Unsecured Business Loans Massey NZ

If You Do This Today, You'll Be On The Right Track To Success With a Massey Business Loan

Unsecured Business Loans Massey

A Massey unsecured business loan is simple and quick in applying for. Get a quick apporval and start using the funds for your company.

  • Could additional funds assist your business in working capital, or to realise a growth opportunity?
  • What is the financing strategy you are using to fund your business requirements?

You can expect:

  • Easy process to fill out to be approved and receive the funds will be available as early as tomorrow
  • No reayments are permitted in the first four weeks
  • Amount of loan from $5k up to $500K
  • Terms from 3-36 months
  • Competitive interest rates
  • Minimal documentation needed

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

Call Now 0800 510 024
Simple loan application procedure that comes with a high loan limit, with minimal requirements for credit, and no need to provide a business plan. Do not use your personal credit card or business credit card to finance your business.
Unsecured Loans Made Simple
I'm now able take vacation knowing that my Massey company will run effortlessly.
Local Business Owner
I'm now able to finance the construction of our new Massey resturant without having draw cash from other restaurants.
Massey Resturant Owner
I can now hire a marketing expert to help me take my company to the next level.
Growing Massey Business
I am now able to make beverages for customers using the very best equipment.
Cafe Owner
I can get my tax back to keep me on track.
Small Business Owner
Business loan interest rates and repayment terms, as well as flexible repayment options to meet your business needs.
Business Lending Options
Business loans, specifically those that are unsecured business loan or line of credit to business funding require never be an stressful process. Business finance in the form of small business loans with an interest rate and repayment time which is compatible with the needs of your business cash flow.
Business Lenders for Business Goals
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for an business financing within Massey with us is simple and only takes some minutes, without lengthy forms or lines.

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

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our purpose is to assist Massey companies of all sorts small, medium even entrepreneurs to obtain funding fast so they can use the loan to expand and develop.

  • It starts with an easy online application or a phone call
  • Flexible repayment terms to suit your company
  • Fast funding within a day or two
  • A team of people who want both you and your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • The minimum period of 6 months for which you must be in business
  • At least $6,000 in income per month
  • You must be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification proof
  • Use an account with a New Zealand bank as your main trading account
  • Bank statements for the last 6 months

Are you looking for additional funding? Find out the guidelines for eligibility for our $100K to $500K company financing.

Here's How Other People Have Benefited

Examples of Business Loans

When they purchased a pizza shop and 2 liquor stores six to 12 months prior, the new owners were seeking additional cash. The combined revenue was over $500k per month. They could borrow $300K. This was then split as $100K for each store, with the option of 24- and 36 month terms. There was no security on the owners' homes was required.
Owner of a Pizza Store & 2 Liquor Stores
An interior designer had noticed an opportunity to increase the size of their company and required working capital in order to finance this growth. With monthly revenue of $300K they took out a loan of $250K for 24 months. Their turnaround time was just 2 days and all they had to present was 12 months of bank statements, IRD confirmation, and trust deed.
Interior Designer
A plumber who has worked in the business for three years and has 80K in monthly sales was looking for more funding. They were able to borrow $153K over 36 months. The only thing needed is 12 months worth of banking statements as well as confirmation from the IRD. The process was complete within one day, and the plumber got their extra working capital in their account shortly thereafter.
Plumber
The busy Christmas season was fast approaching, a clothes store required working capital in order to finance additional inventory and benefit from the discount offered by suppliers. They secured $20K over the course of 12 months, with no security of assets required. They received the funds within 24 hours.
Clothing Store
The owner of a restaurant wanted to open a second location and needed money to fund the fit out. Their bank wasn't willing to help. Their typical monthly earnings was $50K, and they were able to borrow $66K over 24 months. Turnaround was only 8 hours.
Restaurant Owner
Simple eligibility checklist

Larger Massey Business Loan Eligibility Criteria

The criteria to be eligible for the larger Massey business loans of between $100K to $500K comprise:

  • Minimum of 3 year’s experience in business
  • At least $700K in annual revenue
  • Be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as identification proof
  • 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

You are looking for a lesser amount of funds? Find out the conditions for eligibility for our $5K to $100K Massey unsecured business loans.

