Unsecured Business Loans Ravenhall VIC

If You Do This Today, You'll Be On The Right Track To Success WithThe Help Of a Ravenhall Business Loan

Unsecured Business Loans Ravenhall

A Ravenhall unsecured business loan is quick and easy to get. Request a quick approval and begin using the money to grow your company.

  • Could additional funds assist your business in working capital, or to realise a growth opportunity?
  • What is the financing strategy you are using to fund your business needs?

You can expect:

  • Simple process to apply and be approved for funds as soon as tomorrow
  • Optionally no reayments in the first 4 weeks
  • Amount of loan from $5k up to $500K
  • Terms from three to thirty-six months
  • Competitive rates of interest rates
  • Minimal docs required

The eligibility requirements for an unsecured business loan within Ravenhall are fairly minimal.

Call Now 1300 931 496
A seamless loan application process with a large amount of borrowing capacity, a low credit criteria and no requirement to submit a business plan. Stop using your personal credit card and company credit cards to finance your business.
Unsecured Loans Made Simple
Business loans, especially those that are unsecured business loan or line of credit to business financing require never be an tense procedure. Business finance is in the form of small business loans at a fixed interest rates and repayment schedule that fits your business financial needs.
Business Lenders for Business Goals
I'm able to get my tax back to keep me on track.
Small Business Owner
I'm now able employ an professional marketer to help me take my company to the next stage.
Growing Ravenhall Business
Business credit rates and repayment terms as well as flexible repayment options to suit you company needs.
Business Lending Options
I'm now able to prepare espresso for clients with the very best equipment.
Cafe Owner
I'm now able to go on time off knowing that it is safe knowing that Ravenhall business will run smoothly.
Local Business Owner
I'm now able fund the construction of our modern Ravenhall resturant without having to pull cash from the other locations.
Ravenhall Resturant Owner
Unsecured Business Loan Service Provider

Fast Approval Process

The process of applying for the business loans within Ravenhall with us is easy and takes only a few minutes, no lengthy forms or lines.

Receive approval and funds in 1-2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Ravenhall companies of all kinds, including medium, small and even entrepreneurs to obtain funding fast so they can make use of the loan to expand and grow.

  • It begins with an easy online application or phone call
  • Flexible repayment terms to meet the requirements of your company
  • Fast cash in just a day or two
  • A team of people who want for you as well as your company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for getting an unsecured business loan in Ravenhall of between $5K and $100K is fairly low.

  • Minimum of 6 months in business
  • At least $6,000 of revenue per month
  • Be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as evidence of identity
  • You should have an account with a New Zealand bank as your principal account for trading
  • Bank statements from the past six months

Need more funds? Find out the conditions of eligibility for our $100K-$500K company credit.

Here's How Other People Have Benefited

Examples of Business Loans

With the busy holiday season fast approaching, a clothes store required additional working capital to buy more inventory and to take advantage of discounts offered by suppliers. They secured $20K over the course of 12 months with no asset security required and had the funds in 24 hours.
Clothing Store
Following the purchase of a pizza store and 2 liquor stores six to 12 months prior, the new owners were seeking additional cash. The revenue total was greater than 500K per month. They were able to borrow $300K, split out as $100K for each store using the option of 24- and 36 month terms. There was no security on the owners' homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
The owner of a small grocery store making $70K a month borrowed $76K over a 24-month term with no repayments for the first four weeks. The loan required 12 months of bank statements. Turnaround time was just 6 hours from the moment you applied to receiving the money.
Grocery Store Small Business Loan
A gym that had been operating for over three years was looking to expand and required additional equipment. With a monthly income of $37K, they borrowed $72K over a 24- month period. No security was needed to secure the loan. It was compelted in just 24 hours.
Gym
An interior designer had spotted an opportunity to increase the size of their company and needed working capital in order to finance this expansion. With monthly revenue of $300K they borrowed $250K in 24 months. The turnaround time was just 2 days and all they needed for them to provide the required documents were twelve months' bank statement, IRD confirmation, and trust deed.
Interior Designer
Simple eligibility checklist

Larger Ravenhall Business Loan Eligibility Criteria

The requirements for eligibility for the larger Ravenhall company loans of between $100K and $500K include:

  • A minimum of 3 years of business
  • A minimum of $700K annually in revenue
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for evidence of identity
  • You should have a New Zealand bank as your principal account for trading
  • Bank statements from the previous 6 months
  • Some financial statements such and Profit & Loss and Aged Accounts Payable and Receivable

You are looking for a lesser amount of funds? Take a look at the guidelines for eligibility for our $5K-$100K Ravenhall unsecured business loans.

Business Lending for a Cash Injection

What do you want to use the business loan in Ravenhall for?

