Unsecured Business Loans Westmere NZ

By This Tomorrow You Could Have Everything You Need to Be Successful With a Westmere Business Loan

Unsecured Business Loans Westmere

A Westmere unsecured business loan is quick and simple to get. Apply for a loan quickly and begin using the money to grow your company.

  • Are additional funds able to help your business with working capital or to take advantage of an opportunity to grow?
  • What is the financing strategy you are using to fund your business requirements?

What you can expect:

  • Easy to apply to be approved and receive cash as quickly as tomorrow
  • No reayments are permitted in the initial four weeks
  • From $5k to $500K in loans
  • Terms from three to thirty-six months
  • Competitive interest prices
  • Minimal documentation

The eligibility requirements for an unsecured business loan in Westmere are fairly minimal.

Call Now 0800 510 024
Simple loan application procedure with a large limit on borrowing, no requirements for credit and no need to provide a business plan. You no longer need to use your personal credit card or company credit cards in order to fund your business.
Unsecured Loans Made Simple
I'm able get my tax back to keep me on track.
Small Business Owner
I'm now able fund the renovation of our new Westmere resturant without having to take cash from other locations.
Westmere Resturant Owner
I'm now able to prepare coffee for my customers with the best equipment.
Cafe Owner
Business loans, particularly an unsecured business loan or line of credit to business funding need not be a stressful procedure. Business finance in the form in the form of small business loans at a fixed interest rate cost, and with a repayment term which is compatible with the needs of your business budget.
Business Lenders for Business Goals
I'm now able to hire a marketer to boost my business to the next step.
Growing Westmere Business
Business loans with interest rates and repayment terms as well as flexible repayment options that can be tailored to your business requirements.
Business Lending Options
I'm now able to go on a holiday knowing my Westmere company will run smoothly.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

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

Get approved and receive your funds within 1 – 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our focus is to assist Westmere businesses of all kinds, from small to medium-sized entrepreneurs to obtain funds quickly so that they can utilise the loan to grow and build.

  • It begins with an easy online application or by phone
  • Flexible terms for repayment to fit your business
  • Fast cash in just a day or two days
  • A team of people who want to see you succeed as well as you business to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • A minimum of six months in business
  • A minimum of $6,000 in revenue per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification proof
  • Have an account with a New Zealand bank as your main trading account
  • Bank statements for the last six months

Do you need more money? Check out the eligibility requirements for our $100K to $500K business financing.

Here's How Other People Have Benefited

Examples of Business Loans

An interior designer had spotted an opportunity to grow their company and required working capital to finance this growth. With monthly revenue of $300K they borrowed $250K over the course of 24 months. The time to turn around for them was only 2 days, and all they had to present the required documents were twelve months' bank statements along with IRD confirmation and their trust deed.
Interior Designer
The owner of a tiny grocery store that earned $70K per month borrowed $76K over a 24 month term , without making any repayments during the initial 4 weeks. This had a requirement of 12 months' bank statements. Turnaround time was just 6 hours from the moment you applied to receiving the funds.
Grocery Store Small Business Loan
When they purchased a pizza store and 2 liquor stores 6-12 months earlier the new owners were looking for additional cash. The overall revenue was $500K per month and they could borrow $300K and split it into $100K for each store, with an option of both 24 and 36 months. No security over the owner's houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A gym that had been in operation for more than 3 years wanted to grow and required additional equipment. With monthly revenue of $37K they borrowed$72K over a 24 month period. The loan was not secured for the loan and it was ready within 24 hours.
Gym
The busy Christmas season was fast approaching, a clothes store required additional working capital to finance additional stock and take advantage of discounts offered by suppliers. They borrowed $20K over 12 months without asset security required and had the funds in less than 24 hours.
Clothing Store
Simple eligibility checklist

Larger Westmere Business Loan Eligibility Criteria

The requirements for eligibility for loans from larger Westmere business loans of between $100K and $500K include:

  • 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
  • Make sure you have an account at a New Zealand bank as your principal trading account
  • Bank statements from the last six months
  • Some financial statements like Profit & Loss, and aged accounts Payable and Receivable

Looking for a smaller amount of funding? Check out the eligibility requirements for our $5K-$100K Westmere unsecured business loans.

Business Lending for a Cash Injection

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

A Westmere unsecured loan is perfect for almost any company reason. Talk to us today.

