Unsecured Business Loans Wellington Point QLD

If You Do This Today, You'll Be All Set For Success By Obtaining a Wellington Point Business Loan

Unsecured Business Loans Wellington Point

A Wellington Point unsecured business loan is easy and quick to obtain. Request a quick approval and use the money in your business.

  • Do you think that additional funds could help your business in working capital, or for a growth opportunity?
  • How are you financing your business requirements?

You can expect:

  • Simple process to apply and be approved for cash as quickly as tomorrow
  • Optionally no reayments in the initial four weeks
  • Borrow from $5k to $500K
  • Terms from 3 to 36 month
  • Competitive interest rates
  • Minimal documentation

The criteria for eligibility for an unsecured business loan in Wellington Point are fairly minimal.

Call Now 1300 931 836
I can now make beverages for clients with the very best equipment.
Cafe Owner
Business business loans, interest rates and repayment terms and flexible repayment options to suit you company needs.
Business Lending Options
Business loans, particularly an unsecured business loan or line of credit for business funding require not be a stressfull procedure. Business finance is in the form of small business loans at an interest rates and repayment schedule which is compatible with your business cash flow.
Business Lenders for Business Goals
I'm able to get my tax back on track.
Small Business Owner
A seamless loan application process that comes with a high borrowing limit, minimal credit criteria and there is no need to create a business plan. You no longer need to use your personal credit card or business credit card to finance your business.
Unsecured Loans Made Simple
I am now able to fund the fitout of our newly constructed Wellington Point resturant without having to pull cash from the other restaurants.
Wellington Point Resturant Owner
I'm now able employ an specialist marketer to increase the success of my business to the next step.
Growing Wellington Point Business
I'm now able to go on time off knowing that the Wellington Point company will run smoothly.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Requesting an business loans for business in Wellington Point with us is easy and takes only a few minutes, no piles of paperwork or long waits.

Get approved and receive your cash within 1 – 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Wellington Point companies of all sorts small, medium even entrepreneurs to obtain quick funding so that they can use the loan to grow and build.

  • It starts with an easy online application, or phone call
  • Flexible repayment terms that can be tailored to your company
  • Fast and quick funding within a single day or two days
  • A team wanting to see you succeed as well as you company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • At least 6 months in business
  • At least $6,000 revenue per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as identification proof
  • Have an account with a New Zealand bank as your main trading account
  • Bank statements from the past 6 months

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

Here's How Other People Have Benefited

Examples of Business Loans

With the busy Christmas time fast approaching, a clothes store needed working capital to fund extra stock and also benefit from a supplier discount. They borrowed $20K over 12 months, with no security for assets and received the funds in 24 hours.
Clothing Store
The owner of a restaurant wanted to open another restaurant and needed funding to installation. Their bank was not interested in helping. The typical monthly income for them was $50K and they were able to borrow $66K for 24 months. The turnaround time was 8 hours.
Restaurant Owner
A plumber who's worked in the business for three years and has monthly sales of $80K was looking for additional funding. They took out $153K on a 36 month term. The only thing needed was 12 months of bank statements and confirmation of their status with IRD. The process was complete within one day, and the plumber had their extra working capital available in their account shortly thereafter.
Plumber
Following the purchase of a pizza shop as well as two liquor stores 6-12 months prior, the new owners were seeking additional cash. The combined revenue was over $500K per month and they were able to borrow $300K. This was then split as $100K per store with a mix of 24 and 36 months. There was no security on the owners' houses was needed.
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 term with no repayments for the first four weeks. This required 12 months of bank statements. The time to turn around was just six hours from application to getting the funds.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Wellington Point Business Loan Eligibility Criteria

The criteria for eligibility of larger Wellington Point business loans of between $100K and $500K are:

  • Minimum of 3 years trading 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 evidence of identity
  • Have an account with a New Zealand bank as your main trading account
  • Bank statements from the past 6 months
  • Some financial statements such and Profit & Loss as well as Aged Accounts Payable and Receivable

Looking for a smaller amount of money? Check out the guidelines for eligibility for our $5K to $100K Wellington Point unsecured business loans.

Business Lending for a Cash Injection

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

A Wellington Point unsecured loan is perfect to use for any company use. Call us now.

