Unsecured Business Loans Bombay NZ

By This Tomorrow You Could Be All Set For Success WithThe Help Of a Bombay Business Loan

Unsecured Business Loans Bombay

A Bombay unsecured business loan is simple and quick to get. Get a quick apporval and start using the funds to grow your business.

  • Are additional funds able to help your company with working capital or to realise the opportunity for growth?
  • How are you financing your company needs?

What you can expect:

  • Easy to apply and get approved and funds as soon as tomorrow
  • Optionally no reayments in the first four weeks
  • The range of borrowing is from $5k to $500K.
  • Terms ranging from three to thirty-six months
  • Competitive interest prices
  • Minimal docs required

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

I can now make the coffee I serve my customers with the best equipment.
Cafe Owner
Business credit rates and repayment terms and flexible repayment options that can be tailored to you company requirements.
Business Lending Options
I'm now able fund the remodel of our brand modern Bombay resturant without having draw cash from other locations.
Bombay Resturant Owner
Business loans, particularly one that is an unsecured business loan or line of credit to business financing require have no difficult process. Business finance can be in the form of small business loans with an interest rate cost, and with a repayment period which is compatible with the needs of your company liquidity.
Business Lenders for Business Goals
I'm able to get my tax back on time.
Small Business Owner
I'm now able to go on time off knowing that the Bombay business will run effortlessly.
Local Business Owner
I'm now able hire an specialist marketer to help me take my company to the next step.
Growing Bombay Business
A straightforward loan application process with a huge loan limit, with minimal requirements for credit and there is no need to submit a business plan. You no longer need to use your personal credit card and company credit cards to fund your company.
Unsecured Loans Made Simple
Unsecured Business Loan Service Provider

Fast Approval Process

Requesting the company loan in Bombay with us is easy and takes just less than a minute, with no mountains of paperwork or queues.

Be approved and receive your money within one to two company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Bombay companies of all kinds, including medium, small and even entrepreneurs to obtain money quickly, so that they can utilise the loan to expand and develop.

  • It begins with an easy online application, or phone call
  • Flexible repayment terms to suit your company
  • Fast cash in just a day or two
  • A team that wants both you and your business to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for obtaining an unsecured business loan in Bombay of between $5K and $100K are fairly minimal.

  • The minimum period of 6 months for which you must be in business
  • At least $6,000 of revenue per month
  • You must be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or Driver’s License for proof of identity
  • Make sure you have an account with a New Zealand bank as your main trading account
  • Bank statements from the past 6 months

Looking for more funding? Take a look at the conditions of eligibility for our $100K to $500K company loans.

Here's How Others Have Benefited

Examples of Business Loans

The owner of a small grocery store doing $70K a month borrowed $76K over a 24-month period with no repayments for the first 4 weeks. This had a requirement of 12 months' bank statements. The turn around time was 6 hours from submitting the application to receiving the money.
Grocery Store Small Business Loan
With the busy Christmas time fast approaching, a clothes store required additional working capital to fund extra inventory and to take advantage of discounts from suppliers. They were able to borrow $20K for 12 months, with no security of assets required. They received the money in just 24 hours.
Clothing Store
A plumber who has had business for 3 years with the monthly revenue of $80K was looking for additional funding. They were able to borrow $153K over 36 months. The only thing needed were 12 months' worth of statements as well as confirmation of their status with IRD. The procedure was completed within an hour and the plumber was able to access their working capital available in their account soon afterward.
A gym that had been operating for over three years, was planning to expand and required additional equipment. With monthly revenue of $37K they borrowed$72K over a 24 month period. There was no security requirement for the loan and it was ready within 24 hours.
A business coach was looking to invest in the health and beauty company. With just a little more than twelve thousand dollars in monthly income they borrowed $24K in 24 months. This required 12 months of bank statements and was completed in just 8 hours.
Business Coach
Simple eligibility checklist

Larger Bombay Business Loan Eligibility Criteria

The requirements for eligibility to be eligible for larger Bombay business loans of between $100K and $500K include:

  • Minimum of 3 years trading in business
  • At least $700K of annual revenue
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for identification
  • Use an account with a New Zealand bank as your principal account for trading
  • Bank statements from the last 6 months
  • Certain financial statements include Profit & Loss as well as Aged Accounts Payable and Receivable

You are looking for a lesser amount of money? Check out the guidelines for eligibility for our $5K to $100K Bombay unsecured business loans.

