The requirements for getting an unsecured business loan in Adelaide of between $5K and $100K are pretty minimal.
Need more funds? Check out the conditions of eligibility for our $100K to $500K business loan.
All you need to start is your contact information (the name of your company, your name, email address, phone) along with the amount you’d like to borrow, and your monthly income.
Through the process and before settlement we will need confirmation of who you are, but not for starting:
Once we’ve started in the process, for loans greater than $150,000 you will also require basic financial statements:
Let’s get started now.
Adelaide unsecured loans offers amounts between $5,000 and $100,000. Terms range from 3 and 24 month and cash flow friendly repayments that are either per day or weekly.
The application to this Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive an immediate response, and the money could be in your account within 24 hours. Traditional company loans are based on an annual rate of interest together with additional fees and charges. The business loan is an upfront priced loan therefore you’ll know in advance the amount you will have to pay, including any fees, charges or charges. This is then broken down into weekly or daily repayment figure.
The Small Business Loan can be used for almost every company use, including managing cash flows, business remodels and marketing for purchasing inventory or new equipment, as general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans are between $100,000 and $500,000 with a term fixed that can last up to 36 months. Repayments are scheduled weekly or fortnightly to work with your situation.
This Larger Business Loan has an Origination Fee which is calculated at 2.5% of the amount of the loan.
To qualify for a loan in this amount the company needs to be in operation for at least 3 years, and have an annual income of at least $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.
A Larger Business Loan can be used for almost all business purpose including business renovations, purchase of inventory or new equipment as well as for general working capital and much more. The loan is not available for personal reasons.
Asset security is needed for funding of more than $150,000. It is usually as a result of an charge on assets, and could include registering this through the PPSR or making a caveat.
A director’s or personal ensure is a guarantee to repay a loan which is general in nature, rather than defining the security for a particular asset. The person signing the guarantee is personally accountable if the business the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It reflects security interests that are registered for personal property (including goods or assets). The PPSR gives the priority of personal property granted depending on the date that a registration of a security interest.
Caveats are legal document lodged to offer notice of a legal claim to a property.
When you’re applying for the Larger Business Loan of more than $250,000 it is possible to offer an initial pre-approval to simplify the process. It is possible to get this done without a credit check, and within 6 hours of the initial application. The pre-approval is based upon an initial assessment, which involves you answering some financial health checks. This is not an offer of credit or guarantee of financing. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer that you are offered could be on different conditions.
You are eligible to apply for an company loan if you
The application process is quick and easy. Simply complete the online form within a few minutes and a dedicated business loan specialist will contact you to help you.
To be eligible for up to $100,000 you’ll need identification details (valid Driver’s License) and a valid NZBN/IRD and at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K-$250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Application details including credit consent and 12 months of bank statements, IRD statement Last 2 years’ finalised financial statements, plus interim financial statements for the current year as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K up to $100,000) we typically offer an answer within an hour, provided you make your application within standard business times and permit us to utilise the advanced bank verification system to immediately verify your bank account information online. If you decide to upload copies of your banking statements , we are able to provide a decision in as little as the span of one business day.
For the Larger Business Loan ($100K and up) we may be likely to offer you with conditional pre-approval in about 6 hours. After you’ve signed your pre-approval, turnaround times are about 2-3 days for final approval. However, this can be quicker based upon the circumstances for each application. Some agreements have been approved in less than 24 hours.
The most efficient method can be ensure you apply during standard business hours, and allow us to use our advanced bank verification system to instantly verify your bank account information online. If you send us copies of your bank statement, it may take a bit longer.
For the Small Business Loan ($5K up to $100,000) We can usually offer a response in one hour, provided you submit your request at standard business timings and permit us to make use of the advanced bank verification system link to instantly verify your bank details online. If you decide to send us copies of your bank statements we can provide a decision in just the span of one business day.
For Larger Business Loans ($100K and up) we might be in a position to provide you with a conditional pre-approval in around 6 hours. Once you’ve signed your pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, this can be faster depending on the particular circumstances of each application. Certain agreements have been approved within just 24 hours.
The most effective method can be ensure you apply during standard business hours, and allow us to use the modern bank verification link to instantly verify your bank account information online. If you send us duplicates of your banking statements it takes a bit longer.
We provide loan amounts between $5,000 and $500,000. When you submit an application for a certain amount we will consider a number of factors for determining what is the health of the business and the amount of the repayments your company will be able to support. The amount you receive from your loan will be contingent on the specifics of your business.
When you make an application for a certain amount, we look at a range of aspects to assess the well-being for your business and the level of the repayments your company can support. The total amount of your loan will be determined by the specific circumstances of your company.
When you request our company loan, we’ll assess the risk assessment for your business and provide you with a customised proposal that includes the amount of loan, the term and the interest rates. A business loan is an upfront priced loan so you will be aware of the total amount you will have to pay, including charges, interest rates or fees.
The interest rates on company loans rates depend on a variety of factors such as the amount that is borrowed, the company assets the funds will be used for, the industry the company is operating in, how long the business has been in operation, whether the company has enough cash flow to fund the loan, and the overall health or creditworthiness of the company.
There are no hidden fees for our business loans, and you’ll know precisely what you need to pay, and when, starting from day one. There’s no compounding interest and no extra fees (as as long as you pay your payments in time).
We don’t charge an Application Fee. You can request a credit loan absolutely no upfront cost and no any obligation to sign up.
The Origination Fee covers the costs associated with the setting up and management of the loan. You are only charged this fee if you decide to take the loan. Our Origination Fee is 2.5% of the loan amount.
You can choose to repay all of your loan early at any time.
If you choose to pursue this option, please call our helpful company loans specialists. They will offer you with details on repayment and an early payment figure. This is calculated as the sum of the remaining principal amount and the accrued interest up to the time of the early payout in addition to 1.5 percent of the remaining principal and any fees that remain unpaid.
To make sure you do not miss due dates and also to be in line your cash flow cycle we provide repayments either weekly or daily. These are automatically deducted from your designated company account.
Protecting your information, and knowing the ways we gather, use, exchange and protect your information, is vital and is an essential element of our relationship with you.
Yes. We employ industry-recognised encryption techniques to protect your sensitive, personal financial information and our funders are ISO 27001 qualified for our commitment to security for our customers and security. We employ an exceptionally sophisticated bank verification system link to instantly verify the bank account details online so we can offer quick responses.
Asset-based borrowing occurs when the business owner borrows from assets they own to make a loan. The asset can be a personal asset like the family home, or an business asset such as a vehicle as well as a piece of machine.
The vast majority of lending institutions, even the banks with the biggest size, prefer to secure loans against an asset. If you are having difficulty paying back the loan then the asset could be transferred to the lender. In essence it’s a way of securing new financing taking advantage of the value of what you already have.
For loans up to $150,000 there is no requirement for asset security prior to the loan’s access, however we do require an individual guarantee. As long as you follow your loan obligations (as specified in the loan contract) and you are able to meet your obligations, asset security will never be required. For loans over $150K generally, there is a personal guarantee and security is provided in the form of charges on assets.
