A Greystanes unsecured business loan is quick and simple to apply for. Approve your loan in a matter of minutes and use the money to grow your business.
What you can expect:
The eligibility requirements for an unsecured business loan within Greystanes are fairly minimal.
Call Now 1300 540 208Applying for a company financing in Greystanes with us is simple and only takes a few minutes, no long lines of paperwork or waiting in line.
Be approved and receive your funds in 1-2 business days.
We want to assist Greystanes businesses of all kinds, including medium, small and even solopreneurs to access quick funding so that they can utilise the loan to expand and develop.
The criteria for eligibility for an unsecured business loan in Greystanes of between $5K and $100K is fairly low.
Looking for more funding? Check out the guidelines for eligibility for our $100K-$500K company credit.
The eligibility requirements of larger Greystanes company loans of between $100K and $500K include:
Are you looking for a lower amount of money? Check out the conditions for eligibility for our $5K-$100K Greystanes unsecured business loans.
A Greystanes unsecured loan is great for almost any company need. Get in touch with us today.
Want to get started on one of these as soon as tomorrow? Contact us today or send an application online to apply the fastest, most convenient way.
All that’s needed to begin is your contact information (company name, your name, email, phone) as well as the amount you’d like to lend, and your monthly earnings.
During the process and before settlement we’ll require confirmation of who you are but not before we can begin:
In addition, once we have started in the process, for loans that exceed $150,000, you will also require basic financial statements:
Let’s get started.
With traditional and bank lenders tightening their credit terms The steady flow of non-bank and alternative loan providers that are entering the market offers an incredible source to access.
Greystanes SME’s are now able to access finance through alternative lenders that service Greystanes who are focused on facilitating business growth or smoothing cash flow challenges. In the past, personal credit sources (drawing equity from a house loan or credit cards or personal loans, as well as the overdraft) were the only alternative funding services for Greystanes that were around.
There’s not a need in the present to rely on the real estate market to secure company loan. With an unsecured loan business funding is simple. Instead of a loan for a term with the bank, business finance for a small business with interest rates and loan terms that help with cash flow are around as business loan options.
There are many advantages associated with separating personal and business debt.
Reduce your risk, and make tax times easier, get started with an unsecured busines loan, apply today.
One big drawcard for keeping your individual and business assets separate will be the fact that your home isn’t necessarily tied up for access to the money. For a modest business loan in Greystanes up to $100K an asset security agreement will not be needed as long as the borrower fulfills their loan obligations.
Companies are in a favourable long-term position if they have a good credit or debt capability.
Separating personal and company finances makes it more seamless when it comes to tax time - particularly when determining the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out guidelines on the proof required in order to deduct deductions from an organisation’s tax return. This is an area the IRD has specifically advised on.
A well-organised cash flow management system is essential to the long-term viability of any company. By keeping your personal finances and company finances distinct, businesses can easily view their cash flow, plan and monitor it based on their ability to easily assess their cash flow position.
Greystanes unsecured loans offers amounts between $5,000 and $100,000 with terms between 3 and 24 month and cash flow friendly repayments, which are either daily or weekly.
Apply to the Small Business Loan in under 10 minutes on the internet or over the phone, receive an immediate response, and the funds could be in your account within 24 hours. Traditional company loans reference an interest rate per annum along with other charges and fees. The business loan is a cash-based loan which means you know in advance the total amount to be paid, including any fees, interest or charges. Then, it is broken down into either a daily or weekly payment amount.
A Small Business Loan can be used for almost any business need, such as the management of cash flow, business remodels and marketing for purchasing inventory or new equipment, or as general working capital, and much more. The loan is not available for personal use.
The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans range between $100,000 and $500,000 over a fixed term 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 percentage of the loan amount.
In order to be eligible for a loan that is this large, your business needs to have been operating for at least three years and have an annual turnover of at least $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.
A large company loan is a great option for almost every business reason, such as business renovations, to purchase equipment or inventory for general working capital and so much more. The loan cannot be used for personal reasons.
Asset security is needed for funding of more than $150,000. It is usually by way of charge on assets, which could also be registered on the PPSR or registering a caveat.
A personal or director’s ensure is a guarantee to repay a loan which is generally based rather than specifying security over an asset. The person who signs the guarantee is personally liable in the event that the company borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It records security interests that have been registered in respect of personal property (including goods or assets). The PPSR permits prioritisation over property that is personal to be granted according to the date the registration of a security interest.
Caveats are legal document lodged to offer notice of a legal claim to a property.
