The requirements for getting an unsecured business loan in Gold Coast of between $5K and $100K is fairly low.
Need more funds? Find out the conditions of eligibility for our $100K to $500K company financing.
All that’s required for starting is your contact information (company name and your name, as well as email or phone number) as well as the amount you want to borrow, as well as your monthly income.
While in the process and before settlement we’ll require confirmation of who you are, however, not in order to begin:
Once we’ve started in the process, for loans of more than $150,000 you’ll also require the following financial statements:
Let’s get started now.
Gold Coast unsecured loans offers the range of $5,000 to $100,000. The terms range between 3 and 24 months, cash flow-friendly repayments, which are either daily or weekly.
Apply 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 the funds could be on your account within 24 hours. Traditional business loans reference an annual interest rate along with other charges and fees. This business loan is a cash-based loan therefore you’ll know ahead of time the amount you will have to pay, including any fees, charges or charges. Then, it is divided into a daily or weekly installment amount.
The Small Business Loan can be used for nearly any business use, including cash flow management, company renovations, marketing to purchase inventory, new equipment, to fund general working capital and so 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 are between $100,000 and $500,000 for a fixed period of with a maximum of 36 months. Repayments are weekly or fortnightly depending on the flow of cash.
A Larger Business Loan has an Origination Fee, calculated at 2.5% of the amount of the loan.
In order to be eligible for a loan of this size the business needs to have been trading for at least 3 years with an annual turnover of $700,000. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand company (with a valid NZBN/IRD) and be able of proving at minimum 12 months of business.
A larger company loan can be used for almost any business need, including company renovations, purchase of equipment or inventory as well as 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. This is in the form of a charge against assets, which could also be registered in the PPSR or registering a caveat.
A personal or director’s guarantee is a guarantee to repay credit that is generally based rather than stating the security of a specific asset. The person signing the guarantee is personally liable if the company the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It lists security interests that are registered in respect of personal property (including items or assets). The PPSR grants priority over personal property to be granted according to the date the security interest that is registered.
Caveats are legal document filed to provide the public notice of a legal claim against a property.
When you’re applying for the Larger Business Loan of $250K or more we may be able to provide an initial pre-approval to smooth out the process. We may be able to apply for this without a credit check, and within six hours of your initial application. The pre-approval is based upon an initial assessment, which involves you answering a few financial well-being checks. This is in no way an offer, nor is it a guarantee of financing. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you receive could be subject to different terms.
You may apply for a company loan if you;
The process for applying is fast and simple. Just fill out the online application within a few minutes and a dedicated business credit specialist will be in touch to help you.
To be eligible for up to $100,000, you’ll require the right identification documents (valid Driver’s Licence), a valid NZBN/IRD and at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K – $250K: Application requirements, including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Information on the application including credit consent, 12 month bank accounts, the IRD statements as well as the two most recent years’ financial statements, plus interim current financial year financials, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K and up) We can usually provide an answer within one hour, provided you apply during standard business times and let us use the advanced bank verification system link to instantly verify your bank information online. If you opt to submit copies of your bank statements , we’ll be able to provide the decision within just 1 company day.
For the Larger Business Loan ($100K or more) we may be in a position to provide you with conditional pre-approval in around 6 hours. Once you have signed the pre-approval, turnaround times are about 2-3 days for final approval. However, it could be faster based on the specifics of each application. Some offers have been approved in less than 24 hours.
The quickest way to apply can be make sure you apply during standard business hours, and let us use the modern bank verification link to instantly confirm your bank details online. If you upload the copies of bank statements it may take a bit longer.
For the Small Business Loan ($5K or more) we can often provide an answer within one hour, provided you apply during standard business timings and allow us to utilise the advanced bank verification system to instantly verify your bank’s information online. If you choose to submit copies of your bank statements we can provide an answer in as little as 1 business day.
For the Larger Business Loans ($100K up to $500,000) We may be able to provide the conditional pre-approval in around 6 hours. After you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval, however this can be faster depending on the particular circumstances of each application. Some transactions have received approval in just 24 hours.
The fastest method for you to apply is make sure you apply during normal business hours, and allow us to use our advance bank verification link to verify your bank information online. If you decide to send us the copies of bank statements it can take a bit longer.
We offer loans ranging from $5,000 to $500,000. If you apply for a certain amount we will consider a number of factors for determining the well-being of your company and the level of the repayments your company can support. The amount you receive from your loan will depend on the specifics that are unique to your business.
If you apply for a set amount, we look at a range of variables to assess how much we can lend you such as health of the business and the amount of repayments your business can support. The total amount of your loan will be contingent on the particular circumstances the business.
If you decide to apply for business loans with us business loan, we’ll assess the risk profile that you have for your business and offer an individualised proposal that includes loan amount, term and the interest rates. A company loan is an upfront priced loan so you will know in advance the total amount payable including any interest rates, fees or charges.
The interest rates on business loans rates depend on a variety of variables like the amount to be of money borrowed, the company assets the funds will be used for as well as the field the company operates in, how long the business has been in operation, how long the business has enough cash flow to cover the loan, as well as the overall well-being as well as creditworthiness company.
There aren’t any hidden costs with our company loans. You’ll be aware of the amount you’ll need to pay and when, from the day you sign up. There’s no compounding and the loan comes with no additional fees (as as long as you pay your payments punctually).
We don’t charge an Application Fee. You are able to apply for a loan with no cost upfront or commitment to apply.
The Origination Fee includes the expenses associated with the setting up and management of the loan. The only way to pay this cost if you take out the loan. The Origination Fee for us is 2.5% of the amount of the loan.
You can repay the total amount of your advance loan at any time.
If you do decide to pursue this option, please speak to our friendly business loan specialists. We will provide you with the details of your repayment along with an early payout estimate. This is calculated as the sum of the principal balance and accrued interest to the time of early payment, plus 1.5 percent of the principal balance and any outstanding fees.
To help you avoid missing repayments and to fit in with your cash flow cycle we provide repayments either daily or weekly. These are automatically withdrawn from your designated business account.
Protecting your information, and being clear about the ways we gather, use, exchange and secure your information, is of huge importance and is an essential aspect of our relationship with you.
Yes. We use industry recognised encryption standards to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our commitment to the security of our customers as well as their privacy. We use an advanced banking verification system to immediately verify your bank account information online so we can offer quick responses.
The term "asset-based" refers to borrowing where a business owner makes use of the assets they have to secure a loan. The asset may be an asset belonging to the personal, like the family home or it could be a business asset such as a vehicle or piece of equipment.
The vast majority of banks, not just the largest banks, are inclined to guarantee loans against assets. If you are having difficulty paying back the loan, then the asset could be taken over by the lender. In essence it is an opportunity to secure additional financing using the worth of the asset you already have.
Up to $150,000 in loans it is not necessary to secure assets in advance to gain access to the funds however, we do require a personal guarantee. So long as you comply with your loan commitments (as stated in your loan contract) and you are able to meet your obligations, asset security is not needed. For loans that exceed $150,000, generally there is an individual guarantee and security that is in the form the charge of assets.
