Unsecured Business Loans Eastwood NSW

In The Next Few Hours, You Could Be Getting Ready For Success By Obtaining an Eastwood Business Loan

Unsecured Business Loans Eastwood

An Eastwood unsecured business loan is quick and easy to apply for. Request a quick approval and use the money for your business.

  • Do you think that additional funds could help your company with working capital or to take advantage of a growth opportunity?
  • How are you financing your company requirements?

You can expect:

  • It’s easy to apply and be approved for money as early as tomorrow
  • Optionally , no reayments during the first four weeks
  • Amount of loan from $5k up to $500K
  • Terms from 3 to 36 month
  • Competitive interest prices
  • Minimal docs needed

The criteria for eligibility for an unsecured business loan within Eastwood are fairly minimal.

Call Now 1300 020 945
Business loan interest rates and repayment terms and flexible repayment options to meet your company needs.
Business Lending Options
Business loans, especially an unsecured unsecured business loan or line of credit for business funding require not be a difficult procedure. Business finance in the form of small business loans at a fixed interest rate cost, and with a repayment schedule that fits your company cash flow.
Business Lenders for Business Goals
I can now make coffee for my clients using the very best equipment.
Cafe Owner
I am now able to fund the construction of our newly constructed Eastwood resturant without having draw cash from other locations.
Eastwood Resturant Owner
I'm able get my tax back on time.
Small Business Owner
I'm now able take a holiday knowing my Eastwood business will run effortlessly.
Local Business Owner
I'm now able to hire a marketing expert to take my business to the next step.
Growing Eastwood Business
Simple loan application procedure with a large amount of borrowing capacity, a low credit criteria and there is no need to provide a business plan. Stop using your personal credit card and business credit cards as a way to fund your business.
Unsecured Loans Made Simple
Unsecured Business Loan Service Provider

Fast Approval Process

The process of applying for an company financing for business in Eastwood with us is easy and takes just some minutes, without long lines of paperwork or waiting in line.

Receive approval and funds in 1 to 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our purpose is to assist Eastwood companies of all types, whether small, medium or entrepreneurs to obtain funds quickly so that they can take advantage of loans to grow and build.

  • It starts with an easy online application or phone call
  • Flexible repayment terms that can be tailored to your business
  • Fast and prompt funding within a single day or two days
  • A team wanting you and your business to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for getting an unsecured business loan in Eastwood of between $5K and $100K are fairly minimal.

  • A minimum of six months in business
  • At least $6,000 revenue per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification proof
  • You should have a New Zealand bank as your principal account for trading
  • Bank statements from the previous 6 months

Do you need more money? Take a look at the eligibility requirements for our $100K to $500K business loans.

Here's How Other People Have Benefited

Examples of Business Loans

A gym that was going for nearly 3 years was looking to expand and was in need of additional equipment. With a monthly income of $37K, they borrowed $72K over a 24- month period. There was no security requirement and the loan was ready to go in 24 hours.
Gym
An interior designer had noticed an opportunity to increase the size of their company and required working capital to finance the expansion. With monthly revenue of $300K they borrowed $250K over 24 months. Their turnaround time was just 2 days and all they had for them to present is 12 months' worth of Bank statement IRD confirmation, as well as trust deed.
Interior Designer
When they purchased a pizza shop as well as two liquor stores 6-12 months earlier the new owners needed additional funds. The total revenue of the two stores was more than $500K per month and they could have borrowed $300K. The loan was split into $100K per store on the option of 24- and 36 month terms. There was no security on the owners' houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
The owner of a small supermarket that was making $70K a month borrowed $76K over a 24 month period, with no payments for the first 4 weeks. This required 12 months of bank statements. The time to turn around was just six hours from the time of application until receiving the money.
Grocery Store Small Business Loan
A company coach was seeking to invest in a health and cosmetics business. With just under $12K in monthly revenue the company was able to borrow $24K over 24 months. The loan was based on twelve months worth of statement and was done in 8 hours.
Business Coach
Simple eligibility checklist

Larger Eastwood Business Loan Eligibility Criteria

The eligibility requirements to be eligible for loans from larger Eastwood company loans of between $100K and $500K are:

  • Minimum of 3 years in business
  • A minimum of $700K annually in revenue
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification
  • You should have a New Zealand bank as your principal trading account
  • Bank statements from the past six months
  • Some financial statements such and Profit & Loss, and aged accounts Payable and Receivable

Are you looking for a lower amount of funding? Take a look at the guidelines for eligibility for our $5K-$100K Eastwood unsecured business loans.

Business Lending for a Cash Injection

What do you want to use the business loan in Eastwood for?

An Eastwood unsecured loan is ideal for virtually any business purpose. Contact us now.

