An Eastwood unsecured business loan is easy and quick to obtain. Request a quick approval and use the money in your business.
What you can expect:
The conditions for eligibility for an unsecured business loan within Eastwood are fairly minimal.
Call Now 1300 931 922Making an application for the business loan within Eastwood with us is simple and only takes less than a minute, with no mountains of paperwork or queues.
Receive approval and cash within one to two business days.
We are aiming to assist Eastwood businesses of all sorts small, medium even solopreneurs access money quickly, so that they can make use of the loan to grow and build.
The requirements for getting an unsecured business loan in Eastwood of between $5K and $100K is fairly low.
Are you looking for additional funding? Take a look at the guidelines for eligibility for our $100K to $500K company financing.
The criteria to be eligible of the larger Eastwood company loans of between $100K and $500K include:
Are you looking for a lower amount of capital? Look over the conditions for eligibility for our $5K to $100K Eastwood unsecured company loans.
An Eastwood unsecured loan is perfect for virtually any business purpose. Talk to us today.
Do you want to start working on one of these options as early as tomorrow? So, contact us or apply online now for the quickjest fasted way.
All that is needed to begin is your contact details (company name, your name, email, phone) as well as the amount you’d like to borrow, as well as your monthly income.
While in the process and before settlement we will require confirmation of who you are however, not in order to begin:
Additionally after we get 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 their credit terms and the constant stream of non-bank and alternative loan providers entering the market offers the perfect source to tap into.
Eastwood SME’s are now being able to get finance from alternate lenders servicing Eastwood who are focused on facilitating company growth or smoothing out cash flow challenges. In the past, private credit options (drawing equity from the house loan or credit cards or personal loans, as well as the overdraft) were the only alternative financing services within Eastwood that were around.
There is now an end to the need to rely on real estate to secure company loans. With an unsecured loan, business financing is now easy. Instead of a term loan with the bank, business finance for an SME with interest rates and loan terms that help with cash flow are available as business loan options.
There are many advantages associated with separating personal and company debt.
Lower your risks, make the tax process easier, get started with an unsecured busines loan. Get it today.
One major benefit of keeping your private and business assets apart will be the fact that your house isn’t tied for access to the money. If you’re looking for a small business loan within Eastwood up to $100K an asset security agreement will not be required as long as the borrower fulfills the loan requirements.
Companies will be in a stable long-term position when they can demonstrate good credit/debt ability to service.
It is important to separate personal from company finances makes it more straightforward when it comes to tax time - particularly when determining what is the tax deductible allocation. The IRD has outlined the rules on the evidence required to claim deductions on an organisation’s tax return. This is a subject that the IRD have specifically advised on.
Effective management of cash flows is crucial to the long-term viability in any business. Through keeping the personal financial and company finance separate, companies can easily view how they are performing, monitor and plan on the ability to effectively determine their cash flow status.
Eastwood unsecured loans offers the range of $5,000 to $100,000. The terms range between 3 and 24 months, cash flow-friendly repayments, which are either daily or weekly.
The application for your Small Business Loan in under 10 minutes online or on the phone. You’ll receive a same day response and the funds could be in your account in 24 hours. Traditional business loans reference an interest rate per annum along with other charges and fees. This company loan is a cash-based loan therefore you’ll be aware of the amount you will have to pay, including any fees, charges or charges. Then, it is divided into a daily or weekly installment amount.
A Small Business Loan can be used for almost any business use, including the management of cash flow, business improvements, advertising for purchasing inventory or new equipment, as general working capital and much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger size loan to aid in company expansion opportunities. Loans range from $100,000 to $500,000 with a fixed-term that can last up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate the flow of cash.
It is important to note that the Larger Business Loan has an Origination Fee, which is calculated at 2.5 percentage of the amount of the loan.
In order to be eligible for a loan in this amount the company needs to be in operation for at least 3 years and generate an annual revenue of at least $700,000. You must 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 demonstrate at least 12 months of trading.
A Larger Business Loan is a great option for almost every business need, including business remodeling, buying inventory or new equipment for general working capital and much more. The loan cannot be used for personal purposes.
Asset security is necessary to obtain funding above $150,000. This can be done in the form of a charge on assets, and may include the registration of this in the PPSR or making as a caveat.
A personal or director’s guarantee is a guarantee to pay back a loan that is generally in nature rather than stating the security of a specific asset. The person signing the guarantee is personally liable if the business the borrower fails to pay back the debt.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It reflects security interests registered in respect of personal property (including items or assets). The PPSR permits priority over personal property to be granted in accordance with the date on which a security interest has been registered.
Caveats are legal document lodged to provide notice of a legal claim to property.
If you’re seeking the Larger Business Loan that is greater than $250K, we may offer a preliminary pre-approval to help make the process. We could be able to make this decision without a credit check, and within six hours of your initial application. The pre-approval is based upon an initial assessment that includes the answer to a series of financial health checks. It is not an offer of credit or guarantee of credit. Acceptance without condition is subject to a full credit assessment and any offer you are offered could be subject to different conditions.