When you’re applying for the Larger Business Loan of more than $250,000 we may be able to provide an initial pre-approval to make the process. We could be able to apply for this without a credit verification and within 6 hours of the initial application. This pre-approval is based on an initial assessment that includes the answer to a series of financial well-being questions. It is in no way an offer, nor is it a guarantee of credit. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer you receive could be based on different conditions.
You can apply for an company loan if you
The application process is quick and simple. Just fill out the online application in just a few minutes, and a dedicated company loan specialist will contact you to help you.
To apply for up $100,000, you’ll require ID details (valid Driver’s License) as well as a valid NZBN/IRD and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K – $250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K to $500K: Application details including credit consent and 12 months bank statement, an 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 Summary.
For an unsecured loan ($5K to $100K) we can often offer an answer within one hour if you make your application at quality company timings and permit us to use the advanced bank verification system link to instantly verify your bank information online. If you opt to upload copies of your bank statements , we are able to offer the decision in just 1 business day.
For Larger Business Loans ($100K and up) we may be in a position to provide the conditional pre-approval in around six hours. After you’ve signed your pre-approval form, it will take approximately 2-3 days to receive final approval. However, this can be quicker based on the circumstances of each application. Some transactions have received approval within 24 hours.
The quickest method can be make sure you apply during standard business hours and allow us to use our advanced bank verification system to check your bank’s information online. If you upload the copies of bank statement, it may take a bit longer.
For the Small Business Loan ($5K to $100K) we typically provide an answer in just one hour if you submit your request within normal business times and allow us to use the bank verification system link to instantly verify your bank information online. If you opt to upload copies of your bank statements, we will be able to offer an answer within the span of one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we may be in a position to provide the conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval form, it will take about 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Certain offers have been approved in the space of 24 hours.
The fastest method would be to make sure you apply during normal business hours. You can also let us use the sophisticated bank verification to check your bank’s information online. If you opt to upload duplicates of your banking statements, it may take a bit longer.
We provide loans that range from $5,000 and $500,000. When you submit an application for a certain amount, we will consider a number of elements in order to assess your health that is your business as well as the amount of repayments your business is able to afford. The amount you receive from your loan will be contingent on the specifics the business.
When you make an application for a specific amount we take into consideration a variety of elements to assess the well-being that is your company as well as the amount of payments your company is able to afford. The total amount of the loan will be determined by the particular circumstances that are unique to your business.
If you decide to request the company credit, we’ll assess the risk profile for your company and provide you with a customised proposal that includes the loan amount, the terms and interest rates. This company loan is an upfront cost loan so you will be aware in advance of the total amount due, which includes any costs, fees, or interest rates.
The interest rates on business loans rates depend on a variety of factors including the amount of money borrowed, the company assets the money are used to purchase in addition to the industry that the business operates in, how long the business is in operation and how long the business has sufficient cash flow to cover the loan, as well as the overall well-being or financial standing of the business.
There are no hidden fees with our company loans. You’ll know exactly how much you need to pay, and when, from the day you sign up. There’s no compounding interest, and no extra fees (as as long as you pay your payments punctually).
We don’t 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 in establishing and managing the loan. This is only a cost if you take out the loan. Our Origination Fee is 2.5 percent of the amount of the loan.
You may choose to pay back the entire amount of your loan at any point in time.
If you are deciding to take this route, please speak to our friendly business loans experts. The specialists will offer you with repayment details along with an early payout estimate. It will be calculated using the sum of the principal amount remaining and any accrued interest at the time of the early payout in addition to 1.5% of the remaining principal and any outstanding fees.
To help you avoid missing payments and to work your cash flow cycle we provide payments that are either daily or weekly. These are automatically withdrawn from the nominated company account.
Protecting your information, and making it clear the ways we gather the information we collect, use, share and protect your information, is vital and is a crucial part of our relationship you.
Yes. We employ industry-recognised encryption standards to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our commitment to protecting the security of clients and privacy. We use an advanced bank verification system to immediately confirm your bank account information online. This allows us to provide quick responses.
An asset-based loan is when a business owner borrows from assets they own to obtain the funding. The asset could be a personal asset like the family home, or an business asset such as a vehicle or piece of equipment.
The majority of lenders, even the major banks, prefer to secure loans against an asset. If you are having difficulty paying back the loan, then the asset might be taken over by the lender. In essence, it is an opportunity to secure new financing taking advantage of the value of what you already own.
For loans of up to $150K, the requirement for asset security is not required upfront to access the money However, we do need the personal guarantee. As long as you follow your loan obligations (as stated in your loan contract document) the security of assets is not needed. If you take out loans in excess of $150,000 generally there is the option of a personal ensure and security in the form charges on assets.
While we aren’t able to help with an unsecured business loan in these types of industries, we may be able to assist with secured business loan.
