A Castlereagh unsecured business loan is quick and simple to get. Get a quick apporval and begin using the money to grow your business.
What to expect:
The conditions for eligibility for an unsecured business loan in Castlereagh are fairly minimal.
Call Now 1300 020 945Applying for a company financing within Castlereagh with us is simple and only takes less than a minute, with no piles of paperwork or long waits.
Get approved and receive your funds within one to two company days.
We are aiming to assist Castlereagh companies of all kinds, from small to medium-sized entrepreneurs to obtain money quickly, so that they can take advantage of loans to build and expand their business.
The criteria for eligibility for an unsecured business loan in Castlereagh of between $5K and $100K are fairly minimal.
Do you need more money? Find out the eligibility requirements for our $100K to $500K business loans.
The criteria for eligibility to be eligible for loans from larger Castlereagh company loans of between $100K to $500K comprise:
Do you require a smaller amount of capital? Check out the guidelines for eligibility for our $5K to $100K Castlereagh unsecured business loans.
A Castlereagh unsecured loan is perfect for almost every business reason. Call us now.
Do you want to start working on one of these options as early as tomorrow? Get in touch with us or send your application online to apply the fastest, most convenient way.
All you need to start is your contact details (the name of your company, your name, email and telephone) and the amount you want to borrow, and your monthly income.
In the course of the process and before settlement we’ll need confirmation of who you are but not before we can begin:
Additionally after we get started, for loans that exceed $150,000, you will also require the following financial statements:
Let’s get started.
With banks and traditional lenders tightening their credit terms as well as the continuous stream of alternative and non-bank loan providers entering the market provides an incredible source for you to access.
Castlereagh SME’s are now being able to get finance from alternative lenders who service Castlereagh who are focused on enabling company expansion or smoothing problems with cash flow. In the past, personal credit sources (drawing equity from a house loan, or using credit cards, personal loans and loans) were the only alternative funding solutions in Castlereagh that were available.
There is now there is no requirement of having to depend on real estate to secure business loans. With an unsecured loan, business funding is simple. Instead of a loan for a term with banks, business finance for an SME with interest rates and loan terms that can help with cash flow are around as business credit options.
There are numerous benefits by separating personal and company debt.
Lower your risks, make the tax process simpler, start with an unsecure business loan, apply today.
One big drawcard for keeping your business and personal company assets separate is that your house isn’t necessarily tied up for access to the money. In the case of a business loan within Castlereagh up to $100K the security of assets won’t be required so long as the borrower meets their loan obligations.
Businesses are in a more favourable long-term financial position if they have a good credit or debt serviceability.
It is important to separate personal from company finances makes it significantly more straightforward when it comes to tax time - especially when it comes to determining the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the guidelines on the proof required to claim deductions on a company’s tax return. This is an area that the IRD have specifically advised on.
Effective cash flow management is essential to the long-term success of any business. By keeping the personal financial and business finance separate, companies can easily view, monitor and plan based on their ability to accurately assess their cash flow position.
Castlereagh unsecured loans offers amounts of between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow friendly repayments, which are either daily or weekly.
You can apply to this Small Business Loan in under 10 minutes on the phone. You’ll receive a same day response and funds may be in your account in 24 hours. Traditional company loans refer to an annual rate of interest as well as other fees and charges. The company loan is a cash-based loan which means you be aware in advance of the total amount to be paid, including any fees, interest or charges. This is then broken down into weekly or daily installment amount.
A Small Business Loan can be used for almost any business use, including managing cash flows, company improvements, advertising to purchase inventory or new equipment, for general working capital and 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 company expansion opportunities. Loans are between $100,000 and $500,000 for a fixed period of up to 36 months. Repayments are scheduled weekly or fortnightly depending on you cashflow.
It is crucial to note that the Larger Business Loan has an Origination Fee, determined at 2.5 percent of the amount of the loan.
To be eligible for a credit that is this large the business needs to have been in operation for at least 3 years with an annual turnover of $700K. Your company must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A large company loan can be used for nearly all business reason, such as company renovations, to purchase equipment or inventory or as general working capital and much more. The loan cannot be used for personal use.
Asset security is needed to access funding over $150,000. It’s by taking a charge on assets, and may include the registration of this through the PPSR or filing as a caveat.
A director’s or personal ensure is a commitment to pay off a credit line that is general in nature rather than defining security over a particular asset. The person who is signing the ensure is personally accountable if the company borrower is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It lists security interests that are registered in respect of personal property (including objects or assets). The PPSR allows the priority of personal property assigned according to the date the registration of a security interest.
Caveats are legal form of document to provide the legal claim to property.
If you’re requesting the Larger Business Loan that exceeds $250,000, we may offer a preliminary pre-approval to help smooth out the process. We could be able to do this without a credit check and within six hours of your initial application. The pre-approval is based upon an initial evaluation that involves you answering a few financial well-being questions. It is neither an offer nor a guarantee of financing. Acceptance without condition is subject to an extensive credit evaluation and any offer that you are offered could have different conditions.
