A Claymore unsecured business loan is simple and quick to obtain. Request a quick approval and start using the funds for your business.
What you can expect:
The conditions for eligibility for an unsecured business loan for a business loan Claymore are fairly minimal.
Call Now 1300 540 208Requesting an business financing in Claymore with us is easy and takes only about a couple of minutes, there are no long lines of paperwork or waiting in line.
Be approved and receive your funds in 1-2 company days.
We aim to help Claymore companies of all types, whether small, medium or entrepreneurs to obtain funding fast so they can make use of the loan to build and expand their business.
The requirements for obtaining an unsecured business loan in Claymore of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Find out the conditions of eligibility for our $100K to $500K business financing.
The criteria to be eligible for the larger Claymore company loans of between $100K and $500K consist of:
You are looking for a lesser amount of capital? Look over the conditions for eligibility for our $5K-$100K Claymore unsecured company loans.
A Claymore unsecured loan is perfect for virtually every company reason. Contact us now.
Are you looking to start one of these projects as soon as tomorrow? Then get in touch with us or send your application online to get the fastest and most effective process.
All that’s required to begin is your contact details (company name, your name, email address and telephone) along with the amount you’d like to lend, as well as your monthly income.
In the course of the process and before settlement we’ll need confirmation of who you are but not to get started:
Once we’ve started, for loans that exceed $150,000, you will also require the following financial statements:
Let’s get started now.
With banks and traditional lenders tightening credit conditions as well as the continuous stream of alternative and non-bank loan providers entering the market provides the perfect source for you to take advantage of.
Claymore SME’s are now being able to get finance from alternative lenders who service Claymore who are focused on facilitating company growth or smoothing cash flow challenges. In the past, when personal credit sources (drawing equity from the home loan, or using credit cards or personal loans, as well as overdrafts) was the sole alternative financing solutions in Claymore that were available.
There’s not a requirement of having to rely on using real estate to secure business credit. With an unsecured loan business financing is now easy. Instead of a traditional term loan from banks, business finance for an SME with interest rates and loan terms that can help with cash flow are available as business loans.
There are substantial benefits associated by separating personal and company debt.
Limit your exposure, and make tax times simpler, start with an unsecure busines loan. Apply today.
One big drawcard for keeping your business and personal company assets separate is that your house isn’t tied to the funds. For a small business loan in Claymore up to $100K the security of assets won’t be required so in the event that the borrower has met their loan obligations.
Companies will be in a favourable long-term position if they have a good credit or debt serviceability.
It is crucial to separate personal from business finances makes it much more seamless with regards to tax time - especially when it comes to determining the tax-deductible allocation. The IRD has outlined the guidelines for the documentation required for claiming deductions on a business’s tax return. This is an area the IRD has advised specifically on.
Effective management of cash flows is vital to the long-term survival for any business. Through keeping personal and business finance separate, companies can easily view their cash flow, plan and monitor it based on the ability to effectively examine their cash flow.
Claymore unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow friendly repayments that are either per day or weekly.
Apply to this Small Business Loan in under 10 minutes on the phone. You’ll receive a same day response and funds may be available in just 24 hours. Traditional business loans have an annual rate of interest plus other fees and charges. This business loan is an upfront priced loan which means you be aware of the total amount payable including any fees, charges or charges. This is then broken down into a daily or weekly amount to be paid back.
It is a Small Business Loan can be used for nearly every business use, including cash flow management, business renovations, marketing for purchasing inventory or new equipment, as general working capital and much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. Loans range from $100,000 to $500,000 for a fixed period of with a maximum of 36 months. Repayments are scheduled weekly or fortnightly, depending on your cash flow.
This Larger Business Loan has an Origination Fee, which is determined at 2.5% of the loan amount.
To be eligible for a credit in this amount, your business needs to have been operating for at least three years, and have an annual income of at least $700,000. You must be a New Zealand Citizen (or Permanent Resident) over 18 years, own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A larger company loan can be used to fund almost all business need, including company renovations, purchase of equipment or inventory or as general working capital, and much more. The loan is not available to fund personal expenses.
Asset security is needed for funding of more than $150,000. This is in the form of a charge on assets, which could also include the registration of this with the PPSR or registering as a caveat.
A director’s or personal guarantee is a guarantee to repay credit that is generally based rather than stipulating the security of a specific asset. The person who signs the guarantee is personally liable if the company borrower is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including objects or assets). The PPSR grants priority over personal property to be assigned in accordance with the date on which a registration of a security interest.
A caveat is a legal document filed to provide an official notice of a claim against a property.
