The eligibility requirements for an unsecured business loan in Gold Coast of between $5K and $100K are pretty minimal.
Looking for more funding? Review the guidelines for eligibility for our $100K to $500K company loan.
All that’s required for starting is your contact information (company name, your name, email, phone), how much you’d like to lend, and your monthly income.
In the course of the process and before settlement we’ll need confirmation of your identity but not before we can begin:
In addition, once we have started with loans of more than $150,000 you’ll need fundamental financial statements:
Let’s get started now.
Gold Coast unsecured loans offers amounts of between $5,000 and $100,000 with terms between 3 and 24 months, cash flow-friendly repayments, which are either daily or weekly.
Apply for the Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an instant response and the funds could be in your account within 24 hours. Traditional business loans are based on an annual interest rate as well as other fees and charges. Our company loan is a loan that is priced upfront therefore you’ll be aware in advance of the amount you will have to pay, including the interest, fees and charges. This is then broken down into either weekly or daily installment amount.
The Small Business Loan can be used for almost every business purpose including managing cash flows, company renovations, marketing to purchase inventory or new equipment, to fund 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 company growth opportunities. Loans range between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are scheduled weekly or fortnightly, depending on your cash flow.
It is important to note that the Larger Business Loan has an Origination Fee, determined at 2.5 percent of the amount of the loan.
To qualify for a loan in this amount, your business needs to be operating for a minimum of 3 years and have an annual turnover of $700,000. The applicant must also 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 large company loan can be used for nearly any company use, including company renovations, to purchase equipment or inventory, as general working capital and much more. The loan is not available to fund personal expenses.
Asset security is needed for funding of more than $150,000. This is as a result of an charge on assets and can be registered on the PPSR or registering a caveat.
A personal or director’s guarantee is a guarantee to pay back a loan that is general in nature, rather than stating the security for a particular asset. The person signing the ensure is personally liable in the event that the business lender is not able to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including goods or assets). The PPSR grants the priority of personal property granted according to the date a security interest that is registered.
A caveat is a legal form of document to provide an official notice of a claim against a property.
If you’re applying for larger company loans that exceeds $250K 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 is based upon a preliminary assessment which includes the answer to a series of financial well-being questions. It’s not an offer of credit or guarantee of credit. Acceptance without condition is subject to a full credit assessment and any offer you receive could be subject to different conditions.
You may apply for a business loan if you:
The application process is fast and easy. Complete the online form in just a few minutes, and a dedicated business loan specialist will be in touch to guide you through the process.
To apply for up to $100,000 you’ll need proof of identity (valid Driver’s License) as well as an active NZBN/IRD, and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K to $250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if credit is over $150K).
$250K-$500K: Details of the application, including credit consent twelve month bank accounts, the IRD statement and the last two years’ finalised financial statements, and interim financials from the current financial year, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K to $100K) we typically offer a response in one hour – as long as you submit your request during standard company hours and permit us to use the advanced bank verification system to instantly verify your bank information online. If you want to upload copies of your banking statements , we will be able to offer an answer in as little as 1 business day.
For the Larger Business Loan ($100K or more) we may be likely to offer the conditional pre-approval within 6 hours. Once you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this can be quicker based on the circumstances of each application. Certain agreements have been approved within 24 hours.
The most effective method can be make sure you apply during normal business hours and allow us to use our advanced bank verification system link to verify your bank information online. If you choose to send us documents from your account statement, it will take a little longer.
For the Small Business Loan ($5K up to $100,000) We can usually provide an answer within an hour if you submit your request during normal business time and let us make use of the advanced bank verification system link to immediately verify your bank account information online. If you opt to send us copies of your bank statements we can offer a decision in just an business day.
If you are applying for Larger Business Loans ($100K up to $500,000) We may be able to offer the conditional pre-approval in around six hours. Once you’ve signed your pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this may be quicker depending on the particular circumstances of each application. Certain transactions have received approval in 24 hours.
The quickest method for you to apply is ensure you apply during standard business hours, and permit us to use the advance bank verification to instantly verify your bank information online. If you opt to send us duplicates of your banking statement, it can take a bit longer.
We provide loans ranging from $5,000 and $500,000. If you apply for a particular amount, we take into consideration a range of variables in order to assess the well-being for your company and the level of the repayments your company can afford. The amount you receive from the loan will be determined by the specific circumstances the company.
If you apply for a particular amount, we look at a range of factors to determine your health that is your business as well as the amount of the repayments your company is able to afford. The amount you receive from the loan will be determined by the particular circumstances the company.
When you request our company loans, we will assess the risk profile that you have for your business and offer an individualised offer, including loan amount, term and the interest rates. It is a business loan is a loan that is priced upfront therefore you will know the exact amount you will have to pay, including charges, interest rates or fees.
Business loan interest rates depend on a variety of factors like the amount of money borrowed, the company assets the funds are used to purchase, the industry the company is in, how long the business is in operation as well as how long the business has sufficient cash flow to pay for the loan, as well as the overall health or creditworthiness of the company.
There are no hidden costs for our company loans, and you’ll know exactly how much you be required to pay, and when, starting from the first day. There’s no compounding and no extra fees (as long as you make your payments in time).
We don’t charge an application fee. You can get a cash loan no cost upfront or any obligation to sign up.
The Origination Fee covers the costs associated with the setting up and management of the loan. The only way to pay this cost if you take out the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.
You can repay the total amount of your loan at any point in time.
If you decide to do this please call our helpful business credit professionals. We will offer you with repayment details and an early payout figure. It will be calculated using the sum of the remaining principal amount and the accrued interest up to the date of early payout plus 1.5 percent of the remaining principal and any fees that remain unpaid.
In order to help you avoid missing due dates and also to be in line with your cash flow cycle we provide repayments either weekly or daily. They are automatically deducted from your designated company account.
Making sure that your information is secure, and knowing how we collect data, process, exchange and safeguard your data, is vital and a vital part of our relationship you.
Yes. We use industry recognised encryption techniques to protect your sensitive, personal financial information and our funders are ISO 27001 qualified for our dedication to the security of our customers as well as their privacy. We make use of an advanced bank verification system that allows you to instantly verify your bank account details online, allowing us to offer an immediate response.
An asset-based loan is when an company owner uses assets they own to obtain the funding. The asset can be either an individual property, such as the family home or an company asset such as a vehicle or other piece of machinery.
The majority of banks, even the big banks, tend to guarantee loans against an asset. If you are having difficulty paying back the loan then the asset might be taken over by the lender. In essence it is the process of securing new financing using the worth of the asset you already have.
For loans of up to $150,000, the requirement for asset security is not required before you can access the money However, we do require the personal guarantee. If you adhere to the loan terms (as stated in the loan contract) and you are able to meet your obligations, asset security is not required. For loans over $150,000 generally there is a personal ensure and security is provided in the form of the charge of assets.
