A Birkenhead unsecured business loan is quick and simple to apply for. Approve your loan in a matter of minutes and begin using the money to grow your company.
You can expect:
The criteria for eligibility for an unsecured business loan to be made in Birkenhead are fairly minimal.
The process of applying for a company loan within Birkenhead with us is easy and takes only less than a minute, with no mountains of paperwork or queues.
Get approved and receive your money within one to two business days.
We want to assist Birkenhead businesses of all kinds, including medium, small and even solopreneurs to access funding fast so they can use the loan to build and expand their business.
The criteria for eligibility for an unsecured business loan in Birkenhead of between $5K and $100K are fairly minimal.
Looking for more funding? Review the eligibility requirements for our $100K-$500K business loans.
The criteria to be eligible to be eligible for the larger Birkenhead business loans of between $100K and $500K consist of:
Are you looking for a lower amount of capital? Find out the eligibility requirements for our $5K to $100K Birkenhead unsecured company loans.
A Birkenhead unsecured loan is great to use for every company reason. Call us now.
Do you want to start working on one of these projects as soon as tomorrow? Contact us now or apply online to get the fastest and most efficient process.
All that’s required for starting is your contact details (company name, your name, email, phone) along with the amount you want to borrow, and your monthly income.
In the course of the process and before settlement we’ll require confirmation of who you are, but not to get started:
Additionally after we get started in the process, for loans greater than $150,000 you’ll require basic financial statements:
Let’s get started now.
In the wake of traditional lenders and banks restricting credit The steady flow of non-bank and alternative loan providers that are entering the market offers an incredible source for you to access.
Birkenhead SME’s are now capable of accessing finance through alternative lenders who service Birkenhead who are focused on enabling company expansion or smoothing the cash flow problems. The past was when individual credit providers (drawing equity from the house loan, or using credit cards and personal loans as well as loans) provided the most viable alternative financing solutions within Birkenhead that were around.
There is now not a need for you to depend on using real estate to secure business loans. With an unsecured loan, business funding is made simple. Instead of a loan for a term with a bank, business finance for an SME with interest rates and loan terms that help in cash flow are available as business lending options.
There are substantial benefits associated with the separation of personal and company debt.
Lower your risks, and make tax times easier, get started with an unsecured busines loan. Apply today.
One major benefit of keeping your business and personal company assets apart is that your house isn’t necessarily tied up for access to the money. In the case of a business loan within Birkenhead up to $100K, asset security will not be needed as long as the borrower is able to meet their loan obligations.
Businesses are in a more stable long-term position when they can show good credit and debt capability.
Separating personal and business finances makes it much more straightforward with regards to tax time - especially when it comes to determining the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has laid out guidelines on the proof required for claiming deductions on an organisation’s tax return. This is an area where the IRD has specifically advised on.
A well-organised cash flow management system is key for the long-term viability for any business. Through keeping the personal financial and business finances distinct, companies can easily view, monitor and plan based on their ability to easily examine their cash flow.
Birkenhead unsecured loans provides amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months and cash flow-friendly repayments which can be made daily or weekly.
The application to get this Small Business Loan in under 10 minutes by phone. You will receive a same day response and the funds could be on your account within 24 hours. Traditional company loans have an interest rate per annum along with other charges and fees. The business loan is an upfront priced loan so you will be aware of the total amount payable including any fees, interest or charges. This is then broken down into either weekly or daily installment amount.
A Small Business Loan can be used to fulfill almost every business reason, such as managing cash flows, company remodels and marketing, to purchase inventory or new equipment, to fund general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger size loan to aid in company growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term that can last up to 36 months. The repayments are made weekly or fortnightly to work with your situation.
A Larger Business Loan has an Origination Fee, which is determined at 2.5 percentage of the amount of the loan.
In order to be eligible for a loan in this amount, your company needs to have been in operation for at least 3 years and have an annual turnover of at least $700K. Your company must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand company (with a valid NZBN/IRD) and be able to prove at least 12 months of trading.
A Business Loan of a larger size can be used for nearly any company purpose including business renovations, purchase of equipment or inventory, as general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is necessary to obtain funding above $150,000. This is by taking a charge on assets and can include the registration of this 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 stating security over a particular asset. The person who signs the guarantee is personally accountable if the business lender is not able to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It contains security interests that are registered for personal property (including items or assets). The PPSR allows priority over personal property to be granted according to the date a security interest was registered.
An affidavit is an official document lodged to offer the public notice of a legal claim against a property.
When you’re applying for the Larger Business Loan that is greater than $250,000 we can offer an initial pre-approval that will help make the process. We may be able to get this done without credit checks and within 6 hours of your initial application. This pre-approval is based on an initial assessment, which involves you answering some financial health checks. It is not an offer of credit or guarantee of funds. Acceptance without condition is subject to an extensive credit evaluation and any offer that you receive could be on different conditions.
