A Concord unsecured business loan is quick and simple to apply for. Apply for a loan quickly and use the money to grow your company.
What to expect:
The criteria for eligibility for an unsecured business loan within Concord are fairly minimal.
Call Now 1300 540 208Requesting an company loan within Concord with us is easy and takes just some minutes, without mountains of paperwork or queues.
Approved and receive funds in 1 to 2 business days.
We aim to help Concord businesses of all sorts small, medium even entrepreneurs to obtain funds quickly so that they can make use of the loan to expand and grow.
The requirements for getting an unsecured business loan in Concord of between $5K and $100K are pretty minimal.
Do you require more money? Find out the conditions of eligibility for our $100K to $500K company loans.
The eligibility requirements to be eligible for larger Concord company loans of between $100K and $500K include:
You are looking for a lesser amount of money? Look over the guidelines for eligibility for our $5K-$100K Concord unsecured company loans.
A Concord unsecured loan is great for nearly any company reason. Call us now.
Do you want to start working on one of these options as early as tomorrow? Get in touch with us today or send an application online to get the fastest and most efficient process.
All that’s needed to get started is your contact information (company name, your name, email and telephone) and the amount you’d like to borrow and your monthly income.
In the course of the process and before settlement we will require confirmation of who you are, but not before we can begin:
Once we’ve started in the process, for loans over $150,000 you’ll also need fundamental financial statements:
Let’s get started now.
With banks and traditional lenders tightening credit conditions and the constant stream of non-bank and alternative loan providers entering the market provides the perfect source to access.
Concord SME’s are now in a position to obtain finance via alternate lenders servicing Concord who are focused on enabling company growth or smoothing problems with cash flow. The past was when the personal sources of credit (drawing equity from the home loan, or by using credit cards in addition to personal loans and credit cards) provided the most viable alternative funding services in Concord that were available.
There is now no requirement of having to depend on using real estate to secure company credit. With an unsecured loan business funding is made simple. Instead of a traditional term loan from the bank, business finance for a small company with interest rates and loan terms that can help with cash flow are around as business loan options.
There are many benefits with the separation of personal and business debt.
Limit your exposure, make the tax process more simple, apply for an unsecured busines loan. Apply today.
One major benefit of keeping your individual and business assets separate is that your house isn’t tied to access the funds. For a modest business loan in Concord up to $100K the security of assets won’t be required as in the event that the borrower has met the loan requirements.
Companies are in a advantageous long-term situation if they can demonstrate good credit/debt capacity to pay.
It is crucial to separate personal from business finances makes it significantly more straightforward in the event of tax time - particularly when determining the tax deductible allocation. The IRD has laid out rules on the evidence required in order to deduct deductions from a business’s tax return. This is an area the IRD has advised specifically on.
Effective cash flow management is crucial to the long-term survival for any company. By keeping the personal financial and company finances separate, companies can easily view, monitor and plan based on their ability to easily evaluate their cash flow situation.
Concord unsecured loans offers the range of $5,000 to $100,000, with terms ranging from 3 and 24 months. They also offer cash flow-friendly repayments that are either per day or weekly.
It is possible to apply for your Small Business Loan in under 10 minutes online or by phone. You will receive an instant response and have the funds available in just 24 hours. Traditional company loans have an interest rate per annum along with other charges and fees. The business loan is an upfront priced loan and you’ll know in advance the total amount payable including any interest, fees or charges. This is then divided into a daily or weekly installment amount.
The Small Business Loan can be used for almost every business reason, such as the management of cash flow, business renovations, marketing to purchase inventory, new equipment, as general working capital and so much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger loan size to support business growth opportunities. Loans range between $100,000 and $500,000 for a fixed period of up to 36 months. The repayments are made weekly or fortnightly depending on your situation.
This Larger Business Loan has an Origination Fee, determined at 2.5 percentage of the loan amount.
To be eligible for a credit in this amount, your business needs to be in operation for at least 3 years and generate an annual revenue of $700K. You must 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 to demonstrate at the least 12 months of operating.
A Business Loan of a larger size is a great option for almost every business need, including company improvements, purchasing inventory or new equipment or as general working capital, and much more. The loan is not available for personal reasons.
Asset security is necessary to obtain funding above $150,000. It is usually as a result of an charge over assets and can include the registration of this with the PPSR or making as a caveat.
A director’s or personal ensure is a promise to pay back a loan that is general in nature, rather than specifying security over an asset. The person signing the ensure is personally accountable if the company the borrower fails to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It lists security interests that are registered in respect of personal property (including the assets or goods). The PPSR gives the priority of personal property granted according to the date a security interest was registered.
A caveat is a legal form of document to provide an official notice of a claim to property.
