Unsecured Business Loans Bexley NSW

By This Tomorrow You Could Be On The Right Track To Success WithThe Help Of a Bexley Business Loan

Unsecured Business Loans Bexley

A Bexley unsecured business loan is quick and simple to apply for. Apply for a loan quickly and use the money in your business.

  • Would extra funds help your company with working capital or to realise the potential for growth?
  • What is the financing strategy you are using to fund your company needs?

What you can expect:

  • Easy to apply to be approved and receive the funds will be available as early as tomorrow
  • Optionally , no reayments during the initial four weeks
  • Borrow from $5k to $500K
  • Terms from 3-36 months
  • Competitive rates of interest prices
  • Minimal documentation required

The conditions for eligibility for an unsecured business loan in Bexley are fairly minimal.

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Business business loans, interest rates and repayment conditions, and flexible repayment options to fit the requirements of your business requirements.
Business Lending Options
Business loans, especially an unsecured unsecured business loan or line of credit to business financing require not be a stressful process. Business finance can be in the form of small business loans at a fixed interest rates and repayment period that is suitable for the needs of your company liquidity.
Business Lenders for Business Goals
I am now able to make the coffee I serve my customers using the very best equipment.
Cafe Owner
I can now fund the fitout of our fresh Bexley resturant without having to pull cash from the other ones.
Bexley Resturant Owner
I can get my tax back on track.
Small Business Owner
I'm now able to go on a holiday knowing my Bexley business will run smoothly.
Local Business Owner
I'm now able to hire a marketing specialist to take my company to the next level.
Growing Bexley Business
Simple loan application procedure with a huge borrowing limit, minimal credit criteria and no requirement to create a business plan. Stop using your personal credit card and company credit cards to fund your company.
Unsecured Loans Made Simple
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for the business loans within Bexley with us is simple and only takes less than a minute, with no mountains of paperwork or queues.

Be approved and receive your funds in 1-2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Bexley businesses of all kinds, including medium, small and even solopreneurs access funding fast so they can utilise the loan to expand and develop.

  • It starts with an easy online application, or phone call
  • Flexible repayment terms to meet the requirements of your business
  • Fast funding within a day or two
  • We want for you as well as your company to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The eligibility requirements for an unsecured business loan in Bexley of between $5K and $100K are pretty minimal.

  • A minimum of six months in business
  • At least $6,000 of revenue per month
  • You must be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as evidence of identity
  • Make sure you have a New Zealand bank as your principal account for trading
  • Bank statements from the previous 6 months

Are you looking for additional funding? Take a look at the eligibility requirements for our $100K to $500K business loan.

Here's How Other People Have Benefited

Examples of Business Loans

A gym that had been going for nearly 3 years wanted to grow and needed more equipment. With an average monthly revenue of $37K they borrowed$72K over a 24 month period. The loan was not secured and the loan was compelted within the span of 24 hours.
Gym
An interior designer had spotted an opportunity to increase the size of their company and needed working capital in order to finance this expansion. With monthly revenue of $300K they took out a loan of $250K for 24 months. The turnaround time was only two days and all they needed to present were 12 months worth of banking statement IRD confirmation, as well as trust deed.
Interior Designer
Following the purchase of a pizza store and two liquor stores 6-12 months earlier, the new owners were seeking additional funds. The total revenue of the two stores was more than $500k per month. They were able to borrow $300K. The loan was split into $100K per store on the option of 24- and 36 month terms. There was no security on the owners' houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
The owner of a modest grocery store making $70K a month borrowed $76K over a 24 month term with no repayments for the first 4 weeks. This had a requirement of 12 months' bank statements. The turn around time was 6 hours from the time of application until receiving the funds.
Grocery Store Small Business Loan
A business coach was seeking to invest in an well-being as well as beauty company. With a little over 12K in revenue per month, they borrowed $24K over 24 months. The loan was based on twelve months worth of statements and was completed in just 8 hours.
Business Coach
Simple eligibility checklist

Larger Bexley Business Loan Eligibility Criteria

The requirements for eligibility in the larger Bexley business loans of between $100K and $500K are:

  • Minimum of 3 year’s experience in business
  • At least $700K of annual income
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for proof of identity
  • Use an account at a New Zealand bank as your principal account for trading
  • Bank statements for the last 6 months
  • Certain financial statements, such as Profit & Loss and Aged Accounts Payable and Receivable

Looking for a smaller amount of funding? Find out the guidelines for eligibility for our $5K-$100K Bexley unsecured business loans.

Business Lending for a Cash Injection

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

A Bexley unsecured loan is perfect for almost every company purpose. Get in touch with us today.

