Unsecured Business Loans Brown Owl NZ

In The Next Few Hours, You Could Be On The Right Track To Success WithThe Help Of a Brown Owl Business Loan

Unsecured Business Loans Brown Owl

A Brown Owl unsecured business loan is quick and easy to obtain. Get a quick apporval and begin using the money for your business.

  • Could additional funds assist your business by allowing you to work capital or for the opportunity for growth?
  • What is the financing strategy you are using to fund your company needs?

What to expect:

  • Easy to apply to be approved and receive money as early as tomorrow
  • Optionally no reayments in the initial four weeks
  • The range of borrowing is from $5k to $500K.
  • Terms ranging from 3-36 months
  • Competitive rates of interest rates
  • Minimal docs needed

The eligibility requirements for an unsecured business loan within Brown Owl are fairly minimal.

Call Now 0800 510 024
Business business loans, interest rates and repayment terms and flexible repayment options to fit the requirements of your business needs.
Business Lending Options
I am now able to take time off knowing that it is safe knowing that Brown Owl company will run without a hitch.
Local Business Owner
I can now make coffee for my clients using the very best equipment.
Cafe Owner
Business loans, especially those that are unsecured business loan or line of credit to business funding require never be an tense process. Business finance is in the form of small business loans that have an interest rate and repayment time which is compatible with your business liquidity.
Business Lenders for Business Goals
A seamless loan application process that comes with a high limit on borrowing, no requirements for credit, and no need to provide a business plan. Do not use your personal credit card and company credit cards in order to finance your company.
Unsecured Loans Made Simple
I'm now able to hire a marketer to boost my business to the next stage.
Growing Brown Owl Business
I'm now able to finance the remodel of our brand new Brown Owl resturant without having to borrow cash from other resturants.
Brown Owl Resturant Owner
I'm able to get my tax back in order.
Small Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for business loans in Brown Owl business loans in Brown Owl with us is simple and only takes less than a minute, with no mountains of paperwork or queues.

Approved and receive 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 Brown Owl companies of all kinds, from small to medium-sized entrepreneurs to obtain quick funding so that they can take advantage of loans to build and expand their business.

  • It starts with an easy online application, or phone call
  • Flexible repayment terms to meet the requirements of your business
  • Fast funding within a day or two
  • A team that wants you and your company to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for obtaining an unsecured business loan in Brown Owl of between $5K and $100K are pretty minimal.

  • At least 6 months in business
  • At least $6,000 revenue per month
  • Be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for identification proof
  • Use a New Zealand bank as your principal trading account
  • Bank statements from the past 6 months

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

Here's How Others Have Benefited

Examples of Business Loans

A plumber who has operated their business for three years with the monthly revenue of $80K was looking for more funding. They took out $153K on a 36 month term. All that was required was 12 months of bank statement and confirmation of the loan's status with IRD. The procedure was completed within an hour and the plumber was able to access their working capital in ther account shortly thereafter.
Plumber
After purchasing a pizza shop and two liquor stores six to 12 months earlier the new owners were seeking more funds. The combined revenue was over $500K per month and they were able to borrow $300K and split it into $100K per store with the option of 24- and 36 month terms. There was no security on the owners' homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
A gym that was going for nearly 3 years wanted to grow and was in need of additional equipment. With monthly revenue of $37K they borrowed $72K over a 24 month period. No security was required to secure the loan. It was ready in just 24 hours.
Gym
With the busy Christmas season coming up, a store selling clothing required working capital in order to buy more stock and take advantage of the discount offered by suppliers. They took out a loan of $20K over a period of 12 months, with no asset security required and had the funds in 24 hours.
Clothing Store
A company coach wanted to invest in a well-being as well as beauty company. With a little over 12K in revenue per month the company was able to borrow $24K over 24 months. The loan required 12 months of bank statements and was completed in less than 8 hours.
Business Coach
Simple eligibility checklist

Larger Brown Owl Business Loan Eligibility Criteria

The criteria for eligibility of larger Brown Owl business loans of between $100K and $500K are:

  • Minimum of 3 year’s experience in 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 identification
  • Have an account at a New Zealand bank as your primary account for trading
  • Bank statements for the last 6 months
  • Some financial statements such and Profit & Loss as well as Aged Accounts Payable and Receivable

Do you require a smaller amount of funds? Find out the guidelines for eligibility for our $5K-$100K Brown Owl unsecured company loans.

Business Lending for a Cash Injection

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

A Brown Owl unsecured loan is perfect for almost any company purpose. Get in touch with us today.

