A Three Kings unsecured business loan is simple and quick to obtain. Approve your loan in a matter of minutes and start using the funds in your company.
What to expect:
The criteria for eligibility for an unsecured business loan in Three Kings are fairly minimal.
Requesting an business credit for business in Three Kings with us is easy and takes only about a couple of minutes, there are no lengthy forms or lines.
Receive approval and cash within 1 – 2 company days.
Our focus is to assist Three Kings businesses of all types, whether small, medium or soloprenuers to get access to quick funding so that they can take advantage of loans to expand and develop.
The requirements for getting an unsecured business loan in Three Kings of between $5K and $100K are pretty minimal.
Need more funds? Take a look at the guidelines for eligibility for our $100K-$500K business loan.
The criteria for eligibility of larger Three Kings company loans of between $100K and $500K are:
Are you looking for a lower amount of money? Check out the eligibility requirements for our $5K-$100K Three Kings unsecured company loans.
A Three Kings unsecured loan is perfect for almost any business reason. Contact us now.
Are you looking to start one of these as soon as tomorrow? Contact us today or send an application online to apply the fastest, most convenient way.
All that’s needed to get started is your contact information (company name, your name, email address and phone) and the amount you’d like to borrow, as well as your monthly income.
Through the process and before settlement we will require confirmation of your identity but not to get started:
In addition, once we have started with loans that exceed $150,000, you’ll also need the following financial statements:
Let’s get started now.
With traditional lenders and banks tightening credit conditions, the steady stream of alternative and non-bank loan providers entering the market offers the perfect source for you to make use of.
Three Kings SME’s are now in a position to obtain finance via alternative lenders who service Three Kings who are focused on enabling business growth or smoothing out cash flow issues. In the past private credit options (drawing equity from a house loan, or using credit cards or personal loans, as well as overdrafts) was the sole alternative financing services in Three Kings that were around.
There is now there is no requirement to rely on using real estate to secure business lending. With an unsecured loan business financing is now easy. Instead of a loan for a term with the bank, business finance for an SME with interest rates and loan terms that can help in cash flow are around as business lending options.
There are many benefits with separating personal and business debt.
Limit your exposure, make your tax time much easier. Get started with an unsecured busines loan, apply today.
The main benefit of keeping your individual and business assets apart will be the fact that your home isn’t required to be tied to the funds. For a small business loan within Three Kings up to $100K an asset security agreement will not be required so long as the borrower fulfills the loan requirements.
Companies will be in a favourable long-term financial position if they are able to demonstrate credit/debt ability to service.
Separating personal and company financial accounts makes it more straightforward with regards to tax time - especially when it comes to determining the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the guidelines for the documentation required to be able to claim deductions on the tax return of a company. This is an area the IRD has specifically advised on.
Effective cash flow management is crucial to the long-term success in any company. Through maintaining personal as well as company finances distinct, companies can easily view their cash flow, plan and monitor it based on the ability to effectively assess their cash flow position.
Three Kings unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow friendly repayments that are either daily or weekly.
The application for your Small Business Loan in under 10 minutes on the phone. You’ll receive an immediate response, and the money could be on your account within 24 hours. Traditional company loans reference an annual rate of interest along with other charges and fees. We offer a company loan is a loan that is priced upfront so you will be aware in advance of the total amount due, which includes any fees, interest or charges. This is then broken down into a daily or weekly payment amount.
It is a Small Business Loan can be used for virtually every business need, such as the management of cash flow, company improvements, advertising to purchase inventory or new equipment, or as general working capital and so much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans range from $100,000 to $500,000 over a fixed term up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate your cash flow.
This Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the amount of the loan.
In order to be eligible for a loan of this size the company needs to be in operation for at least 3 years and generate an annual revenue of $700K. Your business must belong to 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 prove at minimum 12 months of continuous trading.
A large business loan can be used for nearly every business use, including business remodeling, buying inventory or new equipment, as general working capital, and much more. The loan is not available for personal purposes.
Asset security is needed for accessing funds over $150,000. It’s in the form of a charge against assets, and could include registration in the PPSR or registering a caveat.
A director’s or personal ensure is a commitment to repay a loan which is general in nature rather than stating security over an asset. The person signing the ensure is personally responsible if the business lender is not able to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It contains security interests that are registered for personal property (including goods or assets). The PPSR allows priority over personal property to be granted according to the date a security interest has been registered.
The caveat can be described as a formal document filed to offer the public notice of a legal claim to property.
If you’re applying for the Larger Business Loan that is greater than $250,000, we may offer an initial pre-approval in order to smooth out the process. It is possible to apply for this without credit checks and within 6 hours of the initial application. This pre-approval is made based on a preliminary assessment which includes the answer to a series of financial health questions. It is in no way an offer, nor is it a guarantee of financing. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer that you might receive could have different terms.
