Unsecured Business Loans North Harbour NZ

Today, You'll Have Everything You Need to Be Successful By Obtaining a North Harbour Business Loan

Unsecured Business Loans North Harbour

A North Harbour unsecured business loan is easy and quick to apply for. Request a quick approval and use the money to grow your company.

  • Could additional funds assist your business in working capital, or in achieving the potential for growth?
  • What are the very best ways to finance your business needs?

What you can expect:

  • Simple process to apply and get approved and the funds will be around as early as tomorrow
  • Optionally no reayments in the initial 4 weeks
  • The range of borrowing is from $5k to $500K.
  • Terms from 3 to 36 months
  • Competitive rates of interest prices
  • Minimal documentation needed

The conditions for eligibility for an unsecured business loan for a business loan North Harbour are fairly minimal.

Business loans with interest rates and repayment terms as well as flexible repayment options to fit the needs of your company needs.
Business Lending Options
Business loans, in particular an unsecured business loan or line of credit to business funding require have no difficult procedure. Finance for a business in the shape of small business loans with an interest rates and repayment period that fits your business budget.
Business Lenders for Business Goals
I am now able to take vacation knowing that it is safe knowing that North Harbour business will run effortlessly.
Local Business Owner
I'm able to get my tax back to keep me on track.
Small Business Owner
I'm now able to finance the renovation of our fresh North Harbour resturant without having to take cash from other locations.
North Harbour Resturant Owner
I can now make beverages for clients with the very best equipment.
Cafe Owner
A simple loan application process with a generous loan limit, with minimal credit criteria and no requirement to submit a business plan. Don't use your personal credit card and company credit card to fund your business.
Unsecured Loans Made Simple
I'm now able to hire an specialist marketer to help me take my business to the next level.
Growing North Harbour Business
Unsecured Business Loan Service Provider

Fast Approval Process

The process of applying for an business financing in North Harbour with us is easy and takes just some minutes, without long lines of paperwork or waiting in line.

Get approved and receive your money within 1 – 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We are aiming to assist North Harbour businesses of all kinds, from small to medium-sized entrepreneurs to obtain funding fast so they can make use of the loan to expand and develop.

  • It begins with an easy online application or by phone
  • Flexible repayment terms that can be tailored to your company
  • Fast cash in just a day or two days
  • A team that wants to see you succeed as well as you business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in North Harbour of between $5K and $100K are pretty minimal.

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

Need more funds? Check out the eligibility requirements for our $100K-$500K business loan.

Here's How Others Have Benefited

Examples of Business Loans

After purchasing a pizza restaurant as well as two liquor stores 6-12 months prior, the new owners were seeking additional cash. The overall revenue was $500k per month. They were able to borrow $300K. This was then split as $100K per 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
With the busy Christmas time approaching, a clothing store needed additional working capital to buy more inventory and benefit from discounts offered by suppliers. They were able to borrow $20K for 12 months without collateral for their assets, and they had the funds in 24 hours.
Clothing Store
An interior designer saw an opportunity to increase the size of their company and required working capital in order to finance this expansion. With an annual revenue of $300K they borrowed $250K in 24 months. The turnaround time was just 2 days and all they needed to present were 12 months worth of banking statement IRD confirmation, IRD confirmation and trust deed.
Interior Designer
A restaurant owner wanted to open a second location and required funds to remodel. Their bank wasn't willing to help. Their typical monthly earnings was $50K, and they were able borrow $66K in 24 months. Turnaround was only 8 hours.
Restaurant Owner
A plumber who's been in business for 3 years, with $80K in monthly sales was in require of more funds. They were able to borrow $153K over a 36 month term. All that was required was 12 months of bank statement and confirmation of their status with IRD. The process was completed within an hour and the plumber received their additional working capital in their account soon afterward.
Plumber
Simple eligibility checklist

Larger North Harbour Business Loan Eligibility Criteria

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

  • Minimum of 3 years in business
  • A minimum of $700K annually in income
  • You must be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification proof
  • You should have a New Zealand bank as your main trading account
  • Bank statements for the last six months
  • Certain financial statements, such as Profit & Loss and the Aged Accounts Payable and Receivable

Do you require a smaller amount of capital? Check out the eligibility requirements for our $5K-$100K North Harbour unsecured company loans.

Business Lending for a Cash Injection

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

A North Harbour unsecured loan is ideal for nearly any company need. Contact us now.

  • Remodel or expand commercial properties
  • Hire more staff during busy periods
  • Increase stock levels to meet demand
  • Develop a new website, or boost your marketing
  • Consider investing in new equipment, tools or technology
  • Purchase extra stock to cover seasonal demand
  • Control cash flow fluctuations
  • And many more …

Are you looking to start one of these options as early as tomorrow? Then get in touch with us now or apply online for the quickjest fasted way.

