Unsecured Business Loans Eastwood SA

By This Tomorrow You Could Be All Set For Success By ObtainingThe Help Of an Eastwood Business Loan

Unsecured Business Loans Eastwood

An Eastwood unsecured business loan is quick and simple to get. Request a quick approval and begin using the money in your company.

  • Do you think that additional funds could help your business with working capital or to take advantage of the potential for growth?
  • What is the financing strategy you are using to fund your business needs?

You can expect:

  • Simple process to apply and be approved for money as early as tomorrow
  • There is no option to remittances in the first four weeks
  • Borrow from $5k to $500K
  • Terms from 3-36 months
  • Competitive interest prices
  • Minimal documentation required

The eligibility requirements for an unsecured business loan to be made in Eastwood are fairly minimal.

Call Now 1300 931 922
Business loans, specifically those that are unsecured business loan or line of credit for business financing need to not become a stressful procedure. Business finance can be in the form of small business loans at an interest rate and repayment schedule that will suit your company financial needs.
Business Lenders for Business Goals
I'm now able fund the remodel of our brand modern Eastwood resturant without having to take cash from other resturants.
Eastwood Resturant Owner
I'm now able to hire an professional marketer to take my company to the next level.
Growing Eastwood Business
I'm now able make coffee for my clients with the best equipment.
Cafe Owner
I am now able to take a holiday knowing I am confident that my Eastwood company will run well.
Local Business Owner
I can get my tax back on time.
Small Business Owner
Business loans with interest rates and repayment terms as well as flexible repayment options to meet your company needs.
Business Lending Options
A seamless loan application process with a huge limit on borrowing, no requirements for credit, and no requirement to create a business plan. Do not use your personal credit card or business credit cards in order to fund your company.
Unsecured Loans Made Simple
Unsecured Business Loan Service Provider

Fast Approval Process

Requesting business loans in Eastwood business loans in Eastwood with us is easy and takes just about a couple of minutes, there are no piles of paperwork or long waits.

Receive approval and funds in 1-2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our purpose is to assist Eastwood companies of all types, whether small, medium or entrepreneurs to obtain funding fast so they can make use of the loan to expand and develop.

  • It begins with an easy online application, or phone call
  • Flexible repayment terms to meet the requirements of your business
  • Fast and prompt funding within a single day or two
  • A team that wants to see you succeed as well as you business to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for obtaining an unsecured business loan in Eastwood of between $5K and $100K are pretty minimal.

  • A minimum of six months in business
  • At least $6,000 revenue per month
  • You must be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for proof of identity
  • Make sure you have an account with a New Zealand bank as your principal account for trading
  • Bank statements from the last six months

Looking for more funding? Check out the guidelines for eligibility for our $100K-$500K company financing.

Here's How Others Have Benefited

Examples of Business Loans

After purchasing a pizza restaurant and two liquor stores six to 12 months earlier, the new owners needed additional funds. The total revenue of the two stores was more than 500K per month. They could have borrowed $300K. This was then split as $100K for each store, with the option of 24- and 36 months. There was no security on the owners' homes was required.
Owner of a Pizza Store & 2 Liquor Stores
A gym that was going for nearly 3 years was looking to expand and was in require of additional equipment. With monthly revenue of $37K they borrowed$72K over a 24 month period. No security was required and the loan was ready within 24 hours.
Gym
An interior designer had noticed an opportunity to grow their business and required working capital to fund this growth. With monthly revenue of $300K they borrowed $250K over the course of 24 months. Their turnaround time was just two days, and all they had for them to present was 12 months of bank statements IRD confirmation, IRD confirmation and trust deed.
Interior Designer
The owner of a small grocery store doing $70K a month borrowed $76K over a 24-month term , without making any repayments during the initial 4 weeks. This was contingent on 12 months of bank statements. The time to turn around was just six hours from application to getting the funds.
Grocery Store Small Business Loan
A restaurant owner wanted to open a second establishment and required funds to renovation. Their bank was not willing to help. The typical monthly income for them was $50K and they were able to borrow $66K in 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
Simple eligibility checklist

Larger Eastwood Business Loan Eligibility Criteria

The criteria for eligibility in larger Eastwood company loans of between $100K and $500K are:

  • Minimum of 3 years in business
  • At least $700K of annual revenue
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for identification proof
  • Use an account with a New Zealand bank as your main trading account
  • Bank statements from the last six months
  • Some financial statements like Profit & Loss as well as Aged Accounts Payable and Receivable

Are you looking for a lower amount of money? Look over the conditions for eligibility for our $5K-$100K Eastwood unsecured business loans.

