A Castlecrag unsecured business loan is quick and simple to apply for. Apply for a loan quickly and begin using the money in your business.
What you can expect:
The criteria for eligibility for an unsecured business loan within Castlecrag are fairly minimal.
Call Now 1300 560 988Requesting business loans in Castlecrag company credit in Castlecrag with us is easy and takes just less than a minute, with no piles of paperwork or long waits.
Receive approval and funds in 1 to 2 company days.
We aim to help Castlecrag companies of all types, whether small, medium or entrepreneurs to obtain quick funding so that they can use the loan to expand and develop.
The eligibility requirements for an unsecured business loan in Castlecrag of between $5K and $100K is fairly low.
Looking for more funding? Take a look at the conditions of eligibility for our $100K-$500K business credit.
The criteria to be eligible to be eligible for the larger Castlecrag business loans of between $100K and $500K are:
Are you looking for a lower amount of money? Find out the conditions for eligibility for our $5K to $100K Castlecrag unsecured business loans.
A Castlecrag unsecured loan is perfect for virtually every company reason. Call us now.
Do you want to start working on one of these options as early as tomorrow? So, contact us or apply online now to get the fastest and most efficient process.
All that’s required to get started is your contact details (the name of your company and your name, as well as email or phone number) and the amount you want to borrow, and your monthly earnings.
Through the process and before settlement we will require confirmation of your identity but not for starting:
In addition, once we have started, for loans that exceed $150,000, you’ll also need basic financial statements:
Let’s get started.
With traditional lenders and banks restricting credit and the constant stream of alternative and non-bank loan providers entering the market provides the perfect source for you to make use of.
Castlecrag SME’s are now capable of accessing finance through alternative lenders who service Castlecrag who are focused on enabling company growth or smoothing problems with cash flow. In the past personal credit sources (drawing equity from a home loan, or by using credit cards and personal loans as well as overdrafts) were the only alternative financing services available in Castlecrag that were available.
There is now no need of having to rely on real estate to secure business loan. With an unsecured loan, business financing is now easy. Instead of a loan for a term with the bank, business finance for a small business with interest rates and loan terms that aid in cash flow are available as business credit options.
There are many benefits with separating personal and company debt.
Lower your risks, and make tax times easier, get started with an unsecure company loan, apply today.
One major benefit of keeping your private and company assets apart is that your house isn’t tied to access the funds. In the case of a business loan in Castlecrag up to $100K asset security won’t be needed as long as the borrower fulfills their loan obligations.
Businesses will be in a favourable long-term financial position if they are able to demonstrate credit/debt capacity to pay.
Separating personal and business financial accounts makes it more straightforward when it comes to tax time - especially when it comes to determining the tax-deductible amount. The IRD has laid out guidelines on the proof required to be able to claim deductions on an organisation’s tax return. This is an area where the IRD has advised specifically on.
Effective management of cash flows is crucial to the long-term viability of any company. By keeping the personal financial and company finances separate, companies can easily view, monitor and plan based on the ability to effectively determine their cash flow status.
Castlecrag 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 are either daily or weekly.
The application to the Small Business Loan in under 10 minutes via the internet or over the phone, receive a same day response and the funds could be in your account in 24 hours. Traditional business loans are based on an interest rate per annum along with other charges and fees. The business loan is a pre-paid loan so you will know ahead of time the total amount due, which includes the interest, fees and charges. This is then broken down into weekly or daily installment amount.
The Small Business Loan can be used for virtually every business need, such as managing cash flows, company remodeling, marketing for purchasing inventory or new equipment, for general working capital, and much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. The loan ranges from $100,000 to $500,000 with a term fixed that can last up to 36 months. The repayments are made weekly or fortnightly, depending on the flow of cash.
This Larger Business Loan has an Origination Fee that is calculated at 2.5% of the amount of the loan.
To be eligible for a credit that is this large, your company needs to be operating for a minimum of 3 years, and have an annual income of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A Business Loan of a larger size can be used to fund almost all business reason, such as business improvements, purchasing inventory or new equipment as well as for general working capital and much more. The loan cannot be used for personal reasons.
Asset security is necessary for accessing funds over $150,000. It’s by way of charge against assets, and could include registration in the PPSR or making as a caveat.
A director’s or personal guarantee is a guarantee to pay off a credit line that is general in nature, rather than specifying the security for a particular asset. The person who is signing the ensure is personally liable in the event that the company creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It contains security interests registered in respect of personal property (including objects or assets). The PPSR allows prioritisation over property that is personal to be granted 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 an official notice of a claim against a property.
