The criteria for eligibility for an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Are you looking for additional funding? Take a look at the eligibility requirements for our $100K-$500K company credit.
All that is needed for starting is your contact information (the name of your company, your name, email and telephone) as well as the amount you want to borrow, and your monthly revenue.
During the process and before settlement we’ll need confirmation of your identity but not before we can begin:
In addition, once we have started with loans of more than $150,000 you’ll require the following financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 months and cash flow-friendly repayments that are either daily or weekly.
You can apply for your Small Business Loan in under 10 minutes online or on the phone. You’ll receive an immediate response, and funds may be available in just 24 hours. Traditional business loans have an annual rate of interest plus other fees and charges. This company loan is a loan that is priced upfront so you will be aware in advance of the total amount payable including any fees, interest or charges. This is then broken down into a daily or weekly payment amount.
A Small Business Loan can be used for almost every business need, such as the management of cash flow, business remodeling, marketing to purchase inventory, new equipment, or as general working capital and so much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans range between $100,000 and $500,000 with a fixed-term that can last up to 36 months. Repayments are either weekly or fortnightly in order to accommodate your situation.
A Larger Business Loan has an Origination Fee that is calculated at 2.5 percent of the amount of the loan.
To be eligible for a loan of this size, your company needs to have been trading for at least 3 years and generate an annual revenue of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of continuous trading.
A larger company loan can be used for nearly every company need, including business remodeling, buying new equipment or inventory, as general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is necessary for funding of more than $150,000. This is as a result of an charge against assets, and may include registering this on the PPSR or the registration of as a caveat.
A director’s or personal ensure is a promise to pay back a loan that is general in nature rather than defining security over an asset. The person signing the ensure is personally liable in the event that the business creditor is unable 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 registered in respect of personal property (including objects or assets). The PPSR grants priority over personal property to be assigned in accordance with the date on which a security interest that is registered.
A caveat is a legal form of document to offer notice of a legal claim on a property.
If you’re requesting the Larger Business Loan of more than $250K, we may offer an initial pre-approval to smooth out the process. We may be able to make this decision without a credit verification and within six hours of your initial application. This pre-approval is made based on a preliminary assessment which includes you answering a few financial well-being questions. It is in no way an offer, nor is it a guarantee of funds. Unconditional approval is subject to a full credit assessment and any offer you are offered could have different terms.
You may apply for a business loan if you;
The application process is fast and simple. Just fill out the online application in just a few minutes, and a dedicated company lending specialist will call you to assist you.
To apply for up to $100,000, you’ll need the right identification documents (valid Driver’s Licence) and an NZBN/IRD that is valid and at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll also need:
$100K – $250K: Details of application, including credit consent, 6 – 12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K-$500K: Details of the application, including credit consent twelve month bank accounts, the IRD statement, last 2 years finalised financial statements, and interim current financial year financials including Aged Payables, Aged Receivables reports.
For an unsecured loan ($5K and up) we usually provide an answer within one hour – as long as you apply within standard business times and let us utilise the advanced bank verification system link to instantly verify your bank’s information online. If you opt to submit copies of your bank statements , we’ll be able to provide a decision within just one business day.
For Larger Business Loans ($100K or more) we may be in a position to provide the conditional pre-approval within 6 hours. After you’ve signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval. However, this can be quicker based on the specifics of each application. Certain deals have been approved within just 24 hours.
The quickest way to apply for you to apply is make sure you apply during normal business hours and let us use the advanced bank verification system link to verify your bank information online. If you choose to upload duplicates of your banking statements it can take a bit longer.
For the Small Business Loan ($5K up to $100,000) we typically provide an answer in just one hour – provided you make your application in standard business hours and you allow us to make use of the advanced bank verification system to immediately verify your bank account information online. If you opt to upload copies of your bank statement, we’ll provide a decision in as little as an business day.
For Larger Business Loans ($100K to $500K) we might be capable of provide the conditional pre-approval in about 6 hours. Once you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval, however this may be quicker depending on the circumstances of each application. Certain deals have been approved within the space of 24 hours.
The most efficient method for you to apply is ensure you apply during normal business hours. Also, permit us to use the advanced bank verification system to instantly verify your bank account information online. If you decide to upload the copies of bank statements, it can take a bit longer.
We provide loans ranging from $5,000 and $500,000. When you make an application for a particular amount, we will consider a number of factors that determine how much we can lend you well-being of your company and the amount of repayments that your business will be able to support. The amount you receive from the loan will be determined by the particular circumstances the company.
When you submit an application for a certain amount, we consider a variety of aspects to assess how much we can lend you such as health that is your company as well as the amount of repayments that your business can afford. The total amount of your loan will be determined by the specifics for your company.
When you request our company loans, we’ll assess the risk profile the company and offer an individualised offer, including the amount of loan, the term and interest rates. A business loan is an upfront priced loan which means you know in advance the total amount payable including any charges, interest rates or fees.
The interest rates on company loans rates differ based on various factors including the amount that is borrowed, what business assets the funds will be used for, the industry the business is in, how long the business is in operation, what percentage of the business has sufficient cash flow to pay for the loan, and the general health as well as creditworthiness company.
There are no hidden costs for our company loans, and you’ll know precisely how much you’ll need to pay and at what time, from day one. There’s no compounding interest and no extra fees (as as long as you pay your payments punctually).
We don’t charge an application fee. You are able to get a cash loan without any upfront costs or the obligation to take action.
The Origination Fee is the cost associated in establishing and managing the loan. You are only charged this fee if you proceed with the loan. The Origination Fee for us is 2.5 percentage of the amount of the loan.
You can decide to repay the entire amount of your loan at any point in time.
If you decide to pursue this option, please contact our helpful business lending experts. They will provide you with repayment details as well as an early payout amount. This will be calculated as the total of the principal remaining and any accrued interest at the time of the early payout plus 1.5 percent of the principal balance and any fees that remain unpaid.
To make sure you do not miss payments and to work your cash flow schedule, we provide repayments either weekly or daily. They will be automatically deducted from your company account.
Protecting your information, and being transparent about the ways we gather data, process, exchange and safeguard your data, is vital and a vital element of our relationship with you.
Yes. We employ industry-recognised encryption protocols to safeguard your sensitive, personal financial information and our funders are ISO 27001 certified for our commitment to the security of our customers as well as their security. We use an advanced bank verification system link to instantly confirm your bank account information online to provide a fast response.
Asset-based borrowing is when the business owner uses an asset that they own to get a loan. The asset can be an individual asset, such as the family home or an business property like a truck or piece of equipment.
The majority of lending institutions, including the largest banks, are inclined to make loans secured by an asset. If you have trouble paying back the loan, the asset could be taken over by the lender. In essence it is the process of securing new funding taking advantage of the value of what you already own.
Up to $150K in loans there is no requirement for asset security prior to the loan’s access but we do need a personal guarantee. So long as you comply with the terms of your loan (as detailed in your loan contract) and you are able to meet your obligations, asset security is not needed. For loans of over $150,000 typically, you will need personal guarantee and security that is in the form the charge of assets.
