The eligibility requirements for an unsecured business loan in Gold Coast of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Take a look at the conditions of eligibility for our $100K to $500K company financing.
All that’s needed for starting is your contact information (the name of your company and your name, as well as email, phone), how much you want to borrow, as well as your monthly income.
In the course of the process and before settlement we will require confirmation of who you are but not before we can begin:
Additionally after we get started with loans greater than $150,000 you’ll require basic financial statements:
Let’s get started.
Gold Coast unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow friendly repayments that are either per day or weekly.
It is possible to apply for this Small Business Loan in under 10 minutes on the internet or over the phone, receive an instant response and have the funds in your account in 24 hours. Traditional company loans are based on an interest rate per annum along with other charges and fees. Our company loan is a pre-paid loan so you will be aware of the amount you will have to pay, including any fees, interest or charges. This is then divided into a daily or weekly payment amount.
The Small Business Loan can be used for virtually any business use, including cash flow management, company remodeling, marketing, to purchase inventory or new equipment, or as general working capital, and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger loan size to support business growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term up to 36 months. Repayments are either weekly or fortnightly depending on your cash flow.
This Larger Business Loan has an Origination Fee, determined at 2.5 percentage of the amount of the loan.
In order to be eligible for a loan in this amount, your business needs to be operating for at least three years with an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.
A Business Loan of a larger size is a great option for almost every business need, including company remodeling, buying equipment or inventory or as general working capital and so much more. The loan cannot be used for personal purposes.
Asset security is needed to obtain funding above $150,000. This is in the form of a charge on assets, and could include the registration of this on the PPSR or the registration of as a caveat.
A personal or director’s guarantee is a commitment to repay credit that is general in nature rather than specifying the security of a specific asset. The person who signs the ensure is personally responsible if the business creditor is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It contains security interests registered in respect of personal property (including goods or assets). The PPSR grants prioritisation over property that is personal to be assigned according to the date a security interest was registered.
A caveat is a legal document that is filed to provide the legal claim to a property.
If you’re requesting larger business loans that is greater than $250,000 it is possible to offer an initial pre-approval to ease the process. It is possible to apply for this without a credit check and within six hours of your initial application. The pre-approval process is based on an initial assessment, which involves you answering a few financial well-being checks. It is not an offer of credit or guarantee of funds. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you may receive may be on different terms.
You are eligible to apply for a company loan if you
The application process is quick and easy. Complete the online form in just a few minutes, and an experienced company expert in lending will contact you to guide you.
To be eligible for up to $100,000, you’ll require ID details (valid Driver’s Licence) along with an active NZBN/IRD, and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll also need:
$100K – $250K: Application requirements, including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Details for application including credit consent, 12 months bank statement, an IRD statements, last 2 years finalised financial statements, and interim current financial year financials, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K and up) we can often provide an answer within one hour, provided you apply during quality company times and permit us to utilise the bank verification system link to instantly verify your bank information online. If you opt to upload copies of your banking statements we can provide an answer within an company day.
If you are applying for a Larger Business Loan ($100K and up) we may be capable of provide you with a conditional pre-approval in about six hours. Once you have signed the pre-approval document, you will need to wait approximately 2-3 days to receive final approval. However, this may be quicker depending on the particular circumstances of each application. Certain offers have been approved in the space of 24 hours.
The quickest way to apply is to ensure you apply during standard company hours. You can also let us use the modern bank verification to check your bank’s information online. If you opt 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 usually offer an answer within an hour – provided you apply within normal business times and let us utilise the advanced bank verification system to instantly verify your bank’s information online. If you choose to upload copies of your bank statements, we will be able to offer an answer in just one business day.
For Larger Business Loans ($100K up to $500,000) we may be in a position to offer you with a conditional pre-approval within about six hours. Once you have signed the pre-approval document, you will require to wait between 2 and 3 days for the final approval. However, this could be shorter based on the particular circumstances of each application. Certain agreements have been approved within just 24 hours.
The quickest method can be ensure you apply during standard business hours. You can also allow us to use our modern bank verification link to instantly confirm your bank details online. If you choose to upload the copies of bank statements it takes a bit longer.
We offer the loan amount between $5,000 to $500,000. When you submit an application for a certain amount, we take into consideration a range of aspects that determine the well-being for your company and the level of repayments your company can support. The amount you receive from your loan will depend on the specific circumstances the business.
When you make an application for a specific amount we take into consideration a variety of variables to assess your well-being of your business and the level of payments your business can afford. The total amount of your loan will be contingent on the particular circumstances the business.
When you make an application for the company financing, we’ll assess the risk profile that you have for your company and provide you with a customised proposal that includes loan amount, term and interest rates. It is a business loan is an upfront priced loan so you will be aware in advance of the total amount to be paid, including any charges, interest rates or fees.
Business loan interest rates depend on several factors like the amount of money borrowed, what company assets the funds are used to purchase and the sector the company is operating in, how long the business is in operation as well as in the event that the business has sufficient cash flow to support the loan, and also the general health and creditworthiness of the business.
There are no hidden fees with our company loans, and you’ll be aware of the amount you’ll be required to pay and when, from the day you sign up. There’s no compounding interest, and there are no additional charges (as long as you are able to make your payments on time).
We don’t charge an Application Fee. You are able to apply for a loan absolutely no upfront cost and no the obligation to take action.
The Origination Fee includes the expenses associated with setting up and managing the loan. You are only charged this fee if you decide to take the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.
You can repay the entire amount of your loan in full at any time.
If you do decide to take this route, please talk to one of our helpful business lending experts. We will provide you with the details of your repayment and an early payout figure. This will be calculated as the total of the principal balance plus any accrued interest as of the date of early payout in addition to 1.5% of the principal balance plus any outstanding fees.
To help you avoid missing payments and to work your cash flow cycle we offer repayments that are either weekly or daily. These are automatically deducted from the nominated business account.
Protecting your information, and being transparent about how we collect, use, exchange and protect your information, is crucial and a vital element of our relationship with you.
Yes. We employ industry-recognised encryption techniques to protect your personal, sensitive 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 bank verification system link to immediately verify your bank account details online so we can provide a fast response.
Asset-based borrowing occurs when the business owner uses the assets they have to obtain the funds for a loan. The asset may be an asset belonging to the personal, like the family home or an company asset such as a truck or other piece of machinery.
The majority of banks, including the largest banks, are inclined to secure loans against assets. If you have trouble paying back the loan then the asset could be taken over by the lender. In essence, it’s a way of securing new funding taking advantage of the value of what you already have.
For loans up to $150,000 no asset security is required upfront to access the money, however we do require the personal guarantee. So long as you comply with your loan commitments (as stated in the loan contract) and you are able to meet your obligations, asset security will never be needed. For loans of over $150K generally, you can get a personal ensure and security that is in the form an asset charge.
