Unsecured Business Loans Whitby NZ

Today, You'll Be All Set For Success With a Whitby Business Loan

Unsecured Business Loans Whitby

A Whitby unsecured business loan is quick and simple to apply for. Request a quick approval and start using the funds in your company.

  • Could additional funds assist your business in working capital, or for the opportunity for growth?
  • How are you financing your company needs?

What you can expect:

  • Simple process to apply and receive approval and the funds will be around as early as tomorrow
  • There is no option to remittances in the initial 4 weeks
  • From $5k to $500K in loans
  • Terms ranging from 3 to 36 months
  • Competitive rates of interest rates
  • Minimal documentation

The criteria for eligibility for an unsecured business loan within Whitby are fairly minimal.

I can now fund the renovation of our modern Whitby resturant without having to borrow cash from other resturants.
Whitby Resturant Owner
Business business loans, interest rates and repayment conditions, and flexible repayment options to fit you business requirements.
Business Lending Options
I'm able to get my taxes back on time.
Small Business Owner
I'm now able employ an professional marketer to take my business to the next step.
Growing Whitby Business
I'm now able to go on vacation knowing that my Whitby business will run effortlessly.
Local Business Owner
A straightforward loan application process that comes with a high loan limit, with minimal requirements for credit and no need to provide a business plan. Stop using your personal credit card or business credit cards as a way to fund your business.
Unsecured Loans Made Simple
Business loans, especially an unsecured business loan or line of credit for business funding require have no tense process. Finance for a business in the shape of small business loans at a fixed interest rate and repayment term that is suitable for your business budget.
Business Lenders for Business Goals
I can now make coffee for my customers using the very best equipment.
Cafe Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Requesting business loans in Whitby business financing within Whitby with us is easy and takes only about a couple of minutes, there are no piles of paperwork or long waits.

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

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our purpose is to assist Whitby companies of all kinds, including medium, small and even entrepreneurs to obtain funding fast so they can take advantage of loans to expand and grow.

  • It starts with an easy online application or by phone
  • Flexible repayment terms to suit your business
  • Quick funding in a day or two days
  • A team that wants to see you succeed as well as you business to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • The minimum period of 6 months for which you must be in business
  • At least $6,000 in income per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or Driver’s License for evidence of identity
  • Use an account with a New Zealand bank as your principal trading account
  • Bank statements for the last six months

Looking for more funding? Check out the conditions of eligibility for our $100K-$500K company financing.

Here's How Others Have Benefited

Examples of Business Loans

A restaurant owner was wanting to open a second restaurant and needed funds for the installation. The bank was not interested in helping. Typical monthly revenue for them was $50K. They borrowed $66K in 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
A gym that was going for nearly 3 years wanted to grow and needed additional equipment. With monthly revenue of $37K they borrowed $72K over a 24 month period. There was no security requirement and the loan was settled in 24 hours.
Following the purchase of a pizza restaurant and two liquor stores six to 12 months earlier the new owners were seeking additional cash. The total revenue of the two stores was more than $500k per month. They could have borrowed $300K. The loan was split into $100K for each store using a mix of 24 and 36 month terms. There was no security on the owners' houses was required.
Owner of a Pizza Store & 2 Liquor Stores
The owner of a tiny grocery store doing $70K a month borrowed $76K over a 24-month term , without making any repayments for the first four weeks. This was contingent on 12 months of bank statements. The time to turn around was just six hours from the moment you applied to receiving the money.
Grocery Store Small Business Loan
An interior designer had noticed 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 24 months. The time to turn around for them was just two days, and all they had for them to present the required documents were twelve months' bank statement, IRD confirmation, and trust deed.
Interior Designer
Simple eligibility checklist

Larger Whitby Business Loan Eligibility Criteria

The eligibility requirements of larger Whitby company loans of between $100K and $500K are:

  • Minimum of 3 years in business
  • At least $700K in annual revenue
  • Be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for proof of identity
  • Have an account with a New Zealand bank as your principal trading account
  • Bank statements from the past six months
  • Some financial statements such and Profit & Loss as well as Aged Accounts Payable and Receivable

You are looking for a lesser amount of funds? Check out the guidelines for eligibility for our $5K to $100K Whitby unsecured company loans.

Business Lending for a Cash Injection

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

A Whitby unsecured loan is perfect to use for every company use. Call us now.

