A The Rocks unsecured business loan is simple and quick to apply for. Request a quick approval and use the money for your company.
What to expect:
The eligibility requirements for an unsecured business loan within The Rocks are fairly minimal.
Call Now 1300 540 208Applying for business loans in The Rocks business credit within The Rocks with us is easy and takes just about a couple of minutes, there are no lengthy forms or lines.
Be approved and receive your cash within 1-2 business days.
Our goal is to assist The Rocks companies of all sorts small, medium even solopreneurs access quick funding so that they can use the loan to grow and build.
The eligibility requirements for an unsecured business loan in The Rocks of between $5K and $100K are pretty minimal.
Looking for more funding? Check out the eligibility requirements for our $100K-$500K business loan.
The criteria to be eligible in larger The Rocks company loans of between $100K and $500K consist of:
Looking for a smaller amount of funding? Check out the conditions for eligibility for our $5K to $100K The Rocks unsecured business loans.
A The Rocks unsecured loan is ideal for virtually every company purpose. Contact us now.
Are you looking to start one of these as soon as tomorrow? So, contact us or apply online now to apply the fastest, most convenient way.
All that is needed to begin is your contact details (the name of your company and your name, as well as email or phone number) along with the amount you’d like to borrow, and your monthly earnings.
While in the process and before settlement we will require confirmation of your identity but not for starting:
In addition, once we have started, for loans that exceed $150,000, you will also need the following financial statements:
Let’s get started now.
With banks and traditional lenders tightening their credit terms and the constant stream of alternative and non-bank loan providers entering the market provides an excellent source for you to tap into.
The Rocks SME’s are now in a position to obtain finance via alternate lenders servicing The Rocks who are focused on enabling company expansion or smoothing cash flow challenges. The past was when individual credit providers (drawing equity from a home loan or credit cards, personal loans and overdrafts) were the only alternative financing solutions within The Rocks that were available.
There’s an end to the requirement to rely on using real estate to secure business lending. With an unsecured loan, business financing is easy. Instead of a loan for a term with banks, business finance for an SME with interest rates and loan terms that help to manage cash flow are available as business loans.
There are numerous benefits in separating personal from business debt.
Reduce your risk, and make tax times much easier. Get started with an unsecure company loan. Get it today.
One big drawcard for keeping your private and business assets separate will be the fact that your house isn’t required to be tied to allow access to the funds. In the case of a business loan within The Rocks up to $100K the security of assets won’t be required so in the event that the borrower has met the loan requirements.
Companies are in a stable long-term position when they are able to demonstrate credit/debt capacity to pay.
Separating personal and business finances makes it much more straightforward in the event of tax time, especially when it comes to determining the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has set out the guidelines for the documentation required to claim deductions on an individual’s tax return. This is an area where the IRD has specifically advised on.
Effective cash flow management is key for the long-term success that of any company. Through keeping the personal financial and company finances distinct, companies can easily view, monitor and plan based on the ability to effectively examine their cash flow.
The Rocks unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow-friendly repayments that are either daily or weekly.
The application to this Small Business Loan in under 10 minutes online or on the phone. You’ll receive an immediate response, and the money could be available in just 24 hours. Traditional company loans reference an interest rate per annum plus other fees and charges. This business loan is a loan that is priced upfront which means you be aware of the total amount payable including the interest, fees and charges. This is then broken down into a daily or weekly amount to be paid back.
The Small Business Loan can be used for nearly every company need, such as control of cash flow business improvements, advertising to purchase inventory or new equipment, or as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans are between $100,000 and $500,000 with a fixed-term for up to 36 months. Repayments are either weekly or fortnightly to work with your situation.
A Larger Business Loan has an Origination Fee that is determined at 2.5 percent of the loan amount.
To be eligible for a loan in this amount the company needs to be in operation for at least 3 years with an annual turnover of at least $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.
A Business Loan of a larger size can be used to fund almost all company purpose including business renovations, purchase of 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 to access funding over $150,000. This can be done as a result of an charge against assets and can include registration with the PPSR or registering a caveat.
A personal or director’s ensure is a guarantee to repay a loan which is general in nature, rather than defining the security of a specific asset. The person who is signing the ensure is personally responsible if the business borrower is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It contains security interests granted to individuals who own personal property (including objects or assets). The PPSR grants preference over private property assigned according to the date a registration of a security interest.
A caveat is a legal document filed to offer the legal claim to a property.
When you’re applying for an enterprise loan that exceeds $250K, we may offer an initial pre-approval that will help make the process. We may be able to apply for this without a credit verification and within 6 hours of the initial application. The pre-approval process is based on an initial evaluation that involves you answering some financial well-being checks. It is in no way an offer, nor is it a guarantee of credit. Acceptance without condition is subject to an assessment of your creditworthiness and any offer that you may receive may be on different terms.
