Unsecured Business Loans Petone NZ

Today, You'll Be Getting Ready For Success By Obtaining a Petone Business Loan

Unsecured Business Loans Petone

A Petone unsecured business loan is quick and simple to obtain. Apply for a loan quickly and use the money for your company.

  • Do you think that additional funds could help your business with working capital or to realise a growth opportunity?
  • How are you financing your business needs?

What to expect:

  • Easy process to fill out and receive approval and the funds will be available as early as tomorrow
  • Optionally no reayments in the first 4 weeks
  • Borrow from $5k to $500K
  • Terms from 3-36 months
  • Competitive rates of interest prices
  • Minimal documentation

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

Call Now 0800 510 024
I am now able to take vacation knowing that my Petone business will run without a hitch.
Local Business Owner
An easy loan application process with a large limit on borrowing, no credit criteria and there is no need to present a business plan. Don't use your personal credit card and business credit cards to finance your company.
Unsecured Loans Made Simple
I can now hire a marketing professional to increase the success of my company to the next stage.
Growing Petone Business
Business loans, specifically an unsecured business loan or line of credit for business funding need to not become a difficult procedure. Business finance is in the form in the form of small business loans at an interest rate cost, and with a repayment schedule that is suitable for your company budget.
Business Lenders for Business Goals
Business business loans, interest rates and repayment conditions, and flexible repayment options to fit you business requirements.
Business Lending Options
I can now make coffee for my customers with the very best equipment.
Cafe Owner
I'm able to get my tax back to keep me on track.
Small Business Owner
I am now able to fund the renovation of our newly constructed Petone resturant without having draw cash from other ones.
Petone Resturant Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Requesting a business financing in Petone with us is easy and takes just less than a minute, with no lengthy forms or lines.

Receive approval and funds within 1 to 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our focus is to assist Petone businesses of all types, whether small, medium or solopreneurs to access funding fast so they can make use of the loan to expand and grow.

  • It all starts with a simple online application or phone call
  • Flexible repayment terms to suit your business
  • Fast and quick funding within a single day or two
  • We want you and your business to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for getting an unsecured business loan in Petone of between $5K and $100K is fairly low.

  • The minimum period of 6 months for which you must be 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 Licence for identification proof
  • Use a New Zealand bank as your main trading account
  • Bank statements for the last six months

Do you require more money? Review the eligibility requirements for our $100K to $500K company loans.

Here's How Others Have Benefited

Examples of Business Loans

With the busy Christmas season coming up, a store selling clothing required additional working capital to purchase more inventory and to take advantage of a supplier discount. They took out a loan of $20K over a period of 12 months without asset security required and had the funds in less than 24 hours.
Clothing Store
An interior designer had noticed an opportunity to expand their business and required working capital to fund this expansion. With monthly revenue of $300K they borrowed $250K over 24 months. The turnaround time was only two days and all they needed to present the required documents were twelve months' bank statement IRD confirmation, IRD confirmation and trust deed.
Interior Designer
A gym that was going for nearly 3 years, was planning to expand and required additional equipment. With a monthly income of $37K, they borrowed $72K over a 24 month period. No security was required and the loan was settled within the span of 24 hours.
Gym
The owner of a restaurant wanted to open a second restaurant and needed funds for the renovation. Their bank was not willing to help. Typical monthly revenue for them was $50K and they were able to borrow $66K in 24 months. The turnaround time was just 8 hours.
Restaurant Owner
The owner of a small grocery store that earned $70K per month borrowed $76K over a 24-month period with no repayments for the first four weeks. The loan required 12 months of bank statements. The time to turn around was just six hours from the moment you applied to receiving the money.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Petone Business Loan Eligibility Criteria

The requirements for eligibility to be eligible for larger Petone business loans of between $100K to $500K comprise:

  • Minimum of 3 years in business
  • At least $700K in annual revenue
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for evidence of identity
  • Make sure you have a New Zealand bank as your principal 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

Are you looking for a lower amount of funding? Find out the guidelines for eligibility for our $5K-$100K Petone unsecured business loans.

Business Lending for a Cash Injection

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

A Petone unsecured loan is perfect for virtually every company reason. Get in touch with us today.

