Unsecured Business Loans Priestdale QLD

In The Next Few Hours, You Could Be On The Right Track To Success WithThe Help Of a Priestdale Business Loan

Unsecured Business Loans Priestdale

A Priestdale unsecured business loan is quick and simple to obtain. Apply for a loan quickly and start using the funds for your company.

  • Do you think that additional funds could help your business in working capital, or to take advantage of an opportunity to grow?
  • How are you financing your company needs?

What you can expect:

  • It’s easy to apply and be approved for cash as quickly as tomorrow
  • There is no option to remittances in the first four weeks
  • Amount of loan from $5k up to $500K
  • Terms from 3 to 36 month
  • Competitive rates of interest prices
  • Minimal docs needed

The conditions for eligibility for an unsecured business loan in Priestdale are fairly minimal.

Call Now 1300 931 836
I'm now able to prepare espresso for customers with the best equipment.
Cafe Owner
Business loan interest rates and repayment terms as well as flexible repayment options to suit what your business requirements.
Business Lending Options
Business loans, particularly an unsecured business loan or line of credit for business funding need to not become a stressfull process. Finance for a company in the shape in the form of small business loans that have an interest rate and repayment period that will suit your business liquidity.
Business Lenders for Business Goals
I'm able to get my tax back on time.
Small Business Owner
A seamless loan application process with a generous borrowing limit, minimal requirements for credit and no requirement to provide a business plan. Do not use your personal credit card or company credit card to fund your business.
Unsecured Loans Made Simple
I am now able to fund the renovation of our modern Priestdale resturant without having draw cash from other resturants.
Priestdale Resturant Owner
I'm now able to hire an expert marketer to boost my business to the next stage.
Growing Priestdale Business
I'm now able take a holiday knowing it is safe knowing that Priestdale company will run effortlessly.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for an business credit in Priestdale with us is easy and takes only a few minutes, no piles of paperwork or long waits.

Get approved and receive your funds in 1 to 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We are aiming to assist Priestdale businesses of all kinds, from small to medium-sized entrepreneurs to obtain quick funding so that they can take advantage of loans to expand and develop.

  • It all starts with a simple online application, or phone call
  • Flexible repayment terms to meet the needs of your business
  • Fast funding within a day or two days
  • We want both you and your company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for getting an unsecured business loan in Priestdale of between $5K and $100K are fairly minimal.

  • A minimum of six months in business
  • A minimum of $6,000 in revenue per month
  • Be a New Zealand based business 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 main trading account
  • Bank statements for the last 6 months

Are you looking for additional funding? Find out the eligibility requirements for our $100K-$500K company loan.

Here's How Other People Have Benefited

Examples of Business Loans

With the busy holiday season approaching, a clothing store required working capital in order to purchase more inventory and to take advantage of the discount offered by suppliers. They took out a loan of $20K over a period of 12 months, with no asset security required and had the funds in less than 24 hours.
Clothing Store
A restaurant owner was wanting to open a second restaurant and needed funds for the installation. The bank was not willing to help. Typical monthly revenue for them was $50K. They were able to get a loan of $66K in 24 months. The turnaround time was 8 hours.
Restaurant Owner
A plumber who's operated their business for three years with $80K in monthly sales was looking for more funding. They took out $153K on 36 months. All that was needed to be provided was 12 month bank statements and confirmation of their status with IRD. The process was completed in less than an hour and the plumber received their additional working capital available in their account within a short time.
Plumber
Following the purchase of a pizza restaurant as well as two liquor stores 6-to 12 months ago, the new owners were seeking more funds. The total revenue of the two stores was more than $500K per month . The owners were able to borrow $300K, split out as $100K for each store using the option of 24- and 36 month terms. No security over the owner's houses was required.
Owner of a Pizza Store & 2 Liquor Stores
The proprietor of a small grocery store that earned $70K per month borrowed $76K over a 24-month period, with no payments for the first four weeks. This had a requirement of 12 months' bank statements. The turnaround time was only 6 hours from submitting the application to receiving the funds.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Priestdale Business Loan Eligibility Criteria

The eligibility requirements of the larger Priestdale company loans of between $100K and $500K consist of:

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

Do you require a smaller amount of capital? Look over the guidelines for eligibility for our $5K to $100K Priestdale unsecured company loans.

Business Lending for a Cash Injection

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

A Priestdale unsecured loan is great for virtually any company purpose. Talk to us today.