  • Renovate or expand commercial spaces
  • Staff expansion during busy periods
  • Increase stock levels to keep pace with demand
  • Build a new website or enhance your marketing
  • Put money into new equipment, tools , or new technologies
  • Make sure you have extra stock on hand to meet seasonal demand
  • Control cash flow fluctuations
  • Plus many more …

Want to get started on one of these projects as soon as tomorrow? Contact us now or apply 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 information (the name of your company and your name, as well as email and phone) and the amount you want to borrow, and your monthly revenue.

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

  • Idenfication details (valid Driver’s Licence)
  • Information about the business, including details on trading hours, ownership details , and the NZBN (New Zealand Business Number)

After we start in the process, for loans greater than $150,000 you will also need the following financial statements:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started.


Apply Now

    Please prove you are human by selecting the Truck.

    Here's How Others Have Benefited

    Examples of Business Loans

    With the busy Christmas season nearing, a clothing store required additional working capital to finance additional stock and also benefit from a supplier discount. They took out a loan of $20K over a period of 12 months, with no asset security required and had the funds in less than 24 hours.
    Clothing Store
    A business coach wanted to invest in the health and beauty business. With a little over 12K in revenue per month the company borrowed $24K over 24 months. This required the submission of 12 months' bank statement and was done in only 8 hours.
    Business Coach
    The owner of a tiny grocery store 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 turnaround time was only 6 hours from application to getting the funds.
    Grocery Store Small Business Loan
    A restaurant owner was wanting to open a second location and required funds to remodel. Their bank wasn't interested in helping. The average monthly income for them was $50K and they were able to get a loan of $66K in 24 months. The turnaround time was 8 hours.
    Restaurant Owner
    Acquiring a pizza place and 2 liquor stores 6-12 months earlier, the new owners were looking for more funds. The combined revenue was over $500k per month. They could have borrowed $300K. The loan was split into $100K for each store using the option of 24- and 36 month terms. There was no security on the owners' houses was required.
    Owner of a Pizza Store & 2 Liquor Stores

    The lending landscape has changed

    With traditional and bank lenders tightening their credit terms as well as the continuous stream of alternative and non-bank loan providers entering the market provides the perfect source to tap into.

    Whitby SME’s are now capable of accessing finance through alternative lenders that service Whitby who are focused on facilitating company expansion or smoothing cash flow challenges. In the past, when personal credit sources (drawing equity from a house loan, or by using credit cards or personal loans, as well as overdrafts) was the sole alternative financing services within Whitby that were around.

    There’s there is no need of having to rely on real estate to secure business lending. With an unsecured loan, business financing is now easy. Instead of a traditional term loan from a bank, business finance for an SME with interest rates and loan terms that can help in cash flow are available as business loans.



    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 tethered to allow access to funds
    • It is the business is in a more favourable place to develop its own, clear credit history
    • It is substantially more seamless at tax time
    • Businesses are able to easily review how they are performing, monitor and plan on being able to clearly examine their cash flow status

    Lower your risks, make your tax time simpler, start with an unsecure company loan. Make an application today.

    For those who like the detail

    Separate personal and business debt


    One big drawcard for keeping your individual and business assets apart can be that your home does not have to be tied to allow access to the funds. If you’re looking for a small business loan within Whitby up to $100K the security of assets won’t be required so long as the borrower fulfills the loan requirements.

    Credit history

    Companies will be in a favourable long-term position if they can demonstrate good credit/debt serviceability.


    A separation between personal and business financial accounts makes it more straightforward in the event of tax time - particularly when determining the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has laid out rules on the evidence required for claiming deductions on an organisation’s tax return. This is an area the IRD has advised specifically on.

    Cash flow

    A well-organised cash flow management system is crucial to the long-term success for any company. Through maintaining personal as well as business finance separate, businesses can easily view, monitor and plan based on their ability to accurately examine their cash flow.

    Business loans with interest rates and repayment terms and flexible repayment options that can be tailored to the needs of your business needs.
    Business Lending Options
    Business loans, specifically those that are unsecured business loan or line of credit to business funding require never be an tense process. Business finance is in the form of small business loans with an interest rate and repayment time which is compatible with your company liquidity.
    Business Lenders for Business Goals
    I can get my tax back in order.
    Small Business Owner
    Simple loan application procedure that comes with a high amount of borrowing capacity, a low requirements for credit, and no need to present a business plan. You no longer need to use your personal credit card and company credit cards as a way to fund your company.
    Unsecured Loans Made Simple
    I'm now able to finance the remodel of our brand new Whitby resturant without having to take cash from other resturants.
    Whitby Resturant Owner
    I'm now able employ a marketer to increase the success of my company to the next level of business growth.
    Growing Business
    I'm now able take a holiday knowing it is safe knowing that Whitby business will run without a hitch.
    Local Business Owner
    I'm now able make coffee for my clients with the best equipment.
    Cafe Owner
    FAQ: business lending & business loans for business owners

    Business Loans Frequently Ask Questions

    More about the Whitby Small Business Loans

    Tell me what you think of the Whitby Small Business Loans

    Whitby unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow-friendly repayments, which are either daily or weekly.

