The criteria for eligibility for an unsecured business loan in Gold Coast of between $5K and $100K are pretty minimal.
Looking for more funding? Find out the eligibility requirements for our $100K-$500K company financing.
All that’s required to start is your contact information (company name and your name, as well as email and phone), how much you’d like to borrow as well as your monthly income.
Through the process and before settlement we’ll need confirmation of who you are but not for starting:
Once we’ve started, for loans of more than $150,000 you will also need basic financial statements.
Let’s get started.
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 daily or weekly.
You can apply to get this Small Business Loan in under 10 minutes via the internet or by phone. You will receive an immediate response, and the funds could be in your account within 24 hours. Traditional business loans are based on an annual rate of interest plus other fees and charges. We offer a company loan is an upfront priced loan therefore you’ll know in advance the total amount due, which includes any fees, charges or charges. This is then broken down into a daily or weekly installment amount.
A Small Business Loan can be used for almost every business need, such as control of cash flow company remodels and marketing, to purchase inventory or new equipment, for general working capital and so much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger size loan to aid in company expansion opportunities. The loan ranges from $100,000 to $500,000 with a term fixed for up to 36 months. The repayments are made weekly or fortnightly to work with the flow of cash.
A Larger Business Loan has an Origination Fee that is calculated at 2.5 percent of the amount of the loan.
In order to be eligible for a loan of this size the company needs to have been operating for a minimum of 3 years and have an annual turnover of $700K. You must be a New Zealand Citizen (or Permanent Resident) at least 18 years old or 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 is a great option for almost every company use, including company renovations, to purchase new equipment or inventory or as general working capital, and much more. The loan is not available for personal use.
Asset security is necessary to access funding over $150,000. This can be done as a result of an charge on assets, and could include registering this through the PPSR or the registration of as a caveat.
A director’s or personal guarantee is a guarantee to repay credit that is general in nature, rather than stating the security for a particular asset. The person who is signing the guarantee is personally responsible if the business creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including the assets or goods). The PPSR grants prioritisation over property that is personal to be granted according to the date a security interest was registered.
The caveat can be described as a formal document filed to offer the public notice of a legal claim on a property.
If you’re applying for a Larger Business Loan of $250,000 or more we may be able to provide an initial pre-approval that will help smooth out the process. We may be able to do this without a credit verification and within 6 hours of your initial application. The pre-approval is based upon an initial assessment that includes the answer to a series of financial health questions. It is not an offer of credit or guarantee of finance. Acceptance without condition is subject to an extensive credit evaluation and any offer you might receive could be on different terms.
You may apply for an company loan if you;
The application process is fast and simple. Simply complete the online form in just a few minutes, and a dedicated company loan specialist will contact you to assist you.
To be eligible for up to $100,000, you’ll need identification details (valid Driver’s License), a valid NZBN/IRD and at least six months of bank statements.
In addition, for larger loan sizes, you’ll also need:
$100K-$250K: Details of application, including credit approval, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K – $500K: Application details including credit consent and 12 month bank accounts, the IRD statement, last 2 years finalised financial statements, in addition to interim financials for the current financial year including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K to $100K) we usually offer an answer within one hour if you apply during quality company hours and let us make use of the advanced bank verification system to instantly verify your bank information online. If you decide to upload copies of your banking statement, we’ll provide an answer within just 1 business day.
For the Larger Business Loan ($100K and up) we may be likely to offer you with conditional pre-approval within 6 hours. After you’ve signed the pre-approval document, you will require to wait between 2 and 3 days for the final approval. However, it could be faster based on the specifics of each application. Some offers have been approved in just 24 hours.
The fastest way can be ensure you apply during normal business hours, and let us use the advance bank verification to instantly verify your bank account information online. If you upload copies of your bank statements , it takes a bit longer.
For the Small Business Loan ($5K to $100K) we usually offer an answer within an hour – as long as you submit your request within normal business times and let us make use of the advanced bank verification system link to instantly verify your bank details online. If you choose to send us copies of your bank statements, we will be able to provide an answer in as little as one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we might be able to offer you with conditional pre-approval within six hours. Once you have signed the pre-approval form, it will take approximately 2-3 days to receive final approval, however this may be quicker depending on the circumstances of each application. Some offers have been approved within 24 hours.
The most efficient method is to make sure you apply during normal business hours and allow us to use our modern bank verification link to verify your bank account information online. If you choose to send us copies of your bank statement, it takes a bit longer.
We offer loans that range from $5,000 and $500,000. When you submit an application for a certain amount we take into consideration a range of variables to determine your health for your business and the level of payments your company can support. The amount you receive from your loan will depend on the specifics that are unique to your company.
When you submit an application for a certain amount, we look at a range of factors to determine how much we can lend you such as well-being of the company and the amount of repayments your company can support. The total amount of your loan will be determined by the specifics that are unique to your company.
When you make an application for the business loan, we’ll assess the risk profile of your business and provide you with a tailored offer including loan amount, term and the interest rates. This company loan is a loan that is priced upfront therefore you will know in advance the total amount payable including any costs, fees, or interest rates.
Business loan interest rates differ based on various factors such as the amount that is that is borrowed, what company assets the money are used to purchase, the industry the business is in, how long the business is in operation, whether the company has sufficient cash flow to support the loan, and overall well-being or financial standing of the business.
There are no hidden fees with our company loans. You’ll know exactly how much you’ll be required to pay and at what time, from day one. There’s not any compounding interest and no additional fees (as as you make your payments punctually).
We do not charge an Application Fee. You can apply for a loan without any upfront costs or any obligation to sign up.
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. Our Origination Fee is 2.5 percentage of the amount of the loan.
You can choose to repay the entire amount of your loan at any point in time.
If you choose to pursue this option, please talk to one of our helpful company loans professionals. They’ll provide you with details on repayment along with an early payout estimate. The figure will be calculated as the sum of the remaining principal amount and any accrued interest at the date of early payout and 1.5% of the principal balance and any fees that remain unpaid.
To help you avoid missing payment dates and to align your cash flow cycle we provide payments that are either daily or weekly. These are automatically withdrawn from your designated business account.
Protecting your information, and knowing the ways we gather information, use it, and exchange it, as well as ensure the security of your information is vital and an integral element of our relationship with you.
Yes. We make use of industry-standard encryption standards to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our commitment to customer security and security. We make use of an advanced banking verification system to instantly confirm your bank account information online. This allows us to provide rapid response.
The term "asset-based" refers to borrowing where a company owner borrows from an asset they own to make the funds for a loan. The asset can be an individual asset, such as the family home or an company asset like a truck as well as a piece of machine.
The vast majority of lending institutions, including the major banks, prefer to guarantee loans against assets. If you’re struggling to pay back the loan then your assets could be transferred to the lender. In essence it is the process of securing new funding taking advantage of the value of what you already own.
Up to $150K in loans there is no requirement for asset security in advance to gain access to the funds however, we do require the personal guarantee. So long as you comply with the terms of your loan (as specified in your loan contract document) Asset security will never be needed. For loans over $150K typically, you will need an individual guarantee and security in the form of the charge of assets.