  • Renovate or expand commercial spaces
  • Grow the team during busy times
  • Boost stock levels to meet demand
  • Develop a new website, or boost your marketing
  • Invest in new tools, equipment or technology
  • Purchase additional stock to meet seasonal demand
  • Manage cash flow fluctuations
  • And many more …

Want to get started on one of these options as early as tomorrow? So, contact us or send your application online to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All you need to begin is your contact details (company name, your name, email, phone) and the amount you’d like to borrow, and your monthly earnings.

In the course of the process and before settlement we will require confirmation of who you are but not before we can begin:

  • Details of the Idenfication (valid Driver’s License)
  • 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)

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

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

With the busy holiday season fast approaching, a clothes store required additional working capital to fund extra inventory and benefit from the discount offered by suppliers. They borrowed $20K over 12 months without asset security required and had the funds in 24 hours.
Clothing Store
A gym that had been operating for over three years, was planning to expand and needed additional equipment. With a monthly turnover of $37K they borrowed $72K over a 24- month period. No security was required to secure the loan. It was settled within 24 hours.
Gym
The proprietor of a small grocery store that earned $70K per month borrowed $76K over a 24-month period with no repayments for the first 4 weeks. This required 12 months of bank statements. The time to turn around was just six hours from the moment you applied to receiving the money.
Grocery Store Small Business Loan
A company coach was looking to invest in a health and cosmetics business. With just over $12K in monthly revenue they borrowed $24K in 24 months. This only required twelve months worth of statement and was done in 8 hours.
Business Coach
A restaurant owner was wanting to open another restaurant and needed funds for the remodel. Their bank wasn't interested in helping. Typical monthly revenue for them was $50K, and they borrowed $66K for 24 months. The turnaround time was 8 hours.
Restaurant Owner

Unsecured Business Loan Petone NZ 5012

The lending landscape has changed

With traditional and bank lenders tightening credit conditions, the steady stream of non-bank and alternative loan providers that are entering the market provides an incredible source for you to tap into.

Petone SME’s are now capable of accessing finance through alternate lenders servicing Petone who are focused on facilitating company expansion or smoothing problems with cash flow. The past was when the personal sources of credit (drawing equity from a house loan, or by using credit cards, personal loans and overdrafts) were the only alternative financing solutions available in Petone that were around.

There is now no requirement to depend on the real estate market to secure company credit. With an unsecured loan business funding is made simple. Instead of a loan for a term with the bank, business finance for an SME with interest rates and loan terms that can help with cash flow are available as business loan options.

 

 

High level summary

Separate personal and business debt

There are numerous benefits by separating personal and company debt.

  • Your home, or other investments, aren’t tethered in order to access funds
  • This company has a better position to create its own, clear credit history
  • It is much more straightforward when it comes to tax time
  • Businesses are able to easily review how they are performing, monitor and plan on the ability to clearly determine their cash flow position

Lower your risks, make tax time much easier. Get started with an unsecure busines loan, apply today.

For those who like the detail

Separate personal and business debt

Risk

One of the main benefits of keeping your private and business assets separate can be that your home does not have to be tied for access to the money. For a small business loan within Petone up to $100K an asset security agreement will not be required so long as the borrower is able to meet the loan requirements.

Credit history

Companies are in a stable long-term position when they are able to demonstrate credit/debt ability to service.

Tax

It is important to separate personal from business finances makes it much 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 laid out guidelines on the proof required to claim deductions on the tax return of a company. This is an area the IRD has advised specifically on.

Cash flow

A well-organised cash flow management system is vital to the long-term viability for any company. By maintaining personal as well as company finance separate, businesses can easily view how they are performing, monitor and plan on the ability to effectively examine their cash flow.

An easy loan application process with a huge borrowing limit, minimal requirements for credit and no need to create a business plan. Do not use your personal credit card and company credit cards to fund your business.
Unsecured Loans Made Simple
I'm able get my tax back on time.
Small Business Owner
Business loans, particularly one that is an unsecured business loan or line of credit to business funding require not be a difficult process. Business finance can be in the form in the form of small business loans that have an interest rate and repayment period which is compatible with your company budget.
Business Lenders for Business Goals
I am now able to take vacation knowing that my Petone business will run well.
Local Business Owner
Business credit rates and repayment conditions, and flexible repayment options to fit you business requirements.
Business Lending Options
I'm now able to prepare coffee for my clients with the very best equipment.
Cafe Owner
I can now hire a marketing specialist to boost my business to the next level of business growth.
Growing Business
I am now able to fund the renovation of our new Petone resturant without having draw cash from other restaurants.
Petone Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Petone Small Business Loans

Tell me more about Petone Small Business Loans

Petone unsecured loans provides the range of $5,000 to $100,000. The terms range between 3 and 24 months, cash flow friendly repayments that are either daily or weekly.

