A Grays Point unsecured business loan is simple and quick to obtain. Approve your loan in a matter of minutes and use the money to grow your company.
What you can expect:
The conditions for eligibility for an unsecured business loan to be made in Grays Point are fairly minimal.
Call Now 1300 020 945Making an application for a business loan in Grays Point with us is easy and takes just about a couple of minutes, there are no mountains of paperwork or queues.
Approved and receive funds in 1 to 2 company days.
Our focus is to assist Grays Point companies of all sorts small, medium even soloprenuers to get access to funds quickly so that they can take advantage of loans to build and expand their business.
The requirements for getting an unsecured business loan in Grays Point of between $5K and $100K are pretty minimal.
Do you need more money? Take a look at the conditions of eligibility for our $100K to $500K business loan.
The criteria for eligibility to be eligible for larger Grays Point company loans of between $100K to $500K comprise:
Do you need a smaller amount of funding? Look over the eligibility requirements for our $5K-$100K Grays Point unsecured company loans.
A Grays Point unsecured loan is great to use for any business reason. Talk to us today.
Do you want to start working on one of these idea as quickly as tomorrow? So, contact us now or apply online to apply the fastest, most convenient way.
All that’s required to start is your contact information (the name of your company and your name, as well as email and phone) as well as the amount you’d like to borrow and your monthly income.
Through the process and before settlement we’ll require confirmation of your identity, but not before we can begin:
After we start, for loans that exceed $150,000, you will also need basic financial statements:
Let’s get started now.
With banks and traditional lenders tightening their credit terms, the steady stream of non-bank and alternative loan providers entering the market provides the perfect source for you to make use of.
Grays Point SME’s are now capable of accessing finance through alternate lenders servicing Grays Point who are focused on enabling business expansion or smoothing out cash flow challenges. The past was when individual credit providers (drawing equity from a home loan or credit cards and personal loans as well as overdrafts) could be the best alternative funding solutions within Grays Point that were around.
There is now an end to the need of having to depend on real estate to secure company loan. With an unsecured loan business financing is easy. Instead of a loan for a term with a bank, 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 numerous benefits by separating personal and company debt.
Lower your risks, make tax time simpler, start with an unsecure business loan. Get it today.
One big drawcard for keeping your individual and business assets separate will be the fact that your house isn’t tied to allow access to the funds. For a small business loan within Grays Point up to $100K asset security won’t be required as long as the borrower fulfills their loan obligations.
Businesses are in a more favourable long-term financial position if they have a good credit or debt serviceability.
Separating personal and company finances makes it much more seamless in the event of tax time - particularly when determining what is the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has outlined the rules on the evidence required to claim deductions on an individual’s tax return. This is an area where the IRD has specifically advised on.
Effective management of cash flows is vital to the long-term viability in any company. Through keeping the personal financial and company finances separate, companies can easily view how they are performing, monitor and plan on the ability to clearly evaluate their cash flow situation.
Grays Point 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.
You can apply to get the Small Business Loan in under 10 minutes over the phone, receive an answer within the same day and the money could be on your account within 24 hours. Traditional business loans are based on an interest rate per annum along with other charges and fees. Our business loan is a loan that is priced upfront so you will be aware in advance of the total amount due, which includes any fees, interest or charges. This is then broken down into a daily or weekly payment amount.
A Small Business Loan can be used for nearly every company need, such as managing cash flows, company renovations, marketing, to purchase inventory or new equipment, as general working capital, and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size loan to aid in company growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term that can last up to 36 months. Repayments are scheduled weekly or fortnightly depending on the flow of cash.
This Larger Business Loan has an Origination Fee, calculated at 2.5% of the amount of the loan.
In order to be eligible for a loan in this amount, your company needs to be trading for at least 3 years with an annual turnover of at least $700K. Your company must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able to prove at least 12 months of trading.
A Business Loan of a larger size can be used for nearly every company use, 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 needed to access funding over $150,000. It is usually by taking a charge on assets and can include the registration of this in the PPSR or filing as a caveat.
A personal or director’s guarantee is a commitment to pay back a loan that is general in nature, rather than specifying the security for a particular asset. The person signing the ensure is personally liable if the business the borrower fails to repay 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 items or assets). The PPSR permits preference over private property assigned according to the date the security interest was registered.
A caveat is a legal document that is filed to offer notice of a legal claim on a property.
If you’re applying for the Larger Business Loan that exceeds $250K we may be able to provide an initial pre-approval to smooth out the process. We may be able to apply for this without a credit check and within 6 hours of your initial application. The pre-approval process is based on an initial evaluation that involves you answering a few financial health checks. It is not an offer of credit or guarantee of funds. A conditional approval is subject a full credit assessment and any offer you might receive could be based on different terms.