Quick application checklist

What do you need to apply

All that is needed to start is your contact details (company name, your name, email and phone) as well as the amount you’d like to borrow and your monthly revenue.

While in the process and before settlement we will need confirmation of your identity, but not to get started:

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

Additionally after we get started with loans that exceed $150,000, you’ll need 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

    A business coach wanted to invest in a well-being and cosmetics business. With just over $12K in monthly revenue the business was able to borrow $24K over 24 months. This only required 12 months of bank statements and was done in only 8 hours.
    Business Coach
    A plumber who's worked in the business for three years and has the monthly revenue of $80K was looking for additional funding. They took out $153K on 36 months. All that was needed was 12 months of bank statements as well as confirmation of the status with IRD. The procedure was completed within a day and the plumber was able to access their working capital in their account shortly thereafter.
    Plumber
    The owner of a restaurant wanted to open a second location and needed funds for the installation. The bank was not interested in helping. Typical monthly revenue for them was $50K and they were able borrow $66K over 24 months. The turnaround time was 8 hours.
    Restaurant Owner
    The owner of a modest grocery store making $70K a month borrowed $76K over a 24 month period, with no payments for the first four weeks. This had a requirement of 12 months' bank statements. The time to turn around was just six hours from submitting the application to receiving the money.
    Grocery Store Small Business Loan
    When they purchased a pizza store and two liquor stores six to 12 months prior, the new owners were looking for more funds. The total revenue of the two stores was more than $500k per month. They were able to borrow $300K and split it into $100K per store with two different 24 and 36 months. No security over the owner's houses was needed.
    Owner of a Pizza Store & 2 Liquor Stores

    The lending landscape has changed

    With traditional lenders and banks restricting credit The steady flow of non-bank and alternative loan providers entering the market offers an incredible source to tap into.

    North Harbour SME’s are now being able to get finance from other lenders in North Harbour who are focused on facilitating company growth or smoothing cash flow challenges. In the past, the personal sources of credit (drawing equity from the house loan, or using credit cards and personal loans as well as overdrafts) could be the best alternative funding solutions for North Harbour that were around.

    There is now an end to the need of having to depend on the real estate market to secure company loan. With an unsecured loan, business funding is made simple. Instead of a loan for a term with banks, business finance for a small business with interest rates and loan terms that aid in cash flow are around as business lending options.

     

     

    High level summary

    Separate personal and business debt

    There are many benefits by separating personal and business debt.

    • Your home or other investments, aren’t tied up to allow access to funds
    • This business is in a more favourable position to build its own, solid credit history
    • It’s considerably more straightforward at tax time
    • Businesses are able to easily review their cash flow, monitor and plan based on being able to clearly determine their cash flow position

    Reduce your risk, make tax time simpler, start with an unsecure company loan, apply today.

    For those who like the detail

    Separate personal and business debt

    Risk

    One of the main benefits of keeping your individual and business assets separate is that your home isn’t tied to access the funds. For a small business loan in North Harbour up to $100K asset security won’t be required so in the event that the borrower has met their loan obligations.

    Credit history

    Companies will be in a favourable long-term financial position if they can show good credit and debt capacity to pay.

    Tax

    Separating personal and company finances makes it significantly more seamless in the event of tax time - particularly when determining the tax-deductible allocation. The IRD has laid out requirements for evidence for claiming deductions on an organisation’s tax return. This is an area that the IRD have specifically advised on.

    Cash flow

    Effective management of cash flows is crucial to the long-term success in any business. Through maintaining personal as well as company finances distinct, companies can easily view their cash flow, plan and monitor it based on their ability to accurately examine their cash flow.

    I'm able get my tax back in order.
    Small Business Owner
    I'm now able to hire an experienced marketer to help me help me take my company to the next stage of business growth.
    Growing Business
    I can now fund the remodel of our brand fresh North Harbour resturant without having to borrow cash from other resturants.
    North Harbour Resturant Owner
    I'm now able to go on time off knowing that the North Harbour business will run without a hitch.
    Local Business Owner
    Simple loan application procedure that comes with a high borrowing limit, minimal requirements for credit, and there is no need to create a business plan. You no longer need to use your personal credit card or company credit cards in order to finance your company.
    Unsecured Loans Made Simple
    Business loans, especially those that are unsecured business loan or line of credit for business funding require not be a stressfull process. Finance for a business in the shape of small business loans that have an interest rates and repayment schedule that fits the needs of your business financial needs.
    Business Lenders for Business Goals
    Business loans with interest rates and repayment terms as well as flexible repayment options to suit what your business needs.
    Business Lending Options
    I can now make espresso for clients using the best equipment.
    Cafe Owner
    FAQ: business lending & business loans for business owners

    Business Loans Frequently Ask Questions

    Details of The North Harbour Small Business Loans

    Tell me about the North Harbour Small Business Loans

    North Harbour unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 month and cash flow friendly repayments that are either per day or weekly.

