The criteria for eligibility for an unsecured business loan in Gold Coast of between $5K to $100K are quite minimal.
Are you looking for additional funding? Review the guidelines for eligibility for our $100K-$500K company credit.
All that’s required for starting is your contact information (the name of your company and your name, as well as email or phone number), how much you’d like to lend, and your monthly income.
While in the process and before settlement we’ll require confirmation of your identity, but not for starting:
Additionally after we get started with loans greater than $150,000 you will also need 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 and cash flow-friendly repayments that are either per day or weekly.
Apply for your Small Business Loan in under 10 minutes online or by phone. You will receive an instant response and the money could be on your account within 24 hours. Traditional business loans refer to an annual rate of interest as well as other fees and charges. Our business loan is a cash-based loan and you’ll be aware of the total amount due, which includes any fees, interest or charges. Then, it is broken down into a daily or weekly installment amount.
A Small Business Loan can be used for virtually every company reason, such as managing cash flows, business remodeling, marketing to purchase inventory, new equipment, or as 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 with a maximum of 36 months. Repayments are weekly or fortnightly, depending on your cash flow.
This Larger Business Loan has an Origination Fee, which is determined at 2.5% of the amount of the loan.
In order to be eligible for a loan in this amount the company needs to have been operating for a minimum of 3 years and generate an annual revenue of $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of continuous trading.
A larger company loan is a great option for almost any company need, including company remodeling, buying new equipment or inventory, as general working capital and much more. The loan is not available to fund personal expenses.
Asset security is required for accessing funds over $150,000. It is usually in the form of a charge against assets, and could include the registration of this through the PPSR or the registration of a caveat.
A personal or director’s guarantee is a promise to repay a loan which is general in nature, rather than specifying security over an asset. The person signing the guarantee is personally responsible if the company the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It contains security interests registered in respect of personal property (including objects or assets). The PPSR permits the priority of personal property granted depending on the date that a registration of a security interest.
A caveat is a legal document that is filed to provide notice of a legal claim to property.
If you’re applying for larger company loans of $250K or more, we may offer an initial pre-approval to ease the process. We may be able to get this done without a credit check, and within six hours of your initial application. This pre-approval is made based on a preliminary assessment which includes you answering some financial health questions. It’s in no way an offer, nor is it a guarantee of funds. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer you may receive may be subject to different terms.
You may be eligible for an business loan if you
The process for applying is fast and easy. Just complete the online application within a couple minutes, and a dedicated company lending specialist will contact you to help you.
To be eligible for up to $100,000, you’ll require identification details (valid Driver’s License), a valid NZBN/IRD and at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K to $250K: Application requirements, including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Information on the application including credit consent twelve months bank statement, an IRD statement, last 2 years finalised financial statements, plus interim financials for the current financial year as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K and up) we usually offer an answer in just one hour – as long as you make your application within quality business times and you allow us to use the advanced bank verification system link to instantly verify your bank’s information online. If you want to send us copies of your bank statement, we’ll offer a decision within an company day.
For Larger Business Loans ($100K to $500K) we may be able to provide the conditional pre-approval in around six hours. After you’ve signed your pre-approval form, it will take around 2-3 days for final approval, however it could be faster based on the particular circumstances of each application. Some deals have been approved in just 24 hours.
The quickest way to apply is to ensure you apply during normal company hours. You can also let us use the advance bank verification to instantly check your bank’s information online. If you upload duplicates of your banking statements , it takes a bit longer.
For the Small Business Loan ($5K to $100K) we can often provide an answer in just one hour, provided you make your application within normal business time and allow us to use the bank verification system link to instantly verify your bank information online. If you choose to submit copies of your bank statement, we’ll provide the decision within 1 business day.
For the Larger Business Loans ($100K up to $500,000) we might be able to provide you with a conditional pre-approval within about 6 hours. After 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 offers have been approved in just 24 hours.
The fastest way can be ensure you apply during normal business hours, and allow us to use the advanced bank verification system to instantly verify your bank account information online. If you decide to upload documents from your account statements it may take a bit longer.
We provide loans that range from $5,000 and $500,000. When you make an application for a certain amount, we look at a variety of elements to determine your health of your company 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 specific circumstances the company.
If you apply for a particular amount, we take into consideration a variety of aspects to assess how much we can lend you such as health for your business and the amount of repayments your company can support. The total amount of your loan will depend on the specific circumstances that are unique to your company.
If you decide to apply for one of our business loans, we will assess the risk profile for your company and offer an individualised proposal that includes the amount of the loan, the duration and the interest rates. The company loan is an upfront-priced loan so you will be aware of the total amount to be paid, including any costs, fees, or interest rates.
Interest rates for company loans rates differ based on various factors such as the amount that is that is borrowed, what business assets the funds are used to purchase in addition to the industry that the business operates in, how long the company has been in operation and in the event that the company has sufficient cash flow to pay for the loan, as well as the overall well-being or creditworthiness of the business.
There aren’t any hidden charges with our business loans. You’ll be aware of the amount it is that you need to pay, and at what time, from day one. There’s no compounding interest, and no extra fees (as as long as you pay your payments punctually).
We don’t charge an Application Fee. You are able to apply for a loan with no cost upfront or any obligation to sign up.
The Origination Fee covers the costs associated with the setting up and management of the loan. This is only a fee if you decide to take the loan. Our Origination Fee is 2.5 percent of the amount of the loan.
You may choose to pay back the entire amount of the loan at any point in time.
If you are deciding to do this please contact our helpful business credit professionals. We will offer you with details on repayment and an early payment figure. This will be calculated as the total of the principal remaining and any accrued interest at the time of early payment plus 1.5 percent of the principal remaining as well as any outstanding fees.
To help you avoid missing due dates and also to be in line your cash flow schedule, we offer repayments either weekly or daily. They are automatically deducted from your business account.
Security of your data, and making it clear how we collect data, process, exchange and ensure the security of your information is of paramount importance and a vital aspect of our relationship with you.
Yes. We utilise industry-recognised encryption standards to protect your personal, sensitive and financial data and our funders are ISO 27001 certified for our dedication to customer security and privacy. We use an advanced bank verification system link to immediately verify your bank account details online. This allows us to offer rapid response.
Asset-based borrowing occurs when the company owner uses assets they own to get a loan. The asset can be an individual asset, such as the family home, or an business asset such as a vehicle or piece of equipment.
The majority of the lenders including the major banks, prefer to guarantee loans against an asset. 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 financing by using the worth of the asset you already own.
For loans up to $150,000 no asset security is required in advance to gain access to the funds but we require a personal guarantee. need the personal guarantee. As long as you follow your loan obligations (as detailed in the loan contract), asset security is not needed. If you take out loans in excess of $150,000 generally, you are able to get personal ensure and security in the form charges on assets.
