The requirements for obtaining an unsecured business loan in Gold Coast of between $5K and $100K are fairly minimal.
Do you need more money? Find out the conditions of eligibility for our $100K to $500K business loan.
All that is needed to start is your contact information (company name, your name, email address and telephone) and the amount you’d like to borrow and your monthly income.
During the process and before settlement we will require confirmation of your identity but not to get started:
In addition, once we have started when it comes to loans over $150,000 you’ll also need the following financial statements:
Let’s get started.
Gold Coast unsecured loans offers the range of $5,000 to $100,000. Terms range from 3 and 24 months. They also offer cash flow friendly repayments that are either daily or weekly.
You can apply for the Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an immediate response, and have the funds in your account within 24 hours. Traditional business loans are based on an interest rate per annum together with additional fees and charges. Our company loan is a cash-based loan so you will know in advance the total amount due, which includes any interest, fees or charges. Then, it is divided into weekly or daily payment amount.
A Small Business Loan can be used for nearly any business purpose including the management of cash flow, company remodeling, marketing, to purchase inventory or new equipment, as general working capital and so much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger amount of loan to help business expansion opportunities. Loans range from $100,000 to $500,000 with a term fixed that can last up to 36 months. Repayments are scheduled weekly or fortnightly, depending on you cashflow.
A Larger Business Loan has an Origination Fee that is calculated at 2.5% of the amount of the loan.
To qualify for a loan that is this large, your company needs to have been operating for at least three years, and have an annual income of $700K. You must be a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A Larger Business Loan can be used for nearly all company use, including business renovations, purchase of new equipment or inventory or as general working capital and so much more. The loan cannot be used for personal use.
Asset security is needed to access funding over $150,000. It is usually by taking a charge on assets, and could include registration with the PPSR or the registration of a caveat.
A director’s or personal ensure is a commitment to pay off a credit line that is general in nature, rather than specifying the security of a specific asset. The person who is signing the guarantee is personally liable in the event that the company borrower is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It reflects security interests that are registered for personal property (including objects or assets). The PPSR gives the priority of personal property granted according to the date the security interest was registered.
Caveats are legal form of document to offer the legal claim on a property.
If you’re seeking a Larger Business Loan that is greater than $250,000, we may offer an initial pre-approval to make the process. It is possible to get this done without a credit check, and within 6 hours of your initial application. This pre-approval is based on an initial assessment, which involves the answer to a series of financial well-being questions. This is not an offer or guarantee of credit. Unconditional approval is subject to a full credit assessment and any offer that you receive could be based on different terms.
You may be eligible for a business loan if you
The application process is fast and simple. Just fill out the online application within a few minutes and a dedicated company credit specialist will contact you to assist you.
For a loan of up to $100,000 you’ll require identification details (valid Driver’s Licence), a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll need:
$100K – $250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K-$500K: Details for application including credit consent as well as 12 months bank statement, an IRD statement as well as the two most recent years’ financial statements, as well as interim financials for the current financial year as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K up to $100,000) We can usually provide an answer within one hour – as long as you apply during standard company hours and permit us to utilise the bank verification system link to immediately verify your bank account information online. If you choose to submit copies of your bank statements , we are able to provide a decision within just an company day.
For Larger Business Loans ($100K or more) we might be in a position to offer the conditional pre-approval within six hours. After you’ve signed the pre-approval document, you will need to wait about 2-3 days for final approval. However, this could be shorter based on the specifics of each application. Certain agreements have been approved within just 24 hours.
The fastest way is to make sure you apply during normal company hours, and permit us to use the modern bank verification to verify your bank information online. If you choose to upload the copies of bank statements , it will take a little longer.
For the Small Business Loan ($5K and up) we typically offer an answer within an hour if you submit your request at normal business hours and let us use the bank verification system link to instantly verify your bank details online. If you opt to upload copies of your banking statement, we’ll provide the decision within an business day.
If you are applying for Larger Business Loans ($100K and up) we may be likely to offer you with a conditional pre-approval within six hours. After you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this could be shorter based on the circumstances of each application. Some offers have been approved within just 24 hours.
The most efficient method would be to make sure you apply during standard business hours and allow us to use the modern bank verification to check your bank’s information online. If you upload duplicates of your banking statement, it can take a bit longer.
We provide loan amounts between $5,000 to $500,000. When you make an application for a specific amount we take into consideration a range of aspects to determine how much we can lend you well-being for your company and the extent of repayments your business is able to afford. The total amount of your loan will depend on the specifics that are unique to your business.
When you make an application for a set amount, we will consider a number of variables to assess how much we can lend you such as well-being for your company and the level of payments your company will be able to support. The total amount of your loan will be contingent on the specific circumstances of your business.
If you decide to make an application for one of our business financing, we will assess the risk assessment that you have for your business and provide an individualised proposal that includes the amount of loan, the term and interest rates. This business loan is an upfront-priced loan and you’ll know in advance the total amount you will have to pay, including interest rates, fees or charges.
The interest rates on business loans rates depend on several factors including the amount that is borrowed, what business assets the funds will be used for, the industry the business operates in, how long the company has been running, whether the business has sufficient cash flow to fund the loan, and also the overall well-being or creditworthiness of the business.
There are no hidden costs for our company loans, and you’ll be aware of the amount you’ll need to pay and when, starting from the very first day. There’s no compounding interest, and no additional fees (as as you make your payments punctually).
We don’t charge an application fee. You can make an application for loans with without any upfront costs or any obligation to sign up.
The Origination Fee covers the expenses involved with the setting up and management of the loan. The only way to pay this fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You can choose to repay all of your loan in full at any time.
If you do decide to pursue this option, please talk to one of our helpful business loan experts. They’ll provide you with details for repayment and an early payout figure. This will be calculated as the total of the principal balance and any accrued interest at the date of early payout plus 1.5% of the remaining principal plus any outstanding fees.
In order to help you avoid missing payments and to work with your cash flow cycle we provide payments that are either weekly or daily. These are automatically withdrawn from the nominated company account.
Making sure that your information is secure, and being transparent about the ways we gather the information we collect, use, share and ensure the security of your information is crucial and a vital part of our relationship with you.
Yes. We employ industry-recognised encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 qualified for our commitment to security for our customers and security. We employ a highly sophisticated bank verification system to instantly verify your bank account details online to provide rapid response.
The term "asset-based" refers to borrowing where an business owner utilises an asset that they own to make the funding. The asset can be an individual asset, such as the family home, or a company asset such as a vehicle or piece or equipment.
The majority of lenders, not just the major banks, prefer to secure loans against an asset. If you are having difficulty paying back the loan then your asset may be sold by the lender. In essence it’s means of securing new financing by using the worth of the asset you already have.
Up to $150K in loans no asset security is required before you are able to access the money however, we require a personal guarantee. require an individual guarantee. So long as you comply with your loan commitments (as detailed in your loan contract) Asset security will never be needed. For loans over $150,000 generally, you are able to get an individual ensure and security that is in the form an asset charge.
