Services in Gaven
- Gaven Unsecured Business Loan
- Business Finance Gaven
- Business Lending Gaven
- Business Loans Gaven
- Small Business Finance Gaven
- Business Funding Gaven
- Gaven Working Capital
- Gaven Small Business Lending
- Gaven Short Term Business Loans
The criteria for eligibility for an unsecured business loan in Gold Coast of between $5K and $100K is fairly low.
Do you require more money? Review the eligibility requirements for our $100K-$500K business loan.
All that’s needed for starting is your contact details (the name of your company and your name, as well as email and phone) along with the amount you’d like to borrow and your monthly revenue.
In the course of the process and before settlement we’ll require confirmation of your identity but not before we can begin:
Once we’ve started when it comes to loans over $150,000 you’ll also require the following financial statements:
Let’s get started now.
Gold Coast unsecured loans offers amounts between $5,000 and $100,000. Terms range from 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.
You can apply to get the Small Business Loan in under 10 minutes on the internet or over the phone, receive an answer within the same day and the money could be in your account within 24 hours. Traditional company loans refer to an annual interest rate plus other fees and charges. Our business loan is a loan that is priced upfront therefore you’ll know in advance the amount you will have to pay, including any fees, interest or charges. Then, it is divided into a daily or weekly payment amount.
The Small Business Loan can be used for nearly any company need, such as the management of cash flow, business improvements, advertising to purchase inventory or new equipment, to fund general working capital and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans are between $100,000 and $500,000 for a fixed period of for up to 36 months. Repayments are weekly or fortnightly in order to accommodate you cashflow.
A Larger Business Loan has an Origination Fee that is determined at 2.5% of the amount of the loan.
In order to be eligible for a loan in this amount, your company needs to be in operation for at least 3 years with an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of business.
A large company loan can be used for nearly any business reason, such as company improvements, purchasing new equipment or inventory or as general working capital and so much more. The loan is not available for personal use.
Asset security is necessary to access funding over $150,000. It is usually by taking a charge on assets, and could include registration in the PPSR or the registration of as a caveat.
A personal or director’s ensure is a guarantee to pay back a loan that is generally based rather than defining the security of a specific asset. The person who signs the guarantee is personally liable in the event that the business the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It contains security interests registered in respect of personal property (including objects or assets). The PPSR gives priority over personal property to be assigned in accordance with the date on which a registration of a security interest.
A caveat is a legal document lodged to provide an official notice of a claim against a property.
If you’re requesting the Larger Business Loan that exceeds $250,000 we may be able to provide an initial pre-approval to ease the process. We might 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 an initial assessment that includes answering a couple of financial health questions. This is neither an offer nor a guarantee of financing. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you may receive may have different conditions.
You can apply for an company loan if you:
The process for applying is fast and easy. Complete the online form in just a few minutes, and a dedicated company credit specialist will call you to help you.
For a loan of up to $100,000, you’ll need proof of identity (valid Driver’s License) as well as a valid NZBN/IRD and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll also need:
$100K to $250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K-$500K: Information on the application including credit consent and 12 months bank statement, an IRD statements as well as the two most recent years’ financial statements, and interim current financial year financials including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K to $100K) We can usually provide an answer within one hour – as long as you make your application in quality business timings and you allow us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you want to upload copies of your bank statements we can offer the decision in as little as an company day.
For the Larger Business Loan ($100K to $500K) we could be capable of offer you with pre-approval conditional to your application within 6 hours. Once you’ve signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval. However, this may be quicker depending upon the circumstances for each application. Some transactions have received approval within just 24 hours.
The quickest method for you to apply is make sure you apply during standard business hours and let us use the modern bank verification to verify your bank information online. If you send us the copies of bank statements it may take a bit longer.
For the Small Business Loan ($5K and up) We can usually provide an answer within an hour, provided you submit your request within normal business times and let us use the advanced bank verification system to instantly verify your bank’s information online. If you decide to send us copies of your bank statements, we’ll be able to offer a 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 in a position to provide you with conditional pre-approval in about 6 hours. Once you’ve signed your pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this could be shorter based on the specifics of each application. Certain offers have been approved within the space of 24 hours.
The fastest way would be to make sure you apply during normal business hours, and allow us to use the modern bank verification link to verify your bank account information online. If you choose to upload documents from your account accounts, it can take a bit longer.
We provide the loan amount between $5,000 to $500,000. When you make an application for a particular amount, we look at a variety of variables in order to assess how much we can lend you well-being of your business and the amount of payments your company can support. The total amount of the loan will be determined by the particular circumstances of your business.
When you apply for a particular amount, we look at a range of aspects to determine how much we can lend you such as well-being of your business and the amount of payments your business is able to afford. The amount you receive from your loan will depend on the specifics for your company.
If you decide to apply for the company credit, we will assess the risk assessment the business and offer you with a customised offer that includes the amount of loan, the term and the interest rates. A business loan is a loan that is priced upfront therefore you will know in advance the total amount payable including any costs, fees, or interest rates.
Interest rates for company loans rates vary due to variables like the amount to be of money borrowed, the business assets the money will be used for in addition to the industry that the business operates in, the long the business has been running for, how long the business has sufficient cash flow to support the loan, and overall health or creditworthiness of the business.
There are no hidden costs with our business loans. You’ll know exactly how much you be required to pay, and at what time, from the day you sign up. 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 are able to apply for a loan with no upfront cost or any obligation to sign up.
The Origination Fee includes the expenses associated with the setting up and management of the loan. The only way to pay this fee if you decide to take the loan. Our Origination Fee is 2.5% of the amount of loan.
You can repay the entire amount of the loan at any point in time.
If you are deciding to do this please talk to one of our helpful business loan experts. We will offer you with details on repayment and an early payment figure. This will be calculated as the sum of the principal balance and any accrued interest at the time of early payout plus 1.5% of the remaining principal and any fees that remain unpaid.
In order to help you avoid missing payments and to work your cash flow cycle we offer repayments either daily or weekly. They will be automatically deducted from your nominated company account.
The security of your personal information, as well as being upfront about how we collect the information we collect, use, share and protect your information, is of paramount importance and an integral aspect of our relationship with you.
Yes. We use industry recognised encryption techniques to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our dedication to the security of our customers as well as their privacy. We employ an exceptionally sophisticated bank verification system that allows you to instantly verify the bank account details online. This allows us to provide quick responses.
Asset-based borrowing occurs when an company owner uses assets they own to get the funds for a loan. The asset can be either an asset belonging to the personal, like the family home or an business asset like a truck or piece of equipment.
The vast majority of lenders, even the major banks, prefer to make loans secured by an asset. If you’re struggling to pay back the loan, your asset may be transferred to the lender. In essence it is an opportunity to secure additional financing taking advantage of the value of what you already own.
For loans up to $150,000 there is no requirement for asset security before you can access the money however, we do require an individual guarantee. So long as you comply with your loan commitments (as stipulated in your loan contract), asset security will never be needed. For loans of over $150,000 generally, you can get a personal guarantee and security in the form of charges on assets.