  • Renovate or expand a commercial premises
  • Hire more staff for busy periods
  • Increase stock levels to keep pace with demand
  • Make a brand new website or boost your marketing
  • Invest in new tools, equipment or new technologies
  • Purchase extra stock to cover the seasonal demand
  • Manage cash flow fluctuations
  • Plus lots more …

Are you looking to start one of these projects as soon as tomorrow? So, contact us today or send an application online to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All that is needed to begin is your contact details (the name of your company and your name, as well as email and phone), how much you want to borrow, as well as your monthly income.

During the process and before settlement we’ll need confirmation of who you are, but not for starting:

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

After we start when it comes to loans that exceed $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

A gym that was going for nearly 3 years decided to increase its size and required additional equipment. With an average monthly revenue of $37K they borrowed $72K over a month period. The loan was not secured and the loan was ready in 24 hours.
Gym
A plumber who's been in business for 3 years with monthly sales of $80K was looking for more funding. They took out a loan of $153K for 36 months. All that was needed is 12 months worth of banking statement and confirmation of the loan's status with IRD. The process was completed within a day and the plumber received their additional working capital in ther account within a short time.
Plumber
The owner of a small grocery store that earned $70K per month borrowed $76K over a 24-month period with no repayments during the initial 4 weeks. This required 12 months of bank statements. The turn around time was 6 hours from the time of application until receiving the money.
Grocery Store Small Business Loan
With the busy Christmas time coming up, a store selling clothing needed additional working capital to purchase more inventory and benefit from a supplier discount. They were able to borrow $20K for 12 months with no asset security required and had the funds in less than 24 hours.
Clothing Store
When they purchased a pizza shop and 2 liquor stores six to 12 months prior, the new owners were seeking additional funds. The total revenue of the two stores was more than $500K per month and they were able to borrow $300K, split out as $100K per store on an option of both 24 and 36 month terms. No security over the owner's houses was required.
Owner of a Pizza Store & 2 Liquor Stores

Unsecured Business Loan Brown Owl NZ 5018

The lending landscape has changed

In the wake of traditional lenders and banks tightening credit conditions, the steady stream of non-bank and alternative loan providers that are entering the market offers an excellent source for you to make use of.

Brown Owl SME’s are now being able to get finance from alternate lenders servicing Brown Owl who are focused on enabling company growth or smoothing the cash flow problems. In the past, when the personal sources of credit (drawing equity from a home loan, or using credit cards or personal loans, as well as the overdraft) was the sole alternative financing services available in Brown Owl that were available.

There is now not a requirement of having to depend on real estate to secure business lending. With an unsecured loan business financing is easy. Instead of a loan for a term with a bank, business finance for an SME with interest rates and loan terms that can help with cash flow are around as business loans.

 

 

High level summary

Separate personal and business debt

There are numerous benefits with the separation of personal and business debt.

  • Your home or other investmentsaren’t tied to allow access to funds
  • It is the business stands in more favourable position to build its own, clear credit history
  • It is significantly more straightforward when it comes to tax time
  • Companies can quickly view how they are performing, monitor and plan on being able to easily assess their cash flow position

Lower your risks, and make tax times easier, get started with an unsecure busines loan. Make an application today.

For those who like the detail

Separate personal and business debt

Risk

One major benefit of keeping your personal and company assets separate will be the fact that your house isn’t necessarily tied up to access the funds. For a modest business loan in Brown Owl up to $100K asset security won’t be required as long as the borrower meets the loan requirements.

Credit history

Companies will be in a favourable long-term financial position if they can demonstrate good credit/debt ability to service.

Tax

It is crucial to separate personal from business finances makes it significantly more seamless when it comes to tax time - particularly when determining what is the tax-deductible amount. The IRD has laid out rules on the evidence required for claiming deductions on an organisation’s tax return. This is a subject that the IRD has advised specifically on.

Cash flow

Effective management of cash flows is crucial to the longevity for any company. By maintaining personal as well as business finance separate, companies can easily view how they are performing, monitor and plan on the ability to effectively evaluate their cash flow situation.

