The eligibility requirements for an unsecured business loan in Gold Coast of between $5K to $100K are quite minimal.
Looking for more funding? Check out the eligibility requirements for our $100K-$500K company credit.
All that’s needed to begin is your contact information (company name and your name, as well as email and phone) and the amount you’d like to borrow and your monthly revenue.
Through 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 that exceed $150,000, you’ll require fundamental financial statements:
Let’s get started.
Gold Coast unsecured loans provides amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow-friendly repayments that are either daily or weekly.
It is imaginable to apply for this Small Business Loan in under 10 minutes on the phone. You’ll receive an answer within the same day and the money could be available in just 24 hours. Traditional company loans have an annual interest rate plus other fees and charges. Our company loan is an upfront priced loan therefore you’ll know ahead of time the total amount payable including any interest, fees or charges. This is then broken down into either weekly or daily amount to be paid back.
A Small Business Loan can be used for virtually every business purpose including cash flow management, company renovations, marketing to purchase inventory or new equipment, as 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 company growth opportunities. Loans range between $100,000 and $500,000 for a fixed period of for up to 36 months. Repayments are scheduled weekly or fortnightly depending on your situation.
It is important to note that 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 of this size, your business needs to have been operating for at least three years with an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.
A larger company loan can be used to fund almost all company need, including company renovations, purchase of inventory or new equipment or as general working capital, and much more. The loan cannot be used for personal reasons.
Asset security is required for funding of more than $150,000. This is in the form of a charge over assets and can include registration on the PPSR or making a caveat.
A director’s or personal ensure is a promise to pay off a credit line that is general in nature rather than specifying security over an asset. The person who signs the ensure is personally responsible if the business creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It contains security interests that are registered for personal property (including goods or assets). The PPSR allows priority over personal property to be granted in accordance with the date on which a registration of a security interest.
A caveat is a legal document that is filed to provide the public notice of a legal claim to a property.
If you’re seeking the Larger Business Loan that is greater than $250K, we may offer an initial pre-approval in order to simplify the process. We might be able to do this without a credit check, and within 6 hours of the initial application. This pre-approval is made based on a preliminary assessment which includes you answering a few financial well-being checks. This is not an offer or guarantee of finance. The approval of a conditional loan is subject to a full credit assessment and any offer you might receive could be on different conditions.
You may be eligible for an company loan if you;
The application process is simple and easy. Just complete the online application within a few minutes and a dedicated business loan specialist will be in touch to guide you.
To apply for up to $100,000, you’ll require the right identification documents (valid Driver’s License), a valid NZBN/IRD and at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K – $250K: Details of application, including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K to $500K: Application details including credit consent as well as 12 months of bank records, IRD statement and the last two years’ finalised financial statements, and interim financials for the current financial year including Aged Payables, Aged Receivables reports.
For an unsecured loan ($5K and up) we usually offer an answer within an hour if you submit your request in quality company time and permit us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you choose to send us copies of your bank statement, we’ll offer the decision in as little as 1 company day.
For Larger Business Loans ($100K or more) we may be able to provide you with conditional pre-approval within 6 hours. Once you’ve signed the pre-approval document, you will require to wait around 2-3 days for final approval. However, this can be quicker based on the specifics of each application. Some deals have been approved within 24 hours.
The quickest method can be make sure you apply during standard business hours. You can also allow us to use our modern bank verification link to instantly verify your bank account information online. If you opt to upload copies of your bank statements , it can take a bit longer.
For the Small Business Loan ($5K or more) we usually offer an answer in just one hour, provided you apply during normal business times and let us utilise the advanced bank verification system link to instantly verify your bank details online. If you opt to upload copies of your bank statements, we’ll be able to offer the decision within the span of one business day.
For the Larger Business Loans ($100K and up) We may be able to offer you with conditional pre-approval in around 6 hours. Once you’ve signed your pre-approval form, it will take between 2 and 3 days for the final approval, however this may be quicker depending on the circumstances of each application. Some agreements have been approved within 24 hours.
The fastest method can be make sure you apply during normal business hours and allow us to use the modern bank verification to confirm your bank details online. If you opt to upload the copies of bank statement, it will take a little longer.
We provide loans ranging from $5,000 and $500,000. When you make an application for a particular amount, we will consider a number of variables for determining the well-being that is your company and the level of repayments that your business can afford. The total amount of your loan will be contingent on the specific circumstances of your business.
When you submit an application for a specific amount we consider a variety of factors to assess how much we can lend you such as well-being of the business and the amount of repayments your company is able to afford. The amount you receive from your loan will be determined by the specifics the company.
If you decide to request one of our company loans, we’ll assess the risk assessment the business and offer you with a customised offer including the loan amount, the terms and interest rates. This company loan is a loan that is priced upfront so you will know the exact amount due, which includes any charges or interest.
Interest rates for company loans rates depend on a variety of factors including the amount borrowed, what business assets the money are used to purchase and the sector the business is in, how long the business has been in operation as well as in the event that the company has enough cash flow to pay for the loan, and the overall health as well as creditworthiness business.
There are no hidden costs with our company loans. You’ll know precisely how much you’ll need to pay and when, from the day you sign up. There’s not any compounding interest and there are no additional charges (as as you make your payments on time).
We do not charge an Application Fee. You can get a cash loan with no cost upfront or any obligation to sign up.
The Origination Fee covers the costs associated with the setting up and management of the loan. The only way to pay this fee if you decide to take the loan. The Origination Fee for us is 2.5% of the loan amount.
You can repay all of your loan in full at any time.
If you do decide to pursue this option, please speak to our friendly business loans experts. We will offer you with details on repayment and an early payout figure. This is calculated as the total of the principal remaining plus any accrued interest as of the date of early payout, plus 1.5% of the principal remaining and any fees that remain unpaid.
In order to help you avoid missing due dates and also to be in line your cash flow cycle we provide payments that are either weekly or daily. These are automatically withdrawn from your designated company account.
Protecting your information, and making it clear how we collect data, process, exchange and secure your information, is of paramount importance and is an essential element of our relationship with you.
Yes. We use industry recognised encryption standards to secure your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our dedication to customer security and security. We make use of an advanced banking verification system to immediately verify your bank account information online to offer rapid response.
An asset-based loan is when a company owner makes use of assets they own to obtain the loan. The asset could be a personal asset like the family home or an business property like a truck or piece or equipment.
The vast majority of lenders, not just the major banks, prefer to secure loans against an asset. If you have trouble paying back the loan then the asset might be sold by the lender. In essence, it’s the process of securing new financing by using the worth of the asset you already have.
For loans that exceed $150,000, no asset security is required upfront to access the money, however we do require an individual guarantee. In the event that you fulfill your loan obligations (as detailed in your loan contract), asset security is not needed. For loans over $150K generally, you are able to get the option of a personal guarantee and security that is in the form the charge of assets.
