Unsecured Business Loans Korokoro NZ

Today, You'll Be On The Right Track To Success With a Korokoro Business Loan

Unsecured Business Loans Korokoro

A Korokoro unsecured business loan is simple and quick to obtain. Apply for a loan quickly and begin using the money in your company.

  • Are additional funds able to help your company in working capital, or to take advantage of the opportunity for growth?
  • What is the financing strategy you are using to fund your business requirements?

You can expect:

  • Simple process to apply and receive approval and the funds will be around as early as tomorrow
  • Optionally no reayments in the initial 4 weeks
  • From $5k to $500K in loans
  • Terms from 3 to 36 months
  • Competitive interest prices
  • Minimal docs needed

The conditions for eligibility for an unsecured business loan to be made in Korokoro are fairly minimal.

Business loan interest rates and repayment terms and flexible repayment options that can be tailored to you company needs.
Business Lending Options
Business loans, in particular an unsecured unsecured business loan or line of credit to business funding require not be a stressful process. Business finance in the form in the form of small business loans with an interest rates and repayment period that is suitable for your company liquidity.
Business Lenders for Business Goals
I can get my tax back on time.
Small Business Owner
I am now able to make espresso for customers using the best equipment.
Cafe Owner
I am now able to fund the renovation of our newly constructed Korokoro resturant without having to take cash from other ones.
Korokoro Resturant Owner
I'm now able to hire an experienced marketer to help me increase the success of my company to the next step.
Growing Korokoro Business
An easy loan application process that comes with a high amount of borrowing capacity, a low credit criteria 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 company.
Unsecured Loans Made Simple
I am now able to take vacation knowing that I am confident that my Korokoro business will run effortlessly.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for a business loan in Korokoro with us is easy and takes only less than a minute, with no long lines of paperwork or waiting in line.

Receive approval and cash within 1 – 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We want to assist Korokoro businesses of all types, whether small, medium or soloprenuers to get access to funding fast so they can take advantage of loans to expand and grow.

  • It all starts with a simple online application or phone call
  • Flexible repayment terms to suit your company
  • Fast cash in just a day or two
  • We want you and your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • Minimum of 6 months in business
  • At least $6,000 revenue per month
  • Be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for identification proof
  • Use an account with a New Zealand bank as your primary account for trading
  • Bank statements for the last six months

Are you looking for additional funding? Check out the eligibility requirements for our $100K to $500K business loans.

Here's How Other People 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 the growth. With a monthly revenue of $300K they borrowed $250K in 24 months. Turnaround time for them was only two days and all they had to present the required documents were twelve months' bank statement IRD confirmation, IRD confirmation and trust deed.
Interior Designer
A business coach wanted to invest in an well-being as well as beauty company. With a little over $12K in monthly revenues, they borrowed $24K over 24 months. This only required 12-month bank statement and was completed in less than 8 hours.
Business Coach
With the busy Christmas time nearing, a clothing store required additional working capital to purchase more stock and take advantage of discounts from suppliers. They secured $20K over the course of 12 months, with no security of assets required. They received the money in just 24 hours.
Clothing Store
The owner of a tiny 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. Turnaround time was just 6 hours from the moment you applied to receiving the money.
Grocery Store Small Business Loan
A restaurant owner was wanting to open a second location and needed money to fund the fit out. Their bank was not willing to help. The average monthly income for them was $50K and they borrowed $66K for 24 months. Turnaround was only 8 hours.
Restaurant Owner
Simple eligibility checklist

Larger Korokoro Business Loan Eligibility Criteria

The eligibility requirements for the larger Korokoro company loans of between $100K and $500K include:

  • Minimum of 3 years in business
  • A minimum of $700K annually in revenue
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification proof
  • Have an account at a New Zealand bank as your principal trading account
  • Bank statements from the last 6 months
  • Certain financial statements, such as Profit & Loss, and aged accounts Payable and Receivable

Do you require a smaller amount of funds? Find out the eligibility requirements for our $5K-$100K Korokoro unsecured company loans.

Business Lending for a Cash Injection

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

A Korokoro unsecured loan is perfect for virtually any company use. Get in touch with us today.

  • Expand or renovate a commercial premises
  • Staff expansion for busy times
  • Increase stock quantities to keep up with demand
  • Build a new website or enhance your marketing
  • Consider investing in new equipment, tools , or new technologies
  • Make sure you have extra stock on hand to meet seasonal demand
  • Control cash flow fluctuations
  • And many more …

Do you want to start working on one of these options as early as tomorrow? Contact us today or send an 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 and telephone) and the amount you’d like to borrow and your monthly earnings.

