Unsecured Business Loans Seaford VIC

By This Tomorrow You Could Be All Set For Success WithThe Help Of a Seaford Business Loan

Unsecured Business Loans Seaford

A Seaford unsecured business loan is easy and quick to apply for. Request a quick approval and begin using the money for your company.

  • Do you think that additional funds could help your business in working capital, or for an opportunity to grow?
  • How are you financing your business needs?

What to expect:

  • Simple process to apply to be approved and receive cash as quickly as tomorrow
  • Optionally , no reayments during the initial four weeks
  • Borrow from $5k to $500K
  • Terms from three to thirty-six months
  • Competitive rates of interest prices
  • Minimal documentation required

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

Call Now 1300 931 496
Business loans, specifically an unsecured unsecured business loan or line of credit to business funding need not be a tense process. Finance for a company in the shape of small business loans at an interest rates and repayment period which is compatible with the requirements of your business budget.
Business Lenders for Business Goals
Business loans with interest rates and repayment terms and flexible repayment options to suit you company requirements.
Business Lending Options
I'm now able to finance the fitout of our fresh Seaford resturant without having to borrow cash from other ones.
Seaford Resturant Owner
I'm now able make beverages for customers with the best equipment.
Cafe Owner
I'm now able to go on an extended vacation knowing that it is safe knowing that Seaford business will run without a hitch.
Local Business Owner
I'm able to get my taxes back in order.
Small Business Owner
I'm now able to hire an experienced marketer to help me boost my company to the next level.
Growing Seaford Business
A seamless loan application process with a large borrowing limit, minimal credit criteria and no need to submit a business plan. Don't use your personal credit card and business credit cards as a way to finance your business.
Unsecured Loans Made Simple
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for the company credit in Seaford with us is easy and takes just about a couple of minutes, there are no long lines of paperwork or waiting in line.

Be approved and receive your funds in 1-2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We are aiming to assist Seaford companies of all kinds, from small to medium-sized soloprenuers to get access to quick funding so that they can take advantage of loans to grow and build.

  • It begins with an easy online application or a phone call
  • Flexible terms for repayment to fit your company
  • Fast cash in just a day or two
  • A team that wants to see you succeed as well as you company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • At least 6 months in business
  • A minimum of $6,000 in revenue per month
  • Be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for proof of identity
  • You should have a New Zealand bank as your primary account for trading
  • Bank statements from the previous 6 months

Do you need more money? Check out the eligibility requirements for our $100K-$500K business loan.

Here's How Others Have Benefited

Examples of Business Loans

A gym that had been in operation for more than 3 years wanted to grow and needed more equipment. With monthly revenue of $37K they borrowed$72K over a 24 month period. No security was needed for the loan and it was ready within 24 hours.
Gym
A business coach wanted to invest in a well-being and beauty company. With a little over $12K in monthly revenue the company was able to borrow $24K over 24 months. The loan required twelve months worth of statement and was completed in less than 8 hours.
Business Coach
The owner of a tiny grocery store making $70K a month borrowed $76K over a 24 month term with no repayments during the initial 4 weeks. This required 12 months of bank statements. The time to turn around was just six hours from application to getting the funds.
Grocery Store Small Business Loan
With the busy Christmas time coming up, a store selling clothing required working capital in order to finance additional stock and take advantage of the discount offered by suppliers. They borrowed $20K over 12 months with no security for assets and received the funds in less than 24 hours.
Clothing Store
A plumber who has operated their business for three years and has 80K in monthly sales was looking for more funding. They borrowed $153K over a 36 month term. The only thing needed to be provided was 12 month bank statement and confirmation of the loan's status with IRD. The process was completed within a day and the plumber had their extra working capital in ther account in a matter of hours.
Plumber
Simple eligibility checklist

Larger Seaford Business Loan Eligibility Criteria

The requirements for eligibility in the larger Seaford business loans of between $100K and $500K include:

  • A minimum of 3 years of business
  • At least $700K in annual income
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for identification
  • Have an account with a New Zealand bank as your principal trading account
  • Bank statements from the past six months
  • Certain financial statements include Profit & Loss, and aged accounts Payable and Receivable

Do you need a smaller amount of funds? Take a look at the guidelines for eligibility for our $5K to $100K Seaford unsecured business loans.

Business Lending for a Cash Injection

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

A Seaford unsecured loan is perfect for almost any company need. Call us now.