  • Renovate or expand the commercial space
  • Staff expansion for busy times
  • Boost stock levels to meet demand
  • Build a new website or boost your marketing
  • Put money into new tools, equipment or the latest technology
  • Purchase extra stock to cover seasonal demand
  • Manage cash flow fluctuations
  • And many more …

Want to get started on one of these as soon as tomorrow? So, contact us or send your application online for the quickjest fasted way.

Quick application checklist

What do you need to apply

All you need to get started is your contact details (company name, your name, email or phone number) as well as the amount you’d like to borrow and your monthly revenue.

While in the process and before settlement we will need confirmation of who you are, but not for starting:

  • Information on Idenfication (valid Driver’s License)
  • Business information including trading times owner details, trading time, as well as NZBN (New Zealand Business Number)

Once we’ve started in the process, for loans that exceed $150,000, you’ll require fundamental financial statements:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

A gym that was running for more than three years, was planning to expand and needed additional equipment. With a monthly income of $37K, they borrowed $72K over a 24 month period. No security was required to secure the loan. It was ready within only 24 hours.
Gym
A plumber who has worked in the business for 3 years with 80K in monthly sales was in search of additional funds. They took out $153K on 36 months. All they needed was 12 months of bank statements as well as confirmation of the loan's status with IRD. The process was completed in less than an hour and the plumber had their extra working capital in their account soon afterward.
Plumber
Following the purchase of a pizza restaurant and two liquor stores six to to 12 months ago, the new owners were seeking more funds. The combined revenue was over $500K per month and they were able to borrow $300K, split out as $100K for each store using two different 24 and 36 month terms. No security over the owners houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
The busy Christmas season was fast approaching, a clothes store needed working capital to fund extra stock and also benefit from discounts offered by suppliers. They secured $20K over the course of 12 months with no collateral for their assets, and they had the funds in 24 hours.
Clothing Store
An interior designer saw an opportunity to increase the size of their business and needed working capital to finance this expansion. With a monthly revenue of $300K they borrowed $250K over the course of 24 months. Their turnaround time was just 2 days and all they needed for them to provide the required documents were twelve months' bank statement IRD confirmation, IRD confirmation and their trust deed.
Interior Designer

Unsecured Business Loan Eastwood NSW 2122

The lending landscape has changed

With traditional and bank lenders restricting credit as well as the continuous stream of alternative and non-bank loan providers that are entering the market provides an incredible source to tap into.

Eastwood SME’s are now being able to get finance from alternative lenders who service Eastwood who are focused on facilitating company growth or smoothing problems with cash flow. In the past, individual credit providers (drawing equity from a home loan, or by using credit cards and personal loans as well as the overdraft) was the sole alternative funding solutions within Eastwood that were around.

There’s not a need in the present to rely on the real estate market to secure business loans. With an unsecured loan business funding is made simple. Instead of a term loan through the bank, business finance for an SME with interest rates and loan terms that can help with cash flow is available as business loans.

 

 

High level summary

Separate personal and business debt

There are many benefits in separating personal from business debt.

  • Your home or other investments, aren’t tied up in order to access funds
  • The business will be in stronger place to develop its own credit history
  • It is much more seamless when it comes to tax time
  • Businesses can easily view their cash flow, monitor and plan based on being able to clearly assess their cash flow position

Reduce your risk, make your tax time more simple, apply for an unsecure loan for business. Apply today.

For those who like the detail

Separate personal and business debt

Risk

One big drawcard for keeping your private and business assets apart is that your home isn’t tied for access to the money. In the case of a business loan in Eastwood up to $100K an asset security agreement will not be required so long as the borrower is able to meet the loan requirements.

Credit history

Businesses are in a more stable long-term position when they are able to demonstrate credit/debt capability.

Tax

The separation of personal as well as company financial accounts makes it more seamless with regards to tax time - particularly when determining what is the tax deductible allocation. The IRD has laid out guidelines for the documentation required to be able to claim deductions on an individual’s tax return. This is an area where the IRD have specifically advised on.

Cash flow

Effective cash flow management is essential to the long-term success for any business. By keeping the personal financial and company finances distinct, businesses can easily view, monitor and plan based on their ability to easily determine their cash flow status.