You may apply for an business loan if you:
The application process is simple and easy. Simply complete the online form within a couple minutes, and an experienced company credit specialist will call you to help you.
For a loan of up to $100,000, you’ll require identification details (valid Driver’s Licence) along with an NZBN/IRD that is valid and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K – $250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K-$500K: Information on the application including credit consent as well as 12 months bank statement, an IRD statement Last 2 years’ finalised financial statements, plus interim financials for the current financial year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K and up) we can often provide an answer within one hour, provided you submit your request during quality business hours and you allow us to utilise the advanced bank verification system link to instantly verify your bank details online. If you decide to upload copies of your banking statements we can offer the decision in just 1 business day.
For the Larger Business Loan ($100K to $500K) we could be in a position to provide the conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval, however this may be quicker depending on the specifics of each application. Certain offers have been approved within the space of 24 hours.
The most efficient method for you to apply is ensure you apply during standard company hours. You can also let us use the advance bank verification link to instantly verify your bank account information online. If you decide to upload copies of your bank accounts, it takes a bit longer.
For the Small Business Loan ($5K and up) we can often offer an answer within one hour if you make your application during standard business time and you allow us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you opt to send us copies of your bank statement, we’ll offer the decision in just the span of one business day.
If you are applying for Larger Business Loans ($100K or more) we may be likely to provide you with a conditional pre-approval in about six hours. Once you’ve signed your pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, it could be faster based on the specifics of each application. Certain transactions have received approval in just 24 hours.
The most effective method for you to apply is ensure you apply during standard business hours. You can also allow us to use our modern bank verification to verify your bank information online. If you send us documents from your account statements, it will take a little longer.
We offer loans ranging from $5,000 and $500,000. When you make an application for a particular amount, we take into consideration a range of aspects that determine what is the well-being that is your company and the level of repayments your company can afford. The amount you receive from your loan will depend on the specifics the business.
When you submit an application for a certain amount, we look at a range of aspects to determine how much we can lend you such as well-being for your business as well as the amount of the repayments your company is able to afford. The total amount of the loan will be determined by the particulars of your company.
When you apply for the company loan, we will assess the risk assessment the company and offer you with a customised offer including the amount of loan, the term and the interest rates. The company loan is an upfront priced loan so you will know in advance the total amount you will have to pay, including interest rates, fees or charges.
Business loan interest rates depend on several factors including the amount borrowed, the company assets the money will be used for in addition to the industry that the business is in, how long the business has been operating, what percentage of the company has sufficient cash flow to cover the loan, and the overall well-being as well as creditworthiness company.
There aren’t any hidden costs for our business loans, and you’ll know precisely how much you be required to pay and when, starting from the day you sign up. There’s no compounding interest and the loan comes with 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 absolutely no upfront cost and no any obligation to sign up.
The Origination Fee includes the expenses associated with setting up and managing the loan. It is only charged for this fee if you decide to take the loan. The Origination Fee for us is 2.5% of the amount of the loan.
You can repay the total amount of your loan at any point in time.
If you are deciding to take this route, please talk to one of our helpful business credit experts. The specialists will provide 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 date of early payout plus 1.5% of the principal amount remaining as well as any outstanding fees.
To help you avoid missing due dates and also to be in line your cash flow cycle we provide payments that are either daily or weekly. They will be automatically deducted from your designated business account.
Protecting your information, and making it clear the ways we gather information, use it, and exchange it, as well as protect your information, is vital and is an essential part of our relationship with you.
Yes. We utilise industry-recognised encryption standards to protect your sensitive, personal financial information and our funders are ISO 27001 certified for our dedication to customer security and privacy. We make use of an advanced bank verification system to immediately verify the bank account details online to provide a fast response.
The term "asset-based" refers to borrowing where the company owner makes use of the assets they have to get the funds for a loan. The asset could be an individual asset, such as the family home or it could be a business property like a truck or piece or equipment.
The vast majority of the lenders including the major banks, prefer to secure loans against assets. If you’re struggling to pay back the loan, then the asset might be taken over by the lender. In essence, it is an opportunity to secure new funding making use of the value of what you already have.
For loans that exceed $150K, there is no requirement for asset security before you can access the money but we do need a personal guarantee. In the event that you fulfill your loan obligations (as stated in your loan contract) the security of assets is not needed. For loans that exceed $150,000, typically, you will need the option of a personal ensure and security is provided in the form of an asset charge.
While we aren’t able to help with an unsecured business loan for these industries, we may be able to assist with an secured business loan.