  • Add or remodel a commercial premises
  • Hire more staff for busy periods
  • Boost stock levels to keep up with demand
  • Develop a new website, or improve your marketing
  • Invest in new equipment, tools , or the latest technology
  • Purchase additional stock to meet the seasonal demand
  • Control cash flow fluctuations
  • Plus many more …

Do you want to start working on one of these projects as soon as tomorrow? Contact us or send your application online to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All that’s required to start is your contact information (company name and your name, as well as email and phone) along with the amount you’d like to borrow, and your monthly income.

While in the process and before settlement we will require confirmation of who you are but not to get started:

  • Idenfication information (valid Driver’s License)
  • Information about the business, including details on trading hours, ownership details , and the NZBN (New Zealand Business Number)

After we start, for loans that exceed $150,000, you’ll also need the following financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

A company coach was looking to invest in an health and cosmetics business. With just over $12K in monthly revenue the company borrowed $24K over 24 months. The loan was based on 12 months of bank statements and was completed in just 8 hours.
Business Coach
With the busy holiday season coming up, a store selling clothing needed working capital to buy more stock and take advantage of discounts offered by suppliers. They took out a loan of $20K over a period of 12 months without security for assets and received the funds within 24 hours.
Clothing Store
A plumber who has been in business for 3 years with the monthly revenue of $80K was in need of more funds. They took out $153K on 36 months. All that was needed was 12 months of bank statements and confirmation from the IRD. The process was complete within just a few hours and the plumber had their extra working capital in ther account in a matter of hours.
Plumber
A restaurant owner wanted to open a second establishment and needed funding to installation. The bank they approached wasn't willing to help. The average monthly income for them was $50K. They borrowed $66K over 24 months. The turnaround time was 8 hours.
Restaurant Owner
An interior designer saw an opportunity to increase the size of their company and required working capital to finance the expansion. With monthly revenue of $300K they borrowed $250K over the course of 24 months. The time to turn around for them was just 2 days and all they needed to provide is 12 months' worth of Bank statements, IRD confirmation, and their trust deed.
Interior Designer

Unsecured Business Loan Seaford VIC 3198

The lending landscape has changed

With traditional and bank lenders tightening credit conditions and the constant stream of alternative and non-bank loan providers entering the market provides the perfect source to take advantage of.

Seaford SME’s are now capable of accessing finance through alternative lenders that service Seaford who are focused on enabling company growth or smoothing cash flow issues. In the past, private credit options (drawing equity from the house loan or credit cards or personal loans, as well as credit cards) provided the most viable alternative financing solutions available in Seaford that were around.

There is now no requirement for you to rely on the real estate market to secure business lending. With an unsecured loan business funding is made simple. Instead of a loan for a term with the bank, business finance for a small company with interest rates and loan terms that aid to manage cash flow are available as business loans.

 

 

High level summary

Separate personal and business debt

There are many benefits by separating personal and company debt.

  • Your home or other investment properties, aren’t held to allow access to funds
  • This company stands in better place to develop its own credit history
  • It’s significantly more straightforward for tax time
  • Businesses are able to easily review their cash flow, monitor and plan based on the ability to clearly examine their cash flow status

Lower your risks, make tax time much easier. Get started with an unsecure loan for business. Get it today.

For those who like the detail

Separate personal and business debt

Risk

One major benefit of keeping your business and personal business assets separate can be that your home isn’t necessarily tied up to the funds. In the case of a business loan in Seaford up to $100K, asset security will not be required as in the event that the borrower has met the loan requirements.

Credit history

Businesses are in a more stable long-term position when they are able to demonstrate credit/debt serviceability.

Tax

It is important to separate personal from company financial accounts makes it more seamless with regards to tax time - particularly when identifying what is the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has outlined the requirements for evidence to claim deductions on a company’s tax return. This is an area the IRD has specifically advised on.

Cash flow

A well-organised cash flow management system is crucial to the long-term success that of any business. Through keeping personal and business finances separate, businesses can easily view, monitor and plan based on their ability to accurately evaluate their cash flow situation.

I can now make the coffee I serve my customers using the very best equipment.
Cafe Owner
I am now able to take time off knowing that it is safe knowing that Seaford company will run effortlessly.
Local Business Owner
I'm now able to hire an experienced marketer to help me take my business to the next level of business growth.
Growing Business
I'm now able fund the fitout of our fresh Seaford resturant without having to take cash from other locations.
Seaford Resturant Owner
Business loans, particularly one that is an unsecured business loan or line of credit to business funding need to not become a difficult procedure. Business finance is in the form of small business loans with an interest rates and repayment schedule that will suit the needs of your company budget.
Business Lenders for Business Goals
Business loan interest rates and repayment terms, as well as flexible repayment options to suit the needs of your company requirements.
Business Lending Options
I'm able to get my taxes back to keep me on track.
Small Business Owner
A simple loan application process with a large borrowing limit, minimal credit criteria and no need to present a business plan. Stop using your personal credit card or company credit cards to finance your business.
Unsecured Loans Made Simple
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Information About The Seaford Small Business Loans

Let me know how you are able to avail the Seaford Small Business Loans

Seaford unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 month and cash flow-friendly repayments which can be made daily or weekly.

