A Riverstone unsecured business loan is quick and simple to obtain. Request a quick approval and begin using the money in your business.
What you can expect:
The criteria for eligibility for an unsecured business loan within Riverstone are fairly minimal.
Call Now 1300 560 988Requesting a business financing within Riverstone with us is simple and only takes about a couple of minutes, there are no piles of paperwork or long waits.
Receive approval and funds in 1 – 2 company days.
We aim to help Riverstone companies of all types, whether small, medium or soloprenuers to get access to money quickly, so that they can utilise the loan to expand and develop.
The requirements for obtaining an unsecured business loan in Riverstone of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Find out the guidelines for eligibility for our $100K to $500K business loan.
The criteria to be eligible to be eligible for larger Riverstone business loans of between $100K and $500K consist of:
Are you looking for a lower amount of funds? Look over the eligibility requirements for our $5K-$100K Riverstone unsecured business loans.
A Riverstone unsecured loan is perfect for nearly every company purpose. Contact us now.
Do you want to begin one of these projects as soon as tomorrow? So, contact us now or apply online to get the fastest and most effective process.
All you need for starting is your contact details (the name of your company, your name, email and telephone) and the amount you want to borrow, and your monthly revenue.
Through the process and before settlement we will require confirmation of who you are, but not before we can begin:
After we start when it comes to loans greater than $150,000 you’ll need fundamental financial statements:
Let’s get started now.
With traditional lenders and banks tightening credit conditions, the steady stream of alternative and non-bank loan providers entering the market offers a great resource to take advantage of.
Riverstone SME’s are now in a position to obtain finance via alternate lenders servicing Riverstone who are focused on facilitating business expansion or smoothing out the cash flow problems. In the past, when the personal sources of credit (drawing equity from the home loan or credit cards, personal loans and the overdraft) were the only alternative financing solutions available in Riverstone that were available.
There’s an end to the requirement for you to rely on real estate to secure business loan. With an unsecured loan, business financing is easy. Instead of a term loan through banks, business finance for a small business with interest rates and loan terms that aid with cash flow are available as business credit options.
There are numerous benefits with separating personal and company debt.
Limit your exposure, make your tax time more simple, apply for an unsecure busines loan. Make an application today.
The main benefit of keeping your individual and company assets apart can be that your home isn’t required to be tied to the funds. In the case of a business loan within Riverstone up to $100K the security of assets won’t be required so long as the borrower meets their loan obligations.
Companies will be in a advantageous long-term situation if they can show good credit and debt capacity to pay.
Separating personal and business financial accounts makes it more straightforward with regards 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 guidelines for the documentation required for claiming deductions on the tax return of a company. This is an area that the IRD have specifically advised on.
A well-organised cash flow management system is crucial to the long-term success that of any business. Through keeping personal and company finances distinct, businesses can easily view the situation, track and plan based on their ability to easily assess their cash flow position.
Riverstone unsecured loans offers amounts between $5,000 and $100,000 with terms between 3 and 24 months and cash flow-friendly repayments, which are either daily or weekly.
The application to this Small Business Loan in under 10 minutes via the internet or over the phone, receive a same day response and the money could be available in just 24 hours. Traditional business loans are based on an annual rate of interest plus other fees and charges. The business loan is a pre-paid loan and you’ll know ahead of time the total amount payable including any fees, charges or charges. This is then broken down into either weekly or daily amount to be paid back.
It is a Small Business Loan can be used for nearly any company use, including the management of cash flow, business renovations, marketing, to purchase inventory or new equipment, for general working capital and so much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help business growth opportunities. Loans range from $100,000 to $500,000 with a fixed-term with a maximum of 36 months. Repayments are weekly or fortnightly to work with your cash flow.
The Larger Business Loan has an Origination Fee that is calculated at 2.5 percent of the amount of the loan.
To qualify for a loan in this amount, your company needs to have been trading for at least 3 years and have an annual turnover of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A larger company loan can be used for almost all company purpose including business improvements, purchasing equipment or inventory for general working capital and much more. The loan cannot be used for personal use.
Asset security is necessary for accessing funds over $150,000. It’s by way of charge against assets and can include the registration of this with the PPSR or filing as a caveat.
A director’s or personal guarantee is a promise to pay off a credit line that is general in nature rather than stipulating security over an asset. The person who signs the guarantee is personally liable if the company lender is not able to pay back the debt.
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 the assets or goods). The PPSR allows priority over personal property to be assigned depending on the date that a security interest that is registered.
An affidavit is an official form of document to provide the public notice of a legal claim to property.
