A South Bank unsecured business loan is quick and easy to get. Request a quick approval and use the money to grow your company.
What you can expect:
The eligibility requirements for an unsecured business loan for a business loan South Bank are fairly minimal.
Call Now 1300 931 496The process of applying for the company loans in South Bank with us is easy and takes only a few minutes, no mountains of paperwork or queues.
Get approved and receive your funds within one to two company days.
We aim to help South Bank companies of all kinds, including medium, small and even solopreneurs to access funds quickly so that they can take advantage of loans to build and expand their business.
The eligibility requirements for an unsecured business loan in South Bank of between $5K and $100K is fairly low.
Do you require more money? Find out the conditions of eligibility for our $100K-$500K company credit.
The criteria for eligibility in larger South Bank business loans of between $100K and $500K are:
You are looking for a lesser amount of money? Find out the guidelines for eligibility for our $5K-$100K South Bank unsecured business loans.
A South Bank unsecured loan is ideal to use for every business need. Call us now.
Want to get started on one of these options as early as tomorrow? Get in touch with us or apply online now to get the fastest and most efficient process.
All that is needed to start is your contact information (the name of your company, your name, email or phone number) along with the amount you’d like to lend, and your monthly revenue.
While in the process and before settlement we will require confirmation of who you are but not to get started:
Once we’ve started with loans over $150,000 you’ll need fundamental financial statements:
Let’s get started.
With banks and traditional lenders tightening credit conditions, the steady stream of non-bank and alternative loan providers entering the market provides a great resource for you to access.
South Bank SME’s are now capable of accessing finance through other lenders in South Bank who are focused on enabling company expansion or smoothing out cash flow issues. In the past, when the personal sources of credit (drawing equity from the home loan, or by using credit cards or personal loans, as well as credit cards) were the only alternative funding services within South Bank that were around.
There’s not a requirement for you to depend on the real estate market to secure company loan. With an unsecured loan, business funding is simple. Instead of a loan for a term with the bank, business finance for an SME with interest rates and loan terms that can help to manage cash flow are around as business loans.
There are numerous benefits by separating personal and company debt.
Limit your exposure, make your tax time simpler, start with an unsecure busines loan. Apply today.
One big drawcard for keeping your business and personal company assets separate will be the fact that your house isn’t required to be tied to allow access to the funds. If you’re looking for a small business loan in South Bank up to $100K, asset security will not be required so long as the borrower is able to meet their loan obligations.
Businesses are in a more stable long-term position when they are able to demonstrate credit/debt serviceability.
A separation between personal and company financial accounts makes it more straightforward with regards to tax time - particularly when determining the tax deductible allocation. The IRD has set out rules on the evidence required to claim deductions on an organisation’s tax return. This is an area that the IRD has advised specifically on.
A well-organised cash flow management system is crucial to the long-term success of any company. By keeping personal and company finance separate, companies can easily view, monitor and plan based on the ability to clearly determine their cash flow status.
South Bank unsecured loans provides amounts between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow-friendly repayments that are either daily or weekly.
Apply to get the Small Business Loan in under 10 minutes by phone. You will receive an immediate response, and have the funds in your account in 24 hours. Traditional business loans are based on an interest rate per annum together with additional fees and charges. The company loan is a loan that is priced upfront and you’ll know in advance the amount you will have to pay, including any fees, interest or charges. This is then broken down into weekly or daily amount to be paid back.
The Small Business Loan can be used for almost any business use, including the management of cash flow, business remodels and marketing to purchase inventory, new equipment, or as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund business expansion opportunities. Loans range between $100,000 and $500,000 with a fixed-term that can last up to 36 months. Repayments are weekly or fortnightly, depending on your cash flow.
A Larger Business Loan has an Origination Fee, which is calculated at 2.5 percentage of the loan amount.
To qualify for a loan in this amount, your 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) over 18 years, own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A larger company loan can be used for almost all company purpose including company renovations, purchase of equipment or inventory for general working capital and so much more. The loan is not available for personal use.
Asset security is required to obtain funding above $150,000. It is usually by taking a charge on assets, and could include registration in the PPSR or making a caveat.
A personal or director’s ensure is a promise to repay a loan which is generally based rather than stating security over a particular asset. The person who is signing the guarantee is personally responsible if the business creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including the assets or goods). The PPSR grants preference over private property granted according to the date a security interest has been registered.
The caveat can be described as a formal form of document to offer the public notice of a legal claim on a property.
If you’re requesting larger company loans of more than $250,000 we can offer an initial pre-approval that will help simplify the process. We may be able to do this without credit checks and within 6 hours of your initial application. The pre-approval process is based on an initial assessment, which involves answering a couple of financial well-being questions. This is in no way an offer, nor is it a guarantee of financing. A conditional approval is subject a full credit assessment and any offer you may receive may be based on different terms.