In the course of the process and before settlement we’ll need confirmation of your identity however, not in order to begin:

  • Idenfication details (valid Driver’s License)
  • Business details including trading time owner details, trading time, as well as the NZBN (New Zealand Business Number)

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

  • Profit & Loss 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

    The proprietor of a small grocery store doing $70K a month borrowed $76K over a 24 month term , without making any repayments during the initial 4 weeks. This was contingent on 12 months of bank statements. Turnaround time was just 6 hours from submitting the application to receiving the funds.
    Grocery Store Small Business Loan
    A restaurant owner was wanting to open a second restaurant and needed funds for the remodel. The bank was not willing to help. Their typical monthly earnings was $50K and they were able to get a loan of $66K in 24 months. Turnaround was only 8 hours.
    Restaurant Owner
    A plumber who has had business for three years with 80K in monthly sales was in search of additional funds. They took out a loan of $153K for 36 months. All that was required to be provided was 12 month bank statements as well as confirmation of their status with IRD. The process was completed in less than a day and the plumber was able to access their working capital in their account in a matter of hours.
    After purchasing a pizza restaurant and 2 liquor stores six to 12 months earlier, the new owners needed additional funds. The total revenue of the two stores was more than $500K per month . The owners could have borrowed $300K. This was then split as $100K for each store, with two different 24 and 36 month terms. There was no security on the owners' homes was required.
    Owner of a Pizza Store & 2 Liquor Stores
    A designer for interiors had seen an opportunity to increase the size of their business and needed working capital to fund this expansion. With an annual revenue of $300K they borrowed $250K over the course of 24 months. Their turnaround time was only 2 days, and all they needed for them to provide the required documents were twelve months' bank statements along with IRD confirmation and trust deed.
    Interior Designer

    The lending landscape has changed

    With banks and traditional lenders tightening their credit terms The steady flow of non-bank and alternative loan providers entering the market offers an excellent source for you to take advantage of.

    Korokoro SME’s are now in a position to obtain finance via other lenders in Korokoro who are focused on facilitating company expansion or smoothing the cash flow problems. In the past the personal sources of credit (drawing equity from the home loan or credit cards in addition to personal loans and overdrafts) provided the most viable alternative funding solutions available in Korokoro that were available.

    There’s not a requirement for you to depend on real estate to secure company loans. With an unsecured loan business funding is made simple. Instead of a loan for a term with a bank, business finance for a small business with interest rates and loan terms that can help to manage cash flow are around as business loans.



    High level summary

    Separate personal and business debt

    There are many benefits in separating personal from business debt.

    • Your home or other investment properties, aren’t held in order to access funds
    • It is the business will be in stronger position to create its own, clear credit history
    • It is substantially more seamless at tax time
    • Businesses are able to easily review their cash flow, monitor and plan based on the ability to clearly evaluate their cash flow situation

    Reduce your risk, and make tax times more simple, apply for an unsecured busines loan, apply today.

    For those who like the detail

    Separate personal and business debt


    The main benefit of keeping your personal and business assets apart will be the fact that your house does not have to be tied to allow access to the funds. For a modest business loan within Korokoro up to $100K asset security won’t be required as long as the borrower meets the loan requirements.

    Credit history

    Companies will be in a stable long-term position when they are able to demonstrate credit/debt ability to service.


    Separating personal and business finances makes it significantly more straightforward with regards to tax time, particularly when identifying what is the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has set out the 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.

    Cash flow

    A well-organised cash flow management system is essential to the long-term success for any company. Through keeping personal and business finances separate, companies can easily view, monitor and plan based on the ability to effectively assess their cash flow position.

    I'm now able to hire a marketing expert to help me take my business to the next stage of business growth.
    Growing Business
    I can now make beverages for clients using the very best equipment.
    Cafe Owner
    I'm now able take time off knowing that my Korokoro company will run without a hitch.
    Local Business Owner
    I'm now able fund the remodel of our brand new Korokoro resturant without having to take cash from other resturants.
    Korokoro Resturant Owner
    Business business loans, interest rates and repayment terms, as well as flexible repayment options to meet what your company requirements.
    Business Lending Options
    Business loans, particularly an unsecured unsecured business loan or line of credit for business financing need never be an stressful process. Business finance can be in the form of small business loans at a fixed interest rate cost, and with a repayment schedule that fits the requirements of your company financial needs.
    Business Lenders for Business Goals
    An easy loan application process with a generous limit on borrowing, no credit criteria and there is no need to provide a business plan. Do not use your personal credit card or business credit card to finance your business.
    Unsecured Loans Made Simple
    I'm able to get my tax back to keep me on track.
    Small Business Owner
    FAQ: business lending & business loans for business owners

    Business Loans Frequently Ask Questions

    Details of The Korokoro Small Business Loans

    Let me know about the Korokoro Small Business Loans

    Korokoro unsecured loans provides amounts 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.