Business Lending for a Cash Injection

What do you want to use the business loan in Eastwood for?

An Eastwood unsecured loan is ideal to use for any company need. Talk to us today.

  • Add or remodel a commercial premises
  • Staff expansion during busy times
  • Grow stock quantities to keep up with demand
  • Develop a new website, or improve your marketing
  • Put money into new tools, equipment or new technologies
  • Make sure you have extra stock on hand to meet the seasonal demand
  • Control cash flow fluctuations
  • Plus many more …

Want to get started on one of these idea as quickly as tomorrow? So, contact us or apply online now to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All that’s required to begin is your contact information (company name, your name, email address and telephone) along with the amount you’d like to borrow and your monthly earnings.

In the course of the process and before settlement we’ll require confirmation of who you are, but not before we can begin:

  • Details of the Idenfication (valid Driver’s Licence)
  • Details of the company including time of trading, ownership details , and NZBN (New Zealand Business Number)

After we start in the process, for loans of more than $150,000 you will also need basic financial statements:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

Following the purchase of a pizza restaurant and 2 liquor stores six to to 12 months ago, the new owners were looking for more funds. The total revenue of the two stores was more than 500K per month. They could have borrowed $300K. This was then split as $100K per store with two different 24 and 36 months. No security over the owner's houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
With the busy holiday season nearing, a clothing store required additional working capital to finance additional stock and take advantage of discounts from suppliers. They borrowed $20K over 12 months without security of assets required. They received the funds in 24 hours.
Clothing Store
An interior designer had spotted an opportunity to expand their company and needed working capital to fund this growth. With a monthly revenue of $300K they borrowed $250K in 24 months. The turnaround time was only 2 days, and all they had for them to provide was 12 months of bank statements IRD confirmation, IRD confirmation and trust deed.
Interior Designer
A business coach was seeking to invest in the health as well as beauty business. With a little over 12K in revenue per month the company borrowed $24K over 24 months. This required twelve months worth of statements and was done in 8 hours.
Business Coach
The owner of a modest grocery store doing $70K a month borrowed $76K over a 24-month period, with no payments for the first four weeks. This required 12 months of bank statements. The turnaround time was only 6 hours from the moment you applied to receiving the money.
Grocery Store Small Business Loan

Unsecured Business Loan Eastwood SA 5063

The lending landscape has changed

With banks and traditional lenders tightening their credit terms, the steady stream of non-bank and alternative loan providers entering the market offers the perfect source to access.

Eastwood SME’s are now in a position to obtain finance via alternate lenders servicing Eastwood who are focused on enabling company expansion or smoothing out cash flow challenges. In the past, when individual credit providers (drawing equity from a house loan or credit cards in addition to personal loans and credit cards) were the only alternative financing solutions for Eastwood that were around.

There’s an end to the requirement to rely on real estate to secure company loans. With an unsecured loan business funding is made simple. Instead of a term loan with a bank, business finance for an SME with interest rates and loan terms that aid to manage cash flow are around as business lending options.

 

 

High level summary

Separate personal and business debt

There are substantial benefits associated in separating personal from business debt.

  • Your home, or other investments, aren’t tethered for access to funds
  • It is the business will be in more favourable position to create its own credit history
  • It is significantly more seamless at tax time
  • Companies can quickly view, monitor and plan based on being able to easily examine their cash flow status

Reduce your risk, make your tax time much easier. Get started with an unsecure busines loan. Apply today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your private and company assets apart will be the fact that your house does not have to be tied to allow access to the funds. In the case of a business loan in Eastwood up to $100K the security of assets won’t be required so in the event that the borrower has met the loan requirements.

Credit history

Companies will be in a stable long-term position when they are able to demonstrate credit/debt capability.

Tax

Separating personal and business financial accounts makes it more seamless when it comes to tax time, especially when it comes to determining the tax-deductible allocation. The IRD has set out the requirements for evidence for claiming deductions on an organisation’s tax return. This is an area where the IRD has advised specifically on.

Cash flow

Effective management of cash flows is key for the long-term success that of any business. Through keeping personal and company finances separate, companies can easily view their cash flow, plan and monitor it based on their ability to easily evaluate their cash flow situation.

