The requirements for getting an unsecured business loan in Gold Coast of between $5K to $100K are quite minimal.
Are you looking for additional funding? Take a look at the guidelines for eligibility for our $100K to $500K business financing.
All you need to get started is your contact details (the name of your company, your name, email, phone) and the amount you’d like to borrow and your monthly earnings.
In the course of the process and before settlement we will require confirmation of who you are but not to get started:
Additionally after we get started when it comes to loans that exceed $150,000, you will also need basic financial statements:
Let’s get started.
Gold Coast unsecured loans provides the range of $5,000 to $100,000. Terms range from 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.
It is possible to apply to your Small Business Loan in under 10 minutes online or over the phone, receive an instant response and the money could be available in just 24 hours. Traditional business loans reference an annual interest rate plus other fees and charges. We offer a business loan is an upfront priced loan therefore you’ll know in advance the total amount payable including any interest, fees or charges. This is then broken down into either weekly or daily installment amount.
The Small Business Loan can be used for nearly every company reason, such as control of cash flow company remodeling, marketing to purchase inventory, new equipment, for general working capital and much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger loan size to support company growth opportunities. Loans range from $100,000 to $500,000 over a fixed term that can last up to 36 months. Repayments are scheduled weekly or fortnightly depending on you cashflow.
This 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 of this size the business needs to have been in operation for at least 3 years and generate an annual revenue of at least $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.
A Business Loan of a larger size can be used for almost all company use, including company renovations, to purchase equipment or inventory as well as for general working capital and so much more. The loan is not available for personal purposes.
Asset security is necessary to obtain funding above $150,000. It is usually as a result of an charge against assets, and could include registering this with the PPSR or making a caveat.
A personal or director’s guarantee is a promise to pay back a loan that is generally based rather than defining the security for a particular asset. The person signing the guarantee is personally liable in the event that the business the borrower fails to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It lists security interests that are which are registered with respect to personal property (including goods or assets). The PPSR permits priority over personal property to be granted depending on the date that a security interest was registered.
Caveats are legal document lodged to provide the public notice of a legal claim to a property.
If you’re seeking the Larger Business Loan of more than $250,000 we can offer an initial pre-approval to smooth out the process. We could be able to do this without a credit check, and within 6 hours of the initial application. This pre-approval is based on a preliminary assessment which includes you answering a few financial health checks. This is not an offer or guarantee of finance. A conditional approval is subject an exhaustive credit evaluation, and any offer that you receive could have different conditions.
You may apply for a business loan if you
The application process is fast and simple. Just fill out the online application within a few minutes and an experienced business credit specialist will be in touch to guide you through the process.
To apply for up to $100,000 you’ll require ID details (valid Driver’s Licence) along with a valid NZBN/IRD and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$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 months of bank records, IRD statements, last 2 years finalised financial statements, as well as interim financial statements for the current year as well as Aged Payables and Receivables summary.
For an unsecured loan ($5K to $100K) we can often offer an answer within an hour if you apply within standard business time 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 banking statements we can offer the decision within just 1 company day.
If you are applying for a Larger Business Loan ($100K and up) we may be capable of offer you with conditional pre-approval within about six hours. Once you’ve signed the pre-approval form, it will take around 2-3 days for final approval, however this could be shorter based on the specifics of each application. Some agreements have been approved within 24 hours.
The quickest way to apply would be to make sure you apply during standard business hours and allow us to use the advanced bank verification system to confirm your bank details online. If you opt to send us duplicates of your banking statements , it will take a little longer.
For the Small Business Loan ($5K and up) we can often provide an answer within an hour – provided you apply at standard business times and you allow us to utilise the advanced bank verification system to instantly verify your bank information online. If you decide to upload copies of your banking statements, we will be able to provide the decision in as little as the span of one business day.
For Larger Business Loans ($100K up to $500,000) we could be in a position to provide you with a conditional pre-approval within about six hours. Once you have signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, this could be shorter based on the specifics of each application. Some agreements have been approved within just 24 hours.
The fastest way can be ensure you apply during standard business hours, and permit us to use the sophisticated bank verification link to confirm your bank details online. If you send us copies of your bank statements, it takes a bit longer.
We offer loan amounts between $5,000 and $500,000. If you apply for a certain amount we consider a variety of factors to determine what is the well-being of the business and the level of repayments your business can afford. The amount you receive from the loan will be determined by the specific circumstances of your business.
When you make an application for a specific amount we take into consideration a variety of factors to determine the well-being of the company and the amount of payments your company can afford. The total amount of your loan will be determined by the particulars that are unique to your business.
When you apply for our company loan, we’ll assess the risk assessment that you have for your business and provide you with a customised offer including the amount of loan, the term and interest rates. A business loan is an upfront cost loan so you will be aware of the total amount you will have to pay, including costs, fees, or interest rates.
The interest rates on company loans rates depend on a variety of variables like the amount to be of money borrowed, the company assets the money are used to purchase and the sector the company is in, how long the company has been operating and whether the company has sufficient cash flow to fund the loan, and the general well-being or creditworthiness of the business.
There are no hidden costs for our business loans, and you’ll know exactly how much you need to pay and when, from the first day. There’s no compounding interest and no additional fees (as long as you make your payments in time).
We do not charge an application fee. You can apply for a loan without any upfront costs or commitment to apply.
The Origination Fee is the cost associated with the setting up and management of the loan. The only way to pay this fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You can repay the entire amount of your advance loan at any time.
If you choose to do this please talk to one of our helpful business credit professionals. They’ll offer you with repayment details and an early payment figure. The figure will be calculated as the sum of the principal amount remaining and any accrued interest at the time of early payment, plus 1.5% of the principal balance plus any outstanding fees.
To ensure you do not miss due dates and also to be in line with your cash flow routine, we provide repayments either weekly or daily. They are automatically deducted from your designated business account.
The security of your personal information, as well as knowing how we collect the information we collect, use, share and ensure the security of your information is of paramount importance and is a crucial part of our relationship with you.
Yes. We employ industry-recognised encryption protocols to safeguard your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our commitment to security for our customers and privacy. We employ a highly sophisticated bank verification system that allows you to instantly confirm your bank account information online, allowing us to provide rapid response.
The term "asset-based" refers to borrowing where an company owner utilises an asset that they own to make the loan. The asset can be an individual property, such as the family home, or it could be a business asset such as a truck or piece of equipment.
The vast majority of lending institutions, including the banks with the biggest size, prefer to guarantee loans against assets. If you’re struggling to pay back the loan, the asset might be taken over by the lender. In essence, it is a way of securing new funding using the value of what you already have.
Up to $150,000 in loans the requirement for asset security is not required upfront to access the money but we do require the personal guarantee. In the event that you fulfill the terms of your loan (as stipulated in your loan contract document) Asset security will never be needed. For loans of over $150K generally, you can get personal ensure and security in the form charges on assets.
