A Viewbank unsecured business loan is simple and quick to obtain. Apply for a loan quickly and begin using the money for your business.
What to expect:
The conditions for eligibility for an unsecured business loan within Viewbank are fairly minimal.
Call Now 1300 931 496Applying for an company loan in Viewbank with us is easy and takes just about a couple of minutes, there are no lengthy forms or lines.
Receive approval and funds in 1 – 2 business days.
We aim to help Viewbank businesses of all kinds, from small to medium-sized entrepreneurs to obtain funding fast so they can make use of the loan to expand and develop.
The requirements for obtaining an unsecured business loan in Viewbank of between $5K and $100K are pretty minimal.
Do you require more money? Find out the guidelines for eligibility for our $100K-$500K company loan.
The eligibility requirements in the larger Viewbank company loans of between $100K and $500K include:
You are looking for a lesser amount of capital? Check out the guidelines for eligibility for our $5K-$100K Viewbank unsecured business loans.
A Viewbank unsecured loan is ideal for nearly any company reason. Get in touch with us today.
Want to get started on one of these options as early as tomorrow? Then get in touch with us today or send an application online for the quickjest fasted way.
All that’s required to start is your contact details (company name, your name, email address and telephone) along with the amount you want to borrow, and your monthly revenue.
In the course of the process and before settlement we will require confirmation of your identity however, not in order to begin:
Additionally after we get started in the process, for loans greater than $150,000 you’ll require basic financial statements.
Let’s get started now.
In the wake of traditional lenders and banks increasing their credit requirements as well as the continuous stream of alternative and non-bank loan providers that are entering the market provides an incredible source to take advantage of.
Viewbank SME’s are now being able to get finance from alternative lenders who service Viewbank who are focused on facilitating company expansion or smoothing out cash flow challenges. In the past, individual credit providers (drawing equity from the home loan, or using credit cards or personal loans, as well as loans) provided the most viable alternative funding services within Viewbank that were around.
There is now an end to the requirement to depend on real estate to secure business credit. With an unsecured loan, business financing is now easy. Instead of a term loan with the bank, business finance for a small company with interest rates and loan terms that aid with cash flow are around as business lending options.
There are many advantages associated with separating personal and company debt.
Lower your risks, make the tax process much easier. Get started with an unsecured busines loan. Make an application today.
One major benefit of keeping your individual and company assets separate is that your home isn’t tied to access the funds. For a modest business loan within Viewbank up to $100K, asset security will not be required as in the event that the borrower has met their loan obligations.
Companies are in a advantageous long-term situation if they can show good credit and debt capacity to pay.
It is important to separate personal from company financial accounts makes it more straightforward when it comes to tax time - particularly when determining what is the tax-deductible amount. The IRD has set out the guidelines on the proof required to be able to claim deductions on the tax return of a company. This is an area where the IRD have specifically advised on.
A well-organised cash flow management system is key for the long-term success that of any company. Through keeping your personal finances and company finances distinct, companies can easily view, monitor and plan based on the ability to effectively evaluate their cash flow situation.
Viewbank unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow friendly repayments which can be made daily or weekly.
The application for the Small Business Loan in under 10 minutes via the internet or by phone. You will receive an immediate response, and have the funds on your account within 24 hours. Traditional company loans are based on an annual rate of interest together with additional fees and charges. The business loan is a pre-paid loan so you will be aware in advance of the amount you will have to pay, including any fees, interest or charges. This is then broken down into a daily or weekly installment amount.
The Small Business Loan can be used for nearly every company use, including control of cash flow company remodels and marketing to purchase inventory or new equipment, to fund general working capital and so much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger amount of loan to help business expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are weekly or fortnightly, depending on the flow of cash.
This Larger Business Loan has an Origination Fee which is calculated at 2.5 percent of the amount of the loan.
To be eligible for a credit that is this large the company needs to be operating for a minimum of 3 years and generate an annual revenue of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A large business loan can be used for almost any company purpose including company remodeling, buying equipment or inventory for general working capital and much more. The loan is not available to fund personal expenses.
Asset security is necessary to access funding over $150,000. It’s by taking a charge over assets, and could include the registration of this in the PPSR or the registration of a caveat.
A personal or director’s ensure is a promise to repay a loan which is generally in nature rather than specifying security over an asset. The person who signs the guarantee is personally accountable if the company lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It records security interests that have been that are registered for personal property (including objects or assets). The PPSR gives preference over private property granted according to the date a registration of a security interest.
Caveats are legal document filed to provide the legal claim on a property.
If you’re applying for larger business loans of $250K or more we can offer an initial pre-approval that will help make the process. We might be able to apply for this without a credit check, and within six hours of your initial application. The pre-approval is based upon an initial assessment, which involves answering a couple of financial health checks. This is in no way an offer, nor is it a guarantee of funds. Acceptance without condition is subject to a full credit assessment and any offer that you might receive could be subject to different terms.