    What makes how is the Unsecured Loan different from the traditional business loan?

    The application to this Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive an instant response and funds may be in your account in 24 hours. Traditional company loans have an interest rate per annum plus other fees and charges. We offer a company loan is an upfront priced loan therefore you’ll know ahead of time the total amount due, which includes any fees, interest or charges. This is then broken down into a daily or weekly repayment figure.

    What could the Small Business Loan be used for?

    It is a Small Business Loan can be used for nearly any business need, such as the management of cash flow, company remodeling, marketing for purchasing inventory or new equipment, to fund general working capital, and much more. The loan is not available for personal use.

    About larger Korokoro Business Loans

    What is the Larger Korokoro Business Loan?

    The Larger Business Loan is a larger amount of loan to help business expansion opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of that can last up to 36 months. Repayments are either weekly or fortnightly, depending on the flow of cash.

    How’s the Origination Fee determined?

    This Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the amount of the loan.

    Can I get the Larger Business Loan?

    To qualify for a loan of this size, your business needs to be trading for at least 3 years, and have an annual income of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.

    How can the funds be utilised?

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

    Is the Larger Business Loan one that requires security?

    Asset security is required to obtain funding above $150,000. It is usually as a result of an charge on assets and can be registered in the PPSR or making as a caveat.

    A personal or director’s guarantee is a commitment to repay credit that is general in nature, rather than defining the security for a particular asset. The person who signs the guarantee is personally accountable if the company creditor is unable to re-pay the debt.

    The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It lists security interests that are that are registered for personal property (including objects or assets). The PPSR permits preference over private property granted according to the date a security interest that is registered.

    Caveats are legal form of document to offer notice of a legal claim to a property.

    What exactly is a preapproval without Credit Check?

    When you’re applying for a Larger Business Loan that is greater than $250,000 we may be able to provide an initial pre-approval to simplify the process. We might be able to apply for this without a credit check, and within 6 hours of the initial application. This pre-approval is made based on an initial evaluation that involves you answering a few financial health checks. It is neither an offer nor a guarantee of finance. A conditional approval is subject a full credit assessment and any offer you might receive could have different conditions.

    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 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 a unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K or $500K)

    How do I apply?

    The process for applying is fast and simple. Simply complete the online form within a couple minutes, and an experienced company loan specialist will be in touch to guide you.

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

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

    $100K-$250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
    $250K-$500K: Application details including credit consent and 12 months of bank records, IRD statement Last 2 years’ finalised financial statements, and interim financial statements for the current year as well as Aged Payables and Receivables summaries.

    How soon will I hear an answer?

    For an unsecured loan ($5K to $100K) We can usually provide an answer within one hour – as long as you apply during quality company hours and allow us to utilise the advanced bank verification system to instantly verify your bank’s information online. If you opt to send us copies of your bank statements we can provide an answer in as little as 1 company day.

    If you are applying for a Larger Business Loan ($100K or more) we could be able to provide the conditional pre-approval in around six hours. After you’ve signed your pre-approval form, it will take approximately 2-3 days to receive final approval, however this could be shorter based on the circumstances of each application. Some deals have been approved within just 24 hours.

    The quickest method would be to ensure you apply during standard business hours and permit us to use the modern bank verification link to verify your bank account information online. If you opt to send us documents from your account statement, it takes a bit longer.

    How quickly will I receive the cash?

    For the Small Business Loan ($5K up to $100,000) we typically offer a response in one hour – as long as you apply within normal business time and you allow us to use the bank verification system link to instantly verify your bank information online. If you opt to upload copies of your banking statements we can offer a decision in as little as an business day.

    For the Larger Business Loans ($100K to $500K) we might be able to provide you with conditional pre-approval in around 6 hours. Once you have signed the pre-approval, turnaround times are around 2-3 days for final approval. However, this may be quicker depending on the circumstances of each application. Certain deals have been approved within 24 hours.

