A Clayton unsecured business loan is quick and easy to obtain. Get a quick apporval and use the money to grow your company.
What to expect:
The eligibility requirements for an unsecured business loan for a business loan Clayton are fairly minimal.
Call Now 1300 931 496Applying for the company loans within Clayton with us is simple and only takes less than a minute, with no piles of paperwork or long waits.
Get approved and receive your cash within 1 to 2 business days.
We want to assist Clayton businesses of all kinds, including medium, small and even solopreneurs access funding fast so they can use the loan to build and expand their business.
The eligibility requirements for an unsecured business loan in Clayton of between $5K and $100K are pretty minimal.
Do you require more money? Take a look at the guidelines for eligibility for our $100K to $500K business loan.
The eligibility requirements of larger Clayton business loans of between $100K and $500K include:
Looking for a smaller amount of funds? Take a look at the eligibility requirements for our $5K to $100K Clayton unsecured company loans.
A Clayton unsecured loan is great to use for every business purpose. Call us now.
Do you want to start working on one of these projects as soon as tomorrow? Then get in touch with us now or apply online to apply the fastest, most convenient way.
All that’s required for starting is your contact information (the name of your company, your name, email or phone number) along with the amount you’d like to borrow, and your monthly revenue.
In the course of the process and before settlement we will require confirmation of who you are, but not for starting:
After we start with loans of more than $150,000 you’ll also need basic financial statements:
Let’s get started.
With traditional and bank lenders increasing their credit requirements, the steady stream of non-bank and alternative loan providers entering the market offers a great resource to tap into.
Clayton SME’s are now able to access finance through alternate lenders servicing Clayton who are focused on facilitating business growth or smoothing out problems with cash flow. The past was when personal credit sources (drawing equity from the house loan or credit cards in addition to personal loans and overdrafts) provided the most viable alternative funding services in Clayton that were available.
There’s there is no need of having to depend on using real estate to secure business loans. With an unsecured loan business funding is made simple. Instead of a traditional term loan from banks, business finance for an SME with interest rates and loan terms that can help in cash flow are available as business loan options.
There are many advantages associated by separating personal and company debt.
Limit your exposure, make the tax process more simple, apply for an unsecure loan for business. Make an application today.
One big drawcard for keeping your individual and business assets apart can be that your house isn’t necessarily tied up to the funds. For a small business loan within Clayton up to $100K an asset security agreement will not be required as long as the borrower fulfills the loan requirements.
Businesses are in a more advantageous long-term situation if they have a good credit or debt ability to service.
The separation of personal as well as company finances makes it more straightforward in the event of tax time, especially when it comes to determining the tax deductible allocation. The IRD has set out requirements for evidence to be able to claim deductions on the tax return of a company. This is an area where the IRD has specifically advised on.
Effective management of cash flows is vital to the long-term survival that of any business. By keeping personal and business finance separate, businesses can easily view their cash flow, plan and monitor it based on the ability to clearly assess their cash flow position.
Clayton unsecured loans provides the range of $5,000 to $100,000 with terms between 3 and 24 month and cash flow friendly repayments that are either per day or weekly.
The application to the Small Business Loan in under 10 minutes on the phone. You’ll receive an immediate response, and the money could be on your account within 24 hours. Traditional business loans are based on an annual interest rate plus other fees and charges. Our business loan is a cash-based loan and you’ll know in advance the total amount payable including any fees, interest or charges. This is then broken down into weekly or daily amount to be paid back.
A Small Business Loan can be used for almost every company use, including cash flow management, business remodeling, marketing to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger loan size to support business growth opportunities. Loans are between $100,000 and $500,000 for a fixed period of with a maximum of 36 months. Repayments are weekly or fortnightly depending on the flow of cash.
This Larger Business Loan has an Origination Fee which is calculated at 2.5 percentage of the loan amount.
To be eligible for a credit that is this large, your business needs to have been operating for at least three years and have an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A Business Loan of a larger size can be used to fund almost any business purpose including company renovations, purchase of new equipment or inventory as well as for general working capital and much more. The loan is not available for personal use.
Asset security is needed for funding of more than $150,000. It’s by way of charge against assets, which could also be registered with the PPSR or registering a caveat.
A director’s or personal guarantee is a promise to pay off a credit line that is general in nature rather than specifying the security for a particular asset. The person signing the guarantee is personally liable in the event that the company creditor is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It records security interests that have been that are registered for personal property (including goods or assets). The PPSR allows the priority of personal property assigned in accordance with the date on which a security interest has been registered.
The caveat can be described as a formal form of document to offer an official notice of a claim against a property.
