Unsecured Business Loans Blackwood SA

By This Tomorrow You Could Have Everything You Need to Be Successful With a Blackwood Business Loan

Unsecured Business Loans Blackwood

A Blackwood unsecured business loan is simple and quick to get. Apply for a loan quickly and begin using the money for your business.

  • Could additional funds assist your company by allowing you to work capital or in achieving a growth opportunity?
  • What are the very best ways to finance your company requirements?

You can expect:

  • Easy to apply and be approved for cash as quickly as tomorrow
  • Optionally no reayments in the initial four weeks
  • From $5k to $500K in loans
  • Terms ranging from three to thirty-six months
  • Competitive rates of interest prices
  • Minimal documentation needed

The conditions for eligibility for an unsecured business loan within Blackwood are fairly minimal.

Call Now 1300 932 064
I'm now able employ an experienced marketer to help me take my business to the next stage.
Growing Blackwood Business
I'm able to get my taxes back to keep me on track.
Small Business Owner
An easy loan application process that comes with a high borrowing limit, minimal requirements for credit and no requirement to present a business plan. Stop using your personal credit card and business credit cards in order to fund your company.
Unsecured Loans Made Simple
I am now able to fund the fitout of our new Blackwood resturant without having to take cash from other locations.
Blackwood Resturant Owner
Business loans, especially those that are unsecured business loan or line of credit for business funding require never be an tense process. Finance for a company in the shape in the form of small business loans at a fixed interest rates and repayment time that is suitable for your company cash flow.
Business Lenders for Business Goals
I can now make beverages for clients using the very best equipment.
Cafe Owner
Business business loans, interest rates and repayment terms, as well as flexible repayment options to meet the needs of your company needs.
Business Lending Options
I am now able to take time off knowing that it is safe knowing that Blackwood company will run smoothly.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for the company credit within Blackwood with us is easy and takes only some minutes, without piles of paperwork or long waits.

Get approved and receive your money within 1 to 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We are aiming to assist Blackwood businesses of all types, whether small, medium or solopreneurs to access quick funding so that they can utilise the loan to build and expand their business.

  • It all starts with a simple online application, or phone call
  • Flexible repayment terms to meet the needs of your company
  • Fast funding within a day or two
  • A team that wants you and your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for getting an unsecured business loan in Blackwood of between $5K and $100K are pretty minimal.

  • The minimum period of 6 months for which you must be in business
  • At least $6,000 revenue per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as proof of identity
  • Make sure you have an account with a New Zealand bank as your primary account for trading
  • Bank statements from the last 6 months

Are you looking for additional funding? Review the guidelines for eligibility for our $100K-$500K business loans.

Here's How Other People Have Benefited

Examples of Business Loans

An interior designer saw an opportunity to increase the size of their company and needed working capital to fund this growth. With monthly revenue of $300K they borrowed $250K in 24 months. The turnaround time was just two days, and all they needed to present is 12 months' worth of Bank statement along with IRD confirmation and their trust deed.
Interior Designer
A plumber who's been in business for three years and has 80K in monthly sales was looking for additional funding. They were able to borrow $153K over the course of 36 months. All that was needed to be provided was 12 month bank statements as well as confirmation of the status with IRD. The process was completed in less than a day and the plumber got their extra working capital available in their account within a short time.
Plumber
A gym that had been going for nearly 3 years, was planning to expand and was in need of additional equipment. With an average monthly revenue of $37K they borrowed $72K over a 24- month period. No security was needed for the loan and it was ready within only 24 hours.
Gym
The owner of a restaurant wanted to open a second location and needed funding to installation. Their bank wasn't willing to help. Typical monthly revenue for them was $50K. They were able to get a loan of $66K over 24 months. Turnaround was only 8 hours.
Restaurant Owner
The busy Christmas season was fast approaching, a clothes store needed working capital to buy more stock and take advantage of discounts offered by suppliers. They secured $20K over the course of 12 months, with no asset security required and had the funds within 24 hours.
Clothing Store
Simple eligibility checklist

Larger Blackwood Business Loan Eligibility Criteria

The criteria for eligibility to be eligible for loans from larger Blackwood business loans of between $100K to $500K comprise:

  • A minimum of 3 years of business
  • At least $700K in annual income
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for proof of identity
  • You should have an account at a New Zealand bank as your principal account for trading
  • Bank statements for the last six months
  • Certain financial statements include Profit & Loss and Aged Accounts Payable and Receivable

Looking for a smaller amount of funds? Check out the eligibility requirements for our $5K to $100K Blackwood unsecured company loans.

Business Lending for a Cash Injection

What do you want to use the business loan in Blackwood for?