  • Add or remodel commercial spaces
  • Hire more staff for busy times
  • Boost stock levels to keep pace with demand
  • Develop a new website, or improve your marketing
  • Invest in new equipment, tools or technological advancements
  • Buy extra stock to meet the seasonal demand
  • Control cash flow fluctuations
  • Plus lots more …

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

Quick application checklist

What do you need to apply

All that’s needed for starting is your contact details (company name, your name, email address and telephone) as well as the amount you’d like to lend, and your monthly earnings.

In the course of the process and before settlement we will require confirmation of who you are however, not in order to begin:

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

In addition, once we have started, for loans of more than $150,000 you will also need fundamental financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

The owner of a restaurant wanted to open a second location and needed funding to renovation. Their bank wasn't willing to help. Their typical monthly earnings was $50K. They were able to borrow $66K over the course of 24 months. The turnaround time was just 8 hours.
Restaurant Owner
The owner of a tiny grocery store doing $70K a month borrowed $76K over a 24 month period, with no payments 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 moment you applied to receiving the funds.
Grocery Store Small Business Loan
With the busy holiday season nearing, a clothing store needed additional working capital to finance additional inventory and to take advantage of a supplier discount. They secured $20K over the course of 12 months, with no asset security required and had the funds within 24 hours.
Clothing Store
A company coach was seeking to invest in the well-being and cosmetics business. With just over $12K in monthly revenues, they borrowed $24K over 24 months. The loan was based on the submission of 12 months' bank statement and was completed in just 8 hours.
Business Coach
A gym that was operating for over three years, was planning to expand and needed additional equipment. With a monthly income of $37K, they borrowed $72K over a month period. No security was required to secure the loan. It was ready to go within just 24 hours.
Gym

Unsecured Business Loan Westmere NZ 1022

The lending landscape has changed

In the wake of traditional lenders and banks tightening their credit terms and the constant stream of alternative and non-bank loan providers that are entering the market offers the perfect source for you to access.

Westmere SME’s are now in a position to obtain finance via other lenders in Westmere who are focused on enabling company growth or smoothing cash flow challenges. The past was when the personal sources of credit (drawing equity from the home loan or credit cards and personal loans as well as the overdraft) provided the most viable alternative funding solutions within Westmere that were available.

There’s an end to the requirement of having to rely on using real estate to secure company loans. With an unsecured loan business financing is now easy. Instead of a loan for a term with banks, business finance for an SME with interest rates and loan terms that help to manage cash flow are around as business credit options.

 

 

High level summary

Separate personal and business debt

There are numerous benefits by separating personal and company debt.

  • Your home, or other investmentsaren’t tied for access to funds
  • It is the business has a more favourable position to build its own credit history
  • It is much more seamless during tax time
  • Companies can quickly view how they are performing, monitor and plan on being able to clearly evaluate their cash flow situation

Reduce your risk, and make tax times easier, get started with an unsecure company 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 business assets separate is that your home does not have to be tied to allow access to the funds. For a modest business loan within Westmere up to $100K, asset security will not be required as long as the borrower meets the loan requirements.

Credit history

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

Tax

It is important to separate personal from company financial accounts makes it more straightforward with regards to tax time, particularly when identifying what is the tax-deductible allocation. The IRD has outlined the rules on the evidence required for claiming deductions on the tax return of a company. This is an area that the IRD have specifically advised on.

Cash flow

A well-organised cash flow management system is crucial to the long-term viability in any company. By keeping the personal financial and company finances distinct, businesses can easily view the situation, track and plan based on their ability to easily assess their cash flow position.

I am now able to make the coffee I serve my clients with the very best equipment.
Cafe Owner
Business loan interest rates and repayment terms and flexible repayment options to suit the requirements of your business needs.
Business Lending Options
I am now able to fund the renovation of our fresh Westmere resturant without having to borrow cash from other locations.
Westmere Resturant Owner
I'm able get my tax back in order.
Small Business Owner
A seamless loan application process with a huge limit on borrowing, no requirements for credit and no need to submit a business plan. You no longer need to use your personal credit card and business credit cards as a way to finance your company.
Unsecured Loans Made Simple
I'm now able to hire an experienced marketer to help me take my company to the next level of business growth.
Growing Business
I can now take an extended vacation knowing that the Westmere business will run without a hitch.
Local Business Owner
Business loans, especially one that is an unsecured business loan or line of credit to business funding require never be an tense process. Business finance is in the form in the form of small business loans with an interest rate and repayment period that will suit your business liquidity.
Business Lenders for Business Goals
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

More about the Westmere Small Business Loans

Tell me more about Westmere Small Business Loans

Westmere unsecured loans provides amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.

