A Greystanes unsecured business loan is quick and easy in applying for. Approve your loan in a matter of minutes and start using the funds for your business.
What you can expect:
The conditions for eligibility for an unsecured business loan within Greystanes are fairly minimal.
Call Now 1300 540 208The process of applying for business loans in Greystanes business loans within Greystanes with us is easy and takes only a few minutes, no mountains of paperwork or queues.
Get approved and receive your money within 1-2 company days.
Our goal is to assist Greystanes companies of all kinds, from small to medium-sized solopreneurs to access funds quickly so that they can take advantage of loans to expand and grow.
The criteria for eligibility for an unsecured business loan in Greystanes of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Find out the guidelines for eligibility for our $100K-$500K company financing.
The requirements for eligibility for larger Greystanes business loans of between $100K and $500K consist of:
Looking for a smaller amount of money? Look over the eligibility requirements for our $5K-$100K Greystanes unsecured business loans.
A Greystanes unsecured loan is perfect for almost every company reason. Contact us now.
Do you want to begin one of these options as early as tomorrow? So, contact us or apply online now to get the fastest and most effective process.
All that’s required to get started is your contact details (company name, your name, email, phone) along with the amount you want to borrow, and your monthly revenue.
While in the process and before settlement we’ll require confirmation of your identity but not for starting:
After we start when it comes to loans over $150,000 you’ll also need basic financial statements.
Let’s get started now.
With banks and traditional lenders restricting credit and the constant stream of alternative and non-bank loan providers that are entering the market offers the perfect source for you to access.
Greystanes SME’s are now capable of accessing finance through alternate lenders servicing Greystanes who are focused on facilitating business growth or smoothing out problems with cash flow. In the past, when individual credit providers (drawing equity from a house loan, or by using credit cards in addition to personal loans and credit cards) were the only alternative financing solutions in Greystanes that were available.
There’s not a requirement for you to depend on using real estate to secure company loans. With an unsecured loan, business funding is simple. Instead of a loan for a term with a bank, business finance for an SME with interest rates and loan terms that can help to manage cash flow are around as business credit options.
There are many advantages associated by separating personal and company debt.
Lower your risks, make tax time simpler, start with an unsecure loan for business. Get it today.
The main benefit of keeping your business and personal company assets apart will be the fact that your home isn’t required to be tied to allow access to the funds. In the case of a business loan within Greystanes up to $100K, asset security will not be required so long as the borrower meets the loan requirements.
Businesses will be in a advantageous long-term situation if they have a good credit or debt capacity to pay.
A separation between personal and company financial accounts makes it more seamless in the event of tax time - particularly when identifying what is the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the guidelines for the documentation required for claiming deductions on a company’s tax return. This is a subject that the IRD have specifically advised on.
A well-organised cash flow management system is vital to the longevity in any company. By keeping your personal finances and business finances separate, companies can easily view how they are performing, monitor and plan on their ability to accurately examine their cash flow.
Greystanes unsecured loans offers the range of $5,000 to $100,000, with terms ranging from 3 and 24 month and cash flow-friendly repayments that are either daily or weekly.
You can apply to your Small Business Loan in under 10 minutes online or on the phone. You’ll receive an instant response and the funds could be in your account in 24 hours. Traditional company loans refer to an annual interest rate plus other fees and charges. The company loan is a loan that is priced upfront and you’ll know in advance the total amount due, which includes the interest, fees and charges. This is then broken down into either a daily or weekly amount to be paid back.
The Small Business Loan can be used for nearly every business reason, such as the management of cash flow, company renovations, marketing, to purchase inventory or new equipment, or as general working capital and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans are between $100,000 and $500,000 over a fixed term up to 36 months. Repayments are either weekly or fortnightly depending on the flow of cash.
This Larger Business Loan has an Origination Fee that is calculated at 2.5% of the amount of the loan.
In order to be eligible for a loan in this amount, your business needs to have been in operation for at least 3 years with an annual turnover of at least $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 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 all company use, including business renovations, purchase of new equipment or inventory, as general working capital, and much more. The loan is not available for personal reasons.
Asset security is necessary for funding of more than $150,000. It’s by taking a charge on assets, and may include registration through the PPSR or registering a caveat.
A personal or director’s guarantee is a guarantee to pay back a loan that is general in nature rather than defining the security of a specific asset. The person who signs the guarantee is personally accountable if the business borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It records security interests that have been registered in respect of personal property (including objects or assets). The PPSR allows priority over personal property to be assigned depending on the date that a security interest has been registered.
Caveats are legal document lodged to provide notice of a legal claim to property.
If you’re applying for a Larger Business Loan that is greater than $250,000 we can offer an initial pre-approval to smooth out the process. We might be able to apply for this without a credit verification and within 6 hours of your initial application. This pre-approval is based on an initial evaluation that involves the answer to a series of financial well-being questions. This is not an offer of credit or guarantee of funds. A conditional approval is subject an exhaustive credit evaluation, and any offer that you are offered could have different terms.