When you’re applying for an enterprise loan of more than $250K we may be able to provide an initial pre-approval that will help ease the process. We may be able to do this without a credit check and within 6 hours of your initial application. The pre-approval is based upon an initial evaluation that involves the answer to a series of financial well-being checks. This is not an offer or guarantee of financing. Unconditional approval is subject to an extensive credit evaluation and any offer that you receive could be subject to different terms.
You may apply for a company loan if you
The application process is fast and simple. Just fill out the online application within a couple minutes, and a dedicated business expert in lending will be in touch to guide you through the process.
To apply for up to $100,000 you’ll need identification details (valid Driver’s Licence) and a valid NZBN/IRD as well as at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K – $250K: Application details 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 as well as 12 month bank accounts, the IRD statements and the last two years’ finalised financial statements, plus interim financials for the current financial year such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K and up) We can usually provide an answer in just one hour – as long as you make your application in quality company time and you allow us to utilise the advanced bank verification system to instantly verify your bank’s information online. If you choose to upload copies of your banking statements , we are able to provide a decision within just the span of one company day.
For the Larger Business Loan ($100K or more) we may be likely to provide the conditional pre-approval within 6 hours. Once you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval, however this can be quicker based on the circumstances of each application. Some agreements have been approved in less than 24 hours.
The fastest way would be to ensure you apply during standard company hours, and permit us to use the advanced bank verification system to instantly check your bank’s information online. If you send us the copies of bank accounts, it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often offer a response in one hour – as long as you make your application at standard business hours and allow us to utilise the advanced bank verification system link to instantly verify your bank details online. If you opt to send us copies of your bank statements, we are able to offer the decision in just 1 business day.
If you are applying for Larger Business Loans ($100K or more) we could be in a position to offer you with conditional pre-approval within about six hours. Once you have signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval, however this could be shorter based upon the circumstances for each application. Certain agreements have been approved in 24 hours.
The fastest method is to make sure you apply during standard business hours. Also, permit us to use the sophisticated bank verification link to check your bank’s information online. If you send us the copies of bank accounts, it may take a bit longer.
We provide the loan amount between $5,000 to $500,000. When you make an application for a particular amount, we will consider a number of aspects for determining what is the health for your business as well as the amount of repayments your business will be able to support. The amount you receive from your loan will depend on the specifics that are unique to your company.
If you apply for a particular amount, we look at a range of elements to determine your well-being of your business and the level of payments your business can afford. The total amount of your loan will depend on the particular circumstances for your business.
If you decide to apply for the company loans, we’ll assess the risk assessment of your business and offer you with a customised proposal that includes the amount of the loan, the duration and the interest rates. The business loan is an upfront priced loan which means you know the exact amount due, which includes any charges or interest.
Interest rates for company loans rates differ based on various factors including the amount that is borrowed, what company assets the money will be used for as well as the field the company is operating in, how long the company has been in operation for, what percentage of the business has sufficient cash flow to cover the loan, as well as the overall health or creditworthiness of the company.
There are no hidden fees for our company loans, and you’ll know exactly how much it is that you be required to pay, and when, starting from the very first day. There’s no compounding 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 apply for a loan no cost upfront or any obligation to sign up.
The Origination Fee covers the costs associated with setting up and managing the loan. The only way to pay this cost if you take out the loan. Our Origination Fee is 2.5% of the amount of loan.
You can decide to repay the total amount of your loan in full at any time.
If you are deciding to take this route, please speak to our friendly business loans experts. They’ll provide you with the details of your repayment as well as an early payout amount. This is calculated as the total of the principal balance and any accrued interest at the date of early payout, plus 1.5% of the principal balance and any outstanding fees.
To help you avoid missing payment dates and to align with your cash flow general, we provide repayments either weekly or daily. These are automatically deducted from your business account.
The security of your personal information, as well as making it clear the ways we gather, use, exchange and secure your information, is of paramount importance and is a crucial part of our relationship with you.
Yes. We use industry recognised encryption standards to protect your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our dedication to security for our clients and privacy. We use an advanced bank verification system that allows you to immediately verify the bank account details online to offer rapid response.
Asset-based borrowing occurs when an company owner uses the assets they have to make the funding. The asset may be a personal asset like the family home, or a business asset such as a vehicle as well as a piece of machine.
The vast majority of lenders, not just the big banks, tend to guarantee loans against an asset. If you’re struggling to pay back the loan, your asset may be sold by the lender. In essence, it is an opportunity to secure additional financing making use of the value of what you already own.
For loans up to $150,000 it is not necessary to secure assets upfront to access the money, however we do need an individual guarantee. If you adhere to your loan obligations (as stipulated in your loan contract document) Asset security is not required. For loans of over $150K generally, there is the option of a personal guarantee and security in the form charges on assets.
We can’t assist with an unsecured business loan for these industries, we may be able to assist you with an secured business loan.
