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Gold Coast Business Loans
Providing Specialist Business Finance

Services in Cabarita Beach

  • Cabarita Beach Unsecured Business Loans
  • Business Finance Cabarita Beach
  • Business Lending Cabarita Beach
  • Business Loan Cabarita Beach
  • Cabarita Beach Small Business Finance
  • Business Funding Cabarita Beach
  • Working Capital Cabarita Beach
  • Cabarita Beach Small Business Lending
  • Cabarita Beach Short Term Business Loan

Business Finance Cabarita Beach Gold Coast 2488 QLD

Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for obtaining an unsecured business loan in Gold Coast of between $5K and $100K are fairly minimal.

  • Minimum of 6 months in business
  • At least $6,000 in income per month
  • Be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for evidence of identity
  • Use an account with a New Zealand bank as your principal trading account
  • Bank statements for the last 6 months

Looking for more funding? Take a look at the eligibility requirements for our $100K-$500K company financing.

Quick application checklist

What do you need to apply

All you need to get started is your contact details (the name of your company, your name, email and telephone) along with the amount you’d like to lend, and your monthly income.

Through the process and before settlement we’ll require confirmation of who you are, but not to get started:

  • Idenfication information (valid Driver’s Licence)
  • Business information including trading times owner details, trading time, as well as details of ownership and trading time, as well as NZBN (New Zealand Business Number)

After we start in the process, for loans over $150,000 you’ll also need basic financial statements:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Gold Coast Small Business Loans

Tell me what you think of the Gold Coast Small Business Loans

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 which can be made daily or weekly.

What is what makes the Unsecured Loan different from the traditional company loan?

Apply to get this Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get an immediate response, and the money could be on your account within 24 hours. Traditional business loans reference an annual interest rate along with other charges and fees. The business loan is a cash-based loan therefore you’ll know in advance the total amount payable including the interest, fees and charges. Then, it is broken down into a daily or weekly installment amount.

What can the Small Business Loan be used for?

It is a Small Business Loan can be used to fulfill almost every business need, such as managing cash flows, business renovations, marketing to purchase inventory, new equipment, for general working capital and so much more. The loan cannot be used for personal use.

About larger Gold Coast Business Loans

What is the Larger Gold Coast Business Loan?

The Larger Business Loan is a larger loan size to support business expansion opportunities. The loan ranges from $100,000 to $500,000 with a term fixed with a maximum of 36 months. Repayments are scheduled weekly or fortnightly depending on the flow of cash.

How’s the Origination Fee determined?

A Larger Business Loan has an Origination Fee, calculated at 2.5% of the amount of the loan.

Can I get the Larger Business Loan?

To be eligible for a credit in this amount, your business needs to have been trading for at least 3 years and have an annual turnover of at least $700,000. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.

How can the funding be utilised?

A Larger Business Loan can be used for nearly all company reason, such as business renovations, to purchase new equipment or inventory for general working capital and much more. The loan is not available for personal use.

Is the Larger Business Loan one that requires security?

Asset security is necessary to obtain funding above $150,000. It’s by taking a charge against assets and can be registered with the PPSR or registering a caveat.

A personal or director’s guarantee is a commitment to pay back a loan that is general in nature, rather than specifying the security for a particular asset. The person signing the guarantee is personally responsible if the company the borrower fails 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 that are registered for personal property (including items or assets). The PPSR grants priority over personal property to be granted in accordance with the date on which a security interest that is registered.

The caveat can be described as a formal form of document to provide notice of a legal claim to a property.

What is a pre-approval that does not require Credit Check?

If you’re seeking the Larger Business Loan of $250,000 or more, we may offer an initial pre-approval in order to simplify 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 based on an initial assessment, which involves answering a couple of financial well-being questions. This is not an offer of credit or guarantee of financing. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer you are offered could be subject to different terms.

Application process

Are I eligible for funding?

You may apply for an business loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are 18 years or older, own a New Zealand company (with a valid NZBN/IRD)
  • can demonstrate at least 6 months of business (for a unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K up to $500K)

How do I apply?

The application process is quick and simple. Complete the online form within a couple minutes, and a dedicated company credit specialist will call you to help you.

To be eligible for up to $100,000, you’ll need ID details (valid Driver’s Licence), 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-$250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K to $500K: Information on the application including credit consent as well as 12 months bank statement, an IRD statements and the last two years’ finalised financial statements, as well as interim financials from the current financial year including Aged Payables, Aged Receivables Summary.

What speed will I be able to get a decision?

