Unsecured Business Loans Albion QLD

In The Next Few Hours, You Could Be Getting Ready For Success By ObtainingThe Help Of an Albion Business Loan

Unsecured Business Loans Albion

An Albion unsecured business loan is quick and simple to apply for. Get a quick apporval and begin using the money in your company.

  • Would extra funds help your business with working capital or for the potential for growth?
  • How are you financing your company needs?

What you can expect:

  • It’s easy to apply and receive approval and cash as quickly as tomorrow
  • There is no option to remittances in the initial 4 weeks
  • Amount of loan from $5k up to $500K
  • Terms ranging from 3-36 months
  • Competitive interest rates
  • Minimal docs required

The conditions for eligibility for an unsecured business loan to be made in Albion are fairly minimal.

Call Now 1300 931 836
A simple loan application process with a generous amount of borrowing capacity, a low credit criteria and there is no need to present a business plan. Do not use your personal credit card and company credit cards as a way to fund your company.
Unsecured Loans Made Simple
I can now take vacation knowing that the Albion company will run without a hitch.
Local Business Owner
I can now make espresso for clients using the best equipment.
Cafe Owner
I'm now able employ a marketing professional to increase the success of my business to the next stage.
Growing Albion Business
I'm able get my tax back on track.
Small Business Owner
I'm now able to finance the construction of our new Albion resturant without having to borrow cash from other restaurants.
Albion Resturant Owner
Business loan interest rates and repayment terms as well as flexible repayment options to suit what your company requirements.
Business Lending Options
Business loans, in particular an unsecured business loan or line of credit for business funding need not be a tense process. Business finance is in the form of small business loans at a fixed interest rate and repayment period that fits the needs of your business financial needs.
Business Lenders for Business Goals
Unsecured Business Loan Service Provider

Fast Approval Process

The process of applying for the company credit in Albion with us is easy and takes just less than a minute, with no mountains of paperwork or queues.

Get approved and receive your funds within one to two company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Albion companies of all kinds, from small to medium-sized solopreneurs access quick funding so that they can use the loan to expand and grow.

  • It all starts with a simple online application or by phone
  • Flexible terms for repayment to fit your business
  • Quick funding in a day or two
  • A team wanting for you as well as your company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in Albion of between $5K and $100K are pretty minimal.

  • A minimum of six months in business
  • A minimum of $6,000 in revenue per month
  • You must be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or Driver’s License for proof of identity
  • Use an account with a New Zealand bank as your primary account for trading
  • Bank statements from the previous 6 months

Need more funds? Check out the guidelines for eligibility for our $100K to $500K company credit.

Here's How Other People Have Benefited

Examples of Business Loans

A business coach was looking to invest in an health as well as beauty company. With a little over $12K in monthly revenue the company was able to borrow $24K over 24 months. The loan required 12-month bank statements and was completed in less than 8 hours.
Business Coach
The busy Christmas season was nearing, a clothing store needed working capital to purchase more inventory and benefit from the discount offered by suppliers. They secured $20K over the course of 12 months, with no security of assets required. They received the money in just 24 hours.
Clothing Store
Acquiring a pizza restaurant and two liquor stores six to to 12 months ago, the new owners were looking for additional funds. The overall revenue was $500K per month . The owners were able to borrow $300K and split it into $100K for each store using the option of 24- and 36 months. There was no security on the owners' homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
The owner of a tiny supermarket that was making $70K a month borrowed $76K over a 24-month term , without making any repayments for the first four weeks. This had a requirement of 12 months' bank statements. The time to turn around was just six hours from the time of application until receiving the money.
Grocery Store Small Business Loan
The owner of a restaurant wanted to open a second restaurant and needed funding to remodel. The bank they approached wasn't interested in helping. Their typical monthly earnings was $50K. They borrowed $66K over the course of 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
Simple eligibility checklist

Larger Albion Business Loan Eligibility Criteria

The requirements for eligibility to be eligible for loans from larger Albion business loans of between $100K and $500K consist of:

  • Minimum of 3 year’s experience in business
  • At least $700K in annual revenue
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as evidence of identity
  • Use a New Zealand bank as your main trading account
  • Bank statements from the past 6 months
  • Some financial statements like Profit & Loss and the Aged Accounts Payable and Receivable

Looking for a smaller amount of funding? Find out the eligibility requirements for our $5K-$100K Albion unsecured company loans.

Business Lending for a Cash Injection

What do you want to use the business loan in Albion for?

An Albion unsecured loan is great for virtually any company purpose. Call us now.

