The eligibility requirements for an unsecured business loan in Sydney of between $5K and $100K are pretty minimal.
Need more funds? Check out the conditions of eligibility for our $100K-$500K company credit.
All that is needed to get started is your contact details (company name, your name, email, phone) along with the amount you want to borrow, and your monthly earnings.
Through the process and before settlement we will require confirmation of who you are however, not in order to begin:
In addition, once we have started, for loans over $150,000 you will also need fundamental financial statements:
Let’s get started.
Sydney unsecured loans offers amounts between $5,000 and $100,000. Terms range from 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.
Apply for this Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive a same day response and have the funds in your account within 24 hours. Traditional company loans are based on an annual interest rate along with other charges and fees. Our company loan is a loan that is priced upfront therefore you’ll know in advance the total amount payable including the interest, fees and charges. This is then broken down into either weekly or daily repayment figure.
A Small Business Loan can be used to fulfill almost every business use, including control of cash flow business remodels and marketing, to purchase inventory or new equipment, or as general working capital, and much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help business expansion opportunities. Loans range between $100,000 and $500,000 over a fixed term that can last up to 36 months. Repayments are either weekly or fortnightly to work with your cash flow.
The Larger Business Loan has an Origination Fee, calculated at 2.5% of the amount of the loan.
To be eligible for a loan of this size, your business needs to have been trading for at least 3 years with an annual turnover of $700K. It is necessary to 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 demonstrate at minimum 12 months of continuous trading.
A large business loan can be used for almost any company purpose including company remodeling, buying equipment or inventory as well as for general working capital and much more. The loan is not available to fund personal expenses.
Asset security is necessary for funding of more than $150,000. It’s as a result of an charge against assets, and could include registration with the PPSR or filing a caveat.
A director’s or personal guarantee is a commitment to repay credit that is general in nature rather than stating the security for a particular asset. The person who signs the guarantee is personally liable in the event that the company creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including objects or assets). The PPSR permits priority over personal property to be assigned according to the date a security interest has been registered.
A caveat is a legal document filed to offer the public notice of a legal claim to property.
If you’re requesting the Larger Business Loan that is greater than $250K, we may offer a preliminary pre-approval to help ease the process. It is possible to do this without a credit verification and within 6 hours of your initial application. The pre-approval process is based on an initial assessment that includes you answering a few financial health questions. It is not an offer of credit or guarantee of funds. Acceptance without condition is subject to an assessment of your creditworthiness and any offer that you may receive may be on different conditions.
You may apply for a company loan if you;
The application process is simple and easy. Just fill out the online application within a few minutes and an experienced company credit specialist will be in touch to help you.
To apply for up to $100,000, you’ll require ID details (valid Driver’s License) and an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K – $250K: Information about the application including credit consent, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K-$500K: Details of the application, including credit consent and 12 months bank statement, an IRD statement as well as the two most recent years’ financial statements, in addition to interim financials from the current financial year as well as Aged Payables and Receivables summary.
For an unsecured loan ($5K and up) we can often offer an answer in just one hour – as long as you make your application at quality company hours and let us utilise the advanced bank verification system to instantly verify your bank information online. If you opt to submit copies of your bank statements , we are able to offer an answer in just an business day.
For the Larger Business Loan ($100K to $500K) we may be able to provide you with pre-approval conditional to your application in about 6 hours. After you’ve signed your pre-approval form, it will take between 2 and 3 days for the final approval. However, this can be quicker based on the specifics of each application. Certain transactions have received approval in 24 hours.
The most effective method for you to apply is make sure you apply during normal company hours. You can also allow us to use the advance bank verification link to check your bank’s information online. If you upload documents from your account accounts, it can take a bit longer.
For the Small Business Loan ($5K up to $100,000) We can usually offer an answer in just one hour, provided you submit your request in normal business times and let us make use of the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your banking statement, we’ll provide an answer in just 1 business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we may be in a position to offer the conditional pre-approval within 6 hours. Once you’ve signed your pre-approval document, you will require to wait about 2-3 days for final approval, however it could be faster based on the particular circumstances of each application. Some agreements have been approved in 24 hours.
The fastest method for you to apply is make sure you apply during normal business hours. You can also allow us to use the sophisticated bank verification to instantly verify your bank account information online. If you opt to send us copies of your bank statements it can take a bit longer.
We offer loans ranging from $5,000 to $500,000. If you apply for a particular amount, we will consider a number of variables in order to assess what is the well-being for your company and the level of payments your company will be able to support. The amount you receive from your loan will depend on the specifics that are unique to your company.
When you apply for a certain amount, we look at a range of variables to assess the health that is your company and the extent of the repayments your business will be able to support. The amount you receive from your loan will be determined by the particulars the company.
If you decide to apply for one of our company loans, we’ll assess the risk profile for your business and offer an individualised proposal that includes the amount of the loan, the duration and interest rates. The business loan is a loan that is priced upfront so you will be aware in advance of the total amount due, which includes any charges or interest.
Interest rates for business loans rates differ based on various factors like the amount of money borrowed, what company assets the money are used to purchase as well as the field the business is in, how long the company has been operating, how long the business has sufficient cash flow to support the loan, and the general well-being as well as creditworthiness business.
There aren’t any hidden charges for our company loans. You’ll know precisely what it is that you be required to pay, and when, right from the very first day. There’s no compounding interest, and no additional fees (as as you make your payments punctually).
We do not charge an Application Fee. You are able to make an application for loans with with no upfront cost or obligation to proceed.
The Origination Fee covers the expenses involved with the setting up and management of the loan. This is only a fee if you decide to take the loan. Our Origination Fee is 2.5% of the loan amount.
You can repay all of your loan in full at any time.
If you are deciding to take this route, please speak to our friendly company loan specialists. The specialists will offer you with the details of your repayment along with an early payout estimate. The figure will be calculated as the total of the principal remaining plus any accrued interest as of the time of early payment and 1.5% of the remaining principal plus any outstanding fees.
To ensure you do not miss payment dates and to align with your cash flow routine, we provide repayments either daily or weekly. They will be automatically deducted from your designated company account.
The security of your personal information, as well as being clear about the ways we gather the information we collect, use, share and safeguard your data, is of paramount importance and is a crucial element of our relationship with you.
Yes. We utilise industry-recognised encryption standards to secure your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our commitment to security for our clients and privacy. We utilise a sophisticated bank verification system link to instantly verify your bank account information online. This allows us to provide an immediate response.
An asset-based loan is when an business owner uses an asset that they own to secure the funding. The asset could be an asset belonging to the personal, like the family home, or an business asset such as a vehicle or other piece of machinery.
The majority of lenders, not just the major banks, prefer to guarantee loans against assets. If you’re struggling to pay back the loan, then the asset might be offered for sale by the lender. In essence it is a way of securing additional financing taking advantage of the value of what you already have.
For loans of up to $150,000, no asset security is required prior to the loan’s access However, we require a personal guarantee. need the personal guarantee. In the event that you fulfill your loan obligations (as stipulated in your loan contract document) and you are able to meet your obligations, asset security is not needed. For loans over $150K typically, you will need an individual ensure and security that is in the form an asset charge.
