A Riverstone unsecured business loan is simple and quick in applying for. Apply for a loan quickly and start using the funds for your company.
You can expect:
The conditions for eligibility for an unsecured business loan in Riverstone are fairly minimal.
Call Now 1300 540 208Applying for an company loans within Riverstone with us is easy and takes only about a couple of minutes, there are no lengthy forms or lines.
Be approved and receive your cash within 1 to 2 business days.
We aim to help Riverstone businesses of all kinds, including medium, small and even soloprenuers to get access to funding fast so they can use the loan to expand and grow.
The criteria for eligibility for an unsecured business loan in Riverstone of between $5K and $100K are fairly minimal.
Need more funds? Find out the guidelines for eligibility for our $100K-$500K business credit.
The eligibility requirements for the larger Riverstone company loans of between $100K and $500K include:
Do you need a smaller amount of capital? Take a look at the guidelines for eligibility for our $5K-$100K Riverstone unsecured company loans.
A Riverstone unsecured loan is great for virtually any company need. Call us now.
Are you looking to start one of these options as early as tomorrow? Contact us now or apply online to get the fastest and most efficient process.
All you need to get started is your contact details (the name of your company, your name, email address or phone number), how much you’d like to borrow and your monthly income.
While in the process and before settlement we will need confirmation of your identity, but not to get started:
Additionally after we get started in the process, for loans of more than $150,000 you’ll also require the following financial statements:
Let’s get started.
In the wake of traditional lenders and banks tightening credit conditions The steady flow of non-bank and alternative loan providers that are entering the market provides an incredible source for you to access.
Riverstone SME’s are now being able to get finance from alternative lenders that service Riverstone who are focused on facilitating company expansion or smoothing problems with cash flow. In the past, personal credit sources (drawing equity from a house loan, or using credit cards and personal loans as well as the overdraft) was the sole alternative funding services within Riverstone that were around.
There is now there is no requirement to rely on using real estate to secure company loan. With an unsecured loan, business financing is easy. Instead of a loan for a term with banks, business finance for a small business with interest rates and loan terms that can help in cash flow are around as business lending options.
There are many advantages associated by separating personal and business debt.
Lower your risks, and make tax times more simple, apply for an unsecure busines loan. Get it today.
One of the main benefits of keeping your business and personal company assets apart can be that your house does not have to be tied for access to the money. For a small business loan in Riverstone up to $100K, asset security will not be required as long as the borrower is able to meet the loan requirements.
Businesses are in a more favourable long-term position if they can demonstrate good credit/debt serviceability.
A separation between personal and company finances makes it significantly more straightforward with regards to tax time, particularly when identifying what is the tax-deductible allocation. The IRD has outlined the guidelines on the proof required in order to deduct deductions from a company’s tax return. This is an area where the IRD has specifically advised on.
Effective cash flow management is essential to the long-term survival that of any company. Through maintaining personal as well as business finances separate, businesses can easily view, monitor and plan based on the ability to effectively assess their cash flow position.
Riverstone unsecured loans provides the range of $5,000 to $100,000, with terms ranging from 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.
You can apply to get the Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an instant response and the money could be in your account in 24 hours. Traditional business loans have an annual interest rate as well as other fees and charges. Our business loan is an upfront priced loan which means you be aware in advance of the total amount to be paid, including any fees, interest or charges. This is then broken down into a daily or weekly amount to be paid back.
A Small Business Loan can be used for nearly every business use, including the management of cash flow, business renovations, marketing to purchase inventory or new equipment, for general working capital and so much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. Loans are between $100,000 and $500,000 over a fixed term up to 36 months. Repayments are scheduled weekly or fortnightly depending on the flow of cash.
It is important to note that the Larger Business Loan has an Origination Fee, calculated at 2.5% of the loan amount.
To be eligible for a loan that is this large, your company needs to be in operation for at least 3 years with an annual turnover of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand business (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A Larger Business Loan can be used for nearly every company need, including company remodeling, buying new equipment or inventory as well as for general working capital and so much more. The loan is not available for personal use.
Asset security is necessary for funding of more than $150,000. This can be done as a result of an charge against assets and can be registered through the PPSR or filing a caveat.
A personal or director’s ensure is a promise to repay a loan which is general in nature rather than stipulating the security of a specific asset. The person who signs the guarantee is personally liable if the business borrower is unable to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It lists security interests that are registered in respect of personal property (including the assets or goods). The PPSR grants priority over personal property to be assigned according to the date the security interest was registered.
An affidavit is an official document that is filed to provide notice of a legal claim on a property.
