Unsecured Business Loans Logan Village QLD

If You Do This Today, You'll Be On The Right Track To Success By ObtainingThe Help Of a Logan Village Business Loan

Unsecured Business Loans Logan Village

A Logan Village unsecured business loan is simple and quick to obtain. Approve your loan in a matter of minutes and use the money for your business.

  • Do you think that additional funds could help your company with working capital or to realise the opportunity for growth?
  • What is the financing strategy you are using to fund your company needs?

What you can expect:

  • It’s easy to apply to be approved and receive the funds will be available as early as tomorrow
  • Optionally no reayments in the initial 4 weeks
  • Amount of loan from $5k up to $500K
  • Terms from 3-36 months
  • Competitive interest rates
  • Minimal documentation needed

The criteria for eligibility for an unsecured business loan in Logan Village are fairly minimal.

Call Now 1300 931 836
I'm now able make espresso for customers with the best equipment.
Cafe Owner
Business loan interest rates and repayment terms and flexible repayment options that can be tailored to what your company needs.
Business Lending Options
Business loans, specifically one that is an unsecured business loan or line of credit for business funding require have no difficult process. Finance for a company in the shape in the form of small business loans at an interest rate cost, and with a repayment schedule that is suitable for the requirements of your company budget.
Business Lenders for Business Goals
I can get my tax back on time.
Small Business Owner
Simple loan application procedure with a huge borrowing limit, minimal requirements for credit, and there is no requirement to present a business plan. You no longer need to use your personal credit card and business credit cards as a way to finance your company.
Unsecured Loans Made Simple
I can now fund the renovation of our newly constructed Logan Village resturant without having to pull cash from the other restaurants.
Logan Village Resturant Owner
I'm now able to hire a marketer to boost my company to the next step.
Growing Logan Village Business
I'm now able to go on time off knowing that I am confident that my Logan Village business will run smoothly.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

The process of applying for business loans in Logan Village company financing within Logan Village with us is easy and takes only less than a minute, with no lengthy forms or lines.

Approved and receive funds in 1 to 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Logan Village businesses of all kinds, including medium, small and even soloprenuers to get access to funding fast so they can take advantage of loans to grow and build.

  • It begins with an easy online application, or phone call
  • Flexible terms for repayment to fit your business
  • Fast funding within a day or two
  • A team of people who want to see you succeed as well as you business to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • Minimum of 6 months in business
  • At least $6,000 of revenue per month
  • You must be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for proof of identity
  • Use a New Zealand bank as your primary account for trading
  • Bank statements from the previous 6 months

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

Here's How Other People Have Benefited

Examples of Business Loans

With the busy Christmas season approaching, a clothing store needed additional working capital to purchase more stock and also benefit from the discount offered by suppliers. They borrowed $20K over 12 months, with no collateral for their assets, and they had the funds in less than 24 hours.
Clothing Store
A restaurant owner was wanting to open a second location and needed money to fund the fit out. The bank they approached wasn't interested in helping. The typical monthly income for them was $50K. They borrowed $66K over 24 months. The turnaround time was 8 hours.
Restaurant Owner
A plumber who's had business for three years and has the monthly revenue of $80K was looking for additional funding. They took out a loan of $153K for the course of 36 months. The only thing needed was 12 months of bank statement and confirmation of their status with IRD. The process was complete within one day, and the plumber received their additional working capital in ther account within a short time.
Plumber
After purchasing a pizza shop and two liquor stores six to 12 months earlier, the new owners were looking for additional cash. The revenue total was greater than $500k per month. They were able to borrow $300K. This was then split as $100K per store on the option of 24- and 36 month terms. No security over the owner's homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
The owner of a small grocery store making $70K a month borrowed $76K over a 24-month period, with no payments for the first 4 weeks. The loan required 12 months of bank statements. The turnaround time was only 6 hours from application to getting the funds.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Logan Village Business Loan Eligibility Criteria

The criteria to be eligible to be eligible for loans from larger Logan Village company loans of between $100K and $500K are:

  • A minimum of 3 years of business
  • At least $700K in annual revenue
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification
  • Make sure you have a New Zealand bank as your primary account for trading
  • Bank statements from the past 6 months
  • Certain financial statements, such as Profit & Loss, and aged accounts Payable and Receivable

Are you looking for a lower amount of funds? Look over the eligibility requirements for our $5K-$100K Logan Village unsecured company loans.

