The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Need more funds? Check out the eligibility requirements for our $100K-$500K company loans.
All you need to begin is your contact information (the name of your company, your name, email or phone number) along with the amount you’d like to borrow, and your monthly revenue.
During the process and before settlement we will require confirmation of your identity but not to get started:
After we start, for loans of more than $150,000 you’ll require basic financial statements.
Let’s get started now.
Brisbane unsecured loans provides amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow friendly repayments that are either per day or weekly.
Apply to get this Small Business Loan in under 10 minutes online or over the phone. You’ll get an immediate response, and the funds could be on your account within 24 hours. Traditional business loans reference an annual rate of interest along with other charges and fees. Our business loan is a cash-based loan which means you be aware of the total amount to be paid, including any fees, charges or charges. This is then broken down into a daily or weekly repayment figure.
The Small Business Loan can be used for virtually any business reason, such as the management of cash flow, business improvements, advertising to purchase inventory or new equipment, as general working capital and so much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help business expansion opportunities. Loans are between $100,000 and $500,000 over a fixed term that can last up to 36 months. Repayments are weekly or fortnightly in order to accommodate the flow of cash.
This Larger Business Loan has an Origination Fee, which is determined at 2.5 percent of the loan amount.
To be eligible for a loan that is this large the business needs to be operating for a minimum of 3 years, and have an annual income of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old or have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A larger company loan can be used to fund almost all business need, including business improvements, purchasing new equipment or inventory as well as for general working capital, and much more. The loan cannot be used for personal use.
Asset security is needed for funding of more than $150,000. This can be done as a result of an charge against assets, and may include registering this with the PPSR or filing a caveat.
A director’s or personal guarantee is a commitment to repay credit that is generally based rather than defining the security of a specific asset. The person who signs the guarantee is personally accountable if the company borrower is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It contains security interests registered in respect of personal property (including goods or assets). The PPSR gives priority over personal property to be granted according to the date the registration of a security interest.
A caveat is a legal document lodged to offer notice of a legal claim to property.
If you’re seeking an enterprise loan of more than $250,000 we can offer an initial pre-approval to simplify the process. We might be able to apply for this without a credit check, and within 6 hours of your initial application. The pre-approval is based upon an initial assessment, which involves you answering some financial health checks. It is neither an offer nor a guarantee of finance. Acceptance without condition is subject to an extensive credit evaluation and any offer you receive could be subject to different conditions.
You can apply for an business loan if you
The process for applying is fast and simple. Just complete the online application in few minutes and an experienced business expert in lending will contact you to assist you.
For a loan of up to $100,000, you’ll need ID details (valid Driver’s Licence) along with a valid NZBN/IRD as well as at least six months of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K – $250K: Application requirements, 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 as well as 12 months of bank statements, IRD statement, last 2 years finalised financial statements, as well as interim financials for the current financial year as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K up to $100,000) we typically provide an answer in just one hour if you submit your request in quality business times and allow us to utilise the bank verification system to instantly verify your bank details online. If you choose to upload copies of your bank statements , we will be able to offer a decision in as little as an business day.
For Larger Business Loans ($100K and up) we could be capable of offer you with a conditional pre-approval in around 6 hours. Once you have signed the pre-approval document, you will require to wait between 2 and 3 days for the final approval. However, this can be quicker based on the circumstances of each application. Some offers have been approved in less than 24 hours.
The quickest method is to make sure you apply during standard company hours, and let us use the advance bank verification link to instantly verify your bank information online. If you decide to upload copies of your bank statements , it can take a bit longer.
For the Small Business Loan ($5K to $100K) we typically provide a response in one hour – as long as you make your application in standard business hours and allow us to use the bank verification system to instantly verify your bank information online. If you want to submit copies of your bank statement, we’ll offer an answer within an business day.
If you are applying for Larger Business Loans ($100K to $500K) we may be in a position to offer you with conditional pre-approval in around six hours. Once you’ve signed the pre-approval document, you will need to wait approximately 2-3 days to receive final approval. However, it could be faster based on the particular circumstances of each application. Some agreements have been approved within 24 hours.
The quickest method can be ensure you apply during standard business hours and let us use the advanced bank verification system link to verify your bank account information online. If you choose to send us duplicates of your banking accounts, it takes a bit longer.
We offer loans that range from $5,000 and $500,000. If you apply for a certain amount, we will consider a number of factors that determine how much we can lend you health that is your business and the extent of the repayments your business can support. The amount you receive from the loan will be determined by the specific circumstances that are unique to your business.
When you submit an application for a set amount, we will consider a number of factors to assess your health of the business and the amount of repayments your company can support. The total amount of your loan will be contingent on the particular circumstances for your company.
When you apply for the company loans, we will assess the risk profile for your company and provide an individualised proposal that includes the amount of the loan, the duration and the interest rates. The company loan is an upfront cost loan and you’ll be aware of the total amount you will have to pay, including charges, interest rates or fees.
The interest rates on company loans rates differ based on various variables like the amount to be borrowed, the business assets the money will be used for in addition to the industry that the business operates in, how long the business is in operation as well as how long the company has enough cash flow to fund the loan, and the general well-being and creditworthiness of the business.
There are no hidden fees for our company loans. You’ll know precisely what you need to pay, and when, starting from the very first day. There’s not any compounding interest and there are no additional charges (as as long as you pay your payments punctually).
We do not charge an application fee. You can make an application for loans absolutely no upfront cost and no any obligation to sign up.
The Origination Fee includes the expenses associated with establishing and managing the loan. It is only charged for this fee if you choose to proceed with the loan. Our Origination Fee is 2.5% of the amount of loan.
You may choose to pay back the entire amount of the loan early at any time.
If you do decide to do this please contact our helpful business lending professionals. They will provide you with repayment details as well as an early payout amount. This will be calculated as the sum of the principal balance plus any accrued interest as of the date of early payout, plus 1.5% of the principal remaining and any fees that remain unpaid.
To ensure that you don’t miss repayments and to fit in with your cash flow cycle we offer repayments that are either daily or weekly. They are automatically deducted from the nominated company account.
The security of your personal information, as well as being clear about the ways we gather, use, exchange and safeguard your data, is crucial and an integral part of our relationship with you.
Yes. We use industry recognised encryption techniques to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our commitment to customer security and privacy. We use an advanced bank verification system that allows you to instantly verify your bank account details online to offer a fast response.
Asset-based borrowing is when a business owner borrows from the assets they have to make the loan. The asset could be an individual property, such as the family home, or a business asset such as a vehicle or piece or equipment.
The majority of the lenders including the largest banks, are inclined to guarantee loans against assets. If you’re having trouble paying back the loan, then your asset may be offered for sale by the lender. In essence it’s an opportunity to secure new financing by using the worth of the asset you already have.
Up to $150K in loans there is no requirement for asset security upfront to access the money, however we require a personal guarantee. require the personal guarantee. If you adhere to your loan obligations (as stated in the loan contract) and you are able to meet your obligations, asset security is not required. For loans of over $150K generally, you can get an individual guarantee and security in the form of the charge of assets.
