A Riverstone unsecured business loan is easy and quick to get. Approve your loan in a matter of minutes and use the money to grow your business.
You can expect:
The eligibility requirements for an unsecured business loan within Riverstone are fairly minimal.
Call Now 1300 560 988Making an application for the company loan within Riverstone with us is simple and only takes less than a minute, with no piles of paperwork or long waits.
Receive approval and money within 1-2 company days.
We are aiming to assist Riverstone companies of all types, whether small, medium or soloprenuers to get access to money quickly, so that they can make use of the loan to grow and build.
The requirements for getting an unsecured business loan in Riverstone of between $5K and $100K is fairly low.
Are you looking for additional funding? Find out the guidelines for eligibility for our $100K to $500K company loans.
The eligibility requirements in larger Riverstone company loans of between $100K to $500K comprise:
Looking for a smaller amount of money? Look over the eligibility requirements for our $5K-$100K Riverstone unsecured business loans.
A Riverstone unsecured loan is perfect for nearly every business need. Talk to us today.
Are you looking to start one of these as soon as tomorrow? Get in touch with us today or send an application online for the quickjest fasted way.
All that’s required to start is your contact information (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 need confirmation of your identity, but not for starting:
After we start, for loans that exceed $150,000, you’ll also need the following financial statements:
Let’s get started.
In the wake of traditional lenders and banks restricting credit, the steady stream of non-bank and alternative loan providers that are entering the market provides an excellent source for you to make use of.
Riverstone SME’s are now able to access finance through alternative lenders that service Riverstone who are focused on enabling business expansion or smoothing cash flow issues. In the past individual credit providers (drawing equity from the house loan or credit cards and personal loans as well as loans) were the only alternative funding services available in Riverstone that were available.
There is now no need in the present to depend on real estate to secure business credit. With an unsecured loan, business financing is now easy. Instead of a term loan through banks, business finance for a small business with interest rates and loan terms that can help to manage cash flow are around as business lending options.
There are many benefits with the separation of personal and business debt.
Lower your risks, make the tax process much easier. Get started with an unsecure business loan, apply today.
One big drawcard for keeping your business and personal business assets apart will be the fact that your home does not have to be tied to access the funds. For a modest business loan within Riverstone up to $100K an asset security agreement will not be needed as in the event that the borrower has met the loan requirements.
Companies are in a favourable long-term position if they have a good credit or debt capability.
The separation of personal as well as business financial accounts makes it more seamless when it comes to tax time, particularly when determining what is the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the rules on the evidence required in order to deduct deductions from an individual’s tax return. This is an area where the IRD has specifically advised on.
Effective management of cash flows is vital to the long-term viability in any business. Through keeping the personal financial and business finances distinct, companies can easily view how they are performing, monitor and plan on their ability to accurately evaluate their cash flow situation.
Riverstone unsecured loans offers the range of $5,000 to $100,000 with terms between 3 and 24 months, cash flow friendly repayments, which are either daily or weekly.
It is possible to apply for the Small Business Loan in under 10 minutes online or on the phone. You’ll receive an instant response and funds may be available in just 24 hours. Traditional business loans have an annual interest rate along with other charges and fees. This business loan is a loan that is priced upfront and you’ll know ahead of time the amount you will have to pay, including the interest, fees and charges. Then, it is broken down into either weekly or daily amount to be paid back.
A Small Business Loan can be used for nearly every business reason, such as managing cash flows, business remodeling, marketing, to purchase inventory or new equipment, to fund general working capital, and much more. The loan cannot be used for personal purposes.
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 for up to 36 months. Repayments are either weekly or fortnightly to work with your situation.
This Larger Business Loan has an Origination Fee, which is determined at 2.5 percentage of the loan amount.
To be eligible for a credit of this size, your company needs to be in operation for at least 3 years and generate an annual revenue of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A large business loan can be used for nearly all business reason, such as business improvements, purchasing equipment or inventory, as general working capital, and much more. The loan cannot be used for personal reasons.
Asset security is needed for accessing funds over $150,000. It is usually as a result of an charge on assets, and may include registering this in the PPSR or registering as a caveat.
A director’s or personal guarantee is a promise to repay credit that is generally based rather than specifying the security for a particular asset. The person signing the ensure is personally liable if the company borrower is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It contains security interests granted to individuals who own personal property (including the assets or goods). The PPSR allows prioritisation over property that is personal to be granted in accordance with the date on which a registration of a security interest.
Caveats are legal document filed to provide an official notice of a claim to property.
