A Deepdene unsecured business loan is easy and quick to obtain. Apply for a loan quickly and start using the funds for your company.
What you can expect:
The eligibility requirements for an unsecured business loan within Deepdene are fairly minimal.
Call Now 1300 931 496Applying for business loans in Deepdene company loan within Deepdene with us is easy and takes only about a couple of minutes, there are no piles of paperwork or long waits.
Get approved and receive your funds in 1-2 business days.
We aim to help Deepdene companies of all types, whether small, medium or entrepreneurs to obtain funds quickly so that they can make use of the loan to expand and grow.
The criteria for eligibility for an unsecured business loan in Deepdene of between $5K to $100K are quite minimal.
Do you need more money? Take a look at the guidelines for eligibility for our $100K-$500K company financing.
The requirements for eligibility of loans from larger Deepdene business loans of between $100K and $500K are:
You are looking for a lesser amount of money? Take a look at the eligibility requirements for our $5K-$100K Deepdene unsecured company loans.
A Deepdene unsecured loan is perfect for nearly any business reason. Call us now.
Do you want to begin one of these options as early as tomorrow? So, contact us today or send an application online for the quickjest fasted way.
All that is needed for starting is your contact details (the name of your company, your name, email, phone) and the amount you’d like to borrow, and your monthly income.
While in the process and before settlement we’ll require confirmation of your identity, but not before we can begin:
After we start in the process, for loans greater than $150,000 you’ll also require fundamental financial statements:
Let’s get started.
In the wake of traditional lenders and banks tightening their credit terms and the constant stream of non-bank and alternative loan providers that are entering the market offers an incredible source to take advantage of.
Deepdene SME’s are now capable of accessing finance through alternative lenders who service Deepdene who are focused on enabling company growth or smoothing out cash flow issues. In the past, the personal sources of credit (drawing equity from a house loan or credit cards in addition to personal loans and overdrafts) were the only alternative funding solutions available in Deepdene that were available.
There’s there is no requirement for you to rely on real estate to secure company credit. With an unsecured loan, business funding is made simple. Instead of a traditional term loan from a bank, business finance for an SME with interest rates and loan terms that can help in cash flow are available as business credit options.
There are substantial benefits associated in separating personal from business debt.
Limit your exposure, make the tax process much easier. Get started with an unsecure business loan, apply today.
One major benefit of keeping your individual and business assets separate is that your home isn’t necessarily tied up to access the funds. For a small business loan in Deepdene up to $100K the security of assets won’t be required so long as the borrower meets the loan requirements.
Businesses are in a more advantageous long-term situation if they have a good credit or debt serviceability.
It is important to separate personal from business finances makes it significantly more seamless with regards to tax time - particularly when determining what is the tax deductible allocation. The IRD has laid out rules on the evidence required in order to deduct deductions from an individual’s tax return. This is an area where the IRD has advised specifically on.
A well-organised cash flow management system is vital to the longevity for any business. Through keeping personal and company finances distinct, companies can easily view their cash flow, plan and monitor it based on their ability to accurately assess their cash flow position.
Deepdene unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow friendly repayments which can be made daily or weekly.
It is imaginable to apply to get this Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive a same day response and funds may be in your account in 24 hours. Traditional company loans refer to an interest rate per annum together with additional fees and charges. This company loan is a pre-paid loan which means you know ahead of time the total amount to be paid, including any fees, charges or charges. Then, it is broken down into either a daily or weekly payment amount.
A Small Business Loan can be used for virtually every company use, including cash flow management, business improvements, advertising to purchase inventory, new equipment, for general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger loan size to support business growth opportunities. Loans are between $100,000 and $500,000 with a fixed-term that can last up to 36 months. The repayments are made weekly or fortnightly in order to accommodate your situation.
A Larger Business Loan has an Origination Fee, determined at 2.5% of the loan amount.
To be eligible for a loan in this amount the company needs to be in operation for at least 3 years, and have an annual income of $700,000. You must be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.
A larger company loan can be used for nearly all business purpose including business improvements, purchasing equipment or inventory for general working capital and so much more. The loan is not available to fund personal expenses.
Asset security is needed for accessing funds over $150,000. It is usually by way of charge on assets and can include registering this with the PPSR or making a caveat.
A personal or director’s guarantee is a promise to repay credit that is general in nature rather than defining the security of a specific asset. The person who is signing the guarantee is personally liable in the event that the company the borrower fails to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including goods or assets). The PPSR permits the priority of personal property assigned depending on the date that a security interest was registered.
Caveats are legal document filed to offer the public notice of a legal claim to a property.
When you’re applying for an enterprise loan that exceeds $250,000 it’s possible to offer an initial pre-approval that will help make the process. We may be able to do this without credit checks and within six hours of your initial application. The pre-approval process is based on an initial assessment that includes you answering some financial health checks. It is neither an offer nor a guarantee of funds. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer that you receive could have different conditions.
