A Greystanes unsecured business loan is simple and quick in applying for. Approve your loan in a matter of minutes and begin using the money in your company.
What to expect:
The eligibility requirements for an unsecured business loan to be made in Greystanes are fairly minimal.
Call Now 1300 020 945Applying for business loans in Greystanes business loans for business in Greystanes with us is simple and only takes some minutes, without lengthy forms or lines.
Be approved and receive your funds in 1 – 2 business days.
Our purpose is to assist Greystanes companies of all types, whether small, medium or solopreneurs access money quickly, so that they can utilise the loan to expand and develop.
The criteria for eligibility for an unsecured business loan in Greystanes of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Take a look at the eligibility requirements for our $100K-$500K company loans.
The criteria for eligibility to be eligible for the larger Greystanes business loans of between $100K and $500K include:
Looking for a smaller amount of funds? Find out the conditions for eligibility for our $5K to $100K Greystanes unsecured business loans.
A Greystanes unsecured loan is ideal to use for every company reason. Call us now.
Want to get started on one of these as soon as tomorrow? Contact us today or send an application online to get the fastest and most efficient process.
All that is needed for starting is your contact information (company name, your name, email, phone) along with the amount you’d like to borrow and your monthly income.
During the process and before settlement we’ll need confirmation of your identity but not for starting:
Additionally after we get started when it comes to loans of more than $150,000 you’ll need the following financial statements:
Let’s get started.
In the wake of traditional lenders and banks tightening credit conditions and the constant stream of non-bank and alternative loan providers that are entering the market offers the perfect source to take advantage of.
Greystanes SME’s are now able to access finance through alternative lenders that service Greystanes who are focused on enabling company expansion or smoothing cash flow challenges. In the past, private credit options (drawing equity from a home loan or credit cards, personal loans and the overdraft) could be the best alternative funding solutions in Greystanes that were around.
There’s an end to the need of having to depend on the real estate market to secure business lending. With an unsecured loan business funding is made simple. Instead of a term loan through the bank, business finance for a small company with interest rates and loan terms that can help in cash flow are around as business credit options.
There are numerous benefits by separating personal and company debt.
Limit your exposure, make tax time much easier. Get started with an unsecure company loan. Make an application today.
One big drawcard for keeping your personal and company assets separate can be that your house isn’t tied to allow access to the funds. In the case of a business loan within Greystanes up to $100K an asset security agreement will not be needed as long as the borrower is able to meet the loan requirements.
Businesses will be in a stable long-term position when they are able to demonstrate credit/debt capacity to pay.
Separating personal and company finances makes it significantly more seamless in the event of tax time, particularly when identifying what is the tax deductible allocation. The IRD has outlined the guidelines on the proof required to be able to claim deductions on a company’s tax return. This is an area that the IRD has specifically advised on.
Effective cash flow management is essential to the long-term viability that of any business. By maintaining personal as well as business finances separate, businesses can easily view the situation, track and plan based on their ability to accurately evaluate their cash flow situation.
Greystanes unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow friendly repayments, which are either daily or weekly.
The application for your Small Business Loan in under 10 minutes over the phone. You’ll get an instant response and the funds could be in your account within 24 hours. Traditional business loans refer to an annual interest rate plus other fees and charges. The business loan is an upfront priced loan so you will be aware of the total amount to be paid, including any interest, fees or charges. Then, it is divided into weekly or daily amount to be paid back.
A Small Business Loan can be used for nearly every company use, including managing cash flows, company improvements, advertising to purchase inventory or new equipment, to fund general working capital and so much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger amount of loan to help company expansion opportunities. Loans are between $100,000 and $500,000 with a fixed-term for up to 36 months. The repayments are made weekly or fortnightly depending on the flow of cash.
It is crucial to note that the Larger Business Loan has an Origination Fee which is calculated at 2.5 percent of the amount of the loan.
To qualify for a loan in this amount, your company needs to be in operation for at least 3 years, and have an annual income of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A larger business loan can be used for almost every company reason, such as company improvements, purchasing equipment or inventory or as general working capital and much more. The loan cannot be used for personal use.
Asset security is needed for funding of more than $150,000. This is by taking a charge over assets, and may include registering this with the PPSR or registering as a caveat.
A personal or director’s guarantee is a promise to repay a loan which is generally in nature rather than stipulating the security for a particular asset. The person signing the ensure is personally liable if the business lender is not able to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including items or assets). The PPSR gives preference over private property granted according to the date the registration of a security interest.
Caveats are legal document lodged to provide the legal claim on a property.
