Unsecured Business Loans Strathewen VIC

In The Next Few Hours, You Could Be All Set For Success With a Strathewen Business Loan

Unsecured Business Loans Strathewen

A Strathewen unsecured business loan is quick and simple to obtain. Get a quick apporval and start using the funds to grow your company.

  • Are additional funds able to help your business by allowing you to work capital or to take advantage of an opportunity to grow?
  • How do you finance your business requirements?

What you can expect:

  • Easy process to fill out and get approved and the funds will be available as early as tomorrow
  • No reayments are permitted in the initial 4 weeks
  • From $5k to $500K in loans
  • Terms from three to thirty-six months
  • Competitive rates of interest prices
  • Minimal documentation

The eligibility requirements for an unsecured business loan in Strathewen are fairly minimal.

Call Now 1300 931 496
I am now able to make the coffee I serve my clients with the best equipment.
Cafe Owner
Business credit rates and repayment conditions, and flexible repayment options to suit you business requirements.
Business Lending Options
Business loans, particularly one that is an unsecured business loan or line of credit for business funding need to not become a stressful procedure. Business finance can be in the form in the form of small business loans at a fixed interest rate cost, and with a repayment period that fits the needs of your business financial needs.
Business Lenders for Business Goals
I'm now able to hire an experienced marketer to help me help me take my company to the next stage.
Growing Strathewen Business
An easy loan application process with a generous limit on borrowing, no requirements for credit and there is no need to present a business plan. You no longer need to use your personal credit card and business credit cards as a way to fund your business.
Unsecured Loans Made Simple
I'm now able fund the renovation of our modern Strathewen resturant without having to take cash from other ones.
Strathewen Resturant Owner
I'm able to get my taxes back to keep me on track.
Small Business Owner
I'm now able take time off knowing that I am confident that my Strathewen company will run effortlessly.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for an company credit in Strathewen with us is simple and only takes about a couple of minutes, there are no lengthy forms or lines.

Get approved and receive your cash within 1 – 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Strathewen companies of all kinds, from small to medium-sized soloprenuers to get access to funding fast so they can make use of the loan to build and expand their business.

  • It all starts with a simple online application or by phone
  • Flexible repayment terms that can be tailored to your business
  • Fast and quick funding within a single day or two days
  • A team wanting you and your company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The eligibility requirements for an unsecured business loan in Strathewen of between $5K to $100K are quite minimal.

  • The minimum period of 6 months for which you must be in business
  • A minimum of $6,000 in revenue per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as identification proof
  • Have a New Zealand bank as your primary account for trading
  • Bank statements from the past 6 months

Looking for more funding? Find out the guidelines for eligibility for our $100K to $500K company financing.

Here's How Others Have Benefited

Examples of Business Loans

Following the purchase of a pizza restaurant as well as two liquor stores six to 12 months prior, the new owners needed more funds. The revenue total was greater than $500K per month and they were able to obtain $300K and split it into $100K for each store using two different 24 and 36 months. No security over the owner's homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
A plumber who's been in business for 3 years, with monthly sales of $80K was in require of more funds. They were able to borrow $153K over 36 months. All that was required is 12 months worth of banking statement and confirmation of the status with IRD. The process was completed in less than an hour and the plumber was able to access their working capital in ther account in a matter of hours.
Plumber
The owner of a restaurant wanted to open a second location and needed funding to installation. Their bank was not willing to help. Their typical monthly earnings was $50K and they were able borrow $66K over 24 months. The turnaround time was 8 hours.
Restaurant Owner
The proprietor of a small grocery store making $70K a month borrowed $76K over a 24-month period, with no payments for the first four weeks. This required 12 months of bank statements. The turnaround time was only 6 hours from application to getting the money.
Grocery Store Small Business Loan
A gym that was operating for over three years was looking to expand and needed additional equipment. With a monthly turnover of $37K they borrowed$72K over a 24 month period. No security was required and the loan was compelted within just 24 hours.
Gym
Simple eligibility checklist

Larger Strathewen Business Loan Eligibility Criteria

The criteria for eligibility for larger Strathewen company loans of between $100K and $500K include:

  • Minimum of 3 year’s experience in business
  • At least $700K of annual revenue
  • You must be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for identification proof
  • Use a New Zealand bank as your primary account for trading
  • Bank statements from the past 6 months
  • Some financial statements such and Profit & Loss and Aged Accounts Payable and Receivable

You are looking for a lesser amount of money? Look over the guidelines for eligibility for our $5K to $100K Strathewen unsecured company loans.

