The eligibility requirements for an unsecured business loan in Gold Coast of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Take a look at the guidelines for eligibility for our $100K-$500K business loans.
All that’s needed to start is your contact information (the name of your company, your name, email and phone) along with the amount you’d like to borrow, and your monthly revenue.
While in the process and before settlement we will need confirmation of your identity, but not for starting:
Once we’ve started in the process, for loans greater than $150,000 you will also need the following financial statements:
Let’s get started now.
Gold Coast unsecured loans provides the range of $5,000 to $100,000, with terms ranging from 3 and 24 months and cash flow-friendly repayments that are either per day or weekly.
Apply to the Small Business Loan in under 10 minutes over the phone. You’ll get an immediate response, and the funds could be in your account in 24 hours. Traditional company loans refer to an annual rate of interest as well as other fees and charges. The company loan is a loan that is priced upfront therefore you’ll be aware of the total amount due, which includes any fees, interest or charges. This is then divided into a daily or weekly repayment figure.
The Small Business Loan can be used to fulfill almost any business use, including cash flow management, company renovations, marketing to purchase inventory, new equipment, as general working capital, and much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help company growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term up to 36 months. Repayments are weekly or fortnightly in order to accommodate your situation.
This Larger Business Loan has an Origination Fee which is calculated at 2.5 percent of the loan amount.
In order to be eligible for a loan of this size, your company needs to be operating for a minimum of 3 years and generate an annual revenue of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.
A Business Loan of a larger size is a great option for almost all business purpose including business renovations, to purchase new equipment or inventory, as general working capital, and much more. The loan is not available for personal purposes.
Asset security is required to obtain funding above $150,000. It’s by taking a charge on assets, and could include the registration of this on the PPSR or making as a caveat.
A personal or director’s guarantee is a promise to pay off a credit line that is generally in nature rather than stipulating security over an asset. The person who is signing the guarantee is personally liable in the event that the business creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including items or assets). The PPSR allows the priority of personal property granted in accordance with the date on which a security interest has been registered.
An affidavit is an official document lodged to provide notice of a legal claim on a property.
When you’re applying for an enterprise loan that exceeds $250,000 we can offer an initial pre-approval that will help make the process. It is possible to make this decision without a credit check, and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering a few financial health questions. It’s not an offer or guarantee of funds. Unconditional approval is subject to a full credit assessment and any offer that you might receive could have different terms.
You may be eligible for a company loan if you
The application process is fast and easy. Just complete the online application in few minutes and an experienced company loan specialist will be in touch 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 six months of bank statements.
If you’re looking for loans with larger sizes, you’ll also need:
$100K – $250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K – $500K: Information on the application including credit consent twelve month bank accounts, the IRD statement Last 2 years’ finalised financial statements, plus interim financials for the current financial year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K to $100K) we typically provide an answer within an hour – as long as you make your application at quality company time and you allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you want to send us copies of your bank statements we can provide an answer within just an company day.
If you are applying for a Larger Business Loan ($100K and up) we may be capable of offer you with a conditional pre-approval within about six hours. After you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, it could be faster based on the specifics of each application. Certain agreements have been approved within just 24 hours.
The quickest method for you to apply is ensure you apply during standard company hours, and allow us to use our advanced bank verification system link to verify your bank account information online. If you opt to upload documents from your account accounts, it can take a bit longer.
For the Small Business Loan ($5K or more) we usually provide an answer within one hour if you submit your request within standard business hours and you allow us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you choose 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 to $500K) we may be able to provide you with conditional pre-approval in around 6 hours. Once you have signed the pre-approval, turnaround times are around 2-3 days for final approval. However, it could be faster based upon the circumstances for each application. Some offers have been approved within less than 24 hours.
The quickest method for you to apply is ensure you apply during normal business hours. Also, allow us to use the advance bank verification to verify your bank information online. If you send us copies of your bank accounts, it takes a bit longer.
We offer loans that range from $5,000 to $500,000. When you submit an application for a specific amount we will consider a number of variables for determining your well-being for your business and the amount of repayments your company is able to afford. The total amount of your loan will depend on the specific circumstances the company.
When you submit an application for a specific amount we look at a range of factors to determine how much we can lend you such as well-being that is your business and the extent of payments your business can afford. The amount you receive from your loan will be contingent on the specific circumstances the business.
If you decide to request the business loans, we will assess the risk assessment that you have for 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 cost loan therefore you will be aware in advance of the total amount you will have to pay, including charges or interest.
The interest rates on business loans rates depend on several variables like the amount to be of money borrowed, the company assets the money will be used for in addition to the industry that the business is in, how long the company has been in operation, in the event that the company has sufficient cash flow to fund the loan, as well as the overall well-being as well as creditworthiness business.
There aren’t any hidden charges with our business loans. You’ll be aware of the amount you’ll be required to pay, and when, starting from the first day. There’s no compounding and there are no additional charges (as as you make your payments on time).
We don’t charge an application fee. You are able to apply for a loan without any upfront costs or obligation to proceed.
The Origination Fee covers the costs associated in establishing and managing the loan. You are only charged this fee if you proceed with the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You can repay the total amount of your loan early at any time.
If you decide to do this please speak to our friendly company loans experts. They’ll provide you with details on repayment and an early payment figure. It will be calculated using the total of the remaining principal amount and the accrued interest up to the date of early payout, plus 1.5 percent of the principal balance as well as any outstanding fees.
To make sure you do not miss payment dates and to align your cash flow schedule, we offer repayments that are either weekly or daily. These are automatically withdrawn from the nominated business account.
Protecting your information, and knowing how we collect, use, exchange and safeguard your data, is of huge importance and a vital part of our relationship you.
Yes. We employ industry-recognised encryption standards to secure your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our commitment to the security of our customers as well as their privacy. We employ an exceptionally sophisticated banking verification system to instantly verify your bank account details online. This allows us to offer an immediate response.
The term "asset-based" refers to borrowing where an business owner makes use of an asset that they own to get the funding. The asset may be an individual property, such as the family home, or it could be a company property like a truck or piece of equipment.
The vast majority of lending institutions, including the banks with the biggest size, prefer to make loans secured by assets. If you are having difficulty paying back the loan, your asset may be transferred to the lender. In essence, it is a way of securing new financing by making use of the value of what you already have.
For loans up to $150K it is not necessary to secure assets in advance to gain access to the funds however, we do require a personal guarantee. So long as you comply with the terms of your loan (as stated in the loan contract) and you are able to meet your obligations, asset security is not required. If you take out loans in excess of $150,000 generally, you are able to get an individual ensure and security is provided in the form of charges on assets.