  • Add or remodel commercial properties
  • Staff expansion for busy times
  • Grow stock quantities to keep pace with demand
  • Develop a new website, or boost your marketing
  • Put money into new tools, equipment or technology
  • Make sure you have extra stock on hand to meet the seasonal demand
  • Manage cash flow fluctuations
  • Plus many more …

Are you looking to start one of these as soon as tomorrow? So, contact us or send your application online to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All you need for starting is your contact information (company name, your name, email and phone) and the amount you want to borrow, and your monthly earnings.

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

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

After we start when it comes to loans greater than $150,000 you’ll also require basic financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

With the busy Christmas season approaching, a clothing store needed working capital to purchase more stock and also benefit from the discount offered by suppliers. They borrowed $20K over 12 months without security for assets and received the funds in less than 24 hours.
Clothing Store
A gym that had been operating for over three years was looking to expand and required additional equipment. With a monthly income of $37K, they borrowed $72K over a month period. No security was needed and the loan was ready to go in the span of 24 hours.
Gym
A restaurant owner was wanting to open another restaurant and needed funding to renovation. The bank was not interested in helping. The average monthly income for them was $50K, and they borrowed $66K over 24 months. The turnaround time was 8 hours.
Restaurant Owner
A business coach was looking to invest in the health and beauty business. With a little over $12K in monthly revenues the company was able to borrow $24K over 24 months. This only required twelve months worth of statements and was done in only 8 hours.
Business Coach
After purchasing a pizza place and two liquor stores six to 12 months earlier the new owners were looking for additional funds. The revenue total was greater than $500K per month . The owners could borrow $300K, split out as $100K per store with the option of 24- and 36 month terms. There was no security on the owners' homes was required.
Owner of a Pizza Store & 2 Liquor Stores

Unsecured Business Loan Wellington Point QLD 4160

The lending landscape has changed

In the wake of traditional lenders and banks increasing their credit requirements and the constant stream of non-bank and alternative loan providers entering the market provides the perfect source to make use of.

Wellington Point SME’s are now capable of accessing finance through alternate lenders servicing Wellington Point who are focused on enabling company expansion or smoothing problems with cash flow. In the past, private credit options (drawing equity from a house loan, or using credit cards and personal loans as well as credit cards) provided the most viable alternative financing services for Wellington Point that were around.

There’s no need for you to rely on real estate to secure business loan. With an unsecured loan, business financing is easy. Instead of a term loan with banks, business finance for a small business with interest rates and loan terms that can help in cash flow are available as business lending options.

 

 

High level summary

Separate personal and business debt

There are many benefits in separating personal from business debt.

  • Your home, or other investmentsaren’t tied to allow access to funds
  • It is the business is in a more favourable position to establish its own, solid credit history
  • It is much more straightforward when it comes to tax time
  • Businesses can easily view, monitor and plan based on being able to easily assess their cash flow position

Limit your exposure, make your tax time simpler, start with an unsecure busines loan, apply today.

For those who like the detail

Separate personal and business debt

Risk

One big drawcard for keeping your private and business assets apart can be that your home isn’t necessarily tied up to access the funds. For a small business loan within Wellington Point 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

Businesses are in a more advantageous long-term situation if they have a good credit or debt serviceability.

Tax

A separation between personal and company finances makes it much more straightforward when it comes to tax time - particularly when identifying what is the tax deductible allocation. The IRD has set out requirements for evidence to claim deductions on a company’s tax return. This is an area the IRD has advised specifically on.

Cash flow

Effective management of cash flows is key for the longevity in any company. By keeping personal and company finances distinct, companies can easily view their cash flow, plan and monitor it based on the ability to clearly assess their cash flow position.

