The eligibility requirements for an unsecured business loan in Gold Coast of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Take a look at the eligibility requirements for our $100K to $500K business financing.
All that is needed to get started is your contact details (the name of your company, your name, email and telephone) and the amount you’d like to lend, and your monthly earnings.
In the course of the process and before settlement we will require confirmation of who you are, but not before we can begin:
Once we’ve started, for loans of more than $150,000 you’ll need basic financial statements:
Let’s get started now.
Gold Coast unsecured loans provides amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months and cash flow-friendly repayments that are either daily or weekly.
The application for your Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an answer within the same day and funds may be in your account in 24 hours. Traditional company loans refer to an annual interest rate along with other charges and fees. Our business loan is a pre-paid loan and you’ll be aware of the total amount to be paid, including any fees, interest or charges. This is then broken down into weekly or daily repayment figure.
A Small Business Loan can be used to fulfill almost every business need, such as the management of cash flow, company remodeling, marketing to purchase inventory, new equipment, for general working capital and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans range from $100,000 to $500,000 with a term fixed up to 36 months. The repayments are made weekly or fortnightly in order to accommodate your situation.
A Larger Business Loan has an Origination Fee that is determined at 2.5 percent of the amount of the loan.
In order to be eligible for a loan in this amount the business needs to be trading for at least 3 years with an annual turnover of at least $700,000. You must be a New Zealand Citizen (or Permanent Resident) at least 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.
A large business loan can be used to fund almost all business use, including company renovations, purchase of inventory or new equipment for general working capital and so much more. The loan is not available for personal reasons.
Asset security is necessary for funding of more than $150,000. It’s in the form of a charge against assets, and could include the registration of this in the PPSR or making a caveat.
A director’s or personal guarantee is a guarantee to repay a loan which is generally based rather than specifying the security of a specific asset. The person who signs the ensure is personally liable 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 gives the priority of personal property assigned according to the date the security interest has been registered.
Caveats are legal document filed to offer the public notice of a legal claim against a property.
When you’re applying for an enterprise loan that exceeds $250K we may be able to provide an initial pre-approval that will help smooth out the process. It is possible to apply for this without a credit check and within six hours of your initial application. The pre-approval process is based on a preliminary assessment which includes you answering some financial well-being questions. This is not an offer of credit or guarantee of credit. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you may receive may be subject to different terms.
You are eligible to apply for an company loan if you:
The application process is simple and easy. Just fill out the online application within a few minutes and a dedicated company loan specialist will contact you to guide you through the process.
To be eligible for up to $100,000 you’ll require proof of identity (valid Driver’s Licence) and a valid NZBN/IRD and at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K-$250K: Application requirements, including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K – $500K: Information on the application including credit consent twelve months of bank records, IRD statements as well as the two most recent years’ financial statements, plus interim current financial year financials such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K to $100K) we usually provide an answer within one hour if you apply at quality company time and allow us to utilise the bank verification system to instantly verify your bank information online. If you want to upload copies of your bank statements , we are able to offer a decision in as little as the span of one company day.
For the Larger Business Loan ($100K or more) we may be in a position to offer you with pre-approval conditional to your application within about six hours. After you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this could be shorter based on the particular circumstances of each application. Some agreements have been approved within the space of 24 hours.
The fastest way is to make sure you apply during standard business hours, and allow us to use the modern bank verification link to instantly verify your bank account information online. If you send us documents from your account statement, it takes a bit longer.
For the Small Business Loan ($5K or more) we typically offer an answer in just one hour, provided you apply at standard business timings and allow us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you opt to upload copies of your banking statement, we’ll offer a decision within the span of one business day.
For the Larger Business Loans ($100K to $500K) we could be likely to offer you with pre-approval conditional to your application within about six hours. Once you have signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this could be shorter based on the particular circumstances of each application. Certain offers have been approved within 24 hours.
The most effective method would be to ensure you apply during standard business hours. You can also allow us to use the sophisticated bank verification link to instantly verify your bank account information online. If you choose to send us documents from your account accounts, it may take a bit longer.
We offer loan amounts between $5,000 and $500,000. When you submit an application for a certain amount we look at a variety of factors to determine your well-being for your company and the level of payments your company can afford. The amount you receive from your loan will be contingent on the specifics of your company.
When you submit an application for a specific amount we will consider a number of elements to determine the health for your business as well as the amount of payments your business will be able to support. The total amount of the loan will be determined by the particulars for your business.
If you decide to request our business loan, we will assess the risk assessment for your business and provide you with a customised offer, including loan amount, term and interest rates. The company loan is an upfront cost loan so you will know the exact amount due, which includes any charges or interest.
Business loan interest rates depend on a variety of factors including the amount borrowed, what company assets the money will be used for as well as the field the company operates in, the long the company has been operating, how long the company has enough cash flow to fund the loan, as well as the general health and creditworthiness of the company.
There are no hidden fees for our business loans, and you’ll be aware of the amount you need to pay and at what time, from the day you sign up. There’s no compounding and there are no additional charges (as as you make your payments on time).
We don’t charge an Application Fee. You are able to get a cash loan without any upfront costs or commitment to apply.
The Origination Fee covers the expenses involved with setting up and managing the loan. The only way to pay this fee if you proceed with the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You can choose to repay the entire amount of the loan early at any time.
If you decide to pursue this option, please talk to one of our helpful business loans specialists. We will offer you with repayment details as well as an early payout amount. This will be calculated as the sum of the remaining principal amount plus any accrued interest as of the time of early payout, plus 1.5% of the principal balance plus any outstanding fees.
To ensure that you don’t miss repayments and to fit in your cash flow cycle we provide payments that are either daily or weekly. These are automatically deducted from the nominated business account.
Protecting your information, and making it clear how we collect the information we collect, use, share and ensure the security of your information is of paramount importance and is a crucial element of our relationship with you.
Yes. We make use of industry-standard encryption standards to protect your personal, sensitive financial information and our funders are ISO 27001 certified for our commitment to security for our clients and privacy. We use an advanced banking verification system to immediately verify the bank account details online so we can offer an immediate response.
The term "asset-based" refers to borrowing where the business owner makes use of an asset they own to get a loan. The asset may be an individual property, such as the family home, or it could be a 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 are having difficulty paying back the loan then the asset might be sold by the lender. In essence it is means of securing new funding taking advantage of the value of what you already have.
For loans that exceed $150,000, the requirement for asset security is not required before you are able to access the money but we do need a personal guarantee. In the event that you fulfill the loan terms (as specified in your loan contract document) and you are able to meet your obligations, asset security will never be needed. For loans over $150K typically, you will need an individual ensure and security in the form of charges on assets.
