Unsecured Business Loans Eastwood SA

Today, You'll Be All Set For Success With an Eastwood Business Loan

Unsecured Business Loans Eastwood

An Eastwood unsecured business loan is simple and quick to obtain. Get a quick apporval and begin using the money to grow your business.

  • Would extra funds help your business with working capital or to take advantage of an opportunity to grow?
  • How are you financing your company needs?

You can expect:

  • Easy process to fill out and be approved for money as early as tomorrow
  • There is no option to remittances in the initial 4 weeks
  • Borrow from $5k to $500K
  • Terms from 3-36 months
  • Competitive interest prices
  • Minimal docs required

The criteria for eligibility for an unsecured business loan in Eastwood are fairly minimal.

Call Now 1300 932 064
I am now able to take an extended vacation knowing that my Eastwood company will run effortlessly.
Local Business Owner
Business loans with interest rates and repayment conditions, and flexible repayment options to fit what your business requirements.
Business Lending Options
I am now able to fund the renovation of our fresh Eastwood resturant without having to borrow cash from other locations.
Eastwood Resturant Owner
Simple loan application procedure with a large loan limit, with minimal credit criteria and there is no requirement to present a business plan. Don't use your personal credit card and business credit cards as a way to finance your business.
Unsecured Loans Made Simple
I can now hire a marketer to boost my company to the next level.
Growing Eastwood Business
I am now able to make beverages for customers using the best equipment.
Cafe Owner
Business loans, in particular one that is an unsecured business loan or line of credit for business financing require have no difficult procedure. Business finance can be in the form of small business loans that have an interest rates and repayment period that is suitable for your company budget.
Business Lenders for Business Goals
I'm able get my tax back in order.
Small Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Requesting business loans in Eastwood business credit for company in Eastwood with us is easy and takes only a few minutes, no lengthy forms or lines.

Be approved and receive your funds in 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 Eastwood businesses of all types, whether small, medium or solopreneurs access funds quickly so that they can use the loan to expand and develop.

  • It begins with an easy online application or by phone
  • Flexible repayment terms to meet the needs of your company
  • Fast funding within a day or two days
  • We want to see you succeed as well as you company to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in Eastwood of between $5K and $100K is fairly low.

  • Minimum of 6 months in business
  • At least $6,000 revenue per month
  • You must be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as identification proof
  • Make sure you have a New Zealand bank as your main trading account
  • Bank statements from the previous 6 months

Need more funds? Check out the guidelines for eligibility for our $100K-$500K business financing.

Here's How Others Have Benefited

Examples of Business Loans

An interior designer saw an opportunity to increase the size of their company and needed working capital to finance the growth. With a monthly revenue of $300K they borrowed $250K over the course of 24 months. The turnaround time was only two days and all they needed for them to present were 12 months worth of banking statements, IRD confirmation, and their trust deed.
Interior Designer
A plumber who has had business for three years and has 80K in monthly sales was looking for more funding. They were able to borrow $153K over a 36 month term. The only thing needed is 12 months worth of banking statements as well as confirmation of the status with IRD. The process was complete within just a few hours and the plumber received their additional working capital in ther account in a matter of hours.
Plumber
With the busy Christmas time coming up, a store selling clothing needed additional working capital to buy more stock and also benefit from discounts offered by suppliers. They took out a loan of $20K over a period of 12 months with no collateral for their assets, and they had the funds in less than 24 hours.
Clothing Store
The owner of a small supermarket that was making $70K a month borrowed $76K over a 24 month period with no repayments for the first 4 weeks. The loan required 12 months of bank statements. The time to turn around was just six hours from the time of application until receiving the funds.
Grocery Store Small Business Loan
Acquiring a pizza shop and two liquor stores 6-12 months earlier, the new owners needed additional cash. The total revenue of the two stores was more than 500K per month. They were able to obtain $300K and split it into $100K per store with two different 24 and 36 months. There was no security on the owners' houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
Simple eligibility checklist

Larger Eastwood Business Loan Eligibility Criteria

The requirements for eligibility to be eligible for the larger Eastwood business loans of between $100K and $500K are:

  • Minimum of 3 year’s experience in business
  • At least $700K of annual income
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for identification proof
  • Use an account at a New Zealand bank as your principal trading account
  • Bank statements for the last six months
  • Certain financial statements, such as Profit & Loss, and aged accounts Payable and Receivable

Are you looking for a lower amount of funds? Check out the conditions for eligibility for our $5K-$100K Eastwood unsecured company loans.