You are eligible to apply for an business loan if you
The application process is simple and simple. Simply complete the online form within a few minutes and an experienced company expert in lending will call you to assist you.
For a loan of up to $100,000 you’ll require ID details (valid Driver’s Licence) and a valid NZBN/IRD and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll need:
$100K to $250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Details of the application, including credit consent twelve months of bank records, IRD statements, last 2 years finalised financial statements, in addition to interim financials for the current financial year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K to $100K) we usually provide an answer within one hour, provided you apply in standard business timings and let us utilise the bank verification system to instantly verify your bank details online. If you choose to submit copies of your bank statement, we’ll offer an answer in just one company day.
For the Larger Business Loan ($100K to $500K) we may be capable of offer you with a conditional pre-approval within about six hours. After you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval, however this could be shorter based on the specifics of each application. Certain transactions have received approval within just 24 hours.
The fastest way can be ensure you apply during normal business hours and let us use the advanced bank verification system to confirm your bank details online. If you opt to send us copies of your bank accounts, it will take a little longer.
For the Small Business Loan ($5K and up) We can usually offer an answer within an hour – provided you apply during standard business timings and let us make use of the advanced bank verification system to instantly verify your bank information online. If you choose to upload copies of your banking statements we can provide an answer in just 1 business day.
If you are applying for Larger Business Loans ($100K and up) We may be likely to provide you with conditional pre-approval in around six hours. After you’ve signed the pre-approval document, you will require to wait around 2-3 days for final approval. However, this can be faster depending on the specifics of each application. Certain deals have been approved within just 24 hours.
The fastest way for you to apply is ensure you apply during normal business hours. Also, let us use the advance bank verification to instantly verify your bank information online. If you choose to send us duplicates of your banking accounts, it can take a bit longer.
We offer loans that range from $5,000 and $500,000. If you apply for a specific amount we consider a variety of variables for determining the well-being that is your company as well as the amount of the repayments your company can afford. The amount you receive from your loan will depend on the specifics of your business.
When you apply for a certain amount, we take into consideration a variety of variables to determine your well-being that is your business and the extent of repayments that your company will be able to support. The amount you receive from your loan will depend on the particulars the business.
If you decide to make an application for the business loan, we will assess the risk assessment of your company and offer an individualised offer that includes loan amount, term and interest rates. It is a business loan is a loan that is priced upfront so you will know in advance the total amount payable including any costs, fees, or interest rates.
Business loan interest rates differ based on various factors including the amount borrowed, what company assets the funds are used to purchase in addition to the industry that the company is in, how long the business is in operation and what percentage of the company has enough cash flow to fund the loan, and general health or financial standing of the company.
There are no hidden costs with our business loans, and you’ll be aware of the amount you’ll need to pay and when, right from the day you sign up. There’s no compounding interest and no extra fees (as long as you make your payments punctually).
We don’t charge an application fee. You can make an application for loans with no cost upfront or commitment to apply.
The Origination Fee is the cost associated with setting up and managing the loan. It is only charged for this fee if you decide to take the loan. Our Origination Fee is 2.5% of the loan amount.
You can decide to repay the total amount of your advance loan at any time.
If you choose to pursue this option, please talk to one of our helpful business lending experts. They will offer you with the details of your repayment and an early payout figure. This is calculated as the sum of the remaining principal amount and any accrued interest at the time of early payment, plus 1.5% of the principal amount remaining and any outstanding fees.
In order to help you avoid missing payment dates and to align your cash flow cycle we offer repayments either weekly or daily. They will be automatically deducted from the nominated company account.
Making sure that your information is secure, and being transparent about how we collect, use, exchange and ensure the security of your information is vital and is an essential aspect of our relationship with you.
Yes. We use industry recognised encryption techniques to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our commitment to security for our customers and security. We employ a highly sophisticated bank verification system to instantly verify the bank account details online. This allows us to offer quick responses.
Asset-based borrowing occurs when a business owner uses assets they own to obtain the funding. The asset may be an asset belonging to the personal, like the family home, or a company property like a truck or other piece of machinery.
The majority of lenders, even the big banks, tend to guarantee loans against assets. If you are having difficulty paying back the loan then your asset may be taken over by the lender. In essence, it is means of securing new financing using the value of what you already have.
For loans that exceed $150K, the requirement for asset security is not required prior to the loan’s access, however we do require a personal guarantee. In the event that you fulfill the loan terms (as specified in the loan contract), asset security will never be required. For loans that exceed $150K, typically, you will need an individual guarantee and security is provided in the form of an asset charge.
Although we cannot assist with an unsecured business loan in these types of industries, we may be able to help you by providing an secured business loan.