    What makes this Unsecured Loan different from the traditional company loan?

    The application to the Small Business Loan in under 10 minutes on the internet or by phone. You will receive a same day response and funds may be in your account in 24 hours. Traditional business loans refer to an interest rate per annum together with additional fees and charges. We offer a company loan is a loan that is priced upfront which means you know ahead of time the amount you will have to pay, including any fees, charges or charges. This is then broken down into either a daily or weekly payment amount.

    What can be the Small Business Loan be used for?

    The Small Business Loan can be used to fulfill almost every business reason, such as cash flow management, company renovations, marketing, to purchase inventory or new equipment, for general working capital and so much more. The loan is not available to fund personal expenses.

    About larger Whitby Business Loans

    What is the Larger Whitby Business Loan?

    The Larger Business Loan is a larger loan size to support company expansion opportunities. Loans range between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are scheduled weekly or fortnightly, depending on the flow of cash.

    How’s the Origination Fee determined?

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

    Do I qualify for the Larger Business Loan?

    In order to be eligible for a loan in this amount, your business needs to have been in operation for at least 3 years and have an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.

    What can the funding be used for?

    A Larger Business Loan can be used for nearly any company use, including company improvements, purchasing new equipment or inventory for general working capital and much more. The loan is not available for personal purposes.

    Is the Larger Business Loan one that is secured?

    Asset security is required for accessing funds over $150,000. It’s in the form of a charge against assets, and may include registering this through the PPSR or making as a caveat.

    A director’s or personal ensure is a guarantee to pay off a credit line that is generally in nature rather than defining security over an asset. The person who signs the guarantee is personally responsible if the company creditor is unable to re-pay the debt.

    The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including the assets or goods). The PPSR grants priority over personal property to be assigned according to the date a security interest that is registered.

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

    What is a pre-approval that does not require Credit Check?

    If you’re applying for a Larger Business Loan that exceeds $250K it’s possible to offer an initial pre-approval in order to smooth out the process. We could be able to make this decision without a credit check and within 6 hours of the initial application. This pre-approval is made based on an initial assessment, which involves the answer to a series of financial well-being questions. This is in no way an offer, nor is it a guarantee of credit. A conditional approval is subject a full credit assessment and any offer that you receive could be on different conditions.

    Application process

    Can I be eligible for funding?

    You may 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 business (with a valid NZBN/IRD)
    • must show at least six months of business (for you to qualify for unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K up to $500K)

    How do I apply?

    The application process is simple and simple. Just fill out the online application within a few minutes and a dedicated business loan specialist will contact you to guide you.

    To apply for up $100,000 you’ll need identification details (valid Driver’s Licence) and an NZBN/IRD that is valid and at least 6 months of bank statements.

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

    $100K-$250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if the loan is greater than $150K).
    $250K to $500K: Details of the application, including credit consent and 12 months of bank statements, IRD statements, last 2 years finalised financial statements, and interim current financial year financials, Aged Payables and Aged Receivables Summary.

    How soon will I hear a decision?

    For an unsecured loan ($5K and up) we can often offer an answer within one hour – as long as you submit your request within quality business timings and let us utilise the advanced bank verification system link to instantly verify your bank details online. If you choose to upload copies of your banking statements , we are able to offer an answer within one business day.

    For the Larger Business Loan ($100K up to $500,000) we may be able to provide the conditional pre-approval in about 6 hours. After you’ve signed the pre-approval document, you will require to wait approximately 2-3 days to receive final approval. However, this could be shorter based on the circumstances of each application. Some transactions have received approval in 24 hours.

    The fastest way can be ensure you apply during standard business hours. Also, allow us to use the advance bank verification link to instantly check your bank’s information online. If you upload duplicates of your banking statements it may take a bit longer.

    How fast will I get the money?

    For the Small Business Loan ($5K or more) we usually provide an answer within an hour if you make your application in standard business timings and allow us to make use of the advanced bank verification system to immediately verify your bank account information online. If you choose to upload copies of your bank statements we can offer an answer in just the span of one business day.

