The criteria for eligibility for an unsecured business loan in Sydney of between $5K to $100K are quite minimal.
Are you looking for additional funding? Check out the eligibility requirements for our $100K to $500K company loans.
All that’s needed to get started is your contact details (the name of your company, your name, email and phone) and the amount you’d like to borrow as well as your monthly income.
In the course of the process and before settlement we will need confirmation of your identity but not to get started:
Once we’ve started in the process, for loans over $150,000 you’ll need the following financial statements:
Let’s get started.
Sydney unsecured loans provides amounts between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow-friendly repayments that are either daily or weekly.
Apply to get the Small Business Loan in under 10 minutes by phone. You will receive an immediate response, and the funds could be available in just 24 hours. Traditional business loans are based on an annual rate of interest together with additional fees and charges. We offer a business loan is a loan that is priced upfront and you’ll be aware in advance of the total amount payable including any fees, charges or charges. This is then broken down into weekly or daily payment amount.
A Small Business Loan can be used for virtually every company reason, such as control of cash flow business remodels and marketing, to purchase inventory or new equipment, to fund general working capital, and much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help business growth opportunities. Loans range between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are weekly or fortnightly in order to accommodate your situation.
The Larger Business Loan has an Origination Fee that is determined at 2.5 percent of the amount of the loan.
To be eligible for a credit of this size, your business needs to be operating for a minimum of 3 years with an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old or have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A Larger Business Loan can be used for nearly every company reason, such as business renovations, purchase of inventory or new equipment as well as for general working capital and much more. The loan is not available for personal purposes.
Asset security is necessary for accessing funds over $150,000. It is usually by way of charge over assets, and may include registration with the PPSR or the registration of as a caveat.
A personal or director’s guarantee is a guarantee to pay off a credit line that is generally in nature rather than stating the security for a particular asset. The person signing the ensure is personally liable if the company borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It contains security interests granted to individuals who own personal property (including objects or assets). The PPSR grants preference over private property granted depending on the date that a security interest was registered.
An affidavit is an official document lodged to offer the legal claim against a property.
When you’re applying for an enterprise loan of $250,000 or more we can offer a preliminary pre-approval to help simplify the process. We may be able to apply for this without credit checks and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering a few financial health questions. This is in no way an offer, nor is it a guarantee of financing. A conditional approval is subject a full credit assessment and any offer you are offered could be subject to different conditions.
You can apply for a company loan if you:
The application process is simple and simple. Just fill out the online application in just a few minutes, and an experienced business lending specialist will contact you to guide you through the process.
To apply for 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 six months of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K to $250K: Application requirements, including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Details of the application, including credit consent as well as 12 month bank accounts, the IRD statement, last 2 years finalised financial statements, and interim financials from the current financial year including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K and up) we can often provide a response in one hour if you apply within standard business times and you allow us to make use of the advanced bank verification system link to instantly verify your bank information online. If you opt to submit copies of your bank statements we can provide an answer in just the span of one business day.
For Larger Business Loans ($100K or more) we may be able to offer you with 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, it could be faster based on the specifics of each application. Certain deals have been approved in the space of 24 hours.
The most efficient method is to ensure you apply during standard company hours. You can also let us use the advance bank verification link to verify your bank account information online. If you choose to send us duplicates of your banking statement, it takes a bit longer.
For the Small Business Loan ($5K to $100K) we usually provide an answer within one hour, provided you make your application during standard business hours and let us make use of the advanced bank verification system link to instantly verify your bank information online. If you opt to send us copies of your bank statements, we are able to provide a decision within an business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we could be likely to offer the conditional pre-approval within 6 hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this may be quicker depending on the specifics of each application. Some offers have been approved in less than 24 hours.
The fastest method would be to ensure you apply during standard business hours. You can also allow us to use our advance bank verification link to verify your bank account information online. If you choose to upload the copies of bank statement, it may take a bit longer.
We provide loans that range from $5,000 and $500,000. If you apply for a specific amount we consider a variety of elements to determine how much we can lend you well-being that is your company and the amount of the repayments your business is able to afford. The amount you receive from your loan will depend on the specifics the business.
When you submit an application for a set amount, we take into consideration a variety of aspects to determine how much we can lend you such as health for your company and the amount of payments your business will be able to support. The total amount of your loan will depend on the specifics the company.
When you make an application for the business loans, we will assess the risk profile of your company and offer you with a customised proposal that includes the amount of the loan, the duration and the interest rates. A business loan is an upfront cost loan so you will 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 like the amount of money that is borrowed, what company assets the money will be used for, the industry the business is in, how long the business has been running, whether the business has enough cash flow to fund the loan, as well as the overall well-being or financial standing of the company.
There are no hidden costs with our company loans, and you’ll know exactly how much you’ll be required to pay and when, from the day you sign up. There’s no compounding interest and no additional fees (as as long as you pay your payments in time).
We do not charge an application fee. You can apply for a loan with with no upfront cost or obligation to proceed.
The Origination Fee is the cost associated with the setting up and management of the loan. It is only charged for this fee if you decide to take the loan. Our Origination Fee is 2.5 percent of the amount of the loan.
You can decide to repay all of your loan in full at any time.
If you choose to do this please contact our helpful business credit specialists. The experts will offer you with details for repayment along with an early payout estimate. It will be calculated using the total of the principal balance and any accrued interest at the date of early payout and 1.5% of the principal remaining and any fees that remain unpaid.
To ensure you do not miss payments and to work your cash flow schedule, we offer repayments either weekly or daily. These are automatically deducted from your nominated company account.
Security of your data, and being transparent about how we collect, use, exchange and protect your information, is of paramount importance and is a crucial part of our relationship you.
Yes. We employ industry-recognised encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to protecting the security of clients and security. We utilise a sophisticated banking verification system to instantly confirm your bank account information online to provide a fast response.
Asset-based borrowing is when an company owner makes use of an asset they own to get a loan. The asset may be an individual property, such as the family home or a business property like a truck as well as a piece of machine.
The vast majority of banks, even the big banks, tend to guarantee loans against an asset. If you are having difficulty paying back the loan, your asset may be transferred to the lender. In essence, it is an opportunity to secure new financing by taking advantage of the value of what you already have.
Up to $150,000 in loans no asset security is required upfront to access the money however, we do need a personal guarantee. In the event that you fulfill your loan obligations (as detailed in your loan contract) Asset security is not required. If you take out loans in excess of $150K generally, there is an individual ensure and security in the form of a charge over assets.
