Unsecured Business Loans Griffin QLD

Today, You'll Be All Set For Success With a Griffin Business Loan

Unsecured Business Loans Griffin

A Griffin unsecured business loan is quick and easy to obtain. Approve your loan in a matter of minutes and begin using the money in your company.

  • Could additional funds assist your business in working capital, or to realise the potential for growth?
  • What are the very best ways to finance your company requirements?

What to expect:

  • It’s easy to apply and be approved for cash as quickly as tomorrow
  • Optionally , no reayments during the initial 4 weeks
  • From $5k to $500K in loans
  • Terms from 3 to 36 month
  • Competitive rates of interest prices
  • Minimal docs needed

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

Call Now 1300 931 836
I can now make beverages for clients using the best equipment.
Cafe Owner
Business loans with interest rates and repayment conditions, and flexible repayment options to suit your company requirements.
Business Lending Options
Business loans, specifically an unsecured business loan or line of credit to business financing need not be a difficult process. Business finance in the form in the form of small business loans at a fixed interest rate cost, and with a repayment period which is compatible with your company financial needs.
Business Lenders for Business Goals
I'm able get my tax back on time.
Small Business Owner
An easy loan application process with a large limit on borrowing, no credit criteria and no need to provide a business plan. Do not use your personal credit card and company credit cards as a way to finance your company.
Unsecured Loans Made Simple
I can now fund the remodel of our brand modern Griffin resturant without having to take cash from other ones.
Griffin Resturant Owner
I'm now able to hire an professional marketer to increase the success of my company to the next level.
Growing Griffin Business
I'm now able to go on a holiday knowing I am confident that my Griffin company will run well.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for an business loans for business in Griffin with us is easy and takes only some minutes, without mountains of paperwork or queues.

Receive approval and funds within 1 – 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We want to assist Griffin businesses of all kinds, from small to medium-sized soloprenuers to get access to funding fast so they can utilise the loan to grow and build.

  • It all starts with a simple online application or by phone
  • Flexible repayment terms to suit your business
  • Quick funding in a day or two
  • A team of people who want both you and your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • A minimum of six months in business
  • A minimum of $6,000 in revenue per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as evidence of identity
  • Make sure you have an account with a New Zealand bank as your principal account for trading
  • Bank statements for the last six months

Looking for more funding? Find out the conditions of eligibility for our $100K-$500K company credit.

Here's How Other People Have Benefited

Examples of Business Loans

With the busy holiday season nearing, a clothing store needed working capital to buy more stock and take advantage of discounts offered by suppliers. They borrowed $20K over 12 months without asset security required and had the money in just 24 hours.
Clothing Store
A restaurant owner wanted to open a second restaurant and needed funding to installation. The bank was not willing to help. Their typical monthly earnings was $50K. They borrowed $66K over the course of 24 months. Turnaround was only 8 hours.
Restaurant Owner
A plumber who's been in business for 3 years, with $80K in monthly sales was looking for more funding. They were able to borrow $153K over a 36 month term. All that was needed to be provided was 12 month bank statements as well as confirmation of their status with IRD. The procedure was completed within one day, and the plumber received their additional working capital available in their account soon afterward.
Plumber
After purchasing a pizza store and two liquor stores six to to 12 months ago, the new owners were seeking more funds. The combined revenue was over 500K per month. They were able to borrow $300K. The loan was split into $100K per store on an option of both 24 and 36 month terms. There was no security on the owners' houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
The owner of a modest grocery store doing $70K a month borrowed $76K over a 24 month period with no repayments for the first 4 weeks. This was contingent on 12 months of bank statements. The turn around time was 6 hours from application to getting the funds.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Griffin Business Loan Eligibility Criteria

The eligibility requirements for loans from larger Griffin company loans of between $100K and $500K are:

  • Minimum of 3 years trading in business
  • A minimum of $700K annually in revenue
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification proof
  • Have an account at a New Zealand bank as your main trading account
  • Bank statements from the last 6 months
  • Some financial statements such and Profit & Loss and the Aged Accounts Payable and Receivable

You are looking for a lesser amount of funds? Take a look at the eligibility requirements for our $5K to $100K Griffin unsecured business loans.

Business Lending for a Cash Injection

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

A Griffin unsecured loan is ideal for nearly every business reason. Talk to us today.