A Blackwood unsecured loan is great for nearly every company reason. Contact us now.

  • Expand or renovate commercial spaces
  • Grow the team for busy times
  • Grow stock levels to keep pace with demand
  • Create a new site or increase your marketing
  • Make sure you invest in new equipment, tools or the latest technology
  • Buy extra stock to meet the seasonal demand
  • Manage cash flow fluctuations
  • Plus lots more …

Want to get started on one of these as soon as tomorrow? Contact us today or send an application online for the quickjest fasted way.

Quick application checklist

What do you need to apply

All that is needed for starting is your contact information (the name of your company, your name, email and phone) along with the amount you’d like to borrow, and your monthly income.

In the course of the process and before settlement we’ll need confirmation of who you are but not to get started:

  • Idenfication information (valid Driver’s License)
  • Details of the company including time of trading as well as ownership information and NZBN (New Zealand Business Number)

In addition, once we have started with loans greater than $150,000 you will also need basic financial statements.

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

The owner of a restaurant wanted to open another restaurant and needed funds for the fit out. Their bank was not interested in helping. Their typical monthly earnings was $50K, and they borrowed $66K in 24 months. The turnaround time was just 8 hours.
Restaurant Owner
A gym that had been operating for over three years was looking to expand and was in need of additional equipment. With a monthly income of $37K, they borrowed $72K over a month period. The loan was not secured for the loan and it was settled in the span of 24 hours.
Gym
With the busy Christmas time approaching, a clothing store required working capital in order to buy more inventory and to take advantage of discounts from suppliers. They were able to borrow $20K for 12 months without security of assets required. They received the funds in 24 hours.
Clothing Store
Acquiring a pizza store and two liquor stores 6-12 months earlier the new owners were looking for additional cash. The combined revenue was over $500k per month. They could borrow $300K, split out as $100K for each store using an option of both 24 and 36 months. No security over the owners houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
An interior designer had noticed an opportunity to grow their company and required working capital in order to finance this expansion. With a monthly revenue of $300K they took out a loan of $250K for 24 months. Turnaround time for them was just 2 days and all they needed for them to provide is 12 months' worth of Bank statement, IRD confirmation, and their trust deed.
Interior Designer

Unsecured Business Loan Blackwood SA 5051

The lending landscape has changed

With banks and traditional lenders tightening their credit terms, the steady stream of non-bank and alternative loan providers that are entering the market offers an incredible source to tap into.

Blackwood SME’s are now being able to get finance from other lenders in Blackwood who are focused on facilitating company expansion or smoothing out problems with cash flow. In the past personal credit sources (drawing equity from a house loan, or by using credit cards, personal loans and overdrafts) could be the best alternative financing solutions for Blackwood that were around.

There is now an end to the need to depend on the real estate market to secure business credit. With an unsecured loan, business funding is simple. Instead of a loan for a term with a bank, business finance for a small business with interest rates and loan terms that aid with cash flow is available as business lending options.

 

 

High level summary

Separate personal and business debt

There are many advantages associated in separating personal from business debt.

  • Your home or other investment properties, aren’t held to allow access to funds
  • This company is in a more favourable position to build its own, solid credit history
  • It is significantly more straightforward during tax time
  • Businesses can easily assess the situation, track and plan based on their ability to clearly examine their cash flow status

Limit your exposure, make your tax time simpler, start with an unsecure loan for business. Get it today.

For those who like the detail

Separate personal and business debt

Risk

One major benefit of keeping your personal and business assets separate will be the fact that your home does not have to be tied to the funds. For a small business loan in Blackwood up to $100K, asset security will not be required as long as the borrower fulfills the loan requirements.

Credit history

Businesses will be in a favourable long-term position if they can demonstrate good credit/debt capability.

Tax

A separation between personal and business finances makes it much more straightforward when it comes to tax time - particularly when determining what is the tax deductible allocation. The IRD has set out the guidelines for the documentation required to be able to claim deductions on an individual’s tax return. This is an area that the IRD have specifically advised on.

Cash flow

Effective management of cash flows is key for the longevity in any business. Through maintaining personal as well as business finances separate, businesses can easily view the situation, track and plan based on their ability to accurately determine their cash flow status.

