A Castor Bay unsecured business loan is quick and simple to apply for. Approve your loan in a matter of minutes and begin using the money in your company.
You can expect:
The conditions for eligibility for an unsecured business loan for a company loan Castor Bay are fairly minimal.
Call Now 0800 102 591Requesting an business loans within Castor Bay with us is easy and takes just about a couple of minutes, there are no piles of paperwork or long waits.
Approved and receive money within 1 – 2 business days.
We want to assist Castor Bay companies of all sorts small, medium even solopreneurs to access funds quickly so that they can use the loan to grow and build.
The requirements for getting an unsecured business loan in Castor Bay of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Check out the guidelines for eligibility for our $100K-$500K business loans.
The requirements for eligibility to be eligible for the larger Castor Bay company loans of between $100K and $500K include:
Are you looking for a lower amount of money? Find out the eligibility requirements for our $5K to $100K Castor Bay unsecured company loans.
A Castor Bay unsecured loan is great for nearly any company use. Talk to us today.
Do you want to begin one of these idea as quickly as tomorrow? Get in touch with us or send your application online for the quickjest fasted way.
All that’s required for starting is your contact details (the name of your company, your name, email and phone) as well as the amount you’d like to borrow, as well as your monthly income.
Through the process and before settlement we’ll require confirmation of your identity, but not before we can begin:
In addition, once we have started with loans of more than $150,000 you’ll also need basic financial statements:
Let’s get started.
In the wake of traditional lenders and banks tightening their credit terms as well as the continuous stream of alternative and non-bank loan providers entering the market provides an incredible source to access.
Castor Bay SME’s are now being able to get finance from alternative lenders that service Castor Bay who are focused on enabling business expansion or smoothing cash flow issues. In the past individual credit providers (drawing equity from a house loan, or by using credit cards and personal loans as well as credit cards) provided the most viable alternative financing solutions available in Castor Bay that were around.
There’s not a requirement for you to rely on using real estate to secure company credit. With an unsecured loan, business funding is made simple. Instead of a term loan with banks, business finance for an SME with interest rates and loan terms that aid with cash flow are around as business loan options.
There are many advantages associated by separating personal and business debt.
Lower your risks, and make tax times easier, get started with an unsecure company loan, apply today.
The main benefit of keeping your individual and business assets separate will be the fact that your home does not have to be tied to access the funds. If you’re looking for a small business loan within Castor Bay up to $100K, asset security will not be required as long as the borrower fulfills their loan obligations.
Companies will be in a stable long-term position when they can demonstrate good credit/debt capacity to pay.
The separation of personal as well as business finances makes it more seamless when it comes to tax time - particularly when determining what is the tax-deductible allocation. The IRD has outlined the guidelines for the documentation required to claim deductions on a company’s tax return. This is an area that the IRD have specifically advised on.
A well-organised cash flow management system is crucial to the long-term viability that of any company. By keeping personal and business finances distinct, companies can easily view the situation, track and plan based on their ability to accurately evaluate their cash flow situation.
Castor Bay unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 months. They also offer cash flow friendly repayments which can be made daily or weekly.
You can apply to get this Small Business Loan in under 10 minutes online or by phone. You will receive an answer within the same day and the funds could be available in just 24 hours. Traditional company loans refer to an annual interest rate plus other fees and charges. This business loan is a loan that is priced upfront which means you know ahead of time the total amount payable including any interest, fees or charges. This is then broken down into either weekly or daily installment amount.
A Small Business Loan can be used for almost every business purpose including managing cash flows, company remodeling, marketing, to purchase inventory or new equipment, as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size loan to aid in company expansion opportunities. Loans range between $100,000 and $500,000 with a fixed-term for up to 36 months. The repayments are made weekly or fortnightly in order to accommodate your situation.
It is crucial to note that the Larger Business Loan has an Origination Fee, calculated at 2.5% of the amount of the loan.
To qualify for a loan that is this large, your business needs to be in operation for at least 3 years, and have an annual income of at least $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A Business Loan of a larger size can be used to fund almost every company purpose including company remodeling, buying equipment or inventory as well as for general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is necessary for accessing funds over $150,000. This is as a result of an charge over assets, and could include registration through the PPSR or making a caveat.
A director’s or personal guarantee is a promise to repay a loan which is generally based rather than stating the security for a particular asset. The person who is signing the guarantee is personally liable in the event that the company lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including goods or assets). The PPSR permits preference over private property assigned according to the date the security interest was registered.
Caveats are legal form of document to provide the legal claim to a property.
When you’re applying for an enterprise loan that is greater than $250K, we may offer an initial pre-approval that will help simplify the process. It is possible to apply for this without a credit verification and within six hours of your initial application. The pre-approval process is based on a preliminary assessment which includes answering a couple of financial well-being checks. This is not an offer of credit or guarantee of finance. A conditional approval is subject an exhaustive credit evaluation, and any offer you are offered could have different conditions.