    For Larger Business Loans ($100K and up) we could be able to provide you with pre-approval conditional to your application within about 6 hours. Once you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this may be quicker depending on the particular circumstances of each application. Some offers have been approved within the space of 24 hours.

    The quickest method would be to make sure you apply during standard business hours, and allow us to use our advance bank verification link to verify your bank information online. If you opt to send us duplicates of your banking statements, it may take a bit longer.

    How much can I borrow?

    We provide loan amounts between $5,000 to $500,000. When you submit an application for a specific amount we look at a variety of elements for determining how much we can lend you well-being of your business and the extent of the repayments your business is able to afford. The total amount of your loan will depend on the specific circumstances the company.

    When you submit an application for a particular amount, we will consider a number of elements to assess your well-being of the business and the level of payments your company is able to afford. The total amount of your loan will depend on the specific circumstances for your company.

    Fees & repayments

    How much do you charge for an business loan?

    When you apply for the business credit, we will assess the risk assessment for your company and provide you with a tailored offer, including the amount of loan, the term and interest rates. It is a company loan is an upfront priced loan therefore you will be aware in advance of the total amount due, which includes any costs, fees, or interest rates.

    What determines the rate that I will be charged?

    Interest rates for business loans rates differ based on various factors such as the amount that is borrowed, what company assets the funds will be used for, the industry the business operates in, how long the business has been running as well as what percentage of the business has sufficient cash flow to support the loan, and also the general health as well as creditworthiness company.

    What are the charges?

    There aren’t any hidden costs with our company loans, and you’ll know exactly how much it is that you need to pay, and when, from the first day. There’s not any compounding interest and the loan comes with no additional fees (as long as you are able to make your payments on time).

    We don’t charge an Application Fee. You are able to make an application for loans with no upfront cost or 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 cost if you take out the loan. Our Origination Fee is 2.5 percentage of the loan amount.

    Can I pay off the loan in advance?

    You can repay all of your loan early at any time.

    If you do decide to take this route, please call our helpful company loans professionals. We will provide you with details for repayment along with an early payout estimate. It will be calculated using the total of the principal balance plus any accrued interest as of the time of the early payout plus 1.5 percent of the principal amount remaining and any outstanding fees.

    How do repayments work?

    In order to help you avoid missing payments and to work your cash flow schedule, we provide repayments either weekly or daily. These are automatically deducted from the nominated business account.

    Security & privacy

    Will my data be secure?

    Security of your data, and making it clear the ways we gather the information we collect, use, share and 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 use industry recognised encryption techniques to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our commitment to customer security and security. We use an advanced banking verification system to instantly confirm your bank account information online. This allows us to provide rapid response.

    About business loans

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

    An asset-based loan is when a company owner utilises an asset that they own to obtain the funding. The asset may be an asset belonging to the personal, like the family home or a company asset like a truck or other piece of machinery.

    The majority of banks, including the banks with the biggest size, prefer to guarantee loans against an asset. If you’re having trouble paying back the loan then the asset might be offered for sale by the lender. In essence it is a way of securing new funding using the worth of the asset you already own.

    Are I need security to secure a company loan?

    Up to $150K in loans it is not necessary to secure assets before you are able to access the money, however we do require the personal guarantee. As long as you follow your loan obligations (as detailed in your loan contract document) the security of assets will never be required. For loans over $150,000 generally there is personal guarantee and security that is in the form the charge of assets.

    Industries we currently aren't able to help with

    • Anything adult industry related
    • Auction websites & auction houses
    • Debt purchasers or debt collection agencies
    • Direct marketing such as telemarketing, fundraising, mail order, direct-mail etc.
    • Financial lenders or institutions
    • {Firearm related businesses
    • Foreign currency exchange offerings
    • Customs clearing houses & freight forwarding
    • Anything gambling related
    • Non-profit organisations such as charities, churches etc.
    • Panel beaters & smash repairers
    • Pawn shops or pawnbrokers
    • Property development
    • Investment business, shares & stockbrokers
    • Tattoo palours
    • Taxi or ridesharing services
    • Ticket resellers and entertainment sales
    • Towing services
    • Secondhand vehicle companies
    • Vehicle glass tinting
    • Vehicle dismantlers

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

    NZ Business Loan Brokers Services

    Unsecured Business Loans

    Unsecured Business Loans

    Eligibility Requirements

    Eligibility Requirements

    Apply Now

    Apply Now

    Contact Us

    Contact Us

    Contact Us

    Fill out the form below or Call Now
    0800 102 591

      Please prove you are human by selecting the Flag.