For an unsecured loan ($5K or more) we usually offer an answer within one hour – as long as you submit your request during standard business time and let us make use of the advanced bank verification system to instantly verify your bank’s information online. If you want to send us copies of your bank statement, we’ll provide a decision within just the span of one company day.

For the Larger Business Loan ($100K up to $500,000) we may be able to provide the conditional pre-approval in about 6 hours. After you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval. However, this can be quicker based on the specifics of each application. Certain deals have been approved in 24 hours.

The quickest method can be make sure you apply during normal business hours and let us use the advanced bank verification system link to check your bank’s information online. If you choose to send us documents from your account statement, it may take a bit longer.

How fast will I get the cash?

For the Small Business Loan ($5K to $100K) We can usually provide a response in one hour – provided you submit your request within standard business timings and allow us to use the advanced bank verification system to instantly verify your bank’s information online. If you opt to send us copies of your bank statement, we’ll provide a decision in just the span of one business day.

For the Larger Business Loans ($100K or more) We may be in a position to provide the conditional pre-approval in about six hours. Once you’ve signed your pre-approval form, it will take approximately 2-3 days to receive final approval. However, this can be faster depending on the particular 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 normal business hours and allow us to use our sophisticated bank verification link to instantly check your bank’s information online. If you choose to upload documents from your account statement, it may take a bit longer.

What’s the minimum amount I can borrow?

We offer the loan amount between $5,000 to $500,000. If you apply for a specific amount we consider a variety of elements that determine your well-being for your business and the extent of the repayments your business can afford. The total amount of your loan will be contingent on the specific circumstances that are unique to your company.

When you apply for a specific amount we take into consideration a variety of variables to assess the health of the business and the level of the repayments your company can support. The amount you receive from your loan will depend on the specific circumstances that are unique to your company.

Fees & repayments

How much should you charge for an business loan?

If you decide to request one of our company financing, we will assess the risk assessment of your company and offer an individualised proposal that includes loan amount, term and the interest rates. It is a company loan is an upfront-priced loan so you will know in advance the total amount to be paid, including any charges, interest rates or fees.

What is the factor that determines the price I will be charged?

Interest rates for company loans rates depend on several factors including the amount borrowed, the company assets the money will be used for in addition to the industry that the business operates in, the long the business has been operating for, how long the business has enough cash flow to support the loan, and the general health or creditworthiness of the business.

What are the costs?

There aren’t any hidden costs with our company loans. You’ll be aware of the amount you need to pay and when, right from the first day. There’s not any compounding interest and no additional fees (as as you make your payments punctually).

We don’t charge an Application Fee. You are able to make an application for loans with with no upfront cost or obligation to proceed.

The Origination Fee is the cost associated with setting up and managing the loan. The only way to pay this fee if you proceed with the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.

Can I pay out the loan earlier?

You can decide to repay all of your loan at any point in time.

If you do decide to do this please talk to one of our helpful business loan specialists. The experts will offer you with repayment details as well as an early payout amount. This is calculated as the sum of the principal amount remaining plus any accrued interest as of the date of early payout, plus 1.5 percent of the principal remaining and any outstanding fees.

What are the repayment methods?

To ensure that you don’t miss payment dates and to align with your cash flow general, we offer repayments that are either weekly or daily. These are automatically deducted from your nominated company account.

Security & privacy

Will my data be secure?

The security of your personal information, as well as knowing how we collect data, process, exchange and secure your information, is crucial and an integral part of our relationship you.

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

Yes. We make use of industry-standard encryption standards to secure your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to the security of our clients as well as their privacy. We utilise a sophisticated banking verification system to instantly confirm your bank account information online to offer a fast response.

About business loans

What’s an asset-based borrow (a secured loan)?

An asset-based loan is when a business owner utilises assets they own to obtain a loan. The asset can be an individual property, such as the family home, or a company asset like a truck or piece of equipment.

The vast majority of banks, even the largest banks, are inclined to guarantee loans against assets. If you’re having trouble paying back the loan, then the asset could be taken over by the lender. In essence, it’s the process of securing new funding taking advantage of the value of what you already have.

Are I need security to secure a company loan?

For loans that exceed $150,000, there is no requirement for asset security upfront to access the money, however we require a personal guarantee. need an individual guarantee. In the event that you fulfill the terms of your loan (as stipulated in the loan contract), asset security will never be needed. For loans that exceed $150,000, generally there is a personal ensure and security in the form a charge over assets.

Gold Coast Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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Contact Us

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1300 066 446