You can apply for a company loan if you
The application process is quick and easy. Simply complete the online form in few minutes and an experienced business expert in lending will be in touch to help you.
To apply for up to $100,000 you’ll require proof of identity (valid Driver’s Licence) as well as an active NZBN/IRD, and at least 6 months of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K-$250K: Details of application, including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Details of the application, including credit consent, 12 months of bank records, IRD statements Last 2 years’ finalised financial statements, plus interim financials for the current financial year as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K to $100K) we typically offer an answer within one hour if you submit your request at quality company hours and permit us to use the advanced bank verification system link to instantly verify your bank’s information online. If you opt to send us copies of your bank statement, we’ll provide an answer within one business day.
If you are applying for a Larger Business Loan ($100K and up) we may be capable of offer the conditional pre-approval within about six hours. After you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, this can be quicker based upon the circumstances for each application. Some offers have been approved within less than 24 hours.
The quickest method is to make sure you apply during normal company hours. You can also allow us to use the modern bank verification to instantly verify your bank account information online. If you choose to upload duplicates of your banking statement, it will take a little longer.
For the Small Business Loan ($5K up to $100,000) we typically provide an answer in just one hour – as long as you apply at standard business timings and allow us to make use of the advanced bank verification system link to instantly verify your bank details online. If you decide to send us copies of your bank statements we can offer an answer in just one business day.
If you are applying for Larger Business Loans ($100K to $500K) we may be capable of offer the conditional pre-approval within about six hours. After you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, this may be quicker depending on the circumstances of each application. Some offers have been approved within 24 hours.
The quickest method can be ensure you apply during normal business hours. You can also allow us to use the sophisticated bank verification link to instantly verify your bank information online. If you decide to upload copies of your bank statements it takes a bit longer.
We offer loan amounts between $5,000 and $500,000. When you submit an application for a certain amount we take into consideration a range of elements that determine what is the well-being of your company and the level of payments your business can support. The total amount of the loan will be determined by the specific circumstances that are unique to your business.
When you make an application for a specific amount we consider a variety of factors to determine the health of the company and the extent of repayments that your company can afford. The total amount of your loan will be contingent on the specifics of your business.
If you decide to request business loans with us company credit, we’ll assess the risk profile the company and offer you with a tailored offer that includes loan amount, term and the interest rates. It is a company loan is an upfront priced loan so you will know in advance the total amount payable including any interest rates, fees or charges.
Interest rates for company loans rates differ based on various factors like the amount of money borrowed, the business assets the funds will be used for in addition to the industry that the company operates in, the long the company has been running for, whether the business has enough cash flow to pay for the loan, and overall health or creditworthiness of the business.
There are no hidden costs for our company loans, and you’ll know precisely what it is that you need to pay, and when, from day one. There’s no compounding interest and no additional fees (as long as you are able to make your payments punctually).
We don’t charge an Application Fee. You can request a credit loan with no cost upfront or commitment to apply.
The Origination Fee is the cost associated with establishing and managing the loan. This is only a fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the loan amount.
You may choose to pay back the total amount of your loan in full at any time.
If you choose to do this please contact our helpful company loan specialists. They will provide you with details for repayment and an early payout figure. This is calculated as the total of the remaining principal amount and accrued interest to the time of the early payout, plus 1.5 percent of the principal amount remaining and any outstanding fees.
In order to help you avoid missing repayments and to fit in your cash flow schedule, we provide repayments either weekly or daily. They are automatically deducted from your nominated company account.
Making sure that your information is secure, and making it clear how we collect data, process, exchange and safeguard your data, is of paramount importance and an integral aspect of our relationship with you.
Yes. We use industry recognised encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our commitment to security for our customers and security. We employ a highly sophisticated bank verification system link to immediately confirm your bank account information online. This allows us to offer rapid response.
Asset-based borrowing is when an company owner uses an asset they own to obtain a loan. The asset can be either an asset belonging to the personal, like the family home, or a business asset such as a vehicle or piece of equipment.
The vast majority of lending institutions, not just the largest banks, are inclined to secure loans against assets. If you have trouble paying back the loan, your asset may be offered for sale by the lender. In essence it is a way of securing new funding using the value of what you already have.
Up to $150K in loans no asset security is required before you are able to access the money, however we do require an individual guarantee. If you adhere to the loan terms (as stipulated in your loan contract document) Asset security will never be required. If you take out loans in excess of $150K generally, you are able to get an individual ensure and security is provided in the form of charges on assets.
Although we can’t help with an unsecure business loan for these industries, we may be able to assist you with an secured business loan.