  • Add or remodel the commercial space
  • Grow the team during busy times
  • Grow stock quantities to meet demand
  • Build a new website or boost your marketing
  • Make sure you invest in the latest equipment, tools or technology
  • Purchase additional stock to meet seasonal demand
  • Manage cash flow fluctuations
  • And many more …

Are you looking to start one of these as soon as tomorrow? Contact us or apply online now to get the fastest and most efficient process.

Quick application checklist

What do you need to apply

All you need to start is your contact information (the name of your company, your name, email address or phone number) as well as the amount you’d like to borrow, and your monthly earnings.

Through the process and before settlement we will require confirmation of your identity but not to get started:

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

After we start, for loans of more than $150,000 you’ll also require the following financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

A gym that was running for more than three years decided to increase its size and needed more equipment. With monthly revenue of $37K they borrowed $72K over a month period. No security was required and the loan was ready to go in just 24 hours.
Gym
A plumber who has been in business for three years and has the monthly revenue of $80K was in search of additional funds. They took out a loan of $153K for 36 months. All that was needed is 12 months worth of banking statements and confirmation from the IRD. The process was completed within one day, and the plumber was able to access their working capital available in their account within a short time.
Plumber
After purchasing a pizza restaurant as well as two liquor stores 6-12 months earlier, the new owners were seeking additional cash. The overall revenue was 500K per month. They were able to obtain $300K. This was then split as $100K for each store, with two different 24 and 36 month terms. No security over the owner's houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
With the busy holiday season approaching, a clothing store required working capital in order to fund extra inventory and benefit from a supplier discount. They took out a loan of $20K over a period of 12 months, with no security of assets required. They received the money in just 24 hours.
Clothing Store
An interior designer had noticed an opportunity to grow their company and needed working capital to fund this expansion. With a monthly income of $300K, they borrowed $250K in 24 months. The turnaround time was only two days and all they had for them to present the required documents were twelve months' bank statement IRD confirmation, as well as trust deed.
Interior Designer

Unsecured Business Loan Bexley NSW 2207

The lending landscape has changed

With traditional and bank lenders increasing their credit requirements and the constant stream of non-bank and alternative loan providers that are entering the market provides an excellent source to tap into.

Bexley SME’s are now in a position to obtain finance via alternative lenders that service Bexley who are focused on facilitating company expansion or smoothing out cash flow issues. In the past the personal sources of credit (drawing equity from the house loan, or by using credit cards and personal loans as well as loans) was the sole alternative financing solutions in Bexley that were around.

There’s there is no need in the present to rely on the real estate market to secure business loans. With an unsecured loan, business funding is simple. Instead of a traditional term loan from banks, business finance for an SME with interest rates and loan terms that can help in cash flow are around as business lending options.

 

 

High level summary

Separate personal and business debt

There are numerous benefits in separating personal from company debt.

  • Your home or other investments, aren’t tied up for the purpose of accessing funds
  • It is the business is in a much better position to establish its own, clear credit history
  • It’s considerably more straightforward at tax time
  • Businesses are able to easily review the situation, track and plan based on being able to easily evaluate their cash flow situation

Reduce your risk, make the tax process more simple, apply for an unsecure business loan. Apply today.

For those who like the detail

Separate personal and business debt

Risk

One of the main benefits of keeping your individual and company assets separate will be the fact that your house isn’t required to be tied to allow access to the funds. If you’re looking for a small business loan in Bexley up to $100K the security of assets won’t be required as long as the borrower meets the loan requirements.

Credit history

Businesses will be in a advantageous long-term situation if they have a good credit or debt capacity to pay.

Tax

It is important to separate personal from company finances makes it much more straightforward in the event of tax time, particularly when determining what is the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out requirements for evidence to claim deductions on the tax return of a company. This is an area the IRD have specifically advised on.

Cash flow

A well-organised cash flow management system is key for the long-term success in any business. By keeping personal and business finances separate, businesses can easily view the situation, track and plan based on the ability to effectively determine their cash flow status.

I'm now able to hire a marketer to take my company to the next level of business growth.
Growing Business
I am now able to make the coffee I serve my customers using the best equipment.
Cafe Owner
Business loans, specifically an unsecured business loan or line of credit to business financing require not be a difficult process. Finance for a business in the shape in the form of small business loans at an interest rate and repayment term that is suitable for your business budget.
Business Lenders for Business Goals
I am now able to take vacation knowing that I am confident that my Bexley company will run well.
Local Business Owner
I'm now able to finance the remodel of our brand fresh Bexley resturant without having to pull cash from the other locations.
Bexley Resturant Owner
I'm able to get my tax back on time.
Small Business Owner
Business loans with interest rates and repayment terms as well as flexible repayment options to fit you business requirements.
Business Lending Options
An easy loan application process with a generous limit on borrowing, no requirements for credit, and there is no requirement to create a business plan. You no longer need to use your personal credit card or company credit cards as a way to fund your business.
Unsecured Loans Made Simple
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Information About The Bexley Small Business Loans

Tell me what you think of the Bexley Small Business Loans

Bexley unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow friendly repayments that are either daily or weekly.

