A Loftus unsecured business loan is quick and simple to apply for. Approve your loan in a matter of minutes and start using the funds to grow your company.
What to expect:
The conditions for eligibility for an unsecured business loan to be made in Loftus are fairly minimal.
Call Now 1300 540 208The process of applying for business loans in Loftus company financing within Loftus with us is easy and takes just about a couple of minutes, there are no lengthy forms or lines.
Approved and receive funds within one to two company days.
We want to assist Loftus companies of all kinds, from small to medium-sized solopreneurs to access quick funding so that they can use the loan to build and expand their business.
The criteria for eligibility for an unsecured business loan in Loftus of between $5K and $100K is fairly low.
Looking for more funding? Find out the conditions of eligibility for our $100K to $500K company credit.
The criteria to be eligible for the larger Loftus company loans of between $100K and $500K consist of:
Are you looking for a lower amount of capital? Take a look at the eligibility requirements for our $5K-$100K Loftus unsecured business loans.
A Loftus unsecured loan is perfect for virtually any company use. Talk to us today.
Do you want to start working on one of these as soon as tomorrow? Then get in touch with us today or send an application online for the quickjest fasted way.
All that is needed to start is your contact information (the name of your company, your name, email or phone number) and the amount you’d like to lend, and your monthly income.
Through the process and before settlement we’ll need confirmation of your identity, but not for starting:
Once we’ve started, for loans that exceed $150,000, you’ll require fundamental financial statements:
Let’s get started now.
With banks and traditional lenders tightening credit conditions and the constant stream of alternative and non-bank loan providers entering the market provides a great resource for you to tap into.
Loftus SME’s are now being able to get finance from alternate lenders servicing Loftus who are focused on facilitating business expansion or smoothing the cash flow problems. In the past, personal credit sources (drawing equity from the house loan, or by using credit cards in addition to personal loans and the overdraft) could be the best alternative funding solutions in Loftus that were around.
There’s no requirement of having to rely on using real estate to secure company credit. With an unsecured loan business financing is easy. Instead of a term loan through banks, business finance for an SME with interest rates and loan terms that help with cash flow is available as business credit options.
There are many advantages associated with the separation of personal and company debt.
Reduce your risk, make the tax process more simple, apply for an unsecured busines loan. Apply today.
The main benefit of keeping your business and personal company assets separate is that your home does not have to be tied to the funds. In the case of a business loan within Loftus up to $100K an asset security agreement will not be required as long as the borrower meets the loan requirements.
Companies are in a favourable long-term position if they can show good credit and debt serviceability.
The separation of personal as well as business financial accounts makes it more seamless when it comes to tax time - particularly when determining the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has outlined the guidelines for the documentation required to claim deductions on the tax return of a company. This is an area where the IRD has advised specifically on.
Effective cash flow management is key for the long-term survival in any business. By keeping your personal finances and business finances distinct, companies can easily view how they are performing, monitor and plan on the ability to clearly evaluate their cash flow situation.
Loftus unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow-friendly repayments that are either daily or weekly.
The application to your Small Business Loan in under 10 minutes online or by phone. You will receive an immediate response, and funds may be available in just 24 hours. Traditional business loans refer to an annual interest rate along with other charges and fees. The business loan is an upfront priced loan therefore you’ll be aware of the total amount due, which includes the interest, fees and charges. This is then divided into a daily or weekly installment amount.
It is a Small Business Loan can be used for virtually any company need, such as the management of cash flow, company renovations, marketing to purchase inventory, new equipment, to fund general working capital and 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 business growth opportunities. The loan ranges from $100,000 to $500,000 over a fixed term up to 36 months. Repayments are either weekly or fortnightly depending on your situation.
A Larger Business Loan has an Origination Fee, determined at 2.5 percentage of the loan amount.
To qualify for a loan of this size, your business needs to be in operation for at least 3 years with an annual turnover of $700K. It is necessary to be 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 prove at least 12 months of trading.
A larger company loan can be used for almost any business purpose including company renovations, to purchase equipment or inventory as well as for general working capital and so much more. The loan cannot be used for personal purposes.
Asset security is needed to obtain funding above $150,000. This can be done in the form of a charge against assets, which could also include registering this on the PPSR or registering as a caveat.
A personal or director’s ensure is a commitment to repay a loan which is generally based rather than defining security over an asset. The person signing the ensure is personally liable in the event that the company creditor is unable 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 objects or assets). The PPSR gives preference over private property assigned according to the date a security interest that is registered.
The caveat can be described as a formal document lodged to provide the legal claim on a property.
If you’re seeking larger business loans that exceeds $250,000, we may offer an initial pre-approval to smooth out the process. We may be able to do this without a credit check and within 6 hours of your initial application. The pre-approval process is based on an initial evaluation that involves you answering some financial well-being checks. It’s not an offer of credit or guarantee of funds. Acceptance without condition is subject to an extensive credit evaluation and any offer that you might receive could be on different conditions.
