A Concord unsecured business loan is easy and quick in applying for. Apply for a loan quickly and use the money in your business.
You can expect:
The conditions for eligibility for an unsecured business loan in Concord are fairly minimal.
Call Now 1300 020 945Applying for business loans in Concord business credit for company in Concord with us is simple and only takes less than a minute, with no mountains of paperwork or queues.
Get approved and receive your funds within 1 – 2 company days.
Our purpose is to assist Concord companies of all kinds, from small to medium-sized soloprenuers to get access to 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 Concord of between $5K and $100K is fairly low.
Looking for more funding? Review the conditions of eligibility for our $100K-$500K business financing.
The criteria for eligibility to be eligible for the larger Concord company loans of between $100K to $500K comprise:
You are looking for a lesser amount of capital? Check out the eligibility requirements for our $5K-$100K Concord unsecured business loans.
A Concord unsecured loan is ideal to use for every company purpose. Get in touch with us today.
Want to get started on one of these options as early as tomorrow? Then get in touch with us today or send an application online to apply the fastest, most convenient way.
All that is needed to begin is your contact details (the name of your company, your name, email address, phone) and the amount you’d like to lend, and your monthly earnings.
In the course of the process and before settlement we will require confirmation of your identity, but not to get started:
After we start, for loans over $150,000 you’ll need basic financial statements.
Let’s get started now.
With traditional lenders and banks tightening credit conditions The steady flow of non-bank and alternative loan providers entering the market offers a great resource for you to access.
Concord SME’s are now able to access finance through alternative lenders that service Concord who are focused on facilitating company expansion or smoothing out the cash flow problems. In the past, the personal sources of credit (drawing equity from the house loan, or using credit cards and personal loans as well as the overdraft) was the sole alternative funding services within Concord that were around.
There is now an end to the need in the present to rely on using real estate to secure company loans. With an unsecured loan, business funding is made simple. Instead of a term loan with banks, business finance for an SME with interest rates and loan terms that can help with cash flow is available as business loan options.
There are many benefits with separating personal and business debt.
Lower your risks, and make tax times easier, get started with an unsecure loan for business, apply today.
One big drawcard for keeping your personal and business assets separate can be that your house isn’t necessarily tied up to allow access to the funds. For a modest business loan in Concord up to $100K the security of assets won’t be needed as long as the borrower is able to meet the loan requirements.
Companies are in a favourable long-term position if they have a good credit or debt capacity to pay.
The separation of personal as well as business financial accounts makes it more straightforward with regards to tax time, particularly when determining what is the tax deductible allocation. The IRD has outlined the guidelines for the documentation required to be able to claim deductions on a company’s tax return. This is an area the IRD have specifically advised on.
Effective cash flow management is crucial to the longevity for any company. By keeping your personal finances and company finances separate, businesses can easily view how they are performing, monitor and plan on the ability to effectively evaluate their cash flow situation.
Concord unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow friendly repayments, which are either daily or weekly.
Apply for the Small Business Loan in under 10 minutes on the phone. You’ll receive an answer within the same day and have the funds available in just 24 hours. Traditional business loans reference an interest rate per annum as well as other fees and charges. Our company loan is a cash-based loan so you will know ahead of time the total amount payable including any fees, interest or charges. This is then divided into a daily or weekly amount to be paid back.
A Small Business Loan can be used for virtually every company use, including cash flow management, company remodeling, marketing, to purchase inventory or new equipment, for general working capital and much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger amount of loan to help business growth opportunities. Loans are between $100,000 and $500,000 with a term fixed with a maximum of 36 months. The repayments are made weekly or fortnightly, depending on your cash flow.
This Larger Business Loan has an Origination Fee, which is calculated at 2.5% of the amount of the loan.
In order to be eligible for a loan that is this large the business needs to be in operation for at least 3 years and generate an annual revenue of at least $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of business.
A large business loan is a great option for almost any business need, including company renovations, to purchase equipment or inventory as well as for general working capital and much more. The loan cannot be used for personal purposes.
Asset security is needed to access funding over $150,000. This can be done in the form of a charge against assets, which could also include registering this through the PPSR or registering as a caveat.
A director’s or personal guarantee is a guarantee to pay back a loan that is generally in nature rather than specifying security over an asset. The person who signs the guarantee is personally liable in the event that the company creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It contains security interests registered in respect of personal property (including objects or assets). The PPSR gives the priority of personal property granted according to the date the registration of a security interest.
The caveat can be described as a formal document filed to provide the public notice of a legal claim on a property.
If you’re requesting the Larger Business Loan that exceeds $250K it is possible to offer a preliminary pre-approval to help simplify the process. We might be able to apply for this without a credit verification and within 6 hours of your initial application. This pre-approval is based on an initial assessment that includes you answering a few financial health checks. It is in no way an offer, nor is it a guarantee of financing. The approval of a conditional loan is subject to an extensive credit evaluation and any offer that you may receive may be based on different terms.
