A Three Kings unsecured business loan is simple and quick to get. Request a quick approval and start using the funds in your business.
What to expect:
The criteria for eligibility for an unsecured business loan within Three Kings are fairly minimal.
Call Now 0800 510 024Applying for an business credit in Three Kings with us is easy and takes just about a couple of minutes, there are no mountains of paperwork or queues.
Approved and receive cash within 1-2 company days.
Our purpose is to assist Three Kings businesses of all kinds, from small to medium-sized soloprenuers to get access to funds quickly so that they can use the loan to build and expand their business.
The requirements for obtaining an unsecured business loan in Three Kings of between $5K to $100K are quite minimal.
Are you looking for additional funding? Check out the guidelines for eligibility for our $100K to $500K business loans.
The criteria for eligibility to be eligible for the larger Three Kings business loans of between $100K and $500K are:
You are looking for a lesser amount of capital? Check out the conditions for eligibility for our $5K to $100K Three Kings unsecured company loans.
A Three Kings unsecured loan is ideal for nearly any company need. Call us now.
Do you want to begin one of these options as early as tomorrow? Then get in touch with us now or apply online to apply the fastest, most convenient way.
All that is needed to get started is your contact details (company name, your name, email address or phone number), how much you’d like to borrow as well as your monthly income.
During the process and before settlement we will need confirmation of who you are, but not before we can begin:
In addition, once we have started, for loans over $150,000 you will also require basic financial statements.
Let’s get started now.
With traditional and bank lenders increasing their credit requirements, the steady stream of non-bank and alternative loan providers that are entering the market provides an incredible source to take advantage of.
Three Kings SME’s are now able to access finance through other lenders in Three Kings who are focused on facilitating business expansion or smoothing cash flow issues. In the past, individual credit providers (drawing equity from the home loan or credit cards and personal loans as well as credit cards) provided the most viable alternative funding solutions within Three Kings that were available.
There’s an end to the need for you to depend on using real estate to secure business loan. With an unsecured loan, business funding is simple. Instead of a traditional term loan from a bank, business finance for a small business with interest rates and loan terms that help with cash flow is available as business lending options.
There are many benefits with separating personal and business debt.
Reduce your risk, and make tax times more simple, apply for an unsecure loan for business. Get it today.
One of the main benefits of keeping your private and business assets separate is that your home does not have to be tied to allow access to the funds. In the case of a business loan within Three Kings up to $100K an asset security agreement will not be required as long as the borrower fulfills their loan obligations.
Companies will be in a favourable long-term financial position if they can demonstrate good credit/debt serviceability.
Separating personal and business finances makes it much more seamless when it comes to tax time - particularly when determining what is the tax deductible allocation. The IRD has laid out guidelines on the proof required for claiming 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 crucial to the long-term viability that of any business. Through keeping the personal financial and business finances distinct, businesses can easily view the situation, track and plan based on the ability to clearly assess their cash flow position.
Three Kings unsecured loans provides amounts between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow-friendly repayments that are either daily or weekly.
The application to get the Small Business Loan in under 10 minutes online or by phone. You will receive an immediate response, and have the funds in your account within 24 hours. Traditional business loans are based on an interest rate per annum as well as other fees and charges. Our company loan is a cash-based loan which means you be aware in advance of the total amount to be paid, including any interest, fees or charges. This is then broken down into either weekly or daily installment amount.
The Small Business Loan can be used for almost every business reason, such as control of cash flow business improvements, advertising for purchasing inventory or new equipment, as general working capital and much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans range from $100,000 to $500,000 over a fixed term for up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate the flow of cash.
A Larger Business Loan has an Origination Fee that is calculated at 2.5 percentage of the amount of the loan.
To be eligible for a credit that is this large, your company needs to have been operating for at least three years and have an annual turnover of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A larger business loan can be used for almost all company reason, such as business renovations, purchase of inventory or new equipment or as general working capital and so much more. The loan is not available to fund personal expenses.
Asset security is necessary to obtain funding above $150,000. This can be done by taking a charge on assets and can include registering this with the PPSR or filing a caveat.
A director’s or personal ensure is a guarantee to pay back a loan that is generally based rather than defining the security for a particular asset. The person who is signing the guarantee is personally accountable if the business borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including the assets or goods). The PPSR grants prioritisation over property that is personal to be assigned depending on the date that a security interest has been registered.
An affidavit is an official document filed to offer an official notice of a claim to a property.
If you’re requesting the Larger Business Loan that exceeds $250K we may be able to provide a preliminary pre-approval to help smooth out the process. It is possible to get this done without a credit check, and within 6 hours of the initial application. The pre-approval process is based on an initial evaluation that involves you answering a few financial well-being checks. It is not an offer of credit or guarantee of funds. The approval of a conditional loan is subject to an extensive credit evaluation and any offer you receive could be on different conditions.
