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Adelaide Unsecured Business Loans
Providing Specialist Business Finance

Services in Regency Park

  • Regency Park Unsecured Business Loan
  • Regency Park Business Finance
  • Business Lending Regency Park
  • Regency Park Business Loans
  • Regency Park Small Business Finance
  • Regency Park Business Funding
  • Regency Park Working Capital
  • Small Business Lending Regency Park
  • Regency Park Short Term Business Loan

Business Finance Regency Park Adelaide 5010 SA

Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for getting an unsecured business loan in Adelaide of between $5K to $100K are quite minimal.

  • A minimum of six months in business
  • A minimum of $6,000 in revenue per month
  • Be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for proof of identity
  • Use an account with a New Zealand bank as your principal trading account
  • Bank statements for the last 6 months

Looking for more funding? Review the conditions of eligibility for our $100K to $500K business loans.

Quick application checklist

What do you need to apply

All that’s required to get started is your contact information (company name, your name, email, phone), how much you’d like to lend, and your monthly revenue.

During the process and before settlement we will need confirmation of your identity, but not to get started:

  • Idenfication information (valid Driver’s License)
  • Business information including trading times, ownership details and the NZBN (New Zealand Business Number)

After we start in the process, for loans greater than $150,000 you’ll need basic financial statements:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Adelaide Small Business Loans

Tell me about the Adelaide Small Business Loans

Adelaide unsecured loans provides the range of $5,000 to $100,000, with terms ranging from 3 and 24 month and cash flow-friendly repayments which can be made daily or weekly.

How is this Unsecured Loan different from the traditional business loan?

The application for this Small Business Loan in under 10 minutes on the internet or over the phone, receive a same day response and have the funds on your account within 24 hours. Traditional company loans are based on an annual interest rate together with additional fees and charges. This company loan is an upfront priced loan so you will be aware of the total amount payable including any interest, fees or charges. This is then broken down into weekly or daily amount to be paid back.

What could the Small Business Loan be used for?

It is a Small Business Loan can be used for almost any business need, such as the management of cash flow, business renovations, marketing to purchase inventory or new equipment, as general working capital, and much more. The loan is not available for personal reasons.

About Larger Adelaide Business Loans

What is the Larger Adelaide Business Loan?

The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans are between $100,000 and $500,000 over a fixed term up to 36 months. Repayments are scheduled weekly or fortnightly depending on the flow of cash.

How’s the Origination Fee determined?

This Larger Business Loan has an Origination Fee, determined at 2.5 percent of the amount of the loan.

Am I eligible for the Larger Business Loan?

In order to be eligible for a loan that is this large the business needs to have been operating for at least three years and have an annual turnover of at least $700,000. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.

How can the funds be used for?

A Larger Business Loan is a great option for almost any business purpose including company improvements, purchasing equipment or inventory, as general working capital and much more. The loan is not available to fund personal expenses.

Is the Larger Business Loan a secured loan?

Asset security is required to obtain funding above $150,000. This can be done by way of charge over assets, which could also include the registration of this through the PPSR or filing a caveat.

A personal or director’s guarantee is a commitment to repay credit that is general in nature, rather than stipulating the security of a specific asset. The person who signs the guarantee is personally liable in the event that the business the borrower fails to make the repayment.

The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including items or assets). The PPSR permits prioritisation over property that is personal to be assigned in accordance with the date on which a security interest was registered.

The caveat can be described as a formal form of document to provide an official notice of a claim against a property.

What is a pre-approval minus Credit Check?

If you’re requesting a Larger Business Loan of $250,000 or more we can offer an initial pre-approval to make the process. It is possible to get this done without a credit check and within 6 hours of the initial application. The pre-approval process is based on a preliminary assessment which includes you answering some financial health questions. This is not an offer or guarantee of financing. A conditional approval is subject an exhaustive credit evaluation, and any offer you are offered could have different conditions.

Application process

Are I eligible for funding?

You are eligible to apply for a company loan if you:

  • are a New Zealand Citizen (or Permanent Resident)
  • are at least 18 years old, have a New Zealand business (with a valid NZBN/IRD)
  • can demonstrate at least 6 months’ worth of transactions (for the unsecured loan $5K – $100K) or three years of trade (for the Larger Business Loan $100K - $500K)

How do I apply?

The application process is simple and easy. Complete the online form within a few minutes and an experienced business lending specialist will be in touch to assist you.

To be eligible for up to $100,000 you’ll need ID details (valid Driver’s License) as well as an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.

In addition, for larger loan sizes, you’ll need:

$100K-$250K: Information about the application including credit consent, 6 – 12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K-$500K: Application details including credit consent and 12 month bank accounts, the IRD statements as well as the two most recent years’ financial statements, plus interim financials for the current financial year including Aged Payables, Aged Receivables Summary.