  • Expand or renovate commercial spaces
  • Grow the team for busy times
  • Boost stock levels to meet demand
  • Develop a new website, or enhance your marketing
  • Put money into new equipment, tools or new technologies
  • Purchase extra stock to cover seasonal demand
  • Control cash flow fluctuations
  • Plus many more …

Do you want to start working on one of these as soon as tomorrow? So, contact us or apply online now for the quickjest fasted way.

Quick application checklist

What do you need to apply

All that’s needed for starting is your contact details (company name, your name, email and phone) as well as the amount you’d like to lend, and your monthly revenue.

During the process and before settlement we will need confirmation of who you are, but not to get started:

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

Once we’ve started in the process, for loans that exceed $150,000, you’ll 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 nearing, a clothing store required working capital in order to finance additional inventory and to take advantage of discounts offered by suppliers. They took out a loan of $20K over a period of 12 months with no security of assets required. They received the funds within 24 hours.
Clothing Store
A gym that was operating for over three years, was planning to expand and needed more equipment. With an average monthly revenue of $37K they borrowed $72K over a month period. The loan was not secured to secure the loan. It was ready in just 24 hours.
Gym
A restaurant owner wanted to open a second establishment and required funds to remodel. The bank they approached wasn't interested in helping. The typical monthly income for them was $50K and they were able to get a loan of $66K for 24 months. The turnaround time was 8 hours.
Restaurant Owner
A company coach was looking to invest in an health and beauty business. With a little over $12K in monthly revenues the company borrowed $24K over 24 months. This only required twelve months worth of statements and was done in 8 hours.
Business Coach
Following the purchase of a pizza shop and two liquor stores 6-12 months earlier, the new owners were seeking additional funds. The combined revenue was over $500K per month . The owners 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 owner's homes was needed.
Owner of a Pizza Store & 2 Liquor Stores

Unsecured Business Loan Priestdale QLD 4127

The lending landscape has changed

In the wake of traditional lenders and banks restricting credit, the steady stream of alternative and non-bank loan providers that are entering the market offers a great resource for you to make use of.

Priestdale SME’s are now capable of accessing finance through other lenders in Priestdale who are focused on enabling business growth or smoothing cash flow challenges. In the past, private credit options (drawing equity from a home loan, or using credit cards and personal loans as well as the overdraft) provided the most viable alternative funding services in Priestdale that were around.

There’s not a requirement of having to rely on real estate to secure business lending. With an unsecured loan, business financing is now easy. Instead of a term loan through a bank, business finance for an SME with interest rates and loan terms that aid in cash flow are available as business lending options.

 

 

High level summary

Separate personal and business debt

There are numerous benefits in separating personal from business debt.

  • Your home or other investmentsaren’t tied in order to access funds
  • This business stands in better position to build its own, solid credit history
  • It’s much more seamless at tax time
  • Businesses can easily assess, monitor and plan based on their ability to clearly evaluate their cash flow situation

Lower your risks, make the tax process much easier. Get started with an unsecure loan for business. Apply today.

For those who like the detail

Separate personal and business debt

Risk

One big drawcard for keeping your private and business assets separate is that your home isn’t required to be tied for access to the money. For a modest business loan within Priestdale up to $100K asset security won’t be required so long as the borrower is able to meet their loan obligations.

Credit history

Companies are in a advantageous long-term situation if they can demonstrate good credit/debt ability to service.

Tax

The separation of personal as well as company finances makes it significantly more seamless in the event of tax time, especially when it comes to determining the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has laid out requirements for evidence to claim deductions on a company’s tax return. This is an area the IRD has specifically advised on.

Cash flow

Effective management of cash flows is essential to the long-term viability in any business. By keeping the personal financial and company finance separate, businesses can easily view, monitor and plan based on their ability to easily determine their cash flow status.