What makes this Unsecured Loan different from an traditional company loan?

It is imaginable to apply to this Small Business Loan in under 10 minutes over the phone, receive an instant response and the money could be on your account within 24 hours. Traditional company loans are based on an interest rate per annum along with other charges and fees. This business loan is a cash-based loan so you will know in advance the amount you will have to pay, including any interest, fees or charges. This is then divided into a daily or weekly payment amount.

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

The Small Business Loan can be used to fulfill almost every business use, including the management of cash flow, business remodels and marketing to purchase inventory or new equipment, or as general working capital and so much more. The loan cannot be used for personal reasons.

About the Larger Bexley Business Loans

What is the Larger Bexley Business Loan?

The Larger Business Loan is a larger size loan to aid in company growth opportunities. Loans range between $100,000 and $500,000 with a fixed-term up to 36 months. Repayments are weekly or fortnightly depending on your situation.

How’s the Origination Fee determined?

A Larger Business Loan has an Origination Fee that is calculated at 2.5% of the amount of the loan.

Do I qualify for the Larger Business Loan?

In order to be eligible for a loan of this size the business needs to be in operation for at least 3 years and have an annual turnover of $700,000. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.

What can I use the funds for?

A larger company loan is a great option for almost all company need, including business renovations, purchase of new equipment or inventory, as general working capital and so much more. The loan is not available to fund personal expenses.

Is the Larger Business Loan a secured loan?

Asset security is required to obtain funding above $150,000. It is usually by taking a charge against assets, which could also include registration in the PPSR or the registration of a caveat.

A director’s or personal ensure is a promise to pay back a loan that is generally based rather than specifying the security for a particular asset. The person who is signing the guarantee is personally responsible if the business borrower is unable to re-pay the debt.

The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It contains security interests granted to individuals who own personal property (including goods or assets). The PPSR gives preference over private property assigned according to the date a security interest was registered.

A caveat is a legal document lodged to provide notice of a legal claim on a property.

What is a pre-approval without Credit Check?

If you’re requesting a Larger Business Loan that exceeds $250K it’s possible to offer an initial pre-approval to smooth out the process. It is possible to get this done without a credit check and within 6 hours of the initial application. The pre-approval process is based on an initial evaluation that involves you answering a few financial well-being questions. This is not an offer or guarantee of financing. Unconditional approval is subject to an extensive credit evaluation and any offer that you may receive may be subject to different terms.

The application process

Do I have the right to receive funds?

You may apply for a company loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are over the age of 18 and own a New Zealand business (with a valid NZBN/IRD)
  • you must demonstrate at minimum 6 months of trading (for for the unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K or $500K)

How do I apply?

The application process is quick and simple. Just complete the online application in few minutes and a dedicated business lending specialist will be in touch to guide you.

To apply for up to $100,000, you’ll require ID details (valid Driver’s License) as well as a valid NZBN/IRD and at least six months of bank statements.

Otherwise, for larger loan sizes, you’ll also require:

$100K to $250K: Application requirements, including credit consent, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Details for application including credit consent and 12 months of bank statements, IRD statement as well as the two most recent years’ financial statements, in addition to interim current financial year financials as well as Aged Payables and Receivables summaries.

How soon will I hear a decision?

For an unsecured loan ($5K to $100K) we usually offer an answer in just one hour – as long as you submit your request in standard company hours and allow us to use the advanced bank verification system to instantly verify your bank details online. If you opt to upload copies of your bank statements we can offer an answer within just the span of one business day.

For Larger Business Loans ($100K or more) we might be likely to provide you with conditional pre-approval in around six hours. After you’ve signed your pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, it could be faster based upon the circumstances for each application. Some offers have been approved within 24 hours.

The most efficient method would be to make sure you apply during standard company hours. Also, permit us to use the modern bank verification to verify your bank account information online. If you opt to send us documents from your account statements it will take a little longer.

How quickly will I receive the money?

For the Small Business Loan ($5K or more) We can usually provide a response in one hour if you make your application during standard business times and permit us to make use of the advanced bank verification system to instantly verify your bank information online. If you opt to submit copies of your bank statements, we’ll be able to provide an answer in just an business day.

