Unsecured Business Loans Woody Point QLD

Today, You'll Be Getting Ready For Success WithThe Help Of a Woody Point Business Loan

Unsecured Business Loans Woody Point

A Woody Point unsecured business loan is quick and easy to get. Request a quick approval and use the money to grow your business.

  • Are additional funds able to help your business in working capital, or to take advantage of the opportunity for growth?
  • How do you finance your company needs?

What you can expect:

  • It’s easy to apply and receive approval and cash as quickly as tomorrow
  • No reayments are permitted in the initial four weeks
  • Borrow from $5k to $500K
  • Terms ranging from 3 to 36 month
  • Competitive interest prices
  • Minimal docs required

The eligibility requirements for an unsecured business loan for a business loan Woody Point are fairly minimal.

Call Now 1300 931 836
I can now make the coffee I serve my clients using the best equipment.
Cafe Owner
Business loan interest rates and repayment terms as well as flexible repayment options to fit you business needs.
Business Lending Options
Business loans, in particular an unsecured unsecured business loan or line of credit to business funding require have no tense procedure. Business finance in the form of small business loans at a fixed interest rate cost, and with a repayment term which is compatible with your company financial needs.
Business Lenders for Business Goals
I'm able to get my tax back on track.
Small Business Owner
A simple loan application process with a generous loan limit, with minimal requirements for credit, and there is no requirement to provide a business plan. You no longer need to use your personal credit card or business credit card to finance your company.
Unsecured Loans Made Simple
I'm now able to finance the remodel of our brand fresh Woody Point resturant without having to borrow cash from other resturants.
Woody Point Resturant Owner
I'm now able employ an experienced marketer to help me boost my business to the next step.
Growing Woody Point Business
I can now take a holiday knowing my Woody Point company will run well.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

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

Receive approval and cash within 1 to 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Woody Point companies of all types, whether small, medium or solopreneurs to access funding fast so they can use the loan to expand and develop.

  • It begins with an easy online application or phone call
  • Flexible repayment terms to suit your company
  • Quick funding in a day or two days
  • We want for you as well as your company to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • A minimum of six 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)
  • Passport or Driver’s Licence for proof of identity
  • Have a New Zealand bank as your primary account for trading
  • Bank statements from the past six months

Looking for more funding? Review the eligibility requirements for our $100K-$500K company credit.

Here's How Other People Have Benefited

Examples of Business Loans

The busy Christmas season was fast approaching, a clothes store required additional working capital to purchase more stock and take advantage of discounts offered by suppliers. They borrowed $20K over 12 months without 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 restaurant and needed funding to fit out. The bank they approached wasn't interested in helping. Their typical monthly earnings was $50K and they were able borrow $66K over the course of 24 months. Turnaround was only 8 hours.
Restaurant Owner
A plumber who has been in business for 3 years, with monthly sales of $80K was looking for additional funding. They borrowed $153K over a 36 month term. All that was needed to be provided was 12 month bank statements as well as confirmation of the loan's status with IRD. The process was completed within one day, and the plumber was able to access their working capital available in their account in a matter of hours.
Plumber
After purchasing a pizza place and 2 liquor stores 6-12 months earlier the new owners were seeking additional cash. The combined revenue was over $500K per month . The owners were able to borrow $300K. This was then split as $100K for each store using a mix of 24 and 36 month terms. No security over the owners homes was required.
Owner of a Pizza Store & 2 Liquor Stores
The owner of a tiny grocery store doing $70K a month borrowed $76K over a 24-month period, with no payments for the first four weeks. The loan required 12 months of bank statements. The turn around time was 6 hours from the moment you applied to receiving the funds.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Woody Point Business Loan Eligibility Criteria

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

  • 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 Licence for identification
  • Use a New Zealand bank as your principal account for trading
  • Bank statements for the last six months
  • Certain financial statements, such as Profit & Loss as well as Aged Accounts Payable and Receivable

Are you looking for a lower amount of capital? Take a look at the conditions for eligibility for our $5K-$100K Woody Point unsecured business loans.

Business Lending for a Cash Injection

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

A Woody Point unsecured loan is ideal for nearly every business purpose. Call us now.

