A Southport unsecured business loan is simple and quick in applying for. Request a quick approval and use the money to grow your company.
You can expect:
The conditions for eligibility for an unsecured business loan within Southport are fairly minimal.
Call Now 1300 059 672Applying for a business loans within Southport with us is simple and only takes about a couple of minutes, there are no mountains of paperwork or queues.
Approved and receive funds within 1 to 2 business days.
We aim to help Southport companies of all types, whether small, medium or solopreneurs to access funds quickly so that they can use the loan to build and expand their business.
The criteria for eligibility for an unsecured business loan in Southport of between $5K and $100K is fairly low.
Need more funds? Find out the guidelines for eligibility for our $100K-$500K company loan.
The criteria to be eligible to be eligible for loans from larger Southport business loans of between $100K and $500K include:
You are looking for a lesser amount of capital? Look over the eligibility requirements for our $5K-$100K Southport unsecured company loans.
A Southport unsecured loan is perfect to use for every company purpose. Get in touch with us today.
Are you looking to start one of these options as early as tomorrow? So, contact us today or send an application online to apply the fastest, most convenient way.
All you need to start is your contact information (company name, your name, email address, phone), how much you’d like to borrow, and your monthly income.
In the course of the process and before settlement we will need confirmation of who you are but not for starting:
Once we’ve started, for loans of more than $150,000 you’ll also require basic financial statements.
Let’s get started now.
With traditional and bank lenders tightening their credit terms and the constant stream of non-bank and alternative loan providers entering the market offers the perfect source for you to make use of.
Southport SME’s are now capable of accessing finance through alternative lenders that service Southport who are focused on enabling company growth or smoothing the cash flow problems. The past was when the personal sources of credit (drawing equity from the home loan, or using credit cards, personal loans and overdrafts) was the sole alternative funding solutions for Southport that were available.
There is now no need in the present to depend on real estate to secure business lending. With an unsecured loan business funding is made simple. Instead of a traditional term loan from a bank, business finance for a small company with interest rates and loan terms that aid in cash flow are around as business credit options.
There are numerous benefits with the separation of personal and business debt.
Limit your exposure, make the tax process more simple, apply for an unsecured busines loan. Apply today.
The main benefit of keeping your personal and company assets apart can be that your house isn’t necessarily tied up to allow access to the funds. For a small business loan within Southport up to $100K, asset security will not be required as in the event that the borrower has met the loan requirements.
Businesses will be in a favourable long-term position if they have a good credit or debt ability to service.
A separation between personal and business finances makes it more seamless with regards to tax time, particularly when determining the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has outlined the rules on the evidence required to claim deductions on an organisation’s tax return. This is a subject that the IRD has advised specifically on.
Effective cash flow management is key for the long-term viability in any company. Through keeping personal and business finances distinct, businesses can easily view, monitor and plan based on their ability to easily assess their cash flow position.
Southport unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow friendly repayments that are either daily or weekly.
Apply for the Small Business Loan in under 10 minutes over the phone. You’ll get a same day response and funds may be available in just 24 hours. Traditional company loans reference an interest rate per annum plus other fees and charges. This business loan is an upfront priced loan and you’ll know ahead of time the total amount payable including any fees, charges or charges. This is then broken down into a daily or weekly amount to be paid back.
The Small Business Loan can be used for almost every company need, such as the management of cash flow, business renovations, marketing for purchasing inventory or new equipment, or as general working capital, and much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term with a maximum of 36 months. Repayments are weekly or fortnightly to work with the flow of cash.
It is crucial to note that the Larger Business Loan has an Origination Fee, calculated at 2.5 percent of the amount of the loan.
In order 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 $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.
A Business Loan of a larger size can be used for nearly any company need, including business renovations, purchase of equipment or inventory or as general working capital, and much more. The loan is not available for personal purposes.
Asset security is needed to access funding over $150,000. This is by taking a charge over assets, and may include registration in the PPSR or making as a caveat.
A director’s or personal ensure is a commitment to pay off a credit line that is general in nature, rather than stating the security for a particular asset. The person who is signing the guarantee is personally responsible if the business the borrower fails 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 registered in respect of personal property (including items or assets). The PPSR gives priority over personal property to be assigned according to the date a security interest has been registered.
The caveat can be described as a formal form of document to provide notice of a legal claim to a property.
If you’re requesting a Larger Business Loan that exceeds $250,000, we may offer an initial pre-approval that will help smooth out the process. We may be able to get this done without a credit verification and within 6 hours of the initial application. This pre-approval is based on a preliminary assessment which includes answering a couple of financial health checks. This is not an offer or guarantee of finance. A conditional approval is subject an exhaustive credit evaluation, and any offer that you may receive may have different terms.