Business Lending for a Cash Injection

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

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

  • Expand or renovate commercial properties
  • Hire more staff during busy periods
  • Boost stock levels to meet demand
  • Make a brand new website or boost your marketing
  • Make sure you invest in new equipment, tools , or technological advancements
  • Buy extra stock to meet seasonal demand
  • Control cash flow fluctuations
  • Plus many more …

Want to get started on one of these options as early as tomorrow? So, contact us or apply online now for the quickjest fasted way.

Quick application checklist

What do you need to apply

All that’s required to start is your contact information (company name and your name, as well as email, phone) and the amount you’d like to lend, as well as your monthly income.

During the process and before settlement we’ll need confirmation of who you are, but not to get started:

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

Additionally after we get started in the process, for loans that exceed $150,000, you’ll require basic financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started.


Apply Now

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    Here's How Others Have Benefited

    Examples of Business Loans

    An interior designer had noticed an opportunity to increase the size of their company and required working capital to finance this growth. With an annual revenue of $300K they borrowed $250K in 24 months. Their turnaround time was just two days, and all they needed for them to present were 12 months worth of banking statement, IRD confirmation, and trust deed.
    Interior Designer
    A restaurant owner wanted to open a second establishment and needed money to fund the renovation. Their bank was not interested in helping. The typical monthly income for them was $50K. They were able to borrow $66K for 24 months. The turnaround time was just 8 hours.
    Restaurant Owner
    When they purchased a pizza restaurant and 2 liquor stores 6-12 months prior, the new owners were seeking more funds. The total revenue of the two stores was more than $500K per month . The owners were able to obtain $300K. The loan was split into $100K for each store using an option of both 24 and 36 month terms. No security over the owner's homes was required.
    Owner of a Pizza Store & 2 Liquor Stores
    The proprietor of a small grocery store making $70K a month borrowed $76K over a 24-month period, with no payments during the initial 4 weeks. This had a requirement of 12 months' bank statements. The turn around time was 6 hours from application to getting the money.
    Grocery Store Small Business Loan
    A gym that was running for more than three years decided to increase its size and was in require of additional equipment. With a monthly turnover of $37K they borrowed $72K over a 24- month period. No security was required for the loan and it was ready to go within just 24 hours.

    The lending landscape has changed

    In the wake of traditional lenders and banks tightening credit conditions, the steady stream of alternative and non-bank loan providers entering the market provides a great resource to take advantage of.

    Bombay SME’s are now being able to get finance from other lenders in Bombay who are focused on enabling company growth or smoothing out cash flow issues. In the past private credit options (drawing equity from a house loan, or by using credit cards and personal loans as well as the overdraft) was the sole alternative financing solutions within Bombay that were around.

    There’s there is no requirement to depend on real estate to secure business loan. With an unsecured loan, business financing is now easy. Instead of a term loan with a bank, business finance for a small company 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 many benefits in separating personal from company debt.

    • Your home or other investments, aren’t tied up for access to funds
    • It is the company will be in more favourable position to establish its own, clear credit history
    • It’s significantly more straightforward during tax time
    • Companies can quickly view the situation, track and plan based on being able to clearly evaluate their cash flow situation

    Lower your risks, make tax time easier, get started with an unsecured busines loan, apply today.

    For those who like the detail

    Separate personal and business debt


    One major benefit of keeping your individual and company assets separate is that your home isn’t required to be tied for access to the money. For a modest business loan within Bombay up to $100K, asset security will not be needed as long as the borrower meets their loan obligations.

    Credit history

    Companies are in a stable long-term position when they can show good credit and debt capability.


    A separation between personal and business finances makes it significantly more seamless in the event of tax time - especially when it comes to determining the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the guidelines on the proof required in order to deduct deductions from an organisation’s tax return. This is an area that the IRD has advised specifically on.

    Cash flow

    Effective cash flow management is crucial to the longevity of any business. By keeping the personal financial and business finances separate, businesses can easily view how they are performing, monitor and plan on their ability to accurately determine their cash flow status.

    Business loans, especially an unsecured business loan or line of credit for business financing require not be a difficult process. Finance for a business in the shape in the form of small business loans at a fixed interest rate and repayment period that fits the requirements of your company liquidity.
    Business Lenders for Business Goals
    I'm able to get my tax back to keep me on track.
    Small Business Owner
    I'm now able to prepare the coffee I serve my clients using the best equipment.
    Cafe Owner
    I am now able to take a holiday knowing my Bombay company will run without a hitch.
    Local Business Owner
    I'm now able to hire an experienced marketer to help me help me take my business to the next stage of business growth.
    Growing Business
    A seamless loan application process with a large loan limit, with minimal requirements for credit and no requirement to provide a business plan. You no longer need to use your personal credit card or business credit cards in order to fund your business.
    Unsecured Loans Made Simple
    I can now fund the fitout of our modern Bombay resturant without having draw cash from other locations.
    Bombay Resturant Owner
    Business credit rates and repayment terms as well as flexible repayment options that can be tailored to your business needs.
    Business Lending Options
    FAQ: business lending & business loans for business owners

    Business Loans Frequently Ask Questions

    Information About The Bombay Small Business Loans

    Let me know what you think of the Bombay Small Business Loans

    Bombay unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 months. They also offer cash flow friendly repayments that are either daily or weekly.