I'm now able make beverages for customers using the best equipment.
Cafe Owner
I can now take an extended vacation knowing that it is safe knowing that Wellington Point business will run well.
Local Business Owner
Business loans, especially one that is an unsecured business loan or line of credit to business financing need have no difficult 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 your company budget.
Business Lenders for Business Goals
I'm able to get my taxes back in order.
Small Business Owner
I'm now able hire a marketing expert to increase the success of my business to the next stage of business growth.
Growing Business
An easy loan application process that comes with a high borrowing limit, minimal requirements for credit, and there is no requirement to submit a business plan. You no longer need to use your personal credit card or business credit cards in order to finance your business.
Unsecured Loans Made Simple
Business credit rates and repayment terms as well as flexible repayment options to meet what your company needs.
Business Lending Options
I can now fund the renovation of our newly constructed Wellington Point resturant without having to borrow cash from other ones.
Wellington Point Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Information About The Wellington Point Small Business Loans

Tell me more about Wellington Point Small Business Loans

Wellington Point unsecured loans offers the range of $5,000 to $100,000 with terms between 3 and 24 month and cash flow friendly repayments, which are either daily or weekly.

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

You can apply to get the Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive an immediate response, and the funds could be in your account within 24 hours. Traditional business loans have an interest rate per annum plus other fees and charges. The company loan is an upfront priced loan which means you know in advance the total amount due, which includes any fees, charges or charges. Then, it is divided into weekly or daily repayment figure.

What could be the Small Business Loan be used for?

It is a Small Business Loan can be used for almost every business purpose including cash flow management, business remodels and marketing to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used for personal reasons.

About larger Wellington Point Business Loans

What is the Larger Wellington Point Business Loan?

The Larger Business Loan is a larger size of loan that can be used to fund business expansion opportunities. Loans range from $100,000 to $500,000 over a fixed term for up to 36 months. Repayments are weekly or fortnightly, depending on the flow of cash.

How is the Origination Fee calculated?

It is crucial to note that the Larger Business Loan has an Origination Fee which is determined at 2.5 percent of the loan amount.

Can I get the Larger Business Loan?

To be eligible for a loan that is this large, your company needs to be in operation for at least 3 years and have an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.

How can the funds be utilised?

A Business Loan of a larger size is a great option for almost every business need, including company renovations, purchase of equipment or inventory for 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 required for funding of more than $150,000. This is as a result of an charge against assets, and may include registering this through the PPSR or making a caveat.

A personal or director’s guarantee is a promise to repay a loan which is general in nature rather than specifying security over an asset. The person signing the guarantee is personally responsible if the company the borrower fails to re-pay 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 that are registered for personal property (including items or assets). The PPSR gives prioritisation over property that is personal to be assigned according to the date the registration of a security interest.

A caveat is a legal document filed to provide an official notice of a claim against a property.

What is a pre-approval minus Credit Check?

If you’re requesting the Larger Business Loan that exceeds $250,000 we can offer an initial pre-approval in order to smooth out the process. We might be able to get this done without a credit check, and within 6 hours of the initial application. This pre-approval is based on an initial evaluation that involves you answering a few financial health checks. This is in no way an offer, nor is it a guarantee of credit. Acceptance without condition is subject to a full credit assessment and any offer you might receive could have different conditions.

The application process

Can I be eligible for funding?

You may apply for a company loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are over the age of 18 and have a New Zealand business (with a valid NZBN/IRD)
  • can demonstrate at least 6 months’ worth of transactions (for you to qualify for unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K or $500K)

How do I apply?

The process for applying is fast and simple. Just complete the online application in few minutes and a dedicated business credit specialist will call you to assist you.

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

For larger loan sizes, you’ll need:

$100K-$250K: Details of application, including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Information on the application including credit consent as well as 12 months of bank statements, IRD statements Last 2 years’ finalised financial statements, as well as interim financials for the current financial year, Aged Payables and Aged Receivables summary.

How quickly will I receive an answer?

For an unsecured loan ($5K to $100K) we typically provide an answer in just one hour if you apply at quality company timings and let us utilise the bank verification system link to instantly verify your bank details online. If you want to upload copies of your banking statements we can provide the decision within just one business day.

For the Larger Business Loan ($100K and up) we might be capable of provide you with a conditional pre-approval within about 6 hours. After you’ve signed your pre-approval form, it will take between 2 and 3 days for the final approval, however this can be quicker based on the circumstances of each application. Some agreements have been approved within 24 hours.

The quickest way to apply for you to apply is ensure you apply during normal company hours. Also, let us use the advanced bank verification system to instantly verify your bank information online. If you decide to upload the copies of bank statement, it can take a bit longer.

How quickly will I receive the cash?