How is this Unsecured Loan different from the traditional company loan?

Apply to get your Small Business Loan in under 10 minutes over the phone, receive an instant response and have the funds available in just 24 hours. Traditional company loans are based on an annual rate of interest plus other fees and charges. We offer a company loan is a pre-paid loan therefore you’ll be aware in advance of the total amount due, which includes any fees, charges or charges. This is then broken down into a daily or weekly installment amount.

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

It is a Small Business Loan can be used for nearly any business reason, such as the management of cash flow, company remodeling, marketing for purchasing inventory or new equipment, or as general working capital and much more. The loan cannot be used for personal reasons.

About Larger Petone Business Loans

What is the Larger Petone Business Loan?

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

How’s the Origination Fee determined?

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

Am I eligible for the Larger Business Loan?

To qualify for a loan of this size the business needs to be operating for at least three years and generate an annual revenue of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of business.

How can the funding be utilised?

A Business Loan of a larger size can be used for almost all company reason, such as company renovations, purchase of inventory or new equipment or as general working capital, and much more. The loan cannot be used to fund personal expenses.

Is the Larger Business Loan one that is secured?

Asset security is necessary to access funding over $150,000. It is usually in the form of a charge over assets and can be registered in the PPSR or the registration of a caveat.

A director’s or personal guarantee is a promise to pay back a loan that is general in nature rather than specifying the security of a specific asset. The person signing the guarantee is personally responsible if the company creditor is unable to repay the debt.

The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including items or assets). The PPSR permits prioritisation over property that is personal to be granted according to the date a security interest was registered.

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

What exactly is a preapproval without Credit Check?

If you’re requesting an enterprise loan of more than $250,000 we may be able to provide a preliminary pre-approval to help simplify the process. We could be able to make this decision without credit checks and within 6 hours of the initial application. This pre-approval is based on an initial evaluation that involves you answering some financial well-being checks. It is neither an offer nor a guarantee of credit. The approval of a conditional loan is subject to an extensive credit evaluation and any offer you may receive may be subject to different conditions.

The application process

Are I eligible for funding?

You can apply for a company loan if you:

  • are a New Zealand Citizen (or Permanent Resident)
  • are over 18 years, 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 trading (for the Larger Business Loan $100K or $500K)

How do I apply?

The application process is simple and easy. Just fill out the online application in just a few minutes, and a dedicated company credit specialist will contact you to guide you.

To apply for up to $100,000, you’ll need ID details (valid Driver’s License) and a valid NZBN/IRD as well as at least six months worth of bank statements.

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

$100K – $250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K to $500K: Details for application including credit consent and 12 months bank statement, an IRD statements Last 2 years’ finalised financial statements, as well as interim financial statements for the current year, Aged Payables and Aged Receivables Summary.

How soon will I hear a decision?

For an unsecured loan ($5K to $100K) we usually provide an answer within an hour, provided you make your application during standard company times and let us utilise the advanced bank verification system link to instantly verify your bank information online. If you want to upload copies of your banking statements , we’ll be able to provide an answer within 1 company day.

If you are applying for a Larger Business Loan ($100K or more) we might be capable of provide you with a conditional pre-approval in around 6 hours. After you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval. However, this can be quicker based upon the circumstances for each application. Some agreements have been approved within the space of 24 hours.

The most effective method would be to ensure you apply during normal company hours. Also, allow us to use the modern bank verification to instantly check your bank’s information online. If you opt to upload copies of your bank statement, it can take a bit longer.

How fast will I get the money?

For the Small Business Loan ($5K to $100K) We can usually provide an answer within one hour if you submit your request within normal business time and permit us to use the advanced bank verification system link to instantly verify your bank’s information online. If you choose to submit 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 up to $500,000) we could be capable of offer you with conditional pre-approval in about six hours. Once you’ve signed your pre-approval, turnaround times are approximately 2-3 days to receive final approval, however this may be quicker depending on the particular circumstances of each application. Certain deals have been approved in the space of 24 hours.