You can apply for a company loan if you;
The application process is fast and simple. Complete the online form in few minutes and a dedicated company credit specialist will contact you to help you.
To apply for up $100,000, you’ll require ID details (valid Driver’s Licence) and a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
Otherwise, for larger loan sizes, you’ll also need:
$100K to $250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K-$500K: Information on the application including credit consent, 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, in addition to interim financials for the current financial year as well as Aged Payables and Receivables summary.
For an unsecured loan ($5K up to $100,000) we usually offer a response in one hour – as long as you apply within quality company timings and let us make use of the advanced bank verification system to instantly verify your bank details online. If you choose to upload copies of your banking statements , we will be able to provide the decision within 1 company day.
For the Larger Business Loan ($100K to $500K) we may be able to provide you with conditional pre-approval within 6 hours. After you’ve signed the pre-approval form, it will take around 2-3 days for final approval. However, this can be quicker based on the specifics of each application. Certain agreements have been approved in less than 24 hours.
The quickest way to apply would be to ensure you apply during standard business hours. Also, let us use the advanced bank verification system to instantly check your bank’s information online. If you opt to upload the copies of bank statements it can take a bit longer.
For the Small Business Loan ($5K and up) We can usually provide an answer within an hour if you make your application during standard business hours and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you opt to upload copies of your banking statement, we’ll provide the decision within the span of one business day.
If you are applying for Larger Business Loans ($100K to $500K) we may be able to offer you with pre-approval conditional to your application in around six hours. After you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this could be shorter based on the specifics of each application. Certain transactions have received approval within just 24 hours.
The quickest method would be to ensure you apply during standard business hours. You can also let us use the advanced bank verification system to check your bank’s information online. If you decide to upload copies of your bank statement, it will take a little longer.
We provide the loan amount between $5,000 to $500,000. When you submit an application for a certain amount, we look at a variety of elements for determining what is the well-being of your company and the amount of repayments that your company can support. The total amount of your loan will depend on the specifics the company.
When you make an application for a specific amount we consider a variety of aspects to assess how much we can lend you such as well-being that is your business and the amount of repayments that your business is able to afford. The total amount of your loan will be determined by the particulars for your business.
When you apply for our business loan, we’ll assess the risk assessment for your business and provide you with a customised offer, including the amount of loan, the term and interest rates. A business loan is a loan that is priced upfront so you will know in advance the total amount you will have to pay, including charges or interest.
Interest rates for business loans rates differ based on various factors like the amount of money that is borrowed, what business assets the money are used to purchase, the industry the company is operating in, how long the business has been operating for, what percentage of the company has enough cash flow to support the loan, and the general health and creditworthiness of the business.
There aren’t any hidden charges with our company loans. You’ll know precisely what you’ll be required to pay and when, starting from the 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 without any upfront costs or the obligation to take action.
The Origination Fee covers the costs associated with establishing and managing the loan. It is only charged for this fee if you proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of loan.
You may choose to pay back the entire amount of your loan at any point in time.
If you do decide to pursue this option, please speak to our friendly business loans specialists. They will provide you with the details of your repayment and an early payout figure. This will be calculated as the sum of the remaining principal amount and accrued interest to the date of early payout in addition to 1.5 percent of the principal remaining and any fees that remain unpaid.
To make sure that you don’t miss payment dates and to align your cash flow schedule, we offer repayments either daily or weekly. They will be automatically deducted from your nominated business account.
Making sure that your information is secure, and knowing the ways we gather the information we collect, use, share and ensure the security of your information is crucial and a vital part of our relationship with you.
Yes. We use industry recognised encryption standards to secure your personal, sensitive and financial data and our funders are ISO 27001 certified for our dedication to protecting the security of clients and security. We use an advanced bank verification system to instantly verify the bank account details online so we can provide a fast response.
Asset-based borrowing is when a company owner utilises the assets they have to get the funding. The asset can be an individual property, such as the family home or it could be a company property like a truck or piece or equipment.
The vast majority of the lenders even the big banks, tend to make loans secured by assets. If you’re having trouble paying back the loan, your asset may be offered for sale by the lender. In essence it’s the process of securing new financing by making use of the value of what you already own.
For loans of up to $150,000, the requirement for asset security is not required upfront to access the money however, we do need an individual guarantee. In the event that you fulfill the terms of your loan (as detailed in the loan contract) and you are able to meet your obligations, asset security is not needed. If you take out loans in excess of $150K generally, you are able to get a personal guarantee and security in the form the charge of assets.
Although we can’t help with an unsecure business loan in those industries, we might be able to help you with an secured business loan.