You may apply for a business loan if you:
The application process is simple and simple. Just complete the online application within a couple minutes, and a dedicated company expert in lending will be in touch to help you.
To apply for up to $100,000, you’ll need ID details (valid Driver’s Licence) and an NZBN/IRD that is valid and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K to $250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K-$500K: Information on the application including credit consent and 12 month bank accounts, the IRD statements as well as the two most recent years’ financial statements, and interim financials for the current financial year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K and up) we usually offer an answer within an hour, provided you apply during quality business times and allow us to utilise the advanced bank verification system link to instantly verify your bank details online. If you opt to upload copies of your bank statements , we’ll be able to offer the decision in as little as an company day.
For the Larger Business Loan ($100K to $500K) we may be capable of offer the conditional pre-approval within six hours. After you’ve signed your pre-approval, turnaround times are between 2 and 3 days for the final approval, however this could be shorter based on the specifics of each application. Some offers have been approved in less than 24 hours.
The quickest method can be ensure you apply during standard company hours. You can also permit us to use the modern bank verification link to instantly verify your bank information online. If you decide to send us the copies of bank statements it can take a bit longer.
For the Small Business Loan ($5K and up) we typically offer an answer within an hour – as long as you make your application at standard business time and permit us to use the advanced bank verification system to instantly verify your bank’s information online. If you decide to submit copies of your bank statements we can provide a decision in just an business day.
If you are applying for Larger Business Loans ($100K to $500K) 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 about 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Certain agreements have been approved in 24 hours.
The quickest method for you to apply is ensure you apply during standard business hours. You can also allow us to use the modern bank verification link to instantly verify your bank information online. If you upload the copies of bank statements it will take a little longer.
We provide loan amounts between $5,000 and $500,000. When you make an application for a certain amount, we look at a variety of elements that determine how much we can lend you well-being that is your business and the level of the repayments your company can support. The amount you receive from your loan will depend on the specific circumstances for your business.
If you apply for a set amount, we take into consideration a variety of aspects to assess how much we can lend you such as well-being of your business and the extent of the repayments your business can afford. The amount you receive from your loan will be determined by the particular circumstances the business.
If you decide to apply for the company financing, we will assess the risk profile of your business and offer you with a customised offer that includes the amount of the loan, the duration and interest rates. It is a business loan is an upfront cost loan therefore you will be aware of the total amount payable including any costs, fees, or interest rates.
Business loan interest rates depend on several factors including the amount borrowed, the business assets the funds are used to purchase in addition to the industry that the company is operating in, how long the business has been operating as well as what percentage of the business has sufficient cash flow to cover the loan, as well as the general health as well as creditworthiness company.
There aren’t any hidden costs for our business loans. You’ll know precisely how much you’ll be required to pay, and when, right from day one. There’s no compounding interest, and no additional fees (as long as you are able to make your payments in time).
We do not charge an application fee. You are able to get a cash loan without any upfront costs or the obligation to take action.
The Origination Fee covers the costs associated with the setting up and management of the loan. The only way to pay this cost if you take out the loan. The Origination Fee for us is 2.5% of the amount of the loan.
You can repay the entire amount of the loan at any point in time.
If you choose to take this route, please speak to our friendly business credit specialists. We will provide you with repayment details along with an early payout estimate. This will be calculated as the total of the principal amount remaining plus any accrued interest as of the date of early payout in addition to 1.5% of the principal balance and any fees that remain unpaid.
To make sure you do not miss due dates and also to be in line your cash flow cycle we provide repayments either daily or weekly. These are automatically withdrawn from your business account.
Security of your data, and being upfront about how we collect data, process, exchange and ensure the security of your information is crucial and is a crucial element of our relationship with you.
Yes. We utilise industry-recognised encryption techniques to protect your personal, sensitive and financial data and our funders are ISO 27001 certified for our commitment to customer security and privacy. We employ a highly sophisticated banking verification system to instantly verify your bank account information online to offer an immediate response.
Asset-based borrowing occurs when a company owner uses the assets they have to make the funds for a loan. The asset could be an individual asset, such as the family home or an business property like a truck or piece of equipment.
The majority of lending institutions, even the big banks, tend to guarantee loans against an asset. If you’re struggling to pay back the loan, then the asset could be taken over by the lender. In essence it is means of securing additional financing using the value of what you already have.
For loans that exceed $150,000, no asset security is required upfront to access the money, however we require a personal guarantee. require an individual guarantee. As long as you follow the terms of your loan (as stipulated in your loan contract document) Asset security will never be needed. If you take out loans in excess of $150,000 typically, you will need an individual ensure and security that is in the form 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 you by providing secured business loan.
