A Canterbury unsecured business loan is simple and quick to get. Approve your loan in a matter of minutes and start using the funds in your company.
What to expect:
The criteria for eligibility for an unsecured business loan within Canterbury are fairly minimal.
Call Now 1300 560 988Applying for a company loans for business in Canterbury with us is easy and takes only a few minutes, no long lines of paperwork or waiting in line.
Approved and receive money within 1-2 company days.
We want to assist Canterbury businesses of all types, whether small, medium or soloprenuers to get access to funds quickly so that they can take advantage of loans to expand and develop.
The eligibility requirements for an unsecured business loan in Canterbury of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Review the guidelines for eligibility for our $100K to $500K business financing.
The criteria for eligibility to be eligible for the larger Canterbury company loans of between $100K to $500K comprise:
You are looking for a lesser amount of funding? Check out the guidelines for eligibility for our $5K-$100K Canterbury unsecured company loans.
A Canterbury unsecured loan is perfect for virtually every company use. Call us now.
Are you looking to start one of these projects as soon as tomorrow? Then get in touch with us now or apply online to apply the fastest, most convenient way.
All that’s needed to get started is your contact details (the name of your company, your name, email and phone), how much you’d like to borrow and your monthly earnings.
Through the process and before settlement we’ll require confirmation of who you are but not to get started:
After we start in the process, for loans greater than $150,000 you’ll require the following financial statements:
Let’s get started.
With traditional lenders and banks increasing their credit requirements and the constant stream of alternative and non-bank loan providers entering the market offers an incredible source to tap into.
Canterbury SME’s are now being able to get finance from alternative lenders that service Canterbury who are focused on facilitating company growth or smoothing out cash flow issues. The past was when personal credit sources (drawing equity from the house loan, or by using credit cards or personal loans, as well as credit cards) were the only alternative financing services for Canterbury that were available.
There’s not a need to depend on real estate to secure company loans. With an unsecured loan, business financing is easy. Instead of a traditional term loan from a bank, business finance for a small company with interest rates and loan terms that can help to manage cash flow are available as business loan options.
There are many advantages associated by separating personal and business debt.
Reduce your risk, make the tax process simpler, start with an unsecure business loan, apply today.
One big drawcard for keeping your individual and company assets apart will be the fact that your house isn’t tied to access the funds. In the case of a business loan in Canterbury up to $100K, asset security will not be required so long as the borrower is able to meet the loan requirements.
Companies are in a favourable long-term position if they have a good credit or debt serviceability.
The separation of personal as well as company financial accounts makes it more straightforward in the event of tax time, particularly when identifying what is the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has set out rules on the evidence required to claim deductions on a business’s tax return. This is an area that the IRD has specifically advised on.
Effective cash flow management is crucial to the long-term viability that of any business. By keeping your personal finances and business finances separate, businesses can easily view their cash flow, plan and monitor it based on their ability to accurately assess their cash flow position.
Canterbury unsecured loans offers the range of $5,000 to $100,000. Terms range from 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.
You can apply to this Small Business Loan in under 10 minutes online or by phone. You will receive an answer within the same day and have the funds in your account within 24 hours. Traditional business loans refer to an interest rate per annum as well as other fees and charges. We offer a company loan is a pre-paid loan which means you know in advance the amount you will have to pay, including any interest, fees or charges. This is then broken down into either a daily or weekly installment amount.
The Small Business Loan can be used to fulfill almost any company use, including the management of cash flow, company remodels and marketing, to purchase inventory or new equipment, or 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. The loan ranges from $100,000 to $500,000 with a fixed-term for up to 36 months. Repayments are scheduled weekly or fortnightly, depending on the flow of cash.
This Larger Business Loan has an Origination Fee which is determined at 2.5 percent of the loan amount.
To qualify for a loan in this amount, your company needs to be trading for at least 3 years with an annual turnover of $700K. 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 large business loan can be used for nearly all business reason, such as business remodeling, buying new equipment or inventory for general working capital, and much more. The loan cannot be used for personal purposes.
Asset security is needed for accessing funds over $150,000. This is by taking a charge against assets, and could be registered on the PPSR or making as a caveat.
A personal or director’s ensure is a commitment to repay credit that is general in nature, rather than stating the security for a particular asset. The person who is signing the ensure is personally accountable if the business the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It records security interests that have been that are registered for personal property (including items or assets). The PPSR permits preference over private property assigned in accordance with the date on which a security interest has been registered.
The caveat can be described as a formal form of document to provide the legal claim to a property.
If you’re requesting an enterprise loan of more than $250,000 we may be able to provide a preliminary pre-approval to help smooth out the process. We may be able to get this done without a credit check and within 6 hours of your initial application. The pre-approval is based upon a preliminary assessment which includes the answer to a series of financial health questions. This is in no way an offer, nor is it a guarantee of funds. A conditional approval is subject a full credit assessment and any offer that you receive could be subject to different conditions.