A seamless loan application process with a generous limit on borrowing, no requirements for credit, and no requirement to provide a business plan. Do not use your personal credit card and business credit cards in order to finance your company.
Unsecured Loans Made Simple
Business loans, especially an unsecured business loan or line of credit for business financing require to not become a difficult procedure. Finance for a company in the shape in the form of small business loans with an interest rates and repayment schedule that will suit the requirements of your company financial needs.
Business Lenders for Business Goals
I'm now able employ an professional marketer to boost my business to the next step of business growth.
Growing Business
Business loans with interest rates and repayment conditions, and flexible repayment options to fit you company requirements.
Business Lending Options
I'm now able fund the fitout of our new Blackwood resturant without having draw cash from other locations.
Blackwood Resturant Owner
I am now able to take an extended vacation knowing that I am confident that my Blackwood business will run without a hitch.
Local Business Owner
I'm now able make coffee for my customers using the very best equipment.
Cafe Owner
I'm able to get my taxes back to keep me on track.
Small Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Blackwood Small Business Loans

Tell me more about Blackwood Small Business Loans

Blackwood unsecured loans provides amounts between $5,000 and $100,000 with terms between 3 and 24 months, cash flow-friendly repayments that are either daily or weekly.

What makes how is the Unsecured Loan different from an traditional business loan?

The application for the Small Business Loan in under 10 minutes on the internet or over the phone, receive a same day response and funds may be on your account within 24 hours. Traditional business loans are based on an annual interest rate as well as other fees and charges. We offer a company loan is a cash-based loan which means you know in advance the total amount to be paid, including any fees, interest or charges. Then, it is divided into a daily or weekly amount to be paid back.

What can you use the Small Business Loan be used for?

It is a Small Business Loan can be used to fulfill almost every business purpose including cash flow management, company improvements, advertising to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used for personal purposes.

About the Larger Blackwood Business Loans

What is the Larger Blackwood Business Loan?

The Larger Business Loan is a larger size loan to aid in business expansion opportunities. Loans range from $100,000 to $500,000 with a fixed-term for up to 36 months. Repayments are either weekly or fortnightly to work with the flow of cash.

How is the Origination Fee calculated?

The Larger Business Loan has an Origination Fee that is calculated at 2.5 percentage of the amount of the loan.

Am I eligible for the Larger Business Loan?

In order to be eligible for a loan of this size the company needs to be in operation for at least 3 years and have an annual turnover of at least $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.

How can the funding be utilised?

A Larger Business Loan can be used to fund almost all business purpose including business renovations, to purchase new equipment or inventory, as general working capital, and much more. The loan is not available for personal reasons.

Is the Larger Business Loan one that is secured?

Asset security is necessary for accessing funds over $150,000. This is in the form of a charge over assets, and may be registered on the PPSR or making a caveat.

A director’s or personal ensure is a commitment to repay credit that is general in nature, rather than defining the security for a particular asset. The person who is signing the ensure is personally liable in the event that the business borrower is unable to make the repayment.

The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including the assets or goods). The PPSR gives priority over personal property to be assigned in accordance with the date on which a security interest has been registered.

An affidavit is an official document filed to offer the legal claim against a property.

What is a pre-approval that does not require Credit Check?

If you’re seeking the Larger Business Loan that is greater than $250K, we may offer an initial pre-approval that will help smooth out the process. We could be able to apply for this without a credit check, and within six hours of your initial application. The pre-approval is based upon a preliminary assessment which includes the answer to a series of financial health questions. It is in no way an offer, nor is it a guarantee of financing. A conditional approval is subject a full credit assessment and any offer that you receive could be based on different terms.

The application process

Are I eligible for funding?

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

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

How do I apply?

The application process is quick and simple. Complete the online form within a few minutes and an experienced company expert in lending will contact you to help you.

To apply for up $100,000, you’ll require ID details (valid Driver’s Licence) and a valid NZBN/IRD and at least 6 months of bank statements.

For larger loan sizes, you’ll require:

$100K to $250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K – $500K: Application details including credit consent twelve months bank statement, an IRD statement and the last two years’ finalised financial statements, in addition to interim financial statements for the current year such as age-related payables and aged Receivables reports.

What speed will I be able to get an answer?

For an unsecured loan ($5K up to $100,000) we usually provide an answer within an hour if you submit your request at quality company timings and let us utilise the bank verification system link to instantly verify your bank details online. If you choose to submit copies of your bank statements , we are able to provide an answer within just an business day.

If you are applying for a Larger Business Loan ($100K up to $500,000) we may be able to provide you with conditional pre-approval in about 6 hours. After you’ve signed your pre-approval document, you will require to wait approximately 2-3 days to receive final approval, however it could be faster based on the circumstances of each application. Certain agreements have been approved in just 24 hours.

The most effective method for you to apply is make sure you apply during normal business hours. You can also permit us to use the advance bank verification to confirm your bank details online. If you decide to send us the copies of bank accounts, it may take a bit longer.

How soon will I receive the funds?

