The eligibility requirements for an unsecured business loan in Gold Coast of between $5K and $100K are fairly minimal.
Need more funds? Take a look at the conditions of eligibility for our $100K-$500K company credit.
All that is needed to begin is your contact information (company name, your name, email, phone) and the amount you want to borrow, and your monthly earnings.
While in the process and before settlement we will require confirmation of who you are, but not before we can begin:
After we start in the process, for loans greater than $150,000 you’ll also require fundamental financial statements:
Let’s get started.
Gold Coast unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 months, cash flow friendly repayments that are either per day or weekly.
Apply for this Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get a same day response and have the funds on your account within 24 hours. Traditional business loans are based on an annual interest rate as well as other fees and charges. Our company loan is a pre-paid loan therefore you’ll know ahead of time the total amount to be paid, including any fees, interest or charges. This is then broken down into either weekly or daily repayment figure.
The Small Business Loan can be used for nearly any business use, including control of cash flow business remodels and marketing, to purchase inventory or new equipment, or as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger loan size to support company expansion opportunities. Loans range from $100,000 to $500,000 with a term fixed that can last up to 36 months. Repayments are either weekly or fortnightly in order to accommodate the flow of cash.
The Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the amount of the loan.
To be eligible for a credit that is this large the business needs to be in operation for at least 3 years and generate an annual revenue of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A large company loan can be used to fund almost any business reason, such as company improvements, purchasing new equipment or inventory as well as for general working capital, and much more. The loan is not available for personal reasons.
Asset security is needed to access funding over $150,000. This can be done in the form of a charge against assets, and may be registered with the PPSR or the registration of as a caveat.
A director’s or personal ensure is a commitment to repay credit that is general in nature rather than stipulating 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 operated by the New Zealand Government. It contains security interests registered in respect of personal property (including objects or assets). The PPSR allows priority over personal property to be granted according to the date a security interest was registered.
An affidavit is an official form of document to offer an official notice of a claim on a property.
If you’re requesting the Larger Business Loan that exceeds $250,000 we may be able to provide an initial pre-approval that will help smooth out the process. We could be able to apply for this without credit checks and within six hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering a few financial health checks. It’s not an offer of credit or guarantee of financing. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer you might receive could be on different terms.
You can apply for an business loan if you
The application process is simple and easy. Just complete the online application within a couple minutes, and a dedicated company credit specialist will be in touch to help you.
For a loan of up to $100,000 you’ll need proof of identity (valid Driver’s Licence), a valid NZBN/IRD as well as at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K – $250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Information on the application including credit consent and 12 month bank accounts, the IRD statements and the last two years’ finalised financial statements, as well as interim financials for the current financial year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K and up) we usually offer a response in one hour – as long as you make your application within quality company times and allow us to utilise the advanced bank verification system to instantly verify your bank details online. If you decide to upload copies of your bank statements , we are able to provide a decision in just one business day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we could be likely to provide you with a conditional pre-approval in around six hours. After you’ve signed your pre-approval, turnaround times are about 2-3 days for final approval. However, this may be quicker depending upon the circumstances for each application. Some transactions have received approval within just 24 hours.
The most efficient method is to ensure you apply during standard company hours, and let us use the advanced bank verification system link to check your bank’s information online. If you send us documents from your account statements , it will take a little longer.
For the Small Business Loan ($5K and up) we typically provide an answer within one hour if you apply within standard business times and allow us to use the bank verification system link to instantly verify your bank details online. If you opt to submit copies of your bank statements we can provide a decision in just one business day.
If you are applying for Larger Business Loans ($100K to $500K) we may be likely to provide you with a conditional pre-approval in around six hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval, however this may be quicker depending on the specifics of each application. Certain transactions have received approval in the space of 24 hours.
The quickest method for you to apply is ensure you apply during standard business hours. Also, allow us to use our advanced bank verification system to instantly confirm your bank details online. If you send us documents from your account statement, it may take a bit longer.
We offer the loan amount between $5,000 and $500,000. When you submit an application for a specific amount we look at a variety of elements in order to assess how much we can lend you health of the business and the amount of payments your company will be able to support. The total amount of your loan will depend on the specific circumstances that are unique to your business.
When you submit an application for a particular amount, we consider a variety of aspects to determine your well-being that is your business and the level of repayments that your company can support. The amount you receive from your loan will be contingent on the particular circumstances the company.
If you decide to request business loans with us company credit, we’ll assess the risk profile the business and provide an individualised proposal that includes the amount of loan, the term and interest rates. A company loan is an upfront cost loan so you will know in advance the total amount to be paid, including any charges or interest.
The interest rates on company loans rates vary due to variables like the amount to be that is borrowed, what company assets the funds will be used for, the industry the company is in, how long the company is in operation as well as what percentage of the company has sufficient cash flow to cover the loan, and the general health as well as creditworthiness company.
There aren’t any hidden charges with our business loans, and you’ll know precisely how much you need to pay, and when, right from the very first day. There’s no compounding and no extra fees (as as long as you pay your payments on time).
We do not charge an Application Fee. You are able to make an application for loans without any upfront costs or any obligation to sign up.
The Origination Fee covers the expenses involved with the setting up and management of the loan. This is only a fee if you decide to take the loan. Our Origination Fee is 2.5% of the loan amount.
You can decide to repay the entire amount of your advance loan at any time.
If you choose to do this please talk to one of our helpful company lending experts. They’ll offer you with details on repayment and an early payment figure. It will be calculated using the total of the principal balance and the accrued interest up to the time of early payout and 1.5 percent of the principal remaining and any fees that remain unpaid.
To help you avoid missing payments and to work with your cash flow standard, we provide repayments either weekly or daily. These are automatically deducted from your company account.
Protecting your information, and being clear about the ways we gather, use, exchange and protect your information, is of huge importance and a vital part of our relationship with you.
Yes. We employ industry-recognised encryption standards to secure your personal, sensitive and financial data and our funders are ISO 27001 certified for our commitment to the security of our customers as well as their privacy. We utilise a sophisticated banking verification system to instantly verify the bank account details online so we can provide rapid response.
Asset-based borrowing occurs when an business owner makes use of assets they own to secure a loan. The asset can be an individual asset, such as the family home or it could be a company property like a truck or other piece of machinery.
The vast majority of lending institutions, not just the banks with the biggest size, prefer to guarantee loans against an asset. If you have trouble paying back the loan, then the asset might be taken over by the lender. In essence, it’s means of securing new funding taking advantage of the value of what you already have.
Up to $150K in loans it is not necessary to secure assets before you can access the money but we require a personal guarantee. need an individual guarantee. So long as you comply with the loan terms (as specified in the loan contract), asset security will never be required. For loans of over $150K typically, you will need personal ensure and security in the form of the charge of assets.
