The eligibility requirements for an unsecured business loan in Brisbane of between $5K to $100K are quite minimal.
Are you looking for additional funding? Review the eligibility requirements for our $100K-$500K business financing.
All you need to begin is your contact information (company name, your name, email and phone), how much you’d like to lend, and your monthly revenue.
While in the process and before settlement we’ll require confirmation of who you are, but not before we can begin:
After we start with loans over $150,000 you’ll also need the following financial statements:
Let’s get started.
Brisbane unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow friendly repayments that are either per day or weekly.
It is possible to apply for your Small Business Loan in under 10 minutes via the internet or over the phone, receive an answer within the same day and the funds could be available in just 24 hours. Traditional company loans reference an annual rate of interest as well as other fees and charges. We offer a company loan is an upfront priced loan which means you be aware in advance of the total amount to be paid, including any fees, interest or charges. This is then broken down into a daily or weekly amount to be paid back.
A Small Business Loan can be used for nearly any business need, such as the management of cash flow, business remodeling, marketing to purchase inventory or new equipment, to fund 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 business expansion opportunities. Loans range from $100,000 to $500,000 with a term fixed with a maximum of 36 months. Repayments are either weekly or fortnightly, depending on your situation.
This Larger Business Loan has an Origination Fee, determined at 2.5 percentage of the amount of the loan.
To qualify for a loan in this amount, your business needs to be trading for at least 3 years and generate an annual revenue of at least $700K. You must be a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.
A larger business loan can be used for nearly any company purpose including company renovations, purchase of inventory or new equipment or as general working capital, and much more. The loan is not available for personal purposes.
Asset security is needed to access funding over $150,000. This can be done by way of charge on assets, and could include registration with the PPSR or making as a caveat.
A personal or director’s guarantee is a promise to pay off a credit line that is generally based rather than stating the security for a particular asset. The person who is signing the ensure is personally accountable if the business the borrower fails to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It reflects security interests that are registered for personal property (including the assets or goods). The PPSR allows priority over personal property to be granted in accordance with the date on which a security interest has been registered.
An affidavit is an official document lodged to offer the public notice of a legal claim against a property.
If you’re seeking larger company loans of more than $250,000, we may offer an initial pre-approval in order to smooth out the process. It is possible to make this decision without a credit check, and within 6 hours of the initial application. This pre-approval is made based on an initial assessment that includes you answering a few financial well-being questions. It is not an offer of credit or guarantee of funds. A conditional approval is subject an assessment of your creditworthiness and any offer you might receive could be based on different conditions.
You can apply for an company loan if you;
The application process is quick and easy. Complete the online form within a few minutes and an experienced company credit specialist will contact you to guide you through the process.
To apply for up $100,000, you’ll require ID details (valid Driver’s Licence), an NZBN/IRD that is valid and at least six months worth of bank statements.
For larger loan sizes, you’ll also require:
$100K to $250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K to $500K: Information on the application including credit consent as well as 12 months of bank records, IRD statements and the last two years’ finalised financial statements, plus interim current financial year financials as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K or more) we typically provide an answer in just one hour – as long as you apply at quality company times and you allow us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you choose to upload copies of your banking statements we can provide an answer in just one business day.
If you are applying for a Larger Business Loan ($100K and up) we may be likely to offer you with a conditional pre-approval in around 6 hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval. However, this can be quicker based on the specifics of each application. Certain agreements have been approved in the space of 24 hours.
The quickest way to apply would be to ensure you apply during standard company hours. Also, let us use the modern bank verification to instantly verify your bank information online. If you decide to upload the copies of bank statement, it will take a little longer.
For the Small Business Loan ($5K or more) we can often provide an answer in just one hour if you submit your request in standard business times and let us make use of the advanced bank verification system link to instantly verify your bank information online. If you opt to submit copies of your bank statements we can offer a decision within the span of one business day.
For the Larger Business Loans ($100K and up) we may be in a position to offer you with a conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval. However, it could be faster based on the particular circumstances of each application. Some agreements have been approved in just 24 hours.
The most efficient method would be to make sure you apply during normal business hours. You can also let us use the modern bank verification link to confirm your bank details online. If you choose to send us documents from your account statement, it can take a bit longer.
We provide the loan amount between $5,000 to $500,000. When you make an application for a particular amount, we look at a variety of variables that determine what is the well-being of your company and the extent of repayments that your company can support. The amount you receive from the loan will be determined by the specific circumstances for your company.
When you make an application for a particular amount, we look at a range of aspects to determine your health for your company and the extent of repayments that your company can afford. The amount you receive from your loan will depend on the specifics for your business.
If you decide to apply for business loans with us company loan, we’ll assess the risk profile for your company and provide you with a customised offer, including the amount of loan, the term and the interest rates. It is a business loan is an upfront priced loan therefore you will know the exact amount payable including any charges, interest rates or fees.
The interest rates on company loans rates depend on a variety of variables like the amount to be of money borrowed, the business assets the funds will be used for as well as the field the business operates in, the long the company has been running as well as what percentage of the company has enough cash flow to fund the loan, and general health or financial standing of the company.
There aren’t any hidden charges with our business loans, and you’ll be aware of the amount you be required to pay and when, starting from the very first day. There’s no compounding interest and the loan comes with no additional fees (as as long as you pay your payments punctually).
We do not charge an application fee. You are able to apply for a loan no cost upfront or obligation to proceed.
The Origination Fee includes the expenses 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% of the amount of the loan.
You may choose to pay back all of your loan at any point in time.
If you decide to take this route, please talk to one of our helpful company loan experts. We will provide you with the details of your repayment as well as an early payout amount. This will be calculated as the sum of the remaining principal amount and any accrued interest at the date of early payout and 1.5% of the principal remaining as well as any outstanding fees.
To ensure you do not miss payments and to work with your cash flow general, we provide payments that are either weekly or daily. They are automatically deducted from your nominated business account.
Making sure that your information is secure, and knowing how we collect information, use it, and exchange it, as well as ensure the security of your information is crucial and an integral aspect of our relationship with you.
Yes. We utilise industry-recognised encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 qualified for our commitment to protecting the security of clients and privacy. We use an advanced bank verification system that allows you to immediately confirm your bank account information online to offer an immediate response.
An asset-based loan is when a company owner makes use of the assets they have to make the funds for a loan. The asset could be a personal asset like the family home, or an business asset such as a vehicle or piece of equipment.
The vast majority of lending institutions, including the banks with the biggest size, prefer to secure loans against an asset. If you’re having trouble paying back the loan, then the asset could be transferred to the lender. In essence, it’s means of securing new financing by using the value of what you already have.
Up to $150,000 in loans it is not necessary to secure assets in advance to gain access to the funds, however we do require the personal guarantee. If you adhere to your loan obligations (as stated in your loan contract), asset security is not required. If you take out loans in excess of $150K generally, you can get personal guarantee and security that is in the form charges on assets.