    What makes this Unsecured Loan different from an traditional business loan?

    It is possible to apply to get the Small Business Loan in under 10 minutes online or over the phone. You’ll get an immediate response, and the money could be in your account in 24 hours. Traditional company loans reference an annual interest rate as well as other fees and charges. The company loan is a loan that is priced upfront and you’ll know ahead of time the total amount payable including any fees, charges or charges. This is then divided into weekly or daily repayment figure.

    What can be the Small Business Loan be used for?

    It is a Small Business Loan can be used to fulfill almost every company use, including cash flow management, business renovations, marketing for purchasing inventory or new equipment, for general working capital, and much more. The loan cannot be used for personal purposes.

    About Larger Bombay Business Loans

    What is the Larger Bombay Business Loan?

    The Larger Business Loan is a larger amount of loan to help company growth opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of with a maximum of 36 months. Repayments are weekly or fortnightly to work with you cashflow.

    How’s the Origination Fee determined?

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

    Am I eligible for the Larger Business Loan?

    To be eligible for a credit in this amount the company needs to be operating for at least three years and have an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.

    How can the funding be utilised?

    A Business Loan of a larger size can be used for nearly every business need, including business renovations, to purchase new equipment or inventory or as general working capital and much more. The loan cannot be used for personal use.

    Is the Larger Business Loan a secured loan?

    Asset security is needed for accessing funds over $150,000. It’s by way of charge on assets, which could also include the registration of this in the PPSR or filing as a caveat.

    A personal or director’s guarantee is a promise to pay off a credit line that is general in nature, rather than stating the security for a particular asset. The person who is signing the ensure is personally liable in the event that the business the borrower fails to make the repayment.

    The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including goods or assets). The PPSR grants preference over private property granted in accordance with the date on which a registration of a security interest.

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

    What exactly is a preapproval without Credit Check?

    When you’re applying for the Larger Business Loan that is greater than $250,000 it’s possible to offer an initial pre-approval in order to smooth out the process. We may be able to do this without a credit check and within six hours of your initial application. This pre-approval is based on an initial evaluation that involves the answer to a series of financial health questions. This is not an offer or guarantee of finance. A conditional approval is subject a full credit assessment and any offer you are offered could be on different terms.

    The application process

    Do I qualify for funds?

    You are eligible to apply for a business loan if you:

    • are a New Zealand Citizen (or Permanent Resident)
    • are at least 18 years old, have a New Zealand business (with a valid NZBN/IRD)
    • can demonstrate at least 6 months’ worth of transactions (for you to qualify for unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K or $500K)

    How do I apply?

    The process for applying is fast and simple. Just fill out the online application within a couple minutes, and a dedicated business loan specialist will call you to help you.

    To apply for up $100,000, you’ll need ID details (valid Driver’s Licence), an NZBN/IRD that is valid and at least 6 months of bank statements.

    If you’re looking for loans with larger sizes, you’ll also need:

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

    How quickly will I receive a decision?

    For an unsecured loan ($5K to $100K) we typically offer an answer within one hour, provided you make your application during standard business timings and allow us to utilise the bank verification system link to instantly verify your bank’s information online. If you choose to send us copies of your bank statements , we are able to offer a decision in just an company day.

    For the Larger Business Loan ($100K and up) we might be likely to provide the conditional pre-approval within six hours. After you’ve signed your pre-approval form, it will take approximately 2-3 days to receive final approval. However, it could be faster based on the particular circumstances of each application. Certain agreements have been approved in 24 hours.

    The most effective method is to ensure you apply during standard company hours. Also, allow us to use the modern bank verification link to verify your bank account information online. If you choose to upload duplicates of your banking accounts, it can take a bit longer.

    How quickly will I receive the funds?

    For the Small Business Loan ($5K to $100K) we usually provide a response in one hour – provided you make your application at normal business times and let us use the advanced bank verification system to instantly verify your bank’s information online. If you opt to upload copies of your bank statement, we’ll offer the decision within the span of one business day.