Business Lending for a Cash Injection

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

An Eastwood unsecured loan is perfect for nearly every company purpose. Get in touch with us today.

  • Renovate or expand commercial properties
  • Staff expansion for busy times
  • Boost stock quantities to keep pace with demand
  • Develop a new website, or boost your marketing
  • Consider investing in the latest equipment, tools or new technologies
  • Make sure you have extra stock on hand to meet the seasonal demand
  • Manage cash flow fluctuations
  • Plus lots more …

Do you want to begin one of these projects as soon as tomorrow? Then get in touch with us or apply online now to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All that’s needed for starting is your contact details (the name of your company, your name, email address and telephone) 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 before we can begin:

  • Details of the Idenfication (valid Driver’s Licence)
  • Details of the company including time of trading, ownership details and the NZBN (New Zealand Business Number)

In addition, once we have started, for loans greater than $150,000 you’ll need the following financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

A gym that had been running for more than three years, was planning to expand and needed additional equipment. With an average monthly revenue of $37K they borrowed$72K over a 24 month period. No security was required to secure the loan. It was ready to go within the span of 24 hours.
Gym
A designer for interiors had seen an opportunity to expand their business and needed working capital in order to finance this growth. With monthly revenue of $300K they borrowed $250K over the course of 24 months. Their turnaround time was just two days, and all they needed to present the required documents were twelve months' bank statements IRD confirmation, as well as their trust deed.
Interior Designer
The busy Christmas season was fast approaching, a clothes store required additional working capital to fund extra stock and also benefit from a supplier discount. They borrowed $20K over 12 months without security of assets required. They received the funds in 24 hours.
Clothing Store
The owner of a small supermarket that was making $70K a month borrowed $76K over a 24-month term , without making any repayments for the first four weeks. This had a requirement of 12 months' bank statements. The turn around time was 6 hours from the moment you applied to receiving the funds.
Grocery Store Small Business Loan
Following the purchase of a pizza restaurant and two liquor stores six to 12 months earlier, the new owners needed more funds. The total revenue of the two stores was more than $500K per month . The owners were able to obtain $300K. This was then split as $100K per store with two different 24 and 36 month terms. No security over the owner's houses was needed.
Owner of a Pizza Store & 2 Liquor Stores

Unsecured Business Loan Eastwood SA 5063

The lending landscape has changed

With banks and traditional lenders restricting credit, the steady stream of non-bank and alternative loan providers entering the market provides the perfect source for you to tap into.

Eastwood SME’s are now being able to get finance from other lenders in Eastwood who are focused on facilitating company expansion or smoothing the cash flow problems. The past was when personal credit sources (drawing equity from the house loan or credit cards or personal loans, as well as overdrafts) provided the most viable alternative financing services available in Eastwood that were around.

There is now no requirement for you to rely on the real estate market to secure company credit. With an unsecured loan, business funding is made simple. Instead of a traditional term loan from a bank, business finance for a small company 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 benefits by separating personal and company debt.

  • Your home, or other investmentsaren’t tied in order to access funds
  • This business is in a stronger position to create its own, solid credit history
  • It’s considerably more straightforward for tax time
  • Companies can quickly view the situation, track and plan based on their ability to clearly evaluate their cash flow situation

Lower your risks, make tax time more simple, apply for an unsecured busines loan. Get it today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your business and personal business assets separate can be that your home isn’t required to be tied to access the funds. If you’re looking for a small business loan in Eastwood up to $100K, asset security will not be needed as in the event that the borrower has met the loan requirements.

Credit history

Companies are in a stable long-term position when they have a good credit or debt capability.

Tax

It is important to separate personal from company financial accounts makes it more seamless in the event of tax time - particularly when identifying what is the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the requirements for evidence for claiming deductions on an organisation’s tax return. This is an area where the IRD have specifically advised on.

Cash flow

Effective management of cash flows is vital to the long-term viability in any company. By maintaining personal as well as company finance separate, companies can easily view, monitor and plan based on their ability to accurately evaluate their cash flow situation.