Business Lending for a Cash Injection

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

A Logan Village unsecured loan is ideal to use for any business purpose. Call us now.

  • Remodel or expand the commercial space
  • Staff expansion during busy times
  • Increase stock levels to keep up with demand
  • Develop a new website, or increase your marketing
  • Consider investing in new equipment, tools , or technological advancements
  • Make sure you have extra stock on hand to meet the seasonal demand
  • Control cash flow fluctuations
  • Plus 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 get the fastest and most effective process.

Quick application checklist

What do you need to apply

All you need to get started is your contact information (company name and your name, as well as email and phone) as well as the amount you’d like to borrow and your monthly income.

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

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

Once we’ve started with loans over $150,000 you’ll also need fundamental financial statements:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

With the busy Christmas time approaching, a clothing store needed working capital to buy more stock and take advantage of discounts from suppliers. They secured $20K over the course of 12 months, with no collateral for their assets, and they had the funds within 24 hours.
Clothing Store
A gym that had been in operation for more than 3 years was looking to expand and required additional equipment. With an average monthly revenue of $37K they borrowed$72K over a 24 month period. No security was needed for the loan and it was ready within only 24 hours.
Gym
The owner of a restaurant wanted to open another restaurant and needed funding to installation. The bank they approached wasn't willing to help. The average monthly income for them was $50K, and they were able to get a loan of $66K over the course of 24 months. The turnaround time was 8 hours.
Restaurant Owner
A company coach wanted to invest in an health as well as beauty business. With a little over twelve thousand dollars in monthly income the company was able to borrow $24K over 24 months. The loan was based on twelve months worth of statements and was done in only 8 hours.
Business Coach
Acquiring a pizza shop as well as two liquor stores 6-12 months earlier the new owners were looking for additional funds. The total revenue of the two stores was more than 500K per month. They were able to borrow $300K. The loan was split into $100K per store on two different 24 and 36 months. No security over the owners houses was required.
Owner of a Pizza Store & 2 Liquor Stores

Unsecured Business Loan Logan Village QLD 4207

The lending landscape has changed

With traditional lenders and banks increasing their credit requirements The steady flow of non-bank and alternative loan providers entering the market offers an incredible source to take advantage of.

Logan Village SME’s are now capable of accessing finance through alternative lenders who service Logan Village who are focused on enabling business expansion or smoothing out problems with cash flow. In the past, when individual credit providers (drawing equity from the home loan, or by using credit cards in addition to personal loans and loans) were the only alternative financing services for Logan Village that were around.

There’s an end to the need to rely on real estate to secure company loans. With an unsecured loan business funding is made simple. Instead of a traditional term loan from banks, business finance for a small company with interest rates and loan terms that aid in cash flow are available as business loan options.

 

 

High level summary

Separate personal and business debt

There are many benefits by separating personal and business debt.

  • Your home, or other investments, aren’t tied up in order to access funds
  • It is the business has a more favourable position to create its own credit history
  • It is much more straightforward during tax time
  • Businesses can easily view how they are performing, monitor and plan on the ability to clearly examine their cash flow status

Limit your exposure, make tax time more simple, apply for an unsecure company loan. Get it today.

For those who like the detail

Separate personal and business debt

Risk

One of the main benefits of keeping your individual and business assets separate can be that your home isn’t necessarily tied up for access to the money. If you’re looking for a small business loan within Logan Village up to $100K an asset security agreement will not be required as in the event that the borrower has met their loan obligations.

Credit history

Companies will be in a favourable long-term position if they have a good credit or debt ability to service.

Tax

Separating personal and company finances makes it much more straightforward with regards to tax time, particularly when determining what is the tax-deductible amount. The IRD has set out rules on the evidence required for claiming deductions on an individual’s tax return. This is an area that the IRD has specifically advised on.

Cash flow

A well-organised cash flow management system is crucial to the long-term success that of any company. By keeping personal and company finances separate, businesses can easily view how they are performing, monitor and plan on the ability to effectively examine their cash flow.