    What is how is the Unsecured Loan different from a traditional company loan?

    You can apply to get the Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an immediate response, and have the funds in your account in 24 hours. Traditional company loans refer to an annual rate of interest as well as other fees and charges. Our company loan is an upfront priced loan therefore you’ll know ahead of time the total amount due, which includes any interest, fees or charges. This is then divided into weekly or daily repayment figure.

    What could be the Small Business Loan be used for?

    A Small Business Loan can be used for almost any business reason, such as managing cash flows, business improvements, advertising, to purchase inventory or new equipment, to fund general working capital, and much more. The loan is not available for personal purposes.

    About the Larger North Harbour Business Loans

    What is the Larger North Harbour Business Loan?

    The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans range from $100,000 to $500,000 over a fixed term that can last up to 36 months. Repayments are either weekly or fortnightly depending on the flow of cash.

    How is the Origination Fee determined?

    It is crucial to note that the Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the amount of the loan.

    Can I get the Larger Business Loan?

    To be eligible for a credit that is this large the business needs to have been in operation for at least 3 years and generate an annual revenue of $700,000. The applicant must also be 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 to demonstrate at minimum 12 months of continuous trading.

    What can I use the funding for?

    A larger company loan can be used to fund almost every business need, including company improvements, purchasing equipment or inventory, as general working capital and so much more. The loan is not available for personal purposes.

    Is the Larger Business Loan one that is secured?

    Asset security is required for funding of more than $150,000. It’s by way of charge on assets, and may be registered with the PPSR or making a caveat.

    A director’s or personal ensure is a commitment to repay credit that is generally based rather than stipulating the security for a particular asset. The person who signs the guarantee is personally responsible if the company creditor is unable to repay the debt.

    The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It records security interests that have been registered in respect of personal property (including goods or assets). The PPSR gives priority over personal property to be assigned according to the date the registration of a security interest.

    A caveat is a legal document filed to provide notice of a legal claim against a property.

    What is a pre-approval minus Credit Check?

    If you’re requesting a Larger Business Loan of $250K or more, we may offer an initial pre-approval that will help smooth out the process. We might be able to make this decision without a credit check, and within 6 hours of your initial application. This pre-approval is made based on an initial assessment, which involves answering a couple of financial health checks. It is neither an offer nor a guarantee of funds. Acceptance without condition is subject to an assessment of your creditworthiness and any offer that you receive could be based on different conditions.

    The application process

    Can I be eligible for funding?

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

    • are a New Zealand Citizen (or Permanent Resident)
    • are over 18 years, have a New Zealand company (with a valid NZBN/IRD)
    • you must demonstrate at minimum 6 months’ worth of transactions (for you to qualify for unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K up to $500K)

    How do I apply?

    The application process is simple and easy. Simply complete the online form within a couple minutes, and an experienced business lending specialist will call you to guide you.

    For a loan of up to $100,000 you’ll require identification details (valid Driver’s License) along with an active NZBN/IRD, and at least six months of bank statements.

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

    $100K – $250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
    $250K to $500K: Information on the application including credit consent and 12 months bank statement, an IRD statements, last 2 years finalised financial statements, as well as interim financials for the current financial year including Aged Payables, Aged Receivables summary.

    How fast will I get an answer?

    For an unsecured loan ($5K up to $100,000) we typically provide an answer within one hour – as long as you apply within quality business hours and you allow us to utilise the bank verification system link to instantly verify your bank’s information online. If you decide to submit copies of your bank statement, we’ll provide the decision in just one company day.

    If you are applying for a Larger Business Loan ($100K and up) we may be in a position to offer the conditional pre-approval within six hours. After you’ve signed the pre-approval form, it will take about 2-3 days for final approval. However, this could be shorter based on the particular circumstances of each application. Some deals have been approved within less than 24 hours.

    The most efficient method can be make sure you apply during standard business hours, and let us use the modern bank verification link to check your bank’s information online. If you opt to send us copies of your bank accounts, it takes a bit longer.

    How soon will I receive the cash?