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

Apply for your Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get an immediate response, and funds may be in your account within 24 hours. Traditional business loans have an annual interest rate plus other fees and charges. This company loan is an upfront priced loan and you’ll be aware in advance of the total amount to be paid, including any interest, fees or charges. This is then divided into weekly or daily payment amount.

What can be the Small Business Loan be used for?

It is a Small Business Loan can be used for virtually every business use, including the management of cash flow, company remodels and marketing for purchasing inventory or new equipment, as general working capital, and much more. The loan cannot be used for personal use.

About Larger Westmere Business Loans

What is the Larger Westmere Business Loan?

The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans range between $100,000 and $500,000 for a fixed period of that can last up to 36 months. Repayments are either weekly or fortnightly, depending on you cashflow.

How’s the Origination Fee determined?

A Larger Business Loan has an Origination Fee, determined at 2.5 percentage of the loan amount.

Can I get the Larger Business Loan?

To be eligible for a credit of this size, your business needs to have been operating for a minimum of 3 years and generate an annual revenue of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.

How can the funds be utilised?

A large company loan is a great option for almost any company purpose including business renovations, purchase of new equipment or inventory, as general working capital, and much more. The loan is not available to fund personal expenses.

Is the Larger Business Loan one that requires security?

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

A personal or director’s ensure is a promise to pay back a loan that is generally based rather than specifying the security for a particular asset. The person who is signing the ensure is personally accountable if the business lender is not able to repay the debt.

The Personal Property Securities Register (PPSR) is a central, national online 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 gives prioritisation over property that is personal to be assigned depending on the date that a registration of a security interest.

The caveat can be described as a formal document filed to provide an official notice of a claim to property.

What is a pre-approval without Credit Check?

If you’re applying for an enterprise loan of more than $250,000, we may offer an initial pre-approval to smooth out the process. We might be able to get this done without a credit verification and within 6 hours of the initial application. The pre-approval process is based on an initial evaluation that involves answering a couple of financial health checks. It is not an offer or guarantee of credit. A conditional approval is subject an assessment of your creditworthiness and any offer that you are offered could be subject to different conditions.

The application process

Do I qualify for funds?

You can apply for an business loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are 18 years or older, own a New Zealand business (with a valid NZBN/IRD)
  • can demonstrate at least 6 months worth of trade (for you to qualify for 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. Simply complete the online form in just a few minutes, and an experienced business credit specialist will be in touch to help you.

To be eligible for up to $100,000 you’ll require proof of identity (valid Driver’s License) as well as an NZBN/IRD that is valid and at least six months of bank statements.

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

$100K-$250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K – $500K: Details for application including credit consent twelve month bank accounts, the IRD statements as well as the two most recent years’ financial statements, in addition to interim current financial year financials, Aged Payables and Aged Receivables Summary.

What speed will I be able to get an answer?

For an unsecured loan ($5K or more) we usually offer a response in one hour if you make your application in quality company hours and permit us to utilise the bank verification system link to instantly verify your bank’s information online. If you decide to upload copies of your banking statements we can offer an answer within the span of one business day.

For the Larger Business Loan ($100K up to $500,000) we could be capable of provide you with conditional pre-approval within 6 hours. Once you have signed the pre-approval, turnaround times are about 2-3 days for final approval, however this can be quicker based on the particular circumstances of each application. Certain deals have been approved in the space of 24 hours.

The fastest way is to ensure you apply during normal business hours. You can also allow us to use the advanced bank verification system to instantly verify your bank account information online. If you choose to send us copies of your bank statements , it will take a little longer.

How soon will I receive the money?

For the Small Business Loan ($5K up to $100,000) we can often provide a response in one hour – as long as you make your application at normal business timings and let us make use of the advanced bank verification system to instantly verify your bank information online. If you choose to submit copies of your bank statements, we are able to offer the decision within the span of one business day.

For Larger Business Loans ($100K up to $500,000) we might be able to offer you with conditional pre-approval within six hours. Once you have signed the pre-approval document, you will require to wait about 2-3 days for final approval, however it could be faster based on the specifics of each application. Some deals have been approved in the space of 24 hours.