A Ravenhall unsecured loan is perfect for virtually every company reason. Call us now.

  • Remodel or expand the commercial space
  • Hire more staff during busy periods
  • Increase stock levels to meet demand
  • Create a new site or boost your marketing
  • Put money into new tools, equipment or new technologies
  • Purchase additional stock to meet seasonal demand
  • Control cash flow fluctuations
  • Plus lots more …

Do you want to begin one of these options as early as tomorrow? Get in touch with us now or apply online to get the fastest and most efficient process.

Quick application checklist

What do you need to apply

All that’s needed for starting is your contact details (the name of your company, your name, email and telephone) as well as the amount you’d like to borrow, and your monthly revenue.

While in the process and before settlement we’ll need confirmation of who you are but not for starting:

  • Idenfication information (valid Driver’s License)
  • Information about the company, including details on trading hours owner details, trading time, as well as details of ownership and trading time, as well as NZBN (New Zealand Business Number)

After we start when it comes to loans that exceed $150,000, you’ll need fundamental financial statements:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

A plumber who's operated their business for three years and has $80K in monthly sales was in need of more funds. They were able to borrow $153K over a 36 month term. All that was required were 12 months' worth of statements and confirmation of their status with IRD. The process was complete within a day and the plumber was able to access their working capital available in their account in a matter of hours.
Plumber
A gym that had been going for nearly 3 years was looking to expand and needed more equipment. With a monthly income of $37K, they borrowed $72K over a 24 month period. No security was needed for the loan and it was ready within the span of 24 hours.
Gym
The owner of a small grocery store that earned $70K per month borrowed $76K over a 24-month term , without making any repayments during the initial 4 weeks. The loan required 12 months of bank statements. The time to turn around was just six hours from the time of application until receiving the money.
Grocery Store Small Business Loan
After purchasing a pizza place and two liquor stores 6-12 months earlier the new owners needed more funds. The total revenue of the two stores was more than $500K per month . The owners were able to obtain $300K, split out as $100K for each store using a mix of 24 and 36 month terms. No security over the owner's houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
With the busy Christmas season coming up, a store selling clothing required working capital in order to buy more stock and also benefit from the discount offered by suppliers. They were able to borrow $20K for 12 months with no asset security required and had the money in just 24 hours.
Clothing Store

Unsecured Business Loan Ravenhall VIC 3023

The lending landscape has changed

With traditional and bank lenders restricting credit, the steady stream of non-bank and alternative loan providers entering the market offers an excellent source for you to tap into.

Ravenhall SME’s are now able to access finance through alternate lenders servicing Ravenhall who are focused on enabling company expansion or smoothing cash flow challenges. In the past individual credit providers (drawing equity from the house loan, or using credit cards and personal loans as well as the overdraft) provided the most viable alternative funding services in Ravenhall that were available.

There is now not a requirement in the present to depend on using real estate to secure company loans. With an unsecured loan business funding is simple. Instead of a traditional term loan from a bank, business finance for a small company with interest rates and loan terms that can help with cash flow is available as business credit options.

 

 

High level summary

Separate personal and business debt

There are many benefits in separating personal from business debt.

  • Your home or other investmentsaren’t tied for access to funds
  • The company will be in better position to create its own, clear credit history
  • It is considerably more seamless for tax time
  • Businesses can easily assess the situation, track and plan based on being able to clearly assess their cash flow position

Limit your exposure, make tax time simpler, start with an unsecure company loan. Apply today.

For those who like the detail

Separate personal and business debt

Risk

One of the main benefits of keeping your business and personal business assets separate will be the fact that your house isn’t required to be tied to allow access to the funds. For a small business loan within Ravenhall up to $100K asset security won’t be needed as long as the borrower meets the loan requirements.

Credit history

Businesses will be in a favourable long-term financial position if they have a good credit or debt serviceability.

Tax

The separation of personal as well as company finances makes it significantly more straightforward with regards to tax time - particularly when determining the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has outlined the guidelines on the proof required in order to deduct deductions from the tax return of a company. This is an area the IRD has specifically advised on.

Cash flow

A well-organised cash flow management system is vital to the long-term viability that of any company. By keeping the personal financial and company finances distinct, businesses can easily view their cash flow, plan and monitor it based on the ability to effectively evaluate their cash flow situation.

