The eligibility requirements for an unsecured business loan in Gold Coast of between $5K and $100K are pretty minimal.
Need more funds? Find out the conditions of eligibility for our $100K to $500K business loans.
All that’s needed to begin is your contact information (company name, your name, email address or phone number) along with the amount you’d like to borrow, and your monthly income.
In the course of the process and before settlement we will require confirmation of who you are, but not for starting:
Once we’ve started with loans that exceed $150,000, you will also require fundamental financial statements:
Let’s get started now.
Gold Coast unsecured loans offers amounts of between $5,000 and $100,000 with terms between 3 and 24 months, cash flow friendly repayments which can be made daily or weekly.
It is imaginable to apply for the Small Business Loan in under 10 minutes over the phone, receive an answer within the same day and have the funds in your account in 24 hours. Traditional business loans refer to an annual interest rate plus other fees and charges. This business loan is a pre-paid loan which means you know in advance the total amount to be paid, including any interest, fees or charges. This is then broken down into either a daily or weekly installment amount.
A Small Business Loan can be used for almost any business use, including the management of cash flow, company improvements, advertising for purchasing inventory or new equipment, for general working capital and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans range between $100,000 and $500,000 with a term fixed up to 36 months. Repayments are weekly or fortnightly to work with your situation.
It is important to note that the Larger Business Loan has an Origination Fee, which is determined at 2.5 percentage of the amount of the loan.
In order to be eligible for a loan that is this large, your business needs to be in operation for at least 3 years, and have an annual income of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years 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 Business Loan of a larger size is a great option for almost all business need, including company remodeling, buying equipment or inventory, as general working capital, and much more. The loan cannot be used for personal use.
Asset security is needed for funding of more than $150,000. It’s by way of charge on assets, and could include registering this in the PPSR or the registration of a caveat.
A personal or director’s guarantee is a promise to pay back a loan that is generally based rather than defining security over an asset. The person who signs the ensure is personally liable in the event that the business creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including items or assets). The PPSR allows the priority of personal property assigned in accordance with the date on which a security interest that is registered.
Caveats are legal document that is filed to provide the public notice of a legal claim against a property.
If you’re applying for larger company loans that is greater than $250K we can offer an initial pre-approval to make the process. It is possible to get this done without a credit verification and within six hours of your initial application. This pre-approval is made based on an initial assessment that includes the answer to a series of financial health checks. This is not an offer of credit or guarantee of finance. Unconditional approval is subject to an extensive credit evaluation and any offer you receive could be on different terms.
You are eligible to apply for a business loan if you:
The process for applying is fast and simple. Complete the online form within a couple minutes, and an experienced company credit specialist will contact you to assist you.
For a loan of up to $100,000 you’ll need proof of identity (valid Driver’s Licence), an NZBN/IRD that is valid and at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll also need:
$100K – $250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Application details including credit consent twelve month bank accounts, the IRD statement, last 2 years finalised financial statements, in addition to interim financial statements for the current year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K up to $100,000) We can usually provide an answer within one hour – as long as you apply at standard business hours and you allow us to utilise the bank verification system link to immediately verify your bank account information online. If you opt to upload copies of your banking statements we can provide a decision in as little as the span of one company day.
For the Larger Business Loan ($100K and up) we could be likely 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 could be shorter based on the circumstances of each application. Some offers have been approved within 24 hours.
The quickest method would be to ensure you apply during standard company hours and let us use the advance bank verification link to instantly confirm your bank details online. If you decide to send us the copies of bank 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 if you make your application at standard business time and you allow us to make use of the advanced bank verification system link to instantly verify your bank’s information online. If you want to upload copies of your banking statements, we will be able to offer a decision in just 1 business day.
For Larger Business Loans ($100K to $500K) we could be likely to offer you with a conditional pre-approval within six hours. Once you have signed the pre-approval, turnaround times are around 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Some agreements have been approved within just 24 hours.
The fastest method would be to make sure you apply during standard business hours and allow us to use the advance bank verification link to verify your bank account information online. If you choose to send us duplicates of your banking statements it will take a little longer.
We offer the loan amount between $5,000 to $500,000. If you apply for a certain amount, we look at a variety of aspects that determine your well-being for your company and the extent of repayments that your company is able to afford. The amount you receive from your loan will depend on the specific circumstances of your business.
When you apply for a specific amount we will consider a number of factors to assess your well-being that is your business and the amount of repayments your company can support. The amount you receive from the loan will be determined by the particular circumstances for your company.
When you apply for the business loans, we will assess the risk assessment for your company and offer you with a customised proposal that includes the amount of loan, the term and interest rates. A company loan is an upfront cost loan therefore you will know in advance the total amount you will have to pay, including charges, interest rates or fees.
Business loan interest rates vary due to factors such as the amount that is borrowed, what company assets the money are used to purchase, the industry the business operates in, the long the business has been in operation as well as how long the business has sufficient cash flow to fund the loan, and also the general well-being or creditworthiness of the business.
There aren’t any hidden charges with our company loans. You’ll know exactly how much you’ll be required to pay and when, starting from the day you sign up. There’s no compounding interest and no extra 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 with no upfront cost or any obligation to sign up.
The Origination Fee includes the expenses associated with setting up and managing the loan. You are only charged this fee if you decide to take the loan. The Origination Fee for us is 2.5% of the amount of loan.
You may choose to pay back the total amount of your advance loan at any time.
If you choose to do this please contact our helpful company credit experts. They’ll offer you with repayment details along with an early payout estimate. The figure will be calculated as the sum of the principal balance and accrued interest to the time of early payout in addition to 1.5% of the remaining principal plus any outstanding fees.
To help you avoid missing repayments and to fit in your cash flow schedule, we offer repayments either weekly or daily. These are automatically deducted from your business account.
Security of your data, and knowing how we collect the information we collect, use, share and safeguard your data, is vital and an integral element of our relationship with you.
Yes. We make use of industry-standard encryption standards to secure your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our commitment to protecting the security of clients and privacy. We utilise a sophisticated bank verification system that allows you to instantly confirm your bank account information online, allowing us to offer quick responses.
Asset-based borrowing occurs when an company owner utilises an asset they own to obtain a loan. The asset could be an individual asset, such as the family home or an company property like a truck or piece or equipment.
The majority of lenders, including the big banks, tend to guarantee loans against assets. If you are having difficulty paying back the loan, then your asset may be offered for sale by the lender. In essence it’s the process of securing additional financing taking advantage of the value of what you already own.
For loans of up to $150,000, no asset security is required upfront to access the money However, we do need the personal guarantee. If you adhere to the loan terms (as detailed in your loan contract) the security of assets is not needed. For loans that exceed $150K, generally, there is the option of a personal ensure and security that is in the form an asset charge.
