A Claymore unsecured business loan is simple and quick to obtain. Request a quick approval and start using the funds in your business.
You can expect:
The criteria for eligibility for an unsecured business loan to be made in Claymore are fairly minimal.
Call Now 1300 020 945Applying for business loans in Claymore company financing in Claymore with us is simple and only takes about a couple of minutes, there are no lengthy forms or lines.
Be approved and receive your cash within one to two company days.
We aim to help Claymore businesses of all kinds, from small to medium-sized solopreneurs to access money quickly, so that they can make use of the loan to expand and grow.
The requirements for obtaining an unsecured business loan in Claymore of between $5K and $100K is fairly low.
Looking for more funding? Review the eligibility requirements for our $100K-$500K company financing.
The eligibility requirements for loans from larger Claymore company loans of between $100K and $500K are:
Are you looking for a lower amount of money? Take a look at the eligibility requirements for our $5K to $100K Claymore unsecured business loans.
A Claymore unsecured loan is great for nearly any company use. Contact us now.
Want to get started on one of these projects as soon as tomorrow? Then get in touch with us now or apply online to apply the fastest, most convenient way.
All you need to start is your contact information (the name of your company, your name, email and phone), how much you’d like to borrow and your monthly income.
During the process and before settlement we’ll need confirmation of your identity, but not before we can begin:
Once we’ve started in the process, for loans greater than $150,000 you’ll also require basic financial statements:
Let’s get started.
With traditional and bank lenders restricting credit, the steady stream of non-bank and alternative loan providers that are entering the market offers an incredible source for you to take advantage of.
Claymore SME’s are now able to access finance through other lenders in Claymore who are focused on enabling business expansion or smoothing out cash flow challenges. The past was when individual credit providers (drawing equity from the home loan, or by using credit cards, personal loans and loans) were the only alternative financing solutions in Claymore that were around.
There is now no requirement to rely on using real estate to secure business loans. With an unsecured loan business financing is now easy. Instead of a term loan with the bank, business finance for an SME with interest rates and loan terms that aid to manage cash flow are available as business credit options.
There are substantial benefits associated by separating personal and company debt.
Limit your exposure, make the tax process simpler, start with an unsecure loan for business. Apply today.
One major benefit of keeping your individual and business assets apart will be the fact that your house isn’t tied to allow access to the funds. For a modest business loan within Claymore up to $100K, asset security will not be required as long as the borrower fulfills their loan obligations.
Companies are in a favourable long-term financial position if they have a good credit or debt capacity to pay.
A separation between personal and company financial accounts makes it more seamless with regards to tax time - particularly when determining the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the guidelines for the documentation required to be able to claim deductions on the tax return of a company. This is an area the IRD has specifically advised on.
Effective cash flow management is vital to the longevity in any business. By keeping your personal finances and company finances separate, companies can easily view, monitor and plan based on their ability to easily evaluate their cash flow situation.
Claymore unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 month and cash flow friendly repayments that are either daily or weekly.
Apply to get the Small Business Loan in under 10 minutes on the internet or over the phone, receive a same day response and have the funds available in just 24 hours. Traditional company loans reference an annual interest rate plus other fees and charges. We offer a business loan is a loan that is priced upfront and you’ll know ahead of time the amount you will have to pay, including any fees, interest or charges. This is then broken down into either weekly or daily installment amount.
It is a Small Business Loan can be used for almost every business purpose including managing cash flows, business improvements, advertising, to purchase inventory or new equipment, for general working capital and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund business expansion opportunities. Loans range from $100,000 to $500,000 with a term fixed for up to 36 months. The repayments are made weekly or fortnightly in order to accommodate you cashflow.
The Larger Business Loan has an Origination Fee which is calculated at 2.5% of the loan amount.
In order to be eligible for a loan in this amount, your company needs to be trading for at least 3 years and have an annual turnover of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A Larger Business Loan can be used to fund almost any company purpose including business renovations, to purchase new equipment or inventory, as general working capital, and much more. The loan is not available to fund personal expenses.
Asset security is needed for accessing funds over $150,000. This can be done as a result of an charge on assets, and may be registered in the PPSR or filing as a caveat.
A personal or director’s ensure is a guarantee to repay a loan which is generally in nature rather than defining security over an asset. The person who signs the guarantee is personally responsible if the company creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including the assets or goods). The PPSR gives priority over personal property to be assigned according to the date the registration of a security interest.
A caveat is a legal form of document to offer the legal claim against a property.
When you’re applying for larger business loans that is greater than $250,000 we may be able to provide an initial pre-approval to ease the process. We may be able to get this done without a credit verification and within 6 hours of your initial application. The pre-approval process is based on an initial evaluation that involves the answer to a series of financial health checks. It’s not an offer or guarantee of funds. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you receive could be subject to different conditions.
