The requirements for obtaining an unsecured business loan in Gold Coast of between $5K and $100K is fairly low.
Need more funds? Review the eligibility requirements for our $100K to $500K business financing.
All that’s required to get started is your contact details (the name of your company, your name, email or phone number), how much you want to borrow, and your monthly revenue.
Through the process and before settlement we will need confirmation of who you are, but not before we can begin:
In addition, once we have started with loans over $150,000 you will also need basic financial statements:
Let’s get started now.
Gold Coast unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.
Apply to the Small Business Loan in under 10 minutes on the phone. You’ll receive an instant response and have the funds in your account within 24 hours. Traditional company loans have an annual interest rate plus other fees and charges. This company loan is a loan that is priced upfront and you’ll know in advance the total amount payable including any fees, interest or charges. This is then broken down into a daily or weekly amount to be paid back.
It is a Small Business Loan can be used for nearly any business reason, such as control of cash flow company remodels and marketing to purchase inventory, new equipment, or as general working capital, and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger amount of loan to help business growth opportunities. The loan ranges from $100,000 to $500,000 with a term fixed for up to 36 months. Repayments are scheduled weekly or fortnightly depending on you cashflow.
A Larger Business Loan has an Origination Fee, calculated at 2.5 percentage of the loan amount.
In order to be eligible for a loan in this amount, your business needs to be operating for at least three years and generate an annual revenue of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand business (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A large company loan can be used to fund almost every business need, including business renovations, to purchase equipment or inventory for general working capital, and much more. The loan cannot be used for personal use.
Asset security is required for accessing funds over $150,000. It’s in the form of a charge over assets and can include registering this in the PPSR or the registration of a caveat.
A director’s or personal ensure is a commitment to repay credit that is general in nature rather than defining the security of a specific asset. The person who is signing the guarantee is personally liable in the event that the business lender is not able to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including objects or assets). The PPSR grants priority over personal property to be granted according to the date a security interest that is registered.
Caveats are legal form of document to offer notice of a legal claim against a property.
When you’re applying for a Larger Business Loan that exceeds $250,000 we can offer an initial pre-approval to ease the process. We may be able to apply for this without a credit check and within 6 hours of the initial application. This pre-approval is made based on an initial assessment, which involves you answering some financial health checks. It is not an offer or guarantee of finance. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer you might receive could have different conditions.
You are eligible to apply for a business loan if you:
The process for applying is fast and simple. Simply complete the online form within a couple minutes, and an experienced company lending specialist will be in touch to assist you.
For a loan of up to $100,000, you’ll need proof of identity (valid Driver’s Licence), an NZBN/IRD that is valid and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K-$250K: Details of application, including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K – $500K: Details for application including credit consent as well as 12 months of bank records, IRD statement 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 can often provide a response in one hour if you apply in standard business hours and allow us to use the advanced bank verification system link to instantly verify your bank details online. If you want to send us copies of your bank statements we can provide a decision in as little as one business day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we might be likely to offer you with conditional pre-approval in around six hours. Once you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval, however this may be quicker depending on the circumstances of each application. Some deals have been approved within 24 hours.
The quickest method is to ensure you apply during standard business hours and let us use the advanced bank verification system link to instantly verify your bank information online. If you opt to upload the copies of bank statements it will take a little longer.
For the Small Business Loan ($5K up to $100,000) we typically offer an answer in just one hour, provided you submit your request in standard business hours and let us use the bank verification system to instantly verify your bank details online. If you choose to submit copies of your bank statements, we are able to offer the decision in as little as 1 business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we could be able to provide you with a conditional pre-approval within about 6 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 offers have been approved within less than 24 hours.
The most efficient method can be make sure you apply during normal business hours, and allow us to use our sophisticated bank verification to verify your bank information online. If you opt to upload documents from your account accounts, it may take a bit longer.
We provide loan amounts between $5,000 and $500,000. When you submit an application for a particular amount, we consider a variety of elements for determining the well-being that is your company as well as the amount of repayments that your business can support. The total amount of your loan will depend on the specific circumstances of your business.
When you apply for a set amount, we consider a variety of elements to determine the well-being for your company as well as the amount of payments your business will be able to support. The amount you receive from your loan will be determined by the specifics for your company.
If you decide to request one of our company financing, we’ll assess the risk assessment that you have for your business and provide an individualised offer, including the loan amount, the terms and interest rates. A business loan is an upfront cost loan so you will know in advance the total amount due, which includes any charges or interest.
Business loan interest rates differ based on various variables like the amount to be borrowed, the business assets the funds are used to purchase as well as the field the business operates in, how long the company has been in operation for, whether the business has enough cash flow to support the loan, and also the overall well-being or creditworthiness of the business.
There aren’t any hidden charges with our company loans, and you’ll be aware of the amount it is that you be required to pay and at what time, from the day you sign up. There’s no compounding interest and no additional fees (as as long as you pay your payments in time).
We don’t charge an Application Fee. You can get a cash loan with absolutely no upfront cost and no any obligation to sign up.
The Origination Fee is the cost associated with the setting up and management of the loan. It is only charged for this fee if you decide to take the loan. Our Origination Fee is 2.5% of the loan amount.
You can repay all of your loan at any point in time.
If you do decide to do this please contact our helpful company credit specialists. They’ll provide you with details for repayment and an early payment figure. This is calculated as the total of the remaining principal amount and the accrued interest up to the time of early payout, plus 1.5 percent of the principal balance as well as any outstanding fees.
In order to help you avoid missing due dates and also to be in line your cash flow schedule, we offer repayments that are either weekly or daily. They will be automatically deducted from your nominated company account.
Protecting your information, and knowing the ways we gather information, use it, and exchange it, as well as ensure the security of your information is of paramount importance and an integral aspect of our relationship with you.
Yes. We use industry recognised encryption techniques to protect your sensitive, personal financial information and our funders are ISO 27001 qualified for our commitment to the security of our clients as well as their security. We utilise a sophisticated bank verification system that allows you to instantly confirm your bank account information online, allowing us to provide rapid response.
Asset-based borrowing is when the business owner borrows from the assets they have to get the funds for a loan. The asset may be an individual asset, such as the family home or it could be a business asset such as a vehicle or piece or equipment.
The majority of banks, including the major banks, prefer to secure loans against an asset. If you are having difficulty paying back the loan, your assets could be taken over by the lender. In essence, it’s an opportunity to secure new funding making use of the value of what you already have.
For loans of up to $150,000, there is no requirement for asset security upfront to access the money However, we require a personal guarantee. need a personal guarantee. In the event that you fulfill the loan terms (as stipulated in your loan contract document) and you are able to meet your obligations, asset security will never be needed. For loans of over $150,000 typically, you will need a personal guarantee and security is provided in the form of the charge of assets.