I'm now able to prepare beverages for customers using the very best equipment.
Cafe Owner
I am now able to fund the renovation of our modern Eastwood resturant without having draw cash from other restaurants.
Eastwood Resturant Owner
I'm now able to hire a marketer to take my business to the next level of business growth.
Growing Business
I'm able to get my tax back on time.
Small Business Owner
Simple loan application procedure with a large loan limit, with minimal requirements for credit and there is no requirement to present a business plan. You no longer need to use your personal credit card or company credit cards in order to fund your business.
Unsecured Loans Made Simple
I'm now able to go on time off knowing that my Eastwood business will run effortlessly.
Local Business Owner
Business loan interest rates and repayment terms as well as flexible repayment options that can be tailored to what your business needs.
Business Lending Options
Business loans, specifically those that are unsecured business loan or line of credit to business funding require never be an tense process. Business finance in the form of small business loans that have an interest rates and repayment time that is suitable for the needs of your business cash flow.
Business Lenders for Business Goals
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Eastwood Small Business Loans

Tell me what you think of the Eastwood Small Business Loans

Eastwood unsecured loans provides the range of $5,000 to $100,000. Terms range from 3 and 24 months and cash flow-friendly repayments which can be made daily or weekly.

What is how is the Unsecured Loan different from the traditional business loan?

It is imaginable to apply to the Small Business Loan in under 10 minutes via the internet or over the phone, receive an answer within the same day and funds may be available in just 24 hours. Traditional company loans have an annual rate of interest plus other fees and charges. Our company loan is an upfront priced loan therefore you’ll know in advance the total amount to be paid, including the interest, fees and charges. This is then broken down into a daily or weekly amount to be paid back.

What could you use the Small Business Loan be used for?

A Small Business Loan can be used for virtually any business need, such as the management of cash flow, company renovations, marketing to purchase inventory, new equipment, as general working capital and so much more. The loan is not available for personal purposes.

About the Larger Eastwood Business Loans

What is the Larger Eastwood Business Loan?

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 up to 36 months. The repayments are made weekly or fortnightly, depending on your cash flow.

How is the Origination Fee calculated?

A Larger Business Loan has an Origination Fee, determined at 2.5 percent of the amount of the loan.

Can I get the Larger Business Loan?

To be eligible for a loan of this size, your company needs to be in operation for at least 3 years and have an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old as well as own a New Zealand business (with a valid NZBN/IRD) and be able to prove at least 12 months of trading.

How can the funding be utilised?

A larger company loan is a great option for almost any business use, including business renovations, to purchase equipment or inventory or as general working capital and much more. The loan is not available for personal reasons.

Is the Larger Business Loan a secured loan?

Asset security is necessary for funding of more than $150,000. This can be done in the form of a charge against assets and can include registration with the PPSR or making as a caveat.

A director’s or personal ensure is a guarantee to pay back a loan that is generally in nature rather than defining the security of a specific asset. The person signing the guarantee is personally accountable if the company lender is not able to re-pay the debt.

The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including objects or assets). The PPSR gives the priority of personal property assigned depending on the date that a registration of a security interest.

Caveats are legal document that is filed to provide an official notice of a claim against a property.

What exactly is a preapproval without Credit Check?

If you’re applying for a Larger Business Loan that exceeds $250K, we may offer an initial pre-approval to make the process. We could be able to make this decision without credit checks and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering some financial well-being checks. It is not an offer of credit or guarantee of funds. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer that you receive could be subject to different conditions.

Application process

Can I be eligible for funding?

You may be eligible for a business loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are over 18 years, have a New Zealand business (with a valid NZBN/IRD)
  • you must demonstrate at minimum 6 months of trading (for you to qualify for unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K - $500K)

How do I apply?

The application process is fast and simple. Just complete the online application within a few minutes and a dedicated business lending specialist will call you to assist you.

For a loan of up to $100,000 you’ll require identification details (valid Driver’s License) along with an active NZBN/IRD, and at least six months worth of bank statements.

If you’re looking for loans with larger sizes, you’ll also need:

$100K to $250K: Details of application, including credit consent, 6 – 12 months of bank statements, IRD statement (if loan above $150K).
$250K-$500K: Details for application including credit consent as well as 12 months of bank records, IRD statement, last 2 years finalised financial statements, as well as interim financial statements for the current year such as age-related payables and aged Receivables summary.

What speed will I be able to get a decision?

For an unsecured loan ($5K or more) We can usually offer a response in one hour, provided you submit your request during quality company hours and allow us to utilise the advanced bank verification system to immediately verify your bank account information online. If you choose to send us copies of your bank statement, we’ll offer a decision in as little as one business day.

For the Larger Business Loan ($100K up to $500,000) we may be likely to offer you with conditional pre-approval within about 6 hours. After you’ve signed your 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 deals have been approved within the space of 24 hours.

The fastest way is to make sure you apply during normal business hours. You can also let us use the modern bank verification to instantly confirm your bank details online. If you send us copies of your bank accounts, it takes a bit longer.

How soon will I receive the money?