For the Small Business Loan ($5K or more) we can often provide an answer in just one hour – provided you submit your request at standard business hours and allow us to utilise the advanced bank verification system link to instantly verify your bank details online. If you decide to submit copies of your bank statement, we’ll offer a decision in as little as an business day.

If you are applying for Larger Business Loans ($100K and up) we might be capable of provide the conditional pre-approval in about six hours. After you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, it could be faster based on the specifics of each application. Some transactions have received approval in the space of 24 hours.

The fastest way can be make sure you apply during normal business hours, and allow us to use the modern bank verification link to instantly verify your bank information online. If you upload the copies of bank accounts, it can take a bit longer.

What’s the minimum amount I can borrow?

We provide loan amounts between $5,000 and $500,000. If you apply for a particular amount, we look at a variety of factors for determining what is the well-being that is your business as well as the amount of payments your company is able to afford. The total amount of the loan will be determined by the specific circumstances that are unique to your business.

When you apply for a specific amount we consider a variety of aspects to assess the well-being of your business and the level of the repayments your company is able to afford. The total amount of your loan will be determined by the particulars for your company.

Fees & repayments

How do you charge for the cost of a business loan?

If you decide to apply for the company loan, we’ll assess the risk profile that you have for your business and provide you with a tailored offer, including the amount of loan, the term and the interest rates. It is a company loan is an upfront-priced loan so you will be aware of the total amount due, which includes any charges, interest rates or fees.

What determines the rate that I’m charged?

Business loan interest rates depend on a variety of factors including the amount borrowed, the business assets the funds are used to purchase in addition to the industry that the company operates in, how long the business is in operation for, in the event that the business has sufficient cash flow to pay for the loan, as well as the overall well-being or financial standing of the business.

What are the fees?

There are no hidden fees for our company loans, and you’ll know precisely how much you’ll be required to pay and at what time, from the day you sign up. There’s no compounding interest, and there are no additional charges (as long as you are able to make your payments on time).

We do not charge an application fee. You are able to apply for a loan with no cost upfront or commitment to apply.

The Origination Fee is the cost associated with the setting up and management of the loan. This is only a cost if you take out the loan. Our Origination Fee is 2.5 percent of the amount of the loan.

Can I pay off the loan early?

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

If you decide to pursue this option, please contact our helpful business lending experts. The experts will offer you with details on repayment along with an early payout estimate. This is calculated as the sum of the remaining principal amount and accrued interest to the time of the early payout and 1.5% of the principal amount remaining and any fees that remain unpaid.

How do repayments work?

To help you avoid missing payment dates and to align your cash flow schedule, we offer repayments that are either daily or weekly. These are automatically deducted from your company account.

Security & privacy

Will my information be secure?

Making sure that your information is secure, and making it clear the ways we gather, use, exchange and safeguard your data, is of paramount importance and is an essential part of our relationship with you.

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

Yes. We use industry recognised encryption standards to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our commitment to security for our clients and security. We employ an exceptionally sophisticated bank verification system link to instantly verify the bank account details online. This allows us to offer rapid response.

About business loans

What’s an asset-based borrow (a secured loan)?

Asset-based borrowing occurs when the business owner borrows from the assets they have to secure the funds for a loan. The asset could be an individual property, such as the family home, or a business asset such as a truck or other piece of machinery.

The vast majority of the lenders including the banks with the biggest size, prefer to make loans secured by an asset. If you’re struggling to pay back the loan, the asset might be offered for sale by the lender. In essence it is the process of securing new financing by taking advantage of the value of what you already have.

What do I require security to get a company loan?

For loans of up to $150K, no asset security is required before you can access the money however, we do require an individual guarantee. If you adhere to your loan obligations (as specified in your loan contract document), asset security is not required. For loans that exceed $150,000, generally, there is personal ensure and security that is in the form a charge over assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction websites & auction houses
  • Debt purchasers or debt collection firms
  • Direct marketing including mail order, fundraising, telemarketing, direct-mail etc
  • Financial lenders & institutions
  • {Firearm related businesses
  • Foreign currency exchange solutions
  • Freight forwarding & customs clearing houses
  • Gambling related industries
  • Not-for-profit organisations such as charities, churches etc
  • Smash repairers and panel beaters
  • Pawnbrokers or pawn shops
  • Property development
  • Stockbrokers, shares &invesment businesses
  • Tattoo palours
  • Ride-sharing and taxi services
  • Entertainment sales or ticket resellers
  • Vehicle towing services
  • Used automotive dealers
  • Car glass tintingfirms
  • Vehicle wrecking yards

We can’t assist with an unsecure business loan for the above industries, we might be able to help you with the secured business loan.

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Unsecured Business Loans

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1300 932 064