I can now fund the remodel of our brand fresh Eastwood resturant without having to take cash from other restaurants.
Eastwood Resturant Owner
I can now make beverages for customers using the best equipment.
Cafe Owner
I'm able to get my taxes back to keep me on track.
Small Business Owner
I'm now able to hire an experienced marketer to help me boost my company to the next step of business growth.
Growing Business
Business credit rates and repayment terms, as well as flexible repayment options to meet you company needs.
Business Lending Options
Business loans, particularly one that is an unsecured business loan or line of credit to business funding need have no difficult process. Business finance in the form in the form of small business loans at an interest rate cost, and with a repayment schedule that is suitable for the requirements of your business liquidity.
Business Lenders for Business Goals
A simple loan application process with a large amount of borrowing capacity, a low requirements for credit and there is no requirement to provide a business plan. Do not use your personal credit card and business credit cards in order to fund your company.
Unsecured Loans Made Simple
I'm now able to go on a holiday knowing I am confident that my Eastwood business will run smoothly.
Local Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Eastwood Small Business Loans

Let me know how you are able to avail the Eastwood Small Business Loans

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

What makes how is the Unsecured Loan different from an ordinary company loan?

It is imaginable to apply to get the Small Business Loan in under 10 minutes on the phone. You’ll receive an immediate response, and the money could be on your account within 24 hours. Traditional business loans reference an interest rate per annum together with additional fees and charges. We offer a company loan is an upfront priced loan and you’ll know in advance the amount you will have to pay, including any fees, interest or charges. This is then broken down into either weekly or daily amount to be paid back.

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

It is a Small Business Loan can be used for almost any business reason, such as control of cash flow company improvements, advertising, to purchase inventory or new equipment, or as general working capital and so much more. The loan is not available for personal reasons.

Concerning Larger Eastwood Business Loans

What is the Larger Eastwood Business Loan?

The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans range between $100,000 and $500,000 for a fixed period of up to 36 months. The repayments are made weekly or fortnightly to work with your situation.

How is the Origination Fee calculated?

A Larger Business Loan has an Origination Fee, which is determined at 2.5% of the loan amount.

Can I get the Larger Business Loan?

To be eligible for a credit in this amount, your company needs to be in operation for at least 3 years and generate an annual revenue of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.

What can I use the funds for?

A Larger Business Loan can be used to fund almost any company purpose including company remodeling, buying equipment or inventory for 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 funding of more than $150,000. It’s in the form of a charge over assets, and could include registration with the PPSR or filing as a caveat.

A director’s or personal guarantee is a commitment to repay credit that is general in nature, rather than specifying the security for a particular asset. The person who signs the guarantee is personally responsible if the business lender is not able to make the repayment.

The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It lists security interests that are that are registered for personal property (including the assets or goods). The PPSR gives prioritisation over property that is personal to be assigned depending on the date that a security interest that is registered.

Caveats are legal form of document to provide the legal claim to property.

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

When you’re applying for a Larger Business Loan of $250K or more we can offer an initial pre-approval that will help simplify the process. We might be able to apply for this without a credit verification and within 6 hours of your initial application. The pre-approval process is based on an initial evaluation that involves answering a couple of financial well-being checks. It’s not an offer of credit or guarantee of finance. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you might receive could have different conditions.

Application process

Do I have the right to receive funds?

You may be eligible for a company loan if you

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

How do I apply?

The process for applying is fast and easy. Complete the online form within a few minutes and an experienced company credit specialist will call you to help you.

To apply for up $100,000 you’ll need identification details (valid Driver’s License) along with an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.

In addition, for larger loan sizes, you’ll also require:

$100K – $250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K – $500K: Details for application including credit consent and 12 months of bank statements, IRD statement, last 2 years finalised financial statements, in addition to interim financials from the current financial year such as age-related payables and aged Receivables Summary.

What speed will I be able to get a decision?

For an unsecured loan ($5K and up) we typically offer a response in one hour if you apply at quality business hours and you allow us to use the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statements , we are able to offer an answer within just an company day.

For Larger Business Loans ($100K and up) we may be capable of offer you with conditional pre-approval in about 6 hours. After you’ve signed your 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. Certain agreements have been approved in the space of 24 hours.

The quickest way to apply is to ensure you apply during normal business hours and allow us to use our modern bank verification link to instantly verify your bank information online. If you choose to upload the copies of bank statement, it takes a bit longer.

How soon will I receive the funds?

For the Small Business Loan ($5K to $100K) We can usually provide an answer in just one hour, provided you apply within standard business timings and allow us to use the advanced bank verification system link to immediately verify your bank account information online. If you opt to upload copies of your banking statements, we are able to provide an answer within 1 business day.

