The requirements for obtaining an unsecured business loan in Gold Coast of between $5K and $100K are pretty minimal.
Need more funds? Check out the conditions of eligibility for our $100K to $500K business financing.
All that’s needed to begin is your contact information (the name of your company, your name, email address and telephone) as well as the amount you’d like to borrow and your monthly income.
While in the process and before settlement we’ll need confirmation of your identity, but not to get started:
Additionally after we get started, for loans of more than $150,000 you’ll also require basic financial statements.
Let’s get started.
Gold Coast unsecured loans offers the range of $5,000 to $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 imaginable to apply to get this Small Business Loan in under 10 minutes online or over the phone. You’ll get a same day response and have the funds on your account within 24 hours. Traditional company loans are based on an annual interest rate as well as other fees and charges. Our business loan is an upfront priced loan so you will know ahead of time the total amount to be paid, including any interest, fees or charges. This is then broken down into a daily or weekly amount to be paid back.
The Small Business Loan can be used for virtually every business purpose including the management of cash flow, business remodels and marketing, to purchase inventory or new equipment, or as general working capital and much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans range between $100,000 and $500,000 over a fixed term that can last up to 36 months. Repayments are weekly or fortnightly depending on your cash flow.
The Larger Business Loan has an Origination Fee which is calculated at 2.5 percentage of the loan amount.
To qualify for a loan of this size the company needs to be operating for at least three years and generate an annual revenue of $700K. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A Larger Business Loan can be used for almost all business need, including business improvements, purchasing inventory or new equipment as well as for general working capital and so much more. The loan cannot be used to fund personal expenses.
Asset security is required for funding of more than $150,000. It is usually by taking a charge against assets, and may include the registration of this through the PPSR or filing as a caveat.
A director’s or personal ensure is a promise to pay off a credit line that is general in nature rather than specifying security over a particular asset. The person who signs the guarantee is personally liable if the business borrower is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including objects or assets). The PPSR grants prioritisation over property that is personal to be assigned according to the date a security interest that is registered.
A caveat is a legal document lodged to provide notice of a legal claim against a property.
If you’re seeking larger company loans that exceeds $250,000 we may be able to provide an initial pre-approval in order to smooth out the process. We might be able to apply for this without a credit check and within 6 hours of your initial application. The pre-approval process is based on an initial assessment that includes answering a couple of financial health questions. It’s neither an offer nor a guarantee of financing. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you receive could have different conditions.
You are eligible to apply for an company loan if you:
The application process is quick and simple. Just complete the online application within a couple minutes, and a dedicated business expert in lending will contact you to guide you.
To apply for up to $100,000, you’ll need identification details (valid Driver’s Licence) along with an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll also require:
$100K – $250K: Application requirements, including credit consent, 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, 12 months of bank statements, IRD statement as well as the two most recent years’ financial statements, in addition to interim financial statements for the current year such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K or more) we usually offer an answer within one hour – as long as you make your application within standard business times and let us make use of the advanced bank verification system to immediately verify your bank account information online. If you decide to upload copies of your bank statement, we’ll offer the decision within just 1 business day.
For the Larger Business Loan ($100K and up) we might be in a position to offer the conditional pre-approval in around six hours. After you’ve signed your pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this could be shorter based on the particular circumstances of each application. Some transactions have received approval within less than 24 hours.
The most effective method would be to ensure you apply during normal business hours and allow us to use our advance bank verification to instantly check your bank’s information online. If you send us the copies of bank statement, it takes a bit longer.
For the Small Business Loan ($5K or more) we can often offer an answer within one hour if you submit your request at standard business times and let us use the advanced bank verification system to immediately verify your bank account information online. If you choose to upload copies of your bank statements, we’ll be able to offer a decision in just 1 business day.
For the Larger Business Loans ($100K to $500K) we could be capable of offer you with a conditional pre-approval in around 6 hours. Once you’ve signed the pre-approval document, you will require to wait approximately 2-3 days to receive final approval. However, this may be quicker depending on the particular circumstances of each application. Some transactions have received approval within just 24 hours.
The fastest method for you to apply is make sure you apply during standard business hours, and allow us to use our advance bank verification link to verify your bank account information online. If you decide to upload copies of your bank statements it takes a bit longer.
We provide loans ranging from $5,000 to $500,000. When you submit an application for a certain amount we will consider a number of variables in order to assess the health of your company and the amount of repayments that your business can afford. The amount you receive from your loan will be contingent on the specifics that are unique to your company.
When you make an application for a certain amount, we will consider a number of aspects to assess how much we can lend you such as health of your business and the level of the repayments your business will be able to support. The amount you receive from your loan will be contingent on the specifics of your company.
When you make an application for the company credit, we’ll assess the risk assessment that you have for your business and offer an individualised offer including the amount of loan, the term and interest rates. The business loan is a loan that is priced upfront therefore you will know in advance the total amount due, which includes any interest rates, fees or charges.
Business loan interest rates differ based on various factors including the amount borrowed, what company assets the money will be used for and the sector the company operates in, the long the company has been in operation as well as in the event that the company has enough cash flow to support the loan, as well as the overall health and creditworthiness of the business.
There aren’t any hidden costs for our company loans. You’ll know precisely what it is that you need to pay and when, starting from the first day. There’s no compounding interest and there are no additional charges (as as you make your payments on time).
We don’t charge an application fee. You are able to request a credit loan no cost upfront or 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 the loan.
You can decide to repay the entire amount of your loan early at any time.
If you decide to do this please call our helpful company loans professionals. They will offer you with the details of your repayment and an early payout figure. This will be calculated as the sum of the principal amount remaining and any accrued interest at the date of early payout and 1.5% of the remaining principal plus any outstanding fees.
In order to help you avoid missing due dates and also to be in line your cash flow schedule, we offer repayments either weekly or daily. They are automatically deducted from your nominated business account.
Protecting your information, and being clear about how we collect information, use it, and exchange it, as well as ensure the security of your information is crucial and a vital part of our relationship you.
Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our dedication to security for our clients and privacy. We employ a highly sophisticated bank verification system to immediately verify your bank account information online. This allows us to offer rapid response.
The term "asset-based" refers to borrowing where the business owner uses an asset they own to make the funding. The asset could be an asset belonging to the personal, like the family home, or it could be a business asset such as a vehicle or piece or equipment.
The vast majority of banks, even the big banks, tend to make loans secured by assets. If you have trouble paying back the loan, your assets could be taken over by the lender. In essence it’s means of securing new financing by taking advantage of the value of what you already have.
For loans of up to $150,000, the requirement for asset security is not required upfront to access the money but we do need the personal guarantee. In the event that you fulfill the loan terms (as stated in the loan contract) Asset security will never be needed. If you take out loans in excess of $150,000 generally, there is the option of a personal guarantee and security is provided in the form of the charge of assets.