If you’re seeking larger company loans of more than $250K, we may offer an initial pre-approval that will help ease the process. We may be able to get this done without credit checks and within 6 hours of your initial application. The pre-approval process is based on an initial evaluation that involves you answering some financial health checks. It’s neither an offer nor a guarantee of finance. A conditional approval is subject an exhaustive credit evaluation, and any offer you receive could be based on different terms.
You may apply for a business loan if you:
The application process is simple and simple. Just fill out the online application within a few minutes and a dedicated business expert in lending will contact you to guide you.
To apply for up to $100,000 you’ll require proof of identity (valid Driver’s Licence) as well as an active NZBN/IRD, and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K to $250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K to $500K: Information on the application including credit consent and 12 months bank statement, an IRD statement as well as the two most recent years’ financial statements, plus interim current financial year financials as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K and up) we usually provide a response in one hour if you submit your request during standard business times and let us use the advanced bank verification system link to instantly verify your bank details online. If you want to upload copies of your banking statements we can provide an answer within just 1 business day.
For Larger Business Loans ($100K and up) we may be in a position to offer the conditional pre-approval within about six hours. Once you’ve signed the pre-approval document, you will need to wait about 2-3 days for final approval, however this could be shorter based on the particular circumstances of each application. Certain offers have been approved in the space of 24 hours.
The quickest way to apply for you to apply is ensure you apply during normal business hours, and allow us to use our advanced bank verification system to verify your bank information online. If you decide to upload documents from your account statements it can take a bit longer.
For the Small Business Loan ($5K up to $100,000) We can usually provide an answer within an hour if you make your application in normal business time and permit us to use the bank verification system to instantly verify your bank’s information online. If you decide to upload copies of your bank statements, we’ll be able to provide a decision in as little as one business day.
For Larger Business Loans ($100K and up) We may be able to offer you with conditional pre-approval within 6 hours. After you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however it could be faster based on the particular circumstances of each application. Some transactions have received approval within just 24 hours.
The fastest way can be ensure you apply during standard business hours. You can also let us use the advance bank verification link to instantly check your bank’s information online. If you opt to send us documents from your account statements it takes a bit longer.
We offer loans ranging from $5,000 and $500,000. When you make an application for a certain amount, we consider a variety of variables that determine the well-being of your business and the level of payments your company can afford. The amount you receive from your loan will be contingent on the particular circumstances the business.
When you make an application for a specific amount we look at a range of aspects to determine your well-being of the company as well as the amount of payments your business can support. The total amount of your loan will be contingent on the particular circumstances for your business.
When you request business loans with us business credit, we will assess the risk assessment that you have for your company and provide an individualised offer, including the loan amount, the terms and the interest rates. It is a company loan is a loan that is priced upfront and you’ll know the exact amount to be paid, including any charges or interest.
Interest rates for company loans rates depend on several factors like the amount of money of money borrowed, the company assets the money are used to purchase, the industry the company is in, how long the business has been running, how long the business has sufficient cash flow to pay for the loan, and general well-being or financial standing of the company.
There are no hidden costs with our company loans, and you’ll be aware of the amount you’ll need to pay and when, from the day you sign up. There’s no compounding interest and no additional fees (as as long as you pay your payments in time).
We do not charge an Application Fee. You are able to request a credit loan absolutely no upfront cost and no commitment to apply.
The Origination Fee covers the costs associated in establishing and managing the loan. You are only charged this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You can choose to repay the total amount of your advance loan at any time.
If you choose to take this route, please contact our helpful company loan experts. They’ll offer you with details on repayment and an early payment figure. It will be calculated using the total of the principal remaining and the accrued interest up to the time of the early payout and 1.5% of the remaining principal and any fees that remain unpaid.
To ensure that you don’t miss payments and to work your cash flow cycle we provide repayments either daily or weekly. These are automatically deducted from your nominated company account.
The security of your personal information, as well as knowing how we collect, use, exchange and safeguard your data, is of huge importance and is an essential element of our relationship with you.
Yes. We utilise industry-recognised encryption standards to secure your sensitive, personal financial information and our funders are ISO 27001 qualified for our commitment to protecting the security of clients and security. We use an advanced bank verification system to immediately confirm your bank account information online. This allows us to offer an immediate response.
Asset-based borrowing is when an business owner utilises an asset they own to get the funds for a loan. The asset can be an individual asset, such as the family home, or a business asset such as a truck or piece of equipment.
The vast majority of lending institutions, even the banks with the biggest size, prefer to guarantee loans against assets. If you’re struggling to pay back the loan, then the asset might be sold by the lender. In essence, it’s a way of securing new funding making use of the value of what you already own.
For loans up to $150K the requirement for asset security is not required before you can access the money However, we do need a personal guarantee. As long as you follow the loan terms (as detailed in your loan contract) the security of assets is not needed. 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 in these types of industries, we may be able to assist with an secured business loan.