You are eligible to apply for an business loan if you;
The application process is fast and easy. Simply complete the online form within a few minutes and an experienced company loan specialist will call you to help you.
To apply for up $100,000 you’ll require identification details (valid Driver’s Licence), a valid NZBN/IRD and at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K to $250K: Application requirements, including credit consent, 6 – 12 months of bank statements, IRD statement (if loan above $150K).
$250K to $500K: Information on the application including credit consent, 12 months of bank statements, IRD statements, last 2 years finalised financial statements, plus interim financials from 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 a response in one hour if you submit your request in standard company time and permit us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you choose to send us copies of your bank statements we can provide the decision in as little as an company day.
For the Larger Business Loan ($100K to $500K) we could be able to provide you with a conditional pre-approval in around 6 hours. Once you have signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however it could be faster based on the particular circumstances of each application. Some agreements have been approved within less than 24 hours.
The quickest way to apply can be ensure you apply during normal company hours. You can also permit us to use the advance bank verification 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.
For the Small Business Loan ($5K to $100K) we usually provide an answer within an hour – as long as you apply at normal business times and permit us to use the bank verification system link to instantly verify your bank information online. If you opt to upload copies of your banking statements we can provide the decision in just the span of one business day.
If you are applying for Larger Business Loans ($100K and up) We may be likely to offer you with conditional pre-approval within 6 hours. Once you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval. However, it could be faster based on the particular circumstances of each application. Some deals have been approved within the space of 24 hours.
The quickest method is to ensure you apply during normal business hours. Also, let us use the modern bank verification link to confirm your bank details online. If you opt to upload the copies of bank accounts, it may take a bit longer.
We offer loans that range from $5,000 and $500,000. If you apply for a certain amount, we will consider a number of aspects that determine what is the health for your company and the extent of repayments your business can afford. The amount you receive from your loan will depend on the specific circumstances the company.
When you apply for a set amount, we look at a range of aspects to determine your well-being for your business and the extent of the repayments your company is able to afford. The amount you receive from your loan will be contingent on the particular circumstances of your company.
If you decide to request our business loans, we will assess the risk profile that you have for your business and provide you with a customised offer that includes the amount of the loan, the duration and the interest rates. The business loan is an upfront cost loan and you’ll be aware in advance of the total amount payable including any interest rates, fees or charges.
The interest rates on company loans rates vary due to factors like the amount of money that is borrowed, what business assets the money are used to purchase in addition to the industry that the business is operating in, how long the company has been running as well as how long the business has sufficient cash flow to cover the loan, and the general health or creditworthiness of the company.
There are no hidden fees with our business loans. You’ll know precisely how much it is that you need to pay and when, starting from the day you sign up. There’s no compounding interest and the loan comes with no additional fees (as as long as you pay your payments in time).
We don’t charge an application fee. You can apply for a loan with no cost upfront or commitment to apply.
The Origination Fee includes the expenses associated with setting up and managing the loan. You are only charged this fee if you proceed with the loan. Our Origination Fee is 2.5% of the loan amount.
You can decide to repay the total amount of your loan early at any time.
If you decide to do this please speak to our friendly company loan specialists. We will provide you with repayment details and an early payment figure. This will be calculated as the sum of the principal balance and accrued interest to the date of early payout plus 1.5% of the principal balance and any fees that remain unpaid.
To help you avoid missing payments and to work with your cash flow cycle we provide payments that are either daily or weekly. These are automatically withdrawn from the nominated company account.
Security of your data, and being clear about how we collect, use, exchange and secure your information, is vital and a vital aspect of our relationship with you.
Yes. We utilise industry-recognised encryption standards to secure your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our commitment to the security of our customers as well as their privacy. We utilise a sophisticated bank verification system that allows you to instantly verify your bank account details online so we can provide rapid response.
The term "asset-based" refers to borrowing where the company owner utilises an asset that they own to obtain a loan. The asset may be a personal asset like the family home or a company asset such as a vehicle or other piece of machinery.
The majority of lenders, including the big banks, tend to make loans secured by an asset. If you’re having trouble paying back the loan, then your asset may be taken over by the lender. In essence it’s an opportunity to secure new financing by making use of the value of what you already own.
Up to $150K in loans it is not necessary to secure assets prior to the loan’s access however, we require a personal guarantee. need an individual guarantee. If you adhere to the terms of your loan (as stipulated in the loan contract) the security of assets will never be needed. For loans of over $150K typically, you will need a personal guarantee and security is provided in the form of an asset charge.
Although we can’t help with an unsecure business loan in these types of industries, we may be able to assist you by providing a secured business loan.
