The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K is fairly low.
Looking for more funding? Check out the eligibility requirements for our $100K to $500K company loans.
All that is needed to start is your contact information (the name of your company, your name, email address or phone number) along with the amount you’d like to borrow, and your monthly revenue.
Through the process and before settlement we’ll require confirmation of who you are, but not before we can begin:
Once we’ve started with loans greater than $150,000 you’ll need the following financial statements:
Let’s get started.
Brisbane unsecured loans provides the range of $5,000 to $100,000 with terms between 3 and 24 month and cash flow friendly repayments that are either daily or weekly.
Apply to the Small Business Loan in under 10 minutes online or over the phone. You’ll get a same day response and funds may be available in just 24 hours. Traditional business loans refer to an interest rate per annum plus other fees and charges. We offer a business loan is a pre-paid loan so you will know in advance the total amount due, which includes any interest, fees or charges. This is then broken down into either a daily or weekly repayment figure.
It is a Small Business Loan can be used to fulfill almost any company use, including cash flow management, company improvements, advertising for purchasing inventory or new equipment, as general working capital and so much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. Loans range from $100,000 to $500,000 with a fixed-term for up to 36 months. The repayments are made weekly or fortnightly depending on your cash flow.
The Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the amount of the loan.
In order to be eligible for a loan of this size, your company needs to be in operation for at least 3 years and generate an annual revenue of $700,000. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand business (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.
A Business Loan of a larger size can be used for nearly all company use, including company improvements, purchasing new equipment or inventory, as general working capital and much more. The loan is not available to fund personal expenses.
Asset security is required to access funding over $150,000. This can be done by taking a charge on assets, and could be registered through the PPSR or registering as a caveat.
A director’s or personal ensure is a guarantee to repay credit that is general in nature, rather than specifying the security of a specific asset. The person who is signing the guarantee is personally liable in the event that the company lender is not able to re-pay 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 granted to individuals who own personal property (including objects or assets). The PPSR gives prioritisation over property that is personal to be assigned according to the date a security interest that is registered.
A caveat is a legal document that is filed to provide an official notice of a claim on a property.
When you’re applying for a Larger Business Loan of more than $250,000, we may offer a preliminary pre-approval to help ease the process. It is possible to get this done without credit checks and within six hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering some financial health checks. It’s neither an offer nor a guarantee of finance. The approval of a conditional loan is subject to an extensive credit evaluation and any offer you might receive could have different conditions.
You can apply for a company loan if you;
The process for applying is fast and easy. Complete the online form within a few minutes and a dedicated company lending specialist will call you to help you.
For a loan of up to $100,000, you’ll require the right identification documents (valid Driver’s License), a valid NZBN/IRD as well as at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K to $250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K-$500K: Details for application including credit consent, 12 months of bank statements, IRD statement as well as the two most recent years’ financial statements, and interim current financial year financials including Aged Payables, Aged Receivables reports.
For an unsecured loan ($5K and up) we usually offer an answer within one hour if you submit your request at quality business hours and you allow us to use the advanced bank verification system link to instantly verify your bank’s information online. If you choose to upload copies of your bank statements we can offer an answer within just 1 business day.
For the Larger Business Loan ($100K up to $500,000) we may be able to offer you with a conditional pre-approval in around six hours. Once you have signed the pre-approval document, you will require to wait between 2 and 3 days for the final approval. However, it could be faster based on the specifics of each application. Some offers have been approved in less than 24 hours.
The most effective method for you to apply is make sure you apply during standard company hours and let us use the advance bank verification link to instantly check your bank’s information online. If you decide to upload duplicates of your banking accounts, it takes a bit longer.
For the Small Business Loan ($5K to $100K) we typically provide an answer within an hour – provided you submit your request within standard business time and permit us to use the bank verification system link to instantly verify your bank information online. If you decide to upload copies of your banking statement, we’ll offer a decision in just one business day.
For the Larger Business Loans ($100K or more) we may be able to provide you with a conditional pre-approval within about 6 hours. After you’ve signed the pre-approval form, it will take around 2-3 days for final approval. However, it could be faster based upon the circumstances for each application. Certain offers have been approved within just 24 hours.
The fastest way for you to apply is ensure you apply during normal business hours. You can also permit us to use the advanced bank verification system to instantly check your bank’s information online. If you opt to send us documents from your account accounts, it may take a bit longer.
We offer loans that range from $5,000 and $500,000. When you make an application for a particular amount, we take into consideration a range of elements that determine how much we can lend you well-being of your business and the extent of the repayments your business is able to afford. The total amount of your loan will depend on the specific circumstances that are unique to your business.
When you submit an application for a certain amount, we look at a range of elements to determine the well-being that is your company and the level of payments your business is able to afford. The total amount of your loan will be contingent on the particulars for your business.
If you decide to make an application for one of our business loans, we’ll assess the risk profile of your business and provide you with a tailored offer, including the amount of loan, the term and interest rates. It is a company loan is a loan that is priced upfront which means you know in advance the total amount payable including any interest rates, fees or charges.
The interest rates on business loans rates differ based on various factors like the amount of money of money borrowed, the company assets the money will be used for, the industry the company is operating in, how long the business has been operating, whether the company has sufficient cash flow to support the loan, and overall well-being or creditworthiness of the business.
There aren’t any hidden costs with our company loans, and you’ll know precisely what you’ll be required to pay, and when, right from the day you sign up. There’s no compounding interest and no additional fees (as as you make your payments punctually).
We don’t charge an application fee. You can get a cash loan with no cost upfront or the obligation to take action.
The Origination Fee covers the costs associated with setting up and managing the loan. You are only charged this fee if you choose to proceed with the loan. Our Origination Fee is 2.5% of the amount of the loan.
You can decide to repay the entire amount of the advance loan at any time.
If you decide to take this route, please call our helpful company lending professionals. We will offer you with details for repayment along with an early payout estimate. It will be calculated using the sum of the principal remaining and the accrued interest up to the time of early payment plus 1.5% of the principal remaining and any outstanding fees.
In order to help you avoid missing payment dates and to align with your cash flow routine, we provide repayments either daily or weekly. These are automatically deducted from your designated business account.
Protecting your information, and being upfront about the ways we gather data, process, exchange and protect your information, is crucial and is an essential aspect of our relationship with you.
Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our commitment to the security of our clients as well as their privacy. We make use of an advanced bank verification system that allows you to immediately verify your bank account details online. This allows us to offer quick responses.
Asset-based borrowing occurs when a business owner uses an asset that they own to obtain the funds for a loan. The asset can be an asset belonging to the personal, like the family home or it could be a business asset like a truck or piece of equipment.
The vast majority of lending institutions, even the banks with the biggest size, prefer to secure loans against assets. If you are having difficulty paying back the loan then the asset could be taken over by the lender. In essence, it is the process of securing new financing making use of the value of what you already own.
Up to $150K in loans the requirement for asset security is not required before you can access the money however, we do require an individual guarantee. As long as you follow the loan terms (as detailed in your loan contract document) Asset security is not required. If you take out loans in excess of $150K generally there is an individual ensure and security is provided in the form of an asset charge.