What is this Unsecured Loan different from a traditional company loan?

It is imaginable to apply to the Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an answer within the same day and funds may be in your account in 24 hours. Traditional business loans refer to an annual interest rate plus other fees and charges. Our company loan is an upfront priced loan so you will be aware in advance of the total amount due, which includes any interest, fees or charges. This is then broken down into either a daily or weekly installment amount.

What could the Small Business Loan be used for?

The Small Business Loan can be used for nearly any company reason, such as control of cash flow business remodeling, marketing to purchase inventory or new equipment, for general working capital and much more. The loan cannot be used for personal use.

Concerning Larger Seaford Business Loans

What is the Larger Seaford Business Loan?

The Larger Business Loan is a larger loan size to support business growth opportunities. Loans range between $100,000 and $500,000 for a fixed period of that can last up to 36 months. Repayments are weekly or fortnightly, depending on your cash flow.

How’s the Origination Fee determined?

The Larger Business Loan has an Origination Fee that is determined at 2.5% of the amount of the loan.

Can I get the Larger Business Loan?

To be eligible for a loan of this size the business needs to have been trading for at least 3 years, and have an annual income of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.

What can I use the funding for?

A Business Loan of a larger size is a great option for almost any business need, including company renovations, purchase of equipment or inventory as well as for general working capital and so much more. The loan is not available for personal use.

Is the Larger Business Loan a secured loan?

Asset security is necessary for funding of more than $150,000. It’s in the form of a charge on assets, which could also include the registration of this through the PPSR or filing as a caveat.

A personal or director’s guarantee is a guarantee to repay a loan which is general in nature, rather than specifying security over a particular asset. The person signing the guarantee is personally liable in the event that the business creditor is unable to make the repayment.

The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including objects or assets). The PPSR grants priority over personal property to be assigned in accordance with the date on which a security interest was registered.

The caveat can be described as a formal document lodged to offer notice of a legal claim against a property.

What exactly is a preapproval without Credit Check?

If you’re applying for a Larger Business Loan of more than $250,000, we may offer an initial pre-approval to ease the process. We may be able to get this done without credit checks and within 6 hours of your initial application. The pre-approval process is based on an initial evaluation that involves you answering a few financial health questions. It’s neither an offer nor a guarantee of financing. Unconditional approval is subject to an assessment of your creditworthiness and any offer you might receive could have different terms.

Application process

Are I eligible for funding?

You are eligible to apply for an company loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are 18 years or older, own a New Zealand company (with a valid NZBN/IRD)
  • you must demonstrate at minimum 6 months of trading (for a unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K or $500K)

How do I apply?

The application process is fast and simple. Complete the online form in few minutes and an experienced company loan specialist will be in touch to assist you.

To apply for up to $100,000 you’ll need identification details (valid Driver’s License) along with a valid NZBN/IRD and at least six months worth of bank statements.

In addition, for larger loan sizes, you’ll need:

$100K – $250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K-$500K: Application details including credit consent and 12 month bank accounts, the IRD statements Last 2 years’ finalised financial statements, and interim financial statements for the current year such as age-related payables and aged Receivables Summary.

How fast will I get an answer?

For an unsecured loan ($5K and up) We can usually provide an answer within one hour – as long as you submit your request at standard business times and allow us to make use of the advanced bank verification system to instantly verify your bank details online. If you opt to submit copies of your bank statements , we are able to provide the decision within just the span of one business day.

For Larger Business Loans ($100K up to $500,000) we might be likely to provide you with conditional pre-approval within six hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval, however this may be quicker depending on the circumstances of each application. Certain agreements have been approved within the space of 24 hours.

The most efficient method can be ensure you apply during normal company hours. Also, permit us to use the advance bank verification to instantly check your bank’s information online. If you opt to send us copies of your bank statements , it may take a bit longer.

What is the time frame to receive the money?

For the Small Business Loan ($5K or more) we usually provide an answer within an hour – as long as you apply during normal business time and let us utilise the advanced bank verification system to instantly verify your bank’s information online. If you choose to submit copies of your bank statements, we will be able to provide the decision in just an business day.

