An Ellis Lane unsecured business loan is simple and quick to obtain. Get a quick apporval and start using the funds to grow your company.
What you can expect:
The criteria for eligibility for an unsecured business loan within Ellis Lane are fairly minimal.
Call Now 1300 020 945Applying for an business financing within Ellis Lane with us is simple and only takes about a couple of minutes, there are no piles of paperwork or long waits.
Approved and receive money within 1 – 2 business days.
Our goal is to assist Ellis Lane businesses of all kinds, including medium, small and even solopreneurs to access funds quickly so that they can use the loan to grow and build.
The criteria for eligibility for an unsecured business loan in Ellis Lane of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Take a look at the conditions of eligibility for our $100K to $500K business loan.
The requirements for eligibility for loans from larger Ellis Lane company loans of between $100K and $500K are:
Looking for a smaller amount of capital? Take a look at the guidelines for eligibility for our $5K-$100K Ellis Lane unsecured business loans.
An Ellis Lane unsecured loan is great for virtually any business use. Talk to us today.
Do you want to start working on one of these as soon as tomorrow? Contact us now or apply online to get the fastest and most efficient process.
All you need to begin is your contact details (company name, your name, email or phone number) as well as the amount you’d like to borrow as well as your monthly income.
In the course of the process and before settlement we’ll need confirmation of your identity but not before we can begin:
In addition, once we have started with loans of more than $150,000 you’ll also require the following financial statements:
Let’s get started now.
With traditional lenders and banks restricting credit and the constant stream of non-bank and alternative loan providers that are entering the market provides a great resource to take advantage of.
Ellis Lane SME’s are now capable of accessing finance through alternate lenders servicing Ellis Lane who are focused on facilitating business growth or smoothing out cash flow challenges. In the past, private credit options (drawing equity from a house loan or credit cards in addition to personal loans and loans) were the only alternative financing services in Ellis Lane that were around.
There’s an end to the need for you to rely on real estate to secure business loans. With an unsecured loan, business financing is now easy. Instead of a traditional term loan from a bank, business finance for an SME with interest rates and loan terms that can help with cash flow are available as business loans.
There are numerous benefits by separating personal and company debt.
Reduce your risk, make the tax process easier, get started with an unsecured busines loan. Apply today.
One of the main benefits of keeping your individual and company assets apart can be that your home isn’t necessarily tied up for access to the money. If you’re looking for a small business loan in Ellis Lane up to $100K, asset security will not be required as long as the borrower is able to meet their loan obligations.
Businesses will be in a favourable long-term position if they have a good credit or debt capacity to pay.
It is important to separate personal from company finances makes it more seamless with regards to tax time - particularly when determining what is the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has set out the requirements for evidence to claim deductions on an individual’s tax return. This is an area that the IRD has advised specifically on.
A well-organised cash flow management system is essential to the long-term survival for any company. By keeping the personal financial and company finances distinct, companies can easily view how they are performing, monitor and plan on the ability to effectively assess their cash flow position.
Ellis Lane unsecured loans offers the range of $5,000 to $100,000. Terms range from 3 and 24 months and cash flow friendly repayments that are either per day or weekly.
The application to this Small Business Loan in under 10 minutes via the internet or by phone. You will receive a same day response and funds may be in your account in 24 hours. Traditional business loans are based on an annual rate of interest along with other charges and fees. Our business loan is a cash-based loan therefore you’ll know in advance the amount you will have to pay, including any interest, fees or charges. This is then broken down into a daily or weekly repayment figure.
The Small Business Loan can be used for virtually any company use, including managing cash flows, company remodels and marketing, to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger loan size to support company growth opportunities. Loans range from $100,000 to $500,000 for a fixed period of up to 36 months. Repayments are weekly or fortnightly in order to accommodate you cashflow.
This Larger Business Loan has an Origination Fee, calculated at 2.5 percentage of the loan amount.
To be eligible for a loan of this size the business needs to have been operating for a minimum of 3 years, and have an annual income of $700,000. You must 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 to demonstrate at the least 12 months of operating.
A large business loan is a great option for almost all business need, including business renovations, purchase of inventory or new equipment or as general working capital and so much more. The loan is not available for personal purposes.
Asset security is required to obtain funding above $150,000. This is in the form of a charge against assets, and could include registering this with the PPSR or filing as a caveat.
A director’s or personal ensure is a promise to repay credit that is generally based rather than specifying security over an asset. The person who signs the ensure is personally accountable 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 which are registered with respect to personal property (including items or assets). The PPSR grants priority over personal property to be granted in accordance with the date on which a security interest that is registered.
A caveat is a legal form of document to provide an official notice of a claim to a property.
When you’re applying for larger company loans of $250K or more it’s possible to offer an initial pre-approval that will help ease the process. We might be able to do this without credit checks and within 6 hours of the initial application. This pre-approval is made based on an initial assessment, which involves you answering some financial health checks. It’s not an offer of credit or guarantee of funds. A conditional approval is subject a full credit assessment and any offer you may receive may be on different terms.
