The eligibility requirements for an unsecured business loan in Gold Coast of between $5K and $100K are fairly minimal.
Looking for more funding? Find out the guidelines for eligibility for our $100K to $500K business financing.
All you need to start is your contact information (the name of your company, your name, email and telephone), how much you’d like to borrow, and your monthly earnings.
Through the process and before settlement we will require confirmation of who you are, but not for starting:
After we start in the process, for loans that exceed $150,000, you’ll also need fundamental financial statements:
Let’s get started.
Gold Coast unsecured loans offers amounts 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.
Apply to this Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an instant response and funds may be in your account within 24 hours. Traditional business loans are based on an annual rate of interest together with additional fees and charges. We offer a business loan is a pre-paid loan so you will know ahead of time the total amount payable including the interest, fees and charges. This is then broken down into either a daily or weekly payment amount.
The Small Business Loan can be used for almost any business reason, such as managing cash flows, company remodels and marketing for purchasing inventory or new equipment, to fund general working capital and so much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger loan size to support business expansion opportunities. The loan ranges from $100,000 to $500,000 over a fixed term up to 36 months. Repayments are either weekly or fortnightly depending on you cashflow.
It is crucial to note that the Larger Business Loan has an Origination Fee, which is determined at 2.5% of the amount of the loan.
In order to be eligible for a loan in this amount, your company needs to be operating for at least three years and have an annual turnover of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A large company loan can be used for nearly any company purpose including company remodeling, buying inventory or new equipment for general working capital, and much more. The loan is not available for personal reasons.
Asset security is needed to obtain funding above $150,000. It is usually by way of charge on assets, and may include the registration of this with the PPSR or the registration of a caveat.
A personal or director’s guarantee is a commitment to repay a loan which is generally in nature rather than specifying security over a particular asset. The person signing the guarantee is personally accountable if the company borrower is unable to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It reflects security interests that are registered for personal property (including goods or assets). The PPSR gives priority over personal property to be granted according to the date a security interest was registered.
An affidavit is an official form of document to offer the public notice of a legal claim on a property.
If you’re requesting larger company loans that exceeds $250K we can offer an initial pre-approval in order to ease the process. We might be able to get this done without a credit check, and within 6 hours of your initial application. The pre-approval process is based on a preliminary assessment which includes answering a couple of financial health checks. It is not an offer or guarantee of finance. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer you might receive could be on different conditions.
You may be eligible for an company loan if you:
The application process is fast and easy. Just fill out the online application within a few minutes and an experienced business lending specialist will be in touch to guide you through the process.
To apply for up $100,000 you’ll require ID details (valid Driver’s Licence) and a valid NZBN/IRD and at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K – $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 to $500K: Details of the application, including credit consent and 12 months of bank records, IRD statements as well as the two most recent years’ financial statements, as well as interim financial statements for the current year including Aged Payables, Aged Receivables summary.
For an unsecured loan ($5K to $100K) we can often offer a response in one hour if you make your application within quality business timings and let us make use of the advanced bank verification system link to instantly verify your bank’s information online. If you decide to submit copies of your bank statements we can offer the decision in as little as 1 business day.
For the Larger Business Loan ($100K to $500K) we could be capable of offer you with conditional pre-approval within about six hours. After you’ve signed your pre-approval document, you will need to wait about 2-3 days for final approval. However, this can be quicker based on the particular circumstances of each application. Some deals have been approved within just 24 hours.
The quickest way to apply can be make sure you apply during normal business hours. You can also allow us to use our modern bank verification link to instantly verify your bank information online. If you choose to upload duplicates of your banking statements , it can take a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often provide an answer in just one hour, provided you make your application at normal business timings and you allow us to use the advanced bank verification system link to instantly verify your bank details online. If you decide to upload copies of your banking statement, we’ll provide an answer in just 1 business day.
If you are applying for Larger Business Loans ($100K and up) we might be capable of offer the 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 this could be shorter based on the particular circumstances of each application. Some agreements have been approved within just 24 hours.
The fastest way can be make sure you apply during standard business hours, and allow us to use the advanced bank verification system to instantly check your bank’s information online. If you upload copies of your bank accounts, it takes a bit longer.
We provide the loan amount between $5,000 to $500,000. If you apply for a certain amount we will consider a number of aspects in order to assess your health of the company and the extent of repayments that your business can support. The amount you receive from the loan will be determined by the specifics the company.
When you apply for a certain amount, we will consider a number of aspects to assess your well-being that is your business and the level of the repayments your company can support. The total amount of the loan will be determined by the particulars the business.
When you request our business loans, we will assess the risk assessment that you have for your business and offer an individualised proposal that includes loan amount, term and the interest rates. This company loan is an upfront-priced loan therefore you will be aware of the total amount you will have to pay, including costs, fees, or interest rates.
Business loan interest rates vary due to factors including the amount of money borrowed, the company assets the funds are used to purchase and the sector the company is operating in, how long the company has been operating, how long the business has sufficient cash flow to pay for the loan, and also the overall well-being as well as creditworthiness business.
There are no hidden fees for our business loans. You’ll know exactly how much you’ll be required to pay and at what time, from the day you sign up. There’s no compounding interest and no additional fees (as long as you are able to make your payments in time).
We do not charge an application fee. You can apply for a loan with no upfront cost or the obligation to take action.
The Origination Fee is the cost associated in establishing and managing the loan. You are only charged this cost if you take out the loan. Our Origination Fee is 2.5% of the amount of loan.
You can repay the entire amount of your loan in full at any time.
If you are deciding to pursue this option, please contact our helpful business lending specialists. They will offer you with repayment details as well as an early payout amount. This will be calculated as the sum of the principal amount remaining and any accrued interest at the date of early payout and 1.5% of the principal amount remaining plus any outstanding fees.
To make sure that you don’t miss due dates and also to be in line with your cash flow cycle we provide payments that are either weekly or daily. These are automatically deducted from your business account.
Making sure that your information is secure, and knowing the ways we gather the information we collect, use, share and ensure the security of your information is of huge importance and a vital part of our relationship with you.
Yes. We employ industry-recognised encryption standards to secure your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to security for our clients and security. We utilise a sophisticated bank verification system link to immediately verify the bank account details online to offer a fast response.
Asset-based borrowing occurs when a business owner borrows from an asset that they own to make 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 property like a truck or other piece of machinery.
The vast majority of lending institutions, including the largest banks, are inclined to guarantee loans against assets. If you have trouble paying back the loan, then your assets could be taken over by the lender. In essence it’s a way of securing new funding using the value of what you already own.
For loans that exceed $150K, it is not necessary to secure assets before you are able to access the money but we do require a personal guarantee. In the event that you fulfill your loan commitments (as stipulated in your loan contract), asset security will never be needed. If you take out loans in excess of $150K generally, you can get a personal guarantee and security in the form the charge of assets.