For the Larger Business Loans ($100K up to $500,000) we might be able to provide you with conditional pre-approval within 6 hours. Once 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 upon the circumstances for each application. Some agreements have been approved in 24 hours.

The fastest way is to make sure you apply during normal business hours. You can also allow us to use our advanced bank verification system link to instantly check your bank’s information online. If you send us documents from your account accounts, it can take a bit longer.

How much can I borrow?

We provide loan amounts between $5,000 to $500,000. When you submit an application for a particular amount, we consider a variety of variables in order to assess what is the well-being for your business and the extent of repayments that your company is able to afford. The amount you receive from your loan will depend on the specifics that are unique to your company.

When you make an application for a particular amount, we consider a variety of aspects to assess the health of the business and the level of payments your company will be able to support. The amount you receive from the loan will be determined by the particulars that are unique to your business.

Fees & repayments

How do you charge for an company loan?

If you decide to make an application for our company loan, we will assess the risk assessment that you have for your company and provide an individualised offer, including the amount of the loan, the duration and interest rates. This company loan is an upfront priced loan so you will be aware in advance of the total amount to be paid, including any costs, fees, or interest rates.

What determines the rate that I am charged?

Business loan interest rates vary due to factors such as the amount that is that is borrowed, what company assets the funds will be used for, the industry the business is in, how long the business has been running and in the event that the business has sufficient cash flow to pay for the loan, as well as the general well-being or creditworthiness of the company.

What are the costs?

There are no hidden costs with our company loans, and you’ll be aware of the amount you need to pay, and when, from day one. There’s not any compounding interest and the loan comes with no additional fees (as long as you make your payments in time).

We do not charge an application fee. You are able to make an application for loans with no upfront cost or any obligation to sign up.

The Origination Fee covers the costs associated with setting up and managing the loan. It is only charged for this fee if you proceed with the loan. Our Origination Fee is 2.5% of the loan amount.

Can I pay off the loan in advance?

You can decide to repay all of your loan early at any time.

If you decide to do this please speak to our friendly business loans specialists. We will provide you with repayment details and an early payment figure. It will be calculated using the total of the principal amount remaining and any accrued interest at the time of early payout, plus 1.5% of the remaining principal plus any outstanding fees.

What are the repayment methods?

To ensure that you don’t miss due dates and also to be in line with your cash flow cycle we provide payments that are either daily or weekly. These are automatically deducted from your company account.

Security & privacy

Will my data be secure?

Making sure that your information is secure, and knowing the ways we gather data, process, exchange and ensure the security of your information is crucial and a vital part of our relationship you.

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

Yes. We employ industry-recognised encryption standards to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our commitment to protecting the security of clients and privacy. We make use of an advanced bank verification system that allows you to instantly verify your bank account details online, allowing us to provide quick responses.

About business loans

What’s an asset-based borrow (a secured loan)?

Asset-based borrowing occurs when an business owner borrows from an asset that they own to secure the funds for a loan. The asset can be either an individual asset, such as the family home or it could be a business asset like a truck or other piece of machinery.

The majority of banks, even the banks with the biggest size, prefer to guarantee loans against an asset. If you are having difficulty paying back the loan, the asset could be taken over by the lender. In essence it is a way of securing new financing by making use of the value of what you already own.

Should I require security to get a business loan?

For loans up to $150,000 it is not necessary to secure assets upfront to access the money, however we do need a personal guarantee. As long as you follow the terms of your loan (as stated in your loan contract document) Asset security is not needed. For loans of over $150,000 generally, you are able to get an individual ensure and security in the form of charges on assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction houses & auction websites
  • Debt collection agencies & debt purchasers
  • Direct marketers including mail order, fundraising, telemarketing, direct-mail etc
  • Finance lenders or institutions
  • {Firearm businesses
  • Foreign currency exchange offerings
  • Freight forwarding & customs clearing houses
  • Anything gambling related
  • Not-for-profit organisationsincluding charities and churches etc
  • Panel beaters & smash repairers
  • Pawn shops and pawnbrokers
  • Property development
  • Investment business, shares or stockbrokers
  • Tattoo palours
  • Ridesharing & taxi services
  • Entertainment sales and ticket resellers
  • Vehicle towing services
  • Used automotive dealers
  • Vehicle glass tinting
  • Automotive dismantlers

Although we can’t help with an unsecured business loan in these industries, we may be able to assist you with an secured business loan.

Melbourne Unsecured Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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Contact Us

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1300 931 496