You can apply for an company loan if you
The application process is fast and simple. Just fill out the online application in few minutes and an experienced business credit specialist will be in touch to guide you.
For a loan of up to $100,000, you’ll require identification details (valid Driver’s Licence), a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll require:
$100K – $250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K to $500K: Information on the application including credit consent and 12 months of bank statements, IRD statement and the last two years’ finalised financial statements, as well as interim current financial year financials such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K or more) We can usually offer a response in one hour – as long as you apply within quality business time and allow us to utilise the bank verification system link to instantly verify your bank’s information online. If you choose to upload copies of your bank statements , we are able to provide a decision within just 1 business day.
For Larger Business Loans ($100K to $500K) we may be likely to provide you with pre-approval conditional to your application in around 6 hours. Once you’ve signed the pre-approval document, you will need to wait around 2-3 days for final approval, however this may be quicker depending on the particular circumstances of each application. Certain offers have been approved in less than 24 hours.
The fastest way would be to make sure you apply during normal company hours. Also, allow us to use the advanced bank verification system to check your bank’s information online. If you upload copies of your bank accounts, it takes a bit longer.
For the Small Business Loan ($5K or more) we usually offer an answer in just one hour – provided you make your application during standard business hours and permit us to use the advanced bank verification system link to instantly verify your bank information online. If you decide to upload copies of your bank statements we can provide an answer in just the span of one business day.
For the Larger Business Loans ($100K or more) we may be capable of offer you with pre-approval conditional to your application within about 6 hours. After you’ve signed the 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. Some deals have been approved within less than 24 hours.
The fastest method is to ensure you apply during standard business hours, and allow us to use the advanced bank verification system link to verify your bank information online. If you choose to upload duplicates of your banking statements, it can take a bit longer.
We provide loans ranging from $5,000 and $500,000. When you submit an application for a specific amount we take into consideration a range of variables that determine what is the well-being of the company and the level of repayments your business can afford. The amount you receive from your loan will depend on the particular circumstances that are unique to your business.
When you submit an application for a set amount, we look at a range of variables to determine your health of the business and the amount of the repayments your company is able to afford. The total amount of the loan will be determined by the specific circumstances the company.
When you apply for our company loans, we will assess the risk assessment that you have for your business and offer you with a tailored offer including the loan amount, the terms and the interest rates. A business loan is an upfront cost loan and you’ll be aware of the total amount due, which includes any interest rates, fees or charges.
The interest rates on company loans rates depend on several variables like the amount to be borrowed, what company assets the money are used to purchase in addition to the industry that the business is in, how long the business is in operation and in the event that the business has sufficient cash flow to cover the loan, as well as the overall health and creditworthiness of the business.
There are no hidden costs with our company loans, and you’ll be aware of the amount it is that you need to pay, and when, right from day one. There’s no compounding and no additional fees (as as you make your payments on time).
We don’t charge an Application Fee. You can make an application for loans with without any upfront costs or commitment to apply.
The Origination Fee is the cost associated with setting up and managing the loan. This is only a cost if you take out the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.
You can choose to repay the entire amount of the loan in full at any time.
If you are deciding to pursue this option, please talk to one of our helpful company loan specialists. We will provide you with repayment details and an early payout figure. It will be calculated using the sum of the principal balance plus any accrued interest as of the time of early payout in addition to 1.5% of the principal amount remaining and any outstanding fees.
To make sure that you don’t miss due dates and also to be in line with your cash flow cycle we provide payments that are either weekly or daily. They will be automatically deducted from your nominated company account.
Making sure that your information is secure, and knowing how we collect data, process, exchange and ensure the security of your information is of paramount importance and an integral element of our relationship with you.
Yes. We make use of industry-standard encryption techniques to protect your personal, sensitive financial information and our funders are ISO 27001 certified for our commitment to customer security and privacy. We utilise a sophisticated bank verification system that allows you to immediately verify your bank account information online, allowing us to provide quick responses.
Asset-based borrowing occurs when an business owner utilises assets they own to secure the loan. The asset could be a personal asset like the family home, or an company asset like a truck or piece or equipment.
The majority of the lenders including the big banks, tend to make loans secured by assets. If you’re struggling to pay back the loan, then the asset could be offered for sale by the lender. In essence it is means of securing new financing taking advantage of the value of what you already own.
For loans that exceed $150,000, the requirement for asset security is not required upfront to access the money However, we require a personal guarantee. require a personal guarantee. As long as you follow your loan obligations (as specified in your loan contract document) and you are able to meet your obligations, asset security is not needed. If you take out loans in excess of $150,000 generally there is an individual ensure and security is provided in the form of charges on assets.
Although we cannot assist with an unsecured business loan for these types of industries, we may be able to assist you by providing a secured business loan.