You can apply for an company loan if you;
The application process is quick and easy. Simply complete the online form in just a few minutes, and a dedicated business expert in lending will call you to help you.
To be eligible for up to $100,000 you’ll require proof of identity (valid Driver’s Licence), a valid NZBN/IRD as well as at least six months of bank statements.
In addition, for larger loan sizes, you’ll also need:
$100K – $250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Information on the application including credit consent as well as 12 months bank statement, an IRD statement as well as the two most recent years’ financial statements, in addition to interim current financial year financials such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K and up) we usually provide an answer within an hour – as long as you make your application at quality company timings and let us utilise the bank verification system link to instantly verify your bank’s information online. If you choose to send us copies of your bank statement, we’ll offer the decision within just 1 business day.
For the Larger Business Loan ($100K or more) we might be capable of provide you with conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval form, it will take around 2-3 days for final approval, however this may be quicker depending on the specifics of each application. Some transactions have received approval within the space of 24 hours.
The quickest method for you to apply is ensure you apply during standard business hours and permit us to use the advance bank verification to instantly verify your bank account information online. If you decide to send us copies of your bank accounts, it will take a little longer.
For the Small Business Loan ($5K and up) we usually provide an answer in just one hour, provided you apply during standard business time and let us use the bank verification system to instantly verify your bank details online. If you opt to submit copies of your bank statements, we are able to offer the decision in as little as 1 business day.
For the Larger Business Loans ($100K or more) we might be likely to provide the conditional pre-approval within six hours. Once you have signed the pre-approval, turnaround times are about 2-3 days for final approval, however this could be shorter based on the particular circumstances of each application. Some agreements have been approved within the space of 24 hours.
The quickest method is to make sure you apply during normal business hours and allow us to use the advance bank verification link to instantly verify your bank information online. If you choose to upload the copies of bank statements, it can take a bit longer.
We provide loans ranging from $5,000 and $500,000. When you submit an application for a specific amount we consider a variety of variables in order to assess the well-being that is your company and the level of the repayments your business can support. The total amount of your loan will be contingent on the specifics that are unique to your business.
If you apply for a set amount, we will consider a number of factors to determine the health for your business and the extent of the repayments your business can support. The amount you receive from your loan will be determined by the specifics for your company.
If you decide to request one of our company loans, we’ll assess the risk profile the company and provide you with a tailored offer including the loan amount, the terms and interest rates. The company loan is an upfront-priced loan and you’ll know in advance the total amount due, which includes any charges, interest rates or fees.
The interest rates on company loans rates depend on a variety of factors like the amount of money borrowed, what business assets the money will be used for and the sector the company is in, how long the business is in operation for, how long the business has sufficient cash flow to fund the loan, as well as the overall well-being and creditworthiness of the business.
There are no hidden fees with our business loans. You’ll know precisely how much you need to pay, and when, 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 on time).
We don’t charge an Application Fee. You can make an application for loans without any upfront costs or any obligation to sign up.
The Origination Fee covers the expenses involved with setting up and managing the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5% of the amount of loan.
You may choose to pay back the total amount of your loan in full at any time.
If you are deciding to pursue this option, please speak to our friendly business lending experts. The professionals will provide you with details for repayment and an early payment figure. This is calculated as the sum of the principal remaining and the accrued interest up to the time of early payment plus 1.5% of the principal balance and any outstanding fees.
In order to help you avoid missing repayments and to fit in your cash flow cycle we offer repayments either daily or weekly. They are automatically deducted from your designated business account.
The security of your personal information, as well as being upfront about how we collect data, process, exchange and protect your information, is crucial and a vital element of our relationship with you.
Yes. We employ industry-recognised encryption standards to protect your sensitive, personal financial information and our funders are ISO 27001 certified for our dedication to customer security and privacy. We employ a highly sophisticated bank verification system link to immediately confirm your bank account information online, allowing us to offer an immediate response.
Asset-based borrowing is when a company owner utilises an asset they own to obtain the funds for a loan. The asset may be an asset belonging to the personal, like the family home or an business asset like a truck or piece or equipment.
The majority of lending institutions, not just the banks with the biggest size, prefer to secure loans against assets. If you’re struggling to pay back the loan, the asset could be offered for sale by the lender. In essence it is means of securing additional financing making use of the value of what you already own.
For loans that exceed $150K, no asset security is required prior to the loan’s access however, we do require the personal guarantee. In the event that you fulfill your loan commitments (as stipulated in the loan contract) and you are able to meet your obligations, asset security will never be needed. For loans that exceed $150K, generally there is an individual guarantee and security that is in the form a charge over assets.
Although we cannot assist with an unsecure business loan for these industries, we may be able to assist you with secured business loan.