You may be eligible for an business loan if you
The application process is fast and simple. Simply complete the online form in just a few minutes, and an experienced business credit specialist will contact you to guide you through the process.
For a loan of up to $100,000, you’ll require identification details (valid Driver’s License) along with an active NZBN/IRD, and at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K to $250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K-$500K: Details for application including credit consent and 12 months bank statement, an IRD statement Last 2 years’ finalised financial statements, plus interim financial statements for the current year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K up to $100,000) we can often provide an answer within an hour if you submit your request at quality company hours and let us use the advanced bank verification system to instantly verify your bank’s information online. If you opt to upload copies of your banking statement, we’ll provide the decision in just one company day.
For the Larger Business Loan ($100K and up) we may be able to provide you with conditional pre-approval in around 6 hours. After you’ve signed the pre-approval form, it will take around 2-3 days for final approval. However, this can be quicker based on the particular circumstances of each application. Certain transactions have received approval within just 24 hours.
The fastest way for you to apply is make sure you apply during standard business hours. You can also allow us to use our advance bank verification link to instantly check your bank’s information online. If you send us documents from your account statements , it may take a bit longer.
For the Small Business Loan ($5K or more) We can usually offer an answer within one hour – provided you apply within standard business timings and permit us to utilise the advanced bank verification system to instantly verify your bank information online. If you choose to submit copies of your bank statement, we’ll offer the decision in just one business day.
For the Larger Business Loans ($100K and up) we might be able to offer you with a conditional pre-approval within 6 hours. Once you have signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, it could be faster based on the specifics of each application. Certain offers have been approved within 24 hours.
The fastest method is to ensure you apply during normal business hours, and let us use the advanced bank verification system to verify your bank information online. If you decide to upload the copies of bank accounts, it may 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 will consider a number of factors to determine your well-being of the company and the level of repayments your business can support. The total amount of your loan will be contingent on the particular circumstances that are unique to your business.
If you apply for a specific amount we take into consideration a variety of factors to determine your health of the company as well as the amount of payments your business is able to afford. The total amount of the loan will be determined by the particulars the business.
When you apply for one of our company loans, we will assess the risk assessment the company and provide you with a customised proposal that includes the amount of the loan, the duration and interest rates. This company loan is an upfront priced loan therefore you will know the exact amount payable including any costs, fees, or interest rates.
Business loan interest rates vary due to factors like the amount of money borrowed, what company assets the funds will be used for and the sector the company operates in, the long the company has been operating, how long the company has enough cash flow to support the loan, and the general health or creditworthiness of the company.
There are no hidden costs for our company loans. You’ll know precisely how much you’ll be required to pay and when, right from the first day. There’s not any compounding interest and there are no additional charges (as long as you make your payments punctually).
We do not charge an Application Fee. You can get a cash loan with no upfront cost or obligation to proceed.
The Origination Fee includes the expenses associated with setting up and managing the loan. The only way to pay this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.
You can choose to repay the entire amount of the loan at any point in time.
If you do decide to take this route, please contact our helpful business loan specialists. The specialists will provide you with the details of your repayment along with an early payout estimate. It will be calculated using the sum of the principal amount remaining and any accrued interest at the time of the early payout plus 1.5 percent of the principal remaining and any fees that remain unpaid.
To help you avoid missing due dates and also to be in line your cash flow schedule, we offer repayments either daily or weekly. They are automatically deducted from your nominated business account.
Security of your data, and being clear about how we collect, use, exchange and protect your information, is vital and an integral aspect of our relationship with you.
Yes. We make use of industry-standard encryption standards to protect your personal, sensitive and financial data and our funders are ISO 27001 qualified for our dedication to customer security and privacy. We employ a highly sophisticated bank verification system link to instantly verify your bank account details online, allowing us to offer a fast response.
Asset-based borrowing occurs when a business owner utilises an asset they own to get the funding. The asset can be either an individual asset, such as the family home or a business asset such as a truck or piece of equipment.
The majority of lending institutions, even the largest banks, are inclined to make loans secured by assets. If you are having difficulty paying back the loan then the asset might be transferred to the lender. In essence, it’s the process of securing additional financing using the value of what you already have.
For loans that exceed $150,000, no asset security is required in advance to gain access to the funds however, we require a personal guarantee. need a personal guarantee. If you adhere to the terms of your loan (as stated in your loan contract), asset security is not needed. For loans of over $150,000 typically, you will need an individual ensure and security is provided in the form of a charge over assets.
We can’t assist with an unsecure business loan for these industries, we may be able to help you with the secured business loan.