  • Remodel or expand a commercial premises
  • Staff expansion for busy periods
  • Grow stock quantities to keep up with demand
  • Make a brand new website or improve your marketing
  • Consider investing in new tools, equipment or technological advancements
  • Buy extra stock to meet the seasonal demand
  • Manage cash flow fluctuations
  • Plus lots more …

Do you want to start working on one of these idea as quickly as tomorrow? Then get in touch with us or send your application online for the quickjest fasted way.

Quick application checklist

What do you need to apply

All that’s needed to start is your contact details (company name, your name, email and telephone), how much you want to borrow, and your monthly income.

While in the process and before settlement we’ll require confirmation of your identity, but not for starting:

  • Details of the Idenfication (valid Driver’s License)
  • Business details including trading time as well as ownership information and the NZBN (New Zealand Business Number)

After we start with loans that exceed $150,000, you’ll also require fundamental financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

The busy Christmas season was nearing, a clothing store required working capital in order to buy more inventory and to take advantage of discounts offered by suppliers. They were able to borrow $20K for 12 months, with no security for assets and received the funds in 24 hours.
Clothing Store
A gym that had been operating for over three years, was planning to expand and needed more equipment. With a monthly income of $37K, they borrowed$72K over a 24 month period. The loan was not secured and the loan was compelted within only 24 hours.
Gym
A restaurant owner wanted to open a second location and required funds to installation. Their bank was not interested in helping. Their typical monthly earnings was $50K. They were able to get a loan of $66K for 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
A business coach was looking to invest in the health as well as beauty company. With just under twelve thousand dollars in monthly income, they borrowed $24K over 24 months. This required 12 months of bank statements and was done in only 8 hours.
Business Coach
Following the purchase of a pizza shop and two liquor stores six to 12 months prior, the new owners needed additional funds. The overall revenue was 500K per month. They were able to borrow $300K. This was then split as $100K per store on an option of both 24 and 36 months. No security over the owners homes was required.
Owner of a Pizza Store & 2 Liquor Stores

Unsecured Business Loan Griffin QLD 4503

The lending landscape has changed

With traditional lenders and banks restricting credit and the constant stream of non-bank and alternative loan providers that are entering the market provides a great resource for you to take advantage of.

Griffin SME’s are now in a position to obtain finance via alternate lenders servicing Griffin who are focused on facilitating company expansion or smoothing cash flow issues. The past was when personal credit sources (drawing equity from a house loan, or using credit cards, personal loans and loans) were the only alternative funding solutions within Griffin that were around.

There is now no need for you to depend on real estate to secure company credit. 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 aid with cash flow are available as business credit options.

 

 

High level summary

Separate personal and business debt

There are substantial benefits associated in separating personal from company debt.

  • Your home, or other investments, aren’t tied up for access to funds
  • This business is in a more favourable position to build its own, solid credit history
  • It’s much more seamless during tax time
  • Businesses can easily assess the situation, track and plan based on being able to easily evaluate their cash flow situation

Limit your exposure, make tax time easier, get started with an unsecure busines loan. Get it today.

For those who like the detail

Separate personal and business debt

Risk

One of the main benefits of keeping your business and personal business assets apart is that your home does not have to be tied to access the funds. In the case of a business loan in Griffin up to $100K, asset security will not be needed as long as the borrower meets their loan obligations.

Credit history

Companies are in a favourable long-term financial position if they are able to demonstrate credit/debt ability to service.

Tax

A separation between personal and company finances makes it significantly more seamless with regards to tax time - particularly when determining what is the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has outlined the rules on the evidence required for claiming deductions on an organisation’s tax return. This is an area the IRD has advised specifically on.

Cash flow

A well-organised cash flow management system is crucial to the long-term success of any company. Through maintaining personal as well as business finance separate, businesses can easily view the situation, track and plan based on their ability to accurately examine their cash flow.