  • Renovate or expand the commercial space
  • Grow the team during busy times
  • Boost stock levels to keep up with demand
  • Make a brand new website or enhance your marketing
  • Make sure you invest in new equipment, tools or the latest technology
  • Make sure you have extra stock on hand to meet seasonal demand
  • Control cash flow fluctuations
  • And many more …

Want to get started on one of these as soon as tomorrow? Get in touch with us today or send an application online to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All that’s needed to start is your contact details (company name and your name, as well as email and phone) and the amount you want to borrow, and your monthly income.

During the process and before settlement we’ll require confirmation of who you are but not to get started:

  • Idenfication details (valid Driver’s Licence)
  • Business information including trading times as well as ownership information and details of ownership and trading time, as well as NZBN (New Zealand Business Number)

Additionally after we get started, for loans greater than $150,000 you will also need basic financial statements.

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

An interior designer had spotted an opportunity to grow their company and needed working capital in order to finance this expansion. With an annual revenue of $300K they borrowed $250K in 24 months. The time to turn around for them was just 2 days and all they had to provide was 12 months of bank statements IRD confirmation, IRD confirmation and trust deed.
Interior Designer
With the busy holiday season fast approaching, a clothes store needed additional working capital to fund extra stock and also benefit from discounts offered by suppliers. They were able to borrow $20K for 12 months without security of assets required. They received the money in just 24 hours.
Clothing Store
A business coach wanted to invest in the well-being and beauty business. With just under 12K in revenue per month the business was able to borrow $24K over 24 months. The loan required 12-month bank statement and was done in 8 hours.
Business Coach
The owner of a restaurant wanted to open a second restaurant and needed funding to remodel. The bank they approached wasn't interested in helping. Their typical monthly earnings was $50K. They borrowed $66K in 24 months. The turnaround time was 8 hours.
Restaurant Owner
The owner of a small grocery store that earned $70K per month borrowed $76K over a 24 month term with no repayments for the first four weeks. The loan required 12 months of bank statements. The turnaround time was only 6 hours from application to getting the money.
Grocery Store Small Business Loan

Unsecured Business Loan Albion QLD 4010

The lending landscape has changed

With traditional lenders and banks tightening credit conditions as well as the continuous stream of alternative and non-bank loan providers that are entering the market provides an incredible source to make use of.

Albion SME’s are now capable of accessing finance through other lenders in Albion who are focused on facilitating business growth or smoothing out the cash flow problems. In the past, when individual credit providers (drawing equity from a home loan, or using credit cards and personal loans as well as the overdraft) provided the most viable alternative funding solutions available in Albion that were available.

There is now an end to the need for you to depend on real estate to secure company credit. With an unsecured loan business financing is now easy. Instead of a term loan through banks, business finance for a small company with interest rates and loan terms that aid in cash flow are available as business lending options.

 

 

High level summary

Separate personal and business debt

There are numerous benefits by separating personal and company debt.

  • Your home, or other investmentsaren’t tied to allow access to funds
  • The business will be in stronger place to develop its own, solid credit history
  • It is considerably more seamless for tax time
  • Companies can quickly view the situation, track and plan based on the ability to clearly assess their cash flow position

Limit your exposure, make tax time easier, get started with an unsecured busines loan, apply today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your private and company assets separate can be that your home does not have to be tied to the funds. For a small business loan within Albion up to $100K an asset security agreement will not be required so long as the borrower fulfills their loan obligations.

Credit history

Companies are in a favourable long-term position if they can demonstrate good credit/debt capability.

Tax

A separation between personal and business financial accounts makes it more straightforward in the event of tax time, especially when it comes to determining the tax-deductible allocation. The IRD has set out requirements for evidence to claim deductions on an individual’s tax return. This is an area the IRD has specifically advised on.

Cash flow

A well-organised cash flow management system is vital to the long-term viability in any company. Through maintaining personal as well as business finances separate, companies can easily view the situation, track and plan based on the ability to clearly determine their cash flow status.

Business business loans, interest rates and repayment terms, as well as flexible repayment options to suit your company requirements.
Business Lending Options
I can now fund the renovation of our new Albion resturant without having draw cash from other locations.
Albion Resturant Owner
I can get my tax back to keep me on track.
Small Business Owner
Simple loan application procedure that comes with a high loan limit, with minimal credit criteria and no need to submit a business plan. Stop using your personal credit card or company credit cards as a way to fund your company.
Unsecured Loans Made Simple
I'm now able hire a marketer to help me take my business to the next stage of business growth.
Growing Business
I am now able to take an extended vacation knowing that it is safe knowing that Albion company will run without a hitch.
Local Business Owner
I can now make coffee for my clients using the very best equipment.
Cafe Owner
Business loans, particularly an unsecured business loan or line of credit for business financing need to not become a stressfull procedure. Business finance can be in the form in the form of small business loans with an interest rates and repayment schedule which is compatible with your business financial needs.
Business Lenders for Business Goals
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Information About The Albion Small Business Loans

Let me know more about Albion Small Business Loans

Albion unsecured loans offers amounts of between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow-friendly repayments, which are either daily or weekly.

