A Canterbury unsecured business loan is quick and easy to apply for. Approve your loan in a matter of minutes and begin using the money for your company.
You can expect:
The criteria for eligibility for an unsecured business loan within Canterbury are fairly minimal.
Call Now 1300 540 208Making an application for business loans in Canterbury business loan in Canterbury with us is easy and takes only less than a minute, with no long lines of paperwork or waiting in line.
Receive approval and funds in 1 to 2 business days.
We are aiming to assist Canterbury businesses of all kinds, including medium, small and even solopreneurs access funding fast so they can use the loan to expand and develop.
The requirements for obtaining an unsecured business loan in Canterbury of between $5K and $100K are fairly minimal.
Do you need more money? Find out the eligibility requirements for our $100K to $500K company loan.
The criteria for eligibility of the larger Canterbury business loans of between $100K and $500K include:
Are you looking for a lower amount of funds? Find out the conditions for eligibility for our $5K-$100K Canterbury unsecured company loans.
A Canterbury unsecured loan is ideal for almost every business use. Get in touch with us today.
Do you want to begin one of these options as early as tomorrow? Get in touch with us or send your application online to get the fastest and most effective process.
All that is needed to begin is your contact details (company name, your name, email, phone) along with the amount you’d like to lend, and your monthly revenue.
Through the process and before settlement we will require confirmation of your identity but not to get started:
Once we’ve started when it comes to loans greater than $150,000 you will also require basic financial statements:
Let’s get started now.
With traditional and bank lenders tightening their credit terms and the constant stream of non-bank and alternative loan providers that are entering the market provides the perfect source to access.
Canterbury SME’s are now in a position to obtain finance via alternate lenders servicing Canterbury who are focused on enabling business growth or smoothing out problems with cash flow. The past was when private credit options (drawing equity from a home loan or credit cards and personal loans as well as the overdraft) could be the best alternative funding solutions for Canterbury that were available.
There is now an end to the need of having to rely on using real estate to secure business loans. With an unsecured loan business funding is simple. Instead of a term loan through the bank, business finance for a small business with interest rates and loan terms that help in cash flow are available as business loan options.
There are many benefits with separating personal and business debt.
Lower your risks, make your tax time simpler, start with an unsecured busines loan, apply today.
One big drawcard for keeping your individual and company assets apart is that your house isn’t necessarily tied up to allow access to the funds. For a small business loan within Canterbury up to $100K, asset security will not be required so in the event that the borrower has met their loan obligations.
Businesses are in a more stable long-term position when they can demonstrate good credit/debt serviceability.
It is important to separate personal from business finances makes it much 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 the guidelines for the documentation required to claim deductions on the tax return of a company. This is an area where the IRD has specifically advised on.
Effective cash flow management is vital to the long-term success in any business. By keeping the personal financial and business finances separate, companies can easily view, monitor and plan based on their ability to easily examine their cash flow.
Canterbury unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow friendly repayments, which are either daily or weekly.
Apply to get your Small Business Loan in under 10 minutes over the phone, receive an answer within the same day and the funds could be in your account within 24 hours. Traditional company loans have an annual rate of interest together with additional fees and charges. This company loan is an upfront priced loan therefore you’ll know ahead of time the amount you will have to pay, including any fees, charges or charges. This is then broken down into a daily or weekly repayment figure.
A Small Business Loan can be used to fulfill almost any business purpose including managing cash flows, business remodels and marketing to purchase inventory or new equipment, to fund general working capital and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund business expansion opportunities. Loans are between $100,000 and $500,000 over a fixed term with a maximum of 36 months. Repayments are weekly or fortnightly to work with you cashflow.
The Larger Business Loan has an Origination Fee, determined at 2.5 percent of the loan amount.
To qualify for a loan in this amount the business needs to have been operating for at least three years with an annual turnover of at least $700K. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of continuous trading.
A Larger Business Loan can be used for nearly any company purpose including company renovations, purchase of new equipment or inventory or as general working capital and so much more. The loan is not available to fund personal expenses.
Asset security is required to access funding over $150,000. This is by taking a charge on assets and can include the registration of this in the PPSR or filing as a caveat.
A personal or director’s guarantee is a guarantee to pay back a loan that is generally based rather than defining security over a particular asset. The person who is signing the ensure is personally accountable if the company lender is not able to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It lists security interests that are registered in respect of personal property (including the assets or goods). The PPSR permits priority over personal property to be assigned according to the date a security interest that is registered.
Caveats are legal document that is filed to offer the legal claim to property.