Business Lending for a Cash Injection

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

A Strathewen unsecured loan is perfect for almost any business use. Contact us now.

  • Renovate or expand commercial spaces
  • Staff expansion during busy periods
  • Increase stock levels to keep up with demand
  • Make a brand new website or enhance your marketing
  • Put money into new equipment, tools or technology
  • Buy extra stock to meet seasonal demand
  • Manage cash flow fluctuations
  • Plus many more …

Want to get started on one of these projects as soon as tomorrow? Contact us now or apply online to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

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

While in the process and before settlement we’ll need confirmation of your identity but not to get started:

  • Idenfication information (valid Driver’s Licence)
  • Business information including trading times, ownership details , and the NZBN (New Zealand Business Number)

After we start when it comes to loans greater than $150,000 you’ll need basic financial statements.

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

The owner of a modest supermarket that was making $70K a month borrowed $76K over a 24-month period with no repayments for the first 4 weeks. The loan required 12 months of bank statements. The time to turn around was just six hours from the moment you applied to receiving the money.
Grocery Store Small Business Loan
Acquiring a pizza place and 2 liquor stores 6-to 12 months ago, the new owners were looking for additional cash. The total revenue of the two stores was more than 500K per month. They were able to obtain $300K and split it into $100K per store with the option of 24- and 36 months. There was no security on the owners' houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A business coach was looking to invest in the health as well as beauty company. With just under twelve thousand dollars in monthly income they borrowed $24K in 24 months. This only required twelve months worth of statement and was done in only 8 hours.
Business Coach
An interior designer had noticed an opportunity to grow their company and required working capital to finance this expansion. With monthly revenue of $300K they took out a loan of $250K for 24 months. Turnaround time for them was just two days, and all they needed to present were 12 months worth of banking statement along with IRD confirmation and their trust deed.
Interior Designer
A gym that had been operating for over three years wanted to grow and needed additional equipment. With an average monthly revenue of $37K they borrowed $72K over a 24- month period. No security was required to secure the loan. It was settled in only 24 hours.
Gym

Unsecured Business Loan Strathewen VIC 3099

The lending landscape has changed

In the wake of traditional lenders and banks tightening credit conditions and the constant stream of non-bank and alternative loan providers entering the market offers an excellent source to make use of.

Strathewen SME’s are now capable of accessing finance through other lenders in Strathewen who are focused on facilitating company growth or smoothing cash flow issues. In the past individual credit providers (drawing equity from a house loan, or using credit cards or personal loans, as well as loans) could be the best alternative funding services within Strathewen that were around.

There is now there is no requirement for you to depend on using real estate to secure company lending. With an unsecured loan, business financing is easy. Instead of a term loan through the bank, business finance for a small business with interest rates and loan terms that can help with cash flow is available as business loan options.

 

 

High level summary

Separate personal and business debt

There are many benefits by separating personal and company debt.

  • Your home, or other investments, aren’t tied up for the purpose of accessing funds
  • The company has a more favourable place to develop its own, clear credit history
  • It is significantly more seamless when it comes to tax time
  • Businesses can easily assess, monitor and plan based on being able to clearly assess their cash flow position

Reduce your risk, make your tax time much easier. Get started with an unsecure loan for business, apply today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your individual and business assets separate is that your home isn’t necessarily tied up to the funds. For a small business loan within Strathewen up to $100K, asset security will not be required so in the event that the borrower has met their loan obligations.

Credit history

Businesses are in a more stable long-term position when they can demonstrate good credit/debt capacity to pay.

Tax

Separating personal and business financial accounts makes it more seamless when it comes to tax time - particularly when identifying what is the tax deductible allocation. The IRD has laid out requirements for evidence for claiming deductions on the tax return of a company. This is a subject that the IRD have specifically advised on.

Cash flow

Effective cash flow management is key for the long-term viability of any company. By maintaining personal as well as business finances separate, companies can easily view the situation, track and plan based on their ability to accurately determine their cash flow status.