  • Renovate or expand the commercial space
  • Grow the team during busy periods
  • Grow stock levels to keep up with demand
  • Create a new site or enhance your marketing
  • Invest in the latest equipment, tools or technological advancements
  • Buy extra stock to meet the seasonal demand
  • Manage cash flow fluctuations
  • Plus lots more …

Are you looking to start 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 to start is your contact details (company name, your name, email address and telephone) as well as the amount you’d like to borrow, and your monthly revenue.

Through the process and before settlement we will need confirmation of your identity, but not for starting:

  • Information on Idenfication (valid Driver’s Licence)
  • Business details including trading time as well as ownership information and the NZBN (New Zealand Business Number)

Once we’ve started in the process, for loans greater than $150,000 you’ll need 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 additional working capital to purchase more stock and take advantage of discounts from suppliers. They secured $20K over the course of 12 months with no security of assets required. They received the funds within 24 hours.
Clothing Store
A gym that was in operation for more than 3 years wanted to grow and was in need of additional equipment. With monthly revenue of $37K they borrowed$72K over a 24 month period. There was no security requirement and the loan was compelted in only 24 hours.
Gym
The owner of a restaurant wanted to open a second location and required funds to fit out. The bank was not willing to help. The average monthly income for them was $50K. They were able to get a loan of $66K over the course of 24 months. The turnaround time was 8 hours.
Restaurant Owner
A business coach wanted to invest in an well-being and beauty company. With just a little more than $12K in monthly revenue the company borrowed $24K over 24 months. The loan was based on twelve months worth of statement and was completed in just 8 hours.
Business Coach
After purchasing a pizza place and 2 liquor stores six to to 12 months ago, the new owners needed additional cash. The overall revenue was $500K per month and they could have borrowed $300K. The loan was split into $100K for each store using two different 24 and 36 months. No security over the owners homes was required.
Owner of a Pizza Store & 2 Liquor Stores

Unsecured Business Loan Woody Point QLD 4019

The lending landscape has changed

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

Woody Point SME’s are now capable of accessing finance through alternative lenders who service Woody Point who are focused on enabling business growth or smoothing problems with cash flow. The past was when individual credit providers (drawing equity from the house loan or credit cards and personal loans as well as the overdraft) were the only alternative funding solutions within Woody Point that were available.

There is now not a requirement of having to rely on real estate to secure business credit. With an unsecured loan, business funding is made simple. Instead of a term loan through the bank, business finance for an SME with interest rates and loan terms that aid with cash flow is around as business credit options.

 

 

High level summary

Separate personal and business debt

There are numerous benefits in separating personal from company debt.

  • Your home or other investment properties, aren’t held for access to funds
  • The business will be in stronger position to create its own credit history
  • It is much more seamless at tax time
  • Businesses can easily assess, monitor and plan based on the ability to clearly determine their cash flow position

Limit your exposure, and make tax times more simple, apply for an unsecured busines loan, apply today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your individual and company assets apart can be that your home isn’t necessarily tied up to access the funds. In the case of a business loan within Woody Point up to $100K asset security won’t be required as long as the borrower is able to meet the loan requirements.

Credit history

Companies are in a advantageous long-term situation if they can show good credit and debt serviceability.

Tax

A separation between personal and company finances makes it much more seamless with regards to tax time, particularly when determining the tax-deductible amount. The IRD has set out the guidelines for the documentation required to claim deductions on a company’s tax return. This is an area the IRD have specifically advised on.

Cash flow

A well-organised cash flow management system is vital to the long-term viability for any company. Through keeping your personal finances and company finance separate, companies can easily view their cash flow, plan and monitor it based on the ability to effectively determine their cash flow status.

I can now make beverages for customers with the best equipment.
Cafe Owner
I'm now able to go on an extended vacation knowing that it is safe knowing that Woody Point company will run effortlessly.
Local Business Owner
Business loans, in particular one that is an unsecured business loan or line of credit to business funding need never be an stressful procedure. Business finance is in the form of small business loans at a fixed interest rates and repayment time that will suit your company cash flow.
Business Lenders for Business Goals
I can get my tax back in order.
Small Business Owner
I can now hire an experienced marketer to help me increase the success of my business to the next step of business growth.
Growing Business
A simple loan application process with a large limit on borrowing, no credit criteria and no requirement to provide a business plan. Don't use your personal credit card and business credit cards in order to fund your business.
Unsecured Loans Made Simple
Business business loans, interest rates and repayment conditions, and flexible repayment options to fit your business requirements.
Business Lending Options
I am now able to fund the renovation of our new Woody Point resturant without having draw cash from other ones.
Woody Point Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Woody Point Small Business Loans

Let me know how you can avail the Woody Point Small Business Loans

Woody Point unsecured loans offers the range of $5,000 to $100,000. Terms range from 3 and 24 months and cash flow friendly repayments that are either per day or weekly.