You can apply for a business loan if you;
The application process is quick and simple. Just complete the online application within a few minutes and a dedicated business loan specialist will be in touch to guide you through the process.
For a loan of up to $100,000 you’ll require proof of identity (valid Driver’s Licence) along with a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K – $250K: Application details including credit approval, 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 and 12 months of bank records, IRD statements Last 2 years’ finalised financial statements, in addition to interim financials for the current financial year including Aged Payables, Aged Receivables summary.
For an unsecured loan ($5K and up) we typically provide a response in one hour – as long as you make your application within quality business time and let us make use of the advanced bank verification system to instantly verify your bank’s information online. If you choose to upload copies of your bank statements , we’ll be able to offer a decision in as little as 1 company day.
For the Larger Business Loan ($100K or more) we could be able to offer you with a conditional pre-approval in about 6 hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval. However, this could be shorter based on the particular circumstances of each application. Some transactions have received approval within 24 hours.
The quickest method is to make sure you apply during normal company hours and allow us to use the advanced bank verification system to confirm your bank details online. If you send us duplicates of your banking accounts, it takes a bit longer.
For the Small Business Loan ($5K and up) we can often provide an answer within one hour if you submit your request at standard business time and allow us to utilise the advanced bank verification system link to instantly verify your bank details online. If you choose to upload copies of your bank statements we can offer a decision in as little as an business day.
If you are applying for Larger Business Loans ($100K to $500K) we might be likely to provide the conditional pre-approval in around 6 hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this can be faster depending on the specifics of each application. Certain deals have been approved within just 24 hours.
The fastest way for you to apply is make sure you apply during normal business hours and allow us to use the modern bank verification link to instantly confirm your bank details online. If you upload copies of your bank accounts, it can take a bit longer.
We offer loan amounts between $5,000 and $500,000. When you make an application for a certain amount, we will consider a number of elements that determine the well-being of your business and the level of repayments that your business will be able to support. The amount you receive from the loan will be determined by the particular circumstances the business.
When you submit an application for a specific amount we consider a variety of aspects to assess your health that is your company and the level of repayments your business can afford. The amount you receive from your loan will be determined by the particular circumstances the company.
When you apply for the company loan, we’ll assess the risk assessment the business and offer you with a tailored proposal that includes the amount of the loan, the duration and the interest rates. A business loan is an upfront-priced loan so you will be aware in advance of the total amount payable including any charges, interest rates or fees.
Business loan interest rates vary due to variables like the amount to be that is borrowed, what business assets the funds will be used for in addition to the industry that the business is in, how long the company has been in operation as well as what percentage of the business has enough cash flow to cover the loan, as well as the general health or financial standing of the company.
There aren’t any hidden costs with our business loans. You’ll know exactly how much you’ll need to pay and at what time, from the very first day. There’s no compounding interest, and no additional fees (as long as you are able to make your payments in time).
We don’t charge an application fee. You can apply for a loan no cost upfront or any obligation to sign up.
The Origination Fee covers the expenses involved with establishing and managing the loan. The only way to pay this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the loan amount.
You can decide to repay the total amount of your advance loan at any time.
If you decide to pursue this option, please talk to one of our helpful business credit specialists. They will provide you with repayment details along with an early payout estimate. The figure will be calculated as the sum of the principal remaining and the accrued interest up to the time of early payment in addition to 1.5 percent of the remaining principal and any outstanding fees.
To help you avoid missing due dates and also to be in line with your cash flow general, we provide repayments either daily or weekly. These are automatically deducted from your nominated business account.
The security of your personal information, as well as being clear about how we collect the information we collect, use, share and protect your information, is crucial and a vital element of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to the security of our clients as well as their privacy. We employ a highly sophisticated banking verification system to immediately verify your bank account information online. This allows us to offer quick responses.
The term “asset-based” refers to borrowing where a company owner borrows from assets they own to obtain the loan. The asset can be an individual asset, such as the family home, or it could be a company asset such as a vehicle or other piece of machinery.
The majority of lenders, not just the major banks, prefer to secure loans against an asset. If you’re struggling to pay back the loan, then your assets could be sold by the lender. In essence it’s a way of securing additional financing making use of the value of what you already own.
Up to $150,000 in loans the requirement for asset security is not required before you can access the money However, we require a personal guarantee. require an individual guarantee. In the event that you fulfill your loan commitments (as detailed in your loan contract) and you are able to meet your obligations, asset security is not required. For loans over $150,000 generally, there is a personal ensure and security in the form of the charge of assets.
Although we can’t help with an unsecured business loan in those industries, we might be able to assist you by providing an secured business loan.