An easy loan application process with a huge borrowing limit, minimal requirements for credit, and no requirement to present a business plan. Don't use your personal credit card and business credit cards to finance your business.
Unsecured Loans Made Simple
Business business loans, interest rates and repayment terms as well as flexible repayment options to suit what your business needs.
Business Lending Options
Business loans, specifically an unsecured unsecured business loan or line of credit for business financing require have no difficult process. Business finance in the form in the form of small business loans with an interest rate cost, and with a repayment period that fits the requirements of your business budget.
Business Lenders for Business Goals
I can now make espresso for clients using the best equipment.
Cafe Owner
I can now take vacation knowing that it is safe knowing that Ravenhall business will run well.
Local Business Owner
I can get my tax back on track.
Small Business Owner
I'm now able fund the remodel of our brand newly constructed Ravenhall resturant without having draw cash from other restaurants.
Ravenhall Resturant Owner
I can now hire a marketer to increase the success of my business to the next level of business growth.
Growing Business
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Information About The Ravenhall Small Business Loans

Tell me how you can avail the Ravenhall Small Business Loans

Ravenhall unsecured loans provides the range of $5,000 to $100,000, with terms ranging from 3 and 24 months and cash flow friendly repayments which can be made daily or weekly.

What is the Unsecured Loan different from an ordinary company loan?

You can apply to the Small Business Loan in under 10 minutes via the internet or by phone. You will receive an instant response and have the funds in your account in 24 hours. Traditional company loans have an annual rate of interest together with additional fees and charges. This company loan is a cash-based loan which means you know in advance the amount you will have to pay, including any fees, charges or charges. This is then broken down into a daily or weekly repayment figure.

What can you use the Small Business Loan be used for?

A Small Business Loan can be used for almost any business purpose 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 reasons.

About larger Ravenhall Business Loans

What is the Larger Ravenhall Business Loan?

The Larger Business Loan is a larger size loan to aid in business expansion opportunities. Loans range from $100,000 to $500,000 over a fixed term up to 36 months. Repayments are either weekly or fortnightly in order to accommodate your cash flow.

How’s the Origination Fee calculated?

The Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the amount of the loan.

Can I get the Larger Business Loan?

To be eligible for a loan in this amount, your company needs to be trading for at least 3 years and generate an annual revenue of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand company (with a valid NZBN/IRD) and be able to prove at the least 12 months of operating.

How can the funds be utilised?

A larger company loan can be used for almost any business use, including business improvements, purchasing inventory or new equipment or as general working capital and so much more. The loan is not available for personal purposes.

Is the Larger Business Loan one that requires security?

Asset security is necessary to access funding over $150,000. This can be done by way of charge over assets, which could also include registration on the PPSR or filing as a caveat.

A personal or director’s guarantee is a promise to repay credit that is general in nature rather than specifying security over an asset. The person signing the guarantee is personally liable in the event that the business the borrower fails 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 granted to individuals who own personal property (including the assets or goods). The PPSR permits preference over private property granted according to the date a security interest was registered.

An affidavit is an official document that is filed to offer an official notice of a claim to property.

What exactly is a preapproval without Credit Check?

If you’re applying for an enterprise loan that exceeds $250,000 it is possible to offer an initial pre-approval to ease the process. We might be able to do this without a credit verification and within 6 hours of your initial application. This pre-approval is based on a preliminary assessment which includes you answering a few financial health checks. It’s in no way an offer, nor is it a guarantee of funds. A conditional approval is subject an assessment of your creditworthiness and any offer that you receive could be subject to different conditions.

The application process

Are I eligible for funding?

You may apply for an business loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are over the age of 18 and have a New Zealand business (with a valid NZBN/IRD)
  • you must demonstrate at minimum 6 months of trading (for the unsecured loan $5K – $100K) or three years of trade (for the Larger Business Loan $100K up to $500K)

How do I apply?

The application process is simple and simple. Just fill out the online application in few minutes and an experienced business loan specialist will be in touch to assist you.

For a loan of up to $100,000 you’ll need the right identification documents (valid Driver’s Licence), an NZBN/IRD that is valid and at least six months of bank statements.

If you’re looking for loans with larger sizes, you’ll require:

$100K-$250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K to $500K: Application details including credit consent and 12 months of bank statements, IRD statement and the last two years’ finalised financial statements, as well as interim financial statements for the current year such as age-related payables and aged Receivables summaries.

How soon will I hear an answer?

For an unsecured loan ($5K or more) We can usually provide an answer within an hour – as long as you make your application during quality company times and allow us to make use of the advanced bank verification system link to instantly verify your bank details online. If you decide to submit copies of your bank statements we can offer the decision in as little as 1 business day.

For Larger Business Loans ($100K to $500K) we may be capable of provide you with conditional pre-approval within 6 hours. After you’ve signed your pre-approval form, it will take between 2 and 3 days for the final approval, however this could be shorter based on the circumstances of each application. Certain agreements have been approved in just 24 hours.

The most effective method for you to apply is make sure you apply during standard business hours. You can also let us use the advance bank verification to confirm your bank details online. If you opt to upload documents from your account statements , it may take a bit longer.

