The requirements for obtaining an unsecured business loan in Sydney of between $5K and $100K is fairly low.
Looking for more funding? Take a look at the conditions of eligibility for our $100K-$500K company financing.
All that’s needed for starting is your contact details (the name of your company, your name, email and phone) as well as the amount you want to borrow, as well as your monthly income.
In the course of the process and before settlement we will require confirmation of your identity, but not for starting:
Once we’ve started in the process, for loans of more than $150,000 you will also need fundamental financial statements:
Let’s get started.
Sydney unsecured loans offers amounts of 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.
You can apply to the Small Business Loan in under 10 minutes on the phone. You’ll receive an instant response and the money could be in your account within 24 hours. Traditional business loans refer to an annual interest rate along with other charges and fees. Our company loan is a loan that is priced upfront so you will be aware in advance of the total amount payable including any fees, charges or charges. Then, it is broken down into either a daily or weekly amount to be paid back.
A Small Business Loan can be used to fulfill almost any business need, such as the management of cash flow, company renovations, marketing for purchasing inventory or new equipment, as general working capital and much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans range from $100,000 to $500,000 over a fixed term for up to 36 months. Repayments are either weekly or fortnightly, depending on your cash flow.
This Larger Business Loan has an Origination Fee that is determined at 2.5 percentage of the amount of the loan.
To be eligible for a loan of this size the company needs to have been operating for a minimum of 3 years with an annual turnover of at least $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A Larger Business Loan can be used for nearly any business need, including company improvements, purchasing equipment or inventory for general working capital, and much more. The loan is not available to fund personal expenses.
Asset security is required for accessing funds over $150,000. This is in the form of a charge on assets and can include registering this through the PPSR or registering as a caveat.
A personal or director’s guarantee is a commitment to pay back a loan that is general in nature, rather than stating security over a particular asset. The person who signs the ensure is personally responsible if the business the borrower fails to make the repayment.
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 objects or assets). The PPSR permits the priority of personal property assigned in accordance with the date on which a security interest has been registered.
The caveat can be described as a formal document that is filed to provide notice of a legal claim to property.
When you’re applying for a Larger Business Loan of $250,000 or more, we may offer a preliminary pre-approval to help ease the process. We may be able to get this done without a credit check, and within 6 hours of your initial application. This pre-approval is based on an initial evaluation that involves answering a couple of financial well-being questions. It’s not an offer of credit or guarantee of credit. A conditional approval is subject an extensive credit evaluation and any offer that you may receive may be based on different terms.
You may apply for a company loan if you:
The application process is quick and simple. Complete the online form in few minutes and a dedicated business credit specialist will be in touch to guide you.
For a loan of up to $100,000 you’ll require ID details (valid Driver’s License) as well as an NZBN/IRD that is valid and at least six months worth of bank statements.
For larger loan sizes, you’ll also require:
$100K to $250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K – $500K: Application details including credit consent twelve months of bank statements, IRD statements, last 2 years finalised financial statements, in addition to interim financials from the current financial year such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K up to $100,000) we typically provide an answer within an hour – as long as you make your application during standard business times and allow us to make use of the advanced bank verification system link to instantly verify your bank details online. If you decide to upload copies of your banking statement, we’ll provide an answer within just the span of one business day.
If you are applying for a Larger Business Loan ($100K to $500K) we could be in a position to provide you with pre-approval conditional to your application in around 6 hours. After you’ve signed your pre-approval, turnaround times are approximately 2-3 days to receive final approval, however this could be shorter based upon the circumstances for each application. Some offers have been approved in the space of 24 hours.
The fastest way for you to apply is ensure you apply during standard company hours. Also, permit us to use the modern bank verification to verify your bank account information online. If you opt to upload copies of your bank accounts, it takes a bit longer.
For the Small Business Loan ($5K and up) we can often provide an answer in just one hour – provided you apply during standard business hours and let us utilise the advanced bank verification system to immediately verify your bank account information online. If you decide to upload copies of your banking statement, we’ll offer an answer in just 1 business day.
If you are applying for Larger Business Loans ($100K and up) we could be capable of provide you with conditional pre-approval in around six hours. Once you’ve signed your pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this may be quicker depending on the circumstances of each application. Certain agreements have been approved within just 24 hours.
The fastest way would be to ensure you apply during standard business hours. Also, allow us to use our advanced bank verification system link to verify your bank account information online. If you choose to upload documents from your account accounts, it will take a little longer.
We offer loans that range from $5,000 and $500,000. When you submit an application for a certain amount we take into consideration a range of factors in order to assess the health that is your business as well as the amount of repayments your company is able to afford. The total amount of the loan will be determined by the specifics of your company.
When you apply for a particular amount, we consider a variety of factors to assess how much we can lend you such as health that is your company and the extent of the repayments your business can support. The amount you receive from your loan will depend on the particulars the company.
When you make an application for our business financing, we’ll assess the risk profile for your business and offer you with a tailored offer including the loan amount, the terms and the interest rates. A company loan is an upfront priced loan so you will be aware of the total amount payable including any charges or interest.
Interest rates for company loans rates differ based on various factors such as the amount that is borrowed, what company assets the funds are used to purchase as well as the field the business is in, how long the company is in operation, whether the business has enough cash flow to cover the loan, and also the general health or financial standing of the company.
There are no hidden fees for our business loans, and you’ll know precisely what you need to pay, and when, from the day you sign up. There’s no compounding interest and no extra fees (as long as you are able to make your payments in time).
We don’t charge an Application Fee. You are able to get a cash loan with with no upfront cost or obligation to proceed.
The Origination Fee covers the expenses involved with establishing and managing the loan. You are only charged this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You can repay the entire amount of the loan at any point in time.
If you decide to pursue this option, please contact our helpful business credit experts. They’ll provide you with details for repayment along with an early payout estimate. It will be calculated using the total of the remaining principal amount and accrued interest to the time of early payout, plus 1.5% of the principal amount remaining and any outstanding fees.
To make sure that you don’t miss payments and to work with your cash flow general, we offer repayments that are either weekly or daily. They will be automatically deducted from your company account.
Protecting your information, and knowing how we collect, use, exchange and secure your information, is vital and an integral part of our relationship with you.
Yes. We utilise industry-recognised encryption protocols to safeguard your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our commitment to the security of our customers as well as their privacy. We utilise a sophisticated bank verification system to instantly verify your bank account information online to offer quick responses.
Asset-based borrowing occurs when the company owner uses an asset they own to get the funds for a loan. The asset may be an individual property, such as the family home, or it could be a company asset such as a vehicle or piece of equipment.
The majority of banks, including the big banks, tend to guarantee loans against an asset. If you’re struggling to pay back the loan, then the asset could be transferred to the lender. In essence it is a way of securing new financing making use of the value of what you already have.
For loans of up to $150K, no asset security is required prior to the loan’s access but we do need the personal guarantee. As long as you follow the loan terms (as specified in your loan contract document) the security of assets will never be required. If you take out loans in excess of $150,000 generally there is personal guarantee and security is provided in the form of charges on assets.
