The requirements for obtaining an unsecured business loan in Gold Coast of between $5K and $100K is fairly low.
Need more funds? Find out the eligibility requirements for our $100K to $500K company loans.
All you need to get started is your contact details (the name of your company, your name, email and telephone) along with the amount you’d like to borrow as well as your monthly income.
Through the process and before settlement we’ll need confirmation of your identity, but not before we can begin:
Once we’ve started, for loans of more than $150,000 you will also require the following financial statements:
Let’s get started now.
Gold Coast unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months and cash flow-friendly repayments which can be made daily or weekly.
The application to get 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 reference an interest rate per annum plus other fees and charges. The business loan is a loan that is priced upfront which means you know ahead of time the total amount to be paid, including any interest, fees or charges. Then, it is broken down into either weekly or daily installment amount.
It is a Small Business Loan can be used for almost every business purpose including managing cash flows, company improvements, advertising for purchasing inventory or new equipment, or as general working capital and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger loan size to support business growth opportunities. Loans range between $100,000 and $500,000 over a fixed term for up to 36 months. The repayments are made weekly or fortnightly, depending on the flow of cash.
It is important to note that the Larger Business Loan has an Origination Fee, calculated at 2.5% of the amount of the loan.
To be eligible for a loan of this size the business needs to have been operating for a minimum of 3 years with an annual turnover of at least $700K. Your company must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.
A larger business loan can be used for almost every company purpose including company renovations, purchase of inventory or new equipment as well as for general working capital and so much more. The loan is not available to fund personal expenses.
Asset security is necessary for accessing funds over $150,000. This is by taking a charge against assets and can include registering this in the PPSR or making as a caveat.
A personal or director’s guarantee is a promise to repay a loan which is generally in nature rather than specifying the security of a specific asset. The person who is signing the ensure is personally liable if the company borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including goods or assets). The PPSR allows the priority of personal property granted according to the date a security interest has been registered.
Caveats are legal document that is filed to provide the public notice of a legal claim against a property.
If you’re seeking a Larger Business Loan of more than $250K, we may offer an initial pre-approval that will help make the process. We may be able to make this decision without a credit verification and within 6 hours of your initial application. The pre-approval process is based on an initial evaluation that involves answering a couple of financial health questions. This is in no way an offer, nor is it a guarantee of funds. The approval of a conditional loan is subject to a full credit assessment and any offer that you are offered could be subject to different conditions.
You may be eligible for a company loan if you;
The application process is fast and easy. Complete the online form in few minutes and an experienced company loan specialist will contact you to help you.
To be eligible for up to $100,000, you’ll require identification details (valid Driver’s License) along with a valid NZBN/IRD and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K – $250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K-$500K: Information on the application including credit consent and 12 months of bank records, IRD statements and the last two years’ finalised financial statements, in addition to interim financials for the current financial year including Aged Payables, Aged Receivables reports.
For an unsecured loan ($5K to $100K) we typically offer a response in one hour if you make your application at quality company timings and allow us to utilise the bank verification system link to instantly verify your bank information online. If you decide to submit copies of your bank statements , we are able to offer the decision in as little as an business day.
If you are applying for a Larger Business Loan ($100K to $500K) we may be able to offer you with pre-approval conditional to your application in about 6 hours. After you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval, however this could be shorter based on the particular circumstances of each application. Some transactions have received approval in just 24 hours.
The fastest way for you to apply is make sure you apply during standard business hours. Also, let us use the advance bank verification to instantly check your bank’s information online. If you choose to send us copies of your bank statements it may take a bit longer.
For the Small Business Loan ($5K and up) we can often provide an answer within an hour – as long as you submit your request at standard business timings and allow us to use the advanced bank verification system to instantly verify your bank details online. If you decide to upload copies of your banking statements we can offer a decision within the span of one business day.
For Larger Business Loans ($100K to $500K) We may be in a position to provide you with 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 can be faster depending on the specifics of each application. Certain transactions have received approval within the space of 24 hours.
The fastest method is to ensure you apply during normal business hours. Also, allow us to use the advance bank verification link to check your bank’s information online. If you send us documents from your account statements it can take a bit longer.
We offer loans that range from $5,000 and $500,000. If you apply for a specific amount we look at a variety of elements for determining what is the health of the company and the amount of repayments your company can support. The amount you receive from the loan will be determined by the particular circumstances the company.
When you submit an application for a particular amount, we consider a variety of elements to determine how much we can lend you such as health of the company and the level of payments your company will be able to support. The total amount of your loan will depend on the specific circumstances the company.
If you decide to request the business credit, we will assess the risk profile that you have for your business and provide an individualised offer including the loan amount, the terms and the interest rates. This business loan is a loan that is priced upfront so you will know in advance the total amount payable including any interest rates, fees or charges.
Interest rates for business loans rates vary due to factors such as the amount that is borrowed, what company assets the money will be used for, the industry the business is operating in, how long the business has been running and in the event that the company has enough cash flow to fund the loan, as well as the overall well-being or creditworthiness of the company.
There are no hidden fees for our business loans. You’ll be aware of the amount it is that you be required to pay and at what time, from the first day. There’s no compounding interest, and there are no additional charges (as as long as you pay your payments on time).
We do not charge an application fee. You are able to request a credit loan no cost upfront 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% of the amount of the loan.
You may choose to pay back all of your advance loan at any time.
If you do decide to pursue this option, please contact our helpful company loans professionals. The professionals will provide you with the details of your repayment and an early payment figure. It will be calculated using the total of the remaining principal amount and accrued interest to the date of early payout in addition to 1.5 percent of the principal amount remaining and any outstanding fees.
To ensure you do not miss due dates and also to be in line your cash flow schedule, we provide repayments either weekly or daily. They are automatically deducted from your designated company account.
Security of your data, and knowing how we collect data, process, exchange and safeguard your data, is vital and an integral part of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our dedication to protecting the security of clients and privacy. We use an advanced bank verification system to immediately verify the bank account details online to offer rapid response.
The term "asset-based" refers to borrowing where an company owner uses an asset that they own to obtain the funding. The asset can be either a personal asset like the family home or it could be a business property like a truck or other piece of machinery.
The majority of the lenders including the largest banks, are inclined to make loans secured by an asset. If you have trouble paying back the loan, then the asset could be sold by the lender. In essence, it’s an opportunity to secure additional financing using the value of what you already have.
For loans that exceed $150K, it is not necessary to secure assets in advance to gain access to the funds, however we do need the personal guarantee. So long as you comply with your loan commitments (as detailed in your loan contract) Asset security will never be needed. For loans that exceed $150K, typically, you will need the option of a personal guarantee and security that is in the form a charge over assets.
