The requirements for obtaining an unsecured business loan in Gold Coast of between $5K and $100K is fairly low.
Need more funds? Check out the eligibility requirements for our $100K-$500K company loan.
All you need to get started is your contact details (the name of your company, your name, email address and telephone), how much you’d like to borrow and your monthly income.
While in the process and before settlement we’ll require confirmation of who you are but not before we can begin:
Additionally after we get started, for loans greater than $150,000 you’ll need basic financial statements:
Let’s get started.
Gold Coast unsecured loans offers amounts between $5,000 and $100,000. Terms range from 3 and 24 months and cash flow friendly repayments that are either daily or weekly.
You can apply to get the Small Business Loan in under 10 minutes on the internet or by phone. You will receive a same day response and the funds could be in your account within 24 hours. Traditional business loans have an annual rate of interest plus other fees and charges. The business loan is a cash-based loan which means you be aware of the total amount to be paid, including any fees, interest or charges. Then, it is broken down into either weekly or daily amount to be paid back.
A Small Business Loan can be used for virtually every business use, including control of cash flow company remodeling, marketing for purchasing inventory or new equipment, for general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger loan size to support business growth opportunities. The loan ranges from $100,000 to $500,000 over a fixed term that can last up to 36 months. The repayments are made weekly or fortnightly to work with you cashflow.
This Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the amount of the loan.
To be eligible for a credit in this amount, your company needs to be trading for at least 3 years and generate an annual revenue of at least $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.
A Business Loan of a larger size can be used for almost every business use, including business renovations, purchase of equipment or inventory, as general working capital and so much more. The loan cannot be used to fund personal expenses.
Asset security is required to access funding over $150,000. This is by way of charge over assets, and could include registration through the PPSR or the registration of a caveat.
A personal or director’s guarantee is a promise to repay a loan which is generally based rather than stipulating the security for a particular asset. The person who is signing the guarantee is personally liable in the event that the business the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It lists security interests that are that are registered for personal property (including goods or assets). The PPSR permits priority over personal property to be granted depending on the date that a security interest that is registered.
The caveat can be described as a formal document lodged to offer notice of a legal claim to a property.
If you’re applying for the Larger Business Loan that is greater than $250K we can offer a preliminary pre-approval to help simplify the process. We could be able to make this decision without a credit check, and within 6 hours of your initial application. The pre-approval process is based on a preliminary assessment which includes answering a couple of financial well-being questions. It is not an offer or guarantee of funds. Acceptance without condition is subject to an extensive credit evaluation and any offer that you might receive could have different terms.
You can apply for an company loan if you:
The application process is simple and easy. Complete the online form in just a few minutes, and an experienced company loan specialist will be in touch to guide you through the process.
For a loan of up to $100,000, you’ll require the right identification documents (valid Driver’s License), an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K – $250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K – $500K: Application details including credit consent, 12 months of bank records, IRD statement, last 2 years finalised financial statements, as well as interim financials from the current financial year such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K and up) we can often offer an answer within one hour – as long as you submit your request within standard company timings and allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you decide to upload copies of your bank statements we can provide a decision within an company day.
For the Larger Business Loan ($100K up to $500,000) we may be able to offer the conditional pre-approval in around 6 hours. Once you have signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, this may be quicker depending on the particular circumstances of each application. Certain offers have been approved within the space of 24 hours.
The most effective method is to ensure you apply during standard business hours, and allow us to use our modern bank verification to confirm your bank details online. If you opt to send us documents from your account accounts, it will take a little longer.
For the Small Business Loan ($5K or more) we can often offer a response in one hour if you apply within normal business times and you allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you decide to upload copies of your banking statements we can offer a decision in as little as one business day.
For Larger Business Loans ($100K and up) we might be in a position to offer the conditional pre-approval within about 6 hours. After you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however this may be quicker depending on the specifics of each application. Some agreements have been approved within the space of 24 hours.
The fastest way for you to apply is ensure you apply during standard business hours and let us use the advance bank verification link to check your bank’s information online. If you send us the copies of bank statement, it can take a bit longer.
We offer loans ranging from $5,000 to $500,000. When you make an application for a certain amount we take into consideration a range of elements for determining your well-being of the company as well as the amount of the repayments your business will be able to support. The total amount of your loan will depend on the specific circumstances for your company.
When you apply for a particular amount, we look at a range of aspects to determine your health that is your business and the level of repayments that your company can afford. The total amount of your loan will be contingent on the particulars of your business.
If you decide to make an application for business loans with us business loans, we’ll assess the risk profile for your business and provide you with a tailored offer that includes the amount of loan, the term and the interest rates. A business loan is an upfront-priced loan so you will be aware of the total amount you will have to pay, including charges or interest.
Business loan interest rates vary due to factors like the amount of money of money borrowed, the company assets the money will be used for, the industry the business operates in, the long the business has been running, whether the business 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 know precisely what it is that you be required to pay and when, right from day one. There’s not any compounding interest and no additional fees (as as long as you pay your payments in time).
We do not charge an Application Fee. You can request a credit loan with absolutely no upfront cost and no commitment to apply.
The Origination Fee is the cost associated with establishing and managing the loan. This is only a fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You may choose to pay back the total amount of your loan at any point in time.
If you do decide to do this please contact our helpful business loan professionals. They’ll provide you with repayment details and an early payout figure. The figure will be calculated as the sum of the principal balance plus any accrued interest as of the time of the early payout plus 1.5 percent of the remaining principal plus any outstanding fees.
To help you avoid missing due dates and also to be in line your cash flow schedule, we offer repayments either daily or weekly. These are automatically withdrawn from the nominated company account.
Security of your data, and making it clear how we collect the information we collect, use, share and ensure the security of your information is of huge importance and is a crucial part of our relationship with you.
Yes. We make use of industry-standard encryption standards to protect your sensitive, personal financial information and our funders are ISO 27001 certified for our dedication to the security of our customers as well as their security. We make use of an advanced bank verification system to instantly verify the bank account details online to offer rapid response.
Asset-based borrowing is when an company owner makes use of an asset they own to get the funds for a loan. The asset may be an individual asset, such as the family home, or a business asset such as a truck or piece of equipment.
The vast majority of banks, including the major banks, prefer to guarantee loans against assets. If you are having difficulty paying back the loan, the asset could be offered for sale 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, the requirement for asset security is not required upfront to access the money but we require a personal guarantee. need an individual guarantee. If you adhere to the terms of your loan (as stipulated in your loan contract) the security of assets will never be required. For loans of over $150K generally there is the option of a personal ensure and security is provided in the form of the charge of assets.
