The requirements for getting an unsecured business loan in Gold Coast of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Find out the eligibility requirements for our $100K to $500K business credit.
All that’s required to start is your contact details (the name of your company, your name, email and telephone) along with the amount you’d like to borrow, and your monthly income.
During the process and before settlement we will need confirmation of who you are, but not to get started:
After we start in the process, for loans that exceed $150,000, you’ll also need basic financial statements.
Let’s get started now.
Gold Coast unsecured loans provides amounts between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow friendly repayments that are either per day or weekly.
The application to this Small Business Loan in under 10 minutes by phone. You will receive an immediate response, and the funds could be available in just 24 hours. Traditional company loans are based on an interest rate per annum as well as other fees and charges. This company loan is an upfront priced loan which means you be aware of the total amount to be paid, including any fees, interest or charges. Then, it is broken down into either a daily or weekly amount to be paid back.
It is a Small Business Loan can be used for nearly every business purpose including control of cash flow company remodeling, marketing to purchase inventory or new equipment, as general working capital, and much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger loan size to support company growth opportunities. Loans are between $100,000 and $500,000 with a fixed-term up to 36 months. Repayments are scheduled weekly or fortnightly, depending on your situation.
It is important to note that the Larger Business Loan has an Origination Fee which is calculated at 2.5 percent of the loan amount.
To qualify for a loan that is this large the business needs to be operating for a minimum of 3 years and generate an annual revenue of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A Larger Business Loan can be used to fund almost every company reason, such as company remodeling, buying new equipment or inventory as well as for general working capital and so much more. The loan is not available for personal reasons.
Asset security is necessary to access funding over $150,000. This can be done by way of charge over assets, which could also include registration with the PPSR or making as a caveat.
A director’s or personal ensure is a guarantee to pay back a loan that is generally based rather than defining security over an asset. The person who is signing the ensure is personally liable in the event that the business the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including objects or assets). The PPSR allows priority over personal property to be assigned in accordance with the date on which a security interest that is registered.
A caveat is a legal document filed to offer notice of a legal claim to a property.
When you’re applying for the Larger Business Loan of more than $250K it’s possible to offer an initial pre-approval to make the process. We might be able to get this done without a credit check, and within 6 hours of your initial application. The pre-approval process is based on a preliminary assessment which includes you answering some financial well-being questions. It is not an offer of credit or guarantee of finance. Unconditional approval is subject to a full credit assessment and any offer that you might receive could have different terms.
You may apply for an business loan if you;
The application process is fast and easy. Complete the online form in just a few minutes, and an experienced business loan specialist will contact you to guide you through the process.
To apply for up $100,000 you’ll require identification details (valid Driver’s License), an NZBN/IRD that is valid and at least 6 months of bank statements.
For larger loan sizes, you’ll require:
$100K-$250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Information on the application including credit consent and 12 months bank statement, an IRD statement and the last two years’ finalised financial statements, and interim financial statements for the current year including Aged Payables, Aged Receivables reports.
For an unsecured loan ($5K or more) we can often provide an answer within one hour if you make your application within standard company hours and permit us to utilise the advanced bank verification system to instantly verify your bank’s information online. If you want to upload copies of your bank statement, we’ll offer a decision within 1 business day.
For the Larger Business Loan ($100K or more) we could be able to offer you with pre-approval conditional to your application within six hours. Once you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this may be quicker depending on the specifics of each application. Certain transactions have received approval within the space of 24 hours.
The quickest method would be to make sure you apply during normal company hours and permit us to use the advance bank verification to instantly confirm your bank details online. If you choose to send us duplicates of your banking statement, it may take a bit longer.
For the Small Business Loan ($5K or more) we can often provide an answer in just one hour – provided you submit your request within normal business timings and permit us to use the advanced bank verification system to instantly verify your bank details online. If you choose to upload copies of your banking statements, we are able to offer a decision in as little as one business day.
If you are applying for Larger Business Loans ($100K and up) we may be able to offer you with a conditional pre-approval within about 6 hours. Once you’ve signed your pre-approval, turnaround times are between 2 and 3 days for the final approval, however this could be shorter based on the particular circumstances of each application. Certain deals have been approved within the space of 24 hours.
The fastest way for you to apply is ensure you apply during standard business hours. Also, let us use the sophisticated bank verification link to instantly verify your bank information online. If you send us the copies of bank accounts, it takes a bit longer.
We offer loan amounts between $5,000 to $500,000. When you submit an application for a certain amount, we consider a variety of aspects in order to assess how much we can lend you well-being for your business and the extent of the repayments your business will be able to support. The total amount of the loan will be determined by the specifics of your business.
When you make an application for a set amount, we look at a range of elements to determine your health of the company and the extent of repayments that your company can afford. The total amount of the loan will be determined by the specific circumstances that are unique to your company.
If you decide to make an application for one of our business loan, we will assess the risk profile of your business and offer an individualised proposal that includes loan amount, term and interest rates. The company loan is an upfront cost loan which means you know in advance the total amount to be paid, including any charges or interest.
Business loan interest rates depend on several factors such as the amount that is borrowed, the business assets the funds will be used for, the industry the company operates in, how long the business has been in operation as well as what percentage of the company has sufficient cash flow to support the loan, and the general well-being or financial standing of the company.
There aren’t any hidden charges for our company loans, and you’ll know precisely how much you be required to pay, and when, right from the very first day. There’s no compounding interest, and the loan comes with no additional fees (as as you make your payments punctually).
We don’t charge an Application Fee. You are able to apply for a loan with absolutely no upfront cost and no obligation to proceed.
The Origination Fee covers the costs associated with the setting up and management of the loan. It is only charged for this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.
You may choose to pay back the total amount of your loan early at any time.
If you decide to do this please speak to our friendly company loans experts. They’ll provide you with details on repayment and an early payout figure. It will be calculated using the total of the principal balance and any accrued interest at the time of early payment in addition to 1.5% of the principal remaining plus any outstanding fees.
To make sure that you don’t miss repayments and to fit in with your cash flow cycle we offer repayments that are either weekly or daily. They are automatically deducted from the nominated company account.
The security of your personal information, as well as being upfront about the ways we gather data, process, exchange and protect your information, is of paramount importance and an integral aspect of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to protecting the security of clients and security. We use an advanced bank verification system link to immediately verify your bank account details online so we can provide an immediate response.
The term "asset-based" refers to borrowing where a business owner makes use of an asset they own to obtain the funding. The asset can be an individual property, such as the family home or it could be a business property like a truck or piece of equipment.
The vast majority of the lenders not just the major banks, prefer to guarantee loans against an asset. If you’re having trouble paying back the loan, the asset might be sold by the lender. In essence, it is an opportunity to secure new financing using the value of what you already have.
For loans up to $150,000 it is not necessary to secure assets in advance to gain access to the funds but we require a personal guarantee. need the personal guarantee. If you adhere to your loan commitments (as detailed in your loan contract) and you are able to meet your obligations, asset security will never be required. For loans of over $150K generally there is personal guarantee and security is provided in the form of charges on assets.
