The criteria for eligibility for an unsecured business loan in Sydney of between $5K and $100K are pretty minimal.
Need more funds? Review the conditions of eligibility for our $100K to $500K business loans.
All you need to start is your contact details (company name, your name, email and telephone), how much you’d like to lend, and your monthly revenue.
During the process and before settlement we will need confirmation of who you are, but not before we can begin:
Once we’ve started with loans that exceed $150,000, you will also require basic financial statements.
Let’s get started.
Sydney unsecured loans offers amounts between $5,000 and $100,000. Terms range from 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.
Apply to get this Small Business Loan in under 10 minutes over the phone. You’ll get a same day response and funds may be in your account within 24 hours. Traditional business loans have an interest rate per annum plus other fees and charges. The business loan is a pre-paid loan and you’ll be aware of the total amount due, which includes the interest, fees and charges. Then, it is broken down into weekly or daily amount to be paid back.
It is a Small Business Loan can be used for almost any company need, such as the management of cash flow, business renovations, marketing to purchase inventory, new equipment, or as general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger loan size to support business growth opportunities. Loans are between $100,000 and $500,000 with a fixed-term for up to 36 months. Repayments are scheduled weekly or fortnightly to work with your cash flow.
A Larger Business Loan has an Origination Fee, which is determined at 2.5 percent of the amount of the loan.
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 at least $700K. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A Business Loan of a larger size is a great option for almost all business use, including company renovations, purchase of inventory or new equipment or as general working capital and much more. The loan is not available for personal purposes.
Asset security is needed for funding of more than $150,000. It is usually by taking a charge against assets, which could also include registering this with the PPSR or the registration of as a caveat.
A personal or director’s guarantee is a promise to pay back a loan that is general in nature, rather than stipulating security over an asset. The person signing the ensure is personally liable if the business creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It reflects security interests registered in respect of personal property (including objects or assets). The PPSR grants preference over private property assigned in accordance with the date on which a security interest that is registered.
The caveat can be described as a formal document that is filed to offer notice of a legal claim on a property.
If you’re applying for larger business loans that exceeds $250K we may be able to provide a preliminary pre-approval to help simplify the process. We may be able to get this done without a credit check, and within 6 hours of the initial application. This pre-approval is based on a preliminary assessment which includes answering a couple of financial well-being questions. This is in no way an offer, nor is it a guarantee of funds. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer that you may receive may have different terms.
You may apply for a company loan if you:
The process for applying is fast and simple. Just fill out the online application in few minutes and an experienced company credit specialist will be in touch to guide you through the process.
To be eligible for up to $100,000 you’ll need identification details (valid Driver’s License) and a valid NZBN/IRD and at least six months worth of bank statements.
For larger loan sizes, you’ll also need:
$100K to $250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Application details including credit consent and 12 months bank statement, an IRD statements, last 2 years finalised financial statements, as well as interim financial statements for the current year as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K or more) we can often provide a response in one hour if you submit your request during quality business times and let us use the advanced bank verification system to immediately verify your bank account information online. If you choose to submit copies of your bank statements , we will be able to offer a decision within 1 company day.
For the Larger Business Loan ($100K to $500K) we may be capable of offer the conditional pre-approval in around six hours. Once you have signed the pre-approval, the turnaround time is about 2-3 days for final approval, however this may be quicker depending on the circumstances of each application. Certain deals have been approved within 24 hours.
The fastest way is to make sure you apply during standard business hours and permit us to use the modern bank verification to check your bank’s information online. If you opt to upload documents from your account statements , it will take a little longer.
For the Small Business Loan ($5K and up) we can often offer an answer in just one hour if you make your application within normal business hours and you allow us to use 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 can provide a decision within one business day.
If you are applying for Larger Business Loans ($100K to $500K) we could be capable of provide you with pre-approval conditional to your application within about six hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however it could be faster based on the specifics of each application. Some offers have been approved in just 24 hours.
The fastest method for you to apply is make sure you apply during normal business hours and allow us to use the modern bank verification to instantly verify your bank information online. If you opt to upload documents from your account statements it can take a bit longer.
We provide loans that range from $5,000 and $500,000. When you submit an application for a certain amount we take into consideration a range of aspects for determining how much we can lend you well-being of the company and the amount of repayments that your business is able to afford. The total amount of the loan will be determined by the particular circumstances the company.
When you submit an application for a particular amount, we will consider a number of factors to determine how much we can lend you such as health that is your company and the level of repayments your company will be able to support. The amount you receive from your loan will be contingent on the particulars for your business.
If you decide to make an application for our business loan, we will assess the risk profile of your company and offer you with a customised proposal that includes loan amount, term and interest rates. The company loan is an upfront priced loan and you’ll be aware in advance of the total amount to be paid, including any charges, interest rates or fees.
Interest rates for company loans rates depend on several variables like the amount to be of money borrowed, the business assets the funds will be used for as well as the field the business operates in, the long the company is in operation for, what percentage of the business has enough cash flow to cover the loan, and overall well-being or financial standing of the company.
There aren’t any hidden costs with our company loans. You’ll be aware of the amount you be required to pay and at what time, from day one. There’s no compounding interest, and there are no additional charges (as as long as you pay your payments on time).
We don’t charge an Application Fee. You can make an application for loans with with no upfront cost or the obligation to take action.
The Origination Fee includes the expenses associated with setting up and managing the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the loan amount.
You can repay the entire amount of the loan at any point in time.
If you choose to do this please speak to our friendly company credit professionals. They will provide you with repayment details and an early payment figure. This is calculated as the sum of the principal balance and accrued interest to the time of early payment, plus 1.5% of the remaining principal and any fees that remain unpaid.
To ensure that you don’t miss repayments and to fit in with your cash flow cycle we provide repayments either daily or weekly. They are automatically deducted from your company account.
Making sure that your information is secure, and knowing how we collect data, process, 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 standards to secure your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to security for our customers and privacy. We employ a highly sophisticated bank verification system link to immediately verify the bank account details online. This allows us to offer a fast response.
An asset-based loan is when an company owner makes use of assets they own to make the funds for a loan. The asset could be an individual property, such as the family home, or an company asset such as a truck or other piece of machinery.
The vast majority of banks, even the banks with the biggest size, prefer to secure loans against an asset. If you’re having trouble paying back the loan, the asset could be transferred to the lender. In essence, it’s the process of securing new financing using the value of what you already have.
For loans of up to $150K, there is no requirement for asset security in advance to gain access to the funds but we require a personal guarantee. require an individual guarantee. So long as you comply with your loan obligations (as detailed in your loan contract) the security of assets will never be needed. For loans of over $150K typically, you will need an individual ensure and security is provided in the form of a charge over assets.
