The eligibility requirements for an unsecured business loan in Gold Coast of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Find out the eligibility requirements for our $100K to $500K business loan.
All that’s required to start is your contact details (company name, your name, email address and phone) as well as the amount you’d like to borrow, and your monthly revenue.
During the process and before settlement we’ll need confirmation of your identity, but not before we can begin:
Once we’ve started in the process, for loans over $150,000 you’ll require basic financial statements:
Let’s get started.
Gold Coast unsecured loans offers the range of $5,000 to $100,000 with terms between 3 and 24 months, cash flow friendly repayments that are either daily or weekly.
You can apply for your Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an immediate response, and the money could be available in just 24 hours. Traditional company loans have an interest rate per annum along with other charges and fees. We offer a business loan is a cash-based loan therefore you’ll be aware of the total amount to be paid, including any interest, fees or charges. This is then divided into a daily or weekly installment amount.
A Small Business Loan can be used to fulfill almost any business purpose including control of cash flow business remodeling, marketing, to purchase inventory or new equipment, or as general working capital and much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger amount of loan to help company expansion opportunities. Loans range between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are scheduled weekly or fortnightly to work with you cashflow.
This Larger Business Loan has an Origination Fee, which is calculated at 2.5 percentage of the amount of the loan.
To be eligible for a credit in this amount the business needs to have been operating for at least three years with an annual turnover of $700K. You must be a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A larger company loan is a great option for almost every business purpose including business remodeling, buying equipment or inventory for general working capital, and much more. The loan is not available for personal reasons.
Asset security is necessary to obtain funding above $150,000. This can be done by taking a charge over assets and can include registration on the PPSR or the registration of a caveat.
A director’s or personal ensure is a commitment to pay off a credit line that is general in nature rather than stipulating security over a particular asset. The person who is signing the guarantee is personally liable if the business creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It contains security interests registered in respect of personal property (including goods or assets). The PPSR allows the priority of personal property granted according to the date the security interest has been registered.
The caveat can be described as a formal document lodged to provide the legal claim on a property.
When you’re applying for a Larger Business Loan that is greater than $250K, we may offer a preliminary pre-approval to help smooth out the process. We might be able to do this without credit checks and within six hours of your initial application. This pre-approval is based on an initial assessment that includes you answering some financial well-being checks. This is neither an offer nor a guarantee of finance. A conditional approval is subject an exhaustive credit evaluation, and any offer that you receive could be based on different conditions.
You are eligible to apply for a company loan if you:
The process for applying is fast and simple. Simply complete the online form within a few minutes and a dedicated business expert in lending will call you to help you.
To apply for up $100,000, you’ll need the right identification documents (valid Driver’s License) as well as a valid NZBN/IRD as well as at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K to $250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K-$500K: Information on the application including credit consent as well as 12 months of bank records, IRD statements and the last two years’ finalised financial statements, and interim current financial year financials such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K to $100K) We can usually offer an answer within one hour if you make your application in standard company hours and allow us to make use of the advanced bank verification system to instantly verify your bank information online. If you opt to submit copies of your bank statements we can provide a decision in just the span of one business day.
For the Larger Business Loan ($100K and up) we could be in a position to offer the conditional pre-approval in about 6 hours. After you’ve signed your pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however it could be faster based on the specifics of each application. Certain agreements have been approved in the space of 24 hours.
The quickest method for you to apply is ensure you apply during standard business hours, and allow us to use the modern bank verification to instantly confirm your bank details online. If you upload the copies of bank statement, it takes a bit longer.
For the Small Business Loan ($5K and up) we typically offer a response in one hour – provided you submit your request at standard business timings and permit us to utilise the advanced bank verification system to instantly verify your bank details online. If you choose to upload copies of your bank statements we can provide an answer in as little as 1 business day.
If you are applying for Larger Business Loans ($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, turnaround times are approximately 2-3 days to receive final approval. However, this may be quicker depending on the circumstances of each application. Certain deals have been approved in the space of 24 hours.
The fastest way for you to apply is make sure you apply during standard business hours, and allow us to use the sophisticated bank verification link to instantly verify your bank account information online. If you send us copies of your bank statement, it can take a bit longer.
We offer loans ranging from $5,000 to $500,000. If you apply for a certain amount we take into consideration a range of aspects to determine what is the well-being of the business and the level of repayments your company can afford. The amount you receive from your loan will be contingent on the specific circumstances of your business.
If you apply for a specific amount we consider a variety of aspects to assess how much we can lend you such as health that is your business as well as the amount of the repayments your business is able to afford. The amount you receive from your loan will be determined by the specifics of your business.
If you decide to request our business loan, we’ll assess the risk assessment the business and provide you with a customised proposal that includes the loan amount, the terms and the interest rates. It is a business loan is an upfront cost loan which means you be aware of the total amount due, which includes any costs, fees, or interest rates.
The interest rates on company loans rates depend on several variables like the amount to be borrowed, what business assets the funds are used to purchase and the sector the company operates in, how long the business has been in operation, how long the company has sufficient cash flow to cover the loan, and the general health or creditworthiness of the business.
There are no hidden costs for our business loans. You’ll know exactly how much it is that you be required to pay, and at what time, from the very first day. There’s no compounding 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 apply for a loan absolutely no upfront cost and no any obligation to sign up.
The Origination Fee is the cost associated in establishing and managing the loan. The only way to pay this fee if you decide to take the loan. Our Origination Fee is 2.5% of the amount of loan.
You can repay all of your advance loan at any time.
If you do decide to take this route, please talk to one of our helpful company loans professionals. We will offer you with details for repayment and an early payment figure. It will be calculated using the total of the remaining principal amount plus any accrued interest as of the time of early payout plus 1.5% of the remaining principal and any outstanding fees.
To help you avoid missing payment dates and to align your cash flow schedule, we provide repayments either daily or weekly. These are automatically withdrawn from the nominated company account.
Protecting your information, and being clear about how we collect, use, exchange and safeguard your data, is of huge importance and is an essential part of our relationship you.
Yes. We employ industry-recognised encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our commitment to customer security and security. We use an advanced bank verification system to immediately verify your bank account details online. This allows us to provide rapid response.
Asset-based borrowing is when the business owner borrows from the assets they have to secure a loan. The asset can be either a personal asset like the family home, or a business property like a truck or piece or equipment.
The vast majority of lenders, even the largest banks, are inclined 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’s the process of securing new funding taking advantage of the value of what you already own.
For loans of up to $150K, there is no requirement for asset security prior to the loan’s access, however we do need the personal guarantee. As long as you follow your loan obligations (as stipulated in your loan contract document) the security of assets will never be required. For loans that exceed $150K, typically, you will need the option of a personal ensure and security that is in the form charges on assets.
