Services in Gaven
- Gaven Unsecured Business Loan
- Gaven Business Finance
- Business Lending Gaven
- Gaven Business Loans
- Gaven Small Business Finance
- Gaven Business Funding
- Gaven Working Capital
- Small Business Lending Gaven
- Gaven Short Term Business Loans
The criteria for eligibility for an unsecured business loan in Gold Coast of between $5K and $100K are fairly minimal.
Need more funds? Check out the conditions of eligibility for our $100K-$500K business financing.
All that’s required to begin is your contact details (company name, your name, email, phone), how much you’d like to lend, and your monthly revenue.
While in the process and before settlement we’ll need confirmation of your identity, but not before we can begin:
Once we’ve started in the process, for loans over $150,000 you will also require basic financial statements.
Let’s get started.
Gold Coast unsecured loans offers the range of $5,000 to $100,000 with terms between 3 and 24 months. They also offer cash flow-friendly repayments that are either per day or weekly.
The application to get your Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive an immediate response, and have the funds on your account within 24 hours. Traditional company loans refer to an interest rate per annum plus other fees and charges. Our business loan is a pre-paid loan and you’ll know ahead of time the total amount due, which includes the interest, fees and charges. This is then broken down into either a daily or weekly installment amount.
It is a Small Business Loan can be used for almost any business need, such as the management of cash flow, business improvements, advertising, to purchase inventory or new equipment, as general working capital and much more. The loan is not available 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 for a fixed period of up to 36 months. Repayments are either weekly or fortnightly depending on your cash flow.
A Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the loan amount.
To qualify for a loan of this size, your business needs to be trading for at least 3 years and generate an annual revenue of at least $700,000. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A larger company loan can be used for nearly every business need, including company renovations, to purchase equipment or inventory as well as for general working capital, and much more. The loan cannot be used for personal purposes.
Asset security is required for accessing funds over $150,000. It is usually by way of charge on assets, and may include the registration of this through the PPSR or registering a caveat.
A director’s or personal guarantee is a commitment to repay a loan which is general in nature rather than defining security over a particular asset. The person signing the ensure is personally liable in the event that the business borrower is unable to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It lists security interests that are registered in respect of personal property (including objects or assets). The PPSR allows prioritisation over property that is personal to be granted according to the date a registration of a security interest.
An affidavit is an official document that is filed to provide the public notice of a legal claim to a property.
If you’re seeking larger company loans that is greater than $250K, we may offer an initial pre-approval in order to ease the process. We could be able to do this without a credit check and within 6 hours of your initial application. This pre-approval is based on an initial evaluation that involves you answering some financial health questions. It is not an offer or guarantee of finance. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer that you are offered could be based on different conditions.
You may be eligible for an business loan if you:
The process for applying is fast and easy. Simply complete the online form within a few minutes and an experienced business expert in lending will call you to guide you through the process.
To apply for up to $100,000 you’ll need identification details (valid Driver’s Licence) as well as an active NZBN/IRD, and at least six months of bank statements.
For larger loan sizes, you’ll require:
$100K-$250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if credit is over $150K).
$250K – $500K: Details for application including credit consent as well as 12 months of bank statements, IRD statement, last 2 years finalised financial statements, in addition to interim financials for the current financial year, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K or more) We can usually provide an answer in just one hour, provided you submit your request at standard business time and allow us to utilise the advanced bank verification system to instantly verify your bank details online. If you choose to upload copies of your banking statements we can offer an answer in as little as an business day.
For Larger Business Loans ($100K to $500K) we may be in a position to provide you with pre-approval conditional to your application within about six hours. After you’ve 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. Some deals have been approved in just 24 hours.
The most efficient method for you to apply is make sure you apply during standard company hours and let us use the advance bank verification link to check your bank’s information online. If you choose to upload duplicates of your banking accounts, it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often offer a response in one hour – provided you submit your request in standard business hours and permit us to utilise the advanced bank verification system to instantly verify your bank details online. If you choose to submit copies of your bank statements, we’ll be able to offer a decision within the span of one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we might be likely to offer you with conditional pre-approval within six hours. After you’ve signed the pre-approval form, it will take around 2-3 days for final approval. However, this can be faster depending upon the circumstances for each application. Some deals have been approved within less than 24 hours.
The fastest way would be to make sure you apply during normal business hours. You can also permit us to use the modern bank verification link to check your bank’s information online. If you upload the copies of bank accounts, it can take a bit longer.
We provide loan amounts between $5,000 to $500,000. When you submit an application for a specific amount we will consider a number of aspects for determining your well-being for your company and the extent of payments your company can afford. The amount you receive from your loan will depend on the specifics for your business.
If you apply for a certain amount, we look at a range of elements to determine your well-being of your business as well as the amount of the repayments your business can support. The amount you receive from the loan will be determined by the particular circumstances of your business.
If you decide to apply for business loans with us business credit, we’ll assess the risk profile that you have for your company and provide you with a tailored offer including the loan amount, the terms and interest rates. A business loan is an upfront priced loan therefore you will be aware in advance of the total amount due, which includes any charges or interest.
Business loan interest rates depend on several factors including the amount borrowed, what company assets the money are used to purchase, the industry the business operates in, the long the company has been in operation, whether the business has sufficient cash flow to fund the loan, and general well-being as well as creditworthiness company.
There are no hidden fees with our business loans. You’ll know precisely what you be required to pay, and when, starting from day one. There’s no compounding interest and the loan comes with no additional fees (as long as you make your payments on time).
We don’t charge an application fee. You are able to make an application for loans with without any upfront costs or the obligation to take action.
The Origination Fee includes the expenses associated in establishing and managing the loan. It is only charged for this cost if you take out the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.
You can repay the total amount of your loan early at any time.
If you decide to do this please speak to our friendly business lending experts. They will provide you with repayment details as well as an early payout amount. This is calculated as the total of the principal balance and any accrued interest at the time of early payment plus 1.5% of the principal amount remaining and any outstanding fees.
To help you avoid missing payment dates and to align with your cash flow general, we provide repayments either weekly or daily. These are automatically withdrawn from your company account.
Security of your data, and being clear about the ways we gather, use, exchange and safeguard your data, is vital and is an essential element of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to protecting the security of customers and security. We use an advanced bank verification system to instantly verify the bank account details online. This allows us to offer rapid response.
The term "asset-based" refers to borrowing where an business owner utilises an asset they own to get the funding. The asset can be an individual asset, such as the family home, or an company asset such as a truck as well as a piece of machine.
The majority of banks, not just the big banks, tend to make loans secured by an asset. If you have trouble paying back the loan, your asset may be sold by the lender. In essence, it is the process of securing new financing taking advantage of the value of what you already have.
Up to $150K in loans it is not necessary to secure assets prior to the loan’s access, however we require a personal guarantee. require the personal guarantee. If you adhere to the loan terms (as stated in your loan contract) and you are able to meet your obligations, asset security will never be needed. For loans that exceed $150,000, generally, there is personal guarantee and security in the form of the charge of assets.
