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Brisbane Business Loans
Providing Specialist Business Finance

Services in Stafford Heights

  • Unsecured Business Loan Stafford Heights
  • Business Finance Stafford Heights
  • Business Lending Stafford Heights
  • Business Loans Stafford Heights
  • Stafford Heights Small Business Finance
  • Stafford Heights Business Funding
  • Stafford Heights Working Capital
  • Stafford Heights Small Business Lending
  • Short Term Business Loans Stafford Heights

Business Finance Stafford Heights Brisbane 4053 QLD

Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K is fairly low.

  • The minimum period of 6 months for which you must be in business
  • At least $6,000 of revenue per month
  • Be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or Driver’s License for evidence of identity
  • Make sure you have an account with a New Zealand bank as your principal trading account
  • Bank statements from the last six months

Do you need more money? Take a look at the eligibility requirements for our $100K to $500K company loans.

Quick application checklist

What do you need to apply

All that’s needed to get started is your contact details (company name, your name, email and telephone) and the amount you’d like to borrow, and your monthly revenue.

In the course of the process and before settlement we will need confirmation of who you are, however, not in order to begin:

  • Idenfication details (valid Driver’s License)
  • Business details including trading time, ownership details and NZBN (New Zealand Business Number)

Additionally after we get started in the process, for loans greater than $150,000 you will also require the following financial statements:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Information About The Brisbane Small Business Loans

Tell me about the Brisbane Small Business Loans

Brisbane unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.

How is how is the Unsecured Loan different from an ordinary business loan?

Apply for your Small Business Loan in under 10 minutes online or over the phone. You’ll get an instant response and have the funds available in just 24 hours. Traditional company loans are based on an annual interest rate along with other charges and fees. The business loan is an upfront priced loan and you’ll know in advance the amount you will have to pay, including any interest, fees or charges. This is then broken down into a daily or weekly installment amount.

What could you use the Small Business Loan be used for?

The Small Business Loan can be used for virtually any business reason, such as cash flow management, business renovations, marketing, to purchase inventory or new equipment, to fund general working capital, and much more. The loan is not available for personal use.

Concerning Larger Brisbane Business Loans

What is the Larger Brisbane Business Loan?

The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans range from $100,000 to $500,000 with a fixed-term for up to 36 months. The repayments are made weekly or fortnightly in order to accommodate the flow of cash.

How’s the Origination Fee determined?

This Larger Business Loan has an Origination Fee, calculated at 2.5 percent of the loan amount.

Do I qualify for the Larger Business Loan?

To be eligible for a loan of this size the business needs to have been operating for at least three years and have an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years, own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.

What can the funding be used for?

A large company loan can be used for nearly every business need, including business renovations, to purchase equipment or inventory as well as for general working capital and so much more. The loan cannot be used to fund personal expenses.

Is the Larger Business Loan one that is secured?

Asset security is needed for accessing funds over $150,000. It is usually by taking a charge against assets, and may include the registration of this through the PPSR or the registration of as a caveat.

A director’s or personal ensure is a promise to pay off a credit line that is general in nature, rather than defining security over an asset. The person who signs the ensure is personally accountable if the company lender is not able to make the repayment.

The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It contains security interests granted to individuals who own personal property (including goods or assets). The PPSR allows the priority of personal property assigned according to the date a security interest was registered.

A caveat is a legal document that is filed to offer notice of a legal claim against a property.

What exactly is a preapproval without Credit Check?

If you’re requesting a Larger Business Loan of $250K or more we may be able to provide an initial pre-approval in order to smooth out the process. We could be able to do this without credit checks and within 6 hours of the initial application. This pre-approval is made based on a preliminary assessment which includes the answer to a series of financial health checks. This is in no way an offer, nor is it a guarantee of finance. The approval of a conditional loan is subject to an extensive credit evaluation and any offer that you receive could be based on different conditions.

Application process

Do I qualify for funds?

You may be eligible for an business loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are at least 18 years old, own a New Zealand company (with a valid NZBN/IRD)
  • you must demonstrate at minimum 6 months worth of trade (for the unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K to $500K)

How do I apply?

The application process is simple and easy. Complete the online form within a couple minutes, and an experienced business lending specialist will contact you to assist you.

To apply for up $100,000, you’ll need the right identification documents (valid Driver’s Licence) and a valid NZBN/IRD as well as at least 6 months of bank statements.

Otherwise, for larger loan sizes, you’ll require:

$100K-$250K: Information about the application including credit consent, 6 – 12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K to $500K: Information on the application including credit consent and 12 month bank accounts, the IRD statements and the last two years’ finalised financial statements, and interim financials for the current financial year as well as Aged Payables and Receivables summary.

What speed will I be able to get a decision?

