A Fortitude Valley unsecured business loan is simple and quick to obtain. Apply for a loan quickly and use the money to grow your company.
You can expect:
The eligibility requirements for an unsecured business loan to be made in Fortitude Valley are fairly minimal.
Call Now 1300 931 836Applying for the business credit in Fortitude Valley with us is easy and takes only some minutes, without mountains of paperwork or queues.
Receive approval and cash within 1 to 2 business days.
Our focus is to assist Fortitude Valley businesses of all types, whether small, medium or entrepreneurs to obtain funds quickly so that they can utilise the loan to expand and grow.
The criteria for eligibility for an unsecured business loan in Fortitude Valley of between $5K and $100K are fairly minimal.
Do you require more money? Take a look at the conditions of eligibility for our $100K-$500K company loan.
The requirements for eligibility to be eligible for the larger Fortitude Valley company loans of between $100K and $500K include:
You are looking for a lesser amount of money? Look over the eligibility requirements for our $5K to $100K Fortitude Valley unsecured company loans.
A Fortitude Valley unsecured loan is great for nearly every business purpose. Contact us now.
Do you want to start working on one of these idea as quickly as tomorrow? Contact us now or apply online to get the fastest and most efficient process.
All that’s required to begin is your contact information (company name, your name, email and telephone) along with the amount you want to borrow, and your monthly earnings.
In the course of the process and before settlement we will require confirmation of your identity however, not in order to begin:
After we start, for loans over $150,000 you’ll also require basic financial statements:
Let’s get started.
With banks and traditional lenders tightening their credit terms as well as the continuous stream of non-bank and alternative loan providers that are entering the market offers an excellent source for you to take advantage of.
Fortitude Valley SME’s are now in a position to obtain finance via alternate lenders servicing Fortitude Valley who are focused on facilitating company expansion or smoothing out cash flow issues. In the past, when private credit options (drawing equity from a house loan, or by using credit cards and personal loans as well as the overdraft) provided the most viable alternative financing solutions for Fortitude Valley that were available.
There’s there is no requirement in the present to rely on using real estate to secure business lending. With an unsecured loan, business funding is simple. Instead of a term loan through a bank, business finance for an SME with interest rates and loan terms that help with cash flow are available as business loan options.
There are substantial benefits associated by separating personal and company debt.
Limit your exposure, make the tax process much easier. Get started with an unsecured busines loan. Apply today.
One of the main benefits of keeping your individual and business assets separate can be that your home isn’t required to be tied to access the funds. In the case of a business loan within Fortitude Valley up to $100K an asset security agreement will not be needed as in the event that the borrower has met their loan obligations.
Companies will be in a favourable long-term financial position if they have a good credit or debt capacity to pay.
Separating personal and company finances makes it significantly more seamless when it comes to tax time - particularly when determining what is the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has laid out rules on the evidence required in order to deduct deductions from an individual’s tax return. This is an area that the IRD has specifically advised on.
Effective cash flow management is essential to the long-term survival that of any company. Through keeping your personal finances and business finances separate, companies can easily view how they are performing, monitor and plan on the ability to clearly evaluate their cash flow situation.
Fortitude Valley unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow-friendly repayments which can be made daily or weekly.
You can apply to your Small Business Loan in under 10 minutes online or over the phone, receive an immediate response, and funds may be in your account within 24 hours. Traditional company loans reference an interest rate per annum plus other fees and charges. The company loan is an upfront priced loan and you’ll know in advance the total amount due, which includes the interest, fees and charges. Then, it is broken down into weekly or daily installment amount.
A Small Business Loan can be used to fulfill almost every company use, including the management of cash flow, business renovations, marketing for purchasing inventory or new equipment, for general working capital, and much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans range from $100,000 to $500,000 with a fixed-term for up to 36 months. Repayments are scheduled weekly or fortnightly to work with your situation.
This Larger Business Loan has an Origination Fee, calculated at 2.5% of the loan amount.
To qualify for a loan in this amount, your company needs to have been operating for at least three years and have an annual turnover of $700,000. It is necessary to be 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 least 12 months of trading.
A Larger Business Loan can be used for nearly all company need, including company renovations, to purchase equipment or inventory or as general working capital and much more. The loan cannot be used for personal reasons.
Asset security is needed to access funding over $150,000. It is usually by way of charge on assets, and could include the registration of this through the PPSR or filing a caveat.
A personal or director’s guarantee is a guarantee to repay credit that is generally in nature rather than stipulating the security for a particular asset. The person who is signing the ensure is personally liable if the business the borrower fails to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including the assets or goods). The PPSR permits preference over private property granted according to the date the security interest that is registered.
A caveat is a legal document lodged to offer notice of a legal claim to a property.
