The eligibility requirements for an unsecured business loan in Sydney of between $5K and $100K is fairly low.
Are you looking for additional funding? Take a look at the eligibility requirements for our $100K to $500K business credit.
All that is needed for starting is your contact details (company name, your name, email, phone), how much you’d like to borrow as well as your monthly income.
During the process and before settlement we’ll need confirmation of who you are but not before we can begin:
Additionally after we get started in the process, for loans that exceed $150,000, you’ll require fundamental financial statements:
Let’s get started.
Sydney unsecured loans offers amounts of between $5,000 and $100,000 with terms between 3 and 24 months, cash flow-friendly repayments which can be made daily or weekly.
Apply for the Small Business Loan in under 10 minutes on the phone. You’ll receive an immediate response, and the funds could be on your account within 24 hours. Traditional business loans are based on an annual interest rate as well as other fees and charges. This business loan is a pre-paid loan and you’ll know in advance the amount you will have to pay, including the interest, fees and charges. This is then broken down into a daily or weekly repayment figure.
It is a Small Business Loan can be used to fulfill almost every company need, such as control of cash flow business remodeling, marketing, to purchase inventory or new equipment, for general working capital and so much more. The loan is not available for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans are between $100,000 and $500,000 for a fixed period of for up to 36 months. Repayments are weekly or fortnightly depending on your situation.
The Larger Business Loan has an Origination Fee which is calculated at 2.5% of the amount of the loan.
To qualify for a loan that is this large the business needs to be in operation for at least 3 years and have an annual turnover of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A larger business loan can be used for nearly all business reason, such as business improvements, purchasing inventory or new equipment for general working capital and so much more. The loan is not available to fund personal expenses.
Asset security is necessary for accessing funds over $150,000. It’s by taking a charge against assets, which could also include registering this on the PPSR or registering as a caveat.
A personal or director’s guarantee is a guarantee to repay credit that is general in nature rather than specifying security over an asset. The person who is signing the guarantee is personally accountable if the company lender is not able to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It lists security interests that are registered in respect of personal property (including objects or assets). The PPSR permits priority over personal property to be assigned in accordance with the date on which a security interest that is registered.
A caveat is a legal document filed to offer the public notice of a legal claim to property.
If you’re applying for larger company loans that is greater than $250K, we may offer an initial pre-approval in order to smooth out the process. We might be able to get this done without a credit check, and within 6 hours of the initial application. This pre-approval is based on an initial evaluation that involves answering a couple of financial health checks. It’s neither an offer nor a guarantee of funds. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you might receive could be on different terms.
You can apply for a company loan if you
The application process is quick and easy. Just complete the online application within a couple minutes, and a dedicated business credit specialist will contact you to guide you through the process.
To apply for up $100,000, you’ll need identification details (valid Driver’s Licence) along with an NZBN/IRD that is valid and at least 6 months of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K-$250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K – $500K: Application details including credit consent twelve months bank statement, an IRD statement and the last two years’ finalised financial statements, as well as interim financial statements for the current year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K up to $100,000) we usually provide a response in one hour – as long as you make your application in standard business hours and you allow us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you choose to send us copies of your bank statements we can provide an answer in just 1 business day.
For Larger Business Loans ($100K up to $500,000) we could be capable of provide you with conditional pre-approval in about 6 hours. After you’ve signed your pre-approval, the turnaround time is about 2-3 days for final approval, however it could be faster based on the particular circumstances of each application. Certain transactions have received approval in just 24 hours.
The quickest method can be ensure you apply during standard business hours and allow us to use the advanced bank verification system link to instantly confirm your bank details online. If you decide to upload copies of your bank statement, it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we usually offer an answer within one hour if you submit your request at standard business time and you allow us to use the advanced bank verification system link to instantly verify your bank details online. If you decide to send us copies of your bank statements, we will be able to offer an answer in as little as 1 business day.
If you are applying for Larger Business Loans ($100K or more) we may be capable of provide you with a conditional pre-approval within six hours. Once you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this may be quicker depending on the specifics of each application. Some agreements have been approved in less than 24 hours.
The most effective method would be to make sure you apply during normal business hours, and allow us to use the modern bank verification to instantly confirm your bank details online. If you opt to send us the copies of bank accounts, it can take a bit longer.
We offer loans ranging from $5,000 to $500,000. When you make an application for a certain amount we look at a variety of factors that determine what is the well-being that is your company and the level of the repayments your company is able to afford. The amount you receive from your loan will be contingent on the specific circumstances the business.
When you submit an application for a set amount, we take into consideration a variety of variables to assess how much we can lend you such as well-being for your company and the level of payments your business can support. The amount you receive from the loan will be determined by the specific circumstances that are unique to your company.
When you apply for one of our company loan, we will assess the risk profile for your company and offer you with a customised proposal that includes the loan amount, the terms and interest rates. A business loan is an upfront cost loan therefore you will be aware in advance of the total amount to be paid, including any interest rates, fees or charges.
The interest rates on business loans rates vary due to factors including the amount borrowed, what company assets the money are used to purchase, the industry the business operates in, how long the company has been running and how long the business has enough cash flow to support the loan, and also the general well-being as well as creditworthiness company.
There aren’t any hidden costs with our business loans. You’ll be aware of the amount it is that you be required to pay, and at what time, from the very first day. There’s not any compounding interest and no extra fees (as long as you are able to make your payments in time).
We do not charge an Application Fee. You can get a cash loan without any upfront costs or any obligation to sign up.
The Origination Fee is the cost associated with setting up 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% of the loan amount.
You can choose to repay the entire amount of the loan early at any time.
If you decide to do this please talk to one of our helpful company loan experts. They’ll provide you with details for repayment and an early payout figure. It will be calculated using the sum of the principal remaining plus any accrued interest as of the time of early payment, plus 1.5% of the principal amount remaining plus any outstanding fees.
To help you avoid missing payments and to work your cash flow cycle we offer repayments that are either weekly or daily. These are automatically withdrawn from your designated business account.
Security of your data, and being clear about the ways we gather the information we collect, use, share and secure your information, is of paramount importance and a vital element of our relationship with you.
Yes. We employ industry-recognised encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our commitment to security for our clients and privacy. We make use of an advanced banking verification system to instantly confirm your bank account information online, allowing us to offer an immediate response.
The term "asset-based" refers to borrowing where the company owner utilises an asset they own to get the funding. The asset could be a personal asset like the family home, or it could be a company asset such as a truck or piece of equipment.
The vast majority of lenders, even the big banks, tend to secure loans against an asset. If you’re struggling to pay back the loan, your assets could be transferred to the lender. In essence it is the process of securing additional financing making use of the value of what you already have.
For loans of up to $150K, there is no requirement for asset security before you are able to access the money but we require a personal guarantee. require an individual guarantee. So long as you comply with the terms of your loan (as specified in your loan contract), asset security will never be needed. For loans of over $150,000 generally there is the option of a personal ensure and security in the form the charge of assets.