    If you are applying for Larger Business Loans ($100K up to $500,000) we might be capable of provide the conditional pre-approval in about six hours. Once you’ve signed the pre-approval document, you will need to wait approximately 2-3 days to receive final approval. However, it could be faster based on the circumstances of each application. Certain transactions have received approval within the space of 24 hours.

    The most effective method can be make sure you apply during normal business hours. Also, let us use the sophisticated bank verification link to confirm your bank details online. If you upload duplicates of your banking statement, it takes a bit longer.

    What is the maximum amount I can borrow?

    We provide loans ranging from $5,000 to $500,000. When you submit an application for a certain amount, we consider a variety of aspects for determining the health for your business and the level of the repayments your business can support. The amount you receive from your loan will depend on the specifics the business.

    When you submit an application for a set amount, we consider a variety of factors to assess the health that is your business as well as the amount of payments your company will be able to support. The total amount of the loan will be determined by the specific circumstances for your business.

    Fees & repayments

    How much do you charge for a company loan?

    When you request our company financing, we will assess the risk assessment for your business and offer an individualised offer that includes loan amount, term and interest rates. The company loan is an upfront-priced loan therefore you will know the exact amount you will have to pay, including charges, interest rates or fees.

    What determines the amount I am charged?

    Interest rates for company loans rates depend on several variables like the amount to be borrowed, the business assets the funds are used to purchase in addition to the industry that the company is operating in, how long the company has been operating, what percentage of the business has enough cash flow to fund the loan, and general well-being as well as creditworthiness business.

    What are the fees?

    There aren’t any hidden charges for our company loans, and you’ll be aware of the amount you need to pay and when, starting from the first day. There’s not any compounding interest and no extra fees (as as long as you pay your payments on time).

    We don’t charge an Application Fee. You are able to get a cash loan with with no upfront cost or the obligation to take action.

    The Origination Fee includes the expenses associated with establishing and managing the loan. The only way to pay this cost if you take out the loan. Our Origination Fee is 2.5% of the amount of the loan.

    Can I pay out the loan in advance?

    You may choose to pay back the entire amount of the loan early at any time.

    If you do decide to pursue this option, please call our helpful business loans experts. They’ll offer you with details on repayment and an early payment figure. The figure will be calculated as the sum of the principal remaining and any accrued interest at the date of early payout and 1.5 percent of the principal balance as well as any outstanding fees.

    How do you make repayments work?

    To help you avoid missing due dates and also to be in line your cash flow schedule, we offer repayments either daily or weekly. These are automatically withdrawn from your designated company account.

    Security & privacy

    Will my data be secure?

    Protecting your information, and being transparent about how we collect information, use it, and exchange it, as well as protect your information, is vital and is a crucial part of our relationship you.

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

    Yes. We employ industry-recognised encryption protocols to safeguard your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our dedication to the security of our clients as well as their security. We make use of an advanced bank verification system to immediately verify the bank account details online. This allows us to provide rapid response.

    About business loans

    What’s an asset-based borrow (a secured loan)?

    Asset-based borrowing occurs when the business owner borrows from an asset that they own to obtain the loan. The asset could be an individual property, such as the family home or a company asset such as a vehicle or piece of equipment.

    The vast majority of lending institutions, even the big banks, tend to guarantee loans against assets. If you are having difficulty paying back the loan, your asset may be sold by the lender. In essence, it is the process of securing additional financing using the value of what you already have.

    Do I need security for an company loan?

    Up to $150K in loans no asset security is required prior to the loan’s access but we require a personal guarantee. need a personal guarantee. In the event that you fulfill your loan commitments (as detailed in the loan contract) and you are able to meet your obligations, asset security will never be required. If you take out loans in excess of $150,000 generally there is the option of a personal guarantee and security is provided in the form of charges on assets.

    Industries we currently aren't able to help with

    • Adult related industries
    • Auction websites & auction houses
    • Debt collection firms & debt purchasers
    • Direct marketing including fundraising, telemarketing, mail order, direct-mail etc
    • Financial lenders & institutions
    • {Firearm related businesses
    • Foreign currency exchange offerings
    • Freight forwarding & customs clearing houses
    • Anything gambling related
    • Not-for-profit organisations, charities and churches etc
    • Smash repairers and panel beaters
    • Pawnbrokers and pawn shops
    • Property development
    • Investment business, shares or stockbrokers
    • Tattoo palours
    • Ridesharing and taxi services
    • Entertainment sales or ticket resellers
    • Vehicle towing services
    • Secondhand vehicle dealers
    • Car glass tintingservices
    • Vehicle wrecking yards

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

    NZ Business Loan Brokers Services

    Unsecured Business Loans

    Unsecured Business Loans

    Eligibility Requirements

    Eligibility Requirements

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    0800 102 591

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