You may be eligible for an company loan if you;
The application process is fast and easy. Simply complete the online form in just a few minutes, and a dedicated company credit specialist will be in touch to help you.
To apply for up $100,000, you’ll need identification details (valid Driver’s License) and an active NZBN/IRD, and at least 6 months of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K-$250K: Details of application, including credit consent, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K – $500K: Details for application including credit consent, 12 month bank accounts, the IRD statement as well as the two most recent years’ financial statements, as well as interim financials for the current financial year as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K up to $100,000) we can often provide an answer within an hour – as long as you submit your request within quality business times and permit us to utilise the bank verification system link to immediately verify your bank account information online. If you want to send us copies of your bank statement, we’ll offer the decision within 1 business day.
For the Larger Business Loan ($100K or more) we may be capable of offer you with conditional pre-approval within about six hours. Once you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval, however this could be shorter based upon the circumstances for each application. Certain agreements have been approved within 24 hours.
The quickest method would be to make sure you apply during standard business hours. You can also allow us to use the advance bank verification to instantly verify your bank information online. If you opt to send us copies of your bank accounts, it can take a bit longer.
For the Small Business Loan ($5K and up) we can often offer a response in one hour, provided you make your application in standard business times and permit us to make use of the advanced bank verification system to immediately verify your bank account information online. If you decide to upload copies of your banking statements we can provide the decision in just 1 business day.
For the Larger Business Loans ($100K and up) We may be capable of provide you with a conditional pre-approval 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 particular circumstances of each application. Certain transactions have received approval within 24 hours.
The fastest way for you to apply is make sure you apply during normal business hours. Also, allow us to use the advanced bank verification system link to instantly verify your bank account information online. If you choose to upload duplicates of your banking statements, it will take a little longer.
We provide loans that range from $5,000 to $500,000. When you make an application for a certain amount, we will consider a number of aspects in order to assess the health of the company and the amount of repayments your company can afford. The total amount of the loan will be determined by the particular circumstances the business.
When you make an application for a certain amount, we consider a variety of factors to determine how much we can lend you such as health of your company and the amount of repayments that your company will be able to support. The amount you receive from your loan will depend on the specifics that are unique to your business.
If you decide to apply for business loans with us company financing, we’ll assess the risk assessment of your business and provide you with a tailored offer that includes the loan amount, the terms and the interest rates. This company loan is an upfront priced loan and you’ll be aware in advance of the total amount to be paid, including any interest rates, fees or charges.
The interest rates on company loans rates depend on several factors including the amount borrowed, the business assets the funds will be used for, the industry the business is operating in, how long the business has been running, what percentage of the business has enough cash flow to cover the loan, and overall health or creditworthiness of the business.
There aren’t any hidden charges for our business loans, and you’ll know precisely how much you’ll need to pay, and when, from the very first day. There’s no compounding interest, and no extra fees (as long as you make your payments on time).
We don’t charge an application fee. You are able to request a credit loan with no upfront cost or obligation to proceed.
The Origination Fee is the cost associated in establishing and managing the loan. You are only charged this cost if you take out the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.
You can decide to repay the entire amount of your loan early at any time.
If you are deciding to do this please contact our helpful company credit professionals. They will offer you with the details of your repayment and an early payment figure. This will be calculated as the total of the remaining principal amount and accrued interest to the time of early payout and 1.5 percent of the principal amount remaining and any outstanding fees.
To make sure that you don’t miss payments and to work your cash flow schedule, we provide payments that are either weekly or daily. These are automatically withdrawn from your company account.
Making sure that your information is secure, and being transparent about how we collect, use, exchange and safeguard your data, is vital and a vital part of our relationship you.
Yes. We make use of industry-standard encryption standards to protect your personal, sensitive financial information and our funders are ISO 27001 qualified for our commitment to the security of our customers as well as their security. We utilise a sophisticated bank verification system link to instantly verify your bank account information online, allowing us to offer rapid response.
An asset-based loan is when an business owner utilises assets they own to obtain the loan. The asset can be an asset belonging to the personal, like the family home or a company asset such as a vehicle or other piece of machinery.
The vast majority of the lenders including the big banks, tend to secure loans against assets. If you have trouble paying back the loan, the asset might be taken over by the lender. In essence it’s the process of securing new financing using the worth of the asset you already own.
For loans up to $150,000 no asset security is required upfront to access the money but we do need the personal guarantee. If you adhere to your loan commitments (as detailed in the loan contract) and you are able to meet your obligations, asset security will never be required. If you take out loans in excess of $150,000 typically, you will need a personal ensure and security in the form charges on assets.
Although we can’t help with an unsecured business loan in these industries, we may be able to assist by providing an secured business loan.