What makes the Unsecured Loan different from an traditional business loan?

You can apply to get the Small Business Loan in under 10 minutes online or by phone. You will receive a same day response and the money could be available in just 24 hours. Traditional business loans are based on an annual interest rate along with other charges and fees. Our company loan is a pre-paid loan and you’ll be aware in advance of the amount you will have to pay, including any fees, charges or charges. Then, it is broken down into either a daily or weekly installment amount.

What can the Small Business Loan be used for?

A Small Business Loan can be used for almost any company use, including cash flow management, business improvements, advertising for purchasing inventory or new equipment, for general working capital, and much more. The loan is not available to fund personal expenses.

About Larger Woody Point Business Loans

What is the Larger Woody Point Business Loan?

The Larger Business Loan is a larger amount of loan to help business growth opportunities. The loan ranges from $100,000 to $500,000 over a fixed term that can last up to 36 months. Repayments are weekly or fortnightly depending on you cashflow.

How is the Origination Fee determined?

A Larger Business Loan has an Origination Fee that is calculated at 2.5 percentage of the loan amount.

Am I eligible for the Larger Business Loan?

To qualify for a loan of this size the business needs to have been in operation for at least 3 years, and have an annual income of $700,000. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.

What can I use the funding for?

A Larger Business Loan can be used for nearly any company purpose including company improvements, purchasing equipment or inventory as well as for general working capital, and much more. The loan is not available for personal purposes.

Is the Larger Business Loan a secured loan?

Asset security is needed for accessing funds over $150,000. It’s by way of charge against assets, and could include the registration of this with the PPSR or the registration of a caveat.

A personal or director’s guarantee is a promise to pay back a loan that is generally in nature rather than stating the security of a specific asset. The person signing the ensure is personally responsible if the business borrower is unable to pay back the debt.

The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It reflects security interests registered in respect of personal property (including the assets or goods). The PPSR allows priority over personal property to be granted according to the date the registration of a security interest.

A caveat is a legal form of document to offer an official notice of a claim to property.

What exactly is a preapproval without Credit Check?

If you’re requesting the Larger Business Loan that is greater than $250,000 we may be able to provide an initial pre-approval in order to simplify the process. It is possible to apply for this without a credit check and within 6 hours of your initial application. The pre-approval is based upon a preliminary assessment which includes you answering a few financial health checks. This is not an offer or guarantee of funds. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer that you may receive may have different terms.

Application process

Do I have the right to receive funds?

You may be eligible for a business loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are over the age of 18 and own a New Zealand business (with a valid NZBN/IRD)
  • must show at least six months’ worth of transactions (for for the unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K up to $500K)

How do I apply?

The application process is quick and easy. Complete the online form in just a few minutes, and a dedicated business loan specialist will call you to guide you through the process.

For a loan of up to $100,000 you’ll need proof of identity (valid Driver’s License) and a valid NZBN/IRD and at least 6 months of bank statements.

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

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

What speed will I be able to get an answer?

For an unsecured loan ($5K up to $100,000) we usually provide an answer within one hour if you submit your request during quality business times and allow us to use the advanced bank verification system link to immediately verify your bank account information online. If you decide to send us copies of your bank statements , we’ll be able to offer an answer within just the span of one business day.

If you are applying for a Larger Business Loan ($100K to $500K) we may be likely to offer you with pre-approval conditional to your application within about six hours. Once you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, it could be faster based upon the circumstances for each application. Some transactions have received approval in just 24 hours.

The quickest way to apply is to ensure you apply during normal company hours, and allow us to use our advance bank verification to verify your bank account information online. If you choose to upload the copies of bank statements , it takes a bit longer.

How quickly will I receive the money?

For the Small Business Loan ($5K to $100K) we typically provide an answer in just one hour if you submit your request at standard business times and permit us to use the advanced bank verification system link to immediately verify your bank account information online. If you want to send us copies of your bank statement, we’ll offer the decision in as little as 1 business day.

