A Birkenhead unsecured business loan is quick and simple to apply for. Get a quick apporval and begin using the money for your business.
You can expect:
The eligibility requirements for an unsecured business loan in Birkenhead are fairly minimal.
Call Now 0800 510 024The process of applying for an business financing within Birkenhead with us is easy and takes just less than a minute, with no mountains of paperwork or queues.
Be approved and receive your cash within 1 to 2 business days.
We are aiming to assist Birkenhead businesses of all kinds, including medium, small and even solopreneurs to access funding fast so they can take advantage of loans to expand and develop.
The criteria for eligibility for an unsecured business loan in Birkenhead of between $5K and $100K are pretty minimal.
Do you need more money? Take a look at the eligibility requirements for our $100K-$500K company credit.
The criteria to be eligible for larger Birkenhead company loans of between $100K to $500K comprise:
Looking for a smaller amount of capital? Check out the conditions for eligibility for our $5K to $100K Birkenhead unsecured company loans.
A Birkenhead unsecured loan is ideal to use for every company use. Get in touch with us today.
Do you want to start working on one of these idea as quickly as tomorrow? Contact us or send your application online for the quickjest fasted way.
All that is needed to start is your contact details (company name, your name, email or phone number) along with the amount you’d like to lend, and your monthly revenue.
During the process and before settlement we will need confirmation of who you are, but not for starting:
After we start when it comes to loans of more than $150,000 you will also need basic financial statements.
Let’s get started.
With banks and traditional lenders increasing their credit requirements and the constant stream of non-bank and alternative loan providers that are entering the market offers an incredible source to access.
Birkenhead SME’s are now capable of accessing finance through other lenders in Birkenhead who are focused on facilitating company growth or smoothing out problems with cash flow. The past was when personal credit sources (drawing equity from the house loan or credit cards or personal loans, as well as loans) provided the most viable alternative financing services within Birkenhead that were around.
There’s not a need to depend on using real estate to secure company lending. With an unsecured loan, business funding is simple. Instead of a term loan with a bank, business finance for a small business with interest rates and loan terms that aid with cash flow is available as business credit options.
There are substantial benefits associated with the separation of personal and business debt.
Reduce your risk, make the tax process much easier. Get started with an unsecure busines loan. Make an application today.
One of the main benefits of keeping your personal and company assets apart can be that your house isn’t tied to allow access to the funds. If you’re looking for a small business loan in Birkenhead up to $100K the security of assets won’t be required as long as the borrower meets the loan requirements.
Businesses are in a more favourable long-term position if they can demonstrate good credit/debt serviceability.
A separation between personal and company finances makes it significantly more seamless with regards to tax time - particularly when determining what is the tax deductible allocation. The IRD has outlined the requirements for evidence in order to deduct deductions from the tax return of a company. This is an area the IRD have specifically advised on.
Effective management of cash flows is crucial to the long-term survival of any business. Through keeping personal and business finances distinct, companies can easily view their cash flow, plan and monitor it based on their ability to easily assess their cash flow position.
Birkenhead unsecured loans offers amounts between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow friendly repayments, which are either daily or weekly.
Apply to get the Small Business Loan in under 10 minutes online or on the phone. You’ll receive an answer within the same day and have the funds in your account within 24 hours. Traditional company loans refer to an interest rate per annum plus other fees and charges. The company loan is a loan that is priced upfront which means you know ahead of time the total amount to be paid, including any interest, fees or charges. Then, it is broken down into weekly or daily installment amount.
The Small Business Loan can be used for almost any business need, such as cash flow management, company remodeling, marketing for purchasing inventory or new equipment, to fund general working capital and so much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger amount of loan to help company expansion opportunities. Loans range between $100,000 and $500,000 with a term fixed for up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate your cash flow.
The Larger Business Loan has an Origination Fee which is calculated at 2.5% of the amount of the loan.
To be eligible for a loan in this amount the company needs to be trading for at least 3 years and generate an annual revenue of at least $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.
A large business loan can be used to fund almost every company use, including business renovations, to purchase inventory or new equipment, as general working capital and so much more. The loan cannot be used to fund personal expenses.
Asset security is required to access funding over $150,000. This can be done in the form of a charge on assets, which could also include registering this on the PPSR or making a caveat.
A director’s or personal guarantee is a guarantee to repay credit that is general in nature, rather than stating security over a particular asset. The person who signs the guarantee is personally liable in the event that the company creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It contains security interests that are registered for personal property (including items or assets). The PPSR permits priority over personal property to be assigned according to the date a security interest was registered.
A caveat is a legal document that is filed to offer the public notice of a legal claim to a property.
When you’re applying for the Larger Business Loan that exceeds $250,000 we may be able to provide an initial pre-approval that will help smooth out the process. We may be able to get this done without a credit check, and within 6 hours of the initial application. This pre-approval is made based on an initial assessment that includes answering a couple of financial health checks. This is neither an offer nor a guarantee of financing. Acceptance without condition is subject to an extensive credit evaluation and any offer that you might receive could be based on different conditions.
