The requirements for obtaining an unsecured business loan in Gold Coast of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Review the conditions of eligibility for our $100K to $500K company loan.
All you need for starting is your contact details (the name of your company and your name, as well as email, phone) along with the amount you’d like to lend, as well as your monthly income.
While in the process and before settlement we will require confirmation of your identity but not for starting:
After we start, for loans that exceed $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. The terms range between 3 and 24 month and cash flow friendly repayments that are either daily or weekly.
Apply for your Small Business Loan in under 10 minutes by phone. You will receive a same day response and funds may be available in just 24 hours. Traditional company loans are based on an interest rate per annum together with additional fees and charges. The business loan is a cash-based loan which means you know ahead of time the total amount to be paid, including the interest, fees and charges. This is then broken down into a daily or weekly repayment figure.
The Small Business Loan can be used for almost any company need, such as cash flow management, business improvements, advertising, to purchase inventory or new equipment, for general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size loan to aid in company expansion opportunities. Loans range from $100,000 to $500,000 over a fixed term that can last up to 36 months. Repayments are either weekly or fortnightly to work with you cashflow.
The Larger Business Loan has an Origination Fee, calculated at 2.5% of the loan amount.
In order to be eligible for a loan that is this large the company needs to have been operating for at least three years and have an annual turnover of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) over 18 years, own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A larger company loan can be used for almost any company purpose including company renovations, purchase of new equipment or inventory as well as for general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is required to access funding over $150,000. This is in the form of a charge on assets, and could include registration with the PPSR or filing a caveat.
A personal or director’s guarantee is a promise to pay off a credit line that is general in nature, rather than stipulating the security of a specific asset. The person signing the guarantee is personally liable in the event that the company borrower 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 registered in respect of personal property (including the assets or goods). The PPSR allows the priority of personal property assigned according to the date the security interest was registered.
A caveat is a legal document filed to offer the public notice of a legal claim to a property.
When you’re applying for a Larger Business Loan that is greater than $250K, we may offer an initial pre-approval in order to simplify the process. We may be able to do this without credit checks and within 6 hours of the initial application. This pre-approval is based on an initial assessment that includes answering a couple of financial health checks. It’s neither an offer nor a guarantee of financing. Unconditional approval is subject to an extensive credit evaluation and any offer you might receive could have different conditions.
You may apply for an company loan if you
The process for applying is fast and easy. Just complete the online application within a couple minutes, and a dedicated business expert in lending will contact you to guide you.
To apply for up to $100,000, you’ll need identification details (valid Driver’s License) as well as an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K – $250K: Details of application, including credit consent, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K – $500K: Details for application including credit consent as well as 12 month bank accounts, the IRD statement Last 2 years’ finalised financial statements, in addition to interim financial statements for the current year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K to $100K) we typically provide a response in one hour if you submit your request in standard company time and permit us to make use of the advanced bank verification system link to instantly verify your bank information online. If you want to send us copies of your bank statement, we’ll offer an answer in just the span of one business day.
For the Larger Business Loan ($100K and up) we might be able to offer you with pre-approval conditional to your application within about 6 hours. Once you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval, however it could be faster based on the particular circumstances of each application. Some offers have been approved in 24 hours.
The most effective method can be make sure you apply during standard company hours. Also, let us use the advance bank verification to instantly verify your bank account information online. If you upload duplicates of your banking accounts, it may take a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often offer an answer within one hour if you apply during standard business timings and you allow us to utilise the advanced bank verification system to instantly verify your bank’s information online. If you choose to send us copies of your bank statement, we’ll provide the decision in as little as the span of one business day.
If you are applying for Larger Business Loans ($100K to $500K) We may be capable of offer you with conditional pre-approval within about six hours. Once you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval, however this can be faster depending on the particular circumstances of each application. Some transactions have received approval within the space of 24 hours.
The fastest method for you to apply is ensure you apply during standard business hours. You can also allow us to use our advance bank verification to verify your bank information online. If you choose to upload copies of your bank accounts, it may take a bit longer.
We provide loan amounts between $5,000 to $500,000. If you apply for a certain amount we look at a variety of elements for determining your health that is your company and the amount of the repayments your company can support. The total amount of the loan will be determined by the particular circumstances the company.
When you submit an application for a certain amount, we consider a variety of elements to determine how much we can lend you such as well-being for your business as well as the amount of repayments that your company can support. The amount you receive from your loan will be determined by the specific circumstances for your company.
If you decide to make an application for business loans with us company loan, we will assess the risk profile of your business and offer you with a customised offer, including the loan amount, the terms and interest rates. A company loan is a loan that is priced upfront and you’ll know in advance the total amount you will have to pay, including costs, fees, or interest rates.
Business loan interest rates vary due to factors such as the amount that is borrowed, what business assets the money are used to purchase and the sector the business operates in, how long the company is in operation for, whether the business has enough cash flow to fund the loan, as well as the overall health and creditworthiness of the company.
There are no hidden costs with our company loans, and you’ll know precisely how much you be required to pay and when, right from the day you sign up. There’s not any compounding interest and the loan comes with no additional fees (as as long as you pay your payments punctually).
We do not charge an Application Fee. You can get a cash loan without any upfront costs or any obligation to sign up.
The Origination Fee is the cost associated in establishing and managing the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the loan amount.
You may choose to pay back the entire amount of the loan in full at any time.
If you choose to do this please call our helpful business credit professionals. We will provide you with the details of your repayment and an early payment figure. This is calculated as the sum of the remaining principal amount plus any accrued interest as of the date of early payout plus 1.5% of the principal balance and any outstanding fees.
To make sure you do not miss due dates and also to be in line your cash flow cycle we offer repayments either daily or weekly. They will be automatically deducted from the nominated company account.
Security of your data, and being clear about the ways we gather the information we collect, use, share and ensure the security of your information is of huge importance and an integral part of our relationship you.
Yes. We make use of industry-standard encryption standards to protect your personal, sensitive and financial data and our funders are ISO 27001 qualified for our dedication to customer security and security. We utilise a sophisticated bank verification system link to instantly confirm your bank account information online to offer rapid response.
The term "asset-based" refers to borrowing where a business owner utilises an asset they own to make the loan. The asset may be an individual property, such as the family home or an company asset such as a truck or piece or equipment.
The majority of the lenders even the largest banks, are inclined to guarantee loans against assets. If you are having difficulty paying back the loan, then your assets could be taken over by the lender. In essence, it is means of securing new funding using the value of what you already own.
Up to $150K in loans there is no requirement for asset security upfront to access the money However, we do need the personal guarantee. If you adhere to your loan obligations (as stipulated in the loan contract) Asset security is not required. For loans that exceed $150,000, generally, you are able to get personal guarantee and security in the form of charges on assets.