You may be eligible for an business loan if you
The process for applying is fast and simple. Complete the online form within a couple minutes, and an experienced company lending specialist will contact you to help you.
For a loan of up to $100,000 you’ll require identification details (valid Driver’s License) as well as a valid NZBN/IRD as well as at least 6 months of bank statements.
For larger loan sizes, you’ll also need:
$100K-$250K: Application requirements, including credit consent, 6 – 12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K-$500K: Information on the application including credit consent twelve months bank statement, an IRD statements and the last two years’ finalised financial statements, in addition to interim financials for the current financial year including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K and up) We can usually offer an answer within an hour if you submit your request within standard company times and allow us to use the advanced bank verification system to instantly verify your bank’s information online. If you decide to send us copies of your bank statements we can provide a decision in as little as an company day.
For the Larger Business Loan ($100K and up) we may be capable of provide the conditional pre-approval within about six hours. Once you have signed the pre-approval form, it will take between 2 and 3 days for the final approval, however this may be quicker depending on the circumstances of each application. Some deals have been approved within 24 hours.
The most efficient method for you to apply is ensure you apply during normal business hours. You can also allow us to use the modern bank verification link to confirm your bank details online. If you opt to upload copies of your bank accounts, it can take a bit longer.
For the Small Business Loan ($5K to $100K) We can usually offer an answer within an hour if you apply during standard business timings and you allow us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you decide to submit copies of your bank statements we can provide the decision in as little as one business day.
For the Larger Business Loans ($100K to $500K) we may be capable of offer you with pre-approval conditional to your application in around six hours. After you’ve signed the pre-approval form, it will take about 2-3 days for final approval. However, it could be faster based on the circumstances of each application. Some transactions have received approval in the space of 24 hours.
The quickest method is to make sure you apply during normal business hours and allow us to use our advance bank verification link to instantly confirm your bank details online. If you decide to send us the copies of bank statement, it will take a little longer.
We offer loan amounts between $5,000 to $500,000. When you make an application for a certain amount, we will consider a number of aspects to determine what is the well-being of the company as well as the amount of payments your business can afford. The total amount of your loan will be contingent on the specific circumstances the company.
When you apply for a specific amount we take into consideration a variety of variables to assess your well-being of your business and the extent of repayments your business can afford. The amount you receive from your loan will depend on the particular circumstances for your business.
When you make an application for one of our business loan, we will assess the risk profile that you have for your company and provide you with a customised offer including the amount of loan, the term and the interest rates. The business loan is an upfront priced loan and you’ll know in advance the total amount to be paid, including any costs, fees, or interest rates.
Interest rates for company loans rates depend on a variety of variables like the amount to be borrowed, what business assets the funds will be used for and the sector the company operates in, how long the company is in operation for, whether the business has sufficient cash flow to pay for the loan, and general health and creditworthiness of the company.
There are no hidden costs with our company loans, and you’ll know precisely how much it is that you be required to pay and when, right from the very first day. There’s no compounding interest and the loan comes with no additional fees (as long as you are able to make your payments in time).
We do not charge an application fee. You are able to request a credit loan with absolutely no upfront cost and no the obligation to take action.
The Origination Fee includes the expenses associated in establishing and managing the loan. You are only charged this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5% of the amount of loan.
You may choose to pay back the entire amount of your advance loan at any time.
If you are deciding to take this route, please speak to our friendly business lending experts. They’ll offer you with repayment details and an early payout figure. This is calculated as the total of the remaining principal amount and the accrued interest up to the date of early payout in addition to 1.5 percent of the principal remaining and any fees that remain unpaid.
To help you avoid missing payments and to work your cash flow cycle we provide payments that are either weekly or daily. They will be automatically deducted from your designated company account.
Security of your data, and being transparent about the ways we gather the information we collect, use, share and ensure the security of your information is crucial and is an essential part of our relationship you.
Yes. We utilise industry-recognised encryption protocols to safeguard your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our dedication to customer security and privacy. We use an advanced banking verification system to immediately verify the bank account details online to offer a fast response.
Asset-based borrowing is when an company owner borrows from an asset they own to secure the funds for a loan. The asset can be either an asset belonging to the personal, like the family home, or an business asset such as a vehicle or piece of equipment.
The vast majority of lenders, even the banks with the biggest size, prefer to secure loans against an asset. If you’re struggling to pay back the loan then the asset might be taken over by the lender. In essence, it is means of securing new funding taking advantage of the value of what you already own.
For loans up to $150,000 no asset security is required in advance to gain access to the funds, however we do require the personal guarantee. As long as you follow the terms of your loan (as specified in the loan contract) and you are able to meet your obligations, asset security will never be required. If you take out loans in excess of $150K generally there is the option of a personal ensure and security is provided in the form of the charge of assets.
We can’t assist with an unsecure business loan in the above industries, we might be able assist with the secured business loan.