How fast will I get the funds?

For the Small Business Loan ($5K and up) we can often offer an answer within an hour – as long as you make your application at normal business hours and let us utilise the advanced bank verification system link to instantly verify your bank’s information online. If you choose to upload copies of your banking statements, we’ll be able to offer a decision in just one business day.

If you are applying for Larger Business Loans ($100K and up) we may be in a position to provide you with a conditional pre-approval within six hours. After you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval, however this could be shorter based on the circumstances of each application. Certain deals have been approved within just 24 hours.

The quickest method for you to apply is make sure you apply during standard business hours. Also, let us use the advance bank verification to check your bank’s information online. If you opt to send us the copies of bank accounts, it can take a bit longer.

How much can I borrow?

We offer loans ranging from $5,000 to $500,000. When you make an application for a specific amount we look at a variety of factors to determine how much we can lend you health that is your company and the level of payments your company can afford. The amount you receive from the loan will be determined by the particular circumstances that are unique to your business.

If you apply for a certain amount, we take into consideration a variety of factors to assess the health of the company and the amount of payments your business can afford. The total amount of your loan will be contingent on the particulars that are unique to your company.

Fees & repayments

How do you charge for a company loan?

If you decide to make an application for business loans with us company loans, we will assess the risk profile for your company and offer an individualised proposal that includes loan amount, term and the interest rates. This business loan is an upfront priced loan which means you be aware of the total amount due, which includes any charges, interest rates or fees.

What determines the amount I am charged?

Interest rates for business loans rates vary due to factors like the amount of money of money borrowed, the company assets the money will be used for as well as the field the business is in, how long the business has been in operation, how long the business has sufficient cash flow to fund the loan, and overall health and creditworthiness of the business.

What are the charges?

There aren’t any hidden charges with our business loans. You’ll know exactly how much you be required to pay and when, right from the first day. There’s not any compounding interest and no extra fees (as as you make your payments punctually).

We do not charge an Application Fee. You can apply for a loan with with no upfront cost or any obligation to sign up.

The Origination Fee includes the expenses associated in establishing and managing the loan. This is only a fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.

Do I have the option of paying off the loan earlier?

You may choose to pay back 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 loans specialists. They will offer you with details on repayment and an early payout figure. This is calculated as the sum of the remaining principal amount plus any accrued interest as of the time of early payment, plus 1.5 percent of the principal remaining and any outstanding fees.

How do repayments work?

To help you avoid missing due dates and also to be in line with your cash flow cycle we provide payments that are either weekly or daily. They are automatically deducted from your nominated business account.

Security & privacy

Will my information be secure?

The security of your personal information, as well as knowing the ways we gather information, use it, and exchange it, as well as protect your information, is vital and is an essential part of our relationship with you.

Is it safe to link my bank account to the platform?

Yes. We use industry recognised encryption techniques to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our commitment to security for our clients and privacy. We make use of an advanced bank verification system that allows you to instantly verify the bank account details online so we can provide an immediate response.

About business loans

What exactly is an asset-based loan (a secured loan)?

Asset-based borrowing is when a company owner uses an asset that they own to secure the funding. The asset may be an asset belonging to the personal, like the family home, or an business property like a truck or piece or equipment.

The majority of lenders, including the banks with the biggest size, prefer to make loans secured by assets. If you’re struggling to pay back the loan, then the asset could be transferred to the lender. In essence, it’s means of securing additional financing making use of the value of what you already own.

What do I need security for a business loan?

For loans of up to $150,000, it is not necessary to secure assets upfront to access the money However, we do need the personal guarantee. So long as you comply with your loan obligations (as specified in the loan contract) and you are able to meet your obligations, asset security will never be required. For loans that exceed $150,000, generally there is personal ensure and security that is in the form a charge over assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses and auction websites
  • Debt collection firms & debt purchasers
  • Direct marketers including telemarketing, fundraising, mail order, direct-mail etc
  • Financial lenders & institutions
  • {Firearm businesses
  • Foreign currency exchange offerings
  • Customs clearing houses and freight forwarding
  • Anything gambling related
  • Not-for-profit organisations such as charities, churches etc.
  • Smash repairers & panel beaters
  • Pawn shops or pawnbrokers
  • Property development
  • Investment business, shares and stockbrokers
  • Tattoo palours
  • Taxi and ride-sharing services
  • Entertainment sales and ticket resellers
  • Towing services
  • Secondhand vehicle dealers
  • Automotive glass tintingcompanies
  • Car dismantlers

Although we cannot assist with an unsecure business loan in the above industries, we might be able to assist you with the secured business loan.

Melbourne Unsecured Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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1300 931 496