back the loan then the asset might be sold by the lender. In essence it’s means of securing new financing by taking advantage of the value of what you already own.
Up to $150,000 in loans no asset security is required prior to the loan’s access but we do require the personal guarantee. In the event that you fulfill the terms of your loan (as specified in your loan contract) the security of assets will never be needed. For loans over $150,000 generally, there is an individual guarantee and security in the form of a charge over assets.
