The criteria for eligibility for an unsecured business loan in Gold Coast of between $5K and $100K are pretty minimal.
Looking for more funding? Take a look at the eligibility requirements for our $100K to $500K business loans.
All that is needed to get started is your contact details (company name, your name, email and telephone) as well as the amount you’d like to lend, and your monthly revenue.
During the process and before settlement we’ll need confirmation of your identity but not before we can begin:
After we start, for loans that exceed $150,000, you’ll require basic financial statements.
Let’s get started.
Gold Coast unsecured loans provides amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow friendly repayments which can be made daily or weekly.
Apply for this Small Business Loan in under 10 minutes over the phone. You’ll get an immediate response, and funds may be in your account within 24 hours. Traditional company loans have an annual interest rate plus other fees and charges. We offer a company loan is a pre-paid loan therefore you’ll know ahead of time the amount you will have to pay, including any interest, fees or charges. This is then broken down into a daily or weekly repayment figure.
It is a Small Business Loan can be used for almost any business purpose including control of cash flow business improvements, advertising to purchase inventory or new equipment, or as general working capital and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger loan size to support company expansion opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term that can last up to 36 months. Repayments are weekly or fortnightly, depending on your cash flow.
It is crucial to note that the Larger Business Loan has an Origination Fee that is calculated at 2.5 percent of the loan amount.
In order to be eligible for a loan that is this large the business needs to have been trading for at least 3 years with an annual turnover of $700K. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A Larger Business Loan can be used for almost all business need, including business remodeling, buying new equipment or inventory for general working capital and much more. The loan is not available to fund personal expenses.
Asset security is needed for accessing funds over $150,000. This is by way of charge on assets, and could be registered on the PPSR or making a caveat.
A personal or director’s ensure is a commitment to repay credit that is generally in nature rather than stipulating the security of a specific asset. The person who signs the ensure is personally liable if the company 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 granted to individuals who own personal property (including items or assets). The PPSR grants the priority of personal property assigned depending on the date that a security interest has been registered.
An affidavit is an official document filed to provide the legal claim on a property.
If you’re seeking an enterprise loan of $250,000 or more we may be able to provide a preliminary pre-approval to help smooth out the process. We might be able to do this without a credit check and within 6 hours of your initial application. The pre-approval is based upon an initial evaluation that involves you answering some financial health checks. It is not an offer or guarantee of finance. The approval of a conditional loan is subject to a full credit assessment and any offer that you are offered could be on different terms.
You are eligible to apply for an business loan if you;
The application process is quick and simple. Just fill out the online application within a few minutes and an experienced business loan specialist will be in touch to guide you through the process.
To apply for up $100,000, you’ll require proof of identity (valid Driver’s Licence) along with an active NZBN/IRD, and at least 6 months of bank statements.
For larger loan sizes, you’ll need:
$100K – $250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K to $500K: Information on the application including credit consent twelve month bank accounts, the IRD statements, last 2 years finalised financial statements, as well as interim financials from the current financial year including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K to $100K) we typically offer an answer in just one hour, provided you make your application during standard business time and permit us to utilise the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your banking statements we can offer the decision within just an business day.
For Larger Business Loans ($100K or more) we may be capable of provide you with conditional pre-approval in around 6 hours. Once you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, this could be shorter based on the specifics of each application. Some agreements have been approved within the space of 24 hours.
The fastest way is to make sure you apply during normal business hours. You can also allow us to use our advanced bank verification system link to instantly verify your bank account information online. If you opt to upload duplicates of your banking statements it will take a little longer.
For the Small Business Loan ($5K to $100K) we typically offer an answer within one hour – as long as you apply in normal business times and you allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you decide to send us copies of your bank statement, we’ll offer an answer in as little as an business day.
For the Larger Business Loans ($100K up to $500,000) we might be in a position to offer you with conditional pre-approval in about 6 hours. Once you’ve signed your pre-approval document, you will need to wait about 2-3 days for final approval, however this could be shorter based on the circumstances of each application. Certain offers have been approved in 24 hours.
The quickest method would be to make sure you apply during normal business hours, and allow us to use the sophisticated bank verification to instantly verify your bank information online. If you opt to send us duplicates of your banking statements, it may take a bit longer.
We provide loans ranging from $5,000 and $500,000. If you apply for a particular amount, we will consider a number of factors in order to assess how much we can lend you well-being for your business and the amount of payments your company will be able to support. The total amount of your loan will be contingent on the specific circumstances that are unique to your business.
When you apply for a particular amount, we will consider a number of aspects to assess the health of your business and the amount of repayments that your business can afford. The amount you receive from your loan will depend on the specific circumstances for your business.
If you decide to make an application for business loans with us business loan, we’ll assess the risk assessment that you have for your business and offer you with a tailored proposal that includes loan amount, term and the interest rates. A business loan is an upfront-priced loan therefore you will know the exact amount you will have to pay, including costs, fees, or interest rates.
The interest rates on company loans rates depend on several factors such as the amount that is that is borrowed, what business assets the money will be used for and the sector the company is operating in, how long the business has been running, in the event that the business has enough cash flow to cover the loan, and also the overall health and creditworthiness of the business.
There are no hidden fees with our business loans. You’ll know precisely how much it is that you need to pay, and when, starting from day one. There’s not any compounding interest and there are no additional charges (as as long as you pay your payments punctually).
We don’t charge an application fee. You can request a credit loan with no upfront cost or obligation to proceed.
The Origination Fee includes the expenses associated with the setting up and management of the loan. It is only charged for this fee if you proceed with the loan. Our Origination Fee is 2.5% of the amount of the loan.
You can repay the total amount of your loan at any point in time.
If you choose to do this please speak to our friendly business credit experts. The specialists will offer you with repayment details and an early payout figure. The figure will be calculated as the sum of the principal balance and accrued interest to the time of early payment plus 1.5 percent of the principal balance and any fees that remain unpaid.
To make sure that you don’t miss repayments and to fit in with your cash flow cycle we provide payments that are either weekly or daily. They will be automatically deducted from your nominated company account.
Protecting your information, and making it clear the ways we gather the information we collect, use, share and safeguard your data, is of paramount importance and an integral element of our relationship with you.
Yes. We use industry recognised encryption standards to secure your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to protecting the security of customers and security. We use an advanced bank verification system to instantly confirm your bank account information online so we can provide quick responses.
Asset-based borrowing occurs when an company owner borrows from the assets they have to secure the loan. The asset can be either a personal asset like the family home, or a company property like a truck or other piece of machinery.
The majority of lending institutions, not just the largest banks, are inclined to secure loans against assets. If you are having difficulty paying back the loan then the asset might be taken over by the lender. In essence, it’s the process of securing additional financing making use of the value of what you already have.
Up to $150,000 in loans it is not necessary to secure assets in advance to gain access to the funds but we do require a personal guarantee. As long as you follow the loan terms (as stipulated in your loan contract document) and you are able to meet your obligations, asset security will never be needed. For loans of over $150K generally, you can get an individual guarantee and security that is in the form the charge of assets.
