The criteria for eligibility for an unsecured business loan in Gold Coast of between $5K and $100K is fairly low.
Are you looking for additional funding? Review the guidelines for eligibility for our $100K to $500K company financing.
All that’s needed to start is your contact information (the name of your company, your name, email and phone) along with the amount you’d like to borrow, as well as your monthly income.
In the course of the process and before settlement we’ll need confirmation of who you are, but not before we can begin:
Additionally after we get started, for loans of more than $150,000 you will also need fundamental financial statements:
Let’s get started now.
Gold Coast unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 months and cash flow-friendly repayments which can be made daily or weekly.
You can apply for this Small Business Loan in under 10 minutes online or on the phone. You’ll receive a same day response and have the funds in your account in 24 hours. Traditional business loans reference an annual interest rate as well as other fees and charges. Our business loan is an upfront priced loan therefore you’ll be aware in advance of the total amount to be paid, including any interest, fees or charges. This is then broken down into a daily or weekly payment amount.
The Small Business Loan can be used for almost any company purpose including control of cash flow company improvements, advertising to purchase inventory, new equipment, or as general working capital, and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger loan size to support company growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term with a maximum of 36 months. The repayments are made weekly or fortnightly to work with your cash flow.
A Larger Business Loan has an Origination Fee that is calculated at 2.5% of the loan amount.
To be eligible for a loan of this size the business needs to be trading for at least 3 years and have an annual turnover of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old or have a New Zealand business (with a valid NZBN/IRD) and be able to prove at least 12 months of trading.
A large business loan can be used for almost any company reason, such as company renovations, to purchase new equipment or inventory or as general working capital and much more. The loan is not available for personal reasons.
Asset security is required for funding of more than $150,000. This is as a result of an charge over assets and can be registered through the PPSR or making a caveat.
A director’s or personal guarantee is a promise to pay back a loan that is generally in nature rather than defining the security of a specific asset. The person who is signing the guarantee is personally liable if the business creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It reflects security interests registered in respect of personal property (including items or assets). The PPSR gives preference over private property assigned depending on the date that a security interest that is registered.
A caveat is a legal document filed to offer notice of a legal claim against a property.
If you’re seeking the Larger Business Loan that exceeds $250K we can offer an initial pre-approval to ease the process. We may be able to get this done without a credit verification and within 6 hours of the initial application. The pre-approval process is based on an initial assessment, which involves you answering a few financial well-being questions. This is not an offer or guarantee of credit. The approval of a conditional loan is subject to a full credit assessment and any offer you receive could be based on different terms.
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 loan specialist will contact you to assist you.
To apply for up to $100,000 you’ll require identification details (valid Driver’s License) along with an active NZBN/IRD, and at least 6 months’ worth of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K-$250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Information on the application including credit consent as well as 12 month bank accounts, the IRD statements, last 2 years finalised financial statements, as well as 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 usually offer an answer in just one hour – as long as you submit your request during standard company times and let us utilise the bank verification system link to instantly verify your bank details online. If you want to upload copies of your bank statements , we’ll be able to provide the decision in just the span of one business day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we may be in a position to offer you with pre-approval conditional to your application within about six hours. After you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval, however this could be shorter based upon the circumstances for each application. Some deals have been approved in less than 24 hours.
The most efficient method would be to make sure you apply during standard company hours. Also, allow us to use our advance bank verification to verify your bank information online. If you choose to send us the copies of bank statements it may take a bit longer.
For the Small Business Loan ($5K up to $100,000) we typically provide an answer in just one hour – as long as you make your application within standard business times and let us use the bank verification system link to instantly verify your bank’s information online. If you want to upload copies of your bank statement, we’ll offer an answer in as little as one business day.
If you are applying for Larger Business Loans ($100K and up) we might be likely to offer you with conditional pre-approval in around six hours. Once you’ve signed your pre-approval form, it will take approximately 2-3 days to receive final approval. However, this can be faster depending upon the circumstances for each application. Certain deals have been approved within 24 hours.
The quickest method can be ensure you apply during normal business hours and allow us to use the advance bank verification to instantly verify your bank account information online. If you choose to send us documents from your account statements, it will take a little longer.
We provide loans that range from $5,000 to $500,000. When you submit an application for a particular amount, we will consider a number of aspects for determining your well-being for your business and the level of the repayments your business can support. The amount you receive from your loan will depend on the specifics the business.
When you apply for a certain amount, we will consider a number of variables to assess your well-being that is your company and the level of payments your company will be able to support. The amount you receive from your loan will be determined by the specifics the company.
If you decide to request the company credit, we’ll assess the risk assessment that you have for your business and offer you with a customised offer, including the loan amount, the terms and the interest rates. The business loan is an upfront priced loan therefore you will know the exact amount to be paid, including any interest rates, fees or charges.
Interest rates for business loans rates depend on several factors including the amount that is borrowed, what company assets the money are used to purchase, the industry the company is operating in, how long the business has been operating as well as in the event that the business has enough cash flow to fund the loan, and general health as well as creditworthiness company.
There are no hidden fees for our company loans. You’ll know precisely how much it is that you be required to pay and when, from the very first day. There’s no compounding interest and no additional fees (as long as you make your payments punctually).
We don’t charge an Application Fee. You can apply for a loan with no upfront cost or obligation to proceed.
The Origination Fee covers the expenses involved in establishing and managing the loan. The only way to pay this fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the loan amount.
You can repay the entire amount of the loan in full at any time.
If you decide to do this please speak to our friendly company loan professionals. We will offer you with details on repayment as well as an early payout amount. This will be calculated as the sum of the principal balance and any accrued interest at the time of early payout plus 1.5% of the principal amount remaining plus any outstanding fees.
In order to help you avoid missing payment dates and to align your cash flow schedule, we provide repayments either daily or weekly. These are automatically withdrawn from your nominated business account.
The security of your personal information, as well as being upfront about the ways we gather data, process, exchange and protect your information, is crucial and a vital part of our relationship you.
Yes. We use industry recognised encryption protocols to safeguard your personal, sensitive and financial data and our funders are ISO 27001 qualified for our dedication to protecting the security of clients and privacy. We utilise a sophisticated bank verification system to instantly verify the bank account details online. This allows us to provide a fast response.
Asset-based borrowing occurs when a company owner borrows from the assets they have to get the funding. The asset may be a personal asset like the family home or a business property like a truck or piece or equipment.
The majority of lenders, even the largest banks, are inclined to guarantee loans against an asset. If you’re struggling to pay back the loan, your assets could be taken over by the lender. In essence it is means of securing new financing by using the worth of the asset you already own.
For loans of up to $150K, the requirement for asset security is not required in advance to gain access to the funds, however we require a personal guarantee. require a personal guarantee. So long as you comply with the loan terms (as detailed in your loan contract) and you are able to meet your obligations, asset security is not required. For loans of over $150K generally, you can get a personal guarantee and security in the form an asset charge.