You may apply for an company loan if you
The process for applying is fast and easy. Simply complete the online form within a few minutes and a dedicated business credit specialist will contact you to guide you.
To apply for up to $100,000 you’ll require the right identification documents (valid Driver’s License) along with an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll need:
$100K – $250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K-$500K: Details of the application, including credit consent twelve months of bank records, IRD statement and the last two years’ finalised financial statements, plus interim financials from the current financial year such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K to $100K) We can usually provide an answer in just one hour, provided you apply during quality business hours and permit us to make use of the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statements , we are able to offer a decision within just 1 business day.
For Larger Business Loans ($100K up to $500,000) we could be likely to offer you with pre-approval conditional to your application in around six hours. After you’ve signed the pre-approval document, you will need to wait around 2-3 days for final approval. However, this may be quicker depending on the circumstances of each application. Certain deals have been approved within 24 hours.
The most efficient method is to ensure you apply during normal company hours and allow us to use our advanced bank verification system to instantly verify your bank account information online. If you decide to upload documents from your account accounts, it can take a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often provide an answer within an hour – as long as you apply within normal business hours and allow us to use the bank verification system link to immediately verify your bank account information online. If you choose to send us copies of your bank statements, we are able to provide a decision in just an business day.
For the Larger Business Loans ($100K up to $500,000) we may be likely to provide you with conditional pre-approval within about six hours. Once you have signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Some offers have been approved within less than 24 hours.
The most effective method would be to make sure you apply during normal business hours. Also, permit us to use the advance bank verification link to instantly confirm your bank details online. If you opt to upload the copies of bank statement, it takes a bit longer.
We provide the loan amount between $5,000 to $500,000. When you submit an application for a particular amount, we look at a variety of factors that determine the well-being of your company and the level of payments your business can afford. The total amount of your loan will be contingent on the specific circumstances that are unique to your company.
If you apply for a particular amount, we consider a variety of factors to determine your health of your business as well as the amount of repayments that your business can support. The total amount of your loan will be contingent on the specific circumstances the company.
When you apply for one of our company loan, we’ll assess the risk assessment the company and offer you with a tailored proposal that includes the loan amount, the terms and the interest rates. It is a business loan is an upfront-priced loan and you’ll know in advance the total amount due, which includes any charges, interest rates or fees.
Interest rates for company loans rates differ based on various factors like the amount of money that is borrowed, what company assets the funds are used to purchase in addition to the industry that the company operates in, how long the company has been running and whether the business has sufficient cash flow to support the loan, and the general health or financial standing of the business.
There aren’t any hidden costs with our company loans, and you’ll know exactly how much you be required to pay and when, starting from the very first day. There’s no compounding and no additional fees (as long as you are able to make your payments in time).
We don’t charge an application fee. You are able to request a credit loan absolutely no upfront cost and no obligation to proceed.
The Origination Fee covers the costs associated with the setting up and management of the loan. You are only charged this fee if you choose to proceed with the loan. Our Origination Fee is 2.5% of the amount of loan.
You can choose to repay the entire amount of the loan early at any time.
If you are deciding to do this please talk to one of our helpful company credit specialists. The experts will offer you with the details of your repayment and an early payment figure. This is calculated as the total of the remaining principal amount and the accrued interest up to the time of early payout, plus 1.5 percent of the principal balance and any outstanding fees.
To help you avoid missing payments and to work with your cash flow cycle we offer repayments that are either weekly or daily. These are automatically deducted from your nominated business account.
Making sure that your information is secure, and being clear about the ways we gather, use, exchange and ensure the security of your information is crucial and an integral aspect of our relationship with you.
Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal financial information and our funders are ISO 27001 certified for our commitment to the security of our customers as well as their privacy. We use an advanced bank verification system to immediately verify your bank account information online. This allows us to provide a fast response.
An asset-based loan is when a company owner makes use of an asset that they own to make the funds for a loan. The asset may be an asset belonging to the personal, like the family home or a company asset such as a truck or piece or equipment.
The majority of banks, even the banks with the biggest size, prefer to make loans secured by assets. If you’re having trouble paying back the loan, then the asset might be transferred to the lender. In essence it is the process of securing new financing by using the value of what you already have.
For loans of up to $150K, it is not necessary to secure assets before you are able to access the money but we do require a personal guarantee. As long as you follow your loan commitments (as stated in your loan contract) Asset security is not required. For loans that exceed $150K, typically, you will need the option of a personal ensure and security in the form of a charge over assets.
Although we can’t help with an unsecured business loan for these types of industries, we may be able to assist by providing a secured business loan.
