A Greenwich unsecured business loan is simple and quick to obtain. Request a quick approval and begin using the money to grow your business.
What to expect:
The criteria for eligibility for an unsecured business loan to be made in Greenwich are fairly minimal.
Call Now 1300 540 208Making an application for a company financing within Greenwich with us is easy and takes only a few minutes, no long lines of paperwork or waiting in line.
Receive approval and funds within 1 – 2 company days.
We aim to help Greenwich businesses of all kinds, including medium, small and even solopreneurs access funds quickly so that they can take advantage of loans to grow and build.
The requirements for getting an unsecured business loan in Greenwich of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Find out the conditions of eligibility for our $100K-$500K company financing.
The eligibility requirements of the larger Greenwich business loans of between $100K to $500K comprise:
Do you need a smaller amount of capital? Look over the guidelines for eligibility for our $5K-$100K Greenwich unsecured business loans.
A Greenwich unsecured loan is ideal for virtually every company purpose. Talk to us today.
Want to get started on one of these options as early as tomorrow? Contact us today or send an application online to apply the fastest, most convenient way.
All that is needed to start is your contact information (company name, your name, email address and phone) as well as the amount you’d like to lend, and your monthly revenue.
While in the process and before settlement we’ll need confirmation of your identity, but not before we can begin:
After we start in the process, for loans of more than $150,000 you’ll 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 a great resource for you to make use of.
Greenwich SME’s are now in a position to obtain finance via alternate lenders servicing Greenwich who are focused on facilitating company expansion or smoothing cash flow challenges. In the past, personal credit sources (drawing equity from a house loan, or by using credit cards, personal loans and the overdraft) provided the most viable alternative funding solutions available in Greenwich that were available.
There’s an end to the requirement for you to depend on using real estate to secure business credit. With an unsecured loan, business funding is simple. Instead of a term loan with banks, business finance for an SME with interest rates and loan terms that aid with cash flow are around as business loan options.
There are many benefits by separating personal and company debt.
Reduce your risk, and make tax times easier, get started with an unsecure business loan. Get it today.
One of the main benefits of keeping your individual and company assets separate will be the fact that your home does not have to be tied to access the funds. In the case of a business loan within Greenwich up to $100K the security of assets won’t be required as long as the borrower fulfills their loan obligations.
Companies will be in a favourable long-term position if they are able to demonstrate credit/debt capacity to pay.
The separation of personal as well as business finances makes it much more straightforward in the event of tax time, particularly when determining what is the tax-deductible amount. The IRD has set out guidelines on the proof required to be able to claim deductions on a company’s tax return. This is an area the IRD have specifically advised on.
Effective management of cash flows is essential to the long-term viability for any business. By maintaining personal as well as business finances separate, companies can easily view their cash flow, plan and monitor it based on the ability to effectively evaluate their cash flow situation.
Greenwich unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments which can be made daily or weekly.
The application to the Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an answer within the same day and funds may be in your account in 24 hours. Traditional company loans are based on an annual rate of interest together with additional fees and charges. The company loan is a pre-paid loan so you will be aware in advance of the amount you will have to pay, including any fees, charges or charges. Then, it is broken down into weekly or daily repayment figure.
It is a Small Business Loan can be used for virtually any business reason, such as managing cash flows, company remodeling, marketing, to purchase inventory or new equipment, to fund general working capital and so much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. Loans range between $100,000 and $500,000 for a fixed period of that can last up to 36 months. Repayments are weekly or fortnightly depending on your situation.
This Larger Business Loan has an Origination Fee, which is calculated at 2.5% of the amount of the loan.
To be eligible for a loan in this amount the company needs to be operating for a minimum of 3 years with an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A Larger Business Loan can be used to fund almost every business purpose including company remodeling, buying equipment or inventory for general working capital and much more. The loan is not available for personal purposes.
Asset security is required to obtain funding above $150,000. This is in the form of a charge on assets, which could also include the registration of this in the PPSR or registering as a caveat.
A director’s or personal guarantee is a guarantee to repay a loan which is generally in nature rather than stipulating the security of a specific asset. The person signing the ensure is personally liable in the event that the business creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It contains security interests that are registered for personal property (including objects or assets). The PPSR allows prioritisation over property that is personal to be granted in accordance with the date on which a security interest that is registered.
The caveat can be described as a formal document that is filed to provide notice of a legal claim to a property.
When you’re applying for larger business loans of more than $250K we can offer an initial pre-approval to ease the process. We could be able to get this done without a credit check, and within 6 hours of the initial application. This pre-approval is made based on an initial assessment, which involves you answering a few financial health checks. It is not an offer of credit or guarantee of funds. A conditional approval is subject an extensive credit evaluation and any offer that you are offered could be on different terms.