If you’re applying for larger business loans of more than $250K we may be able to provide an initial pre-approval in order to ease the process. We might be able to make this decision without a credit check, and within six hours of your initial application. The pre-approval is based upon an initial assessment, which involves you answering a few financial well-being checks. It’s in no way an offer, nor is it a guarantee of funds. A conditional approval is subject an assessment of your creditworthiness and any offer that you are offered could have different terms.
You are eligible to apply for an business loan if you
The application process is quick and simple. Complete the online form in just a few minutes, and a dedicated business lending specialist will be in touch to guide you through the process.
To apply for up $100,000 you’ll need proof of identity (valid Driver’s Licence), a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K-$250K: Details of application, including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Details of the application, including credit consent and 12 month bank accounts, the IRD statement and the last two years’ finalised financial statements, in addition to interim financial statements for the current year such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K to $100K) We can usually offer an answer within one hour, provided you apply during standard company times and let us utilise the advanced bank verification system link to immediately verify your bank account information online. If you opt to upload copies of your banking statement, we’ll provide the decision within 1 business day.
For the Larger Business Loan ($100K to $500K) we may be capable of provide you with pre-approval conditional to your application in about 6 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 particular circumstances of each application. Certain deals have been approved in the space of 24 hours.
The most effective method would be to make sure you apply during standard business hours and allow us to use the advance bank verification link to verify your bank account information online. If you opt to upload duplicates of your banking statements it will take a little longer.
For the Small Business Loan ($5K and up) we usually offer a response in one hour, provided you submit your request within normal business times and let us make use of the advanced bank verification system link to instantly verify your bank’s information online. If you opt to upload copies of your banking statements we can offer a decision within an business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we may be able to provide you with pre-approval conditional to your application within six hours. After you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, it could be faster based on the specifics of each application. Certain offers have been approved in just 24 hours.
The fastest method can be make sure you apply during standard business hours. You can also permit us to use the advance bank verification link to confirm your bank details online. If you decide to upload copies of your bank accounts, it can take a bit longer.
We provide loan amounts between $5,000 to $500,000. If you apply for a certain amount, we take into consideration a range of factors for determining the health that is your business and the level of repayments that your business is able to afford. The total amount of your loan will be contingent on the particular circumstances the business.
When you submit an application for a specific amount we take into consideration a variety of variables to determine the well-being that is your business and the level of the repayments your business is able to afford. The total amount of your loan will be determined by the particular circumstances the company.
When you apply for one of our company loans, we will assess the risk profile for your company and provide you with a customised offer including the amount of loan, the term and interest rates. A business loan is an upfront-priced loan therefore you will know the exact amount due, which includes any costs, fees, or interest rates.
Business loan interest rates depend on a variety of factors including the amount borrowed, the company assets the money will be used for in addition to the industry that the company is operating in, how long the business has been running and in the event that the business has sufficient cash flow to support the loan, as well as the overall well-being or financial standing of the company.
There are no hidden costs with our business loans. You’ll know exactly how much it is that you be required to pay, and when, from the day you sign up. There’s not any compounding interest and there are no additional charges (as long as you make your payments in time).
We do not charge an application fee. You can request a credit loan with with no upfront cost or the obligation to take action.
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 repay all of your loan in full at any time.
If you choose to take this route, please call our helpful business lending specialists. The professionals will offer you with the details of your repayment along with an early payout estimate. This will be calculated as the total of the principal remaining and accrued interest to the time of early payout, plus 1.5% of the principal balance as well as any outstanding fees.
In order to help you avoid missing due dates and also to be in line your cash flow schedule, we offer repayments that are either daily or weekly. These are automatically withdrawn from the nominated company account.
Making sure that your information is secure, and being transparent about the ways we gather, use, exchange and protect your information, is crucial and an integral part of our relationship with you.
Yes. We use industry recognised encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our dedication to customer security and security. We utilise a sophisticated banking verification system to immediately verify your bank account details online, allowing us to offer quick responses.
Asset-based borrowing occurs when the business owner makes use of an asset they own to get the loan. The asset can be an asset belonging to the personal, like the family home, or an business property like a truck or piece or equipment.
The vast majority of lending institutions, even the major banks, prefer to secure loans against assets. If you’re having trouble paying back the loan then the asset could be sold by the lender. In essence it’s a way of securing new financing using the worth of the asset you already have.
For loans that exceed $150K, the requirement for asset security is not required in advance to gain access to the funds, however we require a personal guarantee. require an individual guarantee. In the event that you fulfill the loan terms (as stipulated in your loan contract document), asset security is not needed. For loans that exceed $150,000, generally there is the option of a personal guarantee and security in the form of a charge over assets.
While we aren’t able to help with an unsecured business loan for the above industries, we might be able to help you by providing the secured business loan.
