Services in Eyre
- Eyre Unsecured Business Loan
- Business Finance Eyre
- Eyre Business Lending
- Business Loans Eyre
- Eyre Small Business Finance
- Eyre Business Funding
- Working Capital Eyre
- Small Business Lending Eyre
- Eyre Short Term Business Loans
The requirements for obtaining an unsecured business loan in Adelaide of between $5K and $100K is fairly low.
Do you need more money? Take a look at the guidelines for eligibility for our $100K-$500K business loan.
All that’s required to get started is your contact details (the name of your company and your name, as well as email, phone) along with the amount you’d like to borrow, and your monthly earnings.
While in the process and before settlement we will require confirmation of who you are, but not for starting:
After we start with loans that exceed $150,000, you’ll need the following financial statements:
Let’s get started now.
Adelaide unsecured loans offers the range of $5,000 to $100,000, with terms ranging from 3 and 24 months, cash flow-friendly repayments that are either daily or weekly.
You can apply for the Small Business Loan in under 10 minutes online or by phone. You will receive a same day response and funds may be in your account in 24 hours. Traditional company loans reference an annual interest rate along with other charges and fees. This business loan is a cash-based loan so you will know in advance the amount you will have to pay, including any fees, charges or charges. Then, it is broken down into a daily or weekly installment amount.
A Small Business Loan can be used for almost any business use, including control of cash flow company remodeling, marketing to purchase inventory or 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 from $100,000 to $500,000 with a term fixed up to 36 months. The repayments are made weekly or fortnightly in order to accommodate your cash flow.
The Larger Business Loan has an Origination Fee that is calculated at 2.5 percent of the loan amount.
In order to be eligible for a loan in this amount the business needs to have been operating for at least three years and generate an annual revenue of $700K. You must be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.
A larger company loan can be used for almost every business need, including business renovations, to purchase equipment or inventory for general working capital, and much more. The loan cannot be used for personal purposes.
Asset security is required to access funding over $150,000. It is usually by way of charge over assets, and may include registering this through the PPSR or registering a caveat.
A personal or director’s ensure is a commitment to repay a loan which is general in nature rather than stipulating the security for a particular asset. The person who signs the guarantee is personally responsible if the company creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It contains security interests registered in respect of personal property (including objects or assets). The PPSR gives priority over personal property to be assigned in accordance with the date on which a security interest was registered.
An affidavit is an official document that is filed to provide an official notice of a claim to property.
If you’re applying for a Larger Business Loan that is greater than $250,000, 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 the initial application. The pre-approval is based upon a preliminary assessment which includes the answer to a series of financial well-being questions. It is in no way an offer, nor is it a guarantee of financing. A conditional approval is subject an exhaustive credit evaluation, and any offer you receive could have different conditions.
You may be eligible for a company loan if you:
The application process is fast and simple. Simply complete the online form within a couple minutes, and an experienced company loan specialist will call you to guide you through the process.
To be eligible for up to $100,000 you’ll need ID details (valid Driver’s License), a valid NZBN/IRD and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K to $250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K-$500K: Application details including credit consent and 12 months of bank records, IRD statements Last 2 years’ finalised financial statements, plus interim financial statements for the current year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K to $100K) we usually provide an answer in just one hour if you submit your request within quality business time and allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statements , we will be able to offer an answer in as little as an company day.
For the Larger Business Loan ($100K and up) we could be in a position to offer you with a conditional pre-approval within about 6 hours. After you’ve signed the pre-approval document, you will require to wait approximately 2-3 days to receive final approval, however this can be quicker based upon the circumstances for each application. Certain offers have been approved within just 24 hours.
The quickest method can be make sure you apply during standard company hours and allow us to use our advance bank verification link to check your bank’s information online. If you choose to send us the copies of bank statement, it may take a bit longer.
For the Small Business Loan ($5K or more) we usually offer an answer in just one hour – as long as you apply at normal business time and let us use the bank verification system to immediately verify your bank account information online. If you decide to submit copies of your bank statements, we’ll be able to offer an answer within one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we might be capable of offer the conditional pre-approval within 6 hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however it could be faster based on the specifics of each application. Some deals have been approved within less than 24 hours.
The most efficient method is to make sure you apply during normal business hours. You can also allow us to use the sophisticated bank verification to instantly verify your bank account information online. If you send us copies of your bank statements, it may take a bit longer.
We provide loans that range from $5,000 to $500,000. If you apply for a certain amount we consider a variety of aspects for determining how much we can lend you well-being of your company and the extent of repayments your business will be able to support. The amount you receive from your loan will be contingent on the specifics that are unique to your company.
When you make an application for a specific amount we look at a range of factors to assess your health of your business as well as the amount of repayments that your business can support. The total amount of your loan will depend on the specific circumstances for your company.
When you apply for business loans with us company financing, we will assess the risk assessment of your business and provide you with a customised offer that includes the amount of the loan, the duration and the interest rates. This company loan is a loan that is priced upfront and you’ll know the exact amount payable including any charges or interest.
The interest rates on business loans rates depend on several factors such as the amount that is borrowed, the company assets the funds are used to purchase and the sector the company is in, how long the business has been in operation and in the event that the company has sufficient cash flow to support the loan, and the overall well-being or creditworthiness of the business.
There aren’t any hidden costs for our company loans. You’ll know precisely how much you be required to pay and at what time, from the day you sign up. There’s no compounding and no extra fees (as as long as you pay your payments on time).
We do not charge an application fee. You are able to get a cash loan with without any upfront costs or the obligation to take action.
The Origination Fee covers the costs associated with setting up and managing the loan. This is only a cost if you take out the loan. Our Origination Fee is 2.5 percentage of the amount of loan.
You can choose to repay all of your loan early at any time.
If you do decide to do this please call our helpful business loan specialists. They will provide you with repayment details along with an early payout estimate. The figure will be calculated as the total of the principal amount remaining plus any accrued interest as of the time of early payment plus 1.5 percent of the principal balance and any fees that remain unpaid.
In order to help you avoid missing repayments and to fit in your cash flow cycle we provide payments that are either weekly or daily. They will be automatically deducted from your nominated company account.
The security of your personal information, as well as making it clear how we collect data, process, exchange and secure your information, is of huge importance and is a crucial element of our relationship with you.
Yes. We use industry recognised encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 qualified for our commitment to security for our clients and security. We utilise a sophisticated bank verification system link to immediately verify the bank account details online so we can offer a fast response.
Asset-based borrowing occurs when an company owner uses an asset they own to make the loan. The asset may be a personal asset like the family home, or it could be a company asset like a truck as well as a piece of machine.
The vast majority of the lenders not just the largest banks, are inclined to guarantee loans against assets. If you have trouble paying back the loan then your assets could be taken over by the lender. In essence, it’s an opportunity to secure new funding making use of the value of what you already own.
For loans that exceed $150K, there is no requirement for asset security prior to the loan’s access but we do need a personal guarantee. As long as you follow your loan obligations (as stipulated in the loan contract), asset security is not required. For loans over $150,000 generally, you are able to get the option of a personal guarantee and security is provided in the form of charges on assets.
