Services in Eyre
- Eyre Unsecured Business Loans
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- Eyre Business Lending
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- Eyre Working Capital
- Small Business Lending Eyre
- Short Term Business Loan Eyre
The requirements for getting an unsecured business loan in Adelaide of between $5K to $100K are quite minimal.
Are you looking for additional funding? Find out the eligibility requirements for our $100K to $500K company loan.
All that’s required to start is your contact information (the name of your company, your name, email and telephone) and the amount you’d like to borrow, and your monthly earnings.
While in the process and before settlement we will need confirmation of who you are, but not before we can begin:
In addition, once we have started in the process, for loans greater than $150,000 you’ll require the following financial statements:
Let’s get started now.
Adelaide unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months and cash flow friendly repayments which can be made daily or weekly.
It is possible to apply for your Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive a same day response and funds may be available in just 24 hours. Traditional company loans are based on an annual interest rate together with additional fees and charges. This business loan is a cash-based loan which means you know ahead of time the total amount payable including any fees, interest or charges. This is then broken down into weekly or daily amount to be paid back.
It is a Small Business Loan can be used to fulfill almost any business use, including managing cash flows, business improvements, advertising, to purchase inventory or new equipment, or as general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger size loan to aid in company growth opportunities. Loans range between $100,000 and $500,000 for a fixed period of with a maximum of 36 months. Repayments are scheduled weekly or fortnightly to work with you cashflow.
The Larger Business Loan has an Origination Fee that is determined at 2.5 percentage of the amount of the loan.
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 $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) with a minimum age of 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 large business loan is a great option for almost every company need, including business remodeling, buying new equipment or inventory, as general working capital and so much more. The loan cannot be used for personal reasons.
Asset security is necessary to obtain funding above $150,000. It’s by taking a charge against assets, and may include registering this through the PPSR or the registration of a caveat.
A director’s or personal ensure is a commitment to pay back a loan that is general in nature, rather than stipulating the security for a particular asset. The person who is signing the guarantee is personally accountable if the business creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It contains security interests which are registered with respect to personal property (including objects or assets). The PPSR gives the priority of personal property granted according to the date a registration of a security interest.
Caveats are legal document that is filed to offer an official notice of a claim on a property.
If you’re seeking the Larger Business Loan of more than $250K we can offer an initial pre-approval that will help smooth out the process. We might be able to apply for this without a credit verification and within 6 hours of the initial application. This pre-approval is made based on a preliminary assessment which includes answering a couple of financial health checks. This is not an offer or guarantee of credit. A conditional approval is subject a full credit assessment and any offer you receive could be subject to different conditions.
You may be eligible for a business loan if you
The application process is simple and simple. Just fill out the online application within a couple minutes, and a dedicated business expert in lending will contact you to guide you through the process.
For a loan of up to $100,000, you’ll require identification details (valid Driver’s License) and an active NZBN/IRD, and at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll also need:
$100K to $250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K to $500K: Application details including credit consent, 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, in addition to interim financials for the current financial year as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K up to $100,000) we can often offer a response in one hour if you apply during quality company hours and allow us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you opt to submit copies of your bank statements , we are able to provide an answer in as little as an business day.
If you are applying for a Larger Business Loan ($100K or more) we could be capable of offer the conditional pre-approval within 6 hours. After you’ve signed the pre-approval document, you will need to wait around 2-3 days for final approval, however this may be quicker depending on the particular circumstances of each application. Certain offers have been approved within the space of 24 hours.
The quickest method would be to make sure you apply during standard company hours, and let us use the advance bank verification to instantly confirm your bank details online. If you opt to upload the copies of bank statements , it will take a little longer.
For the Small Business Loan ($5K and up) we typically provide an answer in just one hour if you submit your request within standard business time and allow us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you want to upload copies of your bank statement, we’ll offer the decision within 1 business day.
If you are applying for Larger Business Loans ($100K or more) we could be in a position to offer you with pre-approval conditional to your application in about 6 hours. Once you have signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, this could be shorter based on the particular circumstances of each application. Certain deals have been approved within just 24 hours.
The quickest method for you to apply is make sure you apply during standard business hours. You can also let us use the modern bank verification link to instantly verify your bank account information online. If you send us the copies of bank statements it may take a bit longer.
We offer loans ranging from $5,000 to $500,000. If you apply for a certain amount we take into consideration a range of aspects for determining your health of your company and the extent of the repayments your company can afford. The amount you receive from your loan will depend on the particular circumstances for your company.
If you apply for a specific amount we will consider a number of factors to assess how much we can lend you such as health of your business and the extent of repayments that your business is able to afford. The amount you receive from your loan will be contingent on the particulars the company.
If you decide to make an application for one of our company credit, we will assess the risk profile of your company and offer an individualised proposal that includes loan amount, term and the interest rates. The company loan is an upfront cost loan which means you be aware of the total amount you will have to pay, including interest rates, fees or charges.
Business loan interest rates depend on a variety of variables like the amount to be borrowed, the business assets the money are used to purchase as well as the field the company operates in, the long the business is in operation for, whether the business has enough cash flow to cover the loan, and the overall well-being as well as creditworthiness company.
There are no hidden costs with our company loans, and you’ll know precisely what you’ll be required to pay and when, right from day one. There’s no compounding and no additional fees (as long as you make your payments punctually).
We don’t charge an Application Fee. You are able to apply for a loan with without any upfront costs or any obligation to sign up.
The Origination Fee covers the expenses involved with establishing and managing the loan. You are only charged this fee if you decide to take the loan. The Origination Fee for us is 2.5 percentage of the amount of the loan.
You can choose to repay the entire amount of your advance loan at any time.
If you are deciding to do this please contact our helpful business credit experts. They’ll provide you with details on repayment as well as an early payout amount. This will be calculated as the sum of the principal balance and any accrued interest at the date of early payout in addition to 1.5 percent of the principal amount remaining and any outstanding fees.
To help you avoid missing repayments and to fit in with your cash flow cycle we provide payments that are either daily or weekly. These are automatically withdrawn from your designated business account.
Making sure that your information is secure, and being clear about how we collect data, process, exchange and ensure the security of your information is of paramount importance and is a crucial part of our relationship with you.
Yes. We make use of industry-standard encryption standards to protect your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to protecting the security of customers and privacy. We employ an exceptionally sophisticated bank verification system that allows you to immediately confirm your bank account information online so we can provide an immediate response.
The term "asset-based" refers to borrowing where the business owner makes use of an asset they own to make the funding. The asset can be a personal asset like the family home or a company property like a truck as well as a piece of machine.
The vast majority of lending institutions, including the banks with the biggest size, prefer to make loans secured by an asset. If you’re struggling to pay back the loan, your asset may be sold by the lender. In essence it’s a way of securing new financing by using the worth of the asset you already have.
For loans that exceed $150,000, 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 the loan terms (as specified in your loan contract document) and you are able to meet your obligations, asset security will never be required. For loans that exceed $150K, generally there is an individual ensure and security in the form the charge of assets.