Business Lending for a Cash Injection

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

A Massey unsecured loan is great for virtually any company reason. Talk to us today.

  • Add or remodel the commercial space
  • Grow the team during busy times
  • Increase stock levels to keep up with demand
  • Build a new website or increase your marketing
  • Invest in new tools, equipment or new technologies
  • Make sure you have extra stock on hand to meet the seasonal demand
  • Manage cash flow fluctuations
  • Plus many more …

Want to get started on one of these idea as quickly as tomorrow? Then get in touch with us or apply online now to get the fastest and most effective process.

Quick application checklist

What do you need to apply

All that is needed to begin is your contact information (the name of your company, your name, email address and telephone) as well as the amount you’d like to lend, and your monthly revenue.

In the course of the process and before settlement we’ll require confirmation of your identity, but not for starting:

  • 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 in the process, for loans of more than $150,000 you’ll need the following financial statements:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

A company coach was seeking to invest in a health and beauty business. With a little over $12K in monthly revenue the company was able to borrow $24K over 24 months. The loan required 12 months of bank statements and was done in only 8 hours.
Business Coach
The owner of a modest grocery store that earned $70K per month borrowed $76K over a 24-month term , without making any repayments during the initial 4 weeks. This was contingent on 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
A plumber who's operated their business for 3 years with the monthly revenue of $80K was in require of more funds. They borrowed $153K over the course of 36 months. All that was required were 12 months' worth of statements and confirmation of the status with IRD. The process was completed in less than just a few hours and the plumber had their extra working capital available in their account shortly thereafter.
Plumber
With the busy holiday season nearing, a clothing store required working capital in order to buy more stock and take advantage of the discount offered by suppliers. They were able to borrow $20K for 12 months without collateral for their assets, and they had the funds in 24 hours.
Clothing Store
A restaurant owner was wanting to open a second location and needed funds for the renovation. Their bank was not interested in helping. The average monthly income for them was $50K, and they were able to get a loan of $66K in 24 months. The turnaround time was just 8 hours.
Restaurant Owner

Unsecured Business Loan Massey NZ 0614

The lending landscape has changed

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

Massey SME’s are now being able to get finance from alternative lenders that service Massey who are focused on enabling business expansion or smoothing cash flow challenges. The past was when private credit options (drawing equity from a house loan, or by using credit cards and personal loans as well as overdrafts) were the only alternative financing services in Massey that were around.

There is now no need to rely on real estate to secure company loan. With an unsecured loan, business financing is now easy. Instead of a traditional term loan from the bank, business finance for a small business with interest rates and loan terms that can help with cash flow is available as business loan options.

 

 

High level summary

Separate personal and business debt

There are many benefits in separating personal from company debt.

  • Your home, or other investments, aren’t tied up to allow access to funds
  • It is the company is in a much better position to create its own, solid credit history
  • It is significantly more straightforward during tax time
  • Companies can quickly view how they are performing, monitor and plan on being able to easily assess their cash flow position

Limit your exposure, and make tax times easier, get started with an unsecure loan for business. Get it today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your private and company assets separate is that your house does not have to be tied to the funds. If you’re looking for a small business loan within Massey up to $100K an asset security agreement will not be required so long as the borrower is able to meet their loan obligations.

Credit history

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

Tax

It is important to separate personal from company finances makes it more straightforward in the event of tax time - particularly when determining what is the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has set out rules on the evidence required in order to deduct deductions from the tax return of a company. This is an area the IRD have specifically advised on.

Cash flow

A well-organised cash flow management system is vital to the longevity in any company. By keeping the personal financial and business finances separate, businesses can easily view the situation, track and plan based on their ability to accurately examine their cash flow.

