Unsecured Business Loans Eastbourne NZ

If You Do This Today, You'll Have Everything You Need to Be Successful By ObtainingThe Help Of an Eastbourne Business Loan

Unsecured Business Loans Eastbourne

An Eastbourne unsecured business loan is quick and simple to get. Approve your loan in a matter of minutes and use the money for your company.

  • Do you think that additional funds could help your business with working capital or for the opportunity for growth?
  • How are you financing your company requirements?

What to expect:

  • Simple process to apply to be approved and receive cash as quickly as tomorrow
  • No reayments are permitted in the first 4 weeks
  • Amount of loan from $5k up to $500K
  • Terms ranging from 3-36 months
  • Competitive interest prices
  • Minimal docs required

The conditions for eligibility for an unsecured business loan in Eastbourne are fairly minimal.

Business loans, especially an unsecured business loan or line of credit to business financing need to not become a stressfull process. Finance for a company in the shape in the form of small business loans at an interest rate and repayment time that will suit your business budget.
Business Lenders for Business Goals
Business credit rates and repayment conditions, and flexible repayment options to suit you business needs.
Business Lending Options
I'm now able fund the fitout of our new Eastbourne resturant without having to take cash from other ones.
Eastbourne Resturant Owner
I'm now able to prepare espresso for customers using the best equipment.
Cafe Owner
I am now able to take time off knowing that I am confident that my Eastbourne business will run effortlessly.
Local Business Owner
I can now hire a marketer to help me take my business to the next level.
Growing Eastbourne Business
I can get my tax back to keep me on track.
Small Business Owner
Simple loan application procedure with a huge limit on borrowing, no requirements for credit, and there is no requirement to submit a business plan. Don't use your personal credit card and business credit card to fund your business.
Unsecured Loans Made Simple
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for an company loans within Eastbourne with us is simple and only takes a few minutes, no piles of paperwork or long waits.

Be approved and receive your funds within 1 to 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our focus is to assist Eastbourne companies of all kinds, including medium, small and even solopreneurs to access quick funding so that they can utilise the loan to grow and build.

  • It starts with an easy online application or a phone call
  • Flexible terms for repayment to fit your company
  • Fast and prompt funding within a single day or two
  • We want for you as well as your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • At least 6 months in business
  • At least $6,000 of revenue per month
  • Be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for evidence of identity
  • You should have an account with a New Zealand bank as your main trading account
  • Bank statements from the past six months

Are you looking for additional funding? Take a look at the eligibility requirements for our $100K to $500K business credit.

Here's How Others Have Benefited

Examples of Business Loans

A gym that had been operating for over three years was looking to expand and needed additional equipment. With monthly revenue of $37K they borrowed $72K over a 24 month period. No security was required to secure the loan. It was settled in 24 hours.
Gym
After purchasing a pizza shop and two liquor stores six to 12 months earlier, the new owners were seeking more funds. The revenue total was greater than $500K per month . The owners could borrow $300K and split it into $100K for each store, with a mix of 24 and 36 months. No security over the owners houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A plumber who's operated their business for three years and has monthly sales of $80K was in need of more funds. They borrowed $153K over 36 months. All they needed to be provided was 12 month bank statement and confirmation of the loan's status with IRD. The process was completed within one day, and the plumber got their extra working capital in ther account within a short time.
Plumber
A restaurant owner was wanting to open a second establishment and needed funds for the remodel. The bank they approached wasn't interested in helping. The average monthly income for them was $50K, and they borrowed $66K in 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
The owner of a small supermarket that was making $70K a month borrowed $76K over a 24-month term , without making any repayments for the first four weeks. The loan required 12 months of bank statements. The turn around time was 6 hours from the moment you applied to receiving the funds.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Eastbourne Business Loan Eligibility Criteria

The criteria to be eligible to be eligible for larger Eastbourne company loans of between $100K and $500K consist of:

  • Minimum of 3 years trading in business
  • At least $700K in annual revenue
  • You must be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as evidence of identity
  • Have an account at a New Zealand bank as your principal account for trading
  • Bank statements for the last 6 months
  • Some financial statements like Profit & Loss and Aged Accounts Payable and Receivable

Are you looking for a lower amount of money? Check out the eligibility requirements for our $5K-$100K Eastbourne unsecured business loans.

Business Lending for a Cash Injection

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

An Eastbourne unsecured loan is perfect for virtually any business use. Talk to us today.

  • Remodel or expand commercial spaces
  • Staff expansion for busy periods
  • Boost stock levels to meet demand
  • Create a new site or increase your marketing
  • Consider investing in new equipment, tools , or technological advancements
  • Purchase additional stock to meet the seasonal demand
  • Control cash flow fluctuations
  • Plus many more …

Want to get started on one of these projects as soon as tomorrow? So, contact us or send your application online to get the fastest and most effective process.

