The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K is fairly low.
Need more funds? Check out the guidelines for eligibility for our $100K to $500K company credit.
All that is needed for starting is your contact details (the name of your company, your name, email and phone) as well as the amount you want to borrow, and your monthly earnings.
Through the process and before settlement we will need confirmation of your identity but not to get started:
In addition, once we have started when it comes to loans over $150,000 you’ll also require basic financial statements:
Let’s get started now.
Brisbane unsecured loans offers amounts of between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow-friendly repayments that are either per day or weekly.
Apply for your Small Business Loan in under 10 minutes online or by phone. You will receive an instant response and funds may be in your account in 24 hours. Traditional company loans reference an annual interest rate as well as other fees and charges. This business loan is a loan that is priced upfront and you’ll be aware of the total amount payable including any interest, fees or charges. This is then broken down into either weekly or daily payment amount.
The Small Business Loan can be used for almost any business purpose including managing cash flows, business remodeling, marketing for purchasing inventory or new equipment, to fund general working capital, and much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans range from $100,000 to $500,000 with a fixed-term up to 36 months. Repayments are either weekly or fortnightly depending on the flow of cash.
A Larger Business Loan has an Origination Fee which is calculated at 2.5 percentage of the loan amount.
To qualify for a loan in this amount, your business needs to have been trading for at least 3 years and generate an annual revenue of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.
A Business Loan of a larger size can be used for almost every business need, including business improvements, purchasing new equipment or inventory for general working capital, and much more. The loan is not available for personal use.
Asset security is needed to obtain funding above $150,000. It’s by taking a charge against assets and can include registering this on the PPSR or the registration of a caveat.
A director’s or personal ensure is a commitment to pay off a credit line that is generally based rather than specifying security over an asset. The person who is signing the ensure is personally accountable if the business creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including goods or assets). The PPSR allows priority over personal property to be assigned depending on the date that a registration of a security interest.
A caveat is a legal document lodged to offer the public notice of a legal claim on a property.
If you’re requesting the Larger Business Loan that is greater than $250K it’s possible to offer an initial pre-approval that will help smooth out the process. We may be able to do this without a credit check, and within 6 hours of the initial application. This pre-approval is based on an initial evaluation that involves you answering some financial health questions. It is not an offer or guarantee of finance. Unconditional approval is subject to a full credit assessment and any offer that you receive could have different conditions.
You are eligible to apply for an company loan if you:
The application process is simple and easy. Just fill out the online application in just a few minutes, and an experienced company lending specialist will be in touch to guide you.
For a loan of up to $100,000 you’ll require identification details (valid Driver’s License) and an NZBN/IRD that is valid and at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K – $250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K to $500K: Details for application including credit consent, 12 months of bank statements, IRD statements Last 2 years’ finalised financial statements, and interim financials for the current financial year including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K to $100K) we can often offer a response in one hour – as long as you make your application during standard business hours and allow us to use the advanced bank verification system to immediately verify your bank account information online. If you choose to send us copies of your bank statement, we’ll offer an answer within just an business day.
For Larger Business Loans ($100K and up) we may be likely to provide the conditional pre-approval within about 6 hours. Once you have signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this may be quicker depending on the circumstances of each application. Some deals have been approved in 24 hours.
The fastest way can be ensure you apply during normal company hours. Also, permit us to use the modern bank verification to verify your bank account information online. If you choose to send us documents from your account statements it takes a bit longer.
For the Small Business Loan ($5K and up) we can often offer a response in one hour – provided you make your application within normal business times and permit us to make use of the advanced bank verification system to instantly verify your bank information online. If you choose to upload copies of your banking statements we can provide an answer within an business day.
If you are applying for Larger Business Loans ($100K and up) we might be able to offer you with conditional pre-approval within about six hours. After you’ve signed the pre-approval document, you will need to wait approximately 2-3 days to receive final approval. However, this could be shorter based on the particular circumstances of each application. Certain offers have been approved within the space of 24 hours.
The fastest way for you to apply is ensure you apply during normal business hours and let us use the modern bank verification link to check your bank’s information online. If you choose to send us documents from your account statements, it can take a bit longer.
We offer loans ranging from $5,000 and $500,000. If you apply for a certain amount we consider a variety of aspects to determine what is the health for your business and the level of repayments your company is able to afford. The amount you receive from your loan will be contingent on the particular circumstances for your business.
When you apply for a certain amount, we look at a range of variables to determine the health for your company and the level of the repayments your company is able to afford. The total amount of the loan will be determined by the specific circumstances of your business.
When you request one of our business loan, we’ll assess the risk profile the business and provide an individualised offer that includes the amount of the loan, the duration and the interest rates. The company loan is an upfront-priced loan therefore you will know in advance the total amount you will have to pay, including costs, fees, or interest rates.
Interest rates for business loans rates depend on a variety of factors like the amount of money borrowed, what business assets the funds are used to purchase, the industry the company operates in, the long the company has been in operation and how long the company has enough cash flow to pay for the loan, and overall health and creditworthiness of the business.
There aren’t any hidden charges with our company loans, and you’ll be aware of the amount you’ll be required to pay and when, right from the very first day. There’s no compounding interest, and no additional fees (as as you make your payments on time).
We do not charge an Application Fee. You can make an application for loans with no upfront cost or any obligation to sign up.
The Origination Fee covers the costs associated with the setting up and management of the loan. It is only charged for this cost if you take out the loan. The Origination Fee for us is 2.5% of the loan amount.
You can choose to repay the entire amount of your loan early at any time.
If you are deciding to take this route, please speak to our friendly business loan professionals. The professionals will provide you with the details of your repayment as well as an early payout amount. It will be calculated using the total of the remaining principal amount and any accrued interest at the time of early payment plus 1.5% of the remaining principal plus any outstanding fees.
To ensure you do not miss repayments and to fit in your cash flow schedule, we provide repayments either weekly or daily. They will be automatically deducted from your nominated company account.
Protecting your information, and being transparent about how we collect the information we collect, use, share and protect your information, is vital and a vital part of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our commitment to customer security and privacy. We utilise a sophisticated bank verification system link to immediately verify the bank account details online. This allows us to provide quick responses.
An asset-based loan is when a company owner borrows from assets they own to obtain the funding. The asset can be either a personal asset like the family home or a business asset such as a vehicle or piece or equipment.
The majority of banks, not just the largest banks, are inclined to secure loans against assets. If you are having difficulty paying back the loan then your asset may be sold by the lender. In essence, it is the process of securing new financing using the worth of the asset you already have.
For loans up to $150K it is not necessary to secure assets prior to the loan’s access, however we require a personal guarantee. require a personal guarantee. As long as you follow your loan obligations (as specified in the loan contract) and you are able to meet your obligations, asset security will never be required. For loans of over $150K generally, you can get a personal guarantee and security that is in the form the charge of assets.
