The requirements for getting an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Take a look at the eligibility requirements for our $100K-$500K company credit.
All that’s needed to start is your contact information (company name, your name, email, phone), how much you’d like to borrow, and your monthly income.
In the course of the process and before settlement we’ll need confirmation of who you are, but not to get started:
Additionally after we get started with loans of more than $150,000 you will also require basic financial statements:
Let’s get started now.
Brisbane unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow-friendly repayments which can be made daily or weekly.
It is possible to apply to get this Small Business Loan in under 10 minutes on the phone. You’ll receive an immediate response, and have the funds available in just 24 hours. Traditional business loans reference an interest rate per annum as well as other fees and charges. We offer a business loan is a cash-based loan which means you be aware in advance of the amount you will have to pay, including the interest, fees and charges. Then, it is broken down into a daily or weekly repayment figure.
A Small Business Loan can be used for virtually any business purpose including cash flow management, company improvements, advertising to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. The loan ranges from $100,000 to $500,000 with a term fixed with a maximum of 36 months. The repayments are made weekly or fortnightly depending on your situation.
This Larger Business Loan has an Origination Fee, which is determined at 2.5 percent of the loan amount.
In order to be eligible for a loan in this amount the company needs to have been operating for a minimum of 3 years, and have an annual income of at least $700,000. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A larger company loan can be used to fund almost every business need, including company improvements, purchasing equipment or inventory for general working capital and so much more. The loan is not available to fund personal expenses.
Asset security is needed for accessing funds over $150,000. It is usually by way of charge against assets, and could include registration with the PPSR or registering as a caveat.
A director’s or personal guarantee is a promise to pay back a loan that is generally based rather than stipulating the security for a particular asset. The person who is signing the ensure is personally accountable if the business borrower is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It lists security interests that are that are registered for personal property (including items or assets). The PPSR allows the priority of personal property granted according to the date a security interest was registered.
Caveats are legal document lodged to offer the public notice of a legal claim to a property.
If you’re applying for the Larger Business Loan that exceeds $250,000 it is possible to offer a preliminary pre-approval to help smooth out the process. We could be able to make this decision without credit checks and within 6 hours of the initial application. The pre-approval is based upon an initial assessment, which involves the answer to a series of financial health questions. It is neither an offer nor a guarantee of credit. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you receive could have different conditions.
You may be eligible for a company loan if you
The application process is quick and easy. Just fill out the online application in just a few minutes, and a dedicated company lending specialist will be in touch to guide you.
For a loan of up to $100,000 you’ll need the right identification documents (valid Driver’s Licence) as well as an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll need:
$100K-$250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K – $500K: Information on the application including credit consent and 12 month bank accounts, the IRD statements and the last two years’ finalised financial statements, as well as interim financials for the current financial year such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K to $100K) We can usually provide an answer within an hour if you make your application during quality company time and permit us to utilise the bank verification system to immediately verify your bank account information online. If you opt to send us copies of your bank statements we can offer a decision within an company day.
For the Larger Business Loan ($100K up to $500,000) we could be capable of provide you with a conditional pre-approval within 6 hours. After you’ve signed your pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this may be quicker depending on the particular circumstances of each application. Certain offers have been approved in 24 hours.
The most efficient method is to make sure you apply during standard business hours and permit us to use the advance bank verification link to instantly check your bank’s information online. If you decide to send us copies of your bank statement, it can take a bit longer.
For the Small Business Loan ($5K and up) We can usually offer a response in one hour – as long as you apply within normal business hours and permit us to use the advanced bank verification system to immediately verify your bank account information online. If you choose to upload copies of your banking statements, we are able to provide the decision within 1 business day.
If you are applying for Larger Business Loans ($100K and up) we could be likely to offer you with a conditional pre-approval in about six hours. After you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, this could be shorter based on the particular circumstances of each application. Some agreements have been approved in less than 24 hours.
The most efficient method for you to apply is make sure you apply during normal business hours and let us use the advance bank verification to verify your bank account information online. If you decide to send us duplicates of your banking accounts, it may take a bit longer.
We offer loans ranging from $5,000 and $500,000. When you make an application for a certain amount we take into consideration a range of factors in order to assess how much we can lend you well-being of the business and the level of payments your company will be able to support. The total amount of your loan will be contingent on the specifics of your business.
When you submit an application for a specific amount we look at a range of factors to assess how much we can lend you such as well-being that is your business as well as the amount of repayments that your company can afford. The amount you receive from your loan will be determined by the particular circumstances that are unique to your business.
When you apply for our business loans, we’ll assess the risk profile of your company and provide you with a tailored offer including the amount of loan, the term and interest rates. This business loan is an upfront-priced loan so you will know the exact amount payable including any interest rates, fees or charges.
Interest rates for company loans rates vary due to factors like the amount of money borrowed, what business assets the funds are used to purchase in addition to the industry that the business is in, how long the business is in operation as well as what percentage of the business has enough cash flow to cover the loan, and the general well-being and creditworthiness of the company.
There are no hidden fees with our company loans, and you’ll know exactly how much you’ll be required to pay, and when, right from the very first day. There’s no 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 can make an application for loans with without any upfront costs or any obligation to sign up.
The Origination Fee is the cost associated with setting up and managing the loan. You are only charged this cost if you take out the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You may choose to pay back all of your loan early at any time.
If you are deciding to take this route, please speak to our friendly business credit specialists. They’ll offer you with the details of your repayment and an early payment figure. The figure will be calculated as the total of the principal balance plus any accrued interest as of the date of early payout in addition to 1.5 percent of the principal balance and any outstanding fees.
In order to help you avoid missing payments and to work with your cash flow cycle we offer repayments that are either weekly or daily. They will be automatically deducted from your designated business account.
Protecting your information, and making it clear the ways we gather, use, exchange and secure your information, is crucial and a vital part of our relationship you.
Yes. We use industry recognised encryption standards to protect your sensitive, personal and financial data and our funders are ISO 27001 certified for our dedication to security for our customers and security. We utilise a sophisticated banking verification system to instantly verify your bank account information online so we can offer a fast response.
The term "asset-based" refers to borrowing where the business owner utilises an asset that they own to make a loan. The asset can be either an individual asset, such as the family home or it could be a company asset such as a truck or piece or equipment.
The majority of lenders, not just the big banks, tend to make loans secured by an asset. If you are having difficulty paying back the loan, the asset could be sold by the lender. In essence, it is a way of securing new financing by using the worth of the asset you already own.
Up to $150,000 in loans no asset security is required in advance to gain access to the funds However, we do require a personal guarantee. As long as you follow the terms of your loan (as stipulated in your loan contract), asset security is not needed. If you take out loans in excess of $150K generally there is an individual ensure and security in the form of charges on assets.
