The requirements for getting 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 to $500K business credit.
All that’s needed for starting is your contact information (the name of your company, your name, email address and telephone) along with the amount you’d like to borrow, and your monthly revenue.
Through the process and before settlement we will need confirmation of who you are, but not before we can begin:
After we start in the process, for loans over $150,000 you’ll also need basic financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow friendly repayments that are either per day or weekly.
It is possible to apply for this Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get a same day response and funds may be on your account within 24 hours. Traditional company loans have an annual interest rate plus other fees and charges. We offer a business loan is an upfront priced loan and you’ll know in advance the total amount due, which includes any fees, interest or charges. Then, it is broken down into either weekly or daily payment amount.
A Small Business Loan can be used to fulfill almost any business reason, such as managing cash flows, business remodels and marketing to purchase inventory, new equipment, for general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are weekly or fortnightly in order to accommodate the flow of cash.
The Larger Business Loan has an Origination Fee that is determined at 2.5% of the amount of the loan.
To be eligible for a loan in this amount, your 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) who is over the age of 18 and have a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.
A large company loan can be used to fund almost any company need, including company improvements, purchasing equipment or inventory or as general working capital and so much more. The loan cannot be used to fund personal expenses.
Asset security is needed for accessing funds over $150,000. This can be done by taking a charge over assets, and could include registration in the PPSR or making a caveat.
A director’s or personal guarantee is a commitment to pay off a credit line that is generally based rather than defining the security of a specific asset. The person signing the guarantee is personally liable in the event that the company creditor is unable 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 granted to individuals who own personal property (including the assets or goods). The PPSR gives the priority of personal property granted depending on the date that a security interest has been registered.
Caveats are legal document that is filed to provide an official notice of a claim to property.
If you’re requesting the Larger Business Loan that exceeds $250K we may be able to provide an initial pre-approval that will help make the process. We might be able to make this decision without a credit check and within six hours of your initial application. This pre-approval is based on a preliminary assessment which includes answering a couple of financial well-being questions. It’s not an offer or guarantee of funds. The approval of a conditional loan is subject to a full credit assessment and any offer that you might receive could have different conditions.
You may apply for an company loan if you
The application process is simple and simple. Complete the online form in few minutes and a dedicated business credit specialist will call you to assist you.
To be eligible for up to $100,000 you’ll require proof of identity (valid Driver’s Licence) along with a valid NZBN/IRD and at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll also need:
$100K – $250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Details of the application, including credit consent twelve months bank statement, an IRD statements Last 2 years’ finalised financial statements, and interim financials from the current financial year including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K up to $100,000) we can often provide an answer in just one hour – as long as you apply within quality company time and allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you opt to send us copies of your bank statements , we will be able to offer an answer in as little as the span of one business day.
For Larger Business Loans ($100K up to $500,000) we may be able to offer you with pre-approval conditional to your application in about six hours. After you’ve signed your pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this can be quicker based upon the circumstances for each application. Some offers have been approved in just 24 hours.
The quickest way to apply can be make sure you apply during normal business hours and allow us to use the advance bank verification link to verify your bank information online. If you send us documents from your account statement, it will take a little longer.
For the Small Business Loan ($5K or more) we typically offer a response in one hour if you apply during normal business time and let us make use of the advanced bank verification system to instantly verify your bank details online. If you opt to upload copies of your banking statements we can offer the decision in just 1 business day.
For the Larger Business Loans ($100K to $500K) we may be able to provide you with pre-approval conditional to your application in about six hours. Once you’ve signed your pre-approval document, you will require to wait between 2 and 3 days for the final approval, however this could be shorter based upon the circumstances for each application. Certain deals have been approved within the space of 24 hours.
The fastest method for you to apply is make sure you apply during standard business hours and allow us to use our modern bank verification link to instantly verify your bank information online. If you send us duplicates of your banking statements, it can take a bit longer.
We offer the loan amount between $5,000 to $500,000. If you apply for a specific amount we take into consideration a range of factors to determine how much we can lend you health of the company and the level of the repayments your business can support. The total amount of your loan will depend on the specific circumstances for your company.
When you submit an application for a specific amount we look at a range of factors to assess your health of the business and the extent of repayments your company is able to afford. The total amount of your loan will be determined by the particular circumstances of your company.
If you decide to apply for the business financing, we will assess the risk assessment for your company and provide an individualised offer that includes the amount of the loan, the duration and the interest rates. The company loan is an upfront cost loan which means you know in advance the total amount to be paid, including any charges or interest.
Interest rates for company loans rates vary due to variables like the amount to be borrowed, what company assets the money are used to purchase and the sector the business operates in, how long the company has been operating for, how long the company has enough cash flow to support the loan, and general well-being and creditworthiness of the company.
There are no hidden fees for our company loans. You’ll be aware of the amount you need to pay, and at what time, from the first day. There’s no compounding and no extra fees (as as long as you pay your payments in time).
We do not charge an application fee. You can request a credit loan with absolutely no upfront cost and no the obligation to take action.
The Origination Fee includes the expenses associated with the setting up and management of the loan. This is only a fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You may choose to pay back the entire amount of the loan in full at any time.
If you decide to do this please contact our helpful business loan professionals. They will provide you with details for repayment as well as an early payout amount. This will be calculated as the sum of the principal balance and the accrued interest up to the time of early payment in addition to 1.5% of the principal remaining plus any outstanding fees.
To help you avoid missing due dates and also to be in line your cash flow cycle we provide repayments either weekly or daily. They are automatically deducted from your nominated business account.
The security of your personal information, as well as knowing how we collect, use, exchange and safeguard your data, is vital and is a crucial part of our relationship with you.
Yes. We utilise industry-recognised encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 qualified for our dedication to customer security and security. We make use of an advanced bank verification system to instantly verify your bank account details online, allowing us to offer a fast response.
An asset-based loan is when a business owner makes use of assets they own to make the funding. The asset may be an asset belonging to the personal, like the family home, or a business asset such as a truck as well as a piece of machine.
The majority of banks, including the major banks, prefer to make loans secured by assets. If you are having difficulty paying back the loan then the asset might be taken over by the lender. In essence, it is means of securing additional financing using the value of what you already have.
For loans up to $150K there is no requirement for asset security before you are able to access the money However, we do require an individual guarantee. As long as you follow the terms of your loan (as stated in your loan contract document) Asset security will never be required. For loans that exceed $150,000, generally there is personal guarantee and security that is in the form a charge over assets.