For the Larger Business Loans ($100K and up) We may be likely to offer the conditional pre-approval in around six hours. After you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, it could be faster based on the specifics of each application. Some deals have been approved within 24 hours.

The quickest method can be make sure you apply during normal business hours, and let us use the modern bank verification link to verify your bank account information online. If you opt to upload duplicates of your banking accounts, it may take a bit longer.

What’s the minimum amount I can borrow?

We provide the loan amount between $5,000 and $500,000. If you apply for a certain amount, we will consider a number of factors to determine your well-being of your business and the amount of repayments your company will be able to support. The total amount of your loan will be contingent on the specifics for your business.

If you apply for a set amount, we look at a range of variables to assess how much we can lend you such as health of your business and the amount of the repayments your business can afford. The total amount of your loan will depend on the particulars for your business.

Fees & repayments

How much do you charge for a business loan?

If you decide to apply for one of our company credit, we will assess the risk profile of your company and provide you with a tailored proposal that includes loan amount, term and the interest rates. A business loan is an upfront cost loan which means you be aware in advance of the total amount due, which includes any charges, interest rates or fees.

What determines the rate that I pay?

Interest rates for company loans rates vary due to factors such as the amount that is borrowed, the business assets the funds will be used for in addition to the industry that the business is in, how long the business has been operating as well as in the event that the business has enough cash flow to fund the loan, as well as the overall health as well as creditworthiness business.

What are the costs?

There aren’t any hidden costs for our business loans, and you’ll know precisely what it is that you be required to pay and at what time, from day one. There’s no compounding interest and the loan comes with no additional fees (as long as you are able to make your payments on time).

We don’t charge an Application Fee. You can make an application for loans with without any upfront costs or commitment to apply.

The Origination Fee covers the costs associated in establishing and managing the loan. This is only a fee if you decide to take the loan. Our Origination Fee is 2.5 percentage of the loan amount.

Can I pay off the loan in advance?

You can choose to repay the entire amount of your loan in full at any time.

If you choose to pursue this option, please speak to our friendly company loan experts. They’ll provide you with repayment details and an early payment figure. This is calculated as the sum of the principal balance and the accrued interest up to the date of early payout and 1.5% of the principal balance plus any outstanding fees.

What is the process for repayments?

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

Security & privacy

Will my data be protected?

Protecting your information, and being transparent about the ways we gather, use, exchange and ensure the security of your information is of paramount importance and a vital aspect of our relationship with you.

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

Yes. We make use of industry-standard encryption techniques to protect your sensitive, personal financial information and our funders are ISO 27001 qualified for our dedication to security for our clients and privacy. We employ an exceptionally sophisticated banking verification system to immediately verify your bank account details online to offer a fast response.

About business loans

How do you define asset-based lending (a secured loan)?

An asset-based loan is when the business owner uses the assets they have to make the funds for a loan. The asset may be an individual property, such as the family home or an business asset such as a vehicle as well as a piece of machine.

The majority of the lenders even the major banks, prefer to secure loans against an asset. If you are having difficulty paying back the loan then your assets could be transferred to the lender. In essence, it’s the process of securing new funding taking advantage of the value of what you already have.

Are I require security for a company loan?

For loans up to $150,000 it is not necessary to secure assets upfront to access the money but we do need an individual guarantee. In the event that you fulfill your loan commitments (as stated in your loan contract document) and you are able to meet your obligations, asset security will never be needed. For loans of over $150K typically, you will need an individual ensure and security in the form charges on assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites or auction houses
  • Debt purchasers and debt collection firms
  • Direct marketing including mail order, fundraising, telemarketing, direct-mail etc.
  • Finance lenders and institutions
  • {Firearm related businesses
  • Foreign currency exchange solutions
  • Freight forwarding and customs clearing houses
  • Gambling related industries
  • Not-for-profit organisations, charities and churches etc.
  • Panel beaters & smash repairers
  • Pawnbrokers or pawn shops
  • Property developers
  • Stockbrokers, shares andinvesment businesses
  • Tattoo studios
  • Taxi and ridesharing services
  • Entertainment sales and ticket resellers
  • Tow truck services
  • Used car companies
  • Automotive glass tintingfirms
  • Car wrecking yards

We can’t assist with an unsecured business loan for the above industries, we might be able assist with a secured business loan.

Adelaide Unsecured Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

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1300 932 064