Unsecured Business Loans Goodna QLD

In The Next Few Hours, You Could Be On The Right Track To Success With a Goodna Business Loan

Unsecured Business Loans Goodna

A Goodna unsecured business loan is quick and simple to apply for. Request a quick approval and use the money for your company.

  • Would extra funds help your company with working capital or to take advantage of an opportunity to grow?
  • What are the very best ways to finance your business needs?

What you can expect:

  • Simple process to apply and receive approval and cash as quickly as tomorrow
  • Optionally no reayments in the first four weeks
  • Borrow from $5k to $500K
  • Terms from 3 to 36 months
  • Competitive rates of interest rates
  • Minimal docs required

The conditions for eligibility for an unsecured business loan within Goodna are fairly minimal.

Call Now 1300 931 836
I'm now able make espresso for clients with the best equipment.
Cafe Owner
Business loan interest rates and repayment terms as well as flexible repayment options that can be tailored to you business needs.
Business Lending Options
Business loans, in particular an unsecured business loan or line of credit to 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 term which is compatible with your company cash flow.
Business Lenders for Business Goals
I can get my tax back on time.
Small Business Owner
Simple loan application procedure with a large limit on borrowing, no requirements for credit, and no requirement to submit a business plan. Stop using your personal credit card or business credit cards in order to finance your business.
Unsecured Loans Made Simple
I am now able to fund the remodel of our brand newly constructed Goodna resturant without having draw cash from other resturants.
Goodna Resturant Owner
I'm now able to hire an expert marketer to boost my company to the next stage.
Growing Goodna Business
I'm now able take time off knowing that the Goodna company will run well.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for a company loan within Goodna with us is simple and only takes some minutes, without lengthy forms or lines.

Receive approval and cash within 1 – 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We want to assist Goodna businesses of all sorts small, medium even soloprenuers to get access to funds quickly so that they can make use of the loan to expand and develop.

  • It begins with an easy online application or phone call
  • Flexible terms for repayment to fit your company
  • Fast cash in just a day or two
  • A team that wants both you and your company to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The eligibility requirements for an unsecured business loan in Goodna of between $5K and $100K is fairly low.

  • Minimum of 6 months in business
  • At least $6,000 in income per month
  • You must be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as evidence of identity
  • Have an account with a New Zealand bank as your principal trading account
  • Bank statements from the last 6 months

Need more funds? Take a look at the eligibility requirements for our $100K-$500K company financing.

Here's How Others Have Benefited

Examples of Business Loans

The busy Christmas season was nearing, a clothing store needed working capital to purchase more inventory and benefit from a supplier discount. They took out a loan of $20K over a period of 12 months without security of assets required. They received the funds in 24 hours.
Clothing Store
The owner of a restaurant wanted to open a second restaurant and required funds to installation. The bank they approached wasn't willing to help. 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
A plumber who has worked in the business for 3 years with $80K in monthly sales was in search of additional funds. They were able to borrow $153K over a 36 month term. All that was required were 12 months' worth of statements as well as confirmation of the loan's status with IRD. The process was complete within a day and the plumber had their extra working capital in their account in a matter of hours.
Plumber
When they purchased a pizza restaurant as well as two liquor stores six to 12 months earlier, the new owners were looking for additional funds. The combined revenue was over $500K per month and they were able to obtain $300K. This was then split as $100K for each store, with an option of both 24 and 36 month terms. No security over the owners houses was required.
Owner of a Pizza Store & 2 Liquor Stores
The proprietor of a small grocery store 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 turn around time was 6 hours from submitting the application to receiving the funds.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Goodna Business Loan Eligibility Criteria

The requirements for eligibility in loans from larger Goodna company loans of between $100K and $500K include:

  • Minimum of 3 year’s experience in business
  • At least $700K in annual income
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for evidence of identity
  • You should have an account at a New Zealand bank as your primary account for trading
  • Bank statements for the last 6 months
  • Certain financial statements include Profit & Loss, and aged accounts Payable and Receivable

You are looking for a lesser amount of money? Check out the conditions for eligibility for our $5K to $100K Goodna unsecured business loans.

Business Lending for a Cash Injection

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

A Goodna unsecured loan is ideal for nearly every business use. Contact us now.

