The requirements for obtaining an unsecured business loan in Gold Coast of between $5K to $100K are quite minimal.
Looking for more funding? Find out the guidelines for eligibility for our $100K-$500K business loan.
All that’s needed to start is your contact information (company name and your name, as well as email or phone number) along with 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 to get started:
In addition, once we have started with loans that exceed $150,000, you’ll require basic financial statements:
Let’s get started now.
Gold Coast unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 month and cash flow friendly repayments, which are either daily or weekly.
Apply to get this Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get a same day response and the funds could be in your account within 24 hours. Traditional company loans refer to an interest rate per annum plus other fees and charges. Our business loan is a pre-paid loan and you’ll know ahead of time the total amount to be paid, including the interest, fees and charges. Then, it is broken down into a daily or weekly installment amount.
A Small Business Loan can be used for almost every business need, such as managing cash flows, business remodels and marketing, to purchase inventory or new equipment, as general working capital and so much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans range between $100,000 and $500,000 with a fixed-term with a maximum of 36 months. Repayments are either weekly or fortnightly to work with the flow of cash.
A Larger Business Loan has an Origination Fee which is calculated at 2.5% 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. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.
A Larger Business Loan can be used for nearly every business use, including business remodeling, buying inventory or new equipment, as general working capital, and much more. The loan is not available for personal use.
Asset security is required for accessing funds over $150,000. It’s as a result of an charge over assets, which could also include registration through the PPSR or filing as a caveat.
A personal or director’s guarantee is a promise to pay off a credit line that is generally in nature rather than defining security over a particular asset. The person who signs the ensure is personally liable if the business lender is not able to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It reflects security interests that are registered for personal property (including goods or assets). The PPSR permits the priority of personal property assigned in accordance with the date on which a security interest has been registered.
The caveat can be described as a formal document that is filed to offer the public notice of a legal claim on a property.
If you’re seeking larger business loans that is greater than $250K we may be able to provide an initial pre-approval that will help simplify the process. It is possible to apply for this without a credit verification and within six hours of your initial application. This pre-approval is made based on a preliminary assessment which includes answering a couple of financial health questions. This is neither an offer nor a guarantee of financing. Acceptance without condition is subject to an extensive credit evaluation and any offer you receive could be subject to different terms.
You can apply for a company loan if you
The application process is quick and simple. Complete the online form within a couple minutes, and an experienced company credit specialist will be in touch to assist you.
For a loan of 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.
Otherwise, for larger loan sizes, you’ll require:
$100K – $250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Application details including credit consent twelve months bank statement, an IRD statement as well as the two most recent years’ financial statements, and interim financials for the current financial year such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K up to $100,000) we can often offer a response in one hour if you make your application in quality company time and permit us to make use of the advanced bank verification system to instantly verify your bank information online. If you choose to send us copies of your bank statements , we are able to provide an answer in as little as one business day.
For Larger Business Loans ($100K or more) we may be in a position to provide you with conditional pre-approval within six hours. Once you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this may be quicker depending on the circumstances of each application. Certain agreements have been approved in just 24 hours.
The quickest way to apply for you to apply is ensure you apply during normal business hours and permit us to use the advanced bank verification system to verify your bank account information online. If you choose to upload duplicates of your banking statement, it can take a bit longer.
For the Small Business Loan ($5K and up) We can usually offer an answer within one hour, provided you submit your request within standard business times and let us make use of the advanced bank verification system to instantly verify your bank’s information online. If you choose to upload copies of your bank statements, we are able to provide the decision in just the span of one business day.
If you are applying for Larger Business Loans ($100K and up) we may be in a position to offer you with conditional pre-approval in around six hours. Once you’ve signed the pre-approval document, you will need to wait about 2-3 days for final approval, however it could be faster based upon the circumstances for each application. Some offers have been approved in 24 hours.
The most efficient method for you to apply is make sure you apply during normal business hours and permit us to use the advanced bank verification system link to instantly verify your bank account information online. If you opt to upload the copies of bank accounts, it may take a bit longer.
We provide loans that range from $5,000 and $500,000. When you make an application for a particular amount, we take into consideration a range of factors to determine what is the health of your company and the extent of repayments your company can afford. The total amount of your loan will depend on the particular circumstances of your company.
When you make an application for a specific amount we will consider a number of variables to assess how much we can lend you such as well-being that is your company and the level of the repayments your company will be able to support. The total amount of your loan will be determined by the particulars the company.
When you request one of our business financing, we will assess the risk assessment of your company and provide you with a customised offer including the amount of loan, the term and interest rates. The business loan is a loan that is priced upfront therefore you will know in advance the total amount payable including any interest rates, fees or charges.
Interest rates for company loans rates vary due to factors including the amount borrowed, what business assets the funds are used to purchase, the industry the business operates in, the long the company is in operation and what percentage of the business has enough cash flow to fund the loan, and the general health as well as creditworthiness business.
There are no hidden fees with our business loans, and you’ll know exactly how much you’ll need to pay, and at what time, from day one. There’s not any compounding interest and there are no additional charges (as long as you make your payments punctually).
We don’t charge an application fee. You are able to make an application for loans with no upfront cost or obligation to proceed.
The Origination Fee covers the expenses involved with establishing and managing the loan. This is only a fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percent of the amount of the loan.
You may choose to pay back the total amount of your loan in full at any time.
If you choose to pursue this option, please call our helpful business credit professionals. We will provide you with details on repayment along with an early payout estimate. This is calculated as the sum of the remaining principal amount plus any accrued interest as of the time of early payment in addition to 1.5% of the principal remaining as well as any outstanding fees.
To make sure that you don’t miss payments and to work your cash flow cycle we offer repayments that are either daily or weekly. They are automatically deducted from your nominated company account.
Protecting your information, and being upfront about the ways we gather, use, exchange and protect your information, is vital and is a crucial part of our relationship you.
Yes. We employ industry-recognised encryption standards to protect your personal, sensitive and financial data and our funders are ISO 27001 qualified for our commitment to protecting the security of customers and security. We use an advanced bank verification system that allows you to immediately verify your bank account information online, allowing us to offer quick responses.
The term "asset-based" refers to borrowing where the company owner borrows from an asset they own to get the loan. The asset may be an individual asset, such as the family home or a company asset such as a truck or piece of equipment.
The majority of lenders, even the largest banks, are inclined to secure loans against an asset. If you’re having trouble paying back the loan, then your asset may be taken over by the lender. In essence it’s the process of securing new financing using the value of what you already own.
For loans of up to $150K, there is no requirement for asset security upfront to access the money, however we do require a personal guarantee. In the event that you fulfill your loan obligations (as specified in your loan contract) and you are able to meet your obligations, asset security is not needed. If you take out loans in excess of $150K generally, you are able to get personal guarantee and security that is in the form an asset charge.