When you’re applying for larger company loans of $250,000 or more we may be able to provide a preliminary pre-approval to help make the process. It is possible to apply for this without a credit check and within six hours of your initial application. The pre-approval process is based on an initial assessment, which involves the answer to a series of financial well-being checks. It is not an offer of credit or guarantee of funds. Unconditional approval is subject to an extensive credit evaluation and any offer that you may receive may be based on different conditions.
You are eligible to apply for an company loan if you;
The process for applying is fast and easy. Just complete the online application within a few minutes and an experienced business lending specialist will be in touch to guide you through the process.
For a loan of up to $100,000 you’ll need proof of identity (valid Driver’s License) and a valid NZBN/IRD and at least six 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 to $500K: Details for application including credit consent, 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, and interim financial statements for the current year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K up to $100,000) we can often provide an answer within one hour, provided you apply in standard business times and permit us to 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 a decision in just one company day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we may be likely to provide you with pre-approval conditional to your application within about six hours. After you’ve signed your pre-approval, the turnaround time is about 2-3 days for final approval. However, this could be shorter based on the particular circumstances of each application. Certain agreements have been approved within 24 hours.
The fastest way can be ensure you apply during normal company hours and let us use the advance bank verification link to instantly verify your bank account information online. If you choose to send us documents from your account statements , it may take a bit longer.
For the Small Business Loan ($5K up to $100,000) we typically provide a response in one hour – as long as you make your application within standard business timings and let us use the advanced bank verification system link to immediately verify your bank account information online. If you decide to send us copies of your bank statements, we will be able to offer the decision within one business day.
For the Larger Business Loans ($100K and up) We may be capable of offer the conditional pre-approval in around 6 hours. Once you have signed the pre-approval form, it will take between 2 and 3 days for the final approval, however it could be faster based on the specifics of each application. Some offers have been approved within the space of 24 hours.
The most efficient method is to make sure you apply during normal business hours, and permit us to use the sophisticated bank verification to instantly check your bank’s information online. If you upload documents from your account statements, it takes a bit longer.
We provide loans that range from $5,000 and $500,000. If you apply for a specific amount we look at a variety of factors that determine what is the health for your business and the extent of payments your business is able to afford. The total amount of your loan will depend on the specific circumstances the company.
When you make an application for a certain amount, we take into consideration a variety of factors to determine your well-being of your company and the amount of repayments your company can support. The amount you receive from your loan will be contingent on the particulars that are unique to your company.
When you apply for the company loans, we will assess the risk assessment of your business and provide you with a customised offer that includes the loan amount, the terms and the interest rates. A company loan is a loan that is priced upfront which means you be aware of the total amount to be paid, including any charges or interest.
The interest rates on business loans rates differ based on various factors such as the amount that is borrowed, what company assets the money are used to purchase in addition to the industry that the company operates in, how long the company has been running, whether the business has enough cash flow to support the loan, and overall health or financial standing of the business.
There aren’t any hidden costs for our business loans. You’ll be aware of the amount it is that you need to pay and when, from the day you sign up. There’s no compounding interest and no additional fees (as as you make your payments punctually).
We don’t charge an application fee. You can request a credit loan with without any upfront costs or any obligation to sign up.
The Origination Fee includes the expenses associated in establishing and managing the loan. It is only charged for this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of loan.
You can choose to repay the entire amount of the loan in full at any time.
If you choose to pursue this option, please contact our helpful company loans experts. They’ll offer you with repayment details along with an early payout estimate. The figure will be calculated as the total of the principal balance and accrued interest to the time of early payout and 1.5 percent of the principal remaining plus any outstanding fees.
To ensure you do not miss payments and to work your cash flow cycle we provide repayments either weekly or daily. They are automatically deducted from your designated company account.
Making sure that your information is secure, and being clear about the ways we gather, use, exchange and protect your information, is of paramount importance and is a crucial aspect of our relationship with you.
Yes. We use industry recognised encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to security for our clients and security. We make use of an advanced bank verification system that allows you to immediately verify your bank account details online. This allows us to offer rapid response.
Asset-based borrowing is when a company owner borrows from an asset they own to secure the funds for a loan. The asset could be an individual asset, such as the family home, or an business asset such as a truck or other piece of machinery.
The vast majority of banks, not just the banks with the biggest size, prefer to guarantee loans against an asset. If you are having difficulty paying back the loan, the asset might be transferred to the lender. In essence it is the process of securing new financing by making use of the value of what you already have.
Up to $150,000 in loans no asset security is required upfront to access the money however, we require a personal guarantee. require a personal guarantee. If you adhere to your loan commitments (as stipulated in your loan contract) Asset security is not needed. If you take out loans in excess of $150,000 generally, you are able to get a personal guarantee and security in the form an asset charge.
While we aren’t able to help with an unsecure business loan in those industries, we might be able to assist by providing the secured business loan.
