The requirements for getting an unsecured business loan in Gold Coast of between $5K and $100K is fairly low.
Do you require more money? Check out the eligibility requirements for our $100K to $500K company credit.
All that’s needed to get started is your contact details (the name of your company, your name, email and phone) along with the amount you’d like to borrow and your monthly income.
Through the process and before settlement we will require confirmation of who you are, but not before we can begin:
After we start, for loans that exceed $150,000, you’ll also need the following financial statements:
Let’s get started now.
Gold Coast unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow friendly repayments that are either per day or weekly.
The application for your Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive an instant response and have the funds on your account within 24 hours. Traditional business loans have an annual rate of interest together with additional fees and charges. Our company loan is a cash-based loan which means you know ahead of time the total amount to be paid, including any interest, fees or charges. Then, it is broken down into a daily or weekly payment amount.
The Small Business Loan can be used for nearly any business need, such as managing cash flows, company remodeling, marketing to purchase inventory, 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 loan size to support company expansion opportunities. Loans range between $100,000 and $500,000 for a fixed period of up to 36 months. Repayments are scheduled weekly or fortnightly to work with your situation.
It is crucial to note that the Larger Business Loan has an Origination Fee which is determined at 2.5% of the loan amount.
In order to be eligible for a loan in this amount, your business needs to be operating for a minimum of 3 years and generate an annual revenue of $700K. It is necessary to 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 demonstrate at the least 12 months of operating.
A larger company loan can be used to fund almost every company purpose including company improvements, purchasing new equipment or inventory, as general working capital, and much more. The loan is not available to fund personal expenses.
Asset security is necessary to obtain funding above $150,000. It is usually in the form of a charge over assets, and could be registered with the PPSR or making a caveat.
A personal or director’s ensure is a promise to pay off a credit line that is generally in nature rather than specifying the security of a specific asset. The person who signs the guarantee is personally responsible if the business borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It records security interests that have been registered in respect of personal property (including the assets or goods). The PPSR gives preference over private property assigned depending on the date that a security interest has been registered.
A caveat is a legal document filed to provide the public notice of a legal claim on a property.
If you’re requesting larger company loans that exceeds $250,000 we may be able to provide an initial pre-approval that will help smooth out the process. It is possible to do this without a credit verification and within 6 hours of your initial application. This pre-approval is based on an initial assessment that includes the answer to a series of financial health checks. It’s in no way an offer, nor is it a guarantee of credit. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer that you are offered could be on different conditions.
You can apply for a business loan if you:
The application process is simple and easy. Complete the online form in few minutes and an experienced company expert in lending 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) and an active NZBN/IRD, and at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K-$250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Information on the application including credit consent, 12 months of bank statements, IRD statement, last 2 years finalised financial statements, plus interim financial statements for the current year as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K up to $100,000) we usually offer an answer within one hour – as long as you submit your request at quality company time and you allow us to make use of the advanced bank verification system link to instantly verify your bank details online. If you choose to upload copies of your banking statements , we are able to offer the decision in as little as an business day.
For the Larger Business Loan ($100K up to $500,000) we may be in a position to offer you with a conditional pre-approval within 6 hours. After you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval, however this could be shorter based on the particular circumstances of each application. Certain transactions have received approval in the space of 24 hours.
The quickest method can be make sure you apply during normal company hours and allow us to use the advance bank verification to confirm your bank details online. If you decide to send us the copies of bank accounts, it takes a bit longer.
For the Small Business Loan ($5K and up) we typically provide a response in one hour if you submit your request at normal business times and you allow us to use the bank verification system link to instantly verify your bank’s information online. If you decide to upload copies of your bank statements, we’ll be able to provide a decision in as little as the span of one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we may be able to provide you with a conditional pre-approval in around six hours. Once you have signed the pre-approval, turnaround times are about 2-3 days for final approval, however this can be faster depending upon the circumstances for each application. Certain deals have been approved in the space of 24 hours.
The fastest way would be to ensure you apply during normal business hours. Also, allow us to use the advanced bank verification system to instantly confirm your bank details online. If you send us documents from your account statements it will take a little longer.
We offer loans ranging from $5,000 and $500,000. If you apply for a particular amount, we look at a variety of aspects for determining how much we can lend you well-being that is your company and the extent of the repayments your company can afford. The total amount of your loan will depend on the particular circumstances for your business.
If you apply for a certain amount, we take into consideration a variety of aspects to assess your health of the company and the amount of repayments that your company can afford. The total amount of your loan will be determined by the specific circumstances the business.
If you decide to apply for the business loan, we’ll assess the risk profile of your business and provide you with a tailored offer, including the loan amount, the terms and the interest rates. The company loan is an upfront priced loan so you will be aware of the total amount you will have to pay, including costs, fees, or interest rates.
The interest rates on company loans rates differ based on various variables like the amount to be borrowed, the company assets the money are used to purchase, the industry the company operates in, how long the business is in operation for, how long the business has sufficient cash flow to fund the loan, and also the overall health as well as creditworthiness business.
There are no hidden fees with our business loans. You’ll know precisely how much you’ll need to pay and when, right from day one. There’s no 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 apply for a loan with with no upfront cost or commitment to apply.
The Origination Fee includes the expenses associated with establishing and managing the loan. This is only a 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 entire amount of your loan early at any time.
If you are deciding to do this please talk to one of our helpful company loans professionals. They’ll offer you with details for repayment and an early payment figure. This is calculated as the total of the principal remaining and accrued interest to the time of the early payout, plus 1.5% of the remaining principal as well as any outstanding fees.
To ensure that you don’t miss due dates and also to be in line your cash flow cycle we offer repayments that are either daily or weekly. These are automatically deducted from the nominated company account.
Making sure that your information is secure, and knowing the ways we gather the information we collect, use, share and safeguard your data, is crucial and an integral part of our relationship you.
Yes. We make use of industry-standard encryption standards to protect your sensitive, personal and financial data and our funders are ISO 27001 certified for our dedication to the security of our customers as well as their privacy. We utilise a sophisticated banking verification system to instantly verify the bank account details online, allowing us to offer quick responses.
The term "asset-based" refers to borrowing where a company owner utilises an asset that they own to obtain the loan. The asset can be an individual property, such as the family home or it could be a company asset such as a truck or piece or equipment.
The vast majority of lending institutions, even the major banks, prefer to guarantee loans against an asset. If you are having difficulty paying back the loan then your assets could be offered for sale by the lender. In essence, it’s an opportunity to secure new financing by making use of the value of what you already own.
For loans of up to $150,000, no asset security is required upfront to access the money but we require a personal guarantee. require a personal guarantee. So long as you comply with the terms of your loan (as specified in your loan contract) the security of assets will never be needed. For loans of over $150,000 generally, there is an individual guarantee and security is provided in the form of an asset charge.