When you’re applying for the Larger Business Loan of more than $250K we may be able to provide an initial pre-approval that will help make the process. We could be able to do this without a credit verification and within six hours of your initial application. The pre-approval is based upon an initial evaluation that involves you answering some financial well-being questions. It’s not an offer of credit or guarantee of finance. Acceptance without condition is subject to an assessment of your creditworthiness and any offer that you might receive could be based on different terms.
You can apply for an business loan if you;
The process for applying is fast and simple. Complete the online form within a few minutes and an experienced company expert in lending will call you to assist you.
For a loan of up to $100,000, you’ll require proof of identity (valid Driver’s Licence), an active NZBN/IRD, and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll need:
$100K to $250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K – $500K: Details for application including credit consent and 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, as well as interim financials for the current financial year such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K or more) we can often provide an answer within an hour – as long as you submit your request within standard business hours and allow us to utilise the bank verification system link to immediately verify your bank account information online. If you opt to upload copies of your banking statements we can offer a decision in just an business day.
For Larger Business Loans ($100K or more) we may be capable of provide you with pre-approval conditional to your application in about six hours. After you’ve signed your pre-approval, the turnaround time is around 2-3 days for final approval, however this can be quicker based on the specifics of each application. Certain transactions have received approval in just 24 hours.
The fastest way is to make sure you apply during normal business hours and let us use the advanced bank verification system to verify your bank account information online. If you choose to send us the copies of bank accounts, it will take a little longer.
For the Small Business Loan ($5K or more) we usually provide an answer in just one hour if you apply in standard business timings and allow us to make use of the advanced bank verification system link to instantly verify your bank’s information online. If you opt to send us copies of your bank statement, we’ll offer the decision in as little as an business day.
If you are applying for Larger Business Loans ($100K to $500K) We may be capable of provide the conditional pre-approval within about 6 hours. Once you have signed the pre-approval, turnaround times are around 2-3 days for final approval, however it could be faster based on the specifics of each application. Some agreements have been approved within just 24 hours.
The most efficient method would be to make sure you apply during normal business hours. Also, allow us to use the advanced bank verification system to instantly check your bank’s information online. If you opt to upload copies of your bank accounts, it may take a bit longer.
We offer loan amounts between $5,000 and $500,000. If you apply for a particular amount, we look at a variety of elements to determine how much we can lend you well-being for your company and the level of payments your business is able to afford. The total amount of your loan will depend on the specific circumstances for your business.
When you apply for a specific amount we will consider a number of aspects to determine how much we can lend you such as health for your company and the amount of repayments your company is able to afford. The total amount of your loan will be determined by the specific circumstances of your business.
If you decide to apply for business loans with us company credit, we will assess the risk assessment that you have for your company and provide an individualised offer that includes the amount of loan, the term and interest rates. It is a company loan is a loan that is priced upfront which means you know the exact amount due, which includes any costs, fees, or interest rates.
Interest rates for company loans rates vary due to factors such as the amount that is borrowed, the company assets the funds will be used for, the industry the business operates in, how long the company has been running and whether the business has enough cash flow to support the loan, and the general health and creditworthiness of the business.
There are no hidden fees for our company loans, and you’ll be aware of the amount you need to pay, and when, from day one. There’s no compounding interest, and no extra fees (as long as you make your payments punctually).
We don’t charge an application fee. You are able to get a cash loan with no upfront cost or any obligation to sign up.
The Origination Fee is the cost associated in establishing 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 amount of loan.
You can repay the entire amount of your advance loan at any time.
If you do decide to take this route, please contact our helpful business credit experts. They will provide you with details for repayment and an early payment figure. It will be calculated using the total of the principal remaining and the accrued interest up to the time of the early payout plus 1.5% of the principal remaining plus any outstanding fees.
To ensure that you don’t miss repayments and to fit in with your cash flow general, we provide repayments either daily or weekly. These are automatically deducted from the nominated company account.
Protecting your information, and being upfront about the ways we gather the information we collect, use, share and safeguard your data, is of paramount importance and an integral part of our relationship you.
Yes. We use industry recognised encryption standards to protect your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our commitment to the security of our clients as well as their privacy. We employ an exceptionally sophisticated bank verification system to instantly verify the bank account details online to offer an immediate response.
Asset-based borrowing is when the business owner borrows from the assets they have to secure a loan. The asset could be an individual asset, such as the family home, or an company property like a truck as well as a piece of machine.
The majority of banks, even the big banks, tend to make loans secured by assets. If you have trouble paying back the loan, then the asset might be transferred to the lender. In essence, it is a way of securing additional financing making use of the value of what you already have.
Up to $150,000 in loans there is no requirement for asset security before you can access the money but we do need the personal guarantee. So long as you comply with the terms of your loan (as detailed in the loan contract), asset security will never be needed. For loans that exceed $150K, generally, you are able to get a personal guarantee and security is provided in the form of an asset charge.
We can’t assist with an unsecured business loan in these industries, we may be able assist with secured business loan.
