The eligibility requirements for an unsecured business loan in Sydney of between $5K to $100K are quite minimal.
Need more funds? Review the guidelines for eligibility for our $100K-$500K business loan.
All that’s required to begin is your contact details (company name, your name, email address or phone number) along with the amount you’d like to borrow, and your monthly income.
During the process and before settlement we’ll require confirmation of your identity, but not to get started:
After we start in the process, for loans that exceed $150,000, you will also need basic financial statements.
Let’s get started.
Sydney unsecured loans offers 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.
The application for your Small Business Loan in under 10 minutes over the phone. You’ll get an immediate response, and have the funds available in just 24 hours. Traditional business loans reference an interest rate per annum along with other charges and fees. This company loan is a pre-paid loan and you’ll be aware of the total amount payable including any interest, fees or charges. Then, it is broken down into either weekly or daily installment amount.
A Small Business Loan can be used for virtually every company use, including cash flow management, business remodels and marketing, to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger loan size to support company expansion opportunities. Loans range between $100,000 and $500,000 over a fixed term that can last up to 36 months. The repayments are made weekly or fortnightly in order to accommodate the flow of cash.
This Larger Business Loan has an Origination Fee, which is determined at 2.5 percentage of the amount of the loan.
To qualify for a loan of this size the business needs to have been trading for at least 3 years with an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A Larger Business Loan can be used for almost any company reason, such as company improvements, purchasing inventory or new equipment for general working capital and so much more. The loan cannot be used to fund personal expenses.
Asset security is necessary to obtain funding above $150,000. It is usually in the form of a charge on assets and can include registration in the PPSR or making a caveat.
A director’s or personal ensure is a commitment to pay back a loan that is general in nature rather than defining the security of a specific asset. The person signing the guarantee is personally responsible if the company the borrower fails to make the repayment.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It lists security interests that are registered in respect of personal property (including items or assets). The PPSR gives prioritisation over property that is personal to be granted according to the date a security interest has been registered.
An affidavit is an official document filed to provide notice of a legal claim on a property.
If you’re seeking the Larger Business Loan that exceeds $250,000 we may be able to provide an initial pre-approval that will help ease 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 a preliminary assessment which includes the answer to a series of financial health checks. This is in no way an offer, nor is it a guarantee of credit. The approval of a conditional loan is subject to an extensive credit evaluation and any offer you receive could be based on different conditions.
You may be eligible for a business loan if you:
The application process is simple and easy. Just fill out the online application in just a few minutes, and an experienced company loan specialist will call you to help you.
To apply for up $100,000, you’ll need proof of identity (valid Driver’s Licence) as well as a valid NZBN/IRD and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll also need:
$100K – $250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Details for application including credit consent twelve months of bank statements, IRD statements and the last two years’ finalised financial statements, in addition to interim financials for the current financial year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K and up) We can usually offer a response in one hour if you make your application in standard business times and let us make use of the advanced bank verification system to instantly verify your bank information online. If you decide to upload copies of your banking statements , we will be able to provide an answer within just 1 business day.
If you are applying for a Larger Business Loan ($100K and up) we could be capable of offer you with a conditional pre-approval in around 6 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. Certain agreements have been approved in just 24 hours.
The quickest method can be make sure you apply during normal business hours. You can also let us use the modern bank verification link to confirm your bank details online. If you choose to send us duplicates of your banking statement, it may take a bit longer.
For the Small Business Loan ($5K and up) we typically offer an answer in just one hour if you submit your request within normal business hours and you allow us to use the advanced bank verification system to instantly verify your bank information online. If you choose to upload copies of your bank statements, we’ll be able to offer a decision within the span of one business day.
For the Larger Business Loans ($100K and up) we might be in a position to offer you with a conditional pre-approval in around six hours. Once you’ve signed your pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however it could be faster based on the circumstances of each application. Some transactions have received approval in the space of 24 hours.
The quickest method is to ensure you apply during normal business hours and let us use the modern bank verification to verify your bank account information online. If you opt to upload the copies of bank statement, it may take a bit longer.
We offer the loan amount between $5,000 and $500,000. If you apply for a particular amount, we take into consideration a range of elements to determine your well-being of the business and the level of repayments that your business can afford. The amount you receive from your loan will depend on the specifics of your business.
When you apply for a particular amount, we take into consideration a variety of variables to determine your health of your business as well as the amount of repayments that your business can support. The total amount of your loan will be contingent on the particular circumstances for your business.
If you decide to apply for our company loan, we’ll assess the risk assessment of your business and provide you with a customised proposal that includes the amount of loan, the term and the interest rates. A company loan is a loan that is priced upfront and you’ll know in advance the total amount to be paid, including any costs, fees, or interest rates.
The interest rates on company loans rates depend on several variables like the amount to be of money borrowed, the business assets the money will be used for, the industry the business is in, how long the company is in operation as well as whether the company has enough cash flow to cover the loan, as well as the overall health or financial standing of the business.
There are no hidden fees with our company loans, and you’ll be aware of the amount you’ll be required to pay, and at what time, from the first day. There’s no compounding interest, and no extra fees (as long as you make your payments in time).
We do not charge an Application Fee. You are able to make an application for loans with no upfront cost or obligation to proceed.
The Origination Fee includes the expenses associated in establishing and managing the loan. The only way to pay this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You can choose to repay the entire amount of the loan at any point in time.
If you are deciding to pursue this option, please contact our helpful company lending specialists. The specialists will provide you with details on repayment as well as an early payout amount. The figure will be calculated as the total of the principal amount remaining and any accrued interest at the time of early payout and 1.5% of the principal remaining plus any outstanding fees.
To make sure that you don’t miss payments and to work your cash flow schedule, we offer repayments that are either daily or weekly. They will be automatically deducted from your nominated company account.
The security of your personal information, as well as being clear about the ways we gather data, process, exchange and secure your information, is crucial and is an essential part of our relationship you.
Yes. We use industry recognised encryption techniques to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our commitment to security for our customers and privacy. We use an advanced bank verification system link to instantly verify the bank account details online to offer quick responses.
The term "asset-based" refers to borrowing where the business owner utilises assets they own to obtain a loan. The asset may be a personal asset like the family home or a business asset such as a vehicle or piece or equipment.
The vast majority of lending institutions, including the largest banks, are inclined to secure loans against assets. If you’re struggling to pay back the loan then the asset could be sold by the lender. In essence it is a way of securing new funding making use of the value of what you already own.
For loans up to $150K there is no requirement for asset security prior to the loan’s access, however we require a personal guarantee. need an individual guarantee. As long as you follow your loan commitments (as specified in your loan contract) and you are able to meet your obligations, asset security is not required. For loans that exceed $150,000, generally, you can get a personal guarantee and security that is in the form a charge over assets.