You can apply for a company loan if you;
The application process is quick and easy. Just complete the online application within a couple minutes, and a dedicated company loan specialist will be in touch to guide you through the process.
To be eligible for up to $100,000, you’ll need identification details (valid Driver’s License) along with an active NZBN/IRD, and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K to $250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K-$500K: Application details including credit consent, 12 months of bank records, IRD statements, last 2 years finalised financial statements, as well as interim financials from the current financial year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K and up) we usually provide an answer within one hour – as long as you submit your request at quality business times and permit us to use the advanced bank verification system link to instantly verify your bank’s information online. If you choose to upload copies of your banking statements we can provide an answer within just one company day.
If you are applying for a Larger Business Loan ($100K or more) we may be able to provide the conditional pre-approval in about 6 hours. After you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this may be quicker depending upon the circumstances for each application. Certain offers have been approved in 24 hours.
The most effective method would be to ensure you apply during normal business hours. You can also permit us to use the advanced bank verification system link to check your bank’s information online. If you opt to send us duplicates of your banking statements , it will take a little longer.
For the Small Business Loan ($5K or more) we typically offer an answer in just one hour if you apply in standard business timings and allow us to use the advanced bank verification system link to immediately verify your bank account information online. If you choose to submit copies of your bank statement, we’ll offer the decision in just the span of one business day.
For the Larger Business Loans ($100K or more) we could be in a position to offer you with conditional pre-approval in about six hours. Once you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, it could be faster based on the specifics of each application. Some deals have been approved in less than 24 hours.
The fastest method for you to apply is ensure you apply during standard business hours, and permit us to use the modern bank verification link to instantly verify your bank account information online. If you choose to send us the copies of bank statements it will take a little longer.
We offer loans ranging from $5,000 and $500,000. When you make an application for a certain amount we will consider a number of factors that determine what is the well-being for your business and the amount of repayments that your business will be able to support. The total amount of the loan will be determined by the specific circumstances of your business.
When you apply for a specific amount we take into consideration a variety of elements to assess your health of your company as well as the amount of repayments that your business is able to afford. The amount you receive from your loan will depend on the particulars for your company.
If you decide to apply for our business financing, we will assess the risk assessment the business and provide you with a customised proposal that includes the amount of the loan, the duration and interest rates. It is a business loan is an upfront cost loan so you will be aware of the total amount you will have to pay, including charges or interest.
Interest rates for business loans rates vary due to factors including the amount borrowed, the company assets the funds will be used for as well as the field the company is in, how long the business has been in operation for, how long the business has sufficient cash flow to fund the loan, and the general well-being as well as creditworthiness business.
There are no hidden fees with our company loans. You’ll be aware of the amount you’ll be required to pay, and when, from the very first day. There’s no compounding interest and the loan comes with no additional fees (as long as you are able to make your payments punctually).
We don’t charge an Application Fee. You are able to get a cash loan with absolutely no upfront cost and no any obligation to sign up.
The Origination Fee covers the costs associated with the setting up and management of the loan. The only way to pay this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.
You may choose to pay back the total amount of your advance loan at any time.
If you decide to pursue this option, please call our helpful company credit experts. They will offer you with details on repayment along with an early payout estimate. This is calculated as the sum of the remaining principal amount plus any accrued interest as of the time of early payout in addition to 1.5 percent of the remaining principal and any outstanding fees.
To make sure that you don’t miss repayments and to fit in your cash flow schedule, we provide payments that are either weekly or daily. They will be automatically deducted from your business account.
Protecting your information, and being clear about the ways we gather the information we collect, use, share and protect your information, is of paramount importance and is an essential part of our relationship with you.
Yes. We use industry recognised encryption techniques to protect your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our commitment to security for our customers and security. We make use of an advanced banking verification system to instantly confirm your bank account information online to provide quick responses.
Asset-based borrowing occurs when a business owner makes use of the assets they have to obtain a loan. The asset can be either an individual asset, such as the family home, or it could be a business asset like a truck or piece or equipment.
The vast majority of lending institutions, even the big banks, tend to secure loans against an asset. If you’re struggling to pay back the loan, then the asset could be offered for sale by the lender. In essence it is an opportunity to secure additional financing making use of the value of what you already own.
Up to $150,000 in loans there is no requirement for asset security prior to the loan’s access but we do require the personal guarantee. If you adhere to your loan commitments (as stated in the loan contract) the security of assets is not needed. For loans over $150,000 generally, you are able to get an individual guarantee and security in the form of an asset charge.
We can’t assist with an unsecured business loan for these industries, we may be able to help you with the secured business loan.