For Larger Business Loans ($100K and up) we may be in a position to offer you with a conditional pre-approval in about 6 hours. After you’ve signed the pre-approval document, you will require to wait around 2-3 days for final approval, however this could be shorter based upon the circumstances for each application. Some deals have been approved in less than 24 hours.

The most effective method for you to apply is ensure you apply during standard business hours and allow us to use our advanced bank verification system link to verify your bank account information online. If you decide to upload documents from your account statements, it will take a little 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 consider a variety of aspects to determine the well-being that is your business as well as the amount of repayments your company will be able to support. The total amount of the loan will be determined by the specifics for your business.

When you make an application for a specific amount we consider a variety of elements to assess your well-being of the company as well as the amount of repayments that your business can afford. The total amount of your loan will be determined by the specific circumstances the business.

Fees & repayments

How much do you charge for a company loan?

When you request our business loan, we will assess the risk assessment of your business and provide you with a tailored proposal that includes loan amount, term and the interest rates. It is a business loan is an upfront cost loan therefore you will be aware in advance of the total amount payable including any costs, fees, or interest rates.

What is the basis for the rate I pay?

Business loan interest rates depend on a variety of variables like the amount to be borrowed, what company assets the funds will be used for, the industry the business operates in, how long the business has been in operation for, whether the business has sufficient cash flow to fund the loan, and overall well-being or creditworthiness of the company.

What are the charges?

There aren’t any hidden charges for our business loans, and you’ll know exactly how much it is that you need to pay and at what time, from the very first day. There’s no compounding interest and the loan comes with no additional fees (as as you make your payments in time).

We don’t charge an Application Fee. You are able to apply for a loan with without any upfront costs 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. The Origination Fee for us is 2.5% of the amount of loan.

Can I pay out the loan earlier?

You may choose to pay back the entire amount of the loan early at any time.

If you do decide to take this route, please call our helpful company credit professionals. The experts will offer you with details on repayment and an early payout figure. This is calculated as the total of the principal amount remaining and accrued interest to the date of early payout, plus 1.5% of the principal amount remaining and any fees that remain unpaid.

How do you make repayments work?

In order to help you avoid missing payment dates and to align your cash flow schedule, we offer repayments that are either weekly or daily. They will be automatically deducted from your designated company account.

Security & privacy

Will my information be secure?

The security of your personal information, as well as being clear about how we collect information, use it, and exchange it, as well as safeguard your data, is crucial and a vital part of our relationship with you.

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

Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our dedication to security for our customers and security. We make use of an advanced banking verification system to immediately verify your bank account details online, allowing us to offer quick responses.

About business loans

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

The term "asset-based" refers to borrowing where an company owner borrows from an asset that they own to get the loan. The asset could be an asset belonging to the personal, like the family home, or it could be a company asset such as a truck or piece of equipment.

The vast majority of the lenders including the banks with the biggest size, prefer to secure loans against assets. If you’re having trouble paying back the loan, the asset might be taken over by the lender. In essence, it is a way of securing additional financing making use of the value of what you already have.

Should I require security to get a business loan?

For loans of up to $150,000, no asset security is required prior to the loan’s access however, we do need a personal guarantee. If you adhere to the terms of your loan (as stipulated in the loan contract) the security of assets is not required. For loans that exceed $150,000, typically, you will need an individual guarantee and security is provided in the form of an asset charge.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses & auction websites
  • Debt collection firms & debt purchasers
  • Direct marketers including direct-mail, mail order, fundraising, telemarketing etc.
  • Financial institutions and lenders
  • {Firearm businesses
  • Foreign currency exchange services
  • Customs clearing houses & freight forwarding
  • Gambling related industries
  • Non-profit organisationsincluding charities, churches etc
  • Panel beaters & smash repairers
  • Pawn shops & pawnbrokers
  • Property developers
  • Investment business, shares or stockbrokers
  • Tattoo studios
  • Ride-sharing & taxi services
  • Ticket resellers or entertainment sales
  • Towing services
  • Used automotive companies
  • Automotive glass tintingcompanies
  • Car dismantlers

Although we can’t help with an unsecured business loan in the above industries, we might be able to assist by providing secured business loan.

Brisbane Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

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1300 931 836