Services in Eyre
- Eyre Unsecured Business Loan
- Eyre Business Finance
- Eyre Business Lending
- Eyre Business Loan
- Eyre Small Business Finance
- Business Funding Eyre
- Working Capital Eyre
- Small Business Lending Eyre
- Eyre Short Term Business Loan
The criteria for eligibility for an unsecured business loan in Adelaide of between $5K and $100K are pretty minimal.
Looking for more funding? Find out the eligibility requirements for our $100K to $500K business financing.
All that is needed for starting is your contact details (the name of your company, your name, email, phone) as well as the amount you’d like to borrow, and your monthly income.
While in the process and before settlement we will require confirmation of your identity, but not before we can begin:
After we start with loans that exceed $150,000, you’ll need basic financial statements.
Let’s get started.
Adelaide 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.
It is imaginable to apply to this Small Business Loan in under 10 minutes over the phone. You’ll get an immediate response, and the money could be in your account within 24 hours. Traditional company loans reference an interest rate per annum together with additional fees and charges. The company loan is a loan that is priced upfront which means you be aware of the total amount payable including any fees, charges or charges. This is then broken down into a daily or weekly payment amount.
A Small Business Loan can be used to fulfill almost every company use, including the management of cash flow, business improvements, advertising to purchase inventory or new equipment, to fund general working capital, and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans are between $100,000 and $500,000 for a fixed period of that can last up to 36 months. The repayments are made weekly or fortnightly, depending on your cash flow.
A Larger Business Loan has an Origination Fee that is determined at 2.5 percentage of the loan amount.
To be eligible for a loan that is this large, your company needs to be operating for at least three years and generate an annual revenue of at least $700K. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A larger business loan can be used for almost any business purpose including business remodeling, buying inventory or new equipment, as general working capital, and much more. The loan cannot be used for personal reasons.
Asset security is necessary to access funding over $150,000. It’s in the form of a charge on assets, and could include registration through the PPSR or registering a caveat.
A director’s or personal guarantee is a promise to pay off a credit line that is general in nature rather than defining security over a particular asset. The person who is signing the guarantee is personally liable if the company creditor is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It reflects security interests that are registered for personal property (including items or assets). The PPSR grants the priority of personal property granted depending on the date that a registration of a security interest.
An affidavit is an official document filed to offer the public notice of a legal claim to property.
If you’re requesting larger company loans that is greater than $250K we can offer a preliminary pre-approval to help smooth out the process. We might be able to apply for this without credit checks and within six hours of your initial application. This pre-approval is based on an initial assessment that includes answering a couple of financial health questions. It’s not an offer of credit or guarantee of financing. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you receive could have different conditions.
You may be eligible for an business loan if you;
The process for applying is fast and simple. Complete the online form within a few minutes and a dedicated business credit specialist will call you to assist you.
To apply for up to $100,000 you’ll require the right identification documents (valid Driver’s License), an active NZBN/IRD, and at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll also require:
$100K – $250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K-$500K: Details of the application, including credit consent twelve months bank statement, an IRD statements and the last two years’ finalised financial statements, as well as interim financials for the current financial year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K to $100K) we usually provide an answer within an hour if you submit your request within standard company hours and permit us to utilise the bank verification system to instantly verify your bank information online. If you want to upload copies of your banking statement, we’ll offer a decision in as little as one company day.
If you are applying for a Larger Business Loan ($100K or more) we might be likely to provide you with conditional pre-approval in around 6 hours. After you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive 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 fastest way is to make sure you apply during normal business hours, and permit us to use the modern bank verification link to instantly verify your bank account information online. If you send us the copies of bank accounts, it will take a little longer.
For the Small Business Loan ($5K or more) we can often provide an answer within one hour, provided you apply in normal business hours and you allow us to utilise the advanced bank verification system 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 in as little as one business day.
If you are applying for Larger Business Loans ($100K and up) we may be likely to provide you with pre-approval conditional to your application within about 6 hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this can be faster depending on the specifics of each application. Some deals have been approved within just 24 hours.
The fastest method for you to apply is ensure you apply during normal business hours and permit us to use the advanced bank verification system to instantly check your bank’s information online. If you decide to upload the copies of bank statement, 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 look at a variety of factors in order to assess how much we can lend you well-being of the business and the amount of payments your company can support. The total amount of your loan will be contingent on the specific circumstances that are unique to your company.
When you submit an application for a specific amount we consider a variety of factors to assess your health of your company as well as the amount of the repayments your company is able to afford. The amount you receive from the loan will be determined by the particular circumstances for your business.
When you request our business loan, we’ll assess the risk assessment that you have for your company and provide you with a customised offer, including the amount of the loan, the duration and the interest rates. This business loan is a loan that is priced upfront therefore you will know in advance the total amount to be paid, including any charges, interest rates or fees.
Business loan interest rates differ based on various variables like the amount to be that is borrowed, what business assets the money are used to purchase in addition to the industry that the company operates in, how long the company has been running as well as how long the company has enough cash flow to fund the loan, and also the general health as well as creditworthiness company.
There aren’t any hidden charges with our company loans, and you’ll be aware of the amount you’ll be required to pay, and when, from the first day. There’s no compounding interest, and no extra fees (as long as you make your payments punctually).
We do not charge an Application Fee. You are able to make an application for loans with without any upfront costs or any obligation to sign up.
The Origination Fee is the cost associated in establishing and managing the loan. It is only charged for this fee if you 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 your loan in full at any time.
If you are deciding to take this route, please call our helpful business loans specialists. We will provide you with details for repayment along with an early payout estimate. This will be calculated as the sum of the remaining principal amount and the accrued interest up to the time of early payout, plus 1.5% of the principal remaining as well as any outstanding fees.
In order to help you avoid missing repayments and to fit in your cash flow cycle we offer repayments either weekly or daily. They will be automatically deducted from the nominated company account.
Protecting your information, and making it clear the ways we gather, use, exchange and ensure the security of your information is vital and a vital aspect of our relationship with you.
Yes. We employ industry-recognised encryption standards to secure your personal, sensitive financial information and our funders are ISO 27001 qualified for our dedication to security for our clients and privacy. We utilise a sophisticated bank verification system that allows you to immediately confirm your bank account information online. This allows us to provide quick responses.
The term "asset-based" refers to borrowing where a company owner utilises the assets they have to make a loan. The asset can be an individual asset, such as the family home or an business asset such as a vehicle as well as a piece of machine.
The vast majority of the lenders even the largest banks, are inclined to guarantee loans against assets. If you’re struggling to pay back the loan, then the asset might be taken over by the lender. In essence it’s means of securing new funding using the worth of the asset you already have.
For loans of up to $150K, it is not necessary to secure assets before you can access the money However, we do require a personal guarantee. As long as you follow your loan commitments (as specified in your loan contract document) the security of assets will never be needed. For loans of over $150K generally, there is a personal ensure and security in the form an asset charge.
