The requirements for getting an unsecured business loan in Gold Coast of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Check out the eligibility requirements for our $100K-$500K company loans.
All you need to start is your contact details (company name and your name, as well as email, phone) and the amount you’d like to lend, and your monthly revenue.
Through the process and before settlement we’ll need confirmation of who you are however, not in order to begin:
Additionally after we get started in the process, for loans greater than $150,000 you’ll also need basic financial statements.
Let’s get started.
Gold Coast unsecured loans provides amounts between $5,000 and $100,000. Terms range from 3 and 24 month and cash flow-friendly repayments, which are either daily or weekly.
You can apply for the Small Business Loan in under 10 minutes online or over the phone, receive an instant response and the funds could be available in just 24 hours. Traditional company loans have an interest rate per annum plus other fees and charges. The business loan is a loan that is priced upfront so you will know ahead of time the amount you will have to pay, including any fees, charges or charges. This is then broken down into either weekly or daily repayment figure.
A Small Business Loan can be used for virtually every business need, such as the management of cash flow, company improvements, advertising to purchase inventory, new equipment, for general working capital and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans range between $100,000 and $500,000 for a fixed period of that can last up to 36 months. The repayments are made weekly or fortnightly to work with you cashflow.
The Larger Business Loan has an Origination Fee, determined at 2.5 percent of the loan amount.
To qualify for a loan in this amount, your business needs to have been in operation for at least 3 years and generate an annual revenue of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A larger business loan is a great option for almost any company need, including business renovations, purchase of new equipment or inventory for general working capital and much more. The loan is not available for personal reasons.
Asset security is necessary for accessing funds over $150,000. It’s in the form of a charge against assets, and may be registered with the PPSR or the registration of as a caveat.
A director’s or personal ensure is a promise to pay off a credit line that is generally based rather than specifying security over an asset. The person who signs the guarantee is personally liable in the event that the company creditor is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including objects or assets). The PPSR permits priority over personal property to be granted depending on the date that a registration of a security interest.
A caveat is a legal document filed to offer notice of a legal claim on a property.
When you’re applying for larger company loans of $250,000 or more we may be able to provide a preliminary pre-approval to help make the process. We may be able to make this decision without a credit check, and within six hours of your initial application. The pre-approval is based upon a preliminary assessment which includes the answer to a series of financial well-being checks. It’s not an offer or guarantee of financing. A conditional approval is subject an assessment of your creditworthiness and any offer that you might receive could be based on different conditions.
You can apply for an company loan if you;
The process for applying is fast and easy. Simply complete the online form in few minutes and a dedicated business lending specialist will contact you to guide you.
To apply for up to $100,000, you’ll require the right identification documents (valid Driver’s License) and an NZBN/IRD that is valid and at least six months worth of bank statements.
For larger loan sizes, you’ll also need:
$100K – $250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Information on the application including credit consent, 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, plus interim financials from the current financial year such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K or more) we typically provide an answer in just one hour, provided you make your application within standard company hours and permit us to make use of the advanced bank verification system link to instantly verify your bank’s information online. If you choose to submit copies of your bank statements we can offer a decision in just 1 business day.
For the Larger Business Loan ($100K and up) we may be able to offer you with pre-approval conditional to your application in around six hours. After you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval, however this may be quicker depending on the circumstances of each application. Some agreements have been approved in 24 hours.
The quickest way to apply for you to apply is make sure you apply during standard business hours. Also, permit us to use the advanced bank verification system link to confirm your bank details online. If you choose to upload documents from your account statement, it takes a bit longer.
For the Small Business Loan ($5K and up) we typically provide a response in one hour – as long as you submit your request within standard business time and permit us to make use of the advanced bank verification system link to instantly verify your bank’s information online. If you choose to submit copies of your bank statements, we will be able to offer an answer in just an business day.
If you are applying for Larger Business Loans ($100K to $500K) we could be in a position to offer the conditional pre-approval within six hours. Once you have signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this can be faster depending on the particular circumstances of each application. Some agreements have been approved in the space of 24 hours.
The fastest method is to ensure you apply during standard business hours, and permit us to use the advance bank verification link to confirm your bank details online. If you choose to upload duplicates of your banking accounts, it may take a bit longer.
We provide loans ranging from $5,000 to $500,000. When you make an application for a certain amount we look at a variety of aspects that determine how much we can lend you health that is your company and the level of repayments your business can support. The total amount of the loan will be determined by the particular circumstances that are unique to your business.
When you submit an application for a certain amount, we consider a variety of variables to assess how much we can lend you such as well-being of the company and the amount of repayments that your business can afford. The total amount of the loan will be determined by the specifics of your business.
If you decide to apply for our business loans, we’ll assess the risk profile for your company and provide an individualised offer that includes loan amount, term and the interest rates. This business loan is a loan that is priced upfront so you will know the exact amount you will have to pay, including interest rates, fees or charges.
The interest rates on business loans rates vary due to factors including the amount borrowed, the business assets the funds are used to purchase as well as the field the business is in, how long the business has been running, what percentage of the business has enough cash flow to support the loan, and the general health or financial standing of the company.
There are no hidden fees for our company loans, and you’ll know precisely what you need to pay and when, starting from the very first day. There’s no compounding and no additional fees (as as you make your payments in time).
We don’t charge an Application Fee. You can apply for a loan no cost upfront or any obligation to sign up.
The Origination Fee covers the costs associated with establishing and managing the loan. You are only charged this cost if you take out the loan. Our Origination Fee is 2.5 percent of the amount of the loan.
You can choose to repay the entire amount of the loan in full at any time.
If you do decide to do this please speak to our friendly business lending experts. They will offer you with details for repayment and an early payout figure. The figure will be calculated as the total of the remaining principal amount and any accrued interest at the time of early payout, plus 1.5% of the principal amount remaining as well as any outstanding fees.
To make sure you do not miss repayments and to fit in with your cash flow cycle we offer repayments that are either weekly or daily. These are automatically deducted from the nominated company account.
Making sure that your information is secure, and being upfront about the ways we gather information, use it, and exchange it, as well as protect your information, is crucial and a vital aspect of our relationship with you.
Yes. We make use of industry-standard encryption standards to secure your personal, sensitive and financial data and our funders are ISO 27001 qualified for our dedication to security for our customers and privacy. We use an advanced bank verification system that allows you to immediately verify the bank account details online so we can offer rapid response.
Asset-based borrowing is when a business owner uses assets they own to secure the funding. The asset could be a personal asset like the family home or an business asset such as a vehicle as well as a piece of machine.
The vast majority of lenders, including the banks with the biggest size, prefer to secure loans against assets. If you’re having trouble paying back the loan, then your assets could be taken over by the lender. In essence, it is the process of securing new funding taking advantage of the value of what you already own.
For loans up to $150K no asset security is required in advance to gain access to the funds However, we do need an individual guarantee. So long as you comply with the loan terms (as detailed in your loan contract) Asset security is not required. If you take out loans in excess of $150K typically, you will need the option of a personal guarantee and security that is in the form an asset charge.
