The eligibility requirements for an unsecured business loan in Gold Coast of between $5K to $100K are quite minimal.
Need more funds? Check out the guidelines for eligibility for our $100K-$500K company credit.
All you need to get started is your contact information (the name of your company and your name, as well as email and telephone) along with the amount you’d like to borrow and your monthly earnings.
Through the process and before settlement we’ll require confirmation of who you are however, not in order to begin:
After we start, for loans over $150,000 you’ll also need basic financial statements:
Let’s get started now.
Gold Coast unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 month and cash flow friendly repayments, which are either daily or weekly.
Apply for this Small Business Loan in under 10 minutes over the phone, receive an answer within the same day and the money could be in your account in 24 hours. Traditional business loans reference an annual interest rate plus other fees and charges. We offer a business loan is a cash-based loan which means you know ahead of time the total amount to be paid, including the interest, fees and charges. This is then broken down into either weekly or daily installment amount.
The Small Business Loan can be used for virtually any business use, including managing cash flows, company remodels and marketing for purchasing inventory or new equipment, as general working capital, and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size loan to aid in company growth opportunities. Loans range between $100,000 and $500,000 over a fixed term for up to 36 months. The repayments are made weekly or fortnightly in order to accommodate your cash flow.
The Larger Business Loan has an Origination Fee which is calculated at 2.5 percentage of the loan amount.
To be eligible for a credit that is this large the business needs to be operating for at least three years and have an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A larger company loan can be used for almost all company purpose including business improvements, purchasing inventory or new equipment, as general working capital and much more. The loan is not available for personal use.
Asset security is necessary to access funding over $150,000. This can be done as a result of an charge on assets, and could include registering this on the PPSR or filing a caveat.
A personal or director’s guarantee is a promise to pay off a credit line that is generally based rather than defining security over an asset. The person who signs the ensure is personally liable if the business lender is not able to pay back the debt.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It records security interests that have been registered in respect of personal property (including objects or assets). The PPSR grants prioritisation over property that is personal to be granted depending on the date that a registration of a security interest.
An affidavit is an official document filed to provide an official notice of a claim against a property.
If you’re requesting larger business loans of more than $250,000, we may offer an initial pre-approval to ease the process. We might be able to do this without credit checks and within 6 hours of your initial application. This pre-approval is made based on an initial evaluation that involves the answer to a series of financial well-being questions. It is not an offer or guarantee of finance. Unconditional approval is subject to a full credit assessment and any offer that you might receive could have different conditions.
You can apply for an business loan if you;
The application process is fast and easy. Simply complete the online form in just a few minutes, and an experienced company loan specialist will call you to assist you.
To be eligible for up to $100,000, you’ll need proof of identity (valid Driver’s License) and an active NZBN/IRD, and at least 6 months’ worth of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K-$250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K to $500K: Application details including credit consent twelve months bank statement, an IRD statements, last 2 years finalised financial statements, and interim financial statements for the current year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K or more) we usually provide a response in one hour if you make your application during standard business times and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you want to submit copies of your bank statement, we’ll offer an answer in as little as an company day.
For the Larger Business Loan ($100K and up) we may be likely to offer you with pre-approval conditional to your application in about 6 hours. After you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, this can be quicker based upon the circumstances for each application. Some offers have been approved in 24 hours.
The quickest method is to ensure you apply during standard business hours. You can also permit us to use the modern bank verification link to instantly check your bank’s information online. If you decide to upload documents from your account statement, it may take a bit longer.
For the Small Business Loan ($5K and up) We can usually offer an answer in just one hour – provided you submit your request within standard business time and allow us to use the bank verification system to instantly verify your bank information online. If you choose to submit copies of your bank statements we can offer the decision in just an business day.
If you are applying for Larger Business Loans ($100K up to $500,000) We may be likely to provide the conditional pre-approval in about six hours. After you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, it could be faster based on the circumstances of each application. Some agreements have been approved in less than 24 hours.
The fastest method for you to apply is make sure you apply during normal business hours, and allow us to use our advanced bank verification system to instantly check your bank’s information online. If you upload the copies of bank accounts, it will take a little longer.
We offer loan amounts between $5,000 to $500,000. If you apply for a specific amount we consider a variety of variables for determining what is the well-being of the business and the extent of repayments that your business can afford. The total amount of the loan will be determined by the particular circumstances for your company.
When you submit an application for a certain amount, we consider a variety of elements to assess how much we can lend you such as well-being of your company as well as the amount of payments your business will be able to support. The total amount of your loan will be determined by the specific circumstances that are unique to your business.
When you request business loans with us company credit, we will assess the risk profile for your business and offer you with a customised offer that includes the amount of loan, the term and the interest rates. The business loan is an upfront-priced loan therefore you will know the exact amount you will have to pay, including costs, fees, or interest rates.
Business loan interest rates differ based on various factors like the amount of money that is borrowed, what business assets the money will be used for in addition to the industry that the company is in, how long the company has been operating, whether the business has enough cash flow to cover the loan, as well as the overall well-being and creditworthiness of the business.
There are no hidden costs with our company loans, and you’ll know precisely what it is that you be required to pay and when, starting from the day you sign up. There’s no compounding interest and no additional fees (as as long as you pay your payments punctually).
We do not charge an Application Fee. You are able to make an application for loans absolutely no upfront cost and no commitment to apply.
The Origination Fee covers the expenses involved with establishing and managing the loan. This is only a cost if you take out the loan. The Origination Fee for us is 2.5% of the loan amount.
You can decide to repay the entire amount of your advance loan at any time.
If you choose to do this please speak to our friendly company credit specialists. The experts will provide you with the details of your repayment and an early payment figure. It will be calculated using the total of the principal balance plus any accrued interest as of the time of the early payout in addition to 1.5% of the principal remaining as well as any outstanding fees.
To ensure that you don’t miss payments and to work with your cash flow cycle we offer repayments that are either weekly or daily. They are automatically deducted from your designated business account.
Security of your data, and knowing the ways we gather information, use it, and exchange it, as well as safeguard your data, is vital and an integral part of our relationship with you.
Yes. We employ industry-recognised encryption protocols to safeguard your personal, sensitive and financial data and our funders are ISO 27001 certified for our commitment to the security of our customers as well as their security. We utilise a sophisticated bank verification system that allows you to immediately verify your bank account details online. This allows us to provide quick responses.
An asset-based loan is when an company owner utilises the assets they have to make a loan. The asset may be a personal asset like the family home, or it could be a company asset like a truck or piece of equipment.
The majority of lenders, even the major banks, prefer to guarantee loans against assets. If you have trouble paying back the loan then the asset might be taken over by the lender. In essence, it is a way of securing new funding taking advantage of the value of what you already own.
Up to $150,000 in loans it is not necessary to secure assets before you can access the money However, we require a personal guarantee. require the personal guarantee. If you adhere to the terms of your loan (as specified in the loan contract) Asset security will never be required. For loans that exceed $150K, generally there is personal guarantee and security is provided in the form of a charge over assets.