Business business loans, interest rates and repayment conditions, and flexible repayment options that can be tailored to what your business needs.
Business Lending Options
I'm able to get my taxes back on track.
Small Business Owner
A straightforward loan application process that comes with a high borrowing limit, minimal credit criteria and there is no requirement to present a business plan. You no longer need to use your personal credit card or company credit cards in order to fund your business.
Unsecured Loans Made Simple
I'm now able make the coffee I serve my customers with the best equipment.
Cafe Owner
I can now hire a marketing specialist to take my business to the next step of business growth.
Growing Business
I'm now able to finance the construction of our new Strathewen resturant without having to borrow cash from other locations.
Strathewen Resturant Owner
I'm now able take vacation knowing that the Strathewen business will run without a hitch.
Local Business Owner
Business loans, especially those that are unsecured business loan or line of credit to business financing require not be a stressfull process. Business finance is in the form of small business loans with an interest rates and repayment schedule that fits your company financial needs.
Business Lenders for Business Goals
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

More about the Strathewen Small Business Loans

Tell me more about Strathewen Small Business Loans

Strathewen unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow friendly repayments, which are either daily or weekly.

What is what makes the Unsecured Loan different from an traditional business loan?

Apply for this Small Business Loan in under 10 minutes over the phone. You’ll get an instant response and have the funds on your account within 24 hours. Traditional business loans are based on an annual interest rate plus other fees and charges. Our company loan is a cash-based loan therefore you’ll be aware of the amount you will have to pay, including any interest, fees or charges. Then, it is broken down into weekly or daily amount to be paid back.

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

The Small Business Loan can be used for nearly any company need, such as cash flow management, company improvements, advertising to purchase inventory or new equipment, to fund general working capital and much more. The loan cannot be used for personal use.

About Larger Strathewen Business Loans

What is the Larger Strathewen Business Loan?

The Larger Business Loan is a larger amount of loan to help company growth opportunities. The loan ranges from $100,000 to $500,000 with a term fixed up to 36 months. The repayments are made weekly or fortnightly, depending on the flow of cash.

How is the Origination Fee determined?

It is crucial to note that the Larger Business Loan has an Origination Fee that is calculated at 2.5% of the amount of the loan.

Am I eligible for the Larger Business Loan?

To qualify for a loan of this size the company needs to be in operation for at least 3 years and generate an annual revenue of $700K. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.

How can the funding be utilised?

A Business Loan of a larger size can be used for nearly any company purpose including business remodeling, buying new equipment or inventory, as general working capital, and much more. The loan is not available to fund personal expenses.

Is the Larger Business Loan one that is secured?

Asset security is needed to obtain funding above $150,000. This is by taking a charge over assets, and could include registering this through the PPSR or registering as 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 ensure is personally accountable if the business lender is not able to re-pay the debt.

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

An affidavit is an official form of document to provide the public notice of a legal claim to property.

What is a pre-approval minus Credit Check?

If you’re applying for an enterprise loan that exceeds $250,000 we may be able to provide an initial pre-approval that will help make the process. We might be able to apply for this without a credit check and within 6 hours of your initial application. The pre-approval process is based on an initial assessment that includes answering a couple of financial health checks. It’s neither an offer nor a guarantee of finance. Unconditional approval is subject to a full credit assessment and any offer that you may receive may be based on different terms.

The 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 over 18 years, have a New Zealand business (with a valid NZBN/IRD)
  • can demonstrate at least 6 months’ worth of transactions (for you to qualify for unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K up to $500K)

How do I apply?

The application process is quick and simple. Just complete the online application in few minutes and an experienced business expert in lending will be in touch to help you.

To apply for up $100,000 you’ll require ID details (valid Driver’s Licence) as well as an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.

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

$100K – $250K: Information about the application including credit consent, 6 – 12 months of bank statements, IRD statement (if credit is over $150K).
$250K-$500K: Application details including credit consent, 12 month bank accounts, the IRD statement Last 2 years’ finalised financial statements, as well as interim financial statements for the current year as well as Aged Payables and Receivables Summary.

How soon will I hear an answer?

For an unsecured loan ($5K or more) we can often offer an answer in just one hour, provided you make your application during standard business times and allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you decide to send us copies of your bank statements , we will be able to provide the decision within an business day.

For Larger Business Loans ($100K or more) we could be in a position to offer you with pre-approval conditional to your application within six hours. Once you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, it could be faster based on the specifics of each application. Some offers have been approved within the space of 24 hours.

The fastest way can be ensure you apply during standard business hours, and allow us to use the advance bank verification to instantly check your bank’s information online. If you upload copies of your bank statements , it will take a little longer.

How fast will I get the money?

For the Small Business Loan ($5K or more) we usually offer an answer within one hour – as long as you submit your request in normal business times and let us use the advanced bank verification system link to instantly verify your bank information online. If you decide to submit copies of your bank statement, we’ll offer an answer in just the span of one business day.