I'm now able fund the remodel of our brand modern Brown Owl resturant without having to take cash from other ones.
Brown Owl Resturant Owner
I am now able to take an extended vacation knowing that it is safe knowing that Brown Owl business will run without a hitch.
Local Business Owner
I can now make the coffee I serve my clients using the best equipment.
Cafe Owner
I can now hire an expert marketer to increase the success of my business to the next level of business growth.
Growing Business
I'm able to get my tax back to keep me on track.
Small Business Owner
A simple loan application process with a generous loan limit, with minimal requirements for credit and no need to provide a business plan. Don't use your personal credit card and company credit cards in order to finance your business.
Unsecured Loans Made Simple
Business loans, in particular an unsecured business loan or line of credit to business financing need never be an stressful process. Finance for a company in the shape of small business loans at a fixed interest rate and repayment period that fits your business cash flow.
Business Lenders for Business Goals
Business loans with interest rates and repayment terms, as well as flexible repayment options that can be tailored to what your company requirements.
Business Lending Options
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Brown Owl Small Business Loans

Let me know about the Brown Owl Small Business Loans

Brown Owl unsecured loans provides the range of $5,000 to $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments, which are either daily or weekly.

How is what makes the Unsecured Loan different from a traditional business loan?

It is possible to apply for this Small Business Loan in under 10 minutes by phone. You will receive an answer within the same day and the money could be in your account in 24 hours. Traditional company loans are based on an interest rate per annum plus other fees and charges. We offer a company loan is an upfront priced loan which means you know ahead of time the total amount to be paid, including any interest, fees or charges. This is then broken down into weekly or daily amount to be paid back.

What can the Small Business Loan be used for?

The Small Business Loan can be used for virtually any company need, such as cash flow management, business remodeling, marketing for purchasing inventory or new equipment, to fund general working capital, and much more. The loan is not available to fund personal expenses.

About the Larger Brown Owl Business Loans

What is the Larger Brown Owl Business Loan?

The Larger Business Loan is a larger amount of loan to help business growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term for up to 36 months. Repayments are weekly or fortnightly to work with your situation.

How is the Origination Fee determined?

It is important to note that the Larger Business Loan has an Origination Fee, which is determined at 2.5 percentage of the amount of the loan.

Am I eligible for the Larger Business Loan?

To qualify for a loan in this amount the company needs to be trading for at least 3 years, and have an annual income of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand business (with a valid NZBN/IRD) and be able to prove at least 12 months of trading.

How can the funding be used for?

A Business Loan of a larger size can be used for nearly any company need, including business remodeling, buying equipment or inventory for general working capital and much more. The loan cannot be used for personal reasons.

Is the Larger Business Loan one that requires security?

Asset security is needed to obtain funding above $150,000. It’s as a result of an charge on assets and can be registered on the PPSR or registering as a caveat.

A personal or director’s ensure is a guarantee to repay credit that is general in nature rather than stipulating the security for a particular asset. The person who is signing the ensure is personally responsible if the business lender is not able to re-pay the debt.

The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including objects or assets). The PPSR gives the priority of personal property granted depending on the date that a security interest has been registered.

A caveat is a legal document lodged to offer notice of a legal claim on a property.

What is a pre-approval without Credit Check?

If you’re applying for the Larger Business Loan of more than $250K we can offer an initial pre-approval to make the process. We could be able to make this decision without a credit check, and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes answering a couple of financial well-being checks. It is neither an offer nor a guarantee of funds. Acceptance without condition is subject to a full credit assessment and any offer you receive could be based on different conditions.

Application process

Do I have the right to receive funds?

You may apply for a company loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are over the age of 18 and own a New Zealand company (with a valid NZBN/IRD)
  • you must demonstrate at minimum 6 months of trading (for a unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K - $500K)

How do I apply?

The application process is quick and easy. Complete the online form within a couple minutes, and an experienced company expert in lending will be in touch to assist you.

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

If you’re looking for loans with larger sizes, you’ll need:

$100K to $250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Application details including credit consent as well as 12 months bank statement, an IRD statements Last 2 years’ finalised financial statements, as well as interim current financial year financials, Aged Payables and Aged Receivables Summary.

How quickly will I receive an answer?

For an unsecured loan ($5K to $100K) We can usually offer an answer in just one hour if you submit your request during standard company hours and permit us to utilise the bank verification system to immediately verify your bank account information online. If you decide to upload copies of your bank statement, we’ll offer a decision within the span of one business day.

For Larger Business Loans ($100K and up) we may be in a position to offer you with a conditional pre-approval within 6 hours. After you’ve signed your pre-approval form, it will take around 2-3 days for final approval, however this may be quicker depending on the particular circumstances of each application. Some offers have been approved within 24 hours.

The fastest way would be to ensure you apply during standard business hours, and allow us to use the advance bank verification link to instantly verify your bank information online. If you opt to upload documents from your account accounts, it will take a little longer.

How quickly will I receive the money?

For the Small Business Loan ($5K and up) We can usually provide an answer in just one hour, provided you make your application during standard business time and let us make use of the advanced bank verification system to immediately verify your bank account information online. If you choose to upload copies of your bank statements, we are able to offer the decision within one business day.

