The criteria for eligibility for an unsecured business loan in Gold Coast of between $5K and $100K are pretty minimal.
Looking for more funding? Review the eligibility requirements for our $100K-$500K business credit.
All that’s needed for starting is your contact details (company name, your name, email and telephone) and 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 before we can begin:
After we start with loans of more than $150,000 you will also need basic financial statements.
Let’s get started.
Gold Coast unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.
Apply to get this Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive a same day response and the funds could be available in just 24 hours. Traditional company loans refer to an interest rate per annum as well as other fees and charges. We offer a company 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 either weekly or daily repayment figure.
A Small Business Loan can be used for nearly every company purpose including managing cash flows, business remodeling, 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 loan size to support business growth opportunities. Loans range from $100,000 to $500,000 over a fixed term up to 36 months. Repayments are either weekly or fortnightly, depending on the flow of cash.
This Larger Business Loan has an Origination Fee that is determined at 2.5 percentage of the loan amount.
To qualify for a loan in this amount, your business 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 least 12 months of trading.
A large company loan is a great option for almost every business purpose including business improvements, purchasing new equipment or inventory as well as for general working capital and so much more. The loan cannot be used for personal reasons.
Asset security is needed to access funding over $150,000. This is in the form of a charge on assets and can include registering this with the PPSR or registering as a caveat.
A director’s or personal ensure is a guarantee to repay credit that is general in nature rather than stating the security of a specific asset. The person who is signing the ensure is personally responsible if the business creditor is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It contains security interests granted to individuals who own personal property (including goods or assets). The PPSR allows prioritisation over property that is personal to be assigned in accordance with the date on which a security interest has been registered.
The caveat can be described as a formal document that is filed to offer an official notice of a claim to a property.
If you’re applying for the Larger Business Loan that is greater than $250K we may be able to provide an initial pre-approval that will help ease the process. We may be able to get this done without a credit check, and within 6 hours of the initial application. This pre-approval is based on an initial assessment that includes you answering a few financial well-being checks. It is not an offer of credit or guarantee of funds. The approval of a conditional loan is subject to a full credit assessment and any offer you are offered could be subject to different conditions.
You are eligible to apply for an business loan if you;
The application process is fast and easy. Complete the online form in just a few minutes, and an experienced business expert in lending will be in touch to guide you through the process.
For a loan of up to $100,000 you’ll require identification details (valid Driver’s Licence) along with an active NZBN/IRD, and at least six months worth of bank statements.
For larger loan sizes, you’ll need:
$100K to $250K: Details of application, including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Details for application including credit consent, 12 month bank accounts, the IRD statements Last 2 years’ finalised financial statements, and interim financials for the current financial year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K to $100K) we typically offer an answer within an hour if you make your application in standard business hours and permit us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you want to upload copies of your bank statement, we’ll offer a decision within just one business day.
For the Larger Business Loan ($100K or more) we may be in a position to provide you with pre-approval conditional to your application within six hours. Once you have signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this can be quicker based on the circumstances of each application. Certain offers have been approved in less than 24 hours.
The fastest way can be make sure you apply during standard company hours. You can also let us use the advance bank verification to instantly confirm your bank details online. If you opt to send us the copies of bank statements , it takes a bit longer.
For the Small Business Loan ($5K and up) We can usually offer an answer within one hour if you make your application during standard business times and let us use the bank verification system to instantly verify your bank details online. If you opt to upload copies of your bank statements we can provide the decision within an business day.
For Larger Business Loans ($100K or more) We may be capable of provide you with pre-approval conditional to your application within about six hours. Once you have signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval, however this could be shorter based on the specifics of each application. Certain deals have been approved within less than 24 hours.
The fastest way is to ensure you apply during normal business hours. You can also permit us to use the sophisticated bank verification link to confirm your bank details online. If you decide to upload the copies of bank statements, it will take a little longer.
We provide loans that range from $5,000 and $500,000. When you submit an application for a certain amount we consider a variety of factors to determine what is the well-being of the company as well as the amount of repayments your business can afford. The total amount of your loan will depend on the specifics the business.
If you apply for a particular amount, we consider a variety of aspects to determine how much we can lend you such as health that is your company and the level of repayments your company is able to afford. The total amount of your loan will be determined by the specifics for your business.
When you make an application for business loans with us company loans, we’ll assess the risk assessment for your company and provide an individualised offer including the amount of the loan, the duration and interest rates. It is a company loan is an upfront-priced loan and you’ll know the exact amount to be paid, including any charges, interest rates or fees.
Interest rates for business loans rates vary due to factors like the amount of money borrowed, what business assets the funds will be used for and the sector the business operates in, how long the business is in operation as well as whether the company has sufficient cash flow to support the loan, and the general health and creditworthiness of the business.
There aren’t any hidden costs with our company loans. You’ll know precisely how much you’ll need to pay, and when, right from day one. There’s no compounding interest, and the loan comes with no additional fees (as long as you are able to make your payments on time).
We do not charge an Application Fee. You can get a cash loan absolutely no upfront cost and no the obligation to take action.
The Origination Fee covers the expenses involved with the setting up and management of the loan. This is only a cost if you take out the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You may choose to pay back the total amount of your loan in full at any time.
If you do decide to do this please call our helpful business loans experts. The experts will offer you with the details of your repayment along with an early payout estimate. It will be calculated using the sum of the principal balance and the accrued interest up to the time of early payout in addition to 1.5% of the principal remaining and any fees that remain unpaid.
To help you avoid missing due dates and also to be in line your cash flow schedule, we provide payments that are either weekly or daily. They will be automatically deducted from your business account.
Security of your data, and making it clear how we collect, use, exchange 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 sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to customer security and privacy. We utilise a sophisticated banking verification system to immediately confirm your bank account information online so we can offer a fast response.
Asset-based borrowing is when a business owner makes use of an asset they own to make the funding. The asset could be an asset belonging to the personal, like the family home or an business asset such as a vehicle as well as a piece of machine.
The vast majority of lenders, not just the major banks, prefer to secure loans against an asset. If you’re struggling to pay back the loan then the asset could be offered for sale by the lender. In essence it’s an opportunity to secure new funding using the value of what you already have.
For loans that exceed $150,000, there is no requirement for asset security prior to the loan’s access but we do require the personal guarantee. If you adhere to the terms of your loan (as detailed in the loan contract) Asset security is not needed. For loans of over $150K generally there is a personal guarantee and security is provided in the form of an asset charge.
