The requirements for obtaining an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Do you require more money? Check out the eligibility requirements for our $100K-$500K company loan.
All that is needed to begin is your contact details (company name, your name, email address or phone number) and the amount you’d like to borrow, as well as your monthly income.
In the course of the process and before settlement we will need confirmation of who you are but not for starting:
Once we’ve started with loans over $150,000 you’ll require basic financial statements.
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Brisbane unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow-friendly repayments that are either daily or weekly.
Apply to get your Small Business Loan in under 10 minutes on the internet or over the phone, receive an instant response and the funds could be in your account in 24 hours. Traditional business loans have an annual rate of interest together with additional fees and charges. The company loan is a pre-paid loan so you will know ahead of time the amount you will have to pay, including any fees, interest or charges. This is then broken down into weekly or daily repayment figure.
It is a Small Business Loan can be used for virtually every business need, such as the management of cash flow, business renovations, marketing to purchase inventory, new equipment, for 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 expansion opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term that can last up to 36 months. Repayments are weekly or fortnightly depending on your cash flow.
The Larger Business Loan has an Origination Fee that is determined at 2.5% of the loan amount.
In order to be eligible for a loan that is this large, your company needs to be in operation for at least 3 years, and have an annual income of at least $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years, own a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of continuous trading.
A large business loan can be used for almost every business need, including company improvements, purchasing inventory or new equipment for general working capital and much more. The loan is not available for personal reasons.
Asset security is needed to obtain funding above $150,000. This can be done in the form of a charge against assets and can include the registration of this on the PPSR or making as a caveat.
A personal or director’s guarantee is a commitment to repay a loan which is general in nature rather than stating security over an asset. The person signing the ensure is personally accountable if the company borrower is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It contains security interests registered in respect of 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.
An affidavit is an official document lodged to offer the public notice of a legal claim to a property.
When you’re applying for a Larger Business Loan that exceeds $250,000 we can offer an initial pre-approval in order to make the process. We might be able to apply for this without a credit check and within 6 hours of the initial application. The pre-approval is based upon a preliminary assessment which includes you answering a few financial health questions. It is in no way an offer, nor is it a guarantee of funds. Acceptance without condition is subject to a full credit assessment and any offer that you are offered could be based on different terms.
You are eligible to apply for a company loan if you;
The application process is fast and simple. Simply complete the online form in few minutes and a dedicated company credit specialist will call you to guide you through the process.
To apply for up to $100,000, you’ll need identification details (valid Driver’s Licence), a valid NZBN/IRD as well as at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K to $250K: Application requirements, including credit consent, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Details of the application, including credit consent, 12 months bank statement, an IRD statement, last 2 years finalised financial statements, as well as interim current financial year financials such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K up to $100,000) we typically provide an answer within an hour if you submit your request at quality company time and let us use the advanced bank verification system to instantly verify your bank information online. If you choose to submit copies of your bank statements we can provide a decision in just an business day.
For Larger Business Loans ($100K or more) we could be capable of provide you with pre-approval conditional to your application within about 6 hours. After you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this could be shorter based upon the circumstances for each application. Some agreements have been approved in 24 hours.
The most efficient method would be to ensure you apply during normal company hours. Also, let us use the modern bank verification to instantly verify your bank account information online. If you opt to send us the copies of bank statement, it can take a bit longer.
For the Small Business Loan ($5K to $100K) We can usually provide an answer in just one hour – provided you submit your request within standard business times and permit us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you opt to upload copies of your bank statements, we will be able to offer an answer within 1 business day.
For Larger Business Loans ($100K or more) We may be in a position to offer you with conditional pre-approval in around six hours. Once you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, this can be faster depending upon the circumstances for each application. Certain deals have been approved within just 24 hours.
The most efficient method is to ensure you apply during standard business hours and permit us to use the advance bank verification to confirm your bank details online. If you choose to send us documents from your account statements it will take a little longer.
We offer loans that range from $5,000 to $500,000. When you submit an application for a particular amount, we consider a variety of elements in order to assess your well-being that is your company and the level of the repayments your company will be able to support. The amount you receive from your loan will be contingent on the particular circumstances that are unique to your company.
When you submit an application for a particular amount, we look at a range of variables to assess the well-being of your business and the extent of repayments your company will be able to support. The amount you receive from your loan will be contingent on the particulars of your business.
When you make an application for the business financing, we’ll assess the risk assessment that you have for your company and offer an individualised offer, including the amount of loan, the term and the interest rates. This business loan is an upfront priced loan therefore you will know in advance the total amount payable including any charges or interest.
Business loan interest rates depend on several factors such as the amount that is borrowed, the business assets the funds are used to purchase as well as the field the business operates in, how long the company is in operation and how long the business has enough cash flow to pay for the loan, and also the general health or creditworthiness of the business.
There are no hidden fees for our business loans, and you’ll know precisely what you’ll need to pay, and at what time, from the day you sign up. There’s no compounding interest, and the loan comes with no additional fees (as as long as you pay your payments in time).
We do not charge an application fee. You are able to make an application for loans with absolutely no upfront cost and no obligation to proceed.
The Origination Fee includes the expenses associated in establishing and managing 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 amount of the loan.
You can repay the entire amount of your loan at any point in time.
If you are deciding to take this route, please talk to one of our helpful business loan professionals. We will offer you with details for repayment and an early payout figure. This will be calculated as the sum of the principal amount remaining and accrued interest to the time of early payout, plus 1.5 percent of the remaining principal and any fees that remain unpaid.
To make sure you do not miss payment dates and to align your cash flow cycle we offer repayments that are either weekly or daily. These are automatically deducted from your designated business account.
The security of your personal information, as well as knowing the ways we gather data, process, exchange and ensure the security of your information is of huge importance and is a crucial element of our relationship with you.
Yes. We use industry recognised encryption standards to protect your personal, sensitive financial information and our funders are ISO 27001 qualified for our commitment to security for our clients and privacy. We employ a highly sophisticated bank verification system to immediately confirm your bank account information online to offer an immediate response.
Asset-based borrowing occurs when the company owner makes use of an asset they own to get the funds for a loan. The asset could be an individual property, such as the family home or a company property like a truck or piece of equipment.
The vast majority of banks, not just the major banks, prefer to secure loans against assets. If you have trouble paying back the loan, then your assets could be transferred to the lender. In essence, it is the process of securing new financing by making use of the value of what you already have.
For loans up to $150,000 no asset security is required upfront to access the money however, we do require a personal guarantee. As long as you follow your loan commitments (as specified in your loan contract) the security of assets will never be needed. For loans of over $150K typically, you will need a personal ensure and security that is in the form charges on assets.
