A Taita unsecured business loan is easy and quick to obtain. Request a quick approval and use the money in your business.
What you can expect:
The criteria for eligibility for an unsecured business loan in Taita are fairly minimal.
Call Now 0800 510 024Applying for a company loan within Taita with us is simple and only takes some minutes, without long lines of paperwork or waiting in line.
Be approved and receive your funds in 1-2 business days.
We aim to help Taita companies of all kinds, including medium, small and even solopreneurs to access quick funding so that they can utilise the loan to expand and develop.
The criteria for eligibility for an unsecured business loan in Taita of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Review the eligibility requirements for our $100K-$500K company financing.
The requirements for eligibility for loans from larger Taita business loans of between $100K and $500K are:
Are you looking for a lower amount of money? Take a look at the guidelines for eligibility for our $5K-$100K Taita unsecured business loans.
A Taita unsecured loan is ideal for virtually any business reason. Call us now.
Are you looking to start one of these options as early as tomorrow? Contact us today or send an application online to apply the fastest, most convenient way.
All that’s required to begin is your contact information (company name, your name, email and telephone), how much you want to borrow, and your monthly income.
In the course of the process and before settlement we will need confirmation of your identity but not before we can begin:
In addition, once we have started with loans that exceed $150,000, you will also require basic financial statements:
Let’s get started now.
With traditional lenders and banks increasing their credit requirements, the steady stream of non-bank and alternative loan providers entering the market provides an incredible source to access.
Taita SME’s are now in a position to obtain finance via alternative lenders that service Taita who are focused on enabling business growth or smoothing cash flow issues. In the past, when personal credit sources (drawing equity from the home loan, or using credit cards in addition to personal loans and credit cards) provided the most viable alternative funding solutions in Taita that were around.
There’s not a requirement for you to depend on using real estate to secure company loans. With an unsecured loan business financing is now easy. Instead of a term loan through a bank, business finance for an SME with interest rates and loan terms that help with cash flow is available as business lending options.
There are numerous benefits with separating personal and company debt.
Limit your exposure, make tax time simpler, start with an unsecured busines loan. Apply today.
The main benefit of keeping your business and personal company assets apart can be that your house isn’t required to be tied for access to the money. In the case of a business loan within Taita up to $100K asset security won’t be required so long as the borrower meets the loan requirements.
Companies will be in a favourable long-term financial position if they can demonstrate good credit/debt capability.
A separation between personal and business financial accounts makes it more seamless with regards to tax time - especially when it comes to determining the tax-deductible amount. The IRD has laid out rules on the evidence required to claim deductions on the tax return of a company. This is an area where the IRD has advised specifically on.
Effective management of cash flows is vital to the long-term success that of any business. By maintaining personal as well as business finances separate, companies can easily view how they are performing, monitor and plan on their ability to accurately determine their cash flow status.
Taita unsecured loans offers the range of $5,000 to $100,000 with terms between 3 and 24 months, cash flow-friendly repayments that are either daily or weekly.
Apply to your Small Business Loan in under 10 minutes over the phone, receive an answer within the same day and have the funds available in just 24 hours. Traditional business loans have an annual interest rate plus other fees and charges. Our company loan is an upfront priced loan so you will know in advance the amount you will have to pay, including any fees, interest or charges. This is then divided into weekly or daily repayment figure.
The Small Business Loan can be used for almost every business reason, such as managing cash flows, company remodels and marketing to purchase inventory, new equipment, or as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger loan size to support business expansion opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term up to 36 months. Repayments are either weekly or fortnightly to work with your situation.
It is crucial to note that the Larger Business Loan has an Origination Fee which is determined at 2.5% of the loan amount.
To be eligible for a credit in this amount the company needs to be trading for at least 3 years and generate an annual revenue of at least $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand business (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.
A larger company loan is a great option for almost every business use, including business renovations, purchase of new equipment or inventory or as general working capital, and much more. The loan cannot be used for personal purposes.
Asset security is needed for accessing funds over $150,000. It is usually by taking a charge against assets, and could include the registration of this on the PPSR or registering a caveat.
A personal or director’s ensure is a commitment to pay back a loan that is general in nature rather than defining the security of a specific asset. The person who signs the ensure is personally accountable if the company the borrower fails to re-pay 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 which are registered with respect to personal property (including items or assets). The PPSR permits preference over private property granted depending on the date that a security interest that is registered.
An affidavit is an official form of document to offer an official notice of a claim against a property.