For the Larger Business Loans ($100K up to $500,000) we might be able to provide you with pre-approval conditional to your application within about 6 hours. Once you’ve signed the pre-approval document, you will require to wait about 2-3 days for final approval. However, this may be quicker depending on the particular circumstances of each application. Certain transactions have received approval within 24 hours.

The fastest way can be make sure you apply during normal business hours. You can also allow us to use the advanced bank verification system link to instantly verify your bank account information online. If you opt to upload documents from your account statement, it takes a bit longer.

How much can I borrow?

We provide loans ranging from $5,000 to $500,000. When you make an application for a particular amount, we look at a variety of variables to determine the well-being that is your company and the amount of repayments that your company is able to afford. The total amount of your loan will depend on the specific circumstances the business.

When you submit an application for a particular amount, we consider a variety of aspects to assess how much we can lend you such as well-being that is your company and the amount of repayments that your business can support. The amount you receive from your loan will depend on the particulars the business.

Fees & repayments

How much do you charge for the cost of a company loan?

When you make an application for business loans with us business credit, we will assess the risk profile the company and offer you with a tailored proposal that includes loan amount, term and the interest rates. It is a business loan is an upfront-priced loan therefore you will know the exact amount due, which includes any interest rates, fees or charges.

What determines the amount I will be charged?

Business loan interest rates depend on several factors such as the amount that is borrowed, what business assets the money are used to purchase and the sector the business operates in, the long the business is in operation for, in the event that the company has sufficient cash flow to support the loan, and general health as well as creditworthiness company.

What are the costs?

There are no hidden fees with our company loans, and you’ll be aware of the amount you’ll be required to pay, and at what time, from the day you sign up. There’s no compounding interest and the loan comes with no additional fees (as long as you are able to make your payments punctually).

We do not charge an Application Fee. You can apply for a loan with absolutely no upfront cost and no commitment to apply.

The Origination Fee covers the expenses involved in establishing and managing the loan. It is only charged for this cost if you take out the loan. Our Origination Fee is 2.5% of the amount of the loan.

Do I have the option of paying off the loan earlier?

You can decide to repay the total amount of your loan at any point in time.

If you are deciding to do this please call our helpful business loans experts. They’ll provide you with repayment details along with an early payout estimate. This is calculated as the total of the principal amount remaining and the accrued interest up to the time of early payment in addition to 1.5% of the remaining principal plus any outstanding fees.

What are the repayment methods?

To make sure that you don’t miss repayments and to fit in your cash flow schedule, we offer repayments either weekly or daily. They are automatically deducted from your company account.

Security & privacy

Will my information be secure?

Security of your data, and being transparent about how we collect the information we collect, use, share and ensure the security of your information is vital and an integral part of our relationship you.

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

Yes. We employ industry-recognised encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our dedication to protecting the security of customers and privacy. We use an advanced bank verification system that allows you to immediately verify your bank account details online to offer rapid response.

About business loans

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

An asset-based loan is when an business owner utilises the assets they have to secure the loan. The asset can be a personal asset like the family home, or a business asset such as a vehicle or piece or equipment.

The majority of the lenders not just the big banks, tend to guarantee loans against an asset. If you’re having trouble paying back the loan, then your asset may be sold by the lender. In essence, it is means of securing new financing taking advantage of the value of what you already have.

Are I need security to get a company loan?

For loans of up to $150K, it is not necessary to secure assets in advance to gain access to the funds However, we require a personal guarantee. require a personal guarantee. So long as you comply with the loan terms (as stated in your loan contract document) Asset security is not needed. If you take out loans in excess of $150,000 generally there is the option of a personal guarantee and security in the form of a charge over assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction houses & auction websites
  • Debt collection companies & debt purchasers
  • Direct marketers such as fundraising, telemarketing, mail order, direct-mail etc
  • Finance institutions or lenders
  • {Firearm dealers
  • Foreign currency exchange offerings
  • Customs clearing houses and freight forwarding
  • Gambling related industries
  • Not-for-profit organisations, charities and churches etc
  • Panel beaters & smash repairers
  • Pawn shops or pawnbrokers
  • Property developers
  • Investment business, shares or stockbrokers
  • Tattoo palours
  • Ride-sharing or taxi services
  • Ticket resellers & entertainment sales
  • Vehicle towing services
  • Used car dealerships
  • Vehicle glass tintingcompanies
  • Automotive dismantlers

We can’t assist with an unsecured business loan in those industries, we might be able to help you with the secured business loan.

NZ Working Capital Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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Apply Now

Contact Us

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0800 510 024