If you are applying for Larger Business Loans ($100K up to $500,000) we may be able to provide you with conditional pre-approval within six hours. Once you’ve signed your pre-approval form, it will take between 2 and 3 days for the final approval. However, this can be faster depending upon the circumstances for each application. Certain offers have been approved within just 24 hours.

The most effective method is to make sure you apply during standard business hours. You can also allow us to use our advance bank verification link to verify your bank account information online. If you opt to upload duplicates of your banking statements it will take a little longer.

What is the maximum amount I can borrow?

We provide loan amounts between $5,000 and $500,000. When you make an application for a certain amount we look at a variety of factors for determining the well-being of the business and the extent of payments your company can afford. The amount you receive from your loan will be contingent on the particular circumstances that are unique to your business.

When you make an application for a particular amount, we consider a variety of variables to determine the well-being of your company and the extent of repayments that your business can support. The amount you receive from your loan will depend on the particulars that are unique to your business.

Fees & repayments

How much do you charge for an company loan?

If you decide to apply for one of our company financing, we’ll assess the risk profile that you have for your company and provide you with a customised offer including loan amount, term and interest rates. A business loan is a loan that is priced upfront therefore you will be aware in advance of the total amount you will have to pay, including charges or interest.

What is the basis for the rate I’m charged?

Interest rates for business loans rates differ based on various factors including the amount that is borrowed, what company assets the money will be used for, the industry the company operates in, the long the business has been in operation as well as in the event that the business has enough cash flow to support the loan, as well as the overall health or financial standing of the business.

What are the charges?

There aren’t any hidden charges with our company loans. You’ll know exactly how much you’ll need to pay and when, right from the very first day. There’s no compounding interest and no extra fees (as long as you make your payments on time).

We don’t charge an Application Fee. You are able to make an application for loans with no cost upfront or obligation to proceed.

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

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

You may choose to pay back the total amount of your loan in full at any time.

If you do decide to do this please talk to one of our helpful company loans experts. They will offer you with the details of your repayment along with an early payout estimate. This is calculated as the total of the remaining principal amount and the accrued interest up to the time of early payout, plus 1.5% of the principal remaining and any fees that remain unpaid.

How do you make repayments work?

To help you avoid missing repayments and to fit in your cash flow schedule, we offer repayments either weekly or daily. These are automatically deducted from the nominated business account.

Security & privacy

Will my data be protected?

Making sure that your information is secure, and knowing how we collect, use, exchange and protect your information, is of huge importance and is an essential part of our relationship you.

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

Yes. We make use of industry-standard encryption standards to protect your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to security for our customers and privacy. We utilise a sophisticated bank verification system to instantly verify your bank account information online. This allows us to provide quick responses.

About business loans

What is asset-based borrowing (a secured loan)?

The term "asset-based" refers to borrowing where a company owner makes use of assets they own to get the funds for a loan. The asset may be an individual asset, such as the family home, or an company asset such as a truck or other piece of machinery.

The vast majority of banks, including the banks with the biggest size, prefer to guarantee loans against assets. If you’re having trouble paying back the loan then the asset might be sold by the lender. In essence, it is an opportunity to secure additional financing using the value of what you already own.

Should I need security to secure an company loan?

Up to $150K in loans there is no requirement for asset security in advance to gain access to the funds However, we do need an individual guarantee. If you adhere to the loan terms (as detailed in your loan contract), asset security is not needed. If you take out loans in excess of $150K typically, you will need a personal ensure and security in the form of a charge over assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction websites and auction houses
  • Debt collection firms & debt purchasers
  • Direct marketing including telemarketing, fundraising, mail order, direct-mail etc
  • Finance lenders & institutions
  • {Firearm businesses
  • Foreign currency exchange solutions
  • Freight forwarding & customs clearing houses
  • Gambling related industries
  • Not-for-profit organisations, charities, churches etc.
  • Smash repairers or panel beaters
  • Pawnbrokers or pawn shops
  • Property developers
  • Investment business, shares and stockbrokers
  • Tattoo studios
  • Ridesharing and taxi services
  • Entertainment sales or ticket resellers
  • Vehicle towing services
  • Used vehicle dealerships
  • Vehicle glass tintingservices
  • Automotive wrecking yards

We can’t assist with an unsecured business loan in these types of industries, we may be able to assist you by providing an secured business loan.

Melbourne Unsecured Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

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1300 931 496