A Voyager Point unsecured business loan is easy and quick in applying for. Approve your loan in a matter of minutes and begin using the money in your business.
What to expect:
The criteria for eligibility for an unsecured business loan for a company loan Voyager Point are fairly minimal.
Call Now 1300 020 945Applying for the company loans in Voyager Point with us is easy and takes just a few minutes, no lengthy forms or lines.
Get approved and receive your funds in 1-2 company days.
We aim to help Voyager Point businesses of all kinds, including medium, small and even entrepreneurs to obtain quick funding so that they can utilise the loan to expand and grow.
The criteria for eligibility for an unsecured business loan in Voyager Point of between $5K and $100K are pretty minimal.
Do you need more money? Take a look at the guidelines for eligibility for our $100K-$500K business loan.
The eligibility requirements of loans from larger Voyager Point company loans of between $100K and $500K are:
You are looking for a lesser amount of money? Find out the eligibility requirements for our $5K-$100K Voyager Point unsecured company loans.
A Voyager Point unsecured loan is ideal for virtually any business need. Talk to us today.
Do you want to begin one of these projects as soon as tomorrow? Then get in touch with us or apply online now to apply the fastest, most convenient way.
All that’s required for starting is your contact information (company name, your name, email, phone) and the amount you’d like to borrow, and your monthly revenue.
In the course of the process and before settlement we’ll require confirmation of your identity, but not before we can begin:
Additionally after we get started with loans over $150,000 you’ll also need the following financial statements:
Let’s get started.
With banks and traditional lenders increasing their credit requirements, the steady stream of alternative and non-bank loan providers entering the market offers an excellent source to tap into.
Voyager Point SME’s are now capable of accessing finance through alternate lenders servicing Voyager Point who are focused on facilitating business expansion or smoothing problems with cash flow. The past was when private credit options (drawing equity from the home loan, or using credit cards in addition to personal loans and the overdraft) was the sole alternative funding services within Voyager Point that were around.
There is now not a need of having to rely on the real estate market to secure company loan. With an unsecured loan, business financing is easy. Instead of a loan for a term with the bank, business finance for a small business 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 business debt.
Limit your exposure, make the tax process more simple, apply for an unsecure business loan. Get it today.
One of the main benefits of keeping your personal and business assets apart will be the fact that your home isn’t required to be tied to access the funds. In the case of a business loan in Voyager Point up to $100K asset security won’t be needed as long as the borrower is able to meet the loan requirements.
Businesses are in a more stable long-term position when they can show good credit and debt serviceability.
It is crucial to separate personal from company financial accounts makes it more straightforward with regards to tax time, especially when it comes to determining the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has set out rules on the evidence required to be able to claim deductions on the tax return of a company. This is an area where the IRD have specifically advised on.
Effective cash flow management is crucial to the long-term success that of any business. Through maintaining personal as well as company finance separate, companies can easily view how they are performing, monitor and plan on their ability to easily assess their cash flow position.
Voyager Point unsecured loans provides amounts between $5,000 and $100,000 with terms between 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.
The application to your Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an answer within the same day and the funds could be available in just 24 hours. Traditional business loans have an annual interest rate together with additional fees and charges. Our business loan is an upfront priced loan therefore you’ll be aware of the total amount to be paid, including any fees, charges or charges. Then, it is divided into a daily or weekly amount to be paid back.
A Small Business Loan can be used to fulfill almost every business use, including the management of cash flow, business renovations, marketing for purchasing inventory or new equipment, for general working capital and so much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger size loan to aid in company expansion opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of up to 36 months. Repayments are weekly or fortnightly in order to accommodate the flow of cash.
It is important to note that the Larger Business Loan has an Origination Fee, which is determined at 2.5% of the amount of the loan.
To qualify for a loan of this size the business needs to be in operation for at least 3 years with an annual turnover of $700K. You must be a New Zealand Citizen (or Permanent Resident) over 18 years 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 large company loan is a great option for almost all company purpose including business renovations, to purchase inventory or new equipment, 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 by way of charge against assets, which could also be registered on the PPSR or filing as a caveat.
A personal or director’s guarantee is a commitment to pay off a credit line that is generally based rather than stipulating security over a particular asset. The person who signs the guarantee is personally liable if the company lender is not able to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It contains security interests which are registered with respect to personal property (including items or assets). The PPSR permits preference over private property assigned according to the date a security interest that is registered.
The caveat can be described as a formal form of document to offer the legal claim against a property.