For the Small Business Loan ($5K and up) We can usually provide an answer in just one hour – provided you submit your request during normal business timings and let us utilise the advanced bank verification system link to instantly verify your bank’s information online. If you choose to upload copies of your bank statements, we are able to offer a decision within the span of one business day.

For the Larger Business Loans ($100K to $500K) we might be likely to provide you with a conditional pre-approval within six hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval. However, it could be faster based upon the circumstances for each application. Certain offers have been approved within the space of 24 hours.

The fastest way can be ensure you apply during standard business hours and let us use the modern bank verification to instantly confirm your bank details online. If you send us copies of your bank statements, it takes a bit longer.

What is the maximum amount I can borrow?

We offer the loan amount between $5,000 to $500,000. When you submit an application for a particular amount, we will consider a number of variables in order to assess your health of your company and the extent of repayments that your business can afford. The total amount of your loan will be contingent on the specifics that are unique to your company.

When you apply for a certain amount, we take into consideration a variety of elements to determine your health for your company and the extent of payments your company can afford. The total amount of your loan will depend on the specifics for your business.

Fees & repayments

How much do you charge for the cost of a business loan?

If you decide to make an application for one of our business credit, we’ll assess the risk assessment the business and offer you with a customised proposal that includes loan amount, term and the interest rates. The company loan is a loan that is priced upfront and you’ll know in advance the total amount to be paid, including any interest rates, fees or charges.

What is the basis for the rate I’m charged?

The interest rates on business loans rates differ based on various variables like the amount to be borrowed, the business assets the money will be used for, the industry the company operates in, how long the company has been in operation for, how long the business has sufficient cash flow to support the loan, and general health or financial standing of the company.

What are the cost?

There are no hidden costs with our business loans. You’ll know precisely what it is that you need to pay and at what time, from the very first day. There’s no compounding and no extra fees (as long as you make your payments punctually).

We don’t charge an Application Fee. You are able to make an application for loans with no cost upfront or the obligation to take action.

The Origination Fee includes the expenses associated in establishing and managing the loan. This is only a fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.

Do I have the option of paying off the loan in advance?

You can repay all of your loan early at any time.

If you are deciding to pursue this option, please speak to our friendly company credit specialists. We will offer you with details on repayment along with an early payout estimate. This is calculated as the sum of the principal balance plus any accrued interest as of the time of early payment plus 1.5% of the principal balance plus any outstanding fees.

What are the repayment methods?

In order to help you avoid missing due dates and also to be in line with your cash flow cycle we offer repayments that are either daily or weekly. These are automatically deducted from your company account.

Security & privacy

Will my data be secure?

Protecting your information, and being transparent about the ways we gather data, process, exchange and secure your information, is of paramount importance and a vital part of our relationship you.

Is it safe to link my bank account to the platform?

Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 certified for our dedication to protecting the security of clients and privacy. We make use of an advanced bank verification system that allows you to instantly verify your bank account details online to offer an immediate response.

About business loans

How do you define asset-based lending (a secured loan)?

The term "asset-based" refers to borrowing where a business owner utilises assets they own to obtain a loan. The asset could be a personal asset like the family home, or an company property like a truck or piece or equipment.

The vast majority of lenders, including the largest banks, are inclined to guarantee loans against assets. If you’re struggling to pay back the loan, the asset could be offered for sale by the lender. In essence, it’s a way of securing new financing by using the value of what you already own.

Should I need security to get an business loan?

For loans that exceed $150,000, it is not necessary to secure assets before you can access the money however, we require a personal guarantee. need a personal guarantee. If you adhere to your loan obligations (as stipulated in your loan contract document) and you are able to meet your obligations, asset security will never be needed. For loans that exceed $150K, generally there is personal ensure and security is provided in the form of a charge over assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses or auction websites
  • Debt collection agencies & debt purchasers
  • Direct marketers such as direct-mail, mail order, fundraising, telemarketing etc
  • Finance lenders & institutions
  • {Firearm related businesses
  • Foreign currency exchange solutions
  • Freight forwarding and customs clearing houses
  • Business involved with gambling
  • Not-for-profit organisations such as charities, churches etc
  • Smash repairers & panel beaters
  • Pawn shops and pawnbrokers
  • Property development
  • Stockbrokers, shares andinvesment businesses
  • Tattoo palours
  • Ridesharing and taxi services
  • Entertainment sales or ticket resellers
  • Towing services
  • Secondhand car dealerships
  • Vehicle glass tinting
  • Automotive dismantlers

Although we can’t help with an unsecured business loan for these industries, we may be able to help you with secured business loan.

Adelaide Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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1300 931 922