For an unsecured loan ($5K or more) we typically provide a response in one hour, provided you make your application in quality business hours and you allow us to use the advanced bank verification system to immediately verify your bank account information online. If you opt to submit copies of your bank statements , we’ll be able to offer an answer within just an company day.

If you are applying for a Larger Business Loan ($100K and up) we could be capable of offer you with conditional pre-approval in about 6 hours. Once you have signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, it could be faster based on the specifics of each application. Certain offers have been approved within 24 hours.

The fastest way would be to ensure you apply during standard company hours, and permit us to use the advanced bank verification system link to instantly confirm your bank details online. If you choose to upload duplicates of your banking statements it will take a little longer.

How quickly will I receive the money?

For the Small Business Loan ($5K up to $100,000) we usually offer an answer within an hour, provided you make your application in standard business time and you allow us to use the bank verification system link to immediately verify your bank account information online. If you choose to submit copies of your bank statement, we’ll provide a decision in as little as one business day.

For Larger Business Loans ($100K and up) we might be in a position to offer the conditional pre-approval within about 6 hours. Once you’ve signed your pre-approval form, it will take about 2-3 days for final approval, however this could be shorter based upon the circumstances for each application. Certain agreements have been approved within less than 24 hours.

The fastest way for you to apply is ensure you apply during standard business hours and let us use the advance bank verification to instantly check your bank’s information online. If you decide to send us copies of your bank statements it takes a bit longer.

What is the maximum amount I can borrow?

We offer loan amounts between $5,000 and $500,000. When you make an application for a certain amount we consider a variety of factors that determine your health of the business and the level of repayments your company can afford. The amount you receive from your loan will depend on the particular circumstances of your company.

When you make an application for a certain amount, we take into consideration a variety of variables to assess your well-being of your company and the level of payments your business will be able to support. The total amount of the loan will be determined by the specific circumstances that are unique to your business.

Fees & repayments

How much should you charge for an company loan?

When you apply for business loans with us business credit, we’ll assess the risk assessment for your company and offer an individualised offer, including the amount of the loan, the duration and the interest rates. A company loan is an upfront-priced loan and you’ll be aware of the total amount you will have to pay, including interest rates, fees or charges.

What determines the amount I am charged?

Business loan interest rates differ based on various factors including the amount of money borrowed, the company assets the funds are used to purchase in addition to the industry that the business is operating in, how long the company has been in operation as well as what percentage of the business has sufficient cash flow to pay for the loan, as well as the general well-being or financial standing of the business.

What are the costs?

There aren’t any hidden costs for our business loans. You’ll know precisely how much you’ll be required to pay and when, starting from the day you sign up. There’s not any compounding interest and the loan comes with no additional fees (as long as you are able to make your payments punctually).

We don’t charge an Application Fee. You are able to make an application for loans absolutely no upfront cost and no obligation to proceed.

The Origination Fee includes the expenses associated with the setting up and management of the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5% of the amount of the loan.

Can I repay the loan early?

You can decide to repay the entire amount of your loan at any point in time.

If you do decide to pursue this option, please contact our helpful company loans professionals. The experts will provide you with the details of your repayment along with an early payout estimate. The figure will be calculated as the sum of the principal balance plus any accrued interest as of the time of the early payout and 1.5 percent of the principal balance as well as any outstanding fees.

What are the repayment methods?

To ensure that you don’t miss payment dates and to align with your cash flow standard, we offer repayments either daily or weekly. These are automatically deducted from the nominated business account.

Security & privacy

Will my data be secure?

Making sure that your information is secure, and knowing how we collect, use, exchange and secure your information, is crucial and is an essential part of our relationship you.

Is it safe to link my bank account to the platform?

Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our dedication to the security of our clients as well as their privacy. We utilise a sophisticated bank verification system to immediately verify your bank account information online so we can provide a fast response.

About business loans

How do you define asset-based lending (a secured loan)?

The term "asset-based" refers to borrowing where the business owner uses an asset that they own to get the loan. The asset could be an individual asset, such as the family home, or it could be a business asset like a truck or piece of equipment.

The vast majority of lending institutions, even the major banks, prefer to guarantee loans against assets. If you’re struggling to pay back the loan, then the asset might be transferred to the lender. In essence, it’s means of securing new funding using the worth of the asset you already own.

What do I need security to secure a company loan?

Up to $150K in loans the requirement for asset security is not required in advance to gain access to the funds However, we require a personal guarantee. need a personal guarantee. So long as you comply with the terms of your loan (as detailed in the loan contract) and you are able to meet your obligations, asset security is not required. If you take out loans in excess of $150K typically, you will need personal guarantee and security that is in the form charges on assets.

Brisbane Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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1300 931 836