You may be eligible for a business loan if you;
The application process is simple and easy. Simply complete the online form within a couple minutes, and a dedicated company loan specialist will be in touch to assist you.
To apply for up $100,000 you’ll need the right identification documents (valid Driver’s License) and an active NZBN/IRD, and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K to $250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K-$500K: Details of the application, including credit consent, 12 months of bank statements, IRD statement Last 2 years’ finalised financial statements, as well as interim financials for the current financial year such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K up to $100,000) we can often provide an answer within one hour, provided you apply at standard business time and you allow us to utilise the advanced bank verification system to instantly verify your bank details online. If you decide to send us copies of your bank statement, we’ll provide the decision within an business day.
For Larger Business Loans ($100K and up) we may be likely to offer you with a conditional pre-approval within 6 hours. After you’ve signed your pre-approval form, it will take about 2-3 days for final approval. However, this can be quicker based on the specifics of each application. Some agreements have been approved within the space of 24 hours.
The most efficient method can be make sure you apply during normal company hours. Also, allow us to use our advanced bank verification system to verify your bank account information online. If you upload documents from your account accounts, it takes a bit longer.
For the Small Business Loan ($5K and up) we typically offer an answer within one hour if you make your application within standard business time and let us use the bank verification system link to instantly verify your bank information online. If you decide to send us copies of your bank statements we can offer a decision in just 1 business day.
For the Larger Business Loans ($100K or more) We may be able to offer the conditional pre-approval in about 6 hours. Once you have signed the pre-approval, turnaround times are about 2-3 days for final approval, however this can be faster depending upon the circumstances for each application. Some agreements have been approved in just 24 hours.
The quickest method would be to ensure you apply during standard business hours. Also, allow us to use our advance bank verification to instantly check your bank’s information online. If you decide to send us copies of your bank accounts, it takes a bit longer.
We provide loans that range from $5,000 to $500,000. When you make an application for a certain amount we take into consideration a range of aspects to determine the health of the company and the amount of the repayments your business can support. The amount you receive from your loan will depend on the specific circumstances the business.
If you apply for a particular amount, we will consider a number of variables to assess how much we can lend you such as health that is your company as well as the amount of repayments your company will be able to support. The amount you receive from your loan will be determined by the specific circumstances the business.
When you apply for one of our business credit, we will assess the risk assessment for your company and offer you with a customised offer including the amount of loan, the term and interest rates. It is a business loan is an upfront cost loan so you will be aware in advance of the total amount payable including any charges, interest rates or fees.
The interest rates on business loans rates depend on several factors such as the amount that is borrowed, what company assets the funds will be used for, the industry the business operates in, the long the business is in operation for, how long the company has enough cash flow to fund the loan, and also the overall health or creditworthiness of the business.
There aren’t any hidden charges for our business loans, and you’ll know exactly how much you need to pay, and at what time, from the 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 punctually).
We do not charge an application fee. You can apply for a loan with with no upfront cost or obligation to proceed.
The Origination Fee covers the costs associated with setting up and managing the loan. It is only charged for this fee if you proceed with the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.
You can choose to repay the entire amount of your loan early at any time.
If you do decide to do this please call our helpful business credit professionals. The professionals will provide you with details on repayment along with an early payout estimate. The figure will be calculated as the total of the principal amount remaining plus any accrued interest as of the time of the early payout and 1.5% of the principal remaining plus any outstanding fees.
To help you avoid missing due dates and also to be in line your cash flow cycle we offer repayments either daily or weekly. They will be automatically deducted from your designated business account.
Making sure that your information is secure, and knowing the ways we gather the information we collect, use, share and secure your information, is crucial and an integral element of our relationship with you.
Yes. We employ industry-recognised encryption standards to secure your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our commitment to customer security and privacy. We make use of an advanced bank verification system link to immediately confirm your bank account information online, allowing us to provide rapid response.
Asset-based borrowing is when the business owner borrows from the assets they have to obtain the funds for a loan. The asset could be an individual asset, such as the family home or a business asset such as a truck as well as a piece of machine.
The majority of banks, even the largest banks, are inclined to make loans secured by assets. If you are having difficulty paying back the loan, your assets could be sold by the lender. In essence it is means of securing additional financing taking advantage of the value of what you already have.
For loans up to $150,000 no asset security is required prior to the loan’s access, however we do need the personal guarantee. So long as you comply with your loan commitments (as detailed in your loan contract) the security of assets is not needed. For loans that exceed $150K, typically, you will need personal guarantee and security that is in the form a charge over assets.
Although we can’t help with an unsecured business loan for these industries, we may be able to help you by providing an secured business loan.