For the Small Business Loan ($5K to $100K) We can usually provide an answer within one hour, provided you make your application within normal business hours and allow us to use the bank verification system to immediately verify your bank account information online. If you opt to upload copies of your bank statements, we are able to offer the decision within an business day.

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

The most efficient method would be to make sure you apply during normal business hours, and allow us to use the advanced bank verification system to verify your bank information online. If you send us copies of your bank accounts, it takes a bit longer.

How much can I borrow?

We provide loans ranging from $5,000 to $500,000. When you make an application for a certain amount, we look at a variety of variables to determine your health of your business and the extent of repayments your business can afford. The amount you receive from your loan will depend on the specifics of your company.

When you make an application for a certain amount, we look at a range of aspects to determine how much we can lend you such as well-being that is your business as well as the amount of the repayments your business can support. The total amount of your loan will be contingent on the specific circumstances of your company.

Fees & repayments

How do you charge for a business loan?

When you make an application for our business credit, we will assess the risk assessment of your company and offer you with a customised offer including the loan amount, the terms and interest rates. A company loan is an upfront priced loan so you will be aware in advance of the total amount to be paid, including any costs, fees, or interest rates.

What is the factor that determines the price I’m charged?

The interest rates on company loans rates vary due to factors including the amount borrowed, the business assets the funds will be used for, the industry the business operates in, the long the company has been running, what percentage of the company has enough cash flow to pay for the loan, and general well-being or financial standing of the business.

What are the charges?

There are no hidden fees for our business loans. You’ll know exactly how much you need to pay and when, starting from the day you sign up. There’s no compounding interest and the loan comes with no additional fees (as long as you are able to make your payments punctually).

We don’t charge an application fee. You are able to request a credit loan with absolutely no upfront cost and no commitment to apply.

The Origination Fee includes the expenses associated with the setting up and management of the loan. This is only a fee if you decide to take the loan. The Origination Fee for us is 2.5 percentage of the loan amount.

Can I repay the loan in advance?

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

If you choose to do this please call our helpful business credit specialists. They will offer you with the details of your repayment and an early payout figure. This will be calculated as the total of the principal amount remaining and accrued interest to the time of the early payout, plus 1.5% of the principal amount remaining plus any outstanding fees.

How do repayments work?

In order to help you avoid missing payment dates and to align your cash flow schedule, we provide payments that are either weekly or daily. They will be automatically deducted from the nominated business account.

Security & privacy

Will my data be protected?

Security of your data, and being transparent about how we collect the information we collect, use, share and protect 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 make use of industry-standard encryption standards to protect your personal, sensitive and financial data and our funders are ISO 27001 certified for our dedication to protecting the security of customers and security. We employ an exceptionally sophisticated bank verification system to instantly verify your bank account details online. This allows us to provide quick responses.

About business loans

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

An asset-based loan is when an company owner borrows from an asset that they own to get the funding. The asset may be an individual asset, such as the family home, or an business property like a truck or piece or equipment.

The majority of the lenders not just the largest banks, are inclined to make loans secured by assets. If you have trouble paying back the loan then the asset might be transferred to the lender. In essence it’s the process of securing new financing making use of the value of what you already have.

Do I require security to secure an business loan?

For loans of up to $150,000, no asset security is required before you are able to access the money however, we do require the personal guarantee. If you adhere to your loan commitments (as detailed in the loan contract) Asset security is not needed. For loans over $150K typically, you will need a personal guarantee and security is provided in the form of a charge over assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses or auction websites
  • Debt purchasers and debt collection companies
  • Direct marketing including mail order, fundraising, telemarketing, direct-mail etc.
  • Financial lenders or institutions
  • {Firearm dealers
  • Foreign currency exchange offerings
  • Freight forwarding and customs clearing houses
  • Anything gambling related
  • Not-for-profit organisations, charities and churches etc
  • Panel beaters & smash repairers
  • Pawn shops & pawnbrokers
  • Property development
  • Investment business, shares & stockbrokers
  • Tattoo studios
  • Ride sharing and taxi services
  • Ticket resellers and entertainment sales
  • Tow truck services
  • Used vehicle dealerships
  • Car glass tintingfirms
  • Car wrecking yards

Although we cannot assist with an unsecure business loan for these industries, we may be able to assist with 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