The eligibility requirements for an unsecured business loan in Gold Coast of between $5K and $100K is fairly low.
Need more funds? Review the guidelines for eligibility for our $100K-$500K company loans.
All you need to begin is your contact information (the name of your company, your name, email or phone number), how much you’d like to lend, and your monthly revenue.
Through the process and before settlement we will require confirmation of who you are, but not before we can begin:
After we start with loans greater than $150,000 you’ll also need basic financial statements.
Let’s get started now.
Gold Coast unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow friendly repayments that are either per day or weekly.
Apply for the 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 in your account within 24 hours. Traditional company loans reference an annual rate of interest along with other charges and fees. Our company loan is an upfront priced loan therefore you’ll know in advance the amount you will have to pay, including any fees, interest or charges. Then, it is divided into weekly or daily repayment figure.
It is a Small Business Loan can be used for almost any company need, such as managing cash flows, business improvements, advertising to purchase inventory, new equipment, as general working capital and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size loan to aid in business expansion opportunities. Loans range between $100,000 and $500,000 with a fixed-term with a maximum of 36 months. Repayments are weekly or fortnightly, depending on your situation.
The Larger Business Loan has an Origination Fee that is calculated at 2.5% of the loan amount.
In order to be eligible for a loan in this amount, your company needs to be trading for at least 3 years, and have an annual income of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.
A Larger Business Loan can be used for almost all company purpose including company improvements, purchasing inventory or new equipment, as general working capital and much more. The loan cannot be used for personal purposes.
Asset security is needed for funding of more than $150,000. It is usually as a result of an charge over assets, and could be registered in the PPSR or registering as a caveat.
A director’s or personal guarantee is a commitment to repay a loan which is general in nature, rather than defining security over a particular asset. The person who is signing the guarantee is personally liable in the event that the business borrower is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including objects or assets). The PPSR gives priority over personal property to be assigned depending on the date that a security interest that is registered.
Caveats are legal document that is filed to provide the legal claim to a property.
If you’re applying for a Larger Business Loan of $250K or more it’s possible to offer an initial pre-approval to simplify the process. It is possible to do this without a credit check and within six hours of your initial application. The pre-approval is based upon an initial evaluation that involves the answer to a series of financial health checks. It’s in no way an offer, nor is it a guarantee of funds. Unconditional approval is subject to a full credit assessment and any offer that you may receive may 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 in few minutes and an experienced business loan specialist will call you to assist you.
To apply for up to $100,000, you’ll need identification details (valid Driver’s License) and a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K – $250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K-$500K: Application details including credit consent and 12 months of bank statements, IRD statement and the last two years’ finalised financial statements, as well as interim financials from the current financial year, Aged Payables and Aged Receivables summary.
For an unsecured loan ($5K up to $100,000) we usually offer an answer within an hour if you submit your request in quality company timings and permit us to use the advanced bank verification system link to instantly verify your bank information online. If you opt to upload copies of your banking statements we can offer a decision in just an company day.
For Larger Business Loans ($100K up to $500,000) we may be in a position to provide you with a conditional pre-approval in around six hours. Once you have signed the pre-approval form, it will take around 2-3 days for final approval, however this can be quicker based on the particular circumstances of each application. Certain transactions have received approval in the space of 24 hours.
The quickest way to apply can be ensure you apply during standard business hours and allow us to use the advance bank verification to instantly verify your bank account information online. If you choose to send us the copies of bank statements , it can take a bit longer.
For the Small Business Loan ($5K to $100K) we typically provide an answer within one hour, provided you submit your request during normal business hours and permit us to use 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 offer an answer in just an business day.
If you are applying for Larger Business Loans ($100K and up) we may be likely to offer you with pre-approval conditional to your application within six hours. Once you have signed the pre-approval, turnaround times are between 2 and 3 days for the final approval, however this could be shorter based upon the circumstances for each application. Certain transactions have received approval in 24 hours.
The quickest method for you to apply is ensure you apply during normal business hours and permit us to use the sophisticated bank verification to verify your bank account information online. If you upload the copies of bank statements, it can take a bit longer.
We provide loans ranging from $5,000 and $500,000. When you make an application for a specific amount we look at a variety of elements for determining what is the health of the business and the amount of payments your business is able to afford. The amount you receive from your loan will be contingent on the particular circumstances the company.
When you apply for a specific amount we look at a range of factors to determine the well-being of your company and the extent of repayments your business can support. The total amount of your loan will be determined by the particular circumstances the company.
If you decide to make an application for business loans with us company financing, we will assess the risk assessment that you have for your business and provide you with a tailored offer that includes loan amount, term and the interest rates. The company loan is an upfront priced loan and you’ll know the exact amount to be paid, including any costs, fees, or interest rates.
Business loan interest rates differ based on various factors such as the amount that is of money borrowed, the business assets the money are used to purchase, the industry the business operates in, the long the business has been operating as well as in the event that the business has sufficient cash flow to fund the loan, and general well-being or creditworthiness of the business.
There are no hidden fees with our company loans, and you’ll know exactly how much it is that you need to pay, and when, from the very 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 are able to make an application for loans with no upfront cost or commitment to apply.
The Origination Fee is the cost associated with setting up and managing the loan. It is only charged for this fee if you proceed with the loan. The Origination Fee for us is 2.5% of the loan amount.
You can choose to repay the total amount of your loan in full at any time.
If you choose to do this please talk to one of our helpful business loans specialists. They will provide you with details on repayment along with an early payout estimate. This will be calculated as the sum of the principal amount remaining and accrued interest to the time of early payment plus 1.5% of the principal amount remaining and any outstanding fees.
To ensure you do not miss payments and to work with your cash flow cycle we provide payments that are either weekly or daily. These are automatically withdrawn from your designated company account.
The security of your personal information, as well as being transparent 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 employ industry-recognised encryption standards to secure your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our dedication to protecting the security of customers and privacy. We make use of an advanced banking verification system to instantly verify your bank account details online to provide a fast response.
The term "asset-based" refers to borrowing where the company owner uses an asset that they own to get the funding. The asset may be an individual asset, such as the family home or it could be a company asset like a truck or other piece of machinery.
The vast majority of lenders, even the big banks, tend to make loans secured by an asset. If you’re having trouble paying back the loan, then the asset might be taken over by the lender. In essence it’s a way of securing new financing using the value of what you already have.
Up to $150,000 in loans there is no requirement for asset security before you are able to access the money but we require a personal guarantee. require the personal guarantee. So long as you comply with the loan terms (as detailed in your loan contract) the security of assets is not required. For loans of over $150K typically, you will need an individual guarantee and security in the form of the charge of assets.