You can apply for an company loan if you;
The process for applying is fast and easy. Simply complete the online form within a couple minutes, and an experienced business lending specialist will contact you to guide you.
To apply for up to $100,000, you’ll require the right identification documents (valid Driver’s Licence) and a valid NZBN/IRD as well as at least 6 months of bank statements.
For larger loan sizes, you’ll need:
$100K-$250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K-$500K: Application details including credit consent and 12 months bank statement, an IRD statement, 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 and up) We can usually offer an answer within one hour, provided you make your application within standard business timings and let us use the advanced bank verification system to instantly verify your bank details online. If you opt to send us copies of your bank statements , we will be able to offer the decision in just one business day.
For the Larger Business Loan ($100K to $500K) we may be in a position to offer you with pre-approval conditional to your application in around six hours. Once you’ve signed the pre-approval document, you will require to wait between 2 and 3 days for the final approval. However, it could be faster based on the circumstances of each application. Certain transactions have received approval within the space of 24 hours.
The most efficient method would be to make sure you apply during normal company hours. You can also allow us to use the modern bank verification to instantly confirm your bank details online. If you opt to upload documents from your account statement, it may take a bit longer.
For the Small Business Loan ($5K and up) we can often offer a response in one hour – provided you apply in normal business times and let us make use of the advanced bank verification system to immediately verify your bank account information online. If you want to upload copies of your banking statements, we will be able to provide the decision within an business day.
For Larger Business Loans ($100K and up) We may be likely to offer you with conditional pre-approval in around six hours. Once you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval, however it could be faster based on the particular circumstances of each application. Certain offers have been approved in the space of 24 hours.
The quickest method is to ensure you apply during standard business hours and let us use the advance bank verification to check your bank’s information online. If you decide to upload documents from your account statements it takes a bit longer.
We provide the loan amount between $5,000 and $500,000. When you make an application for a certain amount we consider a variety of elements to determine your health for your company as well as the amount of repayments that your company can support. The total amount of your loan will depend on the specific circumstances for your company.
When you apply for a specific amount we look at a range of factors to determine your health of the company as well as the amount of payments your company is able to afford. The total amount of your loan will depend on the specific circumstances that are unique to your business.
If you decide to make an application for the company financing, we’ll assess the risk profile the business and offer you with a customised proposal that includes loan amount, term and the interest rates. A business loan is a loan that is priced upfront which means you be aware in advance of the total amount you will have to pay, including interest rates, fees or charges.
Business loan interest rates vary due to factors like the amount of money that is borrowed, what company assets the funds will be used for and the sector the company operates in, the long the business has been running for, what percentage of the company has sufficient cash flow to pay for the loan, and overall well-being and creditworthiness of the business.
There aren’t any hidden charges for our company loans. You’ll know precisely what it is that you need to pay, and at what time, from day one. There’s not any compounding interest and the loan comes with no additional fees (as as long as you pay your payments punctually).
We do not charge an Application Fee. You can request a credit loan no cost upfront or the obligation to take action.
The Origination Fee is the cost associated with establishing and managing the loan. It is only charged for this fee if you decide to take the loan. Our Origination Fee is 2.5% of the loan amount.
You may choose to pay back the entire amount of the loan in full at any time.
If you are deciding to do this please talk to one of our helpful business loans experts. They’ll provide you with details on repayment and an early payment figure. This is calculated as the sum of the principal remaining plus any accrued interest as of the time of the early payout in addition to 1.5% of the principal balance and any outstanding fees.
To make sure you do not miss repayments and to fit in your cash flow cycle we provide payments that are either daily or weekly. These are automatically withdrawn from your business account.
The security of your personal information, as well as making it clear the ways we gather, use, exchange and safeguard your data, is crucial and a vital aspect of our relationship with you.
Yes. We employ industry-recognised encryption protocols to safeguard your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our commitment to security for our clients and security. We utilise a sophisticated bank verification system that allows you to immediately verify the bank account details online, allowing us to offer an immediate response.
An asset-based loan is when the business owner borrows from the assets they have to make a loan. The asset can be either an individual asset, such as the family home, or an business asset such as a truck or piece of equipment.
The vast majority of lending institutions, not just the largest banks, are inclined to guarantee loans against an asset. If you are having difficulty paying back the loan then the asset might be offered for sale by the lender. In essence, it is a way of securing additional financing making use of the value of what you already own.
For loans that exceed $150K, the requirement for asset security is not required prior to the loan’s access however, we do need a personal guarantee. So long as you comply with the loan terms (as specified in your loan contract), asset security is not needed. For loans of over $150K typically, you will need a personal guarantee and security that is in the form an asset charge.
While we aren’t able to help with an unsecured business loan in these industries, we may be able assist with secured business loan.
