The eligibility requirements for an unsecured business loan in Sydney of between $5K and $100K is fairly low.
Need more funds? Review the conditions of eligibility for our $100K-$500K business loans.
All you need for starting is your contact details (the name of your company, your name, email address, phone) along with the amount you’d like to borrow, and your monthly earnings.
Through the process and before settlement we’ll need confirmation of who you are, but not for starting:
In addition, once we have started in the process, for loans that exceed $150,000, you will also need the following financial statements:
Let’s get started.
Sydney unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 months and cash flow friendly repayments, which are either daily or weekly.
Apply to get this Small Business Loan in under 10 minutes on the internet or over the phone, receive an immediate response, and the money could be on your account within 24 hours. Traditional business loans have an annual interest rate along with other charges and fees. Our company loan is a loan that is priced upfront so you will be aware in advance of the total amount payable including any fees, interest or charges. This is then broken down into a daily or weekly repayment figure.
The Small Business Loan can be used for nearly every business need, such as the management of cash flow, company improvements, advertising to purchase inventory, new equipment, to fund general working capital and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger amount of loan to help company growth 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 to work with you cashflow.
A Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the amount of the loan.
To qualify for a loan that is this large, your company needs to have been operating for at least three years and have an annual turnover of at least $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A larger company loan is a great option for almost any business purpose including company renovations, to purchase inventory or new equipment for general working capital, and much more. The loan cannot be used for personal purposes.
Asset security is necessary for accessing funds over $150,000. This can be done as a result of an charge on assets, and may include registration through the PPSR or filing a caveat.
A personal or director’s guarantee is a guarantee to repay a loan which is general in nature rather than stipulating the security for a particular asset. The person who is signing the guarantee is personally accountable if the company the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It contains security interests registered in respect of personal property (including the assets or goods). The PPSR gives preference over private property granted in accordance with the date on which a security interest has been registered.
An affidavit is an official document filed to provide the legal claim to a property.
If you’re seeking larger company loans of $250K or more, we may offer an initial pre-approval to smooth out the process. We might be able to apply for this without a credit verification and within six hours of your initial application. The pre-approval process is based on an initial assessment that includes you answering some financial health checks. This is neither an offer nor a guarantee of credit. Unconditional approval is subject to a full credit assessment and any offer you receive could be based on different conditions.
You are eligible to apply for a company loan if you;
The application process is quick and simple. Just complete the online application in just a few minutes, and an experienced company credit specialist will contact you to help you.
To be eligible for up to $100,000, you’ll require ID details (valid Driver’s Licence) along with a valid NZBN/IRD and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K to $250K: Application requirements, including credit consent, 6 – 12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K-$500K: Information on the application including credit consent, 12 months of bank statements, IRD statement Last 2 years’ finalised financial statements, as well as interim current financial year financials as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K up to $100,000) we usually offer an answer in just one hour, provided you submit your request in standard business hours and allow us to utilise the bank verification system link to instantly verify your bank information online. If you opt to upload copies of your banking statements , we will be able to offer a decision within 1 company day.
For the Larger Business Loan ($100K and up) we might be able to offer you with conditional pre-approval in about 6 hours. Once you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this may be quicker depending on the circumstances of each application. Certain transactions have received approval in 24 hours.
The most efficient method is to make sure you apply during normal company hours. Also, allow us to use the advance bank verification to instantly verify your bank information online. If you decide to upload duplicates of your banking accounts, it may take a bit longer.
For the Small Business Loan ($5K and up) We can usually provide an answer in just one hour – as long as you submit your request at normal business time and allow us to use the advanced bank verification system to immediately verify your bank account information online. If you opt to submit copies of your bank statements, we are able to offer an answer within the span of one business day.
For Larger Business Loans ($100K up to $500,000) we might be in a position to offer you with a conditional pre-approval in around six hours. After you’ve signed the pre-approval document, you will need to wait approximately 2-3 days to receive final approval, however it could be faster based on the circumstances of each application. Some transactions have received approval in just 24 hours.
The fastest method for you to apply is make sure you apply during normal business hours. Also, let us use the sophisticated bank verification link to instantly check your bank’s information online. If you opt to send us copies of your bank accounts, it can take a bit longer.
We offer loans ranging from $5,000 and $500,000. When you make an application for a certain amount we take into consideration a range of aspects for determining the well-being of the company and the amount of payments your business is able to afford. The amount you receive from the loan will be determined by the specifics for your business.
When you apply for a set amount, we take into consideration a variety of elements to assess how much we can lend you such as well-being for your company as well as the amount of payments your company can support. The total amount of your loan will be contingent on the particulars of your company.
If you decide to request one of our business loans, we will assess the risk assessment for your company and offer you with a tailored proposal that includes the amount of the loan, the duration and interest rates. It is a company loan is an upfront priced loan so you will know in advance the total amount due, which includes any costs, fees, or interest rates.
Business loan interest rates differ based on various factors including the amount that is borrowed, what company assets the money are used to purchase and the sector the business is operating in, how long the company is in operation and whether the company has sufficient cash flow to cover the loan, and also the overall well-being and creditworthiness of the company.
There are no hidden fees with our company loans, and you’ll be aware of the amount you’ll be required to pay and when, from the very first day. There’s no compounding interest, and there are no additional charges (as as you make your payments in time).
We do not charge an Application Fee. You are able to make an application for loans with no cost upfront or obligation to proceed.
The Origination Fee covers the expenses involved with the setting up and management of the loan. You are only charged this fee if you decide to take the loan. Our Origination Fee is 2.5 percent of the loan amount.
You can choose to repay the total amount of your loan in full at any time.
If you choose to pursue this option, please speak to our friendly business loan specialists. They’ll provide you with the details of your repayment and an early payment figure. This will be calculated as the total of the principal remaining and the accrued interest up to the time of early payout plus 1.5% of the principal balance as well as any outstanding fees.
In order 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 deducted from your nominated business account.
Making sure that your information is secure, and making it clear the ways we gather the information we collect, use, share and ensure the security of your information is crucial and an integral aspect of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your personal, sensitive and financial data and our funders are ISO 27001 qualified for our commitment to the security of our customers as well as their security. We use an advanced banking verification system to immediately confirm your bank account information online to offer an immediate response.
The term "asset-based" refers to borrowing where a business owner utilises the assets they have to get the funds for a loan. The asset may be an individual property, such as the family home, or a business asset like a truck or piece of equipment.
The majority of the lenders including the banks with the biggest size, prefer to secure loans against assets. If you’re having trouble paying back the loan, your assets could be sold by the lender. In essence it’s means of securing new funding using the value of what you already have.
Up to $150,000 in loans it is not necessary to secure assets in advance to gain access to the funds, however we do require the personal guarantee. In the event that you fulfill the terms of your loan (as stated in the loan contract) and you are able to meet your obligations, asset security is not required. For loans of over $150,000 typically, you will need a personal ensure and security is provided in the form of an asset charge.