Quick application checklist

What do you need to apply

All you need to get started is your contact information (company name, your name, email, phone), how much you’d like to lend, and your monthly revenue.

During the process and before settlement we will require confirmation of who you are, but not before we can begin:

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

Once we’ve started, for loans over $150,000 you’ll need the following financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Apply Now







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    Here's How Others Have Benefited

    Examples of Business Loans

    A gym that had been going for nearly 3 years wanted to grow and needed additional equipment. With a monthly turnover of $37K they borrowed$72K over a 24 month period. No security was required and the loan was settled within 24 hours.
    Gym
    When they purchased a pizza store as well as two liquor stores 6-12 months earlier, the new owners needed more funds. The combined revenue was over 500K per month. They could have borrowed $300K and split it into $100K for each store, with two different 24 and 36 months. There was no security on the owners' homes was required.
    Owner of a Pizza Store & 2 Liquor Stores
    An interior designer saw an opportunity to grow their company and needed working capital to fund this expansion. With a monthly revenue of $300K they borrowed $250K over 24 months. Their turnaround time was just two days, and all they had to present is 12 months' worth of Bank statement IRD confirmation, IRD confirmation and their trust deed.
    Interior Designer
    A business coach was looking to invest in the well-being and cosmetics company. With just a little more than $12K in monthly revenue the company borrowed $24K over 24 months. This only required 12-month bank statements and was done in only 8 hours.
    Business Coach
    A plumber who has worked in the business for three years and has $80K in monthly sales was in search of additional funds. They took out $153K on the course of 36 months. All that was required is 12 months worth of banking statements as well as confirmation of the status with IRD. The process was complete within a day and the plumber had their extra working capital in their account soon afterward.
    Plumber

    The lending landscape has changed

    With banks and traditional lenders restricting credit and the constant stream of non-bank and alternative loan providers entering the market offers a great resource to access.

    Eastbourne SME’s are now capable of accessing finance through alternative lenders who service Eastbourne who are focused on facilitating business growth or smoothing out cash flow issues. In the past, individual credit providers (drawing equity from the home loan, or by using credit cards and personal loans as well as the overdraft) provided the most viable alternative funding services available in Eastbourne that were available.

    There is now not a requirement of having to depend on the real estate market to secure business credit. With an unsecured loan, business financing is easy. Instead of a term loan through banks, business finance for a small business with interest rates and loan terms that aid to manage cash flow are available as business credit options.

     

     

    High level summary

    Separate personal and business debt

    There are many advantages associated in separating personal from business debt.

    • Your home or other investmentsaren’t tied for access to funds
    • It is the company has a much better position to establish its own, clear credit history
    • It’s significantly more seamless when it comes to tax time
    • Businesses can easily view how they are performing, monitor and plan on being able to easily assess their cash flow position

    Lower your risks, and make tax times simpler, start with an unsecure business loan, apply today.

    For those who like the detail

    Separate personal and business debt

    Risk

    One of the main benefits of keeping your business and personal company assets apart is that your home isn’t necessarily tied up to access the funds. For a modest business loan within Eastbourne up to $100K asset security won’t be needed as long as the borrower is able to meet their loan obligations.

    Credit history

    Businesses will be in a stable long-term position when they can show good credit and debt serviceability.

    Tax

    It is important to separate personal from business finances makes it much more straightforward when it comes to tax time - particularly when identifying what is the tax-deductible amount. The IRD has outlined the guidelines on the proof required to be able to claim deductions on the tax return of a company. This is a subject that the IRD have specifically advised on.

    Cash flow

    A well-organised cash flow management system is crucial to the long-term success for any business. Through keeping your personal finances and business finances separate, companies can easily view their cash flow, plan and monitor it based on their ability to accurately examine their cash flow.

    Business loans, specifically an unsecured business loan or line of credit for business financing require have no stressfull procedure. Business finance in the form in the form of small business loans that have an interest rate cost, and with a repayment time which is compatible with your company liquidity.
    Business Lenders for Business Goals
    A simple loan application process with a generous loan limit, with minimal credit criteria and there is no requirement to submit a business plan. Stop using your personal credit card or company credit card to finance your business.
    Unsecured Loans Made Simple
    I am now able to take an extended vacation knowing that it is safe knowing that Eastbourne business will run effortlessly.
    Local Business Owner
    I'm able to get my tax back on track.
    Small Business Owner
    I'm now able to hire a marketing specialist to increase the success of my company to the next step of business growth.
    Growing Business
    I'm now able to prepare espresso for customers using the very best equipment.
    Cafe Owner
    Business business loans, interest rates and repayment terms as well as flexible repayment options to fit the requirements of your business requirements.
    Business Lending Options
    I'm now able to finance the fitout of our newly constructed Eastbourne resturant without having to borrow cash from other resturants.
    Eastbourne Resturant Owner
    FAQ: business lending & business loans for business owners

    Business Loans Frequently Ask Questions

    Details of The Eastbourne Small Business Loans

    Let me know about the Eastbourne Small Business Loans

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

    How is this Unsecured Loan different from an ordinary company loan?