If you are applying for Larger Business Loans ($100K up to $500,000) We may be in a position to provide you with a conditional pre-approval within six hours. Once you have signed the pre-approval, turnaround times are about 2-3 days for final approval. However, this may be quicker depending on the particular circumstances of each application. Some agreements have been approved within less than 24 hours.

The fastest way for you to apply is make sure you apply during normal business hours and let us use the advance bank verification link to instantly verify your bank information online. If you opt to upload duplicates of your banking statements it will take a little longer.

What’s the minimum amount I can borrow?

We provide loans that range from $5,000 to $500,000. If you apply for a certain amount, we look at a variety of elements in order to assess how much we can lend you health for your business and the amount of repayments that your company will be able to support. The amount you receive from your loan will depend on the specific circumstances of your company.

When you submit an application for a set amount, we consider a variety of aspects to determine the well-being for your business and the level of payments your company can support. The total amount of your loan will be determined by the specifics the company.

Fees & repayments

What is the cost for the cost of a business loan?

When you apply for business loans with us business loans, we’ll assess the risk assessment that you have for your company and provide an individualised offer including the amount of the loan, the duration and interest rates. The company loan is a loan that is priced upfront which means you know in advance the total amount due, which includes any charges, interest rates or fees.

What determines the amount I’m charged?

Interest rates for business loans rates depend on a variety of factors including the amount that is borrowed, what company assets the money will be used for in addition to the industry that the business operates in, how long the business has been operating, in the event that the company has sufficient cash flow to cover the loan, and overall well-being or financial standing of the company.

What are the costs?

There are no hidden costs with our company loans, and you’ll be aware of the amount it is that you need to pay and when, from day one. There’s not any compounding interest and the loan comes with no additional fees (as long as you are able to make your payments punctually).

We do not charge an Application Fee. You are able to make an application for loans with no cost upfront or any obligation to sign up.

The Origination Fee is the cost associated with the setting up and management of the loan. It is only charged for this cost if you take out the loan. The Origination Fee for us is 2.5% of the amount of the loan.

Can I pay out the loan early?

You can repay the entire amount of the advance loan at any time.

If you are deciding to do this please call our helpful business loans experts. We will provide you with the details of your repayment as well as an early payout amount. This will be calculated as the total of the principal balance plus any accrued interest as of the date of early payout plus 1.5 percent of the remaining principal and any fees that remain unpaid.

How do you make repayments work?

To help you avoid missing payments and to work your cash flow cycle we offer repayments either weekly or daily. They are automatically deducted from your nominated company account.

Security & privacy

Will my data be protected?

Protecting your information, and being clear about the ways we gather, use, exchange and safeguard your data, is of paramount importance and is a crucial part of our relationship with you.

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

Yes. We use industry recognised encryption standards to secure your personal, sensitive and financial data and our funders are ISO 27001 certified for our dedication to customer security and security. We utilise a sophisticated banking verification system to immediately confirm your bank account information online. This allows us to provide a fast response.

About business loans

How do you define asset-based lending (a secured loan)?

The term "asset-based" refers to borrowing where a company owner makes use of an asset that they own to make the funds for a loan. The asset can be a personal asset like the family home, or a company asset such as a vehicle as well as a piece of machine.

The majority of lending institutions, including the largest banks, are inclined to guarantee loans against an asset. If you have trouble paying back the loan, your asset may be taken over by the lender. In essence it is a way of securing new funding making use of the value of what you already own.

Should I need security for an company loan?

Up to $150,000 in loans it is not necessary to secure assets prior to the loan’s access however, we do require an individual guarantee. In the event that you fulfill the loan terms (as stated in the loan contract) and you are able to meet your obligations, asset security will never be required. For loans over $150K generally, there is a personal ensure and security is provided in the form of a charge over assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites and auction houses
  • Debt collection companies & debt purchasers
  • Direct marketers including mail order, fundraising, telemarketing, direct-mail etc
  • Financial lenders and institutions
  • {Firearm dealers
  • Foreign currency exchange offerings
  • Customs clearing houses and freight forwarding
  • Business involved with gambling
  • Non-profit organisationsincluding charities and churches etc
  • Panel beaters & smash repairers
  • Pawnbrokers & pawn shops
  • Property developers
  • Stockbrokers, shares &invesment businesses
  • Tattoo studios
  • Ride sharing & taxi services
  • Ticket resellers & entertainment sales
  • Vehicle towing services
  • Secondhand vehicle dealerships
  • Vehicle glass tintingservices
  • Vehicle wrecking yards

We can’t assist with an unsecure business loan in the above industries, we might be able to assist you by providing secured business loan.

Sydney Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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Apply Now

Contact Us

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1300 020 945