Unsecured Business Loans Woodridge QLD

If You Do This Today, You'll Have Everything You Need to Be Successful By Obtaining a Woodridge Business Loan

Unsecured Business Loans Woodridge

A Woodridge unsecured business loan is easy and quick to apply for. Get a quick apporval and start using the funds for your company.

  • Would extra funds help your business with working capital or to take advantage of a growth opportunity?
  • What is the financing strategy you are using to fund your business needs?

What to expect:

  • Simple process to apply and be approved for the funds will be around as early as tomorrow
  • Optionally no reayments in the initial four weeks
  • Borrow from $5k to $500K
  • Terms ranging from 3 to 36 months
  • Competitive rates of interest prices
  • Minimal documentation required

The eligibility requirements for an unsecured business loan in Woodridge are fairly minimal.

Call Now 1300 931 836
I am now able to make beverages for clients using the very best equipment.
Cafe Owner
Business loans with interest rates and repayment terms, as well as flexible repayment options to meet the requirements of your company needs.
Business Lending Options
Business loans, particularly one that is an unsecured business loan or line of credit for business financing need to not become a stressfull process. Business finance in the form in the form of small business loans that have an interest rate and repayment time which is compatible with the needs of your company liquidity.
Business Lenders for Business Goals
I'm able to get my tax back on time.
Small Business Owner
A straightforward loan application process with a large loan limit, with minimal requirements for credit, and no need to provide a business plan. Stop using your personal credit card and business credit cards as a way to fund your company.
Unsecured Loans Made Simple
I can now fund the remodel of our brand new Woodridge resturant without having to take cash from other restaurants.
Woodridge Resturant Owner
I'm now able to hire an specialist marketer to take my business to the next stage.
Growing Woodridge Business
I'm now able take vacation knowing that I am confident that my Woodridge business will run smoothly.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for an business financing within Woodridge with us is easy and takes just a few minutes, no lengthy forms or lines.

Get approved and receive your money within 1 to 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We want to assist Woodridge companies of all sorts small, medium even solopreneurs to access money quickly, so that they can use the loan to grow and build.

  • It all starts with a simple online application or phone call
  • Flexible repayment terms to suit your business
  • Fast cash in just a day or two days
  • We want both you and your business to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

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

Are you looking for additional funding? Check out the guidelines for eligibility for our $100K-$500K company financing.

Here's How Others Have Benefited

Examples of Business Loans

The busy Christmas season was approaching, a clothing store needed additional working capital to purchase more inventory and benefit from discounts offered by suppliers. They borrowed $20K over 12 months without security of assets required. They received the money in just 24 hours.
Clothing Store
A restaurant owner was wanting to open a second restaurant and needed funding to installation. The bank was not interested in helping. Their typical monthly earnings was $50K, and they were able to get a loan of $66K in 24 months. Turnaround was only 8 hours.
Restaurant Owner
A plumber who has had business for 3 years, with 80K in monthly sales was looking for additional funding. They took out $153K on a 36 month term. All that was required was 12 months of bank statements and confirmation from the IRD. The process was complete within just a few hours and the plumber had their extra working capital in their account within a short time.
Plumber
When they purchased a pizza restaurant and two liquor stores six to 12 months prior, the new owners were looking for additional funds. The overall revenue was $500K per month and they were able to obtain $300K, split out as $100K per store on an option of both 24 and 36 months. No security over the owner's 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 term with no repayments during the initial 4 weeks. This had a requirement of 12 months' bank statements. The turnaround time was only 6 hours from submitting the application to receiving the money.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Woodridge Business Loan Eligibility Criteria

The criteria to be eligible to be eligible for larger Woodridge business loans of between $100K to $500K comprise:

  • Minimum of 3 years trading in business
  • At least $700K of annual revenue
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for identification
  • Use an account with a New Zealand bank as your primary account for trading
  • Bank statements from the past six months
  • Certain financial statements, such as Profit & Loss and the Aged Accounts Payable and Receivable

Looking for a smaller amount of funds? Take a look at the eligibility requirements for our $5K-$100K Woodridge unsecured business loans.

Business Lending for a Cash Injection

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

A Woodridge unsecured loan is perfect to use for any company reason. Call us now.

