The criteria for eligibility for an unsecured business loan in Gold Coast of between $5K and $100K is fairly low.
Need more funds? Check out the guidelines for eligibility for our $100K to $500K company credit.
All that is needed to start is your contact information (company name, your name, email address, phone) and the amount you’d like to lend, 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:
Once we’ve started with loans greater than $150,000 you will also need basic financial statements.
Let’s get started.
Gold Coast unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 months. They also offer 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 over the phone, receive an answer within the same day and the funds could be on your account within 24 hours. Traditional company loans reference an annual rate of interest together with additional fees and charges. The business loan is a pre-paid loan so you will be aware in advance of the total amount to be paid, including any interest, fees or charges. This is then broken down into a daily or weekly payment amount.
The Small Business Loan can be used for nearly any company need, such as the management of cash flow, company remodels and marketing for purchasing inventory or new equipment, for general working capital and so much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger size of loan that can be used to fund business expansion opportunities. Loans are between $100,000 and $500,000 over a fixed term that can last up to 36 months. Repayments are weekly or fortnightly to work with the flow of cash.
This Larger Business Loan has an Origination Fee, calculated at 2.5% of the loan amount.
To qualify for a loan of this size, your company needs to have been operating for at least three years, and have an annual income of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A Business Loan of a larger size can be used to fund almost any business purpose including business improvements, purchasing new equipment or inventory, as general working capital and much more. The loan cannot be used for personal use.
Asset security is needed to access funding over $150,000. It is usually as a result of an charge over assets and can include the registration of this on the PPSR or making a caveat.
A personal or director’s guarantee is a commitment to pay off a credit line that is general in nature, rather than defining the security of a specific asset. The person who is signing the ensure is personally liable in the event that the company creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including objects or assets). The PPSR gives prioritisation over property that is personal to be assigned according to the date the security interest was registered.
Caveats are legal document lodged to provide notice of a legal claim on a property.
If you’re seeking an enterprise loan of $250,000 or more, we may offer an initial pre-approval that will help simplify the process. We could be able to make this decision without a credit check and within 6 hours of your initial application. The pre-approval is based upon a preliminary assessment which includes you answering a few financial health checks. This is not an offer or guarantee of funds. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you might receive could have different conditions.
You can apply for an company loan if you:
The application process is quick and simple. Simply complete the online form in few minutes and a dedicated business lending specialist will contact you to guide you.
To apply for up $100,000 you’ll require proof of identity (valid Driver’s Licence), an active NZBN/IRD, and at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K to $250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K-$500K: Information on the application including credit consent as well as 12 months of bank statements, IRD statements and the last two years’ finalised financial statements, plus interim financials for the current financial year as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K and up) we typically provide a response in one hour if you apply within quality company times and you allow us to make use of the advanced bank verification system link to instantly verify your bank details online. If you opt to submit copies of your bank statement, we’ll provide an answer in just an company day.
For the Larger Business Loan ($100K to $500K) we may be in a position to offer you with a conditional pre-approval in around six hours. After you’ve signed your pre-approval form, it will take around 2-3 days for final approval, however this can be quicker based on the specifics of each application. Certain offers have been approved in just 24 hours.
The fastest way can be make sure you apply during standard company hours. You can also allow us to use the modern bank verification to check your bank’s information online. If you choose to send us duplicates of your banking statements it may take a bit longer.
For the Small Business Loan ($5K and up) We can usually provide an answer in just one hour if you submit your request in standard business times and allow us to use the bank verification system to instantly verify your bank details online. If you opt to upload copies of your bank statement, we’ll offer an answer within one business day.
If you are applying for Larger Business Loans ($100K or more) We may be capable of provide you with conditional pre-approval in about 6 hours. Once you’ve signed your pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this can be faster depending on the circumstances of each application. Some deals have been approved in just 24 hours.
The quickest method would be to ensure you apply during normal business hours. Also, permit us to use the sophisticated bank verification link to instantly check your bank’s information online. If you opt to send us documents from your account statement, it can take a bit longer.
We offer loans that range from $5,000 to $500,000. If you apply for a specific amount we take into consideration a range of aspects that determine your health of your business and the level of repayments that your business is able to afford. The amount you receive from your loan will be contingent on the specifics the business.
When you make an application for a certain amount, we consider a variety of variables to assess the health that is your business as well as the amount of the repayments your company can afford. The amount you receive from your loan will be contingent on the specific circumstances the company.
When you make an application for one of our company credit, we’ll assess the risk profile that you have for your business and provide you with a customised offer that includes the amount of loan, the term and the interest rates. It is a business loan is an upfront cost loan so you will know in advance the total amount payable including any costs, fees, or interest rates.
The interest rates on business loans rates depend on several factors like the amount of money borrowed, the business assets the money will be used for and the sector the company is operating in, how long the business has been running for, whether the business has enough cash flow to cover the loan, and also the general health or financial standing of the business.
There aren’t any hidden charges with our company loans. You’ll know exactly how much you’ll need to pay and when, right from the very first day. There’s no compounding interest and no additional fees (as long as you make your payments punctually).
We do not charge an application fee. You can make an application for loans with with no upfront cost or any obligation to sign up.
The Origination Fee covers the expenses involved in establishing and managing the loan. The only way to pay this fee if you choose to proceed with the loan. Our Origination Fee is 2.5% of the amount of loan.
You can repay the entire amount of the loan at any point in time.
If you do decide to do this please call our helpful business loan specialists. We will provide you with repayment details and an early payment figure. The figure will be calculated as the sum of the principal balance plus any accrued interest as of the time of the early payout and 1.5% of the remaining principal and any fees that remain unpaid.
To ensure that you don’t miss payments and to work with your cash flow general, we provide payments that are either weekly or daily. They will be automatically deducted from the nominated business account.
Security of your data, and knowing the ways we gather the information we collect, use, share and secure your information, is of paramount importance and a vital part of our relationship you.
Yes. We utilise industry-recognised encryption standards to secure your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our dedication to the security of our clients as well as their privacy. We utilise a sophisticated banking verification system to instantly verify your bank account details online so we can provide an immediate response.
The term "asset-based" refers to borrowing where the company owner utilises assets they own to make a loan. The asset may be an individual asset, such as the family home, or an business asset such as a truck or piece or equipment.
The vast majority of the lenders not just the largest banks, are inclined to secure loans against an asset. If you’re having trouble paying back the loan, then the asset might be offered for sale by the lender. In essence it’s the process of securing additional financing using the value of what you already own.
Up to $150,000 in loans it is not necessary to secure assets in advance to gain access to the funds However, we require a personal guarantee. require the personal guarantee. As long as you follow the loan terms (as detailed in the loan contract) the security of assets will never be needed. If you take out loans in excess of $150K generally, there is a personal guarantee and security in the form a charge over assets.
