The requirements for obtaining an unsecured business loan in Sydney of between $5K and $100K are fairly minimal.
Looking for more funding? Find out the eligibility requirements for our $100K to $500K business loans.
All that’s required to start is your contact information (company name, your name, email or phone number) along with the amount you want to borrow, and your monthly revenue.
While in the process and before settlement we’ll require confirmation of who you are, but not to get started:
Additionally after we get started in the process, for loans over $150,000 you will also require basic financial statements.
Let’s get started.
Sydney unsecured loans offers the range of $5,000 to $100,000. The terms range between 3 and 24 month and cash flow friendly repayments which can be made daily or weekly.
Apply to get the Small Business Loan in under 10 minutes over the phone. You’ll get an instant response and funds may be on your account within 24 hours. Traditional company loans have an interest rate per annum plus other fees and charges. Our company loan is a cash-based loan therefore you’ll be aware in advance of the amount you will have to pay, including any interest, fees or charges. Then, it is broken down into a daily or weekly installment amount.
A Small Business Loan can be used for nearly every business use, including the management of cash flow, company remodels and marketing to purchase inventory or new equipment, as general working capital, and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger loan size to support company growth opportunities. Loans range between $100,000 and $500,000 for a fixed period of with a maximum of 36 months. Repayments are weekly or fortnightly, depending on you cashflow.
The Larger Business Loan has an Origination Fee, determined at 2.5 percent of the amount of the loan.
To qualify for a loan in this amount, your company needs to have been 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) over 18 years, own a New Zealand company (with a valid NZBN/IRD) and be able to prove at the least 12 months of operating.
A larger company loan can be used for almost all company reason, such as company renovations, to purchase equipment or inventory for general working capital, and much more. The loan is not available for personal purposes.
Asset security is necessary to obtain funding above $150,000. This is as a result of an charge over assets, and may include the registration of this with the PPSR or registering a caveat.
A personal or director’s ensure is a commitment to pay back a loan that is general in nature rather than stating security over an asset. The person who is signing the ensure is personally liable in the event that the business borrower is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It contains security interests registered in respect of personal property (including the assets or goods). The PPSR permits the priority of personal property assigned according to the date the security interest that is registered.
Caveats are legal form of document to provide the legal claim on a property.
If you’re seeking a Larger Business Loan of more than $250K we can offer an initial pre-approval to make the process. It is possible to make this decision without a credit verification and within six hours of your initial application. The pre-approval process is based on an initial assessment, which involves the answer to a series of financial well-being questions. It’s not an offer or guarantee of credit. Unconditional approval is subject to an assessment of your creditworthiness and any offer you may receive may be subject to different conditions.
You are eligible to apply for an company loan if you:
The application process is simple and easy. Complete the online form in just a few minutes, and an experienced company loan specialist will contact you to guide you.
For a loan of up to $100,000, you’ll require the right identification documents (valid Driver’s Licence) as well as an NZBN/IRD that is valid and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K-$250K: Application details 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 as well as 12 months of bank records, IRD statements and the last two years’ finalised financial statements, and interim financials from the current financial year such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K up to $100,000) We can usually offer a response in one hour – as long as you make your application during standard business times and permit us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you choose to submit copies of your bank statements we can offer the decision within just the span of one business day.
For the Larger Business Loan ($100K or more) we may be able to provide you with a conditional pre-approval in about six hours. Once you have signed the pre-approval, the turnaround time is about 2-3 days for final approval, however this could be shorter based on the circumstances of each application. Some deals have been approved within just 24 hours.
The quickest method for you to apply is make sure you apply during standard company hours, and permit us to use the advance bank verification link to instantly check your bank’s information online. If you decide to upload copies of your bank statements it takes a bit longer.
For the Small Business Loan ($5K or more) We can usually provide a response in one hour, provided you apply within normal business times and permit us to use the bank verification system to instantly verify your bank details online. If you want to upload copies of your bank statements we can offer an answer within 1 business day.
For Larger Business Loans ($100K up to $500,000) we may be capable of offer the conditional pre-approval within six hours. After you’ve signed the pre-approval document, you will require to wait around 2-3 days for final approval, however it could be faster based on the specifics of each application. Some transactions have received approval in less than 24 hours.
The most effective method for you to apply is ensure you apply during normal business hours and let us use the modern bank verification link to instantly verify your bank information online. If you send us copies of your bank accounts, it can take a bit longer.
We provide loans ranging from $5,000 to $500,000. When you make an application for a certain amount we look at a variety of factors to determine how much we can lend you well-being that is your company as well as the amount of the repayments your company will be able to support. The amount you receive from your loan will depend on the particular circumstances for your company.
When you submit an application for a specific amount we will consider a number of aspects to determine the health for your company and the extent of the repayments your business is able to afford. The amount you receive from your loan will depend on the particulars that are unique to your business.
If you decide to make an application for one of our company financing, we will assess the risk profile that you have for your business and offer an individualised offer that includes loan amount, term and interest rates. The business loan is an upfront-priced loan therefore you will be aware of the total amount you will have to pay, including charges or interest.
Interest rates for company loans rates depend on a variety of factors like the amount of money borrowed, the company assets the money will be used for and the sector the business operates in, how long the business has been in operation as well as how long the company has sufficient cash flow to support the loan, as well as the overall well-being or creditworthiness of the company.
There aren’t any hidden costs with our business loans. You’ll know precisely how much you’ll be required to pay, and when, from the very first day. There’s no compounding and no additional fees (as as long as you pay your payments on time).
We do not charge an Application Fee. You are able to get a cash loan no cost upfront or the obligation to take action.
The Origination Fee covers the expenses involved in establishing and managing the loan. It is only charged for this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5% of the loan amount.
You may choose to pay back the entire amount of the advance loan at any time.
If you decide to take this route, please contact our helpful business loans professionals. The experts will provide you with details on repayment and an early payout figure. The figure will be calculated as the sum of the principal balance and the accrued interest up to the time of early payment plus 1.5 percent of the principal amount remaining and any fees that remain unpaid.
In order to help you avoid missing payments and to work with your cash flow cycle we offer repayments that are either daily or weekly. These are automatically deducted from the nominated company account.
The security of your personal information, as well as being clear about how we collect data, process, exchange and ensure the security of your information is vital and is a crucial part of our relationship you.
Yes. We make use of industry-standard encryption standards to secure your personal, sensitive financial information and our funders are ISO 27001 qualified for our commitment to protecting the security of customers and security. We use an advanced bank verification system to immediately verify your bank account details online to provide quick responses.
The term "asset-based" refers to borrowing where the business owner utilises an asset that they own to obtain the funding. The asset can be either an individual property, such as the family home or it could be a company property like a truck or other piece of machinery.
The majority of lenders, even the big banks, tend to make loans secured by an asset. If you are having difficulty paying back the loan then your assets could be taken over by the lender. In essence, it is the process of securing new financing by using the value of what you already own.
For loans that exceed $150K, the requirement for asset security is not required in advance to gain access to the funds, however we do require a personal guarantee. If you adhere to your loan commitments (as stipulated in your loan contract document), asset security is not required. If you take out loans in excess of $150,000 generally there is the option of a personal ensure and security that is in the form a charge over assets.