  • Add or remodel commercial spaces
  • Staff expansion for busy times
  • Increase stock levels to keep up with demand
  • Create a new site or improve your marketing
  • Make sure you invest in new equipment, tools or technology
  • Purchase additional stock to meet seasonal demand
  • Manage cash flow fluctuations
  • And many more …

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

Quick application checklist

What do you need to apply

All that is needed to start is your contact details (company name and your name, as well as email and phone), how much you’d like to borrow and your monthly income.

Through the process and before settlement we will need confirmation of your identity however, not in order to begin:

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

Additionally after we get started in the process, for loans over $150,000 you’ll need basic financial statements.

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

The busy Christmas season was fast approaching, a clothes store required working capital in order to fund extra inventory and to take advantage of discounts from suppliers. They secured $20K over the course of 12 months with no asset security required and had the funds within 24 hours.
Clothing Store
A gym that had been going for nearly 3 years decided to increase its size and required additional equipment. With monthly revenue of $37K they borrowed $72K over a 24- month period. No security was needed for the loan and it was ready to go in the span of 24 hours.
Gym
A restaurant owner wanted to open another restaurant and needed money to fund the installation. Their bank was not interested in helping. The average monthly income for them was $50K. They were able borrow $66K over 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
A business coach was seeking to invest in the health as well as beauty business. With just over 12K in revenue per month the company was able to borrow $24K over 24 months. This required 12 months of bank statements and was completed in just 8 hours.
Business Coach
When they purchased a pizza restaurant as well as two liquor stores six to 12 months prior, the new owners were looking for more funds. The overall revenue was $500K per month and they could have borrowed $300K. This was then split as $100K per store with an option of both 24 and 36 months. No security over the owners houses was needed.
Owner of a Pizza Store & 2 Liquor Stores

Unsecured Business Loan Woodridge QLD 4114

The lending landscape has changed

With banks and traditional lenders tightening credit conditions The steady flow of alternative and non-bank loan providers entering the market provides an excellent source for you to tap into.

Woodridge SME’s are now being able to get finance from alternative lenders who service Woodridge who are focused on facilitating business growth or smoothing out the cash flow problems. In the past, individual credit providers (drawing equity from a house loan or credit cards and personal loans as well as credit cards) could be the best alternative funding services for Woodridge that were available.

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

 

 

High level summary

Separate personal and business debt

There are substantial benefits associated with the separation of personal and business debt.

  • Your home or other investments, aren’t tethered for access to funds
  • This company stands in much better position to establish its own, solid credit history
  • It is substantially more seamless during tax time
  • Businesses are able to easily review the situation, track and plan based on the ability to clearly examine their cash flow status

Lower your risks, make your tax time easier, get started with an unsecure busines loan, apply today.

For those who like the detail

Separate personal and business debt

Risk

One major benefit of keeping your individual and company assets apart is that your home isn’t required to be tied to the funds. For a small business loan in Woodridge up to $100K an asset security agreement will not be required as long as the borrower meets their loan obligations.

Credit history

Businesses are in a more stable long-term position when they can demonstrate good credit/debt capability.

Tax

The separation of personal as well as business finances makes it significantly more straightforward with regards to 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 for claiming deductions on an organisation’s tax return. This is an area that the IRD has specifically advised on.

Cash flow

Effective cash flow management is vital to the longevity that of any business. Through maintaining personal as well as company finances separate, companies can easily view how they are performing, monitor and plan on the ability to clearly examine their cash flow.

I'm now able to prepare coffee for my clients with the very best equipment.
Cafe Owner
I can now take vacation knowing that it is safe knowing that Woodridge company will run without a hitch.
Local Business Owner
Business loans, particularly an unsecured business loan or line of credit for business funding require to not become a difficult procedure. Business finance can be in the form of small business loans with an interest rates and repayment period that is suitable for your business budget.
Business Lenders for Business Goals
I can get my tax back on time.
Small Business Owner
I'm now able employ an specialist marketer to increase the success of my company to the next step of business growth.
Growing Business
Simple loan application procedure that comes with a high amount of borrowing capacity, a low requirements for credit and there is no need 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
Business loans with interest rates and repayment conditions, and flexible repayment options to fit the needs of your company needs.
Business Lending Options
I'm now able fund the remodel of our brand new Woodridge resturant without having to pull cash from the other resturants.
Woodridge Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

More about the Woodridge Small Business Loans

Let me know how you are able to avail the Woodridge Small Business Loans

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

What is the Unsecured Loan different from a traditional company loan?

