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Gold Coast Small Business Loans
Providing Specialist Business Finance

Services in Southport

  • Southport Unsecured Business Loan
  • Business Finance Southport
  • Business Lending Southport
  • Southport Business Loans
  • Southport Small Business Finance
  • Southport Business Funding
  • Southport Working Capital
  • Small Business Lending Southport
  • Short Term Business Loan Southport

Business Finance Southport Gold Coast 4215 QLD

Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for obtaining an unsecured business loan in Gold Coast of between $5K to $100K are quite minimal.

  • At least 6 months in business
  • At least $6,000 in income per month
  • Be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or Driver’s License for proof of identity
  • Have a New Zealand bank as your principal trading account
  • Bank statements for the last 6 months

Are you looking for additional funding? Find out the conditions of eligibility for our $100K to $500K company loan.

Quick application checklist

What do you need to apply

All that is needed to begin is your contact details (the name of your company, your name, email and telephone) and the amount you’d like to borrow and your monthly income.

In the course of the process and before settlement we’ll need confirmation of your identity but not before we can begin:

  • Information on Idenfication (valid Driver’s Licence)
  • Business details including trading time as well as ownership information and NZBN (New Zealand Business Number)

Additionally after we get started when it comes to loans of more than $150,000 you’ll also require fundamental financial statements:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Gold Coast Small Business Loans

Tell me about the Gold Coast Small Business Loans

Gold Coast unsecured loans provides amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months and cash flow friendly repayments that are either per day or weekly.

How is the Unsecured Loan different from a traditional company loan?

Apply to the Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get an answer within the same day and funds may be in your account within 24 hours. Traditional company loans have an annual rate of interest plus other fees and charges. We offer a business loan is a cash-based loan which means you know in advance the amount you will have to pay, including the interest, fees and charges. This is then divided into weekly or daily installment amount.

What could be the Small Business Loan be used for?

A Small Business Loan can be used to fulfill almost every business reason, such as control of cash flow company renovations, marketing to purchase inventory or new equipment, or as general working capital and much more. The loan is not available for personal purposes.

Concerning Larger Gold Coast Business Loans

What is the Larger Gold Coast Business Loan?

The Larger Business Loan is a larger size loan to aid in company expansion opportunities. Loans are between $100,000 and $500,000 with a fixed-term with a maximum of 36 months. The repayments are made weekly or fortnightly, depending on the flow of cash.

How’s the Origination Fee determined?

A Larger Business Loan has an Origination Fee, which is calculated at 2.5 percentage of the loan amount.

Am I eligible for the Larger Business Loan?

To be eligible for a loan that is this large, your business needs to have been operating for at least three years with an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.

What can the funds be used for?

A large company loan can be used for nearly all business purpose including company renovations, to purchase equipment or inventory, as general working capital and much more. The loan cannot be used for personal reasons.

Is the Larger Business Loan a secured loan?

Asset security is necessary to obtain funding above $150,000. This is by taking a charge against assets, which could also be registered on the PPSR or making as a caveat.

A director’s or personal ensure is a guarantee to pay off a credit line that is generally in nature rather than stipulating security over an asset. The person who signs the guarantee is personally liable if the company the borrower fails to make the repayment.

The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It lists security interests that are which are registered with respect to personal property (including objects or assets). The PPSR permits the priority of personal property granted according to the date the security interest that is registered.

A caveat is a legal document filed to offer the legal claim against a property.

What is a pre-approval without Credit Check?

If you’re seeking larger business loans of $250,000 or more, we may offer an initial pre-approval that will help simplify the process. We might be able to apply for this without a credit check and within 6 hours of your initial application. This pre-approval is based on an initial assessment, which involves answering a couple of financial health questions. It’s not an offer of credit or guarantee of funds. A conditional approval is subject an assessment of your creditworthiness and any offer you receive could be subject to different terms.

The application process

Are I eligible for funding?

You may be eligible for a business loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are over 18 years, have a New Zealand company (with a valid NZBN/IRD)
  • must show at least six months of business (for the unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K up to $500K)

How do I apply?

The application process is simple and simple. Simply complete the online form in just a few minutes, and an experienced business credit specialist will be in touch to guide you through the process.

To apply for up $100,000 you’ll need identification details (valid Driver’s Licence) as well as a valid NZBN/IRD and at least six months of bank statements.

For larger loan sizes, you’ll require:

$100K to $250K: Application details including credit consent, 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 records, IRD statement Last 2 years’ finalised financial statements, as well as interim financials for the current financial year including Aged Payables, Aged Receivables Summary.

What speed will I be able to get a decision?

