The requirements for obtaining an unsecured business loan in Gold Coast of between $5K to $100K are quite minimal.
Need more funds? Take a look at the eligibility requirements for our $100K-$500K company financing.
All that is needed for starting is your contact information (the name of your company, your name, email, phone) and the amount you’d like to borrow, and your monthly revenue.
While in the process and before settlement we will require confirmation of who you are, but not to get started:
Once we’ve started when it comes to loans over $150,000 you’ll need fundamental financial statements:
Let’s get started now.
Gold Coast unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow-friendly repayments, which are either daily or weekly.
Apply to get this Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get a same day response and funds may be in your account within 24 hours. Traditional company loans reference an interest rate per annum as well as other fees and charges. Our company loan is an upfront priced loan and you’ll be aware in advance of the total amount due, which includes the interest, fees and charges. This is then divided into weekly or daily amount to be paid back.
A Small Business Loan can be used to fulfill almost any business reason, such as control of cash flow business improvements, advertising, to purchase inventory or new equipment, for general working capital and much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger amount of loan to help company expansion opportunities. The loan ranges from $100,000 to $500,000 with a term fixed up to 36 months. Repayments are either weekly or fortnightly to work with your cash flow.
The Larger Business Loan has an Origination Fee that is calculated at 2.5 percent of the loan amount.
To be eligible for a loan in this amount, your business needs to be trading for at least 3 years and have an annual turnover of $700,000. You must be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.
A large company loan can be used for almost any business reason, such as business remodeling, buying new equipment or inventory for general working capital, and much more. The loan cannot be used for personal purposes.
Asset security is required to access funding over $150,000. It is usually in the form of a charge on assets, and could include registering this on the PPSR or the registration of a caveat.
A director’s or personal guarantee is a commitment to repay credit that is generally based rather than stating the security of a specific asset. The person who is signing the ensure is personally responsible if the business creditor is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It reflects security interests registered in respect of personal property (including objects or assets). The PPSR allows preference over private property granted in accordance with the date on which a registration of a security interest.
An affidavit is an official document filed to offer an official notice of a claim on a property.
When you’re applying for larger business loans that exceeds $250,000 we may be able to provide an initial pre-approval in order to make the process. We may be able to do this without a credit check and within 6 hours of the initial application. The pre-approval process is based on a preliminary assessment which includes you answering a few financial well-being questions. This is neither an offer nor a guarantee of financing. A conditional approval is subject an assessment of your creditworthiness and any offer that you are offered could have different conditions.
You are eligible to apply for an company loan if you
The process for applying is fast and simple. Just complete the online application within a few minutes and an experienced company expert in lending will be in touch to guide you through the process.
To be eligible for up to $100,000 you’ll require identification details (valid Driver’s Licence) along with an NZBN/IRD that is valid and at least six months of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K to $250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K to $500K: Application details including credit consent as well as 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, and interim financials for the current financial year, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K or more) we usually provide an answer within one hour, provided you make your application in quality company time and allow us to utilise the bank verification system link to immediately verify your bank account information online. If you want to send us copies of your bank statements , we are able to provide the decision in as little as 1 company day.
For the Larger Business Loan ($100K up to $500,000) we might be able to provide you with conditional pre-approval within about 6 hours. After you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval, however it could be faster based on the particular circumstances of each application. Some deals have been approved in just 24 hours.
The fastest way is to ensure you apply during normal business hours. You can also let us use the advanced bank verification system link to verify your bank account information online. If you decide to upload copies of your bank statements it may take a bit longer.
For the Small Business Loan ($5K and up) we usually offer an answer within an hour, provided you make your application at normal business times and allow us to make use of the advanced bank verification system to instantly verify your bank information online. If you decide to upload copies of your bank statement, we’ll offer the decision within 1 business day.
For Larger Business Loans ($100K or more) We may be likely to provide you with pre-approval conditional to your application in about 6 hours. Once you have signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval, however it could be faster based on the circumstances of each application. Some offers have been approved in just 24 hours.
The fastest method for you to apply is make sure you apply during normal business hours. You can also let us use the sophisticated bank verification to instantly verify your bank information online. If you opt to send us duplicates of your banking statement, it may take a bit longer.
We offer loans ranging from $5,000 to $500,000. If you apply for a specific amount we will consider a number of elements for determining what is the well-being that is your company and the level of the repayments your company can afford. The amount you receive from your loan will be contingent on the specific circumstances for your company.
When you submit an application for a set amount, we look at a range of variables to determine your well-being that is your company and the extent of repayments your company is able to afford. The total amount of the loan will be determined by the particulars the business.
When you make an application for business loans with us business financing, we will assess the risk assessment the company and provide an individualised proposal that includes loan amount, term and interest rates. It is a business loan is an upfront priced loan which means you know in advance the total amount due, which includes any interest rates, fees or charges.
Business loan interest rates depend on a variety of factors including the amount of money borrowed, the business assets the funds will be used for, the industry the business operates in, how long the business has been operating for, how long the business has enough cash flow to cover the loan, and the general health and creditworthiness of the business.
There aren’t any hidden charges for our business loans, and you’ll know precisely what you need to pay, and at what time, from day one. There’s not any compounding interest and no additional fees (as long as you make your payments in time).
We don’t charge an application fee. You can get a cash loan with with no upfront cost or the obligation to take action.
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 choose to proceed with the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.
You may choose to pay back the entire amount of the loan in full at any time.
If you choose to take this route, please speak to our friendly business loan experts. The professionals will offer you with details for repayment and an early payout figure. This will be calculated as the total of the principal remaining and any accrued interest at the time of early payout plus 1.5% of the principal balance and any fees that remain unpaid.
To help you avoid missing payment dates and to align your cash flow schedule, we offer repayments that are either weekly or daily. They will be automatically deducted from your nominated business account.
The security of your personal information, as well as being clear about how we collect data, process, exchange and ensure the security of your information is of paramount importance and a vital part of our relationship you.
Yes. We utilise industry-recognised encryption standards to secure your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our dedication to the security of our customers as well as their security. We employ a highly sophisticated bank verification system to instantly verify the bank account details online so we can offer a fast response.
Asset-based borrowing occurs when a company owner borrows from the assets they have to make the loan. The asset can be either an asset belonging to the personal, like the family home or it could be a business asset like a truck or piece of equipment.
The majority of lenders, not just the big banks, tend to secure loans against an asset. If you’re having trouble paying back the loan, your assets could be offered for sale by the lender. In essence, it is means of securing new funding using the worth of the asset you already own.
For loans that exceed $150,000, there is no requirement for asset security before you can access the money, however we do need the personal guarantee. If you adhere to your loan obligations (as specified in your loan contract document) the security of assets will never be needed. For loans over $150,000 generally, there is personal guarantee and security in the form a charge over assets.