How quickly will I receive a decision?

For an unsecured loan ($5K up to $100,000) we usually provide a response in one hour if you apply in standard business times and you allow us to make use of the advanced bank verification system to instantly verify your bank information online. If you decide to submit copies of your bank statements , we are able to offer a decision in just an business day.

If you are applying for a Larger Business Loan ($100K or more) we could be in a position to offer you with a conditional pre-approval within about 6 hours. Once you have signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, this may be quicker depending upon the circumstances for each application. Some agreements have been approved in 24 hours.

The fastest way would be to ensure you apply during standard business hours, and let us use the modern bank verification link to confirm your bank details online. If you decide to send us the copies of bank statements , it can take a bit longer.

How soon will I receive the money?

For the Small Business Loan ($5K or more) we typically provide an answer within an hour if you make your application at standard business times and allow us to use the bank verification system to instantly verify your bank information online. If you choose to send us copies of your bank statements we can provide the decision in just 1 business day.

For the Larger Business Loans ($100K or more) we could be able to offer you with a conditional pre-approval in about 6 hours. Once you’ve signed your pre-approval form, it will take about 2-3 days for final approval. However, this can be faster depending upon the circumstances for each application. Some offers have been approved within less than 24 hours.

The quickest method can be ensure you apply during standard business hours and allow us to use our advance bank verification link to confirm your bank details online. If you choose to send us the copies of bank statements it will take a little longer.

How much can I borrow?

We provide loans that range from $5,000 to $500,000. When you submit an application for a specific amount we take into consideration a range of aspects for determining what is the well-being that is your company and the amount of payments your company is able to afford. The total amount of your loan will be contingent on the particular circumstances of your business.

When you make an application for a set amount, we will consider a number of elements to assess the health for your business as well as the amount of payments your company is able to afford. The total amount of your loan will be contingent on the specific circumstances of your company.

Fees & repayments

How much should you charge for the cost of a business loan?

If you decide to request business loans with us company loans, we’ll assess the risk profile that you have for your business and provide you with a customised offer, including loan amount, term and interest rates. This business loan is a loan that is priced upfront therefore you will know in advance the total amount due, which includes any charges or interest.

What is the basis for the rate I’m charged?

Business loan interest rates depend on a variety of factors such as the amount that is of money borrowed, the business assets the funds are used to purchase as well as the field the business is in, how long the company is in operation and whether the business has enough cash flow to fund the loan, as well as the general well-being and creditworthiness of the company.

What are the fees?

There aren’t any hidden charges for our company loans, and you’ll be aware of the amount you need to pay, and when, from the first day. There’s not any compounding interest and the loan comes with no additional fees (as long as you make your payments in time).

We don’t charge an Application Fee. You are able to request a credit loan absolutely no upfront cost and no commitment to apply.

The Origination Fee covers the costs associated with setting up and managing the loan. This is only a fee if you proceed with the loan. The Origination Fee for us is 2.5 percentage of the loan amount.

Can I repay the loan earlier?

You can decide to repay all of your loan in full at any time.

If you choose to pursue this option, please speak to our friendly business lending experts. We will offer you with details on repayment and an early payment figure. The figure will be calculated as the total of the principal amount remaining plus any accrued interest as of the date of early payout and 1.5% of the remaining principal and any outstanding fees.

How do repayments work?

In order to help you avoid missing payment dates and to align with your cash flow routine, we offer repayments that are either daily or weekly. They are automatically deducted from your nominated company account.

Security & privacy

Will my data be secure?

Protecting your information, and being transparent about the ways we gather information, use it, and exchange it, as well as ensure the security of your information is of huge importance and is an essential element of our relationship with you.

Is it safe to link my bank account to the platform?

Yes. We make use of industry-standard encryption protocols to safeguard your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our commitment to customer security and security. We use an advanced banking verification system to immediately confirm your bank account information online. This allows us to provide quick responses.

About business loans

What exactly is an asset-based loan (a secured loan)?

Asset-based borrowing is when an company owner utilises an asset they own to make the funding. The asset can be either an asset belonging to the personal, like the family home, or it could be a business asset like a truck as well as a piece of machine.

The vast majority of lenders, including the major banks, prefer to secure loans against assets. If you have trouble paying back the loan then your asset may be transferred to the lender. In essence it’s an opportunity to secure new financing by using the value of what you already own.

What do I need security for an business loan?

For loans up to $150,000 no asset security is required in advance to gain access to the funds, however we require a personal guarantee. need a personal guarantee. If you adhere to the loan terms (as detailed in the loan contract) Asset security is not needed. For loans that exceed $150K, generally, there is personal guarantee and security that is in the form an asset charge.

Adelaide Unsecured Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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Contact Us

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1300 932 064