For an unsecured loan ($5K or more) we usually provide an answer within an hour, provided you submit your request in standard business time and allow us to use the advanced bank verification system to instantly verify your bank details online. If you want to send us copies of your bank statement, we’ll offer the decision in as little as 1 company day.

For the Larger Business Loan ($100K or more) we may be likely to provide the conditional pre-approval in around six hours. After you’ve signed your pre-approval form, it will take about 2-3 days for final approval, however this could be shorter based on the circumstances of each application. Certain agreements have been approved in 24 hours.

The quickest way to apply for you to apply is ensure you apply during standard business hours. Also, allow us to use the advance bank verification link to instantly verify your bank account information online. If you choose to upload the copies of bank accounts, it can take a bit longer.

What is the time frame to receive the cash?

For the Small Business Loan ($5K to $100K) we usually provide a response in one hour – provided you apply at standard business time and you allow us to make use of the advanced bank verification system link to instantly verify your bank details online. If you choose to send us copies of your bank statement, we’ll provide the decision within an business day.

If you are applying for Larger Business Loans ($100K up to $500,000) We may be capable of offer the conditional pre-approval within about 6 hours. After you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however this can be faster depending on the circumstances of each application. Some transactions have received approval in less than 24 hours.

The most efficient method can be ensure you apply during normal business hours, and allow us to use our advanced bank verification system to check your bank’s information online. If you choose to upload the copies of bank statements, it can take a bit longer.

What’s the minimum amount I can borrow?

We offer the loan amount between $5,000 to $500,000. When you make an application for a certain amount, we look at a variety of factors in order to assess the well-being for your business and the level of the repayments your company can afford. The amount you receive from your loan will be contingent on the specific circumstances for your business.

When you submit an application for a specific amount we will consider a number of factors to determine how much we can lend you such as well-being of the company and the amount of repayments your company will be able to support. The amount you receive from your loan will depend on the particular circumstances that are unique to your company.

Fees & repayments

What is the cost for a company loan?

If you decide to make an application for one of our company loan, we will assess the risk assessment for your company and offer you with a customised proposal that includes the amount of the loan, the duration and interest rates. It is a company loan is an upfront-priced loan which means you know the exact amount payable including any charges, interest rates or fees.

What is the factor that determines the price I will be charged?

Business loan interest rates differ based on various factors such as the amount that is borrowed, the business assets the funds will be used for as well as the field the business operates in, how long the business has been running for, what percentage of the company has enough cash flow to pay for the loan, and general health and creditworthiness of the business.

What are the charges?

There aren’t any hidden charges for our company loans. You’ll know precisely what you’ll need to pay and at what time, from day one. There’s no compounding and the loan comes with no additional fees (as as you make your payments punctually).

We don’t charge an application fee. You are able to request a credit loan without any upfront costs or obligation to proceed.

The Origination Fee includes the expenses associated with establishing and managing the loan. This is only a fee if you proceed with the loan. The Origination Fee for us is 2.5% of the loan amount.

Can I repay the loan earlier?

You can decide to repay all of your loan in full at any time.

If you are deciding to pursue this option, please talk to one of our helpful company loan experts. We will offer you with details for repayment and an early payment figure. The figure will be calculated as the sum of the remaining principal amount and the accrued interest up to the date of early payout plus 1.5% of the principal amount remaining and any outstanding fees.

How do repayments work?

To help you avoid missing payment dates and to align your cash flow schedule, we offer repayments either daily or weekly. These are automatically withdrawn from your business account.

Security & privacy

Will my data be protected?

Making sure that your information is secure, and being clear about how we collect, use, exchange and protect your information, is vital and is an essential aspect of our relationship with you.

Is it safe to link my bank account to the platform?

Yes. We use industry recognised encryption techniques to protect your personal, sensitive financial information and our funders are ISO 27001 qualified for our commitment to customer security and security. We make use of an advanced bank verification system that allows you to immediately verify your bank account information online. This allows us to offer a fast response.

About business loans

What’s an asset-based borrow (a secured loan)?

An asset-based loan is when an company owner uses assets they own to make a loan. The asset may be an individual asset, such as the family home or an company property like a truck or other piece of machinery.

The vast majority of lenders, including the big banks, tend to secure loans against assets. If you’re struggling to pay back the loan, then your assets could be sold by the lender. In essence it is a way of securing additional financing making use of the value of what you already have.

Are I need security to secure a company loan?

For loans that exceed $150,000, there is no requirement for asset security prior to the loan’s access however, we require a personal guarantee. require a personal guarantee. So long as you comply with your loan commitments (as detailed in your loan contract) Asset security is not required. For loans of over $150K generally there is personal guarantee and security in the form a charge over assets.

Gold Coast Small Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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1300 059 672