A Concord unsecured business loan is easy and quick in applying for. Apply for a loan quickly and begin using the money in your business.
You can expect:
The conditions for eligibility for an unsecured business loan within Concord are fairly minimal.
Call Now 1300 020 945Applying for the company financing in Concord with us is easy and takes just a few minutes, no lengthy forms or lines.
Be approved and receive your funds within 1 – 2 company days.
We want to assist Concord businesses of all types, whether small, medium or solopreneurs access funds quickly so that they can make use of the loan to expand and develop.
The criteria for eligibility for an unsecured business loan in Concord of between $5K and $100K are fairly minimal.
Looking for more funding? Find out the conditions of eligibility for our $100K-$500K business financing.
The criteria to be eligible to be eligible for the larger Concord company loans of between $100K and $500K are:
Are you looking for a lower amount of funds? Look over the eligibility requirements for our $5K to $100K Concord unsecured business loans.
A Concord unsecured loan is ideal to use for every business reason. Get in touch with us today.
Do you want to begin one of these options as early as tomorrow? Get in touch with us today or send an application online to apply the fastest, most convenient way.
All that is needed to start is your contact information (company name and your name, as well as email, phone), how much you’d like to borrow and your monthly income.
In the course of the process and before settlement we will need confirmation of your identity, but not before we can begin:
Once we’ve started in the process, for loans that exceed $150,000, you’ll also need basic financial statements.
Let’s get started now.
In the wake of traditional lenders and banks tightening their credit terms, the steady stream of alternative and non-bank loan providers entering the market provides an excellent source for you to access.
Concord SME’s are now in a position to obtain finance via other lenders in Concord who are focused on facilitating company growth or smoothing out cash flow challenges. In the past, when the personal sources of credit (drawing equity from a house loan or credit cards in addition to personal loans and loans) were the only alternative funding services for Concord that were around.
There’s an end to the need of having to rely on using real estate to secure company lending. With an unsecured loan business financing is now easy. Instead of a term loan with the bank, business finance for a small business with interest rates and loan terms that aid in cash flow are available as business credit options.
There are substantial benefits associated by separating personal and business debt.
Limit your exposure, make your tax time more simple, apply for an unsecured busines loan. Get it today.
One of the main benefits of keeping your private and business assets separate will be the fact that your home isn’t necessarily tied up to the funds. In the case of a business loan within Concord up to $100K asset security won’t be required as long as the borrower meets their loan obligations.
Companies are in a favourable long-term position if they can show good credit and debt capacity to pay.
The separation of personal as well as company financial accounts makes it more straightforward in the event of tax time - particularly when identifying what is the tax-deductible allocation. The IRD has set out guidelines on the proof required for claiming deductions on a company’s tax return. This is a subject that the IRD have specifically advised on.
A well-organised cash flow management system is key for the long-term survival for any company. By keeping personal and company finances distinct, businesses can easily view, monitor and plan based on their ability to easily evaluate their cash flow situation.
Concord unsecured loans provides amounts between $5,000 and $100,000. The terms range between 3 and 24 months. They also offer 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 on the phone. You’ll receive an instant response and the funds could be in your account within 24 hours. Traditional company loans refer to an annual rate of interest plus other fees and charges. The business loan is a pre-paid loan so you will be aware in advance of the total amount due, which includes any fees, charges or charges. This is then divided into a daily or weekly payment amount.
The Small Business Loan can be used for almost every company purpose including cash flow management, business remodeling, marketing to purchase inventory or new equipment, to fund general working capital, and much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help business growth opportunities. Loans range from $100,000 to $500,000 with a term fixed with a maximum of 36 months. The repayments are made weekly or fortnightly, depending on you cashflow.
A Larger Business Loan has an Origination Fee which is calculated at 2.5 percent of the amount of the loan.
In order to be eligible for a loan in this amount, your business needs to have been trading for at least 3 years and generate an annual revenue of $700K. The applicant must also be 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 of proving at least 12 months of trading.
A Larger Business Loan can be used to fund almost every company need, including business renovations, to purchase new equipment or inventory as well as for general working capital and much more. The loan is not available for personal use.
Asset security is required for accessing funds over $150,000. This is as a result of an charge against assets and can include registration through the PPSR or the registration of as a caveat.
A director’s or personal guarantee is a commitment to pay off a credit line that is generally based rather than specifying security over an asset. The person who is signing the ensure is personally responsible if the company lender is not able to pay back 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 goods or assets). The PPSR permits preference over private property assigned in accordance with the date on which a security interest that is registered.
Caveats are legal document filed to provide an official notice of a claim against a property.
