The requirements for obtaining an unsecured business loan in Gold Coast of between $5K and $100K are pretty minimal.
Need more funds? Check out the eligibility requirements for our $100K to $500K company financing.
All that’s needed to begin is your contact details (the name of your company, your name, email, phone) along with the amount you’d like to lend, as well as your monthly income.
Through the process and before settlement we will need confirmation of who you are but not to get started:
After we start in the process, for loans of more than $150,000 you’ll need basic 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 months. They also offer cash flow friendly repayments which can be made daily or weekly.
The application for your Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an answer within the same day and the money could be in your account within 24 hours. Traditional company loans reference an interest rate per annum together with additional fees and charges. We offer a company loan is an upfront priced loan so you will be aware in advance of the total amount payable including the interest, fees and charges. This is then broken down into either weekly or daily repayment figure.
The Small Business Loan can be used for almost every business use, including control of cash flow business improvements, advertising to purchase inventory or new equipment, to fund general working capital and so much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help business growth opportunities. The loan ranges from $100,000 to $500,000 over a fixed term up to 36 months. The repayments are made weekly or fortnightly, depending on your situation.
The Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the amount of the loan.
In order to be eligible for a loan in this amount the business needs to be operating for at least three years with an annual turnover of at least $700K. Your company must belong to a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand company (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.
A larger business loan is a great option for almost all company need, including company improvements, purchasing equipment or inventory as well as for general working capital and so much more. The loan cannot be used for personal use.
Asset security is necessary to access funding over $150,000. It’s as a result of an charge on assets, and could include the registration of this through the PPSR or filing as a caveat.
A director’s or personal guarantee is a guarantee to repay a loan which is generally based rather than specifying the security of a specific asset. The person signing the guarantee is personally liable in the event that the business lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including items or assets). The PPSR allows preference over private property assigned according to the date a security interest has been registered.
A caveat is a legal form of document to provide notice of a legal claim against a property.
If you’re seeking an enterprise loan that is greater than $250K, we may offer an initial pre-approval in order to simplify the process. We may be able to apply for this 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 a few financial well-being questions. It is not an offer or guarantee of funds. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you are offered could be on different terms.
You are eligible to apply for an business loan if you
The application process is quick and easy. Just fill out the online application within a couple minutes, and a dedicated company lending specialist will call you to guide you through the process.
To be eligible for up to $100,000 you’ll require the right identification documents (valid Driver’s Licence) along with a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll require:
$100K to $250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Application details including credit consent twelve months of bank statements, IRD statements and the last two years’ finalised financial statements, as well as interim financials for the current financial year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K and up) we usually offer a response in one hour – as long as you apply in quality company time and allow us to make use of the advanced bank verification system link to instantly verify your bank’s information online. If you want to send us copies of your bank statements we can offer an answer within just 1 company day.
For the Larger Business Loan ($100K and up) we might be in a position to offer you with conditional pre-approval within six hours. Once you have signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, this could be shorter based on the circumstances of each application. Certain deals have been approved in just 24 hours.
The quickest way to apply can be ensure you apply during normal business hours and allow us to use the advance bank verification to verify your bank information online. If you send us duplicates of your banking statement, it will take a little longer.
For the Small Business Loan ($5K and up) We can usually provide an answer within one hour – as long as you make your application within normal business times and allow us to utilise the advanced bank verification system to instantly verify your bank details online. If you opt to send us copies of your bank statements we can provide a decision in just one business day.
For Larger Business Loans ($100K up to $500,000) we could be able to offer you with a conditional pre-approval in around six hours. Once you’ve signed your pre-approval document, you will require to wait around 2-3 days for final approval, however this may be quicker depending on the circumstances of each application. Some deals have been approved in just 24 hours.
The fastest method would be to make sure you apply during normal business hours, and let us use the advanced bank verification system to confirm your bank details online. If you choose to send us documents from your account statement, it can take a bit longer.
We provide loans that range from $5,000 and $500,000. When you make an application for a certain amount we take into consideration a range of elements for determining your well-being of the company and the extent of repayments that your company is able to afford. The total amount of your loan will depend on the specific circumstances that are unique to your business.
When you apply for a particular amount, we consider a variety of elements to assess your health of your company and the amount of payments your company will be able to support. The amount you receive from your loan will be determined by the specifics of your business.
If you decide to request business loans with us company loans, we will assess the risk profile that you have for your company and provide you with a tailored offer that includes the amount of the loan, the duration and the interest rates. This company loan is an upfront priced loan which means you know the exact amount to be paid, including any charges or interest.
Business loan interest rates vary due to factors such as the amount that is borrowed, the business assets the money will be used for in addition to the industry that the company is in, how long the company is in operation for, in the event that the company has enough cash flow to support the loan, and also the overall well-being as well as creditworthiness business.
There aren’t any hidden costs for our business loans, and you’ll know precisely how much 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 long as you make your payments punctually).
We don’t charge an Application Fee. You are able to request a credit loan no cost upfront or commitment to apply.
The Origination Fee is the cost associated with establishing and managing the loan. It is only charged for this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percent of the loan amount.
You may choose to pay back the total amount of your loan in full at any time.
If you do decide to pursue this option, please call our helpful business loan professionals. We will provide you with repayment details and an early payout figure. The figure will be calculated as the total of the remaining principal amount and the accrued interest up to the time of early payment plus 1.5% of the principal balance plus any outstanding fees.
To ensure you do not miss payments and to work your cash flow schedule, we provide payments that are either daily or weekly. These are automatically withdrawn from your designated company account.
The security of your personal information, as well as knowing how we collect, use, exchange and secure your information, is of huge importance and an integral part of our relationship you.
Yes. We make use of industry-standard encryption techniques to protect your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to customer security and security. We utilise a sophisticated bank verification system link to immediately verify your bank account information online, allowing us to provide rapid response.
Asset-based borrowing occurs when the company owner borrows from an asset that they own to make the loan. The asset could be an individual property, such as the family home, or an business property like a truck or piece of equipment.
The majority of banks, including the big banks, tend to make loans secured by assets. If you’re having trouble paying back the loan, then your asset may be taken over by the lender. In essence, it is the process of securing new financing using the worth of the asset you already have.
Up to $150K in loans no asset security is required before you are able to access the money However, we do need an individual guarantee. So long as you comply with the terms of your loan (as detailed in your loan contract) and you are able to meet your obligations, asset security is not needed. For loans of over $150,000 generally, you can get the option of a personal guarantee and security in the form an asset charge.
