A Kurrajong unsecured business loan is easy and quick to obtain. Apply for a loan quickly and begin using the money to grow your business.
What to expect:
The criteria for eligibility for an unsecured business loan within Kurrajong are fairly minimal.
Call Now 1300 540 208Requesting the business loan in Kurrajong with us is easy and takes just about a couple of minutes, there are no mountains of paperwork or queues.
Approved and receive funds in 1-2 company days.
Our purpose is to assist Kurrajong companies of all kinds, including medium, small and even soloprenuers to get access to funding fast so they can take advantage of loans to expand and grow.
The requirements for obtaining an unsecured business loan in Kurrajong of between $5K and $100K are fairly minimal.
Need more funds? Review the eligibility requirements for our $100K to $500K company loan.
The requirements for eligibility in larger Kurrajong company loans of between $100K and $500K include:
You are looking for a lesser amount of funds? Find out the conditions for eligibility for our $5K-$100K Kurrajong unsecured company loans.
A Kurrajong unsecured loan is perfect to use for any company need. Get in touch with us today.
Want to get started on one of these options as early as tomorrow? Contact us or send your application online for the quickjest fasted way.
All that’s required to begin is your contact details (the name of your company, your name, email address and phone) as well as the amount you’d like to lend, and your monthly income.
In the course of the process and before settlement we will require confirmation of your identity, but not before we can begin:
In addition, once we have started with loans that exceed $150,000, you’ll also need basic financial statements.
Let’s get started now.
With banks and traditional lenders increasing their credit requirements, the steady stream of alternative and non-bank loan providers entering the market offers an incredible source for you to access.
Kurrajong SME’s are now in a position to obtain finance via alternative lenders that service Kurrajong who are focused on facilitating business growth or smoothing cash flow issues. In the past, personal credit sources (drawing equity from a home loan, or using credit cards and personal loans as well as credit cards) was the sole alternative financing solutions available in Kurrajong that were around.
There is now an end to the need in the present to rely on the real estate market to secure business credit. With an unsecured loan, business funding is made simple. Instead of a traditional term loan from banks, business finance for an SME with interest rates and loan terms that help in cash flow are around as business credit options.
There are many advantages associated in separating personal from business debt.
Lower your risks, make tax time much easier. Get started with an unsecured busines loan. Get it today.
One big drawcard for keeping your personal and company assets apart is that your house does not have to be tied to the funds. For a modest business loan in Kurrajong up to $100K the security of assets won’t be required so long as the borrower is able to meet the loan requirements.
Businesses will be in a advantageous long-term situation if they can demonstrate good credit/debt capability.
Separating personal and company finances makes it more seamless in the event of tax time - particularly when determining the tax-deductible allocation. The IRD has laid out requirements for evidence to be able to claim deductions on an organisation’s tax return. This is a subject that the IRD has specifically advised on.
A well-organised cash flow management system is vital to the long-term survival that of any company. By keeping the personal financial and business finances separate, companies can easily view how they are performing, monitor and plan on the ability to effectively examine their cash flow.
Kurrajong unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 months and cash flow-friendly repayments that are either per day or weekly.
The application to get your Small Business Loan in under 10 minutes online or over the phone, receive an answer within the same day and the money could be available in just 24 hours. Traditional business loans refer to an annual interest rate along with other charges and fees. Our business loan is a pre-paid loan which means you be aware in advance of the total amount payable including any interest, fees or charges. This is then broken down into weekly or daily payment amount.
The Small Business Loan can be used for almost every company use, including managing cash flows, business renovations, marketing to purchase inventory, 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 amount of loan to help business growth opportunities. The loan ranges from $100,000 to $500,000 over a fixed term with a maximum of 36 months. The repayments are made weekly or fortnightly in order to accommodate the flow of cash.
The Larger Business Loan has an Origination Fee, calculated at 2.5% of the amount of the loan.
To be eligible for a credit in this amount the business needs to have been operating for a minimum of 3 years and have an annual turnover of $700,000. 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 to prove at least 12 months of trading.
A Business Loan of a larger size can be used for nearly every company reason, such as company renovations, to purchase new equipment or inventory or as general working capital and much more. The loan cannot be used for personal purposes.
Asset security is necessary to access funding over $150,000. This is as a result of an charge over assets, and could include the registration of this with the PPSR or the registration of as a caveat.
A director’s or personal guarantee is a commitment to repay credit that is generally in nature rather than stipulating security over a particular asset. The person signing the guarantee is personally responsible if the business the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including objects or assets). The PPSR allows the priority of personal property granted according to the date the registration of a security interest.
An affidavit is an official document filed to provide an official notice of a claim on a property.