How is the Unsecured Loan different from a traditional company loan?

Apply to your Small Business Loan in under 10 minutes online or over the phone. You’ll get a same day response and the funds could be available in just 24 hours. Traditional company loans are based on an annual rate of interest as well as other fees and charges. This company loan is a pre-paid loan therefore you’ll be aware in advance of the total amount to be paid, including any fees, charges or charges. Then, it is broken down into either weekly or daily repayment figure.

What could the Small Business Loan be used for?

The Small Business Loan can be used for nearly every company need, such as the management of cash flow, business improvements, advertising to purchase inventory or new equipment, as general working capital and so much more. The loan is not available to fund personal expenses.

Concerning Larger Albion Business Loans

What is the Larger Albion Business Loan?

The Larger Business Loan is a larger loan size to support company growth opportunities. Loans are between $100,000 and $500,000 for a fixed period of up to 36 months. Repayments are either weekly or fortnightly to work with the flow of cash.

How is the Origination Fee determined?

It is important to note that the Larger Business Loan has an Origination Fee that is calculated at 2.5 percent of the loan amount.

Can I get the Larger Business Loan?

To qualify for a loan of this size, your company needs to have been operating for a minimum of 3 years, and have an annual income of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.

What can the funding be used for?

A Larger Business Loan is a great option for almost any company use, including company improvements, purchasing new equipment or inventory for general working capital and so much more. The loan is not available to fund personal expenses.

Is the Larger Business Loan one that is secured?

Asset security is necessary for accessing funds over $150,000. This is as a result of an charge over assets, and could include the registration of this through the PPSR or the registration of as a caveat.

A personal or director’s guarantee is a guarantee to repay credit that is general in nature, rather than stating the security of a specific asset. The person who signs the guarantee is personally responsible if the business borrower is unable to repay the debt.

The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including objects or assets). The PPSR allows prioritisation over property that is personal to be granted according to the date a security interest has been registered.

An affidavit is an official document lodged to offer the legal claim against a property.

What is a pre-approval without Credit Check?

If you’re seeking the Larger Business Loan of $250,000 or more it’s possible to offer an initial pre-approval that will help smooth out the process. We could be able to apply for this without credit checks and within six hours of your initial application. The pre-approval process is based on a preliminary assessment which includes the answer to a series of financial health questions. It’s neither an offer nor a guarantee of credit. A conditional approval is subject an assessment of your creditworthiness and any offer you may receive may have different terms.

Application process

Do I have the right to receive funds?

You may apply for an business loan if you:

  • are a New Zealand Citizen (or Permanent Resident)
  • are 18 years or older, own a New Zealand business (with a valid NZBN/IRD)
  • must show at least six months worth of trade (for the unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K - $500K)

How do I apply?

The process for applying is fast and simple. Just complete the online application within a few minutes and a dedicated company credit specialist will contact you to help you.

To apply for up to $100,000, you’ll require ID details (valid Driver’s License) and an active NZBN/IRD, and at least 6 months of bank statements.

If you’re looking for loans with larger sizes, you’ll require:

$100K – $250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Details for application including credit consent as well as 12 months bank statement, an IRD statement Last 2 years’ finalised financial statements, and interim current financial year financials, Aged Payables and Aged Receivables summary.

What speed will I be able to get an answer?

For an unsecured loan ($5K to $100K) we typically offer an answer in just one hour, provided you make your application during standard company timings and let us utilise the advanced bank verification system link to instantly verify your bank’s information online. If you opt to upload copies of your banking statement, we’ll provide the decision within just 1 company day.

For the Larger Business Loan ($100K or more) we may be in a position to provide you with conditional pre-approval within six hours. Once you have signed the pre-approval, turnaround times are about 2-3 days for final approval. However, it could be faster based on the particular circumstances of each application. Some deals have been approved in just 24 hours.

The quickest method for you to apply is ensure you apply during normal business hours, and allow us to use the advanced bank verification system to verify your bank account information online. If you opt to upload duplicates of your banking statements it can take a bit longer.

How fast will I get the funds?

For the Small Business Loan ($5K to $100K) we can often provide an answer within an hour – provided you apply within normal business time and permit us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you opt to submit copies of your bank statements we can provide a decision in just 1 business day.