    Apply to get your Small Business Loan in under 10 minutes by phone. You will receive a same day response and funds may be in your account within 24 hours. Traditional business loans refer to an annual rate of interest plus other fees and charges. The business loan is an upfront priced loan and you’ll be aware of the amount you will have to pay, including any fees, interest or charges. Then, it is divided into weekly or daily repayment figure.

    What can be the Small Business Loan be used for?

    The Small Business Loan can be used for virtually every company need, such as control of cash flow company improvements, advertising, to purchase inventory or new equipment, or as general working capital and much more. The loan cannot be used for personal use.

    About larger Eastbourne Business Loans

    What is the Larger Eastbourne Business Loan?

    The Larger Business Loan is a larger size loan to aid in company growth opportunities. Loans are between $100,000 and $500,000 with a term fixed up to 36 months. The repayments are made weekly or fortnightly, depending on the flow of cash.

    How’s the Origination Fee calculated?

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

    Am I eligible for the Larger Business Loan?

    To be eligible for a credit that is this large, your company needs to be in operation for at least 3 years and have an annual turnover of at least $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.

    What can I use the funds for?

    A Larger Business Loan can be used for almost any business purpose including business renovations, purchase of inventory or new equipment as well as for general working capital and so much more. The loan cannot be used for personal purposes.

    Is the Larger Business Loan a secured loan?

    Asset security is necessary to obtain funding above $150,000. It’s as a result of an charge on assets, and could include the registration of this on the PPSR or making as a caveat.

    A director’s or personal ensure is a guarantee to pay back a loan that is general in nature, rather than defining the security of a specific asset. The person who is signing the guarantee is personally accountable if the company borrower is unable to re-pay 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 which are registered with respect to personal property (including objects or assets). The PPSR grants the priority of personal property granted in accordance with the date on which a registration of a security interest.

    An affidavit is an official document filed to offer the public notice of a legal claim against a property.

    What exactly is a preapproval without Credit Check?

    If you’re applying for a Larger Business Loan that exceeds $250K we can offer an initial pre-approval that will help simplify the process. We could be able to make this decision 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 checks. It’s in no way an offer, nor is it a guarantee of credit. Unconditional approval is subject to an extensive credit evaluation and any offer that you might receive could be on different terms.

    The application process

    Can I be eligible for funding?

    You can apply for an company loan if you:

    • are a New Zealand Citizen (or Permanent Resident)
    • are over the age of 18 and have a New Zealand company (with a valid NZBN/IRD)
    • can demonstrate at least 6 months worth of trade (for for the unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K - $500K)

    How do I apply?

    The application process is quick and easy. Just complete the online application within a few minutes and a dedicated business credit specialist will contact you to help you.

    For a loan of up to $100,000, you’ll require proof of identity (valid Driver’s Licence) as well as a valid NZBN/IRD as well as at least 6 months of bank statements.

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

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

    How soon will I hear a decision?

    For an unsecured loan ($5K and up) We can usually offer an answer within an hour if you make your application within quality company time and allow us to utilise the advanced bank verification system to instantly verify your bank information online. If you opt to upload copies of your banking statement, we’ll provide an answer within 1 company day.

    For Larger Business Loans ($100K up to $500,000) we may be capable of provide the conditional pre-approval within about 6 hours. After you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, it could be faster based on the specifics of each application. Some agreements have been approved in the space of 24 hours.

    The quickest way to apply is to ensure you apply during standard business hours, and allow us to use the advance bank verification to check your bank’s information online. If you opt to send us duplicates of your banking statement, it can take a bit longer.

    What is the time frame to receive the cash?

    For the Small Business Loan ($5K to $100K) we can often provide an answer within one hour, provided you submit your request at standard business time and allow us to use the bank verification system link to instantly verify your bank’s information online. If you want to upload copies of your bank statement, we’ll provide the decision in just 1 business day.

    If you are applying for Larger Business Loans ($100K up to $500,000) we could be likely to provide you with a conditional pre-approval in about six hours. Once you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval, however this may be quicker depending upon the circumstances for each application. Certain transactions have received approval in the space of 24 hours.

