An Eastlakes unsecured business loan is easy and quick to apply for. Request a quick approval and begin using the money for your business.
What you can expect:
The eligibility requirements for an unsecured business loan within Eastlakes are fairly minimal.
Call Now 1300 020 945Applying for the business loans in Eastlakes with us is easy and takes only a few minutes, no piles of paperwork or long waits.
Receive approval and funds within one to two company days.
Our focus is to assist Eastlakes companies of all types, whether small, medium or solopreneurs access funding fast so they can make use of the loan to build and expand their business.
The criteria for eligibility for an unsecured business loan in Eastlakes of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Check out the guidelines for eligibility for our $100K-$500K company loans.
The criteria to be eligible to be eligible for larger Eastlakes business loans of between $100K and $500K include:
Looking for a smaller amount of capital? Find out the eligibility requirements for our $5K to $100K Eastlakes unsecured company loans.
An Eastlakes unsecured loan is ideal for almost any company need. Get in touch with us today.
Are you looking to start one of these options as early as tomorrow? Contact us or send your application online for the quickjest fasted way.
All that is needed for starting is your contact information (the name of your company, your name, email or phone number) and the amount you’d like to borrow and your monthly revenue.
Through the process and before settlement we’ll need confirmation of your identity but not before we can begin:
Additionally after we get started when it comes to loans over $150,000 you’ll need basic financial statements.
Let’s get started.
With traditional lenders and banks tightening their credit terms and the constant stream of alternative and non-bank loan providers that are entering the market provides a great resource to access.
Eastlakes SME’s are now in a position to obtain finance via alternative lenders who service Eastlakes who are focused on facilitating business growth or smoothing out the cash flow problems. In the past, private credit options (drawing equity from the house loan, or by using credit cards in addition to personal loans and credit cards) was the sole alternative financing services within Eastlakes that were available.
There’s an end to the requirement to rely on real estate to secure business loans. With an unsecured loan business funding is made simple. Instead of a term loan through banks, business finance for an SME with interest rates and loan terms that can help to manage cash flow are around as business loans.
There are many benefits by separating personal and business debt.
Reduce your risk, make the tax process simpler, start with an unsecure business loan. Get it today.
One big drawcard for keeping your private and company assets apart will be the fact that your home isn’t required to be tied for access to the money. For a modest business loan in Eastlakes up to $100K the security of assets won’t be required so long as the borrower fulfills the loan requirements.
Businesses will be in a advantageous long-term situation if they are able to demonstrate credit/debt ability to service.
It is important to separate personal from company finances makes it significantly more straightforward with regards to tax time, especially when it comes to determining the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has set out the requirements for evidence for claiming deductions on the tax return of a company. This is a subject that the IRD has advised specifically on.
A well-organised cash flow management system is essential to the long-term survival of any business. By keeping your personal finances and business finances separate, companies can easily view, monitor and plan based on the ability to effectively evaluate their cash flow situation.
Eastlakes unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow friendly repayments which can be made daily or weekly.
It is imaginable to apply to your Small Business Loan in under 10 minutes over the phone, receive an answer within the same day and have the funds in your account in 24 hours. Traditional business loans refer to an annual rate of interest plus other fees and charges. This business loan is a pre-paid loan so you will know in advance the total amount to be paid, including any interest, fees or charges. Then, it is divided into weekly or daily installment amount.
A Small Business Loan can be used for virtually every business use, including the management of cash flow, company renovations, marketing to purchase inventory, new equipment, to fund general working capital and so much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger loan size to support business growth opportunities. Loans are between $100,000 and $500,000 with a fixed-term that can last up to 36 months. Repayments are either weekly or fortnightly to work with your situation.
A Larger Business Loan has an Origination Fee that is calculated at 2.5 percentage of the loan amount.
To be eligible for a credit that is this large, your company needs to be trading for at least 3 years and have an annual turnover of $700K. The applicant must also 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 of proving at minimum 12 months of continuous trading.
A large business loan can be used for nearly every company purpose including business renovations, to purchase inventory or new equipment for general working capital and so much more. The loan cannot be used for personal use.
Asset security is necessary to access funding over $150,000. This can be done in the form of a charge over assets and can include registration in the PPSR or filing a caveat.
A director’s or personal ensure is a promise to repay a loan which is general in nature, rather than stipulating security over an asset. The person who signs the ensure is personally responsible if the business creditor is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It contains security interests registered in respect of personal property (including objects or assets). The PPSR allows priority over personal property to be granted according to the date a security interest has been registered.
A caveat is a legal document filed to offer the public notice of a legal claim to a property.
If you’re applying for a Larger Business Loan of $250K or more, we may offer a preliminary pre-approval to help make the process. We may be able to get this done without a credit check and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes answering a couple of financial health questions. It’s in no way an offer, nor is it a guarantee of credit. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer that you receive could be based on different conditions.
