The requirements for obtaining an unsecured business loan in Gold Coast of between $5K and $100K are fairly minimal.
Do you require more money? Take a look at the eligibility requirements for our $100K to $500K company loan.
All that’s required for starting is your contact information (the name of your company, your name, email and phone), how much you want to borrow, and your monthly earnings.
In the course of the process and before settlement we’ll need confirmation of who you are, but not before we can begin:
Additionally after we get 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 between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow-friendly repayments that are either per day or weekly.
Apply for your Small Business Loan in under 10 minutes online or over the phone. You’ll get an immediate response, and have the funds in your account within 24 hours. Traditional company loans refer to an annual interest rate together with additional fees and charges. Our company loan is an upfront priced loan so you will be aware of the amount you will have to pay, including any fees, interest or charges. Then, it is divided into a daily or weekly installment amount.
It is a Small Business Loan can be used for almost every company need, such as managing cash flows, company renovations, marketing for purchasing inventory or new equipment, to fund general working capital and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans range from $100,000 to $500,000 with a fixed-term for up to 36 months. Repayments are scheduled weekly or fortnightly to work with your cash flow.
This Larger Business Loan has an Origination Fee, determined at 2.5 percentage of the loan amount.
To be eligible for a credit that is this large the company needs to be trading for at least 3 years and generate an annual revenue of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.
A Business Loan of a larger size can be used for almost every business use, including company improvements, purchasing new equipment or inventory for general working capital and so much more. The loan is not available for personal reasons.
Asset security is required for funding of more than $150,000. This is by taking a charge on assets, and could include registration on the PPSR or filing as a caveat.
A personal or director’s guarantee is a guarantee to pay off a credit line that is general in nature, rather than specifying the security of a specific asset. The person who is signing the guarantee is personally responsible if the company lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including goods or assets). The PPSR allows prioritisation over property that is personal to be assigned according to the date the security interest that is registered.
A caveat is a legal document filed to offer the legal claim to a property.
If you’re applying for the Larger Business Loan of $250K or more it’s possible to offer a preliminary pre-approval to help simplify the process. We may be able to get this done without credit checks and within six hours of your initial application. This pre-approval is based on an initial assessment, which involves you answering some financial well-being questions. It is in no way an offer, nor is it a guarantee of finance. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you may receive may be on different conditions.
You may be eligible for a company loan if you
The application process is simple and easy. Just fill out the online application in just a few minutes, and an experienced business credit specialist will call you to guide you.
To apply for up to $100,000 you’ll require proof of identity (valid Driver’s License) and an NZBN/IRD that is valid and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K to $250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K – $500K: Details of the application, including credit consent, 12 months of bank records, IRD statement Last 2 years’ finalised financial statements, and interim financial statements for the current year such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K up to $100,000) we usually provide an answer within one hour, provided you apply at quality business time and allow us to utilise the advanced bank verification system to immediately verify your bank account information online. If you want to upload copies of your bank statements , we’ll be able to offer a decision in as little as 1 business day.
For the Larger Business Loan ($100K and up) we may be likely to provide you with conditional pre-approval within 6 hours. Once you have signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval, however this could be shorter based on the circumstances of each application. Some deals have been approved within just 24 hours.
The quickest way to apply would be to ensure you apply during normal company hours. Also, allow us to use our advanced bank verification system to verify your bank information online. If you 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 an hour – as long as you make your application in standard business times and let us use the bank verification system to immediately verify your bank account information online. If you decide to upload copies of your bank statement, we’ll offer the decision in just 1 business day.
If you are applying for Larger Business Loans ($100K to $500K) we may be able to offer the conditional pre-approval in around 6 hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this could be shorter based on the particular circumstances of each application. Some agreements have been approved within just 24 hours.
The quickest method is to make sure you apply during normal business hours, and allow us to use our sophisticated bank verification to instantly confirm your bank details online. If you choose to upload the copies of bank statement, it takes a bit longer.
We provide loans that range from $5,000 and $500,000. When you submit an application for a certain amount, we will consider a number of elements to determine your well-being for your business and the extent of the repayments your company can support. The amount you receive from your loan will depend on the specifics the business.
If you apply for a specific amount we will consider a number of elements to assess how much we can lend you such as health that is your business and the extent of payments your business can support. The total amount of your loan will depend on the specifics for your business.
If you decide to request the company credit, we will assess the risk assessment that you have for your business and provide an individualised offer that includes the amount of loan, the term and interest rates. The business loan is an upfront priced loan therefore you will be aware of the total amount due, which includes any costs, fees, or interest rates.
Interest rates for business loans rates vary due to factors including the amount borrowed, the business assets the funds will be used for as well as the field the business operates in, the long the business has been in operation as well as whether the company has sufficient cash flow to pay for the loan, and the general well-being or financial standing of the business.
There aren’t any hidden costs for our company loans, and you’ll be aware of the amount it is that you be required to pay, and when, from the very first day. There’s no compounding and there are no additional charges (as long as you are able to make your payments on time).
We do not charge an Application Fee. You can make an application for loans with without any upfront costs or obligation to proceed.
The Origination Fee covers the costs associated in establishing and managing the loan. This is only a fee if you decide to take the loan. Our Origination Fee is 2.5 percentage of the amount of loan.
You may choose to pay back the total amount of your loan in full at any time.
If you choose to pursue this option, please speak to our friendly business loans professionals. They will provide you with repayment details along with an early payout estimate. The figure will be calculated as the sum of the principal balance and accrued interest to the date of early payout and 1.5% of the principal remaining as well as any outstanding fees.
In order to help you avoid missing payment dates and to align your cash flow cycle we provide payments that are either weekly or daily. These are automatically withdrawn from the nominated business account.
Security of your data, and knowing how we collect information, use it, and exchange it, as well as ensure the security of your information is of huge importance and an integral part of our relationship you.
Yes. We use industry recognised encryption standards to protect your sensitive, personal and financial data and our funders are ISO 27001 qualified for our commitment to customer security and security. We make use of an advanced bank verification system to instantly confirm your bank account information online so we can provide quick responses.
An asset-based loan is when the business owner borrows from assets they own to make the funding. The asset can be a personal asset like the family home, or an company asset like a truck or other piece of machinery.
The majority of lending institutions, even the big banks, tend to secure loans against an asset. If you’re having trouble paying back the loan, then the asset might be transferred to the lender. In essence it is an opportunity to secure additional financing using the worth of the asset you already have.
For loans that exceed $150K, it is not necessary to secure assets in advance to gain access to the funds, however we do require the personal guarantee. If you adhere to the loan terms (as detailed in your loan contract) the security of assets will never be required. If you take out loans in excess of $150,000 generally, you can get the option of a personal ensure and security in the form of the charge of assets.
