The eligibility requirements for an unsecured business loan in Gold Coast of between $5K and $100K is fairly low.
Looking for more funding? Take a look at the guidelines for eligibility for our $100K-$500K business financing.
All that’s needed to start is your contact information (company name, your name, email, phone), how much you’d like to lend, and your monthly income.
Through the process and before settlement we’ll require confirmation of your identity, however, not in order to begin:
In addition, once we have started, for loans over $150,000 you’ll 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 month and cash flow friendly repayments which can be made daily or weekly.
You can apply to get your Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an answer within the same day and the funds could be in your account within 24 hours. Traditional company loans have an annual interest rate along with other charges and fees. Our business loan is a cash-based loan therefore you’ll be aware of the total amount payable including any interest, fees or charges. Then, it is broken down into a daily or weekly amount to be paid back.
The Small Business Loan can be used to fulfill almost any company need, such as cash flow management, company remodels and marketing, to purchase inventory or new equipment, for general working capital and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size loan to aid in business expansion opportunities. Loans range from $100,000 to $500,000 for a fixed period of for up to 36 months. The repayments are made weekly or fortnightly, depending on your cash flow.
This Larger Business Loan has an Origination Fee that is determined at 2.5 percent of the amount of the loan.
To be eligible for a loan of this size the company needs to be trading for at least 3 years and have an annual turnover of $700K. It is necessary to 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 demonstrate at minimum 12 months of business.
A Business Loan of a larger size is a great option for almost all company use, including company renovations, purchase of new equipment or inventory, as general working capital and much more. The loan is not available for personal reasons.
Asset security is required to obtain funding above $150,000. It is usually as a result of an charge against assets and can include registration with the PPSR or registering a caveat.
A director’s or personal guarantee is a guarantee to repay credit that is general in nature, rather than defining security over an asset. The person who signs the ensure is personally liable if the business the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It contains security interests granted to individuals who own personal property (including goods or assets). The PPSR permits preference over private property granted depending on the date that a security interest that is registered.
The caveat can be described as a formal form of document to offer the legal claim against a property.
If you’re requesting an enterprise loan of more than $250K, we may offer an initial pre-approval that will help make the process. We might be able to do this without a credit check, and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering a few financial health checks. It’s in no way an offer, nor is it a guarantee of funds. Acceptance without condition is subject to an assessment of your creditworthiness and any offer that you are offered could have different conditions.
You may apply for a business loan if you
The process for applying is fast and easy. Complete the online form in just a few minutes, and a dedicated business loan specialist will contact you to assist you.
For a loan of up to $100,000, you’ll need ID details (valid Driver’s Licence) along with an active NZBN/IRD, and at least six months worth of bank statements.
For larger loan sizes, you’ll require:
$100K – $250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K – $500K: Details for application including credit consent twelve months of bank statements, IRD statement and the last two years’ finalised financial statements, in addition to interim current financial year financials, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K up to $100,000) we usually provide an answer within one hour if you make your application at standard business timings and allow us to use the advanced bank verification system to instantly verify your bank information online. If you want to send us copies of your bank statements , we are able to provide the decision in just the span of one company day.
For the Larger Business Loan ($100K up to $500,000) we may be in a position to provide you with pre-approval conditional to your application within about 6 hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however this can be quicker based upon the circumstances for each application. Some deals have been approved within the space of 24 hours.
The quickest way to apply would be to ensure you apply during normal business hours. You can also allow us to use the advanced bank verification system to instantly check your bank’s information online. If you choose to upload copies of your bank statements it can take a bit longer.
For the Small Business Loan ($5K to $100K) we can often provide an answer in just one hour – as long as you submit your request during standard business hours and allow us to use the advanced bank verification system link to immediately verify your bank account information online. If you choose to upload copies of your bank statement, we’ll offer the decision within one business day.
For the Larger Business Loans ($100K and up) we may be likely to provide the conditional pre-approval within 6 hours. Once you’ve signed the pre-approval form, it will take about 2-3 days for final approval. However, this could be shorter based on the particular circumstances of each application. Some agreements have been approved in 24 hours.
The fastest way can be make sure you apply during standard business hours, and allow us to use our modern bank verification to instantly verify your bank information online. If you decide to send us copies of your bank statements it takes a bit longer.
We provide loan amounts between $5,000 and $500,000. When you submit an application for a specific amount we will consider a number of elements to determine your well-being of the company and the amount of repayments that your company is able to afford. The total amount of your loan will depend on the specifics that are unique to your business.
When you make an application for a set amount, we take into consideration a variety of elements to determine how much we can lend you such as health for your business and the level of repayments that your business is able to afford. The total amount of your loan will depend on the specifics that are unique to your business.
When you make an application for one of our company loan, we will assess the risk profile that you have for your company and offer you with a customised offer including the loan amount, the terms and the interest rates. The business loan is a loan that is priced upfront so you will be aware of the total amount to be paid, including any charges, interest rates or fees.
The interest rates on business loans rates vary due to factors like the amount of money borrowed, what company assets the funds are used to purchase as well as the field the business operates in, how long the company is in operation and in the event that the business has enough cash flow to cover the loan, and overall well-being as well as creditworthiness company.
There aren’t any hidden costs for our business loans. You’ll be aware of the amount you be required to pay, and when, starting from day one. There’s no compounding interest, and there are no additional charges (as long as you are able to make your payments in time).
We don’t charge an Application Fee. You can make an application for loans with no upfront cost or any obligation to sign up.
The Origination Fee covers the expenses involved with setting up and managing the loan. This is only a fee if you decide to take the loan. Our Origination Fee is 2.5% of the loan amount.
You may choose to pay back the entire amount of your loan early at any time.
If you do decide to do this please speak to our friendly company loan specialists. They’ll provide you with repayment details along with an early payout estimate. It will be calculated using the sum of the principal balance and any accrued interest at the time of early payout and 1.5 percent of the principal balance as well as any outstanding fees.
In order to help you avoid missing payments and to work your cash flow cycle we offer repayments either daily or weekly. They are automatically deducted from your designated company account.
The security of your personal information, as well as being clear about how we collect, use, exchange and protect your information, is of huge importance and an integral element of our relationship with you.
Yes. We utilise industry-recognised encryption standards to secure your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our commitment to protecting the security of customers and security. We make use of an advanced banking verification system to immediately verify your bank account details online so we can offer an immediate response.
Asset-based borrowing is when a company owner utilises assets they own to get the loan. The asset can be an asset belonging to the personal, like the family home, or an business property like a truck or piece of equipment.
The vast majority of lenders, not just the major banks, prefer to make loans secured by assets. If you’re having trouble paying back the loan, your assets could be taken over by the lender. In essence it’s the process of securing new financing using the value of what you already have.
For loans up to $150,000 there is no requirement for asset security upfront to access the money However, we do require the personal guarantee. If you adhere to the terms of your loan (as stated in your loan contract) Asset security is not required. For loans that exceed $150,000, generally, there is an individual guarantee and security is provided in the form of an asset charge.