You can apply to this Small Business Loan in under 10 minutes on the phone. You’ll receive a same day response and the money could be on your account within 24 hours. Traditional company loans have an annual rate of interest along with other charges and fees. This company loan is an upfront priced loan therefore you’ll know in advance the total amount to be paid, including any fees, interest or charges. This is then divided into a daily or weekly payment amount.

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

The Small Business Loan can be used for nearly every company reason, such as managing cash flows, company renovations, marketing for purchasing inventory or new equipment, to fund general working capital and much more. The loan cannot be used for personal purposes.

About Larger Woodridge Business Loans

What is the Larger Woodridge Business Loan?

The Larger Business Loan is a larger amount of loan to help company expansion opportunities. Loans are between $100,000 and $500,000 for a fixed period of with a maximum of 36 months. Repayments are weekly or fortnightly to work with the flow of cash.

How’s the Origination Fee calculated?

The 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 qualify for a loan that is this large the company needs to be operating for at least three years with an annual turnover of at least $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.

How can the funds be utilised?

A larger business loan can be used for nearly every company purpose including company renovations, purchase of new equipment or inventory as well as for general working capital, and much more. The loan is not available to fund personal expenses.

Is the Larger Business Loan one that is secured?

Asset security is needed for accessing funds over $150,000. It’s in the form of a charge over assets, and may include the registration of this in the PPSR or registering as a caveat.

A personal or director’s ensure is a commitment to pay back a loan that is general in nature rather than stipulating security over a particular asset. The person who signs the guarantee is personally liable if the business the borrower fails to make the repayment.

The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It records security interests that have been registered in respect of personal property (including items or assets). The PPSR grants preference over private property granted according to the date a security interest that is registered.

A caveat is a legal document lodged to offer the public notice of a legal claim to a property.

What is a pre-approval that does not require Credit Check?

When you’re applying for larger business loans that exceeds $250K we can offer an initial pre-approval in order to smooth out 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 health checks. This is not an offer of credit or guarantee of financing. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you may receive may have different terms.

Application process

Do I have the right to receive funds?

You may apply for a business loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are over 18 years, have a New Zealand company (with a valid NZBN/IRD)
  • can demonstrate at least 6 months worth of trade (for a unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K to $500K)

How do I apply?

The application process is simple and simple. Just fill out the online application in few minutes and an experienced business lending specialist will contact you to assist you.

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

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

$100K to $250K: Application requirements, including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K to $500K: Information on the application including credit consent twelve months of bank statements, IRD statement Last 2 years’ finalised financial statements, plus interim current financial year financials including Aged Payables, Aged Receivables Summary.

How soon will I hear an answer?

For an unsecured loan ($5K or more) we can often offer an answer in just one hour if you submit your request during standard company hours and let us make use of the advanced bank verification system link to instantly verify your bank information online. If you decide to upload copies of your banking statements we can provide an answer in just an business day.

For the Larger Business Loan ($100K or more) we could be capable of offer you with conditional pre-approval in around six hours. Once you have signed the pre-approval document, you will require to wait about 2-3 days for final approval. However, this could be shorter based on the circumstances of each application. Certain offers have been approved in 24 hours.

The quickest method for you to apply is make sure you apply during normal business hours. You can also permit us to use the advance bank verification link to verify your bank account information online. If you decide to upload copies of your bank accounts, it can take a bit longer.

What is the time frame to receive the funds?

For the Small Business Loan ($5K to $100K) we can often provide an answer in just one hour if you make your application in normal business times and allow us to make use of the advanced bank verification system to instantly verify your bank information online. If you decide to send us copies of your bank statement, we’ll provide a decision within an business day.

If you are applying for Larger Business Loans ($100K to $500K) we might be in a position to provide you with a conditional pre-approval in about 6 hours. Once you’ve signed your pre-approval, turnaround times are approximately 2-3 days to receive final approval, however this may be quicker depending on the specifics of each application. Some agreements have been approved within less than 24 hours.

