A Birkenhead unsecured business loan is simple and quick in applying for. Get a quick apporval and use the money to grow your company.
What to expect:
The criteria for eligibility for an unsecured business loan to be made in Birkenhead are fairly minimal.
Call Now 1300 931 922Making an application for business loans in Birkenhead business credit in Birkenhead with us is simple and only takes about a couple of minutes, there are no lengthy forms or lines.
Approved and receive funds in 1-2 business days.
We aim to help Birkenhead businesses of all kinds, from small to medium-sized entrepreneurs to obtain quick funding so that they can use the loan to expand and develop.
The eligibility requirements for an unsecured business loan in Birkenhead of between $5K to $100K are quite minimal.
Do you need more money? Review the guidelines for eligibility for our $100K to $500K business credit.
The criteria for eligibility in larger Birkenhead company loans of between $100K and $500K consist of:
You are looking for a lesser amount of funding? Take a look at the conditions for eligibility for our $5K to $100K Birkenhead unsecured company loans.
A Birkenhead unsecured loan is ideal for nearly every business reason. Contact us now.
Do you want to start working on one of these as soon as tomorrow? So, contact us or apply online now to apply the fastest, most convenient way.
All you need to start is your contact information (the name of your company, your name, email and phone) and the amount you’d like to borrow and your monthly income.
During the process and before settlement we’ll require confirmation of your identity, however, not in order to begin:
Once we’ve started in the process, for loans over $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 and the constant stream of alternative and non-bank loan providers entering the market offers an excellent source to make use of.
Birkenhead SME’s are now being able to get finance from other lenders in Birkenhead who are focused on facilitating company expansion or smoothing the cash flow problems. In the past, when the personal sources of credit (drawing equity from a house loan or credit cards in addition to personal loans and overdrafts) were the only alternative financing solutions within Birkenhead that were available.
There’s there is no requirement to rely on real estate to secure business lending. 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 available as business credit options.
There are numerous benefits with the separation of personal and business debt.
Limit your exposure, make tax time more simple, apply for an unsecure loan for business, apply today.
One of the main benefits of keeping your private and company assets separate can be that your house isn’t required to be tied to access the funds. If you’re looking for a small business loan in Birkenhead up to $100K asset security won’t be needed as long as the borrower meets the loan requirements.
Businesses are in a more stable long-term position when they can demonstrate good credit/debt capacity to pay.
A separation between personal and company finances makes it much more seamless in the event of tax time - especially when it comes to determining the tax-deductible allocation. The IRD has outlined the requirements for evidence for claiming deductions on a company’s tax return. This is an area that the IRD has specifically advised on.
A well-organised cash flow management system is key for the longevity of any company. By maintaining personal as well as company finances separate, companies can easily view their cash flow, plan and monitor it based on the ability to clearly evaluate their cash flow situation.
Birkenhead unsecured loans provides amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow-friendly repayments that are either daily or weekly.
You can apply for your Small Business Loan in under 10 minutes over the phone. You’ll get an answer within the same day and the funds could be on your account within 24 hours. Traditional business loans refer to an interest rate per annum as well as other fees and charges. The company loan is a cash-based loan so you will 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.
A Small Business Loan can be used for nearly any company purpose including cash flow management, company remodels and marketing for purchasing inventory or new equipment, for general working capital, and much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger loan size to support business growth opportunities. The loan ranges from $100,000 to $500,000 with a term fixed for up to 36 months. Repayments are either weekly or fortnightly depending on you cashflow.
It is important to note that the Larger Business Loan has an Origination Fee, which is determined at 2.5 percentage of the amount of the loan.
To be eligible for a loan of this size the company needs to be operating for at least three years with an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own 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 to fund almost all company purpose including company improvements, purchasing equipment or inventory, as general working capital and so much more. The loan is not available for personal reasons.
Asset security is necessary to obtain funding above $150,000. This is in the form of a charge on assets, and may include registering this in the PPSR or making as a caveat.
A personal or director’s guarantee is a promise to repay a loan which is general in nature rather than stipulating security over an asset. The person who is signing the ensure is personally liable if the company borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It contains security interests which are registered with respect to personal property (including the assets or goods). The PPSR permits the priority of personal property assigned in accordance with the date on which a security interest that is registered.
An affidavit is an official form of document to provide notice of a legal claim to property.
If you’re seeking a Larger Business Loan that is greater than $250,000, we may offer an initial pre-approval that will help ease the process. We could be able to do this without a credit verification and within 6 hours of your initial application. This pre-approval is made based on an initial assessment, which involves you answering a few financial health checks. It is not an offer of credit or guarantee of finance. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer you may receive may be based on different conditions.
