The criteria for eligibility for an unsecured business loan in Gold Coast of between $5K to $100K are quite minimal.
Need more funds? Find out the conditions of eligibility for our $100K-$500K company financing.
All that’s required to start is your contact information (company name, your name, email or phone number) and the amount you’d like to lend, and your monthly revenue.
In the course of the process and before settlement we will require confirmation of your identity but not before we can begin:
Once we’ve started with loans of more than $150,000 you’ll need fundamental financial statements:
Let’s get started now.
Gold Coast unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow-friendly repayments that are either daily or weekly.
Apply for your Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get an instant response and the money could be in your account within 24 hours. Traditional business loans refer to an annual rate of interest together with additional fees and charges. We offer a company loan is a pre-paid loan so you will be aware in advance of the total amount due, which includes any fees, interest or charges. This is then broken down into either weekly or daily payment amount.
The Small Business Loan can be used for virtually every company purpose including control of cash flow business remodels and 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 amount of loan to help business expansion opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term for up to 36 months. Repayments are weekly or fortnightly depending on you cashflow.
A Larger Business Loan has an Origination Fee that is determined at 2.5 percentage of the amount of the loan.
In order to be eligible for a loan of this size, your company needs to have been in operation for at least 3 years and generate an annual revenue of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own 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 can be used to fund almost any business need, including company renovations, purchase of inventory or new equipment, as general working capital, and much more. The loan cannot be used for personal purposes.
Asset security is necessary to obtain funding above $150,000. This can be done in the form of a charge against assets and can include the registration of this in the PPSR or filing a caveat.
A director’s or personal ensure is a guarantee to pay off a credit line that is general in nature rather than stipulating the security of a specific asset. The person who signs the ensure is personally responsible if the company the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It contains security interests registered in respect of personal property (including items or assets). The PPSR gives prioritisation over property that is personal to be assigned according to the date the security interest that is registered.
Caveats are legal form of document to offer the public notice of a legal claim to a property.
If you’re requesting the Larger Business Loan that exceeds $250K we can offer a preliminary pre-approval to help make the process. We could be able to do this without a credit check, and within 6 hours of the initial application. The pre-approval is based upon an initial evaluation that involves the answer to a series of financial well-being questions. It’s not an offer of credit or guarantee of financing. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer that you are offered could have different terms.
You may be eligible for an company loan if you:
The process for applying is fast and simple. Simply complete the online form in just a few minutes, and an experienced company lending specialist will contact you to help you.
For a loan of up to $100,000, you’ll require proof of identity (valid Driver’s Licence) 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 need:
$100K – $250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K to $500K: Details of the application, including credit consent twelve months of bank statements, IRD statement Last 2 years’ finalised financial statements, and interim financial statements for the current year such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K and up) we usually offer a response in one hour, provided you make your application at standard business timings and let us utilise the bank verification system to instantly verify your bank details online. If you decide to upload copies of your banking statements , we will be able to offer the decision within just the span of one company day.
For the Larger Business Loan ($100K up to $500,000) we may be capable of provide you with pre-approval conditional to your application within about 6 hours. After you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval. However, this could be shorter based on the specifics of each application. Certain agreements have been approved in less than 24 hours.
The quickest way to apply can be make sure you apply during normal company hours and allow us to use our modern bank verification link to instantly check your bank’s information online. If you send us copies of your bank accounts, it can take a bit longer.
For the Small Business Loan ($5K up to $100,000) we usually offer an answer in just one hour, provided you apply at normal business timings and permit us to use the bank verification system to instantly verify your bank information online. If you choose to upload copies of your bank statement, we’ll provide an answer in as little as one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) We may be likely to provide you with a conditional pre-approval in about six hours. Once you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval, however it could be faster based on the specifics of each application. Certain offers have been approved within less than 24 hours.
The quickest method can be make sure you apply during normal business hours, and allow us to use our modern bank verification link to instantly verify your bank information online. If you decide to upload duplicates of your banking statements it takes a bit longer.
We provide loan amounts between $5,000 to $500,000. When you submit an application for a certain amount we will consider a number of factors in order to assess what is the well-being of the business and the extent of repayments your company can support. The total amount of the loan will be determined by the particular circumstances that are unique to your company.
When you submit an application for a specific amount we consider a variety of aspects to determine how much we can lend you such as health that is your company and the level of repayments your company can support. The total amount of your loan will be determined by the particular circumstances for your company.
When you apply for our business loan, we will assess the risk assessment that you have for your company and offer you with a customised proposal that includes the loan amount, the terms and interest rates. A business loan is a loan that is priced upfront so you will be aware in advance of the total amount to be paid, including any interest rates, fees or charges.
The interest rates on company loans rates vary due to factors such as the amount that is that is borrowed, what company assets the funds are used to purchase as well as the field the business is in, how long the business is in operation, what percentage of the company has sufficient cash flow to pay for the loan, as well as the overall health or creditworthiness of the company.
There are no hidden fees with our business loans, and you’ll know precisely how much you’ll be required to pay and at what time, from the day you sign up. There’s no compounding interest, and no additional fees (as long as you are able to make your payments on time).
We do not charge an Application Fee. You are able to make an application for loans no cost upfront or any obligation to sign up.
The Origination Fee is the cost 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% of the amount of the loan.
You can decide to repay the total amount of your advance loan at any time.
If you do decide to pursue this option, please contact our helpful company credit specialists. The experts will provide you with the details of your repayment and an early payment figure. This is calculated as the sum of the principal remaining plus any accrued interest as of the time of early payout and 1.5% of the principal amount remaining and any outstanding fees.
To make sure that you don’t miss payment dates and to align with your cash flow cycle we provide repayments either weekly or daily. These are automatically deducted from your designated business account.
Security of your data, and being clear about how we collect, use, exchange and safeguard your data, is of huge importance and an integral element of our relationship with you.
Yes. We make use of industry-standard encryption standards to secure your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our dedication to the security of our clients as well as their security. We make use of an advanced bank verification system link to instantly confirm your bank account information online. This allows us to offer rapid response.
The term "asset-based" refers to borrowing where a company owner uses the assets they have to secure the funds for a loan. The asset could be an individual property, such as the family home, or it could be a business property like a truck or other piece of machinery.
The majority of the lenders including the banks with the biggest size, prefer to guarantee loans against assets. If you are having difficulty paying back the loan, your asset may be taken over by the lender. In essence, it’s the process of securing new financing by making use of the value of what you already have.
Up to $150,000 in loans no asset security is required prior to the loan’s access However, we do require the personal guarantee. So long as you comply with the loan terms (as stipulated in your loan contract), asset security will never be required. For loans of over $150K generally, there is personal guarantee and security that is in the form the charge of assets.