I am now able to make the coffee I serve my clients with the best equipment.
Cafe Owner
I am now able to take time off knowing that it is safe knowing that Logan Village company will run without a hitch.
Local Business Owner
Business loans, specifically one that is an unsecured business loan or line of credit for business funding need not be a difficult procedure. Business finance is in the form in the form of small business loans with an interest rate and repayment time which is compatible with the needs of your business financial needs.
Business Lenders for Business Goals
I'm able to get my taxes back in order.
Small Business Owner
I'm now able employ a marketer to boost my company to the next step of business growth.
Growing Business
Simple loan application procedure with a large limit on borrowing, no requirements for credit and there is no need to present a business plan. Don't use your personal credit card or company credit cards to fund your company.
Unsecured Loans Made Simple
Business loan interest rates and repayment conditions, and flexible repayment options to fit your business requirements.
Business Lending Options
I can now fund the fitout of our fresh Logan Village resturant without having draw cash from other locations.
Logan Village Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Logan Village Small Business Loans

Tell me more about Logan Village Small Business Loans

Logan Village unsecured loans provides amounts between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow friendly repayments that are either daily or weekly.

What makes this Unsecured Loan different from the traditional company loan?

It is possible to apply to this Small Business Loan in under 10 minutes on the internet or by phone. You will receive a same day response and the funds could be on your account within 24 hours. Traditional company loans have an annual interest rate plus other fees and charges. The business loan is a loan that is priced upfront and you’ll be aware in advance of the amount you will have to pay, including any fees, charges or charges. This is then broken down into weekly or daily repayment figure.

What could the Small Business Loan be used for?

A Small Business Loan can be used for almost every business reason, such as control of cash flow business improvements, advertising, to purchase inventory or new equipment, for general working capital and so much more. The loan is not available for personal purposes.

About Larger Logan Village Business Loans

What is the Larger Logan Village Business Loan?

The Larger Business Loan is a larger size loan to aid in company growth opportunities. Loans are between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are weekly or fortnightly in order to accommodate you cashflow.

How is the Origination Fee determined?

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

Do I qualify for the Larger Business Loan?

To qualify for a loan that is this large, your business needs to be in operation for at least 3 years, and have an annual income of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.

How can the funding be used for?

A Larger Business Loan is a great option for almost any company use, including business remodeling, buying new equipment or inventory or as general working capital and so much more. The loan cannot be used for personal purposes.

Is the Larger Business Loan one that requires security?

Asset security is required for funding of more than $150,000. It is usually as a result of an charge over assets and can be registered in the PPSR or registering a caveat.

A director’s or personal guarantee is a commitment to repay a loan which is generally based rather than defining the security for a particular asset. The person signing the ensure is personally liable in the event that the business the borrower fails to pay back the debt.

The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It contains security interests registered in respect of personal property (including objects or assets). The PPSR gives preference over private property assigned in accordance with the date on which a security interest that is registered.

The caveat can be described as a formal form of document to offer the legal claim on a property.

What is a pre-approval without Credit Check?

When you’re applying for a Larger Business Loan of more than $250,000 we may be able to provide an initial pre-approval in order to smooth out the process. We might be able to apply for this without a credit check, and within 6 hours of the initial application. This pre-approval is based on an initial assessment, which involves the answer to a series of financial health checks. It’s not an offer of credit or guarantee of credit. Unconditional approval is subject to an assessment of your creditworthiness and any offer you may receive may be on different conditions.

The application process

Do I have the right to receive funds?

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

  • are a New Zealand Citizen (or Permanent Resident)
  • are 18 years or older, have a New Zealand business (with a valid NZBN/IRD)
  • you must prove at least 6 months of business (for for the unsecured loan $5K – $100K) or three years of trade (for the Larger Business Loan $100K - $500K)

How do I apply?

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

To be eligible for up to $100,000, you’ll require proof of identity (valid Driver’s License) along with an NZBN/IRD that is valid and at least 6 months of bank statements.

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

$100K – $250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K-$500K: Details for application including credit consent twelve month bank accounts, the IRD statement as well as the two most recent years’ financial statements, and interim financials for the current financial year as well as Aged Payables and Receivables reports.

How soon will I hear a decision?

For an unsecured loan ($5K to $100K) we usually offer an answer within an hour if you submit your request in standard company hours and you allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your banking statements , we are able to provide the decision within just an business day.

For the Larger Business Loan ($100K to $500K) we might be able to provide you with a conditional pre-approval in about six hours. After you’ve signed your pre-approval form, it will take approximately 2-3 days to receive final approval, however this may be quicker depending on the circumstances of each application. Some deals have been approved within just 24 hours.

The fastest way would be to make sure you apply during standard company hours. Also, allow us to use the advance bank verification link to check your bank’s information online. If you send us documents from your account statements , it will take a little longer.

How quickly will I receive the cash?

