The criteria for eligibility for an unsecured business loan in Gold Coast of between $5K and $100K are pretty minimal.
Looking for more funding? Find out the eligibility requirements for our $100K-$500K company loan.
All that is needed to get started is your contact information (company name, your name, email and phone) as well as the amount you’d like to borrow and your monthly revenue.
While in the process and before settlement we will require confirmation of who you are, but not before we can begin:
In addition, once we have started when it comes to loans that exceed $150,000, you’ll also need basic financial statements:
Let’s get started.
Gold Coast unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow friendly repayments which can be made daily or weekly.
Apply to get your Small Business Loan in under 10 minutes online or over the phone, receive an answer within the same day and the funds could be in your account within 24 hours. Traditional business loans have an annual interest rate as well as other fees and charges. This company loan is a loan that is priced upfront so you will know in advance the total amount to be paid, including any fees, interest or charges. This is then broken down into weekly or daily payment amount.
A Small Business Loan can be used for almost every company need, such as cash flow management, company renovations, marketing to purchase inventory, new equipment, as general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans range from $100,000 to $500,000 with a fixed-term that can last up to 36 months. Repayments are either weekly or fortnightly in order to accommodate you cashflow.
A Larger Business Loan has an Origination Fee, which is determined at 2.5 percent of the amount of the loan.
In order to be eligible for a loan of this size the company needs to be operating for at least three years, and have an annual income of $700K. Your business must belong to 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 of proving at minimum 12 months of continuous trading.
A larger company loan can be used for almost every company use, including business remodeling, buying equipment or inventory as well as for general working capital and so much more. The loan is not available for personal reasons.
Asset security is needed to access funding over $150,000. This is by way of charge over assets, and could be registered on the PPSR or the registration of a caveat.
A personal or director’s ensure is a commitment to pay off a credit line that is general in nature, rather than specifying the security for a particular asset. The person signing the guarantee is personally accountable 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 reflects security interests which are registered with respect to personal property (including objects or assets). The PPSR allows priority over personal property to be assigned according to the date the security interest that is registered.
The caveat can be described as a formal document that is filed to offer the public notice of a legal claim to property.
If you’re requesting an enterprise loan that exceeds $250K we may be able to provide an initial pre-approval in order to ease the process. We may be able to get this done without a credit check, and within 6 hours of the initial application. This pre-approval is based on an initial evaluation that involves you answering some financial health questions. It’s not an offer or guarantee of credit. The approval of a conditional loan is subject to a full credit assessment and any offer that you may receive may have different terms.
You can apply for a business loan if you;
The application process is fast and easy. Simply complete the online form within a couple minutes, and an experienced business credit specialist will call you to assist you.
To be eligible for up to $100,000, you’ll require the right identification documents (valid Driver’s Licence) as well as a valid NZBN/IRD as well as at least 6 months of bank statements.
For larger loan sizes, you’ll require:
$100K – $250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K – $500K: Application details including credit consent twelve months of bank records, IRD statements and the last two years’ finalised financial statements, plus interim current financial year financials such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K to $100K) we can often offer an answer in just one hour – as long as you apply in standard business times and permit us to utilise the advanced bank verification system to immediately verify your bank account information online. If you opt to upload copies of your banking statements , we are able to offer the decision in as little as one company day.
For Larger Business Loans ($100K and up) we may be likely to offer you with a conditional pre-approval in around six hours. Once you’ve signed the pre-approval form, it will take around 2-3 days for final approval, however it could be faster based on the circumstances of each application. Some transactions have received approval in 24 hours.
The fastest way can be make sure you apply during normal business hours, and permit us to use the advance bank verification to instantly check your bank’s information online. If you send us the copies of bank statements , it will take a little longer.
For the Small Business Loan ($5K to $100K) We can usually provide a response in one hour if you apply in normal business hours and you allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you want to upload copies of your bank statements, we’ll be able to offer the decision within one business day.
If you are applying for Larger Business Loans ($100K to $500K) we could be able to offer the conditional pre-approval in about 6 hours. Once you have signed the pre-approval document, you will require to wait approximately 2-3 days to receive final approval. However, this may be quicker depending on the circumstances of each application. Certain transactions have received approval in 24 hours.
The fastest method is to ensure you apply during normal business hours and allow us to use the sophisticated bank verification to check your bank’s information online. If you decide to send us documents from your account statement, it may take a bit longer.
We provide the loan amount between $5,000 and $500,000. When you make an application for a specific amount we consider a variety of factors in order to assess your well-being that is your business as well as the amount of payments your company will be able to support. The amount you receive from your loan will be contingent on the particular circumstances that are unique to your business.
If you apply for a certain amount, we take into consideration a variety of variables to assess how much we can lend you such as health for your company and the amount of repayments that your business will be able to support. The amount you receive from your loan will be determined by the particular circumstances for your business.
If you decide to request our company financing, we will assess the risk assessment of your company and provide an individualised proposal that includes the amount of the loan, the duration and interest rates. This company loan is an upfront priced loan therefore you will know the exact amount you will have to pay, including interest rates, fees or charges.
Interest rates for business loans rates depend on a variety of factors including the amount that is borrowed, what business assets the funds are used to purchase in addition to the industry that the company is operating in, how long the company has been in operation for, whether the business has sufficient cash flow to pay for the loan, and also the general well-being or financial standing of the business.
There aren’t any hidden charges for our business loans. You’ll be aware of the amount it is that you need to pay and at what time, from the very first day. There’s no compounding interest and the loan comes with no additional fees (as as you make your payments punctually).
We do not charge an Application Fee. You are able to apply for a loan absolutely no upfront cost and no commitment to apply.
The Origination Fee covers the costs associated in establishing and managing the loan. It is only charged for this cost if you take out the loan. The Origination Fee for us is 2.5% of the amount of loan.
You can decide to repay all of your loan at any point in time.
If you choose to do this please talk to one of our helpful company loans professionals. They will provide you with details on repayment and an early payment figure. This is calculated as the sum of the principal balance plus any accrued interest as of the time of the early payout, plus 1.5% of the principal balance as well as any outstanding fees.
To make sure that you don’t miss payments and to work with your cash flow cycle we provide repayments either daily or weekly. They will be automatically deducted from your business account.
Security of your data, and knowing how we collect data, process, exchange and protect your information, is of huge importance and an integral part of our relationship you.
Yes. We use industry recognised encryption protocols to safeguard your personal, sensitive financial information and our funders are ISO 27001 certified for our commitment to customer security and security. We employ a highly sophisticated banking verification system to immediately confirm your bank account information online to offer quick responses.
An asset-based loan is when the business owner utilises an asset they own to get the loan. The asset could be an asset belonging to the personal, like the family home, or a business property like a truck or piece or equipment.
The vast majority of the lenders not just the largest banks, are inclined to make loans secured by an asset. If you are having difficulty paying back the loan then your asset may be sold by the lender. In essence, it’s an opportunity to secure new funding using the worth of the asset you already have.
For loans of up to $150K, no asset security is required upfront to access the money but we require a personal guarantee. need a personal guarantee. As long as you follow your loan obligations (as specified in your loan contract document), asset security will never be required. For loans of over $150,000 generally, you are able to get the option of a personal ensure and security in the form the charge of assets.
