A Currum Downs unsecured business loan is quick and easy to get. Apply for a loan quickly and use the money in your business.
What you can expect:
The eligibility requirements for an unsecured business loan within Currum Downs are fairly minimal.
Call Now 1300 931 496The process of applying for an business loans within Currum Downs with us is easy and takes only a few minutes, no piles of paperwork or long waits.
Get approved and receive your funds within 1 – 2 business days.
We aim to help Currum Downs companies of all sorts small, medium even entrepreneurs to obtain funding fast so they can make use of the loan to expand and grow.
The eligibility requirements for an unsecured business loan in Currum Downs of between $5K and $100K are pretty minimal.
Looking for more funding? Review the conditions of eligibility for our $100K-$500K business credit.
The requirements for eligibility of larger Currum Downs company loans of between $100K and $500K include:
Are you looking for a lower amount of funding? Take a look at the eligibility requirements for our $5K to $100K Currum Downs unsecured business loans.
A Currum Downs unsecured loan is perfect for virtually every business need. Call us now.
Do you want to begin one of these as soon as tomorrow? Get in touch with us now or apply online for the quickjest fasted way.
All you need for starting is your contact details (the name of your company, your name, email address and phone), how much you’d like to borrow and your monthly income.
In the course of the process and before settlement we will require confirmation of who you are but not to get started:
After we start with loans over $150,000 you’ll also require basic financial statements:
Let’s get started now.
In the wake of traditional lenders and banks restricting credit and the constant stream of non-bank and alternative loan providers that are entering the market provides an incredible source to tap into.
Currum Downs SME’s are now in a position to obtain finance via alternative lenders that service Currum Downs who are focused on facilitating company growth or smoothing cash flow challenges. In the past, private credit options (drawing equity from a house loan, or by using credit cards and personal loans as well as credit cards) could be the best alternative financing solutions within Currum Downs that were available.
There’s an end to the requirement for you to rely on using real estate to secure company loans. With an unsecured loan business funding is simple. Instead of a loan for a term with a bank, business finance for an SME with interest rates and loan terms that can help in cash flow are around as business credit options.
There are substantial benefits associated with the separation of personal and business debt.
Lower your risks, make the tax process more simple, apply for an unsecure company loan. Apply today.
The main benefit of keeping your private and business assets separate will be the fact that your home isn’t required to be tied to allow access to the funds. For a modest business loan within Currum Downs up to $100K asset security won’t be needed as long as the borrower meets their loan obligations.
Companies are in a stable long-term position when they are able to demonstrate credit/debt ability to service.
The separation of personal as well as company finances makes it significantly more straightforward when it comes to tax time, particularly when determining the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the guidelines on the proof required to claim deductions on a company’s tax return. This is a subject that the IRD has advised specifically on.
Effective cash flow management is key for the long-term survival of any company. By keeping your personal finances and company finances distinct, companies can easily view their cash flow, plan and monitor it based on their ability to easily determine their cash flow status.
Currum Downs unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments, which are either daily or weekly.
It is possible to apply to the Small Business Loan in under 10 minutes online or on the phone. You’ll receive an answer within the same day and the funds could be on your account within 24 hours. Traditional company loans reference an annual rate of interest as well as other fees and charges. We offer a business loan is a loan that is priced upfront so you will know ahead of time the total amount due, which includes the interest, fees and charges. This is then broken down into either weekly or daily amount to be paid back.
It is a Small Business Loan can be used for almost any company purpose including the management of cash flow, company improvements, advertising for purchasing inventory or new equipment, for general working capital, and much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger amount of loan to help business expansion 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 the flow of cash.
It is crucial to note that the Larger Business Loan has an Origination Fee which is determined at 2.5 percent of the amount of the loan.
To be eligible for a credit in this amount, your company needs to have been trading for at least 3 years and have an annual turnover of $700,000. 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 to prove at the least 12 months of operating.
A Larger Business Loan can be used for nearly all company reason, such as company renovations, to purchase new equipment or inventory for general working capital, and much more. The loan cannot be used for personal reasons.
Asset security is required to obtain funding above $150,000. It’s as a result of an charge on assets, and may include the registration of this through the PPSR or filing as a caveat.
A director’s or personal guarantee is a guarantee to repay a loan which is general in nature, rather than stipulating security over an asset. The person who signs the ensure is personally accountable if the company creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including goods or assets). The PPSR allows prioritisation over property that is personal to be granted depending on the date that a security interest was registered.
An affidavit is an official form of document to provide the public notice of a legal claim to property.