You are eligible to apply for a business loan if you;
The process for applying is fast and easy. Simply complete the online form in few minutes and an experienced business expert in lending will call you to assist you.
To apply for up to $100,000 you’ll need ID details (valid Driver’s License), a valid NZBN/IRD and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll also need:
$100K to $250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K – $500K: Information on the application including credit consent and 12 month bank accounts, the IRD statements Last 2 years’ finalised financial statements, plus interim financials from the current financial year including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K or more) we can often offer an answer within an hour, provided you apply within standard business timings and permit us to use the advanced bank verification system to instantly verify your bank’s information online. If you opt to upload copies of your bank statements , we will be able to provide the decision in just the span of one company day.
For Larger Business Loans ($100K or more) we might be in a position to provide you with a conditional pre-approval in about 6 hours. Once you have signed the pre-approval document, you will require to wait about 2-3 days for final approval, however this may be quicker depending upon the circumstances for each application. Certain deals have been approved within 24 hours.
The quickest method for you to apply is ensure you apply during standard business hours and permit us to use the advance bank verification link to check your bank’s information online. If you send us the copies of bank statements it can take a bit longer.
For the Small Business Loan ($5K to $100K) we can often provide a response in one hour – provided you submit your request within standard business time and allow us to use the bank verification system link to instantly verify your bank information online. If you choose to upload copies of your banking statement, we’ll provide an answer in just one business day.
If you are applying for Larger Business Loans ($100K and up) we may be in a position to provide you with conditional pre-approval within 6 hours. Once you’ve signed your pre-approval form, it will take about 2-3 days for final approval, however it could be faster based on the particular circumstances of each application. Some deals have been approved in the space of 24 hours.
The quickest method for you to apply is ensure you apply during standard business hours and allow us to use our modern bank verification to verify your bank account information online. If you upload the copies of bank accounts, it can take a bit longer.
We provide the loan amount between $5,000 to $500,000. When you submit an application for a specific amount we look at a variety of elements for determining your health of the business and the level of repayments your company is able to afford. The total amount of the loan will be determined by the particular circumstances that are unique to your business.
When you submit an application for a specific amount we take into consideration a variety of elements to assess the health that is your business and the level of payments your business is able to afford. The amount you receive from the loan will be determined by the specific circumstances that are unique to your business.
When you make an application for the company financing, we will assess the risk assessment for your company and offer an individualised offer including the amount of loan, the term and the interest rates. This business loan is a loan that is priced upfront therefore you will be aware of the total amount you will have to pay, including charges or interest.
The interest rates on business loans rates depend on several factors including the amount borrowed, what business assets the money are used to purchase as well as the field the business is operating in, how long the company is in operation as well as in the event that the business has enough cash flow to fund the loan, as well as the overall well-being and creditworthiness of the business.
There aren’t any hidden costs with our company loans. You’ll know exactly how much you’ll need to pay, and at what time, from the very first day. There’s no compounding interest and the loan comes with no additional fees (as long as you make your payments in time).
We don’t charge an Application Fee. You can apply for a loan with no upfront cost or obligation to proceed.
The Origination Fee covers the expenses involved with the setting up and management of the loan. The only way to pay this cost if you take out the loan. The Origination Fee for us is 2.5% of the amount of loan.
You can choose to repay the total amount of your loan in full at any time.
If you choose to do this please contact our helpful business lending professionals. The specialists will offer you with the details of your repayment and an early payout figure. This will be calculated as the total of the remaining principal amount and the accrued interest up to the date of early payout and 1.5 percent of the principal remaining and any fees that remain unpaid.
In order to help you avoid missing payments and to work with your cash flow general, we offer repayments either weekly or daily. They will be automatically deducted from the nominated company account.
Protecting your information, and being upfront about how we collect information, use it, and exchange it, as well as ensure the security of your information is of huge importance and a vital part of our relationship with you.
Yes. We utilise industry-recognised encryption standards to protect your sensitive, personal and financial data and our funders are ISO 27001 qualified for our dedication to protecting the security of clients and security. We employ a highly sophisticated bank verification system link to instantly verify the bank account details online, allowing us to provide rapid response.
Asset-based borrowing is when the business owner borrows from an asset that they own to get the loan. The asset may be a personal asset like the family home or a company asset like a truck as well as a piece of machine.
The vast majority of lenders, including the big banks, tend to make loans secured by assets. If you’re struggling to pay back the loan, your asset may be offered for sale by the lender. In essence it is the process of securing new funding using the value of what you already have.
For loans of up to $150K, it is not necessary to secure assets upfront to access the money however, we do require an individual guarantee. If you adhere to your loan obligations (as detailed in your loan contract document) Asset security will never be needed. If you take out loans in excess of $150,000 generally, there is a personal guarantee and security is provided in the form of charges on assets.
While we aren’t able to help with an unsecured business loan for the above industries, we might be able assist by providing a secured business loan.
