The requirements for getting an unsecured business loan in Gold Coast of between $5K and $100K are fairly minimal.
Do you need more money? Find out the conditions of eligibility for our $100K-$500K company credit.
All that is needed to start is your contact information (company name, your name, email, phone) and the amount you want to borrow, and your monthly revenue.
While in the process and before settlement we will need confirmation of who you are but not before we can begin:
After we start in the process, for loans over $150,000 you’ll also require fundamental financial statements:
Let’s get started now.
Gold Coast unsecured loans offers amounts between $5,000 and $100,000 with terms between 3 and 24 months and cash flow-friendly repayments that are either per day or weekly.
It is possible to apply to this Small Business Loan in under 10 minutes on the phone. You’ll receive a same day response and the money could be on your account within 24 hours. Traditional company loans are based on an interest rate per annum plus other fees and charges. We offer a business loan is a loan that is priced upfront therefore you’ll know in advance the amount you will have to pay, including any fees, charges or charges. This is then broken down into either a daily or weekly repayment figure.
The Small Business Loan can be used to fulfill almost every company need, such as cash flow management, business remodeling, marketing for purchasing inventory or new equipment, as general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans range from $100,000 to $500,000 with a fixed-term up to 36 months. Repayments are either weekly or fortnightly in order to accommodate the flow of cash.
A Larger Business Loan has an Origination Fee that is determined at 2.5% of the loan amount.
To be eligible for a loan that is this large, your company needs to be operating for a minimum of 3 years and generate an annual revenue of $700K. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand company (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.
A large business loan can be used for almost every company need, including business renovations, purchase of inventory or new equipment or as general working capital and so much more. The loan is not available for personal purposes.
Asset security is necessary for funding of more than $150,000. It’s in the form of a charge over assets, and could include the registration of this with the PPSR or registering as a caveat.
A personal or director’s guarantee is a commitment to repay a loan which is generally in nature rather than stipulating the security of a specific asset. The person who is signing the guarantee 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 operated by the New Zealand Government. It records security interests that have been registered in respect of personal property (including items or assets). The PPSR grants the priority of personal property granted according to the date a registration of a security interest.
Caveats are legal document lodged to provide notice of a legal claim to a property.
If you’re seeking larger business loans that exceeds $250,000, we may offer an initial pre-approval to smooth out the process. We might be able to get this done without a credit check, and within 6 hours of your initial application. This pre-approval is based on a preliminary assessment which includes the answer to a series of financial well-being checks. It’s not an offer of credit or guarantee of financing. Acceptance without condition is subject to an assessment of your creditworthiness and any offer you might receive could have different conditions.
You may apply for a business loan if you
The application process is fast and simple. Just complete the online application within a few minutes and a dedicated business expert in lending will call you to guide you.
To apply for up $100,000 you’ll need ID details (valid Driver’s License) and an active NZBN/IRD, and at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K-$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: Details of the application, including credit consent, 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, plus interim financial statements for the current year, Aged Payables and Aged Receivables summary.
For an unsecured loan ($5K or more) we typically offer an answer within an hour if you submit your request in quality business timings and you allow us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you choose to upload copies of your banking statements we can provide an answer in as little as the span of one company day.
If you are applying for a Larger Business Loan ($100K or more) we might be capable of provide you with a conditional pre-approval in about 6 hours. Once you have signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, this may be quicker depending upon the circumstances for each application. Some agreements have been approved in the space of 24 hours.
The quickest method for you to apply is make sure you apply during standard business hours and allow us to use our advanced bank verification system to instantly verify your bank account information online. If you choose to send us copies of your bank statements it can take a bit longer.
For the Small Business Loan ($5K and up) We can usually provide an answer in just one hour if you apply in normal business timings and you allow us to use the advanced bank verification system to instantly verify your bank information online. If you want to upload copies of your banking statement, we’ll offer an answer in as little as an business day.
If you are applying for Larger Business Loans ($100K to $500K) we might be capable of provide you with conditional pre-approval within 6 hours. Once you have signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this could be shorter based on the circumstances of each application. Certain deals have been approved within 24 hours.
The fastest way would be to ensure you apply during standard business hours and permit us to use the sophisticated bank verification link to verify your bank account information online. If you opt to send us copies of your bank statements it may take a bit longer.
We offer loans ranging from $5,000 and $500,000. If you apply for a specific amount we will consider a number of elements in order to assess your health of your company and the extent of repayments that your business can afford. The total amount of your loan will depend on the specifics that are unique to your business.
If you apply for a set amount, we look at a range of elements to determine your well-being that is your business and the extent of the repayments your business can afford. The total amount of your loan will be contingent on the particulars of your business.
If you decide to make an application for our company loans, we’ll assess the risk profile of your company and offer you with a customised proposal that includes loan amount, term and the interest rates. A company loan is an upfront-priced loan so you will know the exact amount to be paid, including any charges, interest rates or fees.
Interest rates for company loans rates depend on several factors such as the amount that is borrowed, what business assets the funds will be used for in addition to the industry that the company is in, how long the company has been operating for, whether the company has enough cash flow to pay for the loan, and also the general health or creditworthiness of the company.
There are no hidden fees with our business loans, and you’ll be aware of the amount you’ll be required to pay, and when, starting from day one. There’s no compounding interest, and no additional fees (as long as you make your payments in time).
We do not charge an Application Fee. You can request a credit loan with with no upfront cost or commitment to apply.
The Origination Fee includes the expenses associated with establishing and managing the loan. The only way to pay this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percent of the amount of loan.
You can decide to repay the entire amount of the loan in full at any time.
If you choose to pursue this option, please call our helpful company loans specialists. We will provide you with details for repayment and an early payout figure. It will be calculated using the total of the principal amount remaining and any accrued interest at the time of early payout and 1.5 percent of the principal amount remaining as well as any outstanding fees.
In order to help you avoid missing repayments and to fit in your cash flow schedule, we offer repayments that are either weekly or daily. They will be automatically deducted from your nominated company account.
The security of your personal information, as well as being upfront about how we collect data, process, exchange and secure your information, is vital and is a crucial part of our relationship you.
Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to the security of our customers as well as their privacy. We make use of an advanced bank verification system to instantly verify the bank account details online so we can offer quick responses.
Asset-based borrowing is when a company owner borrows from an asset they own to obtain the loan. The asset could be an individual asset, such as the family home, or a company asset such as a vehicle or piece of equipment.
The majority of banks, even the big banks, tend to guarantee loans against assets. If you’re struggling to pay back the loan, then the asset could be transferred to the lender. In essence it is the process of securing new funding using the value of what you already own.
For loans up to $150,000 it is not necessary to secure assets in advance to gain access to the funds however, we do require the personal guarantee. As long as you follow the loan terms (as specified in the loan contract) and you are able to meet your obligations, asset security will never be required. For loans that exceed $150K, generally there is an individual guarantee and security in the form charges on assets.