You can apply for an business loan if you:
The process for applying is fast and simple. Just complete the online application in just a few minutes, and a dedicated company loan specialist will call you to help you.
For a loan of up to $100,000 you’ll require the right identification documents (valid Driver’s License) and an NZBN/IRD that is valid and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K – $250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Application details including credit consent as well as 12 months of bank records, IRD statement Last 2 years’ finalised financial statements, as well as interim financial statements for the current year such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K up to $100,000) we usually provide a response in one hour – as long as you submit your request within standard company timings and let us use the advanced bank verification system to instantly verify your bank’s information online. If you decide to send us copies of your bank statements , we will be able to provide an answer in just 1 business day.
For the Larger Business Loan ($100K up to $500,000) we may be likely to offer you with pre-approval conditional to your application within about six hours. After you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, this can be quicker based on the particular circumstances of each application. Certain deals have been approved in the space of 24 hours.
The quickest method can be make sure you apply during normal company hours. Also, let us use the advanced bank verification system to confirm your bank details online. If you opt to send us copies of your bank statement, it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) We can usually provide an answer within one hour – provided you make your application in normal business time and allow us to use the bank verification system to immediately verify your bank account information online. If you want to send us copies of your bank statement, we’ll offer the decision in as little as 1 business day.
If you are applying for Larger Business Loans ($100K up to $500,000) We may be capable of provide you with conditional pre-approval in around 6 hours. Once you have signed the pre-approval form, it will take between 2 and 3 days for the final approval, however this can be faster depending upon the circumstances for each application. Certain agreements have been approved in 24 hours.
The quickest method would be to ensure you apply during normal business hours. You can also allow us to use the advanced bank verification system link to verify your bank information online. If you opt to send us documents from your account statements it can take a bit longer.
We offer the loan amount between $5,000 and $500,000. If you apply for a certain amount we take into consideration a range of elements that determine what is the health that is your company and the extent of repayments that your business can support. The total amount of your loan will depend on the particular circumstances the business.
When you make an application for a set amount, we consider a variety of variables to assess how much we can lend you such as well-being for your company and the extent of repayments that your company can afford. The amount you receive from your loan will be determined by the particulars of your business.
When you apply for the business loans, we will assess the risk assessment the business and offer you with a customised offer that includes the amount of loan, the term and interest rates. It is a company loan is a loan that is priced upfront therefore you will know the exact amount due, which includes any interest rates, fees or charges.
The interest rates on company loans rates vary due to factors like the amount of money that is borrowed, what business assets the funds are used to purchase, the industry the business operates in, how long the company has been operating for, whether the company has sufficient cash flow to pay for the loan, and the overall well-being and creditworthiness of the company.
There are no hidden fees for our business loans, and you’ll know precisely what it is that you need to pay, and when, right from day one. There’s no compounding interest and the loan comes with no additional fees (as long as you make your payments in time).
We do not charge an application fee. You can get a cash loan with no cost upfront or obligation to proceed.
The Origination Fee includes the expenses associated with the setting up and management of the loan. The only way to pay this cost if you take out the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You can decide to repay the entire amount of the loan early at any time.
If you decide to take this route, please talk to one of our helpful company credit experts. We will provide you with details for repayment as well as an early payout amount. This will be calculated as the total of the principal amount remaining plus any accrued interest as of the time of the early payout in addition to 1.5% of the principal balance and any fees that remain unpaid.
To help you avoid missing payments and to work your cash flow cycle we provide payments that are either weekly or daily. These are automatically withdrawn from your nominated business account.
The security of your personal information, as well as knowing how we collect information, use it, and exchange it, as well as ensure the security of your information is of paramount importance and is an essential aspect of our relationship with you.
Yes. We employ industry-recognised encryption techniques to protect your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to security for our customers and privacy. We make use of an advanced banking verification system to immediately verify the bank account details online, allowing us to provide a fast response.
The term "asset-based" refers to borrowing where a business owner utilises the assets they have to obtain a loan. The asset can be an asset belonging to the personal, like the family home or an business property like a truck or other piece of machinery.
The majority of the lenders including the major banks, prefer to secure loans against an asset. If you are having difficulty paying back the loan, the asset could be transferred to the lender. In essence it’s means of securing additional financing using the worth of the asset you already have.
For loans of up to $150,000, the requirement for asset security is not required prior to the loan’s access, however we do need a personal guarantee. As long as you follow the loan terms (as detailed in your loan contract) Asset security is not required. For loans that exceed $150,000, generally, there is the option of a personal ensure and security in the form charges on assets.
Although we cannot assist with an unsecured business loan in these industries, we may be able to assist you with the secured business loan.
