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? Find out the eligibility requirements for our $100K to $500K business financing.
All you need to begin is your contact information (company name, your name, email and phone) along with the amount you’d like to lend, and your monthly income.
During the process and before settlement we’ll require confirmation of who you are however, not in order to begin:
After we start with loans of more than $150,000 you’ll also need basic financial statements:
Let’s get started now.
Gold Coast unsecured loans offers amounts of between $5,000 and $100,000 with terms between 3 and 24 months and cash flow friendly repayments, which are either daily or weekly.
Apply to get your Small Business Loan in under 10 minutes via the internet or by phone. You will receive an answer within the same day and have the funds in your account within 24 hours. Traditional business loans refer to an interest rate per annum plus other fees and charges. This business loan is a cash-based loan and you’ll know in advance the total amount payable including the interest, fees and charges. Then, it is broken down into weekly or daily installment amount.
A Small Business Loan can be used to fulfill almost any company purpose including the management of cash flow, company improvements, advertising, to purchase inventory or new equipment, to fund general working capital and so much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans are between $100,000 and $500,000 with a fixed-term for up to 36 months. Repayments are either weekly or fortnightly in order to accommodate your cash flow.
A Larger Business Loan has an Origination Fee which is calculated at 2.5 percent of the amount of the loan.
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. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand business (with a valid NZBN/IRD) and be able to prove at least 12 months of trading.
A Business Loan of a larger size can be used for almost all company need, including business improvements, purchasing equipment or inventory or as general working capital, and much more. The loan is not available for personal reasons.
Asset security is needed for accessing funds over $150,000. It’s as a result of an charge on assets, and could include registering this on the PPSR or the registration of a caveat.
A personal or director’s guarantee is a commitment to repay credit that is general in nature, rather than stating security over a particular asset. The person who is signing the guarantee is personally liable if the company the borrower fails to re-pay 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 that are registered for personal property (including items or assets). The PPSR gives the priority of personal property granted according to the date the registration of a security interest.
A caveat is a legal document lodged to provide the public notice of a legal claim on a property.
If you’re applying for an enterprise loan that is greater than $250,000 we can offer an initial pre-approval that will help smooth out the process. We could be able to do this without credit checks and within 6 hours of your initial application. This pre-approval is based on an initial assessment, which involves the answer to a series of financial health questions. This is neither an offer nor a guarantee of credit. A conditional approval is subject an assessment of your creditworthiness and any offer you are offered could be based on different conditions.
You may be eligible for a business loan if you
The application process is simple and easy. Simply complete the online form within a couple minutes, and an experienced business expert in lending will contact you to assist you.
To apply for up to $100,000, you’ll need ID details (valid Driver’s Licence) and a valid NZBN/IRD as well as at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K to $250K: Application requirements, including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K – $500K: Information on the application including credit consent twelve months bank statement, an IRD statement Last 2 years’ finalised financial statements, as well as interim financial statements for the current year such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K up to $100,000) we can often provide an answer within one hour if you submit your request in quality business time and permit us to use the advanced bank verification system to instantly verify your bank’s information online. If you decide to upload copies of your banking statement, we’ll offer a decision in just the span of one business day.
If you are applying for a Larger Business Loan ($100K or more) we could be in a position to offer you with a conditional pre-approval within about 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 this can be quicker based on the specifics of each application. Certain transactions have received approval within 24 hours.
The quickest way to apply would be to ensure you apply during standard company hours, and allow us to use our advance bank verification to check your bank’s information online. If you decide to upload documents from your account statements it can take a bit longer.
For the Small Business Loan ($5K up to $100,000) We can usually provide a response in one hour if you submit your request within standard business times and you allow us to use the bank verification system to instantly verify your bank information online. If you choose to upload copies of your banking statements we can provide the decision in as little as the span of one business day.
For Larger Business Loans ($100K and up) We may be in a position to offer you with pre-approval conditional to your application in around 6 hours. Once you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this can be faster depending upon the circumstances for each application. Certain agreements have been approved in just 24 hours.
The most effective method can be make sure you apply during standard business hours, and allow us to use the advanced bank verification system to instantly verify your bank information online. If you decide to upload the copies of bank statements it can take a bit longer.
We offer loans ranging from $5,000 and $500,000. When you submit an application for a certain amount we look at a variety of factors in order to assess your health that is your company and the extent of repayments your company is able to afford. The amount you receive from your loan will be contingent on the specific circumstances that are unique to your business.
When you submit an application for a specific amount we look at a range of aspects to determine how much we can lend you such as health of your business as well as the amount of repayments that your company is able to afford. The total amount of the loan will be determined by the particular circumstances that are unique to your company.
When you apply for business loans with us company loans, we will assess the risk profile for your business and provide you with a tailored proposal that includes the amount of the loan, the duration and interest rates. This business loan is an upfront priced loan therefore you will be aware in advance of the total amount payable including any charges, interest rates or fees.
Interest rates for company loans rates depend on a variety of factors including the amount that is borrowed, what business assets the funds are used to purchase and the sector the company operates in, how long the business has been in operation, what percentage of the company has sufficient cash flow to pay for the loan, and overall health and creditworthiness of the business.
There aren’t any hidden charges with our company loans. You’ll know precisely how much you be required to pay and when, right from the very first day. There’s no compounding interest and there are no additional charges (as as you make your payments on time).
We do not charge an Application Fee. You can apply for a loan with with no upfront cost or commitment to apply.
The Origination Fee covers the expenses involved with establishing and managing the loan. This is only a fee if you choose to proceed with the loan. The Origination Fee for us is 2.5% of the loan amount.
You can choose to repay all of your loan in full at any time.
If you choose to take this route, please contact our helpful business loans professionals. We will offer you with details for repayment and an early payout figure. This will be calculated as the sum of the principal amount remaining and any accrued interest at the time of early payout plus 1.5% of the principal remaining plus any outstanding fees.
To make sure that you don’t miss repayments and to fit in your cash flow cycle we offer repayments either weekly or daily. They will be automatically deducted from the nominated company account.
Making sure that your information is secure, and making it clear the ways we gather data, process, exchange and secure your information, is of paramount importance and is a crucial element of our relationship with you.
Yes. We employ industry-recognised encryption standards to secure your personal, sensitive 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 immediately verify your bank account details online, allowing us to provide an immediate response.
The term "asset-based" refers to borrowing where a company owner borrows from an asset that they own to secure the funds for a loan. The asset can be a personal asset like the family home, or an business asset such as a vehicle as well as a piece of machine.
The majority of lending institutions, not just the banks with the biggest size, prefer to make loans secured by assets. If you’re struggling to pay back the loan, then the asset could be sold by the lender. In essence, it’s an opportunity to secure new financing by using the worth of the asset you already own.
For loans that exceed $150K, no asset security is required upfront to access the money but we require a personal guarantee. require an individual guarantee. If you adhere to your loan commitments (as stated in the loan contract) the security of assets will never be needed. If you take out loans in excess of $150K typically, you will need personal guarantee and security is provided in the form of the charge of assets.