    The fastest method would be to make sure you apply during normal business hours, and allow us to use the modern bank verification to instantly verify your bank account information online. If you upload copies of your bank accounts, it will take a little longer.

    How much can I borrow?

    We provide loan amounts between $5,000 and $500,000. When you submit an application for a certain amount we take into consideration a range of aspects for determining your health that is your company as well as the amount of payments your company is able to afford. The amount you receive from your loan will be contingent on the specifics of your company.

    When you make an application for a certain amount, we will consider a number of variables to assess how much we can lend you such as health for your business as well as the amount of payments your business is able to afford. The amount you receive from your loan will be contingent on the particular circumstances the company.

    Fees & repayments

    How much do you charge for the cost of a company loan?

    When you request one of our business loan, we’ll assess the risk assessment that you have for your business and offer you with a customised offer, including loan amount, term and the interest rates. This company loan is an upfront priced loan so you will be aware of the total amount you will have to pay, including charges or interest.

    What is the basis for the rate I am charged?

    The interest rates on business loans rates vary due to factors such as the amount that is that is borrowed, what business assets the money are used to purchase and the sector the company operates in, how long the company has been running for, whether the business has sufficient cash flow to support the loan, and the overall well-being and creditworthiness of the business.

    What are the fees?

    There are no hidden costs for our business loans, and you’ll be aware of the amount it is that you need to pay and at what time, from the very first day. There’s no compounding interest and the loan comes with no additional fees (as as you make your payments in time).

    We don’t charge an Application Fee. You can apply for a loan with no upfront cost or the obligation to take action.

    The Origination Fee covers the expenses involved with the setting up and management of the loan. It is only charged for this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percent of the amount of loan.

    Can I pay off the loan in advance?

    You can decide to repay the total amount of your loan early at any time.

    If you are deciding to do this please contact our helpful business loans experts. They will offer you with the details of your repayment along with an early payout estimate. It will be calculated using the total of the principal remaining and accrued interest to the time of early payment plus 1.5 percent of the principal balance and any fees that remain unpaid.

    What is the process for repayments?

    To ensure that you don’t miss repayments and to fit in your cash flow schedule, we provide payments that are either daily or weekly. These are automatically deducted from your nominated company account.

    Security & privacy

    Will my data be secure?

    The security of your personal information, as well as being clear about the ways we gather information, use it, and exchange it, as well as protect your information, is of paramount importance and a vital element of our relationship with you.

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

    Yes. We utilise industry-recognised encryption protocols to safeguard your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our dedication to protecting the security of customers and privacy. We make use of an advanced bank verification system that allows you to immediately confirm your bank account information online so we can provide an immediate response.

    About business loans

    How do you define asset-based lending (a secured loan)?

    The term “asset-based” refers to borrowing where an business owner uses assets they own to obtain a loan. The asset may be an individual property, such as the family home, or a business asset like a truck or piece of equipment.

    The majority of banks, even the big banks, tend to guarantee loans against assets. If you are having difficulty paying back the loan then your asset may be offered for sale by the lender. In essence, it’s means of securing new financing using the value of what you already own.

    What do I require security to get a business loan?

    For loans that exceed $150K, there is no requirement for asset security before you are able to access the money but we do need the personal guarantee. If you adhere to the loan terms (as stipulated in your loan contract document) the security of assets will never be required. If you take out loans in excess of $150K typically, you will need the option of a personal ensure and security in the form of an asset charge.

    Industries we currently aren't able to help with

    • Adult related industries
    • Auction houses & auction websites
    • Debt purchasers & debt collection companies
    • Direct marketing such as direct-mail, mail order, fundraising, telemarketing etc.
    • Financial institutions or lenders
    • {Firearm businesses
    • Foreign currency exchange services
    • Freight forwarding and customs clearing houses
    • Business involved with gambling
    • Non-profit organisationsincluding charities, churches etc
    • Panel beaters & smash repairers
    • Pawn shops or pawnbrokers
    • Property development
    • Investment business, shares & stockbrokers
    • Tattoo palours
    • Taxi and ride sharing services
    • Entertainment sales & ticket resellers
    • Vehicle towing services
    • Used vehicle dealerships
    • Vehicle glass tintingcompanies
    • Vehicle dismantlers

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

    NZ Business Loan Brokers Services

    Unsecured Business Loans

    Unsecured Business Loans

    Eligibility Requirements

    Eligibility Requirements

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