  • Expand or renovate the commercial space
  • Grow the team during busy periods
  • Boost stock levels to keep up with demand
  • Build a new website or enhance your marketing
  • Put money into new equipment, tools , or the latest technology
  • Buy extra stock to meet seasonal demand
  • Manage cash flow fluctuations
  • Plus lots more …

Do you want to begin one of these idea as quickly as tomorrow? Get in touch with us now or apply online to get the fastest and most efficient process.

Quick application checklist

What do you need to apply

All you need to get started is your contact details (the name of your company, your name, email and telephone), how much you’d like to borrow and your monthly earnings.

Through the process and before settlement we’ll need confirmation of who you are, however, not in order to begin:

  • Information on Idenfication (valid Driver’s License)
  • Information about the business, including details on trading hours, ownership details , and the NZBN (New Zealand Business Number)

In addition, once we have 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.

 

Here's How Others Have Benefited

Examples of Business Loans

The busy Christmas season was fast approaching, a clothes store needed working capital to purchase more stock and take advantage of a supplier discount. They took out a loan of $20K over a period of 12 months, with no security for assets and received the funds within 24 hours.
Clothing Store
A gym that had been running for more than three years, was planning to expand and needed more equipment. With an average monthly revenue of $37K they borrowed $72K over a 24- month period. No security was required to secure the loan. It was ready within 24 hours.
Gym
A restaurant owner wanted to open a second location and needed money to fund the installation. Their bank wasn't interested in helping. Typical monthly revenue for them was $50K. They were able to borrow $66K in 24 months. The turnaround time was 8 hours.
Restaurant Owner
A company coach was seeking to invest in a well-being and beauty business. With just over $12K in monthly revenues they borrowed $24K in 24 months. This required 12 months of bank statements and was completed in less than 8 hours.
Business Coach
When they purchased a pizza store and two liquor stores six to 12 months earlier, the new owners were seeking additional funds. The combined revenue was over $500K per month . The owners were able to borrow $300K. The loan was split into $100K per store with a mix of 24 and 36 month terms. No security over the owners houses was required.
Owner of a Pizza Store & 2 Liquor Stores

Unsecured Business Loan Goodna QLD 4300

The lending landscape has changed

With banks and traditional lenders tightening their credit terms as well as the continuous stream of alternative and non-bank loan providers entering the market provides an incredible source to tap into.

Goodna SME’s are now able to access finance through other lenders in Goodna who are focused on enabling company growth or smoothing problems with cash flow. In the past, the personal sources of credit (drawing equity from the house loan or credit cards in addition to personal loans and credit cards) provided the most viable alternative funding solutions in Goodna that were around.

There’s no requirement for you to depend on using real estate to secure company lending. With an unsecured loan, business funding is made simple. Instead of a term loan through banks, business finance for a small business with interest rates and loan terms that aid with cash flow are around as business lending options.

 

 

High level summary

Separate personal and business debt

There are substantial benefits associated by separating personal and business debt.

  • Your home or other investment properties, aren’t held for access to funds
  • This company has a stronger position to establish its own, solid credit history
  • It’s significantly more straightforward at tax time
  • Businesses can easily assess the situation, track and plan based on their ability to clearly determine their cash flow position

Reduce your risk, make the tax process easier, get started with an unsecure business 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 will be the fact that your house isn’t required to be tied to access the funds. If you’re looking for a small business loan in Goodna up to $100K the security of assets won’t be needed as long as the borrower is able to meet the loan requirements.

Credit history

Businesses will be in a favourable long-term position if they can demonstrate good credit/debt capability.

Tax

The separation of personal as well as business finances makes it more seamless in the event of tax time, particularly when identifying what is the tax deductible allocation. The IRD has set out the guidelines on the proof required for claiming deductions on an individual’s tax return. This is a subject that the IRD has advised specifically on.

Cash flow

Effective management of cash flows is key for the long-term viability that of any company. Through keeping personal and business finance separate, businesses can easily view their cash flow, plan and monitor it based on the ability to effectively examine their cash flow.

I'm now able make the coffee I serve my customers with the best equipment.
Cafe Owner
I'm now able take an extended vacation knowing that it is safe knowing that Goodna company will run well.
Local Business Owner
Business loans, especially an unsecured unsecured business loan or line of credit to business financing need never be an stressful process. Finance for a company in the shape of small business loans with an interest rate and repayment time that will suit the requirements of your business budget.
Business Lenders for Business Goals
I'm able to get my tax back on time.
Small Business Owner
I'm now able employ a marketer to help me take my company to the next stage of business growth.
Growing Business
A seamless loan application process with a large loan limit, with minimal credit criteria and there is no need to submit a business plan. You no longer need to use your personal credit card or business credit cards as a way to fund your business.
Unsecured Loans Made Simple
Business credit rates and repayment terms and flexible repayment options to suit what your company requirements.
Business Lending Options
I'm now able to finance the fitout of our newly constructed Goodna resturant without having to take cash from other locations.
Goodna Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Information About The Goodna Small Business Loans

Tell me what you think of the Goodna Small Business Loans

Goodna unsecured loans offers amounts between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.