If you’re requesting a Larger Business Loan of $250,000 or more we may be able to provide an initial pre-approval to simplify the process. We might be able to apply for this without a credit check, and within 6 hours of the initial application. The pre-approval process is based on an initial assessment, which involves you answering some financial health checks. It’s neither an offer nor a guarantee of credit. Acceptance without condition is subject to a full credit assessment and any offer you are offered could be based on different terms.
You can apply for a company loan if you;
The application process is fast and simple. Just complete the online application within a couple minutes, and an experienced company expert in lending will be in touch to guide you through the process.
To apply for up to $100,000 you’ll need the right identification documents (valid Driver’s License) as well as a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K – $250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K – $500K: Application details including credit consent as well as 12 months bank statement, an IRD statement as well as the two most recent years’ financial statements, plus interim current financial year financials including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K and up) We can usually offer a response in one hour – as long as you submit your request at standard company time and permit us to utilise the advanced bank verification system to immediately verify your bank account information online. If you decide to upload copies of your banking statement, we’ll provide an answer in as little as one business day.
If you are applying for a Larger Business Loan ($100K to $500K) we could be likely to provide you with pre-approval conditional to your application in around six hours. After you’ve signed the pre-approval form, it will take around 2-3 days for final approval. However, it could be faster based upon the circumstances for each application. Some agreements have been approved within just 24 hours.
The fastest way is to ensure you apply during standard business hours. Also, allow us to use our advanced bank verification system to check your bank’s information online. If you send us the copies of bank accounts, it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we typically provide a response in one hour if you apply within standard business times and permit us to use the advanced bank verification system link to instantly verify your bank details online. If you want to send us copies of your bank statements, we will be able to offer a decision within an business day.
For the Larger Business Loans ($100K up to $500,000) We may be capable of provide you with pre-approval conditional to your application in about six hours. Once you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval, however this may be quicker depending on the circumstances of each application. Certain agreements have been approved within the space of 24 hours.
The fastest way can be make sure you apply during normal business hours. You can also let us use the advance bank verification to instantly verify your bank information online. If you choose to send us copies of your bank statements it will take a little longer.
We offer the loan amount between $5,000 and $500,000. When you make an application for a particular amount, we look at a variety of factors in order to assess your well-being for your business as well as the amount of the repayments your company can support. The total amount of your loan will be contingent on the particular circumstances for your business.
When you make an application for a set amount, we look at a range of aspects to determine how much we can lend you such as health of the company and the level of the repayments your company can support. The amount you receive from the loan will be determined by the specific circumstances that are unique to your business.
When you request business loans with us business credit, we’ll assess the risk profile of your business and offer you with a tailored offer that includes the loan amount, the terms and the interest rates. The company loan is an upfront cost loan which means you be aware of the total amount due, which includes any interest rates, fees or charges.
Interest rates for company loans rates vary due to factors including the amount borrowed, the business assets the funds are used to purchase, the industry the business operates in, the long the business is in operation as well as whether the business has enough cash flow to cover the loan, and also the general well-being or financial standing of the business.
There are no hidden costs for our company loans. You’ll know exactly how much you be required to pay and when, from day one. There’s no compounding interest and there are no additional charges (as long as you make your payments on time).
We don’t charge an Application Fee. You can apply for a loan absolutely no upfront cost and no any obligation to sign up.
The Origination Fee is the cost associated in establishing and managing the loan. The only way to pay this fee if you proceed with the loan. The Origination Fee for us is 2.5% of the loan amount.
You can decide to repay all of your loan early at any time.
If you do decide to take this route, please call our helpful business loan experts. We will provide you with the details of your repayment and an early payout figure. This is calculated as the total of the principal amount remaining plus any accrued interest as of the time of the early payout in addition to 1.5 percent of the principal amount remaining and any fees that remain unpaid.
To help you avoid missing payment dates and to align with your cash flow cycle we offer repayments that are either weekly or daily. They will be automatically deducted from your company account.
The security of your personal information, as well as being clear about how we collect the information we collect, use, share and protect your information, is crucial and an integral aspect of our relationship with you.
Yes. We utilise industry-recognised encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to security for our customers and security. We employ a highly sophisticated bank verification system to immediately verify your bank account details online to provide an immediate response.
Asset-based borrowing occurs when the company owner makes use of an asset they own to get the loan. The asset can be either a personal asset like the family home or a company 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’re having trouble paying back the loan then the asset could be transferred to the lender. In essence, it’s an opportunity to secure new funding using the value of what you already own.
For loans of up to $150K, the requirement for asset security is not required in advance to gain access to the funds, however we require a personal guarantee. require the personal guarantee. So long as you comply with the terms of your loan (as detailed in your loan contract document) Asset security is not required. If you take out loans in excess of $150,000 typically, you will need an individual ensure and security in the form of a charge over assets.
Although we can’t help with an unsecure business loan for those industries, we might be able to assist with a secured business loan.