I'm now able to prepare the coffee I serve my clients using the best equipment.
Cafe Owner
I'm now able take an extended vacation knowing that I am confident that my Priestdale business will run without a hitch.
Local Business Owner
Business loans, especially one that is an unsecured business loan or line of credit to business financing need not be a stressful procedure. Finance for a company in the shape in the form of small business loans at a fixed interest rate cost, and with a repayment term that is suitable for the needs of your company cash flow.
Business Lenders for Business Goals
I'm able to get my taxes back in order.
Small Business Owner
I'm now able employ an expert marketer to take my company to the next level of business growth.
Growing Business
A simple loan application process that comes with a high loan limit, with minimal requirements for credit, and no need to create a business plan. Do not use your personal credit card or company credit cards in order to finance your company.
Unsecured Loans Made Simple
Business credit rates and repayment terms as well as flexible repayment options to meet what your business needs.
Business Lending Options
I'm now able fund the construction of our fresh Priestdale resturant without having to borrow cash from other restaurants.
Priestdale Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Priestdale Small Business Loans

Let me know what you think of the Priestdale Small Business Loans

Priestdale unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow friendly repayments that are either per day or weekly.

What is how is the Unsecured Loan different from an ordinary company loan?

You can apply to your Small Business Loan in under 10 minutes on the internet or by phone. You will receive a same day response and the money could be in your account within 24 hours. Traditional business loans have an annual rate of interest together with additional fees and charges. This company loan is a loan that is priced upfront and you’ll know ahead of time the amount you will have to pay, including any fees, charges or charges. This is then broken down into weekly or daily amount to be paid back.

What could the Small Business Loan be used for?

The Small Business Loan can be used for almost every business use, including managing cash flows, company remodels and marketing to purchase inventory, new equipment, to fund general working capital, and much more. The loan is not available for personal reasons.

About larger Priestdale Business Loans

What is the Larger Priestdale Business Loan?

The Larger Business Loan is a larger loan size to support business expansion opportunities. The loan ranges from $100,000 to $500,000 with a term fixed with a maximum of 36 months. The repayments are made weekly or fortnightly, depending on the flow of cash.

How is the Origination Fee calculated?

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

Am I eligible for the Larger Business Loan?

To be eligible for a loan in this amount, your business needs to have been operating for at least three years and generate an annual revenue of $700,000. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.

What can the funding be used for?

A larger company loan is a great option for almost every company reason, such as business renovations, purchase of new equipment or inventory, as general working capital and much more. The loan cannot be used to fund personal expenses.

Is the Larger Business Loan one that is secured?

Asset security is needed for funding of more than $150,000. This is by way of charge on assets, and may include registration through the PPSR or filing a caveat.

A director’s or personal ensure is a guarantee to pay off a credit line that is general in nature rather than stipulating the security of a specific asset. The person who is signing the guarantee is personally responsible if the company creditor is unable to pay back the debt.

The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including objects or assets). The PPSR grants priority over personal property to be assigned depending on the date that a registration of a security interest.

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

What is a pre-approval minus Credit Check?

When you’re applying for the Larger Business Loan of $250K or more, we may offer an initial pre-approval in order to make the process. It is possible 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 that includes the answer to a series of financial well-being questions. This is not an offer or guarantee of finance. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer you are offered could have different conditions.

Application process

Can I be eligible for funding?

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 company (with a valid NZBN/IRD)
  • you must prove at least 6 months of business (for you to qualify for unsecured loan $5K – $100K) or 3 years of trading (for the Larger Business Loan $100K to $500K)

How do I apply?

The application process is quick and easy. Just fill out the online application in few minutes and an experienced company lending specialist will contact you to guide you.

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

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

$100K – $250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K – $500K: Application details including credit consent twelve month bank accounts, the IRD statement Last 2 years’ finalised financial statements, and interim financial statements for the current year such as age-related payables and aged Receivables summary.

How soon will I hear an answer?

For an unsecured loan ($5K up to $100,000) we typically offer an answer in just one hour – as long as you submit your request at quality business times and permit us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you decide to upload copies of your bank statements we can provide the decision in as little as an business day.

For the Larger Business Loan ($100K or more) we could be in a position to provide the conditional pre-approval within six hours. Once you have signed the pre-approval form, it will take approximately 2-3 days to receive final approval. However, this could be shorter based on the circumstances of each application. Certain offers have been approved within less than 24 hours.

The quickest way to apply is to ensure you apply during normal business hours. Also, allow us to use our advanced bank verification system link to instantly check your bank’s information online. If you choose to upload the copies of bank statements it can take a bit longer.

How fast will I get the cash?

For the Small Business Loan ($5K and up) we can often provide an answer in just one hour – as long as you submit your request within normal business hours and let us make use of the advanced bank verification system to instantly verify your bank details online. If you choose to upload copies of your banking statements, we are able to offer a decision in as little as 1 business day.