Business loan interest rates and repayment terms as well as flexible repayment options to suit the needs of your company needs.
Business Lending Options
Business loans, especially those that are unsecured business loan or line of credit for business funding require have no stressful procedure. Business finance can be in the form of small business loans with an interest rates and repayment term that fits the requirements of your business financial needs.
Business Lenders for Business Goals
I can now hire a marketing expert to boost my company to the next level of business growth.
Growing Business
I can get my tax back to keep me on track.
Small Business Owner
An easy loan application process with a huge limit on borrowing, no credit criteria and there is no requirement to submit a business plan. Stop using your personal credit card and business credit cards as a way to fund your company.
Unsecured Loans Made Simple
I'm now able fund the fitout of our new Massey resturant without having to pull cash from the other ones.
Massey Resturant Owner
I am now able to take vacation knowing that my Massey company will run smoothly.
Local Business Owner
I can now make beverages for customers using the best equipment.
Cafe Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

More about the Massey Small Business Loans

Let me know about the Massey Small Business Loans

Massey unsecured loans offers amounts between $5,000 and $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 an traditional company loan?

It is possible to apply to get this Small Business Loan in under 10 minutes on the internet or by phone. You will receive a same day response and funds may be in your account in 24 hours. Traditional business loans have an annual rate of interest plus other fees and charges. We offer a company loan is a loan that is priced upfront which means you know in advance the total amount to be paid, including the interest, fees and charges. Then, it is broken down into either weekly or daily payment amount.

What could the Small Business Loan be used for?

It is a Small Business Loan can be used to fulfill almost every business purpose including control of cash flow company remodeling, marketing to purchase inventory or new equipment, to fund general working capital, and much more. The loan cannot be used for personal reasons.

About Larger Massey Business Loans

What is the Larger Massey Business Loan?

The Larger Business Loan is a larger loan size to support company growth opportunities. Loans range between $100,000 and $500,000 with a fixed-term that can last up to 36 months. The repayments are made weekly or fortnightly depending on the flow of cash.

How is the Origination Fee calculated?

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

Am I eligible for the Larger Business Loan?

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

What can the funds be used for?

A larger business loan can be used for nearly all business need, including company renovations, to purchase new equipment or inventory for general working capital and so much more. The loan cannot be used for personal purposes.

Is the Larger Business Loan one that is secured?

Asset security is needed for accessing funds over $150,000. This is as a result of an charge over assets and can include the registration of this with the PPSR or the registration of as a caveat.

A director’s or personal guarantee is a guarantee to repay a loan which is general in nature, rather than defining security over a particular asset. The person signing the ensure is personally liable if the business lender is not able to pay back the debt.

The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It lists security interests that are that are registered for personal property (including objects or assets). The PPSR grants prioritisation over property that is personal to be granted according to the date a registration of a security interest.

An affidavit is an official document filed to provide notice of a legal claim to a property.

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

If you’re applying for the Larger Business Loan that is greater than $250K it is possible to offer an initial pre-approval to smooth out the process. We could be able to apply for this without a credit verification and within six hours of your initial application. This pre-approval is made based on an initial evaluation that involves you answering some financial well-being questions. This is neither an offer nor a guarantee of financing. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer that you receive could be based on different conditions.

Application process

Are I eligible for funding?

You may apply for a business 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)
  • you must demonstrate at minimum 6 months’ worth of transactions (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 simple and simple. Just complete the online application in few minutes and an experienced business lending specialist will call you to assist you.

For a loan of up to $100,000 you’ll need identification details (valid Driver’s Licence), a valid NZBN/IRD and at least six months worth of bank statements.

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

$100K – $250K: Information about the application including credit consent, 6 – 12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K to $500K: Details of the application, including credit consent and 12 months of bank records, IRD statements and the last two years’ finalised financial statements, and interim financials from the current financial year such as age-related payables and aged Receivables Summary.

How fast will I get a decision?

For an unsecured loan ($5K to $100K) we typically offer an answer within one hour if you apply within standard company hours and you allow us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you decide to upload copies of your bank statements we can offer a decision within just an company day.

For Larger Business Loans ($100K up to $500,000) we could be likely to provide you with pre-approval conditional to your application within about 6 hours. After you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, this could be shorter based on the circumstances of each application. Some agreements have been approved within 24 hours.

The quickest method is to ensure you apply during standard company hours, and allow us to use the advance bank verification to instantly check your bank’s information online. If you choose to send us duplicates of your banking statements , it takes a bit longer.

What is the time frame to receive the cash?

For the Small Business Loan ($5K to $100K) We can usually offer a response in one hour – provided you apply in standard business hours and allow us to use the advanced bank verification system link to immediately verify your bank account information online. If you opt to send us copies of your bank statements, we are able to offer the decision within an business day.