I'm now able to prepare espresso for clients with the best equipment.
Cafe Owner
I can now take an extended vacation knowing that the Griffin business will run smoothly.
Local Business Owner
Business loans, especially an unsecured unsecured business loan or line of credit for business funding need have no tense process. Business finance in the form in the form of small business loans at an interest rate and repayment schedule that will suit the requirements of your company financial needs.
Business Lenders for Business Goals
I'm able to get my tax back on time.
Small Business Owner
I'm now able to hire an expert marketer to help me take my company to the next stage of business growth.
Growing Business
A simple loan application process with a huge borrowing limit, minimal requirements for credit, and no requirement to provide a business plan. Don't use your personal credit card and business credit cards to fund your company.
Unsecured Loans Made Simple
Business business loans, interest rates and repayment terms and flexible repayment options to meet the needs of your company needs.
Business Lending Options
I'm now able fund the renovation of our new Griffin resturant without having to take cash from other resturants.
Griffin Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Griffin Small Business Loans

Tell me more about Griffin Small Business Loans

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

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

The application to 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 company loans have an annual rate of interest along with other charges and fees. This company loan is a pre-paid loan and you’ll be aware in advance of the amount you will have to pay, including the interest, fees and charges. This is then broken down into either weekly or daily repayment figure.

What can be the Small Business Loan be used for?

It is a Small Business Loan can be used for nearly every business reason, such as cash flow management, business improvements, advertising to purchase inventory, new equipment, as general working capital and much more. The loan cannot be used for personal use.

About the Larger Griffin Business Loans

What is the Larger Griffin Business Loan?

The Larger Business Loan is a larger amount of loan to help company expansion opportunities. Loans range from $100,000 to $500,000 with a fixed-term that can last up to 36 months. The repayments are made weekly or fortnightly depending on you cashflow.

How’s the Origination Fee determined?

The Larger Business Loan has an Origination Fee that is determined at 2.5 percent of the loan amount.

Am I eligible for the Larger Business Loan?

To qualify for a loan that is this large, your company needs to have been trading for at least 3 years and have an annual turnover of $700,000. You must be a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.

How can the funding be used for?

A Larger Business Loan can be used for almost every business use, including business remodeling, buying equipment or inventory, as general working capital, and much more. The loan cannot be used for personal purposes.

Is the Larger Business Loan a secured loan?

Asset security is required for accessing funds over $150,000. This can be done in the form of a charge over assets, and may include registration in the PPSR or the registration of a caveat.

A director’s or personal guarantee is a promise to pay back a loan that is general in nature rather than defining security over an asset. The person who signs the ensure is personally responsible if the business borrower is unable to repay the debt.

The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It lists security interests that are registered in respect of personal property (including goods or assets). The PPSR gives preference over private property assigned according to the date a security interest was registered.

The caveat can be described as a formal document filed to provide the public notice of a legal claim on a property.

What exactly is a preapproval without Credit Check?

If you’re applying for an enterprise loan that is greater than $250K we can offer an initial pre-approval in order to ease the process. It is possible to get this done without a credit check, and within 6 hours of your initial application. The pre-approval process is based on an initial evaluation that involves answering a couple of financial health checks. This is not an offer or guarantee of funds. Acceptance without condition is subject to an assessment of your creditworthiness and any offer that you may receive may be on different terms.

The application process

Do I have the right to receive funds?

You may apply for an company loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are over 18 years, own a New Zealand company (with a valid NZBN/IRD)
  • must show at least six months of business (for the unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K up to $500K)

How do I apply?

The application process is simple and simple. Just complete the online application within a few minutes and an experienced company lending specialist will call you to assist you.

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

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

$100K to $250K: Details of application, including credit approval, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Details for application including credit consent and 12 month bank accounts, the IRD statement, last 2 years finalised financial statements, as well as interim financial statements for the current year such as age-related payables and aged Receivables reports.

What speed will I be able to get an answer?

For an unsecured loan ($5K and up) we usually offer a response in one hour – as long as you make your application within standard business hours and allow us to make use of the advanced bank verification system to instantly verify your bank information online. If you opt to upload copies of your bank statement, we’ll offer a decision in just an business day.

For Larger Business Loans ($100K up to $500,000) we may be likely to provide the conditional pre-approval within 6 hours. After you’ve signed the pre-approval document, you will need to wait around 2-3 days for final approval, however it could be faster based upon the circumstances for each application. Certain deals have been approved in less than 24 hours.

The fastest way would be to make sure you apply during standard business hours and allow us to use our advance bank verification link to verify your bank account information online. If you opt to upload copies of your bank statements it can take a bit longer.

How soon will I receive the funds?

For the Small Business Loan ($5K up to $100,000) We can usually offer an answer within an hour – as long as you submit your request in normal business times and allow us to utilise the advanced bank verification system to immediately verify your bank account information online. If you opt to upload copies of your banking statements we can provide the decision within an business day.