If you’re seeking the Larger Business Loan of more than $250K, we may offer an initial pre-approval in order to make the process. We might be able to get this done without a credit check, and within 6 hours of your initial application. This pre-approval is made based on an initial evaluation that involves you answering a few financial health questions. This is not an offer of credit or guarantee of financing. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer you may receive may be subject to different conditions.
You may apply for an business loan if you
The application process is quick and easy. Complete the online form in just a few minutes, and an experienced company loan specialist will contact you to assist you.
To be eligible for up to $100,000 you’ll require ID details (valid Driver’s Licence) along with a valid NZBN/IRD as well as at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll also need:
$100K to $250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K – $500K: Details for application including credit consent, 12 months of bank statements, IRD statement and the last two 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 up to $100,000) we usually offer an answer in just one hour, provided you submit your request at quality company timings and allow us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you decide to upload copies of your bank statements we can provide the decision in just an company day.
If you are applying for a Larger Business Loan ($100K or more) we may be capable of provide the conditional pre-approval in around 6 hours. After 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 offers have been approved in 24 hours.
The quickest way to apply for you to apply is ensure you apply during normal company hours. You can also allow us to use the advanced bank verification system to instantly confirm your bank details online. If you decide to send us the copies of bank accounts, it can take a bit longer.
For the Small Business Loan ($5K up to $100,000) We can usually provide an answer within one hour if you submit your request at normal business time and permit us to use the bank verification system link to instantly verify your bank details online. If you decide to send us copies of your bank statement, we’ll offer the decision in just one business day.
If you are applying for Larger Business Loans ($100K or more) we may be able to provide you with pre-approval conditional to your application within about 6 hours. Once you’ve signed your pre-approval document, you will need to wait about 2-3 days for final approval, however this could be shorter based on the particular circumstances of each application. Some transactions have received approval in 24 hours.
The fastest method would be to make sure you apply during standard business hours. Also, allow us to use the advance bank verification to verify your bank information online. If you upload copies of your bank accounts, it takes a bit longer.
We provide loans ranging from $5,000 to $500,000. When you submit an application for a specific amount we consider a variety of variables to determine how much we can lend you well-being that is your company and the amount of payments your business can support. The total amount of your loan will be contingent on the particular circumstances of your company.
If you apply for a certain amount, we consider a variety of aspects to assess your well-being that is your company and the level of the repayments your company can support. The total amount of the loan will be determined by the specifics the business.
When you make an application for our business financing, we will assess the risk assessment for your business and offer you with a customised offer including the loan amount, the terms and interest rates. It is a business loan is an upfront priced loan therefore you will know the exact amount due, which includes any costs, fees, or interest rates.
Interest rates for company loans rates depend on a variety of factors including the amount that is borrowed, what company assets the funds are used to purchase, the industry the company operates in, the long the business has been running and in the event that the business has enough cash flow to support the loan, and overall well-being or creditworthiness of the business.
There are no hidden costs for our business loans. You’ll be aware of the amount you be required to pay, and when, from the first day. There’s not any compounding interest and there are no additional charges (as long as you are able to make your payments punctually).
We do not charge an application fee. You can apply for a loan with no upfront cost or obligation to proceed.
The Origination Fee covers the expenses involved with setting up and managing the loan. The only way to pay this cost if you take out the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You can decide to repay all of your loan at any point in time.
If you do decide to do this please talk to one of our helpful business loan experts. The experts will offer you with repayment details as well as an early payout amount. This is calculated as the total of the principal balance and any accrued interest at the time of early payment plus 1.5% of the principal balance as well as any outstanding fees.
In order to help you avoid missing repayments and to fit in with your cash flow cycle we provide payments that are either weekly or daily. They are automatically deducted from your nominated company account.
Making sure that your information is secure, and being transparent about the ways we gather information, use it, and exchange it, as well as safeguard your data, is of huge importance and a vital part of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our commitment to protecting the security of customers and privacy. We make use of an advanced bank verification system that allows you to instantly verify your bank account information online so we can offer rapid response.
An asset-based loan is when an business owner makes use of an asset that they own to secure a loan. The asset may be an individual property, such as the family home or it could be a company asset such as a truck as well as a piece of machine.
The majority of banks, even the largest banks, are inclined to guarantee loans against assets. If you’re having trouble paying back the loan then your asset may be taken over by the lender. In essence, it is the process of securing new funding using the value of what you already have.
For loans of up to $150,000, the requirement for asset security is not required upfront to access the money However, we do require a personal guarantee. In the event that you fulfill the terms of your loan (as stated in the loan contract) the security of assets is not required. For loans that exceed $150K, typically, you will need personal ensure and security is provided in the form of charges on assets.
Although we cannot assist with an unsecured business loan for those industries, we might be able to assist by providing an secured business loan.
