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 eligibility requirements for our $100K to $500K business loans.
All that’s required to start is your contact information (the name of your company, your name, email, phone) as well as the amount you’d like to borrow, and your monthly income.
Through the process and before settlement we will require confirmation of who you are, but not to get started:
After we start, for loans greater than $150,000 you will also need basic financial statements.
Let’s get started now.
Gold Coast unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 months, cash flow-friendly repayments, which are either daily or weekly.
The application for your Small Business Loan in under 10 minutes on the phone. You’ll receive a same day response and the money could be in your account within 24 hours. Traditional company loans refer to an annual interest rate as well as other fees and charges. Our company loan is an upfront priced loan therefore you’ll know ahead of time the total amount to be paid, including the interest, fees and charges. Then, it is broken down into either a daily or weekly repayment figure.
The Small Business Loan can be used for nearly every business use, including managing cash flows, company improvements, advertising to purchase inventory, new equipment, to fund general working capital and much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger loan size to support company growth opportunities. Loans range from $100,000 to $500,000 for a fixed period of that can last up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate your situation.
This Larger Business Loan has an Origination Fee, which is determined at 2.5 percent of the loan amount.
To qualify for a loan that is this large the business needs to be trading for at least 3 years and have an annual turnover of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of continuous trading.
A Business Loan of a larger size can be used for almost any company purpose including company renovations, purchase of inventory or new equipment, 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 on assets, and could be registered in the PPSR or filing as a caveat.
A personal or director’s guarantee is a guarantee to repay a loan which is general in nature, rather than specifying security over an asset. The person who is signing the ensure is personally accountable if the business the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It contains security interests which are registered with respect to personal property (including the assets or goods). The PPSR permits the priority of personal property assigned according to the date the security interest that is registered.
A caveat is a legal document that is filed to provide the public notice of a legal claim to property.
If you’re seeking an enterprise loan of $250K or more we may be able to provide an initial pre-approval in order to simplify the process. We might be able to make this decision without a credit check and within 6 hours of your initial application. The pre-approval is based upon a preliminary assessment which includes the answer to a series of financial well-being questions. This is not an offer or guarantee of credit. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you might receive could be subject to different conditions.
You may be eligible for a company loan if you
The application process is fast and simple. Just fill out the online application within a few minutes and an experienced company expert in lending will be in touch to assist you.
To apply for up to $100,000, you’ll need identification details (valid Driver’s License) as well as a valid NZBN/IRD and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K – $250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K – $500K: Details for application including credit consent twelve months of bank statements, IRD statement Last 2 years’ finalised financial statements, plus interim current financial year financials including Aged Payables, Aged Receivables summary.
For an unsecured loan ($5K up to $100,000) we usually provide an answer in just one hour if you make your application within quality business hours and permit us to use the advanced bank verification system to instantly verify your bank details online. If you decide to submit copies of your bank statements we can offer an answer within 1 business day.
For Larger Business Loans ($100K to $500K) we could be capable of offer the conditional pre-approval within six hours. Once you have signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this can be quicker based on the specifics of each application. Certain deals have been approved within just 24 hours.
The fastest way is to make sure you apply during normal company hours. You can also let us use the modern bank verification link to instantly verify your bank information online. If you decide to upload documents from your account accounts, it takes a bit longer.
For the Small Business Loan ($5K to $100K) we typically provide an answer in just one hour – provided you apply during standard business time and you allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you decide to upload copies of your bank statement, we’ll provide an answer within the span of one business day.
For the Larger Business Loans ($100K to $500K) we could be in a position to provide you with conditional pre-approval within about six hours. Once you’ve signed the pre-approval form, it will take around 2-3 days for final approval, however this can be faster depending upon the circumstances for each application. Some agreements have been approved within just 24 hours.
The quickest method would be to make sure you apply during standard business hours. Also, allow us to use our advanced bank verification system to instantly check your bank’s information online. If you opt to send us the copies of bank accounts, it will take a little longer.
We provide the loan amount between $5,000 and $500,000. When you make an application for a particular amount, we look at a variety of factors in order to assess what is the well-being of your business and the level of repayments your company can afford. The amount you receive from the loan will be determined by the particular circumstances for your company.
When you make an application for a particular amount, we look at a range of aspects to assess how much we can lend you such as well-being that is your company and the extent of payments your company can afford. The amount you receive from your loan will depend on the particular circumstances the company.
If you decide to request one of our business loan, we’ll assess the risk assessment of your company and provide you with a customised offer including the amount of the loan, the duration and the interest rates. The business loan is an upfront cost loan therefore you will know the exact amount you will have to pay, including costs, fees, or interest rates.
Interest rates for company loans rates differ based on various factors like the amount of money of money borrowed, the company assets the money will be used for in addition to the industry that the company operates in, the long the business has been operating and what percentage of the business has enough cash flow to cover the loan, and the general well-being or creditworthiness 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 no compounding interest and there are no additional charges (as long as you make your payments punctually).
We do not charge an application fee. You can make an application for loans with with no upfront cost or obligation to proceed.
The Origination Fee is the cost associated with setting up and managing the loan. You are only charged this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the loan amount.
You may choose to pay back the entire amount of your loan in full at any time.
If you are deciding to pursue this option, please talk to one of our helpful business loans experts. We will provide you with details on repayment as well as an early payout amount. It will be calculated using the total of the remaining principal amount and the accrued interest up to the time of early payout, plus 1.5 percent 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 offer repayments either daily or weekly. These are automatically withdrawn from your nominated business account.
Security of your data, and being clear about the ways we gather, use, exchange and protect your information, is of huge importance and is an essential aspect of our relationship with you.
Yes. We utilise industry-recognised encryption techniques to protect your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our dedication to the security of our customers as well as their privacy. We use an advanced bank verification system that allows you to immediately verify your bank account details online so we can provide quick responses.
Asset-based borrowing occurs when an business owner uses an asset that they own to obtain the funds for a loan. The asset can be either a personal asset like the family home or a company property like a truck or other piece of machinery.
The majority of lending institutions, even the largest banks, are inclined to guarantee loans against an asset. If you’re struggling to pay back the loan, your asset may be taken over by the lender. In essence, it’s an opportunity to secure additional financing taking advantage of the value of what you already own.
Up to $150K in loans the requirement for asset security is not required prior to the loan’s access but we do require a personal guarantee. In the event that you fulfill your loan commitments (as detailed in your loan contract) Asset security is not required. For loans over $150K generally, there is a personal ensure and security in the form charges on assets.