You may apply for an company loan if you
The application process is fast and simple. Just fill out the online application within a couple minutes, and a dedicated company credit specialist will be in touch to guide you through the process.
To apply for up to $100,000, you’ll need identification details (valid Driver’s Licence) along with a valid NZBN/IRD and at least six months of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K to $250K: Application requirements, including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Application details including credit consent and 12 month bank accounts, the IRD statements, last 2 years finalised financial statements, as well as interim financials from the current financial year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K up to $100,000) we typically offer a response in one hour – as long as you apply at quality business timings and allow us to utilise the bank verification system link to instantly verify your bank details online. If you opt to send us copies of your bank statements , we are able to offer a decision in just 1 company day.
If you are applying for a Larger Business Loan ($100K or more) we could be in a position to provide you with a conditional pre-approval in about 6 hours. Once you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval, however this can be quicker based on the circumstances of each application. Certain offers have been approved within 24 hours.
The most efficient method would be to ensure you apply during standard business hours. Also, allow us to use our advanced bank verification system to instantly check your bank’s information online. If you opt to upload duplicates of your banking accounts, it will take a little longer.
For the Small Business Loan ($5K up to $100,000) we usually provide a response in one hour – provided you apply at standard business times and you allow us to use 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 provide an answer in just 1 business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we could be likely to provide you with a conditional pre-approval within 6 hours. Once you’ve signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval. However, this may be quicker depending on the specifics of each application. Certain deals have been approved within less than 24 hours.
The quickest method would be to ensure you apply during normal business hours and permit us to use the advance bank verification link to verify your bank account information online. If you decide to upload documents from your account statements, it can take a bit longer.
We provide loans that range from $5,000 and $500,000. If you apply for a certain amount, we will consider a number of aspects for determining how much we can lend you health that is your company as well as the amount of repayments your business can support. The total amount of your loan will depend on the specifics for your company.
If you apply for a particular amount, we take into consideration a variety of elements to determine your health that is your company as well as the amount of repayments your company will be able to support. The amount you receive from your loan will be determined by the particular circumstances that are unique to your business.
If you decide to apply for business loans with us company financing, we will assess the risk assessment that you have for your company and provide you with a customised proposal that includes the amount of the loan, the duration and interest rates. The business loan is an upfront-priced loan so you will be aware in advance of the total amount payable including any costs, fees, or interest rates.
The interest rates on business loans rates vary due to factors including the amount borrowed, the business assets the funds will be used for, the industry the business operates in, how long the business has been operating for, in the event that the company has sufficient cash flow to fund the loan, and also the overall well-being or creditworthiness of the company.
There are no hidden costs for our business loans, and you’ll be aware of the amount it is that you be required to pay and at what time, from the day you sign up. There’s no compounding and the loan comes with no additional fees (as long as you make your payments punctually).
We don’t charge an Application Fee. You can get a cash loan without any upfront costs or obligation to proceed.
The Origination Fee covers the costs associated with setting up and managing the loan. This is only a fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.
You can choose to repay the entire amount of your loan at any point in time.
If you choose to pursue this option, please contact our helpful business lending experts. We will provide you with details on repayment along with an early payout estimate. The figure will be calculated as the sum of the remaining principal amount and accrued interest to the date of early payout, plus 1.5% of the principal remaining plus any outstanding fees.
To help you avoid missing payment dates and to align with your cash flow general, we offer repayments either weekly or daily. They will be automatically deducted from your designated company account.
Protecting your information, and making it clear the ways we gather information, use it, and exchange it, as well as safeguard your data, is vital and is an essential element of our relationship with you.
Yes. We utilise industry-recognised encryption standards to secure your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our dedication to security for our customers and privacy. We use an advanced bank verification system link to immediately verify your bank account details online, allowing us to offer a fast response.
The term "asset-based" refers to borrowing where the company owner borrows from the assets they have to obtain the funding. The asset may be a personal asset like the family home or a company asset such as a truck as well as a piece of machine.
The vast majority of lending institutions, even the largest banks, are inclined to secure loans against an asset. If you’re having trouble paying back the loan, then your assets could be offered for sale by the lender. In essence it’s a way of securing new financing making use of the value of what you already own.
Up to $150K in loans no asset security is required before you can access the money but we do need the personal guarantee. So long as you comply with the loan terms (as stipulated in your loan contract document), asset security is not needed. For loans that exceed $150,000, typically, you will need personal ensure and security that is in the form a charge over assets.
We can’t assist with an unsecure business loan in the above industries, we might be able to assist with the secured business loan.