You can apply for a business loan if you;
The application process is quick and simple. Complete the online form within a couple minutes, and an experienced business loan specialist will contact you to assist you.
For a loan of up to $100,000, you’ll need the right identification documents (valid Driver’s License), an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll require:
$100K – $250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Details for application including credit consent, 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, in addition to interim financials for the current financial year as well as Aged Payables and Receivables summary.
For an unsecured loan ($5K or more) we typically offer an answer within one hour – as long as you make your application in standard business hours and permit us to utilise the bank verification system to instantly verify your bank details online. If you opt to upload copies of your banking statements , we are able to provide the decision within just one business day.
For Larger Business Loans ($100K to $500K) 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 about 2-3 days for final approval. However, it could be faster based on the particular circumstances of each application. Certain agreements have been approved in the space of 24 hours.
The most efficient method is to ensure you apply during normal company hours. Also, allow us to use the modern bank verification link to instantly confirm your bank details online. If you decide to upload copies of your bank statements it will take a little longer.
For the Small Business Loan ($5K or more) we usually provide a response in one hour if you apply during standard business hours and let us utilise the advanced bank verification system link to instantly verify your bank details online. If you opt to upload copies of your bank statements, we are able to provide the decision in as little as one business day.
If you are applying for Larger Business Loans ($100K or more) we could be likely to offer you with conditional pre-approval within about six hours. Once you’ve signed your pre-approval, turnaround times are between 2 and 3 days for the final approval, however it could be faster based on the specifics of each application. Some deals have been approved in just 24 hours.
The quickest method for you to apply is ensure you apply during normal business hours. Also, allow us to use the modern bank verification link to check your bank’s information online. If you send us the copies of bank statements, it will take a little longer.
We offer loans that range from $5,000 and $500,000. If you apply for a specific amount we take into consideration a range of variables in order to assess the health of your company and the amount of the repayments your company can afford. The total amount of your loan will depend on the specific circumstances the business.
When you make an application for a specific amount we take into consideration a variety of elements to assess the well-being for your company as well as the amount of repayments that your business can support. The total amount of your loan will depend on the specific circumstances the business.
When you request business loans with us company loan, we’ll assess the risk assessment for your company and offer you with a tailored proposal that includes the amount of loan, the term and the interest rates. A business loan is an upfront-priced loan which means you know in advance the total amount due, which includes any costs, fees, or interest rates.
Business loan interest rates depend on a variety of factors including the amount of money borrowed, the company assets the funds are used to purchase and the sector the company operates in, the long the business has been in operation as well as how long the business has sufficient cash flow to fund the loan, and general well-being as well as creditworthiness company.
There are no hidden costs for our business loans, and you’ll know exactly how much you’ll be required to pay and at what time, from the day you sign up. There’s no compounding interest and the loan comes with no additional fees (as long as you are able to make your payments punctually).
We don’t charge an Application Fee. You can request a credit loan with no upfront cost or obligation to proceed.
The Origination Fee covers the expenses involved 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 percentage of the amount of the loan.
You can repay the entire amount of your loan at any point in time.
If you are deciding to do this please call our helpful business credit specialists. The experts will provide you with details for repayment along with an early payout estimate. This is calculated as the total of the remaining principal amount and the accrued interest up to the time of early payout plus 1.5% of the principal amount remaining plus any outstanding fees.
To ensure that you don’t miss repayments and to fit in your cash flow schedule, we offer repayments that are either daily or weekly. These are automatically withdrawn from the nominated business account.
The security of your personal information, as well as being upfront about how we collect, use, exchange and secure your information, is of huge importance and is an essential element of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our dedication to the security of our customers as well as their security. We use an advanced bank verification system link to immediately verify your bank account information online, allowing us to provide rapid response.
Asset-based borrowing occurs when the business owner utilises an asset they own to make the funding. The asset can be an asset belonging to the personal, like the family home or it could be a company property like a truck or other piece of machinery.
The majority of lending institutions, not just the largest banks, are inclined to make loans secured by an asset. If you’re having trouble paying back the loan, then your asset may be transferred to the lender. In essence it is an opportunity to secure new financing by taking advantage of the value of what you already have.
For loans up to $150,000 there is no requirement for asset security in advance to gain access to the funds however, we require a personal guarantee. require a personal guarantee. As long as you follow the loan terms (as stipulated in your loan contract document) Asset security will never be required. For loans of over $150K generally there is personal guarantee and security in the form a charge over assets.
Although we cannot assist with an unsecure business loan for those industries, we might be able to assist you by providing an secured business loan.
