A Voyager Point unsecured business loan is quick and easy in applying for. Request a quick approval and use the money in your business.
What you can expect:
The conditions for eligibility for an unsecured business loan for a business loan Voyager Point are fairly minimal.
Call Now 1300 020 945The process of applying for an business credit in Voyager Point with us is simple and only takes some minutes, without lengthy forms or lines.
Get approved and receive your cash within 1 to 2 company days.
We are aiming to assist Voyager Point businesses of all kinds, from small to medium-sized soloprenuers to get access to quick funding so that they can utilise the loan to expand and develop.
The criteria for eligibility for an unsecured business loan in Voyager Point of between $5K to $100K are quite minimal.
Looking for more funding? Review the conditions of eligibility for our $100K to $500K business financing.
The criteria to be eligible for larger Voyager Point business loans of between $100K and $500K are:
Are you looking for a lower amount of funding? Find out the conditions for eligibility for our $5K-$100K Voyager Point unsecured company loans.
A Voyager Point unsecured loan is great to use for any business purpose. Contact us now.
Want to get started on one of these idea as quickly as tomorrow? So, contact us or send your application online to get the fastest and most efficient process.
All that is needed to start is your contact details (company name, your name, email and phone) along with the amount you’d like to borrow and your monthly revenue.
While in the process and before settlement we’ll require confirmation of who you are but not for starting:
Additionally after we get started in the process, for loans of more than $150,000 you’ll also require basic financial statements.
Let’s get started now.
With traditional lenders and banks restricting credit as well as the continuous stream of alternative and non-bank loan providers entering the market provides an excellent source for you to tap into.
Voyager Point SME’s are now in a position to obtain finance via alternative lenders who service Voyager Point who are focused on enabling company expansion or smoothing the cash flow problems. The past was when personal credit sources (drawing equity from the house loan, or using credit cards or personal loans, as well as overdrafts) could be the best alternative financing services within Voyager Point that were available.
There’s not a need in the present to depend on real estate to secure business lending. 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 help to manage cash flow are available as business loan options.
There are substantial benefits associated by separating personal and company debt.
Limit your exposure, make tax time easier, get started with an unsecure loan for business. Get it today.
The main benefit of keeping your individual and business assets separate can be that your home isn’t tied to allow access to the funds. For a small business loan in Voyager Point up to $100K the security of assets won’t be required as long as the borrower fulfills the loan requirements.
Businesses will be in a advantageous long-term situation if they can show good credit and debt capacity to pay.
The separation of personal as well as business financial accounts makes it more straightforward when it comes to tax time - particularly when determining the tax-deductible allocation. The IRD has set out guidelines on the proof required for claiming deductions on an individual’s tax return. This is an area where the IRD has specifically advised on.
A well-organised cash flow management system is key for the longevity that of any company. By keeping your personal finances and business finances distinct, companies can easily view their cash flow, plan and monitor it based on the ability to clearly assess their cash flow position.
Voyager Point unsecured loans provides the range of $5,000 to $100,000. Terms range from 3 and 24 months, cash flow friendly repayments that are either daily or weekly.
It is imaginable to apply for the Small Business Loan in under 10 minutes online or over the phone. You’ll get an immediate response, and have the funds available in just 24 hours. Traditional business loans have an annual interest rate along with other charges and fees. The business loan is an upfront priced loan so you will know ahead of time the amount you will have to pay, including the interest, fees and charges. Then, it is broken down into weekly or daily installment amount.
The Small Business Loan can be used to fulfill almost any business use, including cash flow management, business remodeling, marketing to purchase inventory, new equipment, or as general working capital and so much more. The loan cannot be used for personal reasons.
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 for up to 36 months. Repayments are either weekly or fortnightly depending on you cashflow.
The Larger Business Loan has an Origination Fee that is calculated at 2.5 percentage of the amount of the loan.
To be eligible for a credit that is this large, your business needs to be operating for a minimum of 3 years and have an annual turnover of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old as well as own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.
A Larger Business Loan can be used for almost every business purpose including business renovations, to purchase new equipment or inventory, as general working capital and much more. The loan cannot be used for personal use.
Asset security is necessary for funding of more than $150,000. It’s in the form of a charge against assets, and may include the registration of this through the PPSR or registering a caveat.
A director’s or personal guarantee is a commitment to pay back a loan that is general in nature, rather than defining security over an asset. The person signing the ensure is personally accountable if the company borrower is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including the assets or goods). The PPSR grants prioritisation over property that is personal to be granted depending on the date that a security interest that is registered.
A caveat is a legal document filed to provide an official notice of a claim against a property.