If you’re requesting the Larger Business Loan that exceeds $250K, we may offer an initial pre-approval to simplify the process. We could be able to get this done without a credit verification and within 6 hours of the initial application. This pre-approval is based on an initial assessment, which involves the answer to a series of financial well-being questions. It’s neither an offer nor a guarantee of credit. Unconditional approval is subject to a full credit assessment and any offer you might receive could be on different terms.
You may apply for a company loan if you:
The process for applying is fast and simple. Simply complete the online form within a few minutes and a dedicated business credit specialist will call you to guide you through the process.
For a loan of up to $100,000, you’ll require proof of identity (valid Driver’s Licence) along with an NZBN/IRD that is valid and at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll also require:
$100K-$250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K – $500K: Application details including credit consent as well as 12 month bank accounts, the IRD statements, last 2 years finalised financial statements, and interim financial statements for the current year such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K or more) we usually provide an answer in just one hour, provided you make your application within quality business hours and allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you opt to submit copies of your bank statements we can offer an answer within just the span of one business day.
For the Larger Business Loan ($100K or more) we may be likely to offer you with pre-approval conditional to your application in around 6 hours. Once you’ve signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval. However, this could be shorter based on the specifics of each application. Some agreements have been approved within 24 hours.
The fastest way for you to apply is ensure you apply during standard company hours, and allow us to use the advance bank verification link to instantly confirm your bank details online. If you choose to upload documents from your account statement, it can take a bit longer.
For the Small Business Loan ($5K and up) we can often provide an answer in just one hour – as long as you submit your request during normal business timings and permit us to make use of the advanced bank verification system to instantly verify your bank information online. If you decide to submit copies of your bank statements we can provide an answer in just an business day.
If you are applying for Larger Business Loans ($100K or more) we might be likely to offer the conditional pre-approval in around 6 hours. Once you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval. However, it could be faster based on the particular circumstances of each application. Some deals have been approved within 24 hours.
The fastest method can be make sure you apply during standard business hours. Also, allow us to use the advance bank verification link to check your bank’s information online. If you send us documents from your account accounts, it may take a bit longer.
We offer the loan amount between $5,000 and $500,000. When you submit an application for a certain amount, we consider a variety of factors to determine your well-being for your company as well as the amount of payments your business is able to afford. The amount you receive from your loan will depend on the specifics that are unique to your company.
When you submit an application for a specific amount we consider a variety of elements to assess the well-being of the company as well as the amount of repayments that your business is able to afford. The total amount of the loan will be determined by the specific circumstances that are unique to your company.
When you make an application for the company loans, we will assess the risk profile that you have for your business and provide you with a customised offer, including the amount of the loan, the duration and interest rates. This company loan is an upfront-priced loan therefore you will know the exact amount payable including any charges or interest.
Interest rates for company loans rates depend on several variables like the amount to be that is borrowed, what company assets the money will be used for in addition to the industry that the business is operating in, how long the company is in operation and how long the business has enough cash flow to pay for the loan, and overall health or financial standing of the company.
There are no hidden costs for our business loans, and you’ll know precisely what you’ll be required to pay and when, starting from the very first day. There’s no compounding and no extra fees (as as long as you pay your payments punctually).
We don’t charge an application fee. You are able to request a credit loan with with no upfront cost or commitment to apply.
The Origination Fee includes the expenses associated with setting up and managing the loan. It is only charged for this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percent of the amount of the loan.
You may choose to pay back the total amount of your advance loan at any time.
If you choose to take this route, please speak to our friendly business credit professionals. They will offer you with the details of your repayment along with an early payout estimate. It will be calculated using the total of the principal balance and the accrued interest up to the time of early payment plus 1.5% of the principal remaining as well as any outstanding fees.
To help you avoid missing payments and to work your cash flow schedule, we offer repayments either daily or weekly. They are automatically deducted from the nominated business account.
Protecting your information, and making it clear the ways we gather, use, exchange and ensure the security of your information is of huge importance and an integral part of our relationship with you.
Yes. We utilise industry-recognised encryption standards to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our commitment to protecting the security of customers and privacy. We employ an exceptionally sophisticated bank verification system to instantly verify your bank account information online, allowing us to provide an immediate response.
The term "asset-based" refers to borrowing where a company owner utilises an asset they own to secure a loan. The asset can be either a personal asset like the family home, or it could be a company asset such as a truck or other piece of machinery.
The majority of lenders, even the big banks, tend to secure loans against assets. If you have trouble paying back the loan, your assets could be taken over by the lender. In essence, it is an opportunity to secure additional financing using the value of what you already have.
Up to $150K in loans it is not necessary to secure assets upfront to access the money However, we do need a personal guarantee. In the event that you fulfill the terms of your loan (as specified in your loan contract document) the security of assets is not needed. For loans of over $150K typically, you will need an individual guarantee and security that is in the form a charge over assets.
We can’t assist with an unsecured business loan in the above industries, we might be able to help you by providing secured business loan.
