Services in Eyre
- Eyre Unsecured Business Loan
- Eyre Business Finance
- Business Lending Eyre
- Eyre Business Loan
- Small Business Finance Eyre
- Eyre Business Funding
- Working Capital Eyre
- Small Business Lending Eyre
- Short Term Business Loan Eyre
The criteria for eligibility for an unsecured business loan in Adelaide of between $5K and $100K are fairly minimal.
Need more funds? Find out the eligibility requirements for our $100K-$500K business loan.
All that is needed to begin is your contact details (the name of your company, your name, email and telephone) along with the amount you’d like to lend, and your monthly earnings.
Through the process and before settlement we’ll need confirmation of your identity but not to get started:
Once we’ve started when it comes to loans that exceed $150,000, you will also require the following financial statements:
Let’s get started now.
Adelaide unsecured loans offers amounts of between $5,000 and $100,000 with terms between 3 and 24 months and cash flow friendly repayments that are either per day or weekly.
It is possible to apply to your Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive an immediate response, and have the funds in your account within 24 hours. Traditional business loans are based on an annual rate of interest plus other fees and charges. The business loan is an upfront priced loan therefore you’ll be aware of the total amount payable including the interest, fees and charges. This is then broken down into either weekly or daily installment amount.
A Small Business Loan can be used for almost every business purpose including managing cash flows, business renovations, marketing to purchase inventory, new equipment, as general working capital and much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund company growth 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 in order to accommodate you cashflow.
A Larger Business Loan has an Origination Fee which is calculated at 2.5 percentage of the loan amount.
To qualify for a loan in this amount the business needs to have been operating for at least three years and have an annual turnover of at least $700K. You must 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 to prove at least 12 months of trading.
A larger company loan can be used for almost every business use, including company improvements, purchasing equipment or inventory, as general working capital and so much more. The loan cannot be used for personal reasons.
Asset security is required to obtain funding above $150,000. It is usually as a result of an charge over assets, and may be registered with the PPSR or registering a caveat.
A director’s or personal ensure is a promise to repay credit that is generally based rather than stating the security of a specific asset. The person who signs the ensure is personally responsible if the business the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It records security interests that have been registered in respect of personal property (including objects or assets). The PPSR allows priority over personal property to be assigned depending on the date that a security interest was registered.
Caveats are legal document that is filed to provide notice of a legal claim on a property.
If you’re seeking a Larger Business Loan that is greater than $250,000 we may be able to provide an initial pre-approval to smooth out the process. We might be able to do this without a credit check, and within 6 hours of the initial application. This pre-approval is based on an initial evaluation that involves you answering a few financial health checks. This is in no way an offer, nor is it a guarantee of financing. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer that you may receive may be on different terms.
You can apply for a business loan if you
The application process is simple and easy. Simply complete the online form within a couple minutes, and a dedicated business loan specialist will call you to guide you.
To apply for up $100,000, you’ll require identification details (valid Driver’s License) and an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K-$250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K – $500K: Details for application including credit consent, 12 months of bank statements, IRD statement and the last two years’ finalised financial statements, as well as interim financial statements for the current year including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K up to $100,000) we usually offer an answer in just one hour if you make your application in quality company hours and allow us to use the advanced bank verification system to instantly verify your bank details online. If you want to send us copies of your bank statements , we are able to provide a decision in as little as 1 company day.
For the Larger Business Loan ($100K and up) we might be likely to offer you with a conditional pre-approval within 6 hours. Once you’ve signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval, however this may be quicker depending on the specifics of each application. Some offers have been approved in less than 24 hours.
The fastest way would be to ensure you apply during standard company hours. You can also let us use the modern bank verification to verify your bank information online. If you opt to upload duplicates of your banking statement, it will take a little longer.
For the Small Business Loan ($5K or more) we usually provide an answer in just one hour if you submit your request in standard business hours and let us use the bank verification system link to instantly verify your bank information online. If you choose to send us copies of your bank statements, we are able to provide an answer within an business day.
If you are applying for Larger Business Loans ($100K and up) we may be capable of provide you with a conditional pre-approval in about 6 hours. Once you have signed the pre-approval form, it will take around 2-3 days for final approval, however this can be faster depending on the circumstances of each application. Certain deals have been approved within the space of 24 hours.
The most effective method can be make sure you apply during normal business hours and permit us to use the sophisticated bank verification link to instantly verify your bank information online. If you opt to send us copies of your bank statements it takes a bit longer.
We provide loan amounts between $5,000 and $500,000. When you make an application for a certain amount we look at a variety of aspects that determine the health of the company and the extent of the repayments your company is able to afford. The amount you receive from your loan will depend on the specific circumstances the company.
When you make an application for a specific amount we look at a range of elements to determine how much we can lend you such as well-being of the business and the level of the repayments your company is able to afford. The total amount of the loan will be determined by the specifics of your business.
When you apply for business loans with us company credit, we’ll assess the risk assessment the business and offer an individualised proposal that includes the loan amount, the terms and the interest rates. It is a company loan is an upfront cost loan which means you know in advance the total amount payable including 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 will be used for and the sector the business is in, how long the business is in operation as well as in the event that the business has enough cash flow to support the loan, and the overall health or creditworthiness of the business.
There aren’t any hidden costs with our business loans, and you’ll know precisely how much you need to pay and when, starting from the first day. There’s no compounding interest, and no additional fees (as long as you are able to make your payments in time).
We do not charge an Application Fee. You are able to request a credit loan with with no upfront cost or obligation to proceed.
The Origination Fee covers the costs associated in establishing and managing the loan. This is only a fee if you decide to take the loan. The Origination Fee for us is 2.5% of the amount of the loan.
You may choose to pay back the total amount of your loan in full at any time.
If you decide to do this please call our helpful company loan experts. They’ll offer you with repayment details and an early payout figure. It will be calculated using the total of the principal amount remaining and any accrued interest at the time of early payout, plus 1.5 percent of the principal remaining as well as any outstanding fees.
To make sure you do not miss payments and to work your cash flow cycle we offer repayments that are either daily or weekly. They will be automatically deducted from your business account.
Security of your data, and being clear about the ways we gather information, use it, and exchange it, as well as ensure the security of your information is of paramount importance and an integral part of our relationship with you.
Yes. We make use of industry-standard encryption techniques to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our dedication to protecting the security of clients and privacy. We make use of an advanced bank verification system to immediately verify your bank account information online. This allows us to offer a fast response.
Asset-based borrowing occurs when the business owner utilises assets they own to obtain the funds for a loan. The asset can be an asset belonging to the personal, like the family home or an business asset such as a truck as well as a piece of machine.
The vast majority of lenders, even the major banks, prefer to make loans secured by an asset. If you have trouble paying back the loan then your asset may be offered for sale by the lender. In essence it is a way of securing additional financing using the worth of the asset you already own.
For loans that exceed $150K, it is not necessary to secure assets upfront to access the money, however we require a personal guarantee. need a personal guarantee. As long as you follow your loan commitments (as stipulated in your loan contract document), asset security is not needed. For loans over $150K generally, there is a personal guarantee and security is provided in the form of an asset charge.