You can apply for an business loan if you;
The application process is fast and simple. Just complete the online application within a couple minutes, and an experienced business lending specialist will be in touch to guide you.
To apply for up $100,000 you’ll need proof of identity (valid Driver’s Licence) as well as an NZBN/IRD that is valid and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K to $250K: Information about the application including credit consent, 6 – 12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K-$500K: Application details including credit consent twelve months of bank records, IRD statement, last 2 years finalised financial statements, as well as interim financials from the current financial year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K to $100K) we typically offer an answer in just one hour if you apply within quality business times and permit us to utilise the bank verification system link to instantly verify your bank’s information online. If you want to upload copies of your bank statements , we will be able to offer the decision within an company day.
For the Larger Business Loan ($100K to $500K) we may be capable of provide you with conditional pre-approval in around 6 hours. Once you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, this can be quicker based upon the circumstances for each application. Certain agreements have been approved within the space of 24 hours.
The fastest way would be to make sure you apply during standard business hours, and allow us to use the advanced bank verification system to instantly confirm your bank details online. If you decide to send us copies of your bank statements it will take a little longer.
For the Small Business Loan ($5K up to $100,000) we usually provide an answer in just one hour – as long as you submit your request in normal business timings and permit us to use the advanced bank verification system link to immediately verify your bank account information online. If you opt to upload copies of your banking statement, we’ll offer the decision in as little as one business day.
For Larger Business Loans ($100K or more) we may be able to offer you with pre-approval conditional to your application within 6 hours. Once you’ve signed your pre-approval form, it will take about 2-3 days for final approval, however this may be quicker depending upon the circumstances for each application. Some deals have been approved within just 24 hours.
The fastest way is to make sure you apply during normal business hours and permit us to use the modern bank verification link to instantly confirm your bank details online. If you send us duplicates of your banking statements, it takes a bit longer.
We provide loans ranging from $5,000 to $500,000. If you apply for a certain amount we will consider a number of factors that determine your well-being for your company as well as the amount of payments your company can afford. The amount you receive from your loan will be contingent on the particular circumstances that are unique to your company.
When you apply for a certain amount, we take into consideration a variety of variables to assess how much we can lend you such as health for your business as well as the amount of repayments that your company can support. The amount you receive from your loan will be contingent on the particular circumstances that are unique to your company.
If you decide to make an application for one of our business loans, we will assess the risk assessment that you have for your business and provide an individualised offer, including the loan amount, the terms and interest rates. A business loan is an upfront priced loan which means you know the exact amount to be paid, including any charges, interest rates or fees.
The interest rates on company loans rates depend on several variables like the amount to be of money borrowed, the business assets the money are used to purchase as well as the field the company operates in, the long the company is in operation for, how long the company has sufficient cash flow to support the loan, and also the overall well-being or financial standing of the company.
There are no hidden fees with our business loans. You’ll know precisely how much it is that you be required to pay, and when, starting from the first day. There’s no compounding interest and no additional fees (as as long as you pay your payments punctually).
We don’t charge an Application Fee. You can request a credit loan with no cost upfront or commitment to apply.
The Origination Fee includes the expenses associated with setting up and managing the loan. The only way to pay this fee if you decide to take the loan. Our Origination Fee is 2.5 percent of the loan amount.
You can repay the entire amount of your advance loan at any time.
If you do decide to take this route, please call our helpful business credit professionals. We will provide you with the details of your repayment along with an early payout estimate. The figure will be calculated as the sum of the principal remaining and the accrued interest up to the date of early payout, plus 1.5% of the remaining principal and any outstanding fees.
To help you avoid missing repayments and to fit in your cash flow cycle we provide repayments either weekly or daily. They are automatically deducted from your company account.
Security of your data, and knowing how we collect the information we collect, use, share and safeguard your data, is crucial and a vital part of our relationship you.
Yes. We employ industry-recognised encryption standards to protect your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our commitment to the security of our clients as well as their privacy. We use an advanced bank verification system link to immediately verify your bank account details online so we can provide a fast response.
Asset-based borrowing is when an business owner uses an asset that they own to make the loan. The asset can be an asset belonging to the personal, like the family home, or it could be a business asset like a truck as well as a piece of machine.
The majority of lenders, including the banks with the biggest size, prefer to guarantee loans against assets. If you have trouble paying back the loan then the asset might be taken over by the lender. In essence, it is a way of securing new financing using the value of what you already have.
For loans up to $150K the requirement for asset security is not required upfront to access the money but we do require an individual guarantee. If you adhere to the terms of your loan (as stated in your loan contract document) and you are able to meet your obligations, asset security is not needed. If you take out loans in excess of $150,000 generally, there is an individual ensure and security in the form of an asset charge.
Although we cannot assist with an unsecured business loan for these types of industries, we may be able assist with the secured business loan.
