The eligibility requirements for an unsecured business loan in Gold Coast of between $5K to $100K are quite minimal.
Do you need more money? Review the conditions of eligibility for our $100K-$500K company loans.
All that’s required for starting is your contact details (the name of your company, your name, email and phone) and the amount you’d like to lend, as well as your monthly income.
During the process and before settlement we will require confirmation of who you are but not to get started:
After we start in the process, for loans over $150,000 you’ll require basic financial statements:
Let’s get started now.
Gold Coast unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow friendly repayments which can be made daily or weekly.
You can apply to get your Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive a same day response and funds may be on your account within 24 hours. Traditional company loans refer to an annual rate of interest along with other charges and fees. The company loan is an upfront priced loan which means you be aware of the amount you will have to pay, including any interest, fees or charges. Then, it is divided into a daily or weekly repayment figure.
The Small Business Loan can be used for virtually every company reason, such as the management of cash flow, company renovations, marketing, to purchase inventory or new equipment, to fund general working capital and so 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. Loans range between $100,000 and $500,000 with a fixed-term for up to 36 months. Repayments are either weekly or fortnightly, depending on your cash flow.
It is crucial to note that the Larger Business Loan has an Origination Fee that is calculated at 2.5% of the loan amount.
To be eligible for a credit that is this large, your business needs to be operating for a minimum of 3 years and generate an annual revenue of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand business (with a valid NZBN/IRD) and be able of proving 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 renovations, purchase of inventory or new equipment for general working capital and much more. The loan is not available for personal purposes.
Asset security is required for accessing funds over $150,000. This can be done in the form of a charge on assets, and may be registered in the PPSR or the registration of as a caveat.
A director’s or personal ensure is a guarantee to repay credit that is generally in nature rather than stipulating security over a particular asset. The person signing the guarantee is personally liable in the event that the company creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It records security interests that have been registered in respect of personal property (including goods or assets). The PPSR grants the priority of personal property granted according to the date a security interest was registered.
A caveat is a legal document lodged to provide an official notice of a claim to property.
If you’re seeking a Larger Business Loan that exceeds $250K it is possible to offer an initial pre-approval in order to simplify the process. We may be able to apply for this without credit checks and within six hours of your initial application. This pre-approval is based on a preliminary assessment which includes you answering some financial well-being checks. This is in no way an offer, nor is it a guarantee of funds. Unconditional approval is subject to an assessment of your creditworthiness and any offer you may receive may have different conditions.
You may apply for an company loan if you:
The application process is quick and simple. Simply complete the online form within a few minutes and a dedicated business expert in lending will contact you to assist you.
To be eligible for up to $100,000 you’ll require identification details (valid Driver’s License) along with an NZBN/IRD that is valid and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K – $250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K – $500K: Information on the application including credit consent and 12 month bank accounts, the IRD statements Last 2 years’ finalised financial statements, and interim current financial year financials as well as Aged Payables and Receivables summary.
For an unsecured loan ($5K and up) we can often offer an answer within an hour, provided you make your application at standard company time and allow us to make use of the advanced bank verification system to instantly verify your bank details online. If you opt to submit copies of your bank statements we can offer a decision in as little as an business day.
For the Larger Business Loan ($100K or more) we might be in a position to provide you with conditional pre-approval within about six hours. After you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, it could be faster based on the circumstances of each application. Some agreements have been approved in the space of 24 hours.
The quickest method is to ensure you apply during standard business hours. Also, let us use the advanced bank verification system link to verify your bank account information online. If you decide to send us copies of your bank statements it may take a bit longer.
For the Small Business Loan ($5K to $100K) we can often provide an answer in just one hour if you apply in standard business hours and you allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you choose to upload copies of your bank statement, we’ll offer an answer in as little as an business day.
For the Larger Business Loans ($100K up to $500,000) we might be likely to offer you with pre-approval conditional to your application in about six hours. After you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval, however it could be faster based on the particular circumstances of each application. Some deals have been approved within just 24 hours.
The most effective method is to make sure you apply during normal business hours and allow us to use the modern bank verification to verify your bank account information online. If you choose to upload duplicates of your banking statements it will take a little longer.
We offer loans that range from $5,000 and $500,000. When you submit an application for a certain amount, we look at a variety of aspects for determining the health of the company and the amount of payments your company can support. The total amount of your loan will depend on the specific circumstances of your company.
If you apply for a specific amount we take into consideration a variety of elements to assess the well-being for your business and the amount of the repayments your business can afford. The amount you receive from your loan will be determined by the particulars of your company.
When you make an application for the company credit, we will assess the risk assessment of your business and offer an individualised offer including the loan amount, the terms and the interest rates. A company loan is an upfront-priced loan therefore you will be aware of the total amount to be paid, including any interest rates, fees or charges.
Interest rates for company loans rates depend on a variety of factors like the amount of money that is borrowed, what company assets the funds are used to purchase, the industry the company operates in, the long the business is in operation and how long the company has enough cash flow to fund the loan, and the overall health or creditworthiness of the business.
There aren’t any hidden charges for our company loans, and you’ll know precisely how much you need to pay and at what time, from the very first day. There’s no compounding and the loan comes with no additional fees (as as you make your payments punctually).
We do not charge an Application Fee. You can make an application for loans absolutely no upfront cost and no obligation to proceed.
The Origination Fee covers the costs associated with setting up and managing the loan. The only way to pay this fee if you proceed with the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You can repay the entire amount of your loan at any point in time.
If you are deciding to take this route, please speak to our friendly business lending specialists. They will offer you with details on repayment and an early payout figure. This is calculated as the total of the remaining principal amount and any accrued interest at the time of the early payout and 1.5 percent of the principal amount remaining and any fees that remain unpaid.
To ensure you do not miss due dates and also to be in line with your cash flow standard, we offer repayments that are either weekly or daily. These are automatically withdrawn from your nominated business account.
Security of your data, and being transparent about how we collect, use, exchange and ensure the security of your information is of huge importance and an integral aspect of our relationship with you.
Yes. We use industry recognised encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 qualified for our dedication to security for our clients and privacy. We use an advanced bank verification system link to immediately verify your bank account information online, allowing us to offer a fast response.
The term "asset-based" refers to borrowing where a business owner utilises an asset that they own to get the loan. The asset can be either an individual asset, such as the family home, or a business asset such as a vehicle or other piece of machinery.
The majority of lenders, including the big banks, tend to make loans secured by assets. If you have trouble paying back the loan, your asset may be offered for sale by the lender. In essence, it is means of securing new financing taking advantage of the value of what you already have.
For loans of up to $150K, it is not necessary to secure assets in advance to gain access to the funds However, we do need an individual guarantee. So long as you comply with your loan obligations (as stated in the loan contract) the security of assets will never be required. For loans that exceed $150K, generally, there is the option of a personal ensure and security is provided in the form of the charge of assets.