If you’re seeking the Larger Business Loan of more than $250,000 it’s possible to offer an initial pre-approval to make the process. We might be able to do this 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 health checks. It’s in no way an offer, nor is it a guarantee of finance. A conditional approval is subject a full credit assessment and any offer you may receive may be subject to different conditions.
You may apply for a company loan if you:
The application process is fast and easy. Just fill out the online application within a few minutes and an experienced business lending specialist will be in touch to assist you.
For a loan of up to $100,000 you’ll need proof of identity (valid Driver’s License) along with an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll need:
$100K – $250K: Details of application, including credit consent, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Details of the application, including credit consent twelve months of bank statements, IRD statements Last 2 years’ finalised financial statements, as well as interim financials for the current financial year such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K to $100K) we typically provide an answer in just one hour, provided you make your application at standard business time and permit us to utilise the bank verification system link to instantly verify your bank details online. If you want to upload copies of your banking statements , we will be able to offer an answer within one business day.
For the Larger Business Loan ($100K or more) we may be capable of provide the conditional pre-approval within 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 specifics of each application. Some agreements have been approved within the space of 24 hours.
The quickest method can be make sure you apply during normal company hours. You can also let us use the advance bank verification link to verify your bank information online. If you send us the copies of bank statements , it will take a little longer.
For the Small Business Loan ($5K and up) we typically provide an answer within one hour – as long as you make your application during standard business hours and let us utilise the advanced bank verification system to instantly verify your bank details online. If you decide to upload copies of your bank statement, we’ll offer an answer in just an business day.
For Larger Business Loans ($100K and up) we could be able to offer you with conditional pre-approval within six hours. Once you’ve signed your pre-approval form, it will take between 2 and 3 days for the final approval, however it could be faster based on the particular circumstances of each application. Some agreements have been approved within less than 24 hours.
The fastest method is to make sure you apply during normal business hours and let us use the advanced bank verification system to verify your bank information online. If you opt to upload documents from your account statements it can take a bit longer.
We offer loans that range from $5,000 and $500,000. When you submit an application for a certain amount we look at a variety of aspects that determine the well-being of your business and the extent of the repayments your company can support. The total amount of the loan will be determined by the particular circumstances of your company.
When you make an application for a set amount, we consider a variety of elements to determine your well-being for your business and the level of payments your company can support. The total amount of your loan will be determined by the particular circumstances the business.
If you decide to request one of our business loans, we will assess the risk profile for your company and provide you with a customised proposal that includes the loan amount, the terms and the interest rates. This company loan is an upfront cost loan which means you be aware of the total amount due, which includes any interest rates, fees or charges.
Interest rates for business loans rates vary due to factors such as the amount that is of money borrowed, the business assets the money will be used for as well as the field the company operates in, the long the business has been in operation, how long the company has sufficient cash flow to fund the loan, and also the overall health as well as creditworthiness company.
There aren’t any hidden costs with our business loans. You’ll know exactly how much you need to pay, and at what time, from the first day. There’s no compounding and no extra fees (as as long as you pay your payments on time).
We do not charge an Application Fee. You can make an application for loans without any upfront costs or commitment to apply.
The Origination Fee covers the costs associated with setting up and managing the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the loan amount.
You can choose to repay all of your loan early at any time.
If you decide to take this route, please talk to one of our helpful company lending professionals. They will provide you with details for repayment along with an early payout estimate. This will be calculated as the sum of the remaining principal amount and the accrued interest up to the date of early payout, plus 1.5 percent of the principal remaining as well as any outstanding fees.
To ensure that you don’t miss repayments and to fit in your cash flow cycle we offer repayments that are either daily or weekly. These are automatically withdrawn from your designated business account.
The security of your personal information, as well as knowing the ways we gather data, process, exchange and ensure the security of your information is crucial and is a crucial part of our relationship with you.
Yes. We utilise industry-recognised encryption standards to secure your personal, sensitive financial information and our funders are ISO 27001 certified for our dedication to protecting the security of clients and privacy. We make use of an advanced bank verification system that allows you to immediately verify your bank account details online to provide a fast response.
An asset-based loan is when the business owner borrows from the assets they have to make the funding. The asset can be either a personal asset like the family home or a business property like a truck or piece or equipment.
The majority of lending institutions, including the major banks, prefer to secure loans against assets. If you’re having trouble paying back the loan then the asset could be offered for sale by the lender. In essence it’s the process of securing new financing by using the worth of the asset you already own.
For loans up to $150K no asset security is required upfront to access the money but we require a personal guarantee. require the personal guarantee. In the event that you fulfill your loan obligations (as specified in your loan contract) and you are able to meet your obligations, asset security is not needed. For loans over $150K generally, there is a personal guarantee and security is provided in the form of the charge of assets.
Although we cannot assist with an unsecure business loan in those industries, we might be able to assist you with secured business loan.
