The criteria for eligibility for an unsecured business loan in Gold Coast of between $5K and $100K are pretty minimal.
Looking for more funding? Check out the guidelines for eligibility for our $100K to $500K business loans.
All you need to get started is your contact details (the name of your company, your name, email and telephone) as well as the amount you want to borrow, and your monthly revenue.
During the process and before settlement we’ll need confirmation of who you are, but not to get started:
Once we’ve started, for loans of more than $150,000 you will also require fundamental financial statements:
Let’s get started now.
Gold Coast unsecured loans provides the range of $5,000 to $100,000, with terms ranging from 3 and 24 months, cash flow friendly repayments which can be made daily or weekly.
The application to this Small Business Loan in under 10 minutes online or by phone. You will receive an instant response and have the funds in your account in 24 hours. Traditional company loans reference an annual interest rate plus other fees and charges. We offer a company loan is a pre-paid loan therefore you’ll be aware of the total amount payable including the interest, fees and charges. Then, it is broken down into weekly or daily repayment figure.
The Small Business Loan can be used to fulfill almost every company reason, such as the management of cash flow, business remodeling, marketing, to purchase inventory or new equipment, to fund general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger loan size to support business growth opportunities. Loans are between $100,000 and $500,000 with a term fixed for up to 36 months. Repayments are weekly or fortnightly depending on your cash flow.
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.
To be eligible for a loan that is this large the business needs to be operating for at least three 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, own a New Zealand business (with a valid NZBN/IRD) and be able to prove at least 12 months of trading.
A Larger Business Loan can be used for nearly any business need, including business renovations, to purchase new equipment or inventory or as general working capital, and much more. The loan is not available for personal use.
Asset security is necessary for accessing funds over $150,000. This can be done by way of charge against assets, and could be registered with the PPSR or the registration of a caveat.
A director’s or personal ensure is a commitment 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 accountable if the business borrower is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It lists security interests that are registered in respect of personal property (including objects or assets). The PPSR allows prioritisation over property that is personal to be assigned depending on the date that a security interest that is registered.
An affidavit is an official document that is filed to offer the legal claim to a property.
If you’re seeking an enterprise loan that is greater than $250,000 we can offer an initial pre-approval to make the process. We may 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 an initial assessment that includes you answering some financial health checks. This is in no way an offer, nor is it a guarantee of financing. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you receive could be on different terms.
You can apply for a business loan if you:
The process for applying is fast and simple. Complete the online form within a couple minutes, and a dedicated business expert in lending will call you to assist you.
For a loan of up to $100,000, you’ll need ID details (valid Driver’s License), an active NZBN/IRD, and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K to $250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K to $500K: Application details including credit consent, 12 months of bank records, IRD statement, last 2 years finalised financial statements, and interim financials for the current financial year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K to $100K) we usually provide an answer within an hour if you apply at quality company time and you allow us to use the advanced bank verification system to instantly verify your bank details online. If you opt to send us copies of your bank statements we can provide a decision in as little as the span of one company day.
If you are applying for a Larger Business Loan ($100K and up) we could be likely to provide the conditional pre-approval within about six hours. After you’ve signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval. However, this can be quicker based on the circumstances of each application. Certain offers have been approved in the space of 24 hours.
The quickest method would be to ensure you apply during standard business hours, and allow us to use our modern bank verification to confirm your bank details online. If you opt to send us copies of your bank accounts, it takes a bit longer.
For the Small Business Loan ($5K or more) we usually provide an answer within an hour – provided you apply during standard business time and allow us to utilise the advanced bank verification system link to instantly verify your bank details online. If you opt to upload copies of your bank statement, we’ll offer a decision in just one business day.
For Larger Business Loans ($100K up to $500,000) we may be likely to provide you with conditional pre-approval within about six 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 on the circumstances of each application. Some offers have been approved in the space of 24 hours.
The most effective method can be ensure you apply during standard business hours. Also, allow us to use the advance bank verification to instantly verify your bank account information online. If you opt to send us the copies of bank statement, it may take a bit longer.
We offer loan amounts between $5,000 to $500,000. If you apply for a certain amount, we take into consideration a range of aspects in order to assess what is the well-being that is your business and the amount of the repayments your company will be able to support. The total amount of the loan will be determined by the particular circumstances that are unique to your company.
When you submit an application for a particular amount, we take into consideration a variety of factors to assess the health of the company and the amount of payments your business can support. The total amount of the loan will be determined by the particular circumstances for your business.
If you decide to request one of our company financing, we will assess the risk assessment of your company and offer you with a customised proposal that includes the amount of the loan, the duration and the interest rates. The business loan is a loan that is priced upfront which means you be aware of the total amount payable including any costs, fees, or interest rates.
Interest rates for company loans rates differ based on various variables like the amount to be borrowed, what business assets the money will be used for as well as the field the business is operating in, how long the business has been in operation and whether the company has sufficient cash flow to pay for the loan, and general health and creditworthiness of the business.
There are no hidden fees with our company loans. You’ll know precisely how much it is that you be required to pay and when, right from the first day. There’s no compounding interest and no extra fees (as as long as you pay your payments in time).
We don’t charge an Application Fee. You can apply for a loan with no upfront cost or any obligation to sign up.
The Origination Fee is the cost associated with establishing and managing 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.
You can choose to repay the entire amount of the loan at any point in time.
If you choose to do this please speak to our friendly business lending professionals. The professionals will offer you with details for repayment as well as an early payout amount. It will be calculated using the total of the principal remaining and the accrued interest up to the date of early payout plus 1.5 percent of the principal remaining and any fees that remain unpaid.
To make sure you do not miss payment dates and to align with your cash flow cycle we offer repayments either weekly or daily. They will be automatically deducted from your designated business account.
Security of your data, and being clear about how we collect, use, exchange and safeguard your data, is vital and is an essential part of our relationship you.
Yes. We utilise industry-recognised encryption standards to protect your sensitive, personal and financial data and our funders are ISO 27001 qualified for our commitment to protecting the security of customers and security. We employ a highly sophisticated bank verification system that allows you to immediately confirm your bank account information online, allowing us to offer a fast response.
Asset-based borrowing is when the company owner utilises the assets they have to make the loan. The asset may be a personal asset like the family home or a business asset such as a truck as well as a piece of machine.
The vast majority of lenders, including the major banks, prefer to secure loans against assets. If you are having difficulty paying back the loan, your asset may be transferred to the lender. In essence, it’s the process of securing new financing taking advantage of the value of what you already own.
For loans up to $150K 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 stipulated in your loan contract document), asset security will never be required. For loans that exceed $150K, generally, there is an individual guarantee and security that is in the form a charge over assets.