    For the Small Business Loan ($5K and up) we typically provide an answer in just one hour if you make your application during standard business timings and you allow us to use the advanced bank verification system to instantly verify your bank’s information online. If you want to upload copies of your bank statements we can offer an answer in as little as one business day.

    For the Larger Business Loans ($100K to $500K) we might be able to provide the conditional pre-approval within 6 hours. Once you have signed the pre-approval form, it will take about 2-3 days for final approval, however this can be faster depending on the circumstances of each application. Some transactions have received approval in less than 24 hours.

    The fastest method would be to ensure you apply during standard business hours. You can also allow us to use the sophisticated bank verification link to instantly check your bank’s information online. If you upload the copies of bank accounts, it will take a little longer.

    How much can I borrow?

    We offer the loan amount between $5,000 to $500,000. When you make an application for a certain amount, we take into consideration a range of variables in order to assess your well-being that is your company and the extent of repayments that your company can support. The total amount of your loan will depend on the particular circumstances of your company.

    When you apply for a specific amount we will consider a number of aspects to assess how much we can lend you such as well-being for your company and the extent of the repayments your company is able to afford. The amount you receive from your loan will depend on the particulars that are unique to your company.

    Fees & repayments

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

    When you apply for our company financing, we’ll assess the risk assessment the business and provide you with a customised offer, including the loan amount, the terms and the interest rates. It is a company loan is an upfront-priced loan therefore you will know in advance the total amount due, which includes any charges or interest.

    What determines the rate that I’m charged?

    Interest rates for business loans rates vary due to variables like the amount to be borrowed, the company assets the funds are used to purchase as well as the field the company is operating in, how long the company has been in operation as well as how long the business has sufficient cash flow to fund the loan, and general well-being or creditworthiness of the company.

    What are the fees?

    There are no hidden fees for our company loans. You’ll know precisely how much you’ll be required to pay and when, right from the day you sign up. There’s no compounding and there are no additional charges (as long as you make your payments in time).

    We don’t charge an application fee. You can get a cash loan without any upfront costs or obligation to proceed.

    The Origination Fee covers the expenses involved with establishing and managing the loan. It is only charged for this fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.

    Can I pay out the loan in advance?

    You can choose to repay the total amount of your loan at any point in time.

    If you are deciding to pursue this option, please contact our helpful company lending specialists. The experts will provide you with the details of your repayment and an early payout figure. It will be calculated using the total of the principal amount remaining and any accrued interest at the time of the early payout in addition to 1.5% of the principal amount remaining and any fees that remain unpaid.

    What is the process for repayments?

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

    Security & privacy

    Will my information be secure?

    Security of your data, and making it clear the ways we gather information, use it, and exchange it, as well as safeguard your data, is vital and a vital aspect of our relationship with you.

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

    Yes. We make use of industry-standard encryption standards to secure your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our commitment to customer security and security. We employ an exceptionally sophisticated bank verification system link to immediately verify the bank account details online, allowing us to offer a fast response.

    About business loans

    What is asset-based borrowing (a secured loan)?

    Asset-based borrowing occurs when the company owner borrows from assets they own to make the loan. The asset can be an asset belonging to the personal, like the family home or an business asset such as a vehicle or piece of equipment.

    The vast majority of banks, not just the banks with the biggest size, prefer to make loans secured by assets. If you are having difficulty paying back the loan then the asset might be transferred to the lender. In essence it is the process of securing new financing using the value of what you already have.

    Are I need security to secure a company loan?

    Up to $150,000 in loans there is no requirement for asset security upfront to access the money however, we do require an individual guarantee. As long as you follow your loan obligations (as stipulated in your loan contract) Asset security will never be required. For loans that exceed $150K, generally, you can get an individual ensure and security in the form of the charge of assets.

    Industries we currently aren't able to help with

    • Adult related industries
    • Auction websites or auction houses
    • Debt purchasers or debt collection firms
    • Direct marketing such as mail order, fundraising, telemarketing, direct-mail etc.
    • Financial lenders or institutions
    • {Firearm businesses
    • Foreign currency exchange offerings
    • Customs clearing houses and freight forwarding
    • Gambling related industries
    • Not-for-profit organisations, charities and churches etc
    • Smash repairers & panel beaters
    • Pawnbrokers or pawn shops
    • Property development
    • Investment business, shares or stockbrokers
    • Tattoo studios
    • Ridesharing and taxi services
    • Ticket resellers and entertainment sales
    • Vehicle towing services
    • Used vehicle companies
    • Vehicle glass tintingservices
    • Vehicle dismantlers

    We can’t assist with an unsecured business loan for those 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

    Apply Now

    Apply Now

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    Contact Us

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    0800 102 591






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