The most effective method for you to apply is ensure you apply during standard business hours. You can also allow us to use our modern bank verification link to verify your bank information online. If you opt to upload duplicates of your banking statements it may take a bit longer.

What is the maximum amount I can borrow?

We offer loans that range from $5,000 to $500,000. When you make an application for a specific amount we take into consideration a range of variables to determine your well-being of the company and the level of repayments that your company can afford. The amount you receive from your loan will be contingent on the specific circumstances that are unique to your company.

When you submit an application for a set amount, we will consider a number of elements to assess how much we can lend you such as well-being of the company and the extent of repayments your company can support. The amount you receive from your loan will be determined by the specific circumstances of your company.

Fees & repayments

How do you charge for the cost of a business loan?

When you make an application for one of our company financing, we will assess the risk assessment that you have for your company and offer you with a tailored offer that includes loan amount, term and interest rates. It is a business loan is an upfront cost loan and you’ll be aware of the total amount payable including any charges, interest rates or fees.

What determines the amount I’m charged?

Interest rates for business loans rates depend on several factors including the amount borrowed, what company assets the money will be used for, the industry the company operates in, the long the company has been in operation for, what percentage of the business has sufficient cash flow to pay for the loan, and also the overall well-being or creditworthiness of the business.

What are the charges?

There aren’t any hidden costs for our business loans, and you’ll know exactly how much it is that you be required to pay and when, right from the very first day. There’s not any compounding interest and no additional fees (as long as you are able to make your payments on time).

We do not charge an application fee. You can make an application for loans absolutely no upfront cost and no commitment to apply.

The Origination Fee is the cost associated with the setting up and management of the loan. The only way to pay this fee if you decide to take the loan. The Origination Fee for us is 2.5% of the loan amount.

Can I pay off the loan in advance?

You can decide to repay the entire amount of the advance loan at any time.

If you decide to do this please call our helpful company lending experts. They will offer you with repayment details and an early payout figure. This is calculated as the total of the principal remaining and the accrued interest up to the time of early payment, plus 1.5% of the principal remaining plus any outstanding fees.

What is the process for repayments?

To make sure you do not miss payment dates and to align with your cash flow cycle we provide payments that are either weekly or daily. They will be automatically deducted from your nominated company account.

Security & privacy

Will my data be protected?

Protecting your information, and being clear about how we collect the information we collect, use, share and secure your information, is vital and is an essential element of our relationship with you.

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

Yes. We utilise industry-recognised encryption standards to protect your sensitive, personal and financial data and our funders are ISO 27001 qualified for our commitment to the security of our clients as well as their security. We use an advanced banking verification system to instantly verify your bank account details online so we can offer a fast 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 assets they own to obtain the funds for a loan. The asset can be a personal asset like the family home or it could be a company property like a truck as well as a piece of machine.

The majority of lenders, even the major banks, prefer to make loans secured by an asset. If you’re having trouble paying back the loan, the asset might be transferred to the lender. In essence, it is the process of securing additional financing making use of the value of what you already own.

Do I need security for an business loan?

For loans up to $150,000 there is no requirement for asset security in advance to gain access to the funds However, we require a personal guarantee. require an individual guarantee. In the event that you fulfill the terms of your loan (as specified in your loan contract document) and you are able to meet your obligations, asset security will never be needed. For loans that exceed $150,000, generally, you can get personal guarantee and security that is in the form the charge of assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites & auction houses
  • Debt purchasers & debt collection agencies
  • Direct marketing such as direct-mail, mail order, fundraising, telemarketing etc.
  • Finance lenders & institutions
  • {Firearm related businesses
  • Foreign currency exchange offerings
  • Freight forwarding and customs clearing houses
  • Gambling related industries
  • Non-profit organisationsincluding charities, churches etc.
  • Panel beaters & smash repairers
  • Pawn shops or pawnbrokers
  • Property developers
  • Shares, stockbrokers and investment businesses
  • Tattoo studios
  • Taxi or ride-sharing services
  • Ticket resellers & entertainment sales
  • Vehicle towing services
  • Used automotive dealers
  • Vehicle glass tintingfirms
  • Vehicle dismantlers

While we aren’t able to help with an unsecured business loan for the above industries, we might be able to help you with a secured business loan.

NZ Working Capital Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

Apply Now

Apply Now

Contact Us

Contact Us

Contact Us

Fill out the form below or Call Now
0800 510 024