The quickest method can be make sure you apply during normal business hours and permit us to use the advance bank verification link to instantly confirm your bank details online. If you upload duplicates of your banking statements it will take a little longer.

How much can I borrow?

We provide loan amounts between $5,000 to $500,000. If you apply for a certain amount, we consider a variety of factors to determine your well-being of your company as well as the amount of the repayments your business will be able to support. The amount you receive from the loan will be determined by the specific circumstances of your business.

If you apply for a specific amount we consider a variety of factors to assess the well-being for your business as well as the amount of repayments that your company can afford. The amount you receive from your loan will be determined by the particular circumstances for your company.

Fees & repayments

What is the cost for the cost of a business loan?

When you request the business financing, we’ll assess the risk assessment the company and provide you with a customised offer including the amount of the loan, the duration and interest rates. This business loan is an upfront cost loan and you’ll know the exact amount to be paid, including any charges, interest rates or fees.

What is the basis for the rate I’m charged?

Interest rates for business loans rates vary due to factors like the amount of money of money borrowed, the business assets the funds will be used for in addition to the industry that the company operates in, the long the company is in operation for, what percentage of the business has sufficient cash flow to cover the loan, and also the general health or creditworthiness of the company.

What are the costs?

There aren’t any hidden charges for our company loans, and you’ll know precisely what it is that you need to pay, and when, right from day one. There’s not any compounding interest and there are no additional charges (as as long as you pay your payments on time).

We don’t charge an application fee. You can apply for a loan without any upfront costs or the obligation to take action.

The Origination Fee covers the costs associated with the setting up and management of the loan. This is only a fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of loan.

Can I repay the loan early?

You can decide to repay the entire amount of your loan in full at any time.

If you choose to pursue this option, please talk to one of our helpful company lending specialists. They’ll provide you with details on repayment and an early payment figure. It will be calculated using the sum of the principal amount remaining plus any accrued interest as of the date of early payout and 1.5% of the principal amount remaining and any fees that remain unpaid.

What are the repayment methods?

To make sure that you don’t miss repayments and to fit in your cash flow schedule, we provide repayments either weekly or daily. They are automatically deducted from your nominated business account.

Security & privacy

Will my data be secure?

The security of your personal information, as well as knowing how we collect the information we collect, use, share and protect your information, is of huge importance and is an essential element of our relationship with you.

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

Yes. We use industry recognised encryption techniques to protect your personal, sensitive and financial data and our funders are ISO 27001 qualified for our dedication to security for our clients and security. We make use of an advanced bank verification system to immediately verify the bank account details online to offer an immediate response.

About business loans

What is asset-based borrowing (a secured loan)?

Asset-based borrowing occurs when an company owner makes use of an asset they own to make a loan. The asset may be a personal asset like the family home or it could be a company asset such as a truck or piece or equipment.

The vast majority of lenders, even the largest banks, are inclined to secure loans against an asset. If you’re struggling to pay back the loan then the asset might be offered for sale by the lender. In essence it’s a way of securing new financing by making use of the value of what you already own.

Are I require security for an business loan?

For loans of up to $150,000, the requirement for asset security is not required upfront to access the money but we do need a personal guarantee. In the event that you fulfill the terms of your loan (as stated in your loan contract document) Asset security is not needed. For loans that exceed $150K, generally there is an individual 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 & debt collection agencies
  • Direct marketing such as fundraising, telemarketing, mail order, direct-mail etc.
  • Financial institutions & lenders
  • {Firearm related businesses
  • Foreign currency exchange services
  • Customs clearing houses & freight forwarding
  • Anything gambling related
  • Not-for-profit organisations such as charities, churches etc.
  • Smash repairers & panel beaters
  • Pawnbrokers and pawn shops
  • Property developers
  • Shares, stockbrokers & investment businesses
  • Tattoo studios
  • Taxi & ridesharing services
  • Entertainment sales and ticket resellers
  • Tow truck services
  • Used car dealers
  • Car glass tintingservices
  • Vehicle dismantlers

Although we can’t help with an unsecure business loan for 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