When you’re applying for a Larger Business Loan that is greater than $250K we may be able to provide an initial pre-approval in order to smooth out the process. We could be able to get this done without a credit check, and within 6 hours of the initial application. The pre-approval is based upon an initial assessment that includes answering a couple of financial health questions. It is not an offer of credit or guarantee of credit. Acceptance without condition is subject to an extensive credit evaluation and any offer you may receive may have different terms.
You may apply for an business loan if you
The application process is fast and easy. Just complete the online application within a few minutes and an experienced company expert in lending will call you to guide you.
To be eligible for up to $100,000 you’ll require proof of identity (valid Driver’s Licence) along with an active NZBN/IRD, and at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K – $250K: Application requirements, including credit consent, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Details of the application, including credit consent as well as 12 months bank statement, an IRD statements Last 2 years’ finalised financial statements, and interim financial statements for the current year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K or more) we can often provide a response in one hour, provided you apply during standard business timings and allow us to use the advanced bank verification system link to instantly verify your bank’s information online. If you choose to submit copies of your bank statement, we’ll offer a decision in just 1 business day.
For Larger Business Loans ($100K or more) we might be likely to provide you with a conditional pre-approval in about 6 hours. After you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval, however this can be quicker based upon the circumstances for each application. Some offers have been approved within the space of 24 hours.
The most efficient method would be to make sure 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 send us copies of your bank statements , it will take a little longer.
For the Small Business Loan ($5K and up) we usually offer a response in one hour if you submit your request at normal business timings and allow us to make use of the advanced bank verification system link to instantly verify your bank information online. If you opt to upload copies of your banking statement, we’ll provide an answer within an business day.
If you are applying for Larger Business Loans ($100K or more) we could be able to provide you with pre-approval conditional to your application in about six hours. Once you have signed the pre-approval, turnaround times are about 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Some deals have been approved within the space of 24 hours.
The fastest method is to make sure you apply during normal business hours, and permit us to use the advanced bank verification system link to instantly check your bank’s information online. If you opt to send us duplicates of your banking accounts, it will take a little longer.
We provide loans ranging from $5,000 and $500,000. When you make an application for a specific amount we take into consideration a range of variables for determining what is the well-being that is your company and the amount of the repayments your company can afford. The total amount of your loan will depend on the specifics of your company.
When you submit an application for a certain amount, we look at a range of aspects to determine the well-being that is your business and the level of repayments that your business can afford. The amount you receive from your loan will depend on the specific circumstances that are unique to your business.
When you request business loans with us company credit, we’ll assess the risk profile of your business and provide an individualised offer that includes the amount of loan, the term and interest rates. It is a business loan is an upfront priced loan therefore you will be aware of the total amount payable including any costs, fees, or interest rates.
Interest rates for company loans rates vary due to factors like the amount of money that is borrowed, what company assets the funds will be used for, the industry the company is operating in, how long the business has been operating and what percentage of the business has enough cash flow to cover the loan, and overall well-being or creditworthiness of the company.
There are no hidden fees for our company loans, and you’ll know exactly how much you need to pay, and when, right from the very first day. There’s no compounding interest and there are no additional charges (as long as you are able to make your payments on time).
We don’t charge an application fee. You are able to make an application for loans with no upfront cost or the obligation to take action.
The Origination Fee covers the costs associated in establishing and managing the loan. The only way to pay this fee if you decide to take the loan. Our Origination Fee is 2.5% of the loan amount.
You may choose to pay back the entire amount of the advance loan at any time.
If you choose to do this please call our helpful business loan experts. They will offer you with details for repayment as well as an early payout amount. This is calculated as the sum of the principal remaining and accrued interest to the date of early payout in addition to 1.5% of the principal balance and any fees that remain unpaid.
To make sure that you don’t miss payments and to work with your cash flow cycle we provide repayments either daily or weekly. These are automatically withdrawn from your business account.
Making sure that your information is secure, and being upfront about how we collect the information we collect, use, share and safeguard your data, is of paramount importance and is an essential element of our relationship with you.
Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our dedication to the security of our customers as well as their privacy. We use an advanced bank verification system link to instantly verify your bank account details online. This allows us to offer an immediate response.
The term "asset-based" refers to borrowing where a business owner borrows from the assets they have to get the funding. The asset may be an asset belonging to the personal, like the family home, or an company property like a truck as well as a piece of machine.
The majority of lending institutions, including the major banks, prefer to guarantee loans against assets. If you have trouble paying back the loan then your assets could be transferred to the lender. In essence it is the process of securing new funding using the value of what you already own.
For loans up to $150K the requirement for asset security is not required upfront to access the money However, we do require a personal guarantee. If you adhere to your loan commitments (as detailed in your loan contract document) and you are able to meet your obligations, asset security is not needed. For loans of over $150K typically, you will need a personal ensure and security is provided in the form of the charge of assets.
We can’t assist with an unsecured business loan for these types of industries, we may be able assist by providing the secured business loan.