If you are applying for Larger Business Loans ($100K and up) we may be capable of provide you with a conditional pre-approval within six hours. Once you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this can be faster depending on the specifics of each application. Some deals have been approved within less than 24 hours.

The quickest method can be make sure you apply during standard business hours. Also, permit us to use the advance bank verification to instantly verify your bank information online. If you send us documents from your account accounts, it takes a bit longer.

How much can I borrow?

We provide loan amounts between $5,000 to $500,000. When you submit an application for a certain amount, we consider a variety of factors for determining your health that is your company as well as the amount of repayments your company can support. The amount you receive from your loan will depend on the specific circumstances of your business.

When you make an application for a particular amount, we will consider a number of aspects to assess how much we can lend you such as well-being that is your company and the amount of the repayments your company can support. The total amount of your loan will be contingent on the specifics that are unique to your business.

Fees & repayments

What is the cost for the cost of a company loan?

If you decide to request the company loan, we’ll assess the risk assessment the company and provide you with a customised offer that includes the amount of loan, the term and interest rates. This business loan is a loan that is priced upfront therefore you will know the exact amount to be paid, including any charges, interest rates or fees.

What is the factor that determines the price I pay?

Interest rates for business loans rates depend on a variety of factors like the amount of money borrowed, what business assets the funds will be used for in addition to the industry that the company operates in, how long the business has been operating, what percentage of the company has enough cash flow to cover the loan, and general well-being and creditworthiness of the business.

What are the fees?

There are no hidden costs for our company loans, and you’ll know exactly how much it is that you be required to pay, and when, right 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 can get a cash loan no cost upfront or obligation to proceed.

The Origination Fee includes the expenses associated with establishing and managing the loan. The only way to pay this fee if you choose to proceed with the loan. Our Origination Fee is 2.5% of the amount of the loan.

Can I pay off the loan early?

You can choose to repay the total amount of your loan early at any time.

If you choose to pursue this option, please speak to our friendly company loan experts. They will offer you with details for repayment as well as an early payout amount. This will be calculated as the sum of the remaining principal amount and accrued interest to the time of the early payout and 1.5 percent of the principal remaining and any outstanding fees.

What are the repayment methods?

In order to help you avoid missing repayments and to fit in with your cash flow routine, we provide repayments either weekly or daily. They will be automatically deducted from your designated business account.

Security & privacy

Will my data be secure?

Making sure that your information is secure, and knowing how we collect data, process, exchange and secure your information, is of paramount importance and a vital part of our relationship with you.

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

Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our commitment to security for our customers and privacy. We make use of an advanced bank verification system that allows you to instantly verify your bank account information online so we can provide an immediate response.

About business loans

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

An asset-based loan is when an company owner uses assets they own to get a loan. The asset can be an individual asset, such as the family home or a business asset such as a vehicle or other piece of machinery.

The majority of lending institutions, not just the big banks, tend to guarantee loans against an asset. If you’re struggling to pay back the loan, the asset could be transferred to the lender. In essence it is an opportunity to secure new financing using the worth of the asset you already own.

What do 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, however we require a personal guarantee. require the personal guarantee. As long as you follow your loan obligations (as specified in your loan contract), asset security will never be needed. For loans over $150K typically, you will need a personal ensure and security that is in the form charges on assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction houses or auction websites
  • Debt collection agencies & debt purchasers
  • Direct marketers including mail order, fundraising, telemarketing, direct-mail etc
  • Financial lenders or institutions
  • {Firearm dealers
  • Foreign currency exchange solutions
  • Freight forwarding and customs clearing houses
  • Gambling related industries
  • Not-for-profit organisations, charities, churches etc
  • Smash repairers and panel beaters
  • Pawnbrokers & pawn shops
  • Property developers
  • Shares, stockbrokers and investment businesses
  • Tattoo studios
  • Taxi or ride sharing services
  • Entertainment sales and ticket resellers
  • Tow truck services
  • Used vehicle dealerships
  • Vehicle glass tintingfirms
  • Car wrecking yards

Although we can’t help with an unsecured business loan for these industries, we may be able to assist with a secured business loan.

NZ Working Capital Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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0800 510 024