For Larger Business Loans ($100K to $500K) we may be capable of provide the conditional pre-approval within about six hours. After you’ve signed the pre-approval form, it will take around 2-3 days for final approval. However, it could be faster based upon the circumstances for each application. Some offers have been approved in less than 24 hours.

The quickest method can be ensure you apply during standard business hours. Also, permit us to use the advance bank verification to confirm your bank details online. If you opt to upload copies of your bank statements, it may take a bit longer.

How much can I borrow?

We offer loans that range from $5,000 and $500,000. When you make an application for a certain amount we will consider a number of factors that determine how much we can lend you health that is your company as well as the amount of repayments your business can afford. The amount you receive from your loan will depend on the specifics that are unique to your business.

When you submit an application for a certain amount, we consider a variety of aspects to determine the well-being of the business and the level of repayments your company will be able to support. The amount you receive from your loan will be determined by the particular circumstances that are unique to your company.

Fees & repayments

How much should you charge for a business loan?

If you decide to apply for our business loan, we’ll assess the risk assessment that you have for your company and provide you with a customised offer including the loan amount, the terms and the interest rates. A business loan is a loan that is priced upfront and you’ll be aware of the total amount due, which includes any interest rates, fees or charges.

What is the basis for the rate I am charged?

The interest rates on company loans rates depend on several factors such as the amount that is borrowed, the business assets the money will be used for and the sector the business operates in, how long the company has been in operation, how long the company has enough cash flow to cover the loan, as well as the general well-being as well as creditworthiness company.

What are the costs?

There aren’t any hidden costs with our business loans. You’ll know precisely what it is that you be required to pay, and when, from the very first day. There’s no compounding interest and no additional fees (as as you make your payments on time).

We do not charge an application fee. You are able to request a credit loan 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. It is only charged for this fee if you decide to take the loan. Our Origination Fee is 2.5% of the amount of loan.

Can I pay off the loan earlier?

You may choose to pay back the entire amount of your advance loan at any time.

If you are deciding to take this route, please speak to our friendly company lending experts. They’ll provide you with the details of your repayment and an early payment figure. This will be calculated as the total of the principal remaining and accrued interest to the time of early payout, plus 1.5 percent of the principal remaining and any fees that remain unpaid.

What are the repayment methods?

To make sure you do not miss repayments and to fit in your cash flow schedule, we provide repayments either weekly or daily. They are automatically deducted from the nominated business account.

Security & privacy

Will my information be secure?

Protecting your information, and making it clear the ways we gather data, process, exchange and protect your information, is vital and a vital element of our relationship with you.

Is it safe to link my bank account to the platform?

Yes. We make use of industry-standard encryption standards to secure your sensitive, personal financial information and our funders are ISO 27001 certified for our dedication to protecting the security of clients and security. We utilise a sophisticated bank verification system that allows you to immediately verify the bank account details online so we can provide rapid response.

About business loans

What’s an asset-based borrow (a secured loan)?

An asset-based loan is when the business owner utilises the assets they have to make the funds for a loan. The asset can be either an individual property, such as the family home, or it could be a business asset like a truck or other piece of machinery.

The majority of lending institutions, including the banks with the biggest size, prefer to guarantee loans against assets. If you’re struggling to pay back the loan, your assets could be taken over by the lender. In essence it’s means of securing new funding taking advantage of the value of what you already have.

Do I require security to secure an business loan?

Up to $150K in loans there is no requirement for asset security in advance to gain access to the funds but we do require the personal guarantee. So long as you comply with your loan obligations (as detailed in your loan contract document) and you are able to meet your obligations, asset security is not required. For loans of over $150K typically, you will need personal ensure and security is provided in the form of an asset charge.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction websites or auction houses
  • Debt purchasers and debt collection companies
  • Direct marketing including telemarketing, fundraising, mail order, direct-mail etc
  • Financial lenders or institutions
  • {Firearm dealers
  • Foreign currency exchange services
  • Customs clearing houses and freight forwarding
  • Business involved with gambling
  • Non-profit organisations such as charities, churches etc.
  • Panel beaters & smash repairers
  • Pawnbrokers & pawn shops
  • Property developers
  • Shares, stockbrokers and investment businesses
  • Tattoo studios
  • Taxi and ridesharing services
  • Ticket resellers or entertainment sales
  • Tow truck services
  • Used car dealers
  • Automotive glass tintingservices
  • Vehicle dismantlers

We can’t assist with an unsecure business loan for the above industries, we might be able to help you with secured business loan.

Brisbane Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

Apply Now

Apply Now

Contact Us

Contact Us

Contact Us

Fill out the form below or Call Now
1300 931 836