When you’re applying for the Larger Business Loan of more than $250,000, we may offer an initial pre-approval to simplify the process. We may be able to get this done without credit checks and within 6 hours of your initial application. The pre-approval is based upon a preliminary assessment which includes you answering some financial well-being questions. This is not an offer of credit or guarantee of finance. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer that you might receive could have different conditions.
You can apply for a business loan if you;
The application process is simple and simple. Just fill out the online application in just a few minutes, and an experienced business loan specialist will call you to guide you through the process.
To apply for up to $100,000, you’ll need proof of identity (valid Driver’s License), a valid NZBN/IRD and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K – $250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Application details including credit consent twelve months of bank records, IRD statements, last 2 years finalised financial statements, and interim current financial year financials as well as Aged Payables and Receivables summary.
For an unsecured loan ($5K or more) We can usually provide an answer within an hour, provided you apply within quality company timings and you allow us to use the advanced bank verification system to instantly verify your bank’s information online. If you want to submit copies of your bank statements we can provide an answer within just 1 business day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we could be likely to provide the conditional pre-approval in about six hours. After you’ve signed your pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this could be shorter based on the circumstances of each application. Some agreements have been approved in the space of 24 hours.
The quickest method is to ensure you apply during normal business hours and allow us to use the advance bank verification to instantly verify your bank account information online. If you opt to send us the copies of bank statement, it will take a little longer.
For the Small Business Loan ($5K up to $100,000) we typically offer a response in one hour if you submit your request during normal business hours and you allow us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you choose to upload copies of your bank statements, we’ll be able to provide an answer in just the span of one business day.
If you are applying for Larger Business Loans ($100K to $500K) we could be able to offer the conditional pre-approval in around six hours. After you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this may be quicker depending upon the circumstances for each application. Some offers have been approved within the space of 24 hours.
The most effective method is to ensure you apply during standard business hours and let us use the advanced bank verification system to instantly verify your bank account information online. If you opt to send us copies of your bank statements, it may take a bit longer.
We offer loan amounts between $5,000 to $500,000. If you apply for a certain amount we consider a variety of aspects for determining what is the well-being of your business and the level of repayments that your business can support. The total amount of your loan will depend on the specifics of your company.
When you submit an application for a certain amount, we look at a range of aspects to determine the health for your business and the extent of the repayments your company can afford. The total amount of the loan will be determined by the particulars for your company.
If you decide to make an application for business loans with us company loans, we’ll assess the risk assessment for your company and provide you with a customised offer that includes the amount of loan, the term and interest rates. A business loan is a loan that is priced upfront and you’ll know the exact amount payable including any interest rates, fees or charges.
The interest rates on company loans rates depend on several factors such as the amount that is borrowed, the company assets the funds are used to purchase as well as the field the business is in, how long the business has been in operation as well as whether the business has enough cash flow to support the loan, and overall well-being and creditworthiness of the company.
There aren’t any hidden costs with our company loans. You’ll know exactly how much you need to pay, and when, right from the day you sign up. There’s no compounding and no additional fees (as as you make your payments punctually).
We do not charge an application fee. You are able to request a credit loan with with no upfront cost or the obligation to take action.
The Origination Fee covers the expenses involved with establishing and managing the loan. The only way to pay this cost if you take out the loan. Our Origination Fee is 2.5% of the loan amount.
You can repay the entire amount of the advance loan at any time.
If you decide to take this route, please talk to one of our helpful business loans specialists. They’ll offer you with the details of your repayment as well as an early payout amount. The figure will be calculated as the sum of the principal remaining and accrued interest to the time of early payment and 1.5 percent of the principal amount remaining plus any outstanding fees.
To make sure you do not miss payment dates and to align your cash flow cycle we provide payments that are either weekly or daily. They are automatically deducted from your company account.
Making sure that your information is secure, and being upfront about 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 techniques to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our commitment to protecting the security of customers and privacy. We make use of an advanced bank verification system to instantly verify your bank account details online. This allows us to offer rapid response.
An asset-based loan is when the company owner makes use of assets they own to make the funds for a loan. The asset can be an asset belonging to the personal, like the family home or a business asset like a truck or other piece of machinery.
The majority of the lenders not just the big banks, tend to secure loans against an asset. If you’re struggling to pay back the loan then your asset may be sold by the lender. In essence it’s a way of securing new funding using the value of what you already own.
For loans of up to $150,000, it is not necessary to secure assets prior to the loan’s access however, we do need an individual guarantee. In the event that you fulfill the loan terms (as detailed in your loan contract) and you are able to meet your obligations, asset security is not required. For loans over $150,000 generally there is the option of a personal ensure and security in the form of charges on assets.
Although we cannot assist with an unsecure business loan in these types of industries, we may be able to help you with secured business loan.
