The criteria for eligibility for an unsecured business loan in Gold Coast of between $5K and $100K are fairly minimal.
Looking for more funding? Check out the conditions of eligibility for our $100K to $500K company loans.
All that is needed to get started is your contact details (company name, your name, email and telephone) along with the amount you’d like to lend, and your monthly revenue.
Through the process and before settlement we will need confirmation of your identity, but not to get started:
After we start with loans of more than $150,000 you’ll need basic financial statements.
Let’s get started.
Gold Coast unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months and cash flow-friendly repayments, which are either daily or weekly.
Apply to your Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an answer within the same day and have the funds on your account within 24 hours. Traditional company loans refer to an annual interest rate along with other charges and fees. We offer a company loan is a loan that is priced upfront and you’ll be aware in advance of the total amount payable including the interest, fees and charges. This is then broken down into weekly or daily payment amount.
It is a Small Business Loan can be used for virtually any business purpose including managing cash flows, business improvements, advertising to purchase inventory, new equipment, or as general working capital, and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. The loan ranges from $100,000 to $500,000 over a fixed term up to 36 months. The repayments are made weekly or fortnightly, depending on you cashflow.
The Larger Business Loan has an Origination Fee, which is calculated at 2.5% of the loan amount.
To be eligible for a loan of this size, your company needs to be operating for at least three years and have an annual turnover of at least $700,000. You must be a New Zealand Citizen (or Permanent Resident) at least 18 years old as well as own a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of business.
A larger company loan is a great option for almost all company use, including business improvements, purchasing equipment or inventory or as general working capital, and much more. The loan cannot be used for personal purposes.
Asset security is needed for accessing funds over $150,000. It is usually by way of charge against assets, and may be registered on the PPSR or the registration of as a caveat.
A director’s or personal ensure is a guarantee to repay credit that is general in nature rather than stipulating security over a particular asset. The person who signs the guarantee is personally liable in the event that the company borrower is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It contains security interests that are registered for personal property (including items or assets). The PPSR grants priority over personal property to be assigned according to the date the security interest has been registered.
The caveat can be described as a formal form of document to offer the legal claim against a property.
When you’re applying for the Larger Business Loan that is greater than $250,000, we may offer an initial pre-approval in order to simplify the process. We may be able to apply for this without a credit check and within 6 hours of the initial application. This pre-approval is made based on an initial assessment that includes you answering some financial well-being questions. This is not an offer of credit or guarantee of credit. The approval of a conditional loan is subject to a full credit assessment and any offer you may receive may have different conditions.
You may apply for an business loan if you;
The application process is quick and easy. Complete the online form in few minutes and an experienced business expert in lending will be in touch to guide you.
To apply for up $100,000 you’ll require ID details (valid Driver’s License), an NZBN/IRD that is valid and at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll also need:
$100K-$250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K-$500K: Application details including credit consent, 12 month bank accounts, the IRD statements and the last two years’ finalised financial statements, in addition to interim financial statements for the current year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K and up) we usually offer an answer within an hour – as long as you submit your request during standard business hours and allow us to use the advanced bank verification system to instantly verify your bank information online. If you decide to submit copies of your bank statements , we’ll be able to offer the decision in as little as an business day.
If you are applying for a Larger Business Loan ($100K and up) we may be capable of offer the conditional pre-approval in about six hours. Once you have signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, this may be quicker depending upon the circumstances for each application. Some agreements have been approved within 24 hours.
The quickest method can be ensure you apply during standard business hours. You can also let us use the advanced bank verification system to verify your bank account information online. If you send us duplicates of your banking accounts, it will take a little longer.
For the Small Business Loan ($5K and up) We can usually provide a response in one hour – provided you submit your request at standard business hours and let us use the bank verification system link to immediately verify your bank account information online. If you choose to upload copies of your banking statements, we are able to provide the decision within one business day.
If you are applying for Larger Business Loans ($100K and up) we may be able to provide you with conditional pre-approval within about six hours. Once you’ve signed your pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, this could be shorter based on the particular circumstances of each application. Some agreements have been approved in 24 hours.
The fastest way for you to apply is ensure you apply during normal business hours. Also, allow us to use the advance bank verification link to instantly check your bank’s information online. If you opt to upload copies of your bank statement, it can take a bit longer.
We provide the loan amount between $5,000 and $500,000. When you submit an application for a particular amount, we consider a variety of variables for determining what is the health of the business and the amount of the repayments your company can afford. The total amount of your loan will be contingent on the specific circumstances the business.
When you apply for a set amount, we will consider a number of factors to assess your health of your business as well as the amount of repayments that your company can afford. The total amount of the loan will be determined by the specifics the company.
When you request one of our company credit, we’ll assess the risk profile of your business and provide you with a tailored offer, including the amount of loan, the term and interest rates. A business loan is an upfront-priced loan so you will know the exact amount due, which includes any charges or interest.
Business loan interest rates vary due to factors such as the amount that is borrowed, the business assets the funds will be used for in addition to the industry that the business operates in, how long the business is in operation and how long the business has enough cash flow to fund the loan, as well as the general health or financial standing of the business.
There aren’t any hidden charges with our business loans, and you’ll know precisely what it is that you be required to pay and when, from the day you sign up. There’s no compounding interest, and the loan comes with no additional fees (as long as you make your payments punctually).
We do not charge an application fee. You are able to request a credit loan no cost upfront or any obligation to sign up.
The Origination Fee covers the expenses involved with the setting up and management of the loan. You are only charged this cost if you take out the loan. Our Origination Fee is 2.5 percentage of the amount of loan.
You may choose to pay back the entire amount of your loan early at any time.
If you choose to do this please talk to one of our helpful company loans specialists. The specialists will offer you with repayment details as well as an early payout amount. It will be calculated using the total of the principal remaining plus any accrued interest as of the date of early payout, plus 1.5% of the principal amount remaining plus any outstanding fees.
To make sure you do not miss due dates and also to be in line your cash flow cycle we offer repayments either daily or weekly. These are automatically withdrawn from your designated company account.
Making sure that your information is secure, and knowing the ways we gather information, use it, and exchange it, as well as safeguard your data, is of paramount importance and is an essential element of our relationship with you.
Yes. We employ industry-recognised encryption techniques to protect your sensitive, personal financial information and our funders are ISO 27001 certified for our commitment to the security of our customers as well as their security. We utilise a sophisticated bank verification system that allows you to immediately verify your bank account details online, allowing us to provide an immediate response.
Asset-based borrowing occurs when a business owner uses an asset that they own to obtain the funds for a loan. The asset could be an asset belonging to the personal, like the family home, or it could be a company asset like a truck or piece or equipment.
The vast majority of lenders, even the big banks, tend to secure loans against an asset. If you have trouble paying back the loan then your assets could be sold by the lender. In essence, it’s a way of securing additional financing making use of the value of what you already own.
For loans of up to $150K, the requirement for asset security is not required upfront to access the money however, we do need an individual guarantee. If you adhere to your loan commitments (as detailed in your loan contract document) the security of assets will never be needed. For loans that exceed $150,000, generally, you are able to get a personal guarantee and security that is in the form an asset charge.
