The criteria for eligibility for an unsecured business loan in Gold Coast of between $5K and $100K are fairly minimal.
Looking for more funding? Take a look at the guidelines for eligibility for our $100K-$500K business loan.
All you need for starting is your contact details (the name of your company, your name, email or phone number) as well as the amount you’d like to borrow and your monthly income.
In the course of the process and before settlement we will require confirmation of your identity, but not to get started:
After we start, for loans that exceed $150,000, you’ll also need basic financial statements:
Let’s get started.
Gold Coast unsecured loans provides the range of $5,000 to $100,000 with terms between 3 and 24 months and cash flow friendly repayments which can be made daily or weekly.
The application to this Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get an immediate response, and the funds could be in your account within 24 hours. Traditional company loans are based on an interest rate per annum plus other fees and charges. Our company loan is a loan that is priced upfront which means you know ahead of time the amount you will have to pay, including any fees, interest or charges. Then, it is broken down into either weekly or daily repayment figure.
The Small Business Loan can be used for virtually any business need, such as the management of cash flow, company renovations, marketing, to purchase inventory or new equipment, or as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger loan size to support company growth opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of up to 36 months. Repayments are either weekly or fortnightly to work with your cash flow.
This Larger Business Loan has an Origination Fee that is determined at 2.5 percent of the amount of the loan.
To be eligible for a credit of this size the company needs to have been in operation for at least 3 years and have an annual turnover of at least $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A large business loan can be used for nearly any company reason, such as company remodeling, buying new equipment or inventory or as general working capital and much more. The loan cannot be used for personal purposes.
Asset security is necessary for accessing funds over $150,000. This can be done in the form of a charge over assets, and may include the registration of this on the PPSR or the registration of as a caveat.
A director’s or personal ensure is a promise to repay a loan which is general in nature, rather than defining security over an asset. The person signing the ensure is personally liable if the business borrower 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 that are registered for personal property (including goods or assets). The PPSR allows prioritisation over property that is personal to be granted according to the date the registration of a security interest.
Caveats are legal document lodged to provide an official notice of a claim to property.
If you’re seeking larger business loans that exceeds $250,000 it is possible to offer an initial pre-approval in order to simplify the process. It is possible to apply for this without a credit check, and within six hours of your initial application. This pre-approval is based on an initial evaluation that involves you answering a few financial health checks. It’s not an offer of credit or guarantee of funds. Acceptance without condition is subject to an assessment of your creditworthiness and any offer that you are offered could have different conditions.
You are eligible to apply for an company loan if you:
The application process is simple and easy. Just fill out the online application within a few minutes and a dedicated business expert in lending will contact you to guide you through the process.
To apply for up $100,000 you’ll need ID details (valid Driver’s Licence) along with an active NZBN/IRD, and at least six months of bank statements.
For larger loan sizes, you’ll also require:
$100K-$250K: Details of application, including credit consent, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K-$500K: Details for application including credit consent and 12 months of bank statements, IRD statements, last 2 years finalised financial statements, as well as interim financial statements for the current year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K to $100K) we typically provide an answer within one hour – as long as you apply during standard business times and allow us to utilise the advanced bank verification system to instantly verify your bank details online. If you opt to upload copies of your banking statement, we’ll provide the decision within just an company day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we might be in a position to provide you with conditional pre-approval in about six hours. Once you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, it could be faster based on the circumstances of each application. Some deals have been approved in the space of 24 hours.
The fastest way can be make sure you apply during normal company hours and let us use the advance bank verification link to verify your bank account information online. If you opt to upload duplicates of your banking accounts, it will take a little longer.
For the Small Business Loan ($5K or more) we typically offer a response in one hour if you apply at standard business times and permit us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you want to upload copies of your banking statements we can offer an answer within the span of one business day.
For Larger Business Loans ($100K and up) we could be able to provide you with conditional pre-approval in about 6 hours. Once you’ve signed your pre-approval document, you will need to wait about 2-3 days for final approval. However, this may be quicker depending upon the circumstances for each application. Some agreements have been approved within just 24 hours.
The most efficient method would be to make sure you apply during normal business hours. You can also allow us to use our advanced bank verification system to instantly verify your bank information online. If you opt to upload duplicates of your banking statements, it takes a bit longer.
We offer loans ranging from $5,000 and $500,000. If you apply for a specific amount we take into consideration a range of variables in order to assess how much we can lend you well-being for your business and the amount of repayments your company can afford. The total amount of your loan will depend on the specifics for your company.
If you apply for a set amount, we will consider a number of elements to assess the health that is your business and the extent of payments your business is able to afford. The amount you receive from your loan will depend on the particular circumstances the business.
If you decide to apply for business loans with us business financing, we’ll assess the risk profile for your company and offer you with a tailored proposal that includes loan amount, term and interest rates. A business loan is an upfront cost loan therefore you will be aware in advance of the total amount payable including any charges, interest rates or fees.
Business loan interest rates differ based on various factors like the amount of money borrowed, the company assets the funds will be used for in addition to the industry that the business operates in, how long the company has been operating, what percentage of the business has enough cash flow to fund the loan, and the overall health or financial standing of the business.
There aren’t any hidden costs with our business loans, and you’ll know precisely how much you’ll need to pay and when, starting from day one. There’s not any compounding interest and no additional fees (as long as you make your payments punctually).
We don’t charge an application fee. You are able to get a cash loan with with no upfront cost or any obligation to sign up.
The Origination Fee covers the expenses involved with setting up and managing the loan. It is only charged for this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percent of the loan amount.
You can choose to repay the entire amount of the loan in full at any time.
If you decide to do this please contact our helpful company lending professionals. The professionals will provide you with repayment details as well as an early payout amount. This will be calculated as the sum of the remaining principal amount plus any accrued interest as of the time of early payment plus 1.5% of the principal amount remaining and any outstanding fees.
To help you avoid missing repayments and to fit in with your cash flow cycle we provide payments that are either weekly or daily. These are automatically deducted from your designated business account.
Protecting your information, and being transparent about how we collect data, process, exchange and secure your information, is of huge importance and is an essential aspect of our relationship with you.
Yes. We use industry recognised encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 qualified for our dedication to customer security and privacy. We make use of an advanced bank verification system link to instantly verify the bank account details online. This allows us to offer rapid response.
The term "asset-based" refers to borrowing where the business owner makes use of the assets they have to obtain the funds for a loan. The asset can be either a personal asset like the family home, or a company asset like a truck or other piece of machinery.
The majority of lending institutions, even the major banks, prefer to secure loans against assets. If you are having difficulty paying back the loan, your asset may be sold by the lender. In essence, it is an opportunity to secure new funding using the worth of the asset you already have.
For loans of up to $150,000, no asset security is required upfront to access the money However, we require a personal guarantee. require the personal guarantee. So long as you comply with the terms of your loan (as detailed in the loan contract), asset security will never be needed. For loans of over $150,000 generally, there is the option of a personal guarantee and security is provided in the form of the charge of assets.