If you’re seeking an enterprise loan of $250,000 or more, we may offer an initial pre-approval that will help make the process. We could be able to do this without a credit check and within six hours of your initial application. This pre-approval is made based on an initial evaluation that involves you answering some financial health questions. It’s neither an offer nor a guarantee of financing. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer you are offered could be on different conditions.
You are eligible to apply for a company loan if you;
The application process is quick and easy. Just fill out the online application within a couple minutes, and an experienced business loan specialist will be in touch to guide you through the process.
To be eligible for up to $100,000, you’ll need the right identification documents (valid Driver’s License), a valid NZBN/IRD as well as at least 6 months of bank statements.
For larger loan sizes, you’ll need:
$100K-$250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Details of the application, including credit consent, 12 month bank accounts, the IRD statement and the last two years’ finalised financial statements, as well as interim financials from the current financial year including Aged Payables, Aged Receivables summary.
For an unsecured loan ($5K and up) we usually offer an answer in just one hour – as long as you submit your request within standard business hours and allow us to use the advanced bank verification system to instantly verify your bank details online. If you opt to upload copies of your banking statements , we are able to offer an answer in just one business day.
For the Larger Business Loan ($100K or more) we could be capable of offer you with conditional pre-approval within 6 hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this may be quicker depending upon the circumstances for each application. Certain transactions have received approval in the space of 24 hours.
The most efficient method can be ensure you apply during normal business hours and permit us to use the advanced bank verification system to instantly check your bank’s information online. If you choose to upload the copies of bank statements , it can take a bit longer.
For the Small Business Loan ($5K and up) we usually provide an answer within one hour – provided you apply in standard business timings and allow us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you decide to upload copies of your bank statement, we’ll offer a decision within an business day.
If you are applying for Larger Business Loans ($100K up to $500,000) We may be likely to offer you with a conditional pre-approval in about 6 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 on the particular circumstances of each application. Some transactions have received approval within less than 24 hours.
The fastest method can be make sure you apply during normal business hours. You can also allow us to use our modern bank verification link to instantly verify your bank information online. If you opt to send us the copies of bank accounts, it takes a bit longer.
We offer 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 how much we can lend you well-being of your company and the level of the repayments your business can support. The total amount of your loan will depend on the particular circumstances of your company.
If you apply for a set amount, we will consider a number of elements to determine the well-being of your company and the amount of the repayments your company can support. The amount you receive from the loan will be determined by the particulars for your company.
When you make an application for the company loans, we will assess the risk assessment that you have for your business and offer an individualised offer including the amount of the loan, the duration and the interest rates. It is a business loan is an upfront-priced loan and you’ll know the exact amount you will have to pay, including charges or interest.
The interest rates on business loans rates depend on several variables like the amount to be of money borrowed, the company assets the money are used to purchase and the sector the company operates in, the long the business is in operation as well as what percentage of the business has enough cash flow to fund 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 be required to pay and when, right from day one. There’s no compounding interest, and no extra fees (as as long as you pay your payments punctually).
We do not charge an application fee. You can get a cash loan with no upfront cost or any obligation to sign up.
The Origination Fee is the cost associated with establishing and managing the loan. The only way to pay this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the loan amount.
You can repay the entire amount of your advance loan at any time.
If you do decide to do this please speak to our friendly company loan professionals. They will offer you with details for repayment and an early payout figure. The figure will be calculated as the total of the principal balance and any accrued interest at the time of the early payout, plus 1.5% of the principal amount remaining and any fees that remain unpaid.
In order to help you avoid missing payment dates and to align your cash flow cycle we offer repayments either weekly or daily. These are automatically deducted from your designated business account.
Making sure that your information is secure, and knowing how we collect, use, exchange and safeguard your data, is vital and is an essential part of our relationship you.
Yes. We employ industry-recognised encryption standards to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our dedication to customer security and security. We make use of an advanced bank verification system to immediately verify your bank account details online so we can provide quick responses.
Asset-based borrowing is when the business owner makes use of an asset that they own to obtain a loan. The asset can be an asset belonging to the personal, like the family home, or it could be a company asset like a truck or piece of equipment.
The vast majority of lenders, not just the largest banks, are inclined to secure loans against assets. If you’re having trouble paying back the loan, then your asset may be sold by the lender. In essence it is means of securing additional financing using the value of what you already own.
Up to $150K in loans the requirement for asset security is not required upfront to access the money but we do require the personal guarantee. If you adhere to your loan commitments (as stated in the loan contract) the security of assets is not needed. For loans of over $150K generally, you are able to get the option of a personal guarantee and security in the form of the charge of assets.
While we aren’t able to help with an unsecured business loan for these types of industries, we may be able assist with the secured business loan.