What makes the Unsecured Loan different from the traditional business loan?

Apply to get your Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an instant response and the funds could be in your account in 24 hours. Traditional business loans reference an interest rate per annum plus other fees and charges. The company loan is a pre-paid loan therefore you’ll be aware of the total amount to be paid, including the interest, fees and charges. This is then broken down into either weekly or daily amount to be paid back.

What could you use the Small Business Loan be used for?

It is a Small Business Loan can be used to fulfill almost any company purpose including cash flow management, company remodels and marketing for purchasing inventory or new equipment, as general working capital, and much more. The loan is not available for personal use.

About Larger Goodna Business Loans

What is the Larger Goodna Business Loan?

The Larger Business Loan is a larger loan size to support business growth opportunities. Loans range between $100,000 and $500,000 for a fixed period of that can last up to 36 months. The repayments are made weekly or fortnightly to work with you cashflow.

How is the Origination Fee determined?

A Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the loan amount.

Am I eligible for the Larger Business Loan?

To be eligible for a loan that is this large the company needs to be in operation for at least 3 years and generate an annual revenue of $700K. 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 business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.

How can the funding be used for?

A Business Loan of a larger size can be used to fund almost every business reason, such as business renovations, to purchase equipment or inventory or as general working capital and much more. The loan cannot be used for personal purposes.

Is the Larger Business Loan one that is secured?

Asset security is necessary for accessing funds over $150,000. This is by taking a charge against assets, and may include the registration of this on the PPSR or registering a caveat.

A director’s or personal guarantee is a promise to repay a loan which is generally in nature rather than stating the security of a specific asset. The person who signs the guarantee is personally accountable if the business borrower is unable to repay the debt.

The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It contains security interests that are registered for personal property (including items 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.

Caveats are legal document lodged to provide an official notice of a claim on a property.

What exactly is a preapproval without Credit Check?

If you’re applying for an enterprise loan that exceeds $250,000 we may be able to provide an initial pre-approval in order to make the process. It is possible to get this done without a credit check, and within 6 hours of your initial application. The pre-approval is based upon an initial assessment, which involves answering a couple of financial well-being checks. It is neither an offer nor a guarantee of financing. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you are offered could have different conditions.

The application process

Do I qualify for funds?

You are eligible to apply for a company loan if you:

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

How do I apply?

The application process is fast and simple. Simply complete the online form in few minutes and a dedicated company credit specialist will call you to guide you.

To be eligible for up to $100,000, you’ll require identification details (valid Driver’s License) as well as a valid NZBN/IRD as well as at least six months of bank statements.

In addition, for larger loan sizes, you’ll need:

$100K to $250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K-$500K: Details of the application, including credit consent and 12 month bank accounts, the IRD statement and the last two years’ finalised financial statements, and interim financials for the current financial year such as age-related payables and aged Receivables reports.

How fast will I get a decision?

For an unsecured loan ($5K and up) we typically offer an answer in just one hour – as long as you make your application during standard business timings and permit us to make use of the advanced bank verification system to immediately verify your bank account information online. If you choose to submit copies of your bank statements , we are able to offer an answer in just an business day.

If you are applying for a Larger Business Loan ($100K and up) we might be likely to provide the conditional pre-approval within about six hours. Once you have signed the pre-approval, the turnaround time is about 2-3 days for final approval, however this could be shorter based on the circumstances of each application. Certain deals have been approved in the space of 24 hours.

The quickest method can be ensure you apply during normal business hours and let us use the advance bank verification to check your bank’s information online. If you decide to upload duplicates of your banking statements it takes a bit longer.

How quickly will I receive the funds?

For the Small Business Loan ($5K or more) we usually provide an answer in just one hour – as long as you submit your request in standard business time and you allow us to use the advanced bank verification system link to immediately verify your bank account information online. If you decide to upload copies of your bank statements, we’ll be able to offer an answer in just one business day.