I can now hire an experienced marketer to help me increase the success of my company to the next stage of business growth.
Growing Business
I can now make coffee for my customers using the best equipment.
Cafe Owner
Business loans, specifically one that is an unsecured business loan or line of credit for business funding need to not become a tense process. Business finance can be in the form of small business loans that have an interest rate cost, and with a repayment period that fits your business budget.
Business Lenders for Business Goals
I can now take a holiday knowing it is safe knowing that Eastwood company will run without a hitch.
Local Business Owner
I'm now able to finance the renovation of our fresh Eastwood resturant without having to take cash from other resturants.
Eastwood Resturant Owner
I can get my tax back in order.
Small Business Owner
Business loans with interest rates and repayment terms and flexible repayment options to meet you company requirements.
Business Lending Options
A seamless loan application process that comes with a high loan limit, with minimal requirements for credit, and there is no requirement to provide a business plan. Do not use your personal credit card or business credit cards as a way to fund your business.
Unsecured Loans Made Simple
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Eastwood Small Business Loans

Tell me how you are able to avail the Eastwood Small Business Loans

Eastwood unsecured loans provides amounts between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow friendly repayments which can be made daily or weekly.

What is the Unsecured Loan different from an traditional business loan?

It is imaginable to apply to this Small Business Loan in under 10 minutes via the internet or over the phone, receive an immediate response, and funds may be on your account within 24 hours. Traditional business loans reference an annual interest rate plus other fees and charges. This company loan is a pre-paid loan and you’ll be aware of the amount you will have to pay, including any fees, charges or charges. Then, it is broken down into a daily or weekly repayment figure.

What can be the Small Business Loan be used for?

The Small Business Loan can be used for virtually any company purpose including the management of cash flow, business improvements, advertising, to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used for personal purposes.

Concerning Larger Eastwood Business Loans

What is the Larger Eastwood Business Loan?

The Larger Business Loan is a larger size loan to aid in company expansion opportunities. Loans are between $100,000 and $500,000 for a fixed period of that can last up to 36 months. The repayments are made weekly or fortnightly depending on the flow of cash.

How’s the Origination Fee determined?

A Larger Business Loan has an Origination Fee which is determined at 2.5% of the loan amount.

Am I eligible for the Larger Business Loan?

To qualify for a loan in this amount, your company needs to have been operating for a minimum of 3 years and generate an annual revenue of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.

What can I use the funds for?

A large company loan is a great option for almost all company need, including company renovations, purchase of equipment or inventory or as general working capital, and much more. The loan cannot be used for personal use.

Is the Larger Business Loan one that requires security?

Asset security is necessary for accessing funds over $150,000. It is usually in the form of a charge on assets, and could include registering this with the PPSR or filing a caveat.

A director’s or personal guarantee is a promise to pay off a credit line that is general in nature rather than stipulating the security for a particular asset. The person signing the ensure is personally responsible if the company borrower is unable to make the repayment.

The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including the assets or goods). The PPSR allows prioritisation over property that is personal to be assigned depending on the date that a security interest has been registered.

Caveats are legal form of document to provide the public notice of a legal claim on a property.

What is a pre-approval that does not require Credit Check?

If you’re applying for the Larger Business Loan of $250K or more, we may offer an initial pre-approval that will help make the process. It is possible to do this without credit checks and within 6 hours of your initial application. The pre-approval process is based on an initial evaluation that involves answering a couple of financial well-being questions. It’s not an offer of credit or guarantee of finance. The approval of a conditional loan is subject to an extensive credit evaluation and any offer you are offered could have different conditions.

Application process

Do I qualify for funds?

You may be eligible for a company loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are over the age of 18 and have a New Zealand company (with a valid NZBN/IRD)
  • must show at least six months’ worth of transactions (for a unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K or $500K)

How do I apply?

The application process is quick and simple. Just fill out the online application within a few minutes and an experienced business loan specialist will contact you to assist you.

To apply for up $100,000 you’ll require identification details (valid Driver’s Licence) and an active NZBN/IRD, and at least six months worth of bank statements.

Otherwise, for larger loan sizes, you’ll need:

$100K to $250K: Information about the application including credit consent, 6 – 12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K to $500K: Information on the application including credit consent, 12 months bank statement, an IRD statements as well as the two most recent years’ financial statements, and interim current financial year financials such as age-related payables and aged Receivables summaries.

How fast will I get an answer?

For an unsecured loan ($5K up to $100,000) we can often offer an answer within an hour if you apply during quality business hours and allow us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you decide to send us copies of your bank statement, we’ll offer a decision within one business day.

If you are applying for a Larger Business Loan ($100K or more) we may be capable of offer the conditional pre-approval within about 6 hours. Once you have signed the pre-approval, turnaround times are between 2 and 3 days for the final approval, however this can be quicker based on the specifics of each application. Some deals have been approved in 24 hours.

The quickest method is to make sure you apply during standard business hours. Also, let us use the advance bank verification link to confirm your bank details online. If you opt to upload documents from your account accounts, it can take a bit longer.

How fast will I get the cash?