For the Small Business Loan ($5K or more) We can usually offer an answer in just one hour – as long as you submit your request at normal business times and let us utilise the advanced bank verification system to instantly verify your bank details online. If you opt to send us copies of your bank statements, we will be able to offer the decision within one business day.

If you are applying for Larger Business Loans ($100K and up) we might be capable of offer you with conditional pre-approval within about six hours. Once you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval. However, this may be quicker depending on the particular circumstances of each application. Some agreements have been approved in 24 hours.

The most efficient method would be to make sure you apply during normal business hours. Also, allow us to use our advanced bank verification system to confirm your bank details online. If you choose to upload duplicates of your banking statements it can take a bit longer.

How much can I borrow?

We offer the loan amount between $5,000 and $500,000. If you apply for a certain amount we take into consideration a range of factors for determining the health of the business as well as the amount of the repayments your business can support. The amount you receive from your loan will depend on the specifics for your business.

When you apply for a particular amount, we will consider a number of aspects to assess how much we can lend you such as well-being of your company as well as the amount of the repayments your business can support. The total amount of your loan will be determined by the particular circumstances of your business.

Fees & repayments

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

When you apply for business loans with us company loan, we will assess the risk profile that you have for your business and provide an individualised offer that includes loan amount, term and interest rates. A business loan is an upfront-priced loan therefore you will know the exact amount you will have to pay, including interest rates, fees or charges.

What is the basis for the rate I will be charged?

Business loan interest rates vary due to variables like the amount to be of money borrowed, the company assets the money are used to purchase as well as the field the company operates in, the long the company has been running as well as whether the company has sufficient cash flow to pay for the loan, as well as the general well-being or financial standing of the business.

What are the cost?

There aren’t any hidden charges with our business loans, and you’ll be aware of the amount it is that you be required to pay, and at what time, from the first day. There’s no compounding and no additional fees (as long as you are able to make your payments punctually).

We don’t charge an Application Fee. You can make an application for loans absolutely no upfront cost and no obligation to proceed.

The Origination Fee is the cost associated with establishing and managing the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the amount of loan.

Can I pay off the loan early?

You can repay the entire amount of the advance loan at any time.

If you choose to do this please talk to one of our helpful business loans professionals. The professionals will provide you with repayment details along with an early payout estimate. This is calculated as the total of the remaining principal amount and accrued interest to the time of the early payout in addition to 1.5% of the principal balance as well as any outstanding fees.

How do repayments work?

To ensure you do not miss payment dates and to align your cash flow cycle we provide payments that are either daily or weekly. These are automatically withdrawn from the nominated business account.

Security & privacy

Will my information be protected?

The security of your personal information, as well as being upfront about the ways we gather data, process, exchange and secure your information, is vital and is an essential aspect of our relationship with you.

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

Yes. We employ industry-recognised encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to the security of our clients as well as their security. We utilise a sophisticated banking verification system to instantly verify your bank account details online so we can offer an immediate response.

About business loans

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

The term "asset-based" refers to borrowing where an business owner makes use of an asset that they own to obtain a loan. The asset can be either an asset belonging to the personal, like the family home or a business property like a truck or piece or equipment.

The vast majority of lenders, not just the largest banks, are inclined to secure loans against an asset. If you’re having trouble paying back the loan then your asset may be sold by the lender. In essence it’s the process of securing new financing by using the value of what you already have.

Do I need security to get an company loan?

For loans that exceed $150,000, no asset security is required in advance to gain access to the funds but we do require an individual guarantee. So long as you comply with your loan commitments (as detailed in the loan contract) and you are able to meet your obligations, asset security will never be needed. If you take out loans in excess of $150K generally, you are able to get an individual ensure and security in the form a charge over assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses & auction websites
  • Debt purchasers & debt collection companies
  • Direct marketing including direct-mail, mail order, fundraising, telemarketing etc.
  • Financial lenders or institutions
  • {Firearm related businesses
  • Foreign currency exchange services
  • Freight forwarding and customs clearing houses
  • Gambling related industries
  • Not-for-profit organisationsincluding charities and churches etc
  • Panel beaters & smash repairers
  • Pawnbrokers and pawn shops
  • Property development
  • Investment business, shares and stockbrokers
  • Tattoo palours
  • Taxi and ridesharing services
  • Entertainment sales and ticket resellers
  • Tow truck services
  • Secondhand automotive dealers
  • Automotive glass tintingservices
  • Car dismantlers

Although we cannot assist with an unsecure business loan in these industries, we may be able assist with secured business loan.

Brisbane Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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1300 931 836