When you’re applying for a Larger Business Loan that is greater than $250,000 it is possible to offer a preliminary pre-approval to help ease the process. We may be able to make this decision without a credit verification and within six hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering a few financial well-being questions. This is not an offer of credit or guarantee of financing. Unconditional approval is subject to a full credit assessment and any offer that you receive could have different terms.
You may be eligible for an business loan if you
The application process is simple and easy. Just fill out the online application within a couple minutes, and a dedicated company loan specialist will call you to assist you.
To be eligible for up to $100,000, you’ll require identification details (valid Driver’s License) as well as an active NZBN/IRD, and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K to $250K: Application details including credit consent, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Details of the application, including credit consent, 12 months of bank statements, IRD statement as well as the two most recent years’ financial statements, as well as interim financials from the current financial year as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K or more) we typically offer an answer in just one hour if you submit your request in standard company hours and let us utilise the bank verification system to immediately verify your bank account information online. If you decide to send us copies of your bank statements , we are able to provide the decision in as little as one company day.
For the Larger Business Loan ($100K to $500K) we could be likely to offer the conditional pre-approval in around six hours. Once you’ve signed the pre-approval form, it will take around 2-3 days for final approval, however this may be quicker depending on the specifics of each application. Some deals have been approved in 24 hours.
The fastest way for you to apply is ensure you apply during normal business hours, and permit us to use the advanced bank verification system link to verify your bank information online. If you opt to send us duplicates of your banking statement, it can take a bit longer.
For the Small Business Loan ($5K up to $100,000) we usually offer an answer within one hour – provided you make your application in standard business hours and let us use the advanced bank verification system link to instantly verify your bank’s information online. If you decide to upload copies of your banking statements we can offer the decision in just one business day.
If you are applying for Larger Business Loans ($100K and up) we may be able to offer you with a conditional pre-approval within 6 hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval. However, this may be quicker depending on the circumstances of each application. Some deals have been approved within less than 24 hours.
The most efficient method can be make sure you apply during standard business hours, and allow us to use the modern bank verification to confirm your bank details online. If you send us duplicates of your banking accounts, it may take a bit longer.
We provide loans ranging from $5,000 and $500,000. If you apply for a specific amount we consider a variety of factors to determine what is the well-being for your business and the amount of payments your company will be able to support. The total amount of your loan will be contingent on the specifics that are unique to your business.
When you apply for a certain amount, we consider a variety of factors to assess your health of your business and the amount of repayments your business can support. The amount you receive from the loan will be determined by the specific circumstances that are unique to your business.
If you decide to make an application for one of our company credit, we will assess the risk profile of your company and provide an individualised offer that includes loan amount, term and interest rates. The business loan is an upfront cost loan and you’ll be aware of the total amount payable including any charges or interest.
Business loan interest rates vary due to factors like the amount of money that is borrowed, what company assets the money are used to purchase, the industry the company is in, how long the company has been running and how long the business has enough cash flow to cover the loan, as well as the overall well-being or creditworthiness of the company.
There are no hidden costs for our business loans. You’ll know exactly how much you’ll be required to pay, and at what time, from day one. There’s no compounding interest, and no extra fees (as long as you make your payments in time).
We do not charge an Application Fee. You can apply for a loan absolutely no upfront cost and no obligation to proceed.
The Origination Fee covers the expenses involved with setting up and managing the loan. You are only charged this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of loan.
You can repay all of your loan at any point in time.
If you are deciding to do this please speak to our friendly business loans professionals. They will offer you with repayment details as well as an early payout amount. The figure will be calculated as the sum of the principal balance and any accrued interest at the date of early payout in addition to 1.5% of the principal remaining and any outstanding fees.
To make sure you do not miss payment dates and to align your cash flow schedule, we offer repayments either daily or weekly. They are automatically deducted from your business 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 protect your information, is of paramount importance and an integral aspect of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 qualified for our dedication to protecting the security of customers and privacy. We use an advanced banking verification system to immediately verify the bank account details online so we can offer quick responses.
Asset-based borrowing is when a business owner utilises an asset that they own to obtain a loan. The asset can be an individual asset, such as the family home or an business asset like a truck as well as a piece of machine.
The majority of banks, including the largest banks, are inclined to guarantee loans against assets. If you’re having trouble paying back the loan then your asset may be sold by the lender. In essence, it’s an opportunity to secure additional financing taking advantage of the value of what you already have.
For loans of up to $150,000, no asset security is required before you can access the money However, we require a personal guarantee. require a personal guarantee. If you adhere to your loan commitments (as stated in the loan contract) the security of assets is not required. If you take out loans in excess of $150K generally, you can get an individual guarantee and security in the form of the charge of assets.
Although we cannot assist with an unsecured business loan for these industries, we may be able to assist by providing an secured business loan.
