Services in Gaven
- Unsecured Business Loan Gaven
- Business Finance Gaven
- Business Lending Gaven
- Business Loan Gaven
- Small Business Finance Gaven
- Business Funding Gaven
- Gaven Working Capital
- Gaven Small Business Lending
- Short Term Business Loans Gaven
The eligibility requirements for an unsecured business loan in Gold Coast of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Find out the eligibility requirements for our $100K-$500K company loan.
All that’s required to begin is your contact information (company name, your name, email address or phone number), how much you want to borrow, and your monthly earnings.
While in the process and before settlement we’ll need confirmation of your identity, but not for starting:
Additionally after we get started in the process, for loans over $150,000 you will also need basic financial statements.
Let’s get started now.
Gold Coast unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.
Apply to this Small Business Loan in under 10 minutes by phone. You will receive a same day response and the funds could be in your account within 24 hours. Traditional business loans reference an interest rate per annum along with other charges and fees. Our business loan is an upfront priced loan so you will know in advance the total amount to be paid, including any fees, charges or charges. Then, it is divided into a daily or weekly amount to be paid back.
The Small Business Loan can be used for virtually any business purpose including control of cash flow company improvements, advertising to purchase inventory, new equipment, as general working capital and much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger loan size to support company expansion opportunities. Loans range between $100,000 and $500,000 for a fixed period of for up to 36 months. Repayments are either weekly or fortnightly, depending on you cashflow.
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 credit that is this large, your business needs to be trading for at least 3 years with an annual turnover of at least $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A Larger Business Loan can be used for nearly all company use, including company renovations, purchase of inventory or new equipment for general working capital and much more. The loan is not available for personal purposes.
Asset security is necessary for funding of more than $150,000. It is usually by way of charge against assets, and may include registration through the PPSR or filing a caveat.
A director’s or personal guarantee is a commitment to pay off a credit line that is general in nature, rather than defining security over a particular asset. The person signing the guarantee is personally liable if the business borrower is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It lists security interests that are which are registered with respect to personal property (including objects or assets). The PPSR gives prioritisation over property that is personal to be assigned in accordance with the date on which a security interest that is registered.
Caveats are legal form of document to provide notice of a legal claim against a property.
When you’re applying for a Larger Business Loan of $250,000 or more it is possible to offer an initial pre-approval that will help smooth out the process. We might be able to make this decision without a credit check and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering some financial health checks. This is not an offer of credit or guarantee of financing. A conditional approval is subject a full credit assessment and any offer that you might receive could be subject to different conditions.
You can apply for a business loan if you:
The application process is quick and easy. Complete the online form within a few minutes and an experienced business lending specialist will be in touch to guide you through the process.
To apply for up $100,000, you’ll require identification details (valid Driver’s Licence) and an active NZBN/IRD, and at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K – $250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K to $500K: Details for application including credit consent, 12 month bank accounts, the IRD statement, last 2 years finalised financial statements, and interim financial statements for the current year as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K up to $100,000) We can usually provide an answer within one hour if you submit your request at quality company timings and permit us to utilise the advanced bank verification system to instantly verify your bank details online. If you want to upload copies of your banking statements , we are able to offer the decision within just the span of one business day.
For the Larger Business Loan ($100K to $500K) we could be capable of provide you with pre-approval conditional to your application in around six hours. Once you have signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Some transactions have received approval in the space of 24 hours.
The quickest method would be to make sure you apply during standard business hours and permit us to use the advance bank verification to confirm your bank details online. If you opt to send us documents from your account statement, it can take a bit longer.
For the Small Business Loan ($5K or more) we usually provide an answer within one hour, provided you apply at normal business times and you allow us to utilise the advanced bank verification system to instantly verify your bank details online. If you want to send us copies of your bank statements, we are able to offer the decision within one business day.
For the Larger Business Loans ($100K or more) we may be able to provide you with conditional pre-approval in around six hours. Once you’ve signed your pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, it could be faster based upon the circumstances for each application. Some offers have been approved in the space of 24 hours.
The quickest method would be to make sure you apply during standard business hours and allow us to use our advance bank verification link to instantly confirm your bank details online. If you choose to send us documents from your account statements it will take a little longer.
We offer loans ranging from $5,000 to $500,000. When you submit an application for a certain amount, we will consider a number of variables for determining the health that is your business and the extent of the repayments your business is able to afford. The amount you receive from your loan will depend on the particular circumstances for your business.
When you apply for a particular amount, we look at a range of aspects to assess your health that is your company and the extent of the repayments your business is able to afford. The total amount of your loan will be determined by the particular circumstances the company.
If you decide to make an application for one of our business credit, we will assess the risk profile the business and offer an individualised offer that includes loan amount, term and interest rates. It is a company loan is an upfront priced loan therefore you will be aware in advance of the total amount payable including any costs, fees, or interest rates.
Interest rates for business loans rates differ based on various factors including the amount that is borrowed, what company assets the money are used to purchase and the sector the company is operating in, how long the company is in operation, in the event that the business has enough cash flow to pay for the loan, as well as the overall well-being or financial standing of the business.
There are no hidden costs for our business loans. You’ll know exactly how much you’ll need to pay and when, from the day you sign up. There’s no compounding interest and the loan comes with no additional fees (as as you make your payments on time).
We don’t charge an application fee. You can apply for a loan with no cost upfront or commitment to apply.
The Origination Fee covers the expenses involved with establishing and managing the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5 percentage of the loan amount.
You can choose to repay all of your loan in full at any time.
If you do decide to take this route, please talk to one of our helpful business credit specialists. They’ll provide you with details on repayment and an early payment figure. The figure will be calculated as the sum of the principal remaining plus any accrued interest as of the time of early payment in addition to 1.5% of the remaining principal as well as any outstanding fees.
To ensure you do not miss repayments and to fit in your cash flow schedule, we provide repayments either weekly or daily. They will be automatically deducted from the nominated company account.
Making sure that your information is secure, and knowing how we collect data, process, exchange and safeguard your data, is of paramount importance and is an essential element of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to security for our clients and privacy. We employ an exceptionally sophisticated bank verification system that allows you to immediately confirm your bank account information online. This allows us to provide a fast response.
An asset-based loan is when a company owner borrows from assets they own to make the loan. The asset could be an individual asset, such as the family home, or it could be a business asset such as a truck or piece of equipment.
The majority of lenders, even the major banks, prefer to guarantee loans against an asset. If you’re struggling to pay back the loan, then the asset could be sold by the lender. In essence it’s a way of securing new financing using the value of what you already own.
For loans of up to $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 obligations (as detailed in the loan contract), asset security is not required. If you take out loans in excess of $150K generally, you are able to get personal guarantee and security is provided in the form of the charge of assets.