If you’re applying for a Larger Business Loan of $250K or more we can offer an initial pre-approval in order to make the process. We may be able to get this done without a credit check, and within six hours of your initial application. This pre-approval is made based on a preliminary assessment which includes you answering some financial well-being questions. This is not an offer or guarantee of credit. A conditional approval is subject an extensive credit evaluation and any offer that you receive could be based on different terms.
You can apply for an company loan if you:
The application process is quick and simple. Complete the online form in few minutes and a dedicated company lending specialist will contact you to assist you.
For a loan of up to $100,000 you’ll need identification details (valid Driver’s Licence) and a valid NZBN/IRD as well as at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K – $250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Details for application including credit consent and 12 months of bank records, IRD statement and the last two years’ finalised financial statements, plus interim current financial year financials such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K and up) We can usually offer a response in one hour – as long as you apply at quality business time and you allow us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you opt to submit copies of your bank statements , we are able to provide a decision in just one business day.
If you are applying for a Larger Business Loan ($100K and up) we might be able to offer you with conditional pre-approval in about 6 hours. Once you’ve signed the pre-approval form, it will take around 2-3 days for final approval. However, this can be quicker based on the specifics of each application. Certain transactions have received approval within the space of 24 hours.
The quickest method can be make sure you apply during normal company hours, and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you choose to send us documents from your account statements it takes a bit longer.
For the Small Business Loan ($5K and up) we can often offer an answer in just one hour – as long as you submit your request at normal business time and you allow us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you opt to send us copies of your bank statements we can offer a decision in just the span of one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we may be in a position to provide the conditional pre-approval within about six hours. After you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this could be shorter based on the particular circumstances of each application. Some agreements have been approved within less than 24 hours.
The most effective method is to make sure you apply during standard business hours. Also, allow us to use the modern bank verification link to confirm your bank details online. If you choose to upload documents from your account statements it may take a bit longer.
We provide the loan amount between $5,000 and $500,000. If you apply for a certain amount, we consider a variety of aspects in order to assess your well-being of the company and the extent of repayments your company will be able to support. The total amount of the loan will be determined by the specific circumstances that are unique to your business.
When you apply for a particular amount, we consider a variety of elements to assess how much we can lend you such as well-being that is your business and the extent of repayments your business is able to afford. The amount you receive from your loan will depend on the particular circumstances for your business.
When you make an application for our business loan, we will assess the risk profile of your company and offer you with a tailored offer that includes loan amount, term and interest rates. A company loan is an upfront priced loan therefore you will know the exact amount payable including any interest rates, fees or charges.
Business loan interest rates depend on several variables like the amount to be of money borrowed, the business assets the funds are used to purchase in addition to the industry that the company operates in, the long the business has been in operation and what percentage of the business has enough cash flow to support the loan, as well as the overall well-being or creditworthiness of the business.
There are no hidden costs with our business loans, and you’ll know exactly how much it is that you be required to pay, and at what time, from the first day. There’s no compounding and the loan comes with no additional fees (as long as you make your payments punctually).
We do not charge an application fee. You can request a credit loan absolutely no upfront cost and no commitment to apply.
The Origination Fee covers the costs associated in establishing and managing the loan. The only way to pay this fee if you choose to proceed with the loan. Our Origination Fee is 2.5% of the loan amount.
You can choose to repay the entire amount of your loan early at any time.
If you decide to take this route, please talk to one of our helpful business credit experts. The professionals will provide you with details on repayment as well as an early payout amount. The figure will be calculated as the sum of the remaining principal amount and the accrued interest up to the time of the early payout in addition to 1.5 percent of the remaining principal and any outstanding fees.
To ensure that you don’t miss payment dates and to align with your cash flow cycle we provide repayments either daily or weekly. They are automatically deducted from the nominated company account.
Protecting your information, and knowing how we collect data, process, exchange and safeguard your data, is of huge importance and an integral aspect of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our commitment to protecting the security of customers and security. We utilise a sophisticated banking verification system to instantly verify the bank account details online. This allows us to offer a fast response.
Asset-based borrowing is when a business owner utilises an asset they own to obtain a loan. The asset may be an individual asset, such as the family home or it could be a company property like a truck or piece of equipment.
The vast majority of lending institutions, including the largest banks, are inclined to secure loans against assets. If you’re struggling to pay back the loan, your asset may be taken over by the lender. In essence it’s a way of securing new financing using the value of what you already have.
For loans of up to $150K, the requirement for asset security is not required before you are able to access the money, however we do need a personal guarantee. If you adhere to the loan terms (as specified in the loan contract) and you are able to meet your obligations, asset security will never be needed. For loans of over $150,000 generally there is an individual ensure and security that is in the form a charge over assets.
While we aren’t able to help with an unsecure business loan for the above industries, we might be able assist by providing an secured business loan.