The most effective method for you to apply is make sure you apply during normal business hours. Also, let us use the advanced bank verification system link to verify your bank information online. If you choose to send us documents from your account statement, it will take a little longer.

What is the maximum amount I can borrow?

We provide loans that range from $5,000 to $500,000. If you apply for a certain amount we consider a variety of aspects that determine what is the health for your business and the amount of the repayments your company will be able to support. The total amount of your loan will be contingent on the particular circumstances of your business.

When you make an application for a set amount, we take into consideration a variety of elements to determine your well-being for your company and the amount of the repayments your business can support. The total amount of your loan will depend on the specifics the business.

Fees & repayments

How much should you charge for a business loan?

When you make an application for one of our company financing, we’ll assess the risk profile for your business and offer you with a tailored offer, including the loan amount, the terms and interest rates. It is a company loan is a loan that is priced upfront which means you know in advance the total amount you will have to pay, including costs, fees, or interest rates.

What determines the amount I pay?

Business loan interest rates depend on a variety of factors including the amount borrowed, the business assets the funds are used to purchase in addition to the industry that the business is operating in, how long the company is in operation as well as in the event that the business has enough cash flow to pay for the loan, and also the overall health as well as creditworthiness company.

What are the cost?

There are no hidden costs with our company loans. You’ll be aware of the amount it is that you be required to pay and at what time, from the day you sign up. There’s no compounding interest and no extra fees (as long as you make your payments in time).

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

The Origination Fee includes the expenses associated with setting up and managing the loan. It is only charged for this fee if you proceed with the loan. The Origination Fee for us is 2.5% of the amount of loan.

Can I repay the loan early?

You may choose to pay back all of your loan in full at any time.

If you are deciding to take this route, please call our helpful company credit professionals. They will offer you with details for repayment and an early payment figure. The figure will be calculated as the total of the principal balance and the accrued interest up to the date of early payout and 1.5 percent of the principal balance and any outstanding fees.

How do you make repayments work?

To help you avoid missing payments and to work with your cash flow routine, we offer repayments that are either daily or weekly. These are automatically withdrawn from the nominated company account.

Security & privacy

Will my data be protected?

The security of your personal information, as well as knowing how we collect, use, exchange and protect your information, is of paramount importance and is a crucial part of our relationship you.

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

Yes. We make use of industry-standard encryption standards to protect your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our dedication to protecting the security of customers and privacy. We employ an exceptionally sophisticated banking verification system to immediately verify your bank account details online, allowing us to offer rapid response.

About business loans

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

Asset-based borrowing is when the business owner makes use of the assets they have to obtain the loan. The asset can be an individual asset, such as the family home or it could be a company asset such as a vehicle as well as a piece of machine.

The majority of lending institutions, not just the banks with the biggest size, prefer to guarantee loans against an asset. If you’re having trouble paying back the loan, then your assets could be taken over by the lender. In essence it is a way of securing new financing by using the worth of the asset you already own.

Should I require security to get an company loan?

For loans up to $150,000 it is not necessary to secure assets prior to the loan’s access but we do require a personal guarantee. As long as you follow your loan obligations (as specified in your loan contract), asset security is not required. For loans that exceed $150,000, typically, you will need a personal guarantee and security in the form of the charge of assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites or auction houses
  • Debt collection agencies & debt purchasers
  • Direct marketers such as fundraising, telemarketing, mail order, direct-mail etc
  • Financial lenders & institutions
  • {Firearm related businesses
  • Foreign currency exchange services
  • Customs clearing houses & freight forwarding
  • Anything gambling related
  • Not-for-profit organisationsincluding charities, churches etc.
  • Panel beaters & smash repairers
  • Pawnbrokers and pawn shops
  • Property developers
  • Shares, stockbrokers & investment businesses
  • Tattoo palours
  • Taxi or ride sharing services
  • Entertainment sales or ticket resellers
  • Tow truck services
  • Secondhand car companies
  • Automotive glass tinting
  • Vehicle dismantlers

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

NZ Working Capital Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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0800 510 024