    The fastest way is to make sure you apply during standard business hours. Also, permit us to use the modern bank verification link to instantly check your bank’s information online. If you send us copies of your bank statements it can take a bit longer.

    How much can I borrow?

    We offer loan amounts between $5,000 and $500,000. When you make an application for a certain amount we look at a variety of variables in order to assess how much we can lend you health of your company as well as the amount of repayments your company is able to afford. The amount you receive from your loan will depend on the specifics that are unique to your company.

    When you submit an application for a specific amount we look at a range of factors to determine how much we can lend you such as well-being of the business and the level of repayments that your business can support. The total amount of the loan will be determined by the particulars for your business.

    Fees & repayments

    How much should you charge for the cost of a business loan?

    If you decide to apply for our company credit, we will assess the risk assessment for your business and offer you with a tailored proposal that includes the amount of loan, the term and interest rates. A business loan is an upfront priced loan and you’ll know the exact amount you will have to pay, including charges or interest.

    What determines the rate that I’m charged?

    Business loan interest rates differ based on various factors like the amount of money borrowed, what company assets the funds are used to purchase and the sector the company operates in, the long the business has been running and how long the business has enough cash flow to fund the loan, and also the overall health and creditworthiness of the business.

    What are the fees?

    There are no hidden fees for our business loans, and you’ll know precisely what it is that you need to pay and when, starting from the very first day. There’s not any compounding interest and there are no additional charges (as long as you make your payments in time).

    We don’t charge an Application Fee. You can apply for a loan absolutely no upfront cost and no commitment to apply.

    The Origination Fee includes the expenses associated with the setting up and management of the loan. The only way to pay this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percent of the loan amount.

    Can I repay the loan earlier?

    You can choose to repay all of your advance loan at any time.

    If you are deciding to take this route, please speak to our friendly business credit professionals. They’ll offer you with details on repayment and an early payout figure. The figure will be calculated as the sum of the principal amount remaining and accrued interest to the time of early payment in addition to 1.5% of the principal amount remaining plus any outstanding fees.

    How do you make repayments work?

    To make sure that you don’t miss payments and to work with your cash flow cycle we offer repayments that are either daily or weekly. These are automatically withdrawn from your nominated business account.

    Security & privacy

    Will my information be secure?

    Security of your data, and knowing the ways we gather information, use it, and exchange it, as well as safeguard your data, is crucial and an integral part of our relationship with you.

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

    Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 qualified for our dedication to security for our customers and privacy. We employ a highly sophisticated banking verification system to instantly confirm your bank account information online. This allows us to provide an immediate response.

    About business loans

    What exactly is an asset-based loan (a secured loan)?

    An asset-based loan is when an company owner makes use of assets they own to secure the loan. The asset can be either a personal asset like the family home, or a company property like a truck as well as a piece of machine.

    The vast majority of lending institutions, even the banks with the biggest size, prefer to make loans secured by an asset. If you have trouble paying back the loan, then your asset may be offered for sale by the lender. In essence, it is a way of securing new financing by taking advantage of the value of what you already own.

    Are I need security for a business loan?

    For loans that exceed $150,000, there is no requirement for asset security prior to the loan’s access, however we require a personal guarantee. need the personal guarantee. If you adhere to your loan commitments (as stipulated in your loan contract document), asset security is not required. For loans over $150,000 generally there is the option of a personal guarantee and security in the form charges on assets.

    Industries we currently aren't able to help with

    • Adult related industries
    • Auction websites or auction houses
    • Debt collection firms & debt purchasers
    • Direct marketers including mail order, fundraising, telemarketing, direct-mail etc.
    • Financial institutions and lenders
    • {Firearm businesses
    • Foreign currency exchange solutions
    • Customs clearing houses & freight forwarding
    • Anything gambling related
    • Not-for-profit organisations, charities and churches etc
    • Smash repairers & panel beaters
    • Pawn shops & pawnbrokers
    • Property development
    • Shares, stockbrokers or investment businesses
    • Tattoo studios
    • Ride-sharing or taxi services
    • Ticket resellers & entertainment sales
    • Vehicle towing services
    • Used automotive dealers
    • Automotive glass tintingfirms
    • Vehicle wrecking yards

    We can’t assist with an unsecure business loan for the above industries, we might be able to help you by providing the secured business loan.

    NZ Business Loan Brokers Services

    Unsecured Business Loans

    Unsecured Business Loans

    Eligibility Requirements

    Eligibility Requirements

    Apply Now

    Apply Now

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    Contact Us

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    0800 102 591






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