You can apply for a business loan if you;
The process for applying is fast and easy. Just complete the online application in just a few minutes, and a dedicated company lending specialist will contact you to assist you.
To apply for up to $100,000, you’ll require proof of identity (valid Driver’s Licence) and a valid NZBN/IRD as well as at least six months of bank statements.
For larger loan sizes, you’ll require:
$100K-$250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Information on the application including credit consent twelve months of bank statements, IRD statements Last 2 years’ finalised financial statements, and interim financial statements for the current year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K or more) We can usually provide an answer within an hour if you apply within standard company hours and permit us to make use of the advanced bank verification system to instantly verify your bank details online. If you decide to submit copies of your bank statements , we’ll be able to offer a decision within just one business day.
For the Larger Business Loan ($100K up to $500,000) we may be likely to provide the conditional pre-approval within about six hours. After 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 deals have been approved in less than 24 hours.
The fastest way would be to make sure you apply during standard business hours. Also, allow us to use our advanced bank verification system to instantly verify your bank information online. If you send us the copies of bank statements it may take a bit longer.
For the Small Business Loan ($5K to $100K) we usually provide a response in one hour – provided you make your application during standard business times and let us use the bank verification system link to instantly verify your bank details online. If you want to send us copies of your bank statements we can provide an answer within one business day.
For the Larger Business Loans ($100K to $500K) we could be capable of offer you with pre-approval conditional to your application in about six hours. After you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, this can be faster depending upon the circumstances for each application. Certain transactions have received approval within 24 hours.
The fastest way would be to make sure you apply during standard business hours and allow us to use our advance bank verification link to confirm your bank details online. If you send us documents from your account statements, it takes a bit longer.
We offer loans that range from $5,000 to $500,000. When you submit an application for a certain amount, we look at a variety of factors that determine the health that is your company and the amount of repayments that your business will be able to support. The amount you receive from the loan will be determined by the particular circumstances that are unique to your company.
When you make an application for a specific amount we look at a range of aspects to determine your well-being for your business and the extent of payments your company can afford. The amount you receive from your loan will be contingent on the specifics the business.
If you decide to apply for business loans with us business loans, we will assess the risk assessment for your company and offer you with a tailored offer including loan amount, term and interest rates. A company loan is a loan that is priced upfront which means you be aware of the total amount you will have to pay, including charges, interest rates or fees.
Business loan interest rates depend on a variety of factors like the amount of money borrowed, the business assets the money are used to purchase as well as the field the business is in, how long the business has been operating as well as whether the company has sufficient cash flow to cover the loan, and the overall well-being and creditworthiness of the business.
There are no hidden costs with our business loans. You’ll know precisely what it is that you be required to pay, and when, from the first day. There’s no compounding interest and no additional fees (as long as you make your payments in time).
We do not charge an application fee. You are able to get a cash loan with no cost upfront or obligation to proceed.
The Origination Fee covers the costs associated 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 percent of the loan amount.
You can decide to repay the entire amount of the loan at any point in time.
If you decide to take this route, please speak to our friendly business loan professionals. They will provide you with details for repayment and an early payout figure. This is calculated as the sum of the principal balance and accrued interest to the time of the early payout and 1.5% of the principal amount remaining and any outstanding fees.
In order to help you avoid missing payment dates and to align your cash flow cycle we offer repayments that are either daily or weekly. They will be automatically deducted from the nominated company account.
The security of your personal information, as well as making it clear the ways we gather, use, exchange and secure your information, is of huge importance and a vital aspect of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to security for our clients and security. We employ an exceptionally sophisticated banking verification system to immediately verify the bank account details online. This allows us to provide a fast response.
An asset-based loan is when the business owner borrows from an asset they own to get a loan. The asset can be either an individual property, such as the family home, or an business asset like a truck or piece or equipment.
The majority of lenders, including the largest banks, are inclined to secure loans against an asset. If you have trouble paying back the loan, then your assets could be offered for sale by the lender. In essence, it is an opportunity to secure new funding taking advantage of the value of what you already have.
For loans of up to $150K, there is no requirement for asset security prior to the loan’s access but we do require an individual guarantee. If you adhere to your loan obligations (as detailed in the loan contract), asset security will never be required. If you take out loans in excess of $150K generally there is personal ensure and security in the form a charge over assets.
While we aren’t able to help with an unsecured business loan for these types of industries, we may be able to help you by providing secured business loan.