If you’re seeking an enterprise loan that is greater than $250K, we may offer an initial pre-approval that will help make the process. We might be able to get this done without a credit check and within 6 hours of the initial application. This pre-approval is based on a preliminary assessment which includes answering a couple of financial health questions. This is not an offer or guarantee of financing. A conditional approval is subject an exhaustive credit evaluation, and any offer you may receive may be on different terms.
You are eligible to apply for a company loan if you
The application process is fast and easy. Simply complete the online form within a few minutes and an experienced business loan specialist will call you to guide you.
To be eligible for up to $100,000 you’ll need ID details (valid Driver’s License) along with an active NZBN/IRD, and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll also need:
$100K – $250K: Details of application, including credit consent, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K – $500K: Details of the application, including credit consent and 12 months of bank statements, IRD statements and the last two years’ finalised financial statements, in addition to interim current financial year financials as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K up to $100,000) We can usually offer an answer in just one hour, provided you make your application in standard company hours and permit us to utilise the bank verification system to instantly verify your bank’s information online. If you choose to submit copies of your bank statements , we are able to provide a decision in just an business day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we may be likely to provide you with pre-approval conditional to your application within six hours. Once 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 deals have been approved in 24 hours.
The quickest method would be to make sure you apply during standard company hours and let us use the advance bank verification to instantly verify your bank account information online. If you decide to upload copies of your bank statement, it may take a bit longer.
For the Small Business Loan ($5K to $100K) we usually offer an answer within an hour – as long as you apply within standard business hours and allow us to use the bank verification system to instantly verify your bank details online. If you choose to upload copies of your banking statement, we’ll offer an answer within one business day.
If you are applying for Larger Business Loans ($100K and up) We may be in a position to provide the conditional pre-approval within six hours. Once you have signed the pre-approval form, it will take approximately 2-3 days to receive final approval. However, this could be shorter based upon the circumstances for each application. Some offers have been approved in 24 hours.
The quickest method is to ensure you apply during normal business hours. You can also let us use the modern bank verification link to verify your bank information online. If you send us documents from your account statements it can take a bit longer.
We offer loan amounts between $5,000 to $500,000. When you make an application for a certain amount, we consider a variety of aspects to determine the well-being of your company and the amount of payments your business can support. The amount you receive from the loan will be determined by the particular circumstances for your business.
When you apply for a certain amount, we look at a range of aspects to determine the health of your business as well as the amount of payments your business will be able to support. The total amount of your loan will depend on the specific circumstances the company.
When you make an application for one of our business financing, we will assess the risk assessment of your business and provide an individualised proposal that includes the amount of loan, the term and interest rates. This business loan is an upfront cost loan and you’ll be aware in advance of the total amount due, which includes any charges, interest rates or fees.
Business loan interest rates depend on a variety of factors like the amount of money borrowed, what company assets the funds are used to purchase in addition to the industry that the company operates in, how long the company is in operation as well as what percentage of the company has enough cash flow to support the loan, and the general well-being or creditworthiness of the company.
There aren’t any hidden costs with our company loans, and you’ll be aware of the amount you be required to pay and when, from day one. There’s no compounding and no extra fees (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 covers the expenses involved with establishing and managing the loan. It is only charged for this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You may choose to pay back the total amount of your loan at any point in time.
If you are deciding to do this please speak to our friendly business credit specialists. They will offer you with details for repayment along with an early payout estimate. It will be calculated using the total of the principal remaining and any accrued interest at the date of early payout and 1.5% of the principal remaining plus any outstanding fees.
To help you avoid missing payment dates and to align your cash flow schedule, we offer repayments either daily or weekly. These are automatically withdrawn from your nominated company account.
The security of your personal information, as well as making it clear how we collect the information we collect, use, share and secure your information, is vital and an integral aspect of our relationship with you.
Yes. We utilise industry-recognised encryption standards to protect your personal, sensitive financial information and our funders are ISO 27001 certified for our commitment to security for our customers and security. We make use of an advanced banking verification system to immediately verify your bank account information online to offer quick responses.
An asset-based loan is when an company owner uses the assets they have to make the funding. The asset could be a personal asset like the family home, or a company asset such as a truck or piece or equipment.
The majority of lending institutions, even the banks with the biggest size, prefer to make loans secured by assets. If you’re struggling to pay back the loan, the asset might be offered for sale by the lender. In essence it is the process of securing additional financing making use of the value of what you already have.
For loans that exceed $150K, the requirement for asset security is not required upfront to access the money However, we require a personal guarantee. require an individual guarantee. If you adhere to your loan commitments (as stipulated in your loan contract document) Asset security will never be required. If you take out loans in excess of $150K generally, there is personal guarantee and security in the form of a charge over assets.
Although we cannot assist with an unsecure business loan for those industries, we might be able to assist with secured business loan.