For Larger Business Loans ($100K up to $500,000) We may be in a position to provide you with a conditional pre-approval in about 6 hours. After you’ve signed the pre-approval form, it will take around 2-3 days for final approval, however this could be shorter based on the specifics of each application. Certain transactions have received approval within just 24 hours.

The most effective method is to make sure you apply during standard business hours. Also, allow us to use the advance bank verification link to verify your bank information online. If you upload duplicates of your banking statement, it will take a little longer.

How much can I borrow?

We offer loans that range from $5,000 and $500,000. If you apply for a certain amount, we consider a variety of aspects that determine what is the health for your business and the level of repayments your company is able to afford. The amount you receive from your loan will depend on the specifics the business.

If you apply for a specific amount we consider a variety of aspects to determine how much we can lend you such as health of your business and the level of repayments your business will be able to support. The amount you receive from your loan will be contingent on the particulars the company.

Fees & repayments

What is the cost for an company loan?

When you request the business loan, we’ll assess the risk assessment that you have for your company and provide you with a tailored offer that includes the amount of loan, the term and the interest rates. This business loan is an upfront-priced loan and you’ll be aware of the total amount you will have to pay, including charges or interest.

What is the factor that determines the price I am charged?

Interest rates for company loans rates differ based on various variables like the amount to be that is borrowed, what business assets the funds will be used for and the sector the company operates in, the long the company has been running and whether the business has enough cash flow to fund the loan, and the general well-being and creditworthiness of the business.

What are the fees?

There are no hidden costs for our business loans, and you’ll know precisely how much you be required to pay and when, starting from the day you sign up. There’s no compounding and the loan comes with no additional fees (as long as you make your payments in time).

We don’t charge an application fee. You are able to make an application for loans without any upfront costs or obligation to proceed.

The Origination Fee is the cost associated with establishing 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 the loan.

Do I have the option of paying off the loan in advance?

You can choose to repay the entire amount of the loan early at any time.

If you do decide to pursue this option, please call our helpful business loan experts. They’ll offer you with details on repayment as well as an early payout amount. This is calculated as the total of the principal remaining and accrued interest to the time of early payment, plus 1.5 percent of the principal remaining as well as any outstanding fees.

How do you make repayments work?

To ensure that you don’t miss payment dates and to align your cash flow cycle we offer repayments either weekly or daily. They are automatically deducted from your designated company account.

Security & privacy

Will my information be secure?

The security of your personal information, as well as being clear about the ways we gather, use, exchange and ensure the security of your information is of huge importance and is a crucial part of our relationship you.

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

Yes. We use industry recognised encryption protocols to safeguard your personal, sensitive financial information and our funders are ISO 27001 qualified for our commitment to security for our customers and privacy. We make use of an advanced banking verification system to instantly confirm your bank account information online so we can provide a fast response.

About business loans

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

Asset-based borrowing is when a company owner utilises an asset that they own to make a loan. The asset can be a personal asset like the family home, or an business property like a truck or piece or equipment.

The vast majority of the lenders including the major banks, prefer to secure loans against an asset. If you’re having trouble paying back the loan, then the asset could be offered for sale by the lender. In essence, it is a way of securing additional financing making use of the value of what you already have.

Are I require security for a company loan?

For loans up to $150K the requirement for asset security is not required before you are able to access the money but we do need the personal guarantee. As long as you follow your loan commitments (as stipulated in your loan contract) Asset security is not required. If you take out loans in excess of $150K generally, you can get an individual ensure and security that is in the form a charge over assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites and auction houses
  • Debt collection companies & debt purchasers
  • Direct marketers such as fundraising, telemarketing, mail order, direct-mail etc.
  • Financial lenders and institutions
  • {Firearm related businesses
  • Foreign currency exchange solutions
  • Freight forwarding and customs clearing houses
  • Anything gambling related
  • Not-for-profit organisations such as charities, churches etc.
  • Smash repairers and panel beaters
  • Pawn shops or pawnbrokers
  • Property development
  • Stockbrokers, shares andinvesment businesses
  • Tattoo palours
  • Ride-sharing or taxi services
  • Ticket resellers & entertainment sales
  • Vehicle towing services
  • Secondhand automotive dealers
  • Vehicle glass tinting
  • Car dismantlers

Although we can’t help with an unsecure business loan in those industries, we might be able to help you by providing an secured business loan.

Brisbane Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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1300 931 836