If you are applying for Larger Business Loans ($100K or more) We may be in a position to offer you with conditional pre-approval within six hours. Once you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval, however this could be shorter based on the particular circumstances of each application. Some offers have been approved within the space of 24 hours.

The quickest method would be to ensure you apply during normal business hours. You can also allow us to use our sophisticated bank verification to verify your bank account information online. If you opt to upload copies of your bank statement, it takes a bit longer.

What’s the minimum amount I can borrow?

We offer loans that range from $5,000 to $500,000. When you make an application for a particular amount, we consider a variety of factors that determine what is the well-being that is your company and the extent of repayments your company is able to afford. The total amount of your loan will be contingent on the specific circumstances that are unique to your business.

When you submit an application for a specific amount we look at a range of aspects to assess the well-being of your company as well as the amount of payments your business is able to afford. The total amount of your loan will be contingent on the specifics the business.

Fees & repayments

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

When you apply for one of our company financing, we will assess the risk profile of your company and offer you with a tailored offer that includes the amount of loan, the term and interest rates. The business loan is an upfront-priced loan and you’ll know in advance the total amount due, which includes any charges, interest rates or fees.

What determines the amount I will be charged?

Business loan interest rates differ based on various factors such as the amount that is that is borrowed, what business assets the money are used to purchase in addition to the industry that the company operates in, how long the company has been in operation as well as what percentage of the company has sufficient cash flow to fund the loan, and also the overall well-being or financial standing of the company.

What are the costs?

There are no hidden costs with our business loans. You’ll know precisely what you’ll need to pay and at what time, from the first day. There’s no compounding interest and no extra fees (as as long as you pay your payments punctually).

We don’t charge an Application Fee. You are able to make an application for loans with no upfront cost or commitment to apply.

The Origination Fee covers the expenses involved with the setting up and management of the loan. You are only charged this fee if you decide to take the loan. Our Origination Fee is 2.5 percentage of the amount of loan.

Can I repay the loan earlier?

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

If you decide to pursue this option, please speak to our friendly company loan specialists. They will offer you with the details of your repayment as well as an early payout amount. This will be calculated as the sum of the principal remaining and accrued interest to the date of early payout and 1.5 percent of the principal amount remaining and any outstanding fees.

What is the process for repayments?

To ensure that you don’t miss payments and to work your cash flow schedule, we offer repayments that are either daily or weekly. They will be automatically deducted from the nominated business account.

Security & privacy

Will my information be protected?

Protecting your information, and knowing the ways we gather, use, exchange and secure your information, is crucial and an integral element of our relationship with you.

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

Yes. We utilise industry-recognised encryption techniques to protect your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our dedication to protecting the security of customers and security. We utilise a sophisticated bank verification system to immediately verify the bank account details online to 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 a company owner borrows from an asset they own to obtain a loan. The asset may be an individual property, such as the family home or an company property like a truck or piece or equipment.

The vast majority of lending institutions, including the banks with the biggest size, prefer to guarantee loans against an asset. If you’re struggling to pay back the loan then your asset may be taken over by the lender. In essence it’s an opportunity to secure new financing by using the worth of the asset you already own.

Should I need security for a business loan?

For loans up to $150,000 it is not necessary to secure assets in advance to gain access to the funds however, we do need an individual guarantee. In the event that you fulfill your loan obligations (as detailed in your loan contract document) the security of assets is not needed. For loans of over $150K generally, you can get an individual guarantee and security in the form a charge over assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction websites and auction houses
  • Debt purchasers or debt collection firms
  • Direct marketers including fundraising, telemarketing, mail order, direct-mail etc.
  • Financial lenders and institutions
  • {Firearm businesses
  • Foreign currency exchange solutions
  • Customs clearing houses & freight forwarding
  • Gambling related industries
  • Non-profit organisations such as charities and churches etc.
  • Panel beaters & smash repairers
  • Pawnbrokers or pawn shops
  • Property developers
  • Stockbrokers, shares &invesment businesses
  • Tattoo palours
  • Ride sharing and taxi services
  • Ticket resellers & entertainment sales
  • Tow truck services
  • Secondhand automotive companies
  • Automotive glass tintingservices
  • Vehicle wrecking yards

While we aren’t able to help with an unsecure business loan for these industries, we may be able to assist with the secured business loan.

Brisbane Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

Apply Now

Apply Now

Contact Us

Contact Us

Contact Us

Fill out the form below or Call Now
1300 931 836