For the Small Business Loan ($5K to $100K) we typically offer a response in one hour if you submit your request in standard business time and allow us to make use of the advanced bank verification system link to instantly verify your bank information online. If you opt to submit copies of your bank statement, we’ll offer a decision within an business day.

For the Larger Business Loans ($100K up to $500,000) we might be in a position to offer you with pre-approval conditional to your application in around 6 hours. Once you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval, however it could be faster based on the specifics of each application. Some deals have been approved in just 24 hours.

The fastest way can be ensure you apply during normal business hours. Also, allow us to use our advance bank verification link to confirm your bank details online. If you opt to upload documents from your account accounts, it takes a bit longer.

What’s the minimum amount I can borrow?

We provide loans ranging from $5,000 and $500,000. If you apply for a specific amount we consider a variety of aspects to determine what is the health that is your business and the level of repayments your company can afford. The amount you receive from your loan will depend on the particular circumstances that are unique to your company.

When you make an application for a set amount, we will consider a number of variables to assess how much we can lend you such as health that is your company and the extent of repayments your business will be able to support. The amount you receive from your loan will be contingent on the specifics for your company.

Fees & repayments

What is the cost for the cost of a company loan?

If you decide to make an application for the business credit, we will assess the risk profile the business and provide you with a customised offer that includes the loan amount, the terms and interest rates. It is a business loan is an upfront-priced loan which means you be aware of the total amount payable including any charges or interest.

What determines the rate that I pay?

The interest rates on business loans rates depend on a variety of factors like the amount of money that is borrowed, what company assets the funds will be used for in addition to the industry that the business operates in, the long the company has been running, whether the business has enough cash flow to cover the loan, and the overall well-being as well as creditworthiness business.

What are the cost?

There are no hidden costs with our company loans. You’ll be aware of the amount you’ll be required to pay, and when, right from the day you sign up. There’s no compounding interest, and no extra fees (as long as you are able to make your payments punctually).

We don’t charge an Application Fee. You are able to apply for a loan with with no upfront cost or obligation to proceed.

The Origination Fee covers the costs associated in establishing and managing the loan. The only way to pay this fee if you decide to take the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.

Do I have the option of paying off the loan in advance?

You can repay the total amount of your loan at any point in time.

If you decide to pursue this option, please speak to our friendly company loan professionals. They’ll offer you with details on repayment and an early payment figure. This will be calculated as the total of the principal amount remaining and accrued interest to the date of early payout and 1.5 percent of the principal remaining and any fees that remain unpaid.

What are the repayment methods?

To help you avoid missing payment dates and to align your cash flow schedule, we offer repayments either weekly or daily. These are automatically deducted from the nominated business account.

Security & privacy

Will my data be protected?

Protecting your information, and being upfront about the ways we gather the information we collect, use, share and secure your information, is vital and is a crucial aspect of our relationship with you.

Is it safe to link my bank account to the platform?

Yes. We make use of industry-standard encryption techniques to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our dedication to the security of our customers as well as their security. We utilise a sophisticated bank verification system to instantly verify your bank account information online, allowing us to offer quick responses.

About business loans

What’s an asset-based borrow (a secured loan)?

The term "asset-based" refers to borrowing where the company owner utilises the assets they have to obtain the funding. The asset can be either an individual property, such as the family home, or a business property like a truck or other piece of machinery.

The vast majority of lending institutions, including the largest banks, are inclined to secure loans against an asset. If you are having difficulty paying back the loan, then your assets could be transferred to the lender. In essence it’s means of securing new financing using the value of what you already have.

Do I need security to secure an business loan?

For loans that exceed $150K, the requirement for asset security is not required in advance to gain access to the funds However, we do need the personal guarantee. In the event that you fulfill the terms of your loan (as specified in your loan contract document) and you are able to meet your obligations, asset security will never be needed. For loans that exceed $150K, generally there is an individual guarantee and security is provided in the form of a charge over assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites or auction houses
  • Debt purchasers or debt collection companies
  • Direct marketers such as fundraising, telemarketing, mail order, direct-mail etc
  • Financial institutions & lenders
  • {Firearm dealers
  • Foreign currency exchange solutions
  • Customs clearing houses & freight forwarding
  • Gambling related industries
  • Non-profit organisations, charities and churches etc.
  • Smash repairers and panel beaters
  • Pawn shops or pawnbrokers
  • Property development
  • Stockbrokers, shares andinvesment businesses
  • Tattoo palours
  • Taxi and ridesharing services
  • Ticket resellers & entertainment sales
  • Towing services
  • Secondhand car dealers
  • Vehicle glass tintingfirms
  • Vehicle dismantlers

Although we can’t help with an unsecure business loan for these types of industries, we may be able to assist you by providing an secured business loan.

Sydney Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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Apply Now

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1300 020 945