When you’re applying for a Larger Business Loan that is greater than $250K it is possible to offer an initial pre-approval that will help ease the process. We might be able to get this done without a credit check and within 6 hours of the initial application. This pre-approval is based on a preliminary assessment which includes you answering a few financial well-being questions. It’s not an offer or guarantee of finance. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you might receive could have different terms.
You can apply for an business loan if you
The application process is quick and simple. Just complete the online application in few minutes and an experienced company lending specialist will contact you to help you.
To apply for up $100,000, you’ll need proof of identity (valid Driver’s License), an NZBN/IRD that is valid and at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K-$250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Information on the application including credit consent twelve months of bank records, 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 summary.
For an unsecured loan ($5K and up) we usually offer an answer in just one hour if you make your application during quality business times and you allow us to use the advanced bank verification system to instantly verify your bank’s information online. If you choose to upload copies of your bank statements we can offer the decision within just one company day.
For the Larger Business Loan ($100K up to $500,000) we may be likely to offer the conditional pre-approval in around 6 hours. After you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however it could be faster based on the specifics of each application. Some offers have been approved in just 24 hours.
The most efficient method is to ensure you apply during standard company hours, and allow us to use the advanced bank verification system to instantly verify your bank account information online. If you decide to send us copies of your bank statements it may take a bit longer.
For the Small Business Loan ($5K and up) we typically provide an answer within an hour – as long as you submit your request at normal business hours and permit us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you decide to submit copies of your bank statements, we will be able to provide an answer in just the span of one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we might be likely to provide you with conditional pre-approval in around six hours. Once you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval, however this could be shorter based upon the circumstances for each application. Certain deals have been approved in just 24 hours.
The fastest way is to ensure you apply during normal business hours, and allow us to use the advance bank verification to instantly verify your bank account information online. If you opt to upload copies of your bank statements, it can take a bit longer.
We provide loan amounts between $5,000 and $500,000. When you submit an application for a particular amount, we take into consideration a range of aspects to determine your well-being of the company as well as the amount of payments your business can afford. The total amount of the loan will be determined by the particular circumstances that are unique to your company.
If you apply for a set amount, we take into consideration a variety of elements to determine your well-being of your company as well as the amount of repayments that your company is able to afford. The total amount of the loan will be determined by the specific circumstances of your company.
If you decide to make an application for the business loan, we’ll assess the risk assessment of your business and offer you with a customised proposal that includes loan amount, term and the interest rates. A company loan is a loan that is priced upfront and you’ll be aware in advance of the total amount due, which includes any charges, interest rates or fees.
Interest rates for business loans rates depend on a variety of factors including the amount of money borrowed, the company assets the funds will be used for as well as the field the company is operating in, how long the business is in operation, whether the company has enough cash flow to support the loan, and the general health or financial standing of the company.
There are no hidden fees for our business loans. You’ll know exactly how much you’ll need to pay, and when, right from day one. There’s not any compounding interest and there are no additional charges (as as long as you pay your payments in time).
We don’t charge an application fee. You can request a credit loan no cost upfront or obligation to proceed.
The Origination Fee includes the expenses associated with establishing and managing the loan. You are only charged this fee if you proceed with the loan. The Origination Fee for us is 2.5% of the amount of the loan.
You can repay the total amount of your loan in full at any time.
If you choose to take this route, please talk to one of our helpful business credit experts. The professionals will offer you with repayment details along with an early payout estimate. 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 remaining principal and any outstanding fees.
To make sure that you don’t miss repayments and to fit in with your cash flow general, we offer repayments that are either daily or weekly. These are automatically deducted from your designated business account.
The security of your personal information, as well as being clear about how we collect information, use it, and exchange it, as well as secure your information, is vital and an integral element of our relationship with you.
Yes. We make use of industry-standard encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our commitment to security for our customers and privacy. We make use of an advanced bank verification system that allows you to immediately verify your bank account information online so we can provide quick responses.
Asset-based borrowing is when an business owner makes use of an asset they own to make the funding. The asset can be an asset belonging to the personal, like the family home, or it could be a company asset such as a vehicle or other piece of machinery.
The majority of lending institutions, including the largest banks, are inclined to guarantee loans against assets. If you have trouble paying back the loan then your assets could be taken over by the lender. In essence it is means of securing new financing using the value of what you already have.
For loans that exceed $150,000, there is no requirement for asset security in advance to gain access to the funds, however we do need a personal guarantee. In the event that you fulfill the loan terms (as stipulated in the loan contract) and you are able to meet your obligations, asset security is not needed. For loans that exceed $150K, generally there is a personal guarantee and security in the form of charges on assets.
Although we can’t help with an unsecure business loan in these types of industries, we may be able to help you by providing an secured business loan.