For Larger Business Loans ($100K up to $500,000) we might be in a position to offer you with a conditional pre-approval in around six hours. After you’ve signed the pre-approval document, you will require to wait around 2-3 days for final approval. However, this may be quicker depending upon the circumstances for each application. Some transactions have received approval within 24 hours.

The fastest method is to ensure you apply during standard business hours, and permit us to use the modern bank verification link to verify your bank information online. If you upload documents from your account accounts, it may take a bit longer.

What is the maximum amount I can borrow?

We offer loans ranging from $5,000 to $500,000. If you apply for a certain amount, we take into consideration a range of factors to determine your well-being of the business and the amount of repayments that your business can support. The amount you receive from your loan will depend on the specific circumstances the business.

If you apply for a set amount, we look at a range of factors to determine the well-being of your business as well as the amount of repayments your company can support. The amount you receive from your loan will depend on the particulars that are unique to your company.

Fees & repayments

How much should you charge for the cost of a business loan?

When you make an application for one of our company loan, we’ll assess the risk profile the business and offer you with a customised offer that includes the amount of the loan, the duration and the interest rates. A business loan is an upfront-priced loan therefore you will be aware in advance of the total amount you will have to pay, including charges or interest.

What determines the rate that I’m charged?

The interest rates on business loans rates depend on several factors such as the amount that is borrowed, what business assets the money are used to purchase as well as the field the company is in, how long the company has been operating for, whether the business has sufficient cash flow to cover the loan, and also the overall health as well as creditworthiness business.

What are the charges?

There are no hidden fees for our company loans. You’ll know precisely what you’ll be required to pay and when, starting from day one. There’s no compounding interest, and no extra fees (as as long as you pay your payments on time).

We do not charge an application fee. You can get a cash loan with no cost upfront or commitment to apply.

The Origination Fee covers the expenses involved with establishing and managing the loan. The only way to pay this fee if you decide to take the loan. Our Origination Fee is 2.5 percentage of the amount of loan.

Can I pay off the loan early?

You can decide to repay the total amount of your loan early at any time.

If you are deciding to do this please call our helpful company loan specialists. They will offer you with details on repayment as well as an early payout amount. The figure will be calculated as the sum of the principal balance plus any accrued interest as of the time of early payout in addition to 1.5% of the remaining principal and any fees that remain unpaid.

How do repayments work?

To ensure you do not miss repayments and to fit in your cash flow cycle we offer repayments that are either weekly or daily. They are automatically deducted from your designated business account.

Security & privacy

Will my information be protected?

Security of your data, and knowing how we collect information, use it, and exchange it, as well as ensure the security of your information is crucial and a vital part of our relationship you.

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

Yes. We use industry recognised encryption standards to protect your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to protecting the security of clients and security. We employ a highly sophisticated banking verification system to immediately verify your bank account information online so we can provide rapid response.

About business loans

What exactly is an asset-based loan (a secured loan)?

Asset-based borrowing is when an business owner makes use of the assets they have to obtain the loan. The asset may be an asset belonging to the personal, like the family home or a company asset like a truck or piece of equipment.

The vast majority of banks, including the major banks, prefer to make loans secured by an asset. If you are having difficulty paying back the loan then the asset could be taken over by the lender. In essence, it is the process of securing new funding using the value of what you already have.

Should I need security to secure a business loan?

For loans up to $150,000 it is not necessary to secure assets before you can access the money However, we do need a personal guarantee. In the event that you fulfill your loan obligations (as stated in your loan contract document), asset security is not required. For loans of over $150,000 generally, you can get personal guarantee and security in the form charges on assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction houses & auction websites
  • Debt collection companies & debt purchasers
  • Direct marketing such as direct-mail, mail order, fundraising, telemarketing etc
  • Financial institutions & lenders
  • {Firearm businesses
  • Foreign currency exchange offerings
  • Freight forwarding & customs clearing houses
  • Anything gambling related
  • Not-for-profit organisations, charities, churches etc.
  • Panel beaters & smash repairers
  • Pawn shops & pawnbrokers
  • Property development
  • Shares, stockbrokers and investment businesses
  • Tattoo palours
  • Taxi or ride sharing services
  • Entertainment sales and ticket resellers
  • Tow truck services
  • Secondhand car dealerships
  • Vehicle glass tintingservices
  • Vehicle dismantlers

Although we cannot assist with an unsecured business loan in these types of industries, we may be able assist with a secured business loan.

Brisbane Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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1300 931 836