A Craigie unsecured business loan is easy and quick to apply for. Request a quick approval and begin using the money to grow your company.
What to expect:
The criteria for eligibility for an unsecured business loan in Craigie are fairly minimal.
Call Now 1300 275 411Applying for a company financing within Craigie with us is easy and takes just less than a minute, with no mountains of paperwork or queues.
Be approved and receive your funds within 1-2 business days.
We are aiming to assist Craigie businesses of all types, whether small, medium or entrepreneurs to obtain funds quickly so that they can use the loan to grow and build.
The criteria for eligibility for an unsecured business loan in Craigie of between $5K and $100K are pretty minimal.
Need more funds? Take a look at the eligibility requirements for our $100K-$500K company credit.
The criteria to be eligible for loans from larger Craigie company loans of between $100K to $500K comprise:
Do you require a smaller amount of funds? Look over the eligibility requirements for our $5K to $100K Craigie unsecured company loans.
A Craigie unsecured loan is great to use for every company reason. Call us now.
Do you want to start working on one of these as soon as tomorrow? Get in touch with us today or send an application online to apply the fastest, most convenient way.
All that is needed to begin 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.
During the process and before settlement we will need confirmation of your identity but not for starting:
Additionally after we get started, for loans over $150,000 you’ll also need the following financial statements:
Let’s get started now.
With traditional and bank lenders tightening credit conditions, the steady stream of non-bank and alternative loan providers entering the market provides the perfect source for you to take advantage of.
Craigie SME’s are now capable of accessing finance through alternative lenders that service Craigie who are focused on enabling company growth or smoothing out the cash flow problems. In the past, when the personal sources of credit (drawing equity from a house loan or credit cards, personal loans and credit cards) provided the most viable alternative financing solutions for Craigie that were around.
There’s there is no need for you to rely on real estate to secure business loans. With an unsecured loan, business financing is now easy. Instead of a term loan with a bank, business finance for an SME with interest rates and loan terms that help with cash flow is available as business lending options.
There are many benefits by separating personal and business debt.
Reduce your risk, make your tax time simpler, start with an unsecure loan for business. Make an application today.
One major benefit of keeping your individual and company assets separate can be that your house does not have to be tied to access the funds. For a small business loan in Craigie up to $100K the security of assets won’t be needed as long as the borrower is able to meet the loan requirements.
Businesses will be in a favourable long-term financial position if they have a good credit or debt capability.
A separation between personal and company finances makes it more seamless in the event of tax time - especially when it comes to determining the tax-deductible allocation. The IRD has set out the guidelines on the proof required to claim deductions on a business’s tax return. This is an area where the IRD has specifically advised on.
Effective management of cash flows is key for the longevity that of any business. By keeping your personal finances and company finances distinct, businesses can easily view how they are performing, monitor and plan on the ability to effectively assess their cash flow position.
Craigie unsecured loans offers the range of $5,000 to $100,000. The terms range between 3 and 24 months, cash flow friendly repayments that are either per day or weekly.
Apply to your Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an answer within the same day and the funds could be in your account in 24 hours. Traditional company loans are based on an annual interest rate as well as other fees and charges. This company loan is a loan that is priced upfront which means you know in advance the total amount due, which includes the interest, fees and charges. Then, it is divided into weekly or daily amount to be paid back.
The Small Business Loan can be used for almost any business reason, such as control of cash flow company remodeling, marketing for purchasing inventory or new equipment, for general working capital, and much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger loan size to support business expansion opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term for up to 36 months. Repayments are scheduled weekly or fortnightly to work with your cash flow.
A Larger Business Loan has an Origination Fee, which is determined at 2.5% of the loan amount.
To qualify for a loan in this amount the business needs to be in operation for at least 3 years and generate an annual revenue of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.
A Business Loan of a larger size can be used for nearly any business use, including business renovations, purchase of new equipment or inventory for general working capital and much more. The loan is not available for personal purposes.
Asset security is necessary to obtain funding above $150,000. It is usually as a result of an charge on assets, and could be registered with the PPSR or the registration of a caveat.
A director’s or personal guarantee is a promise to repay a loan which is generally in nature rather than stipulating the security of a specific asset. The person signing the ensure is personally liable if the business borrower is unable to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It reflects security interests that are registered for personal property (including objects or assets). The PPSR allows the priority of personal property assigned according to the date a security interest has been registered.
A caveat is a legal document lodged to provide notice of a legal claim against a property.
If you’re applying for the Larger Business Loan of $250,000 or more, we may offer an initial pre-approval that will help make the process. We could be able to apply for this without credit checks and within 6 hours of the initial application. The pre-approval process is based on a preliminary assessment which includes you answering some financial health checks. It’s neither an offer nor a guarantee of credit. Acceptance without condition is subject to an assessment of your creditworthiness and any offer that you might receive could have different conditions.
You may be eligible for an company loan if you;
The application process is quick and easy. Just fill out the online application in few minutes and a dedicated company credit specialist will contact you to assist you.
To be eligible for up to $100,000 you’ll require ID details (valid Driver’s Licence) as well as an active NZBN/IRD, and at least 6 months of bank statements.
For larger loan sizes, you’ll require:
$100K – $250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Information on the application including credit consent as well as 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, plus interim current financial year financials as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K up to $100,000) we typically provide a response in one hour, provided you make your application within quality business timings and permit us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you decide to submit copies of your bank statements we can provide a decision within just the span of one business day.
For the Larger Business Loan ($100K or more) we could be capable of offer you with conditional pre-approval in about 6 hours. Once you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval, however it could be faster based on the circumstances of each application. Some transactions have received approval within 24 hours.
The fastest way would be to make sure you apply during standard business hours, and allow us to use our advanced bank verification system link to confirm your bank details online. If you choose to send us the copies of bank statements it takes a bit longer.
For the Small Business Loan ($5K to $100K) we can often offer an answer in just one hour – as long as you submit your request at normal business hours and you allow us to make use of the advanced bank verification system to instantly verify your bank details online. If you choose to send us copies of your bank statements we can offer an answer in just one business day.
If you are applying for Larger Business Loans ($100K and up) we could be able to provide you with pre-approval conditional to your application within six hours. Once you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval, however it could be faster based on the particular circumstances of each application. Certain transactions have received approval within 24 hours.
The fastest method can be ensure you apply during standard business hours and allow us to use the advanced bank verification system to instantly check your bank’s information online. If you opt to upload copies of your bank statement, it takes a bit longer.
We offer the loan amount between $5,000 to $500,000. When you make an application for a particular amount, we will consider a number of factors that determine your health of your business and the amount of repayments your company will be able to support. The amount you receive from your loan will depend on the particular circumstances that are unique to your business.
If you apply for a set amount, we consider a variety of aspects to assess the health of your business and the level of repayments your company is able to afford. The amount you receive from your loan will be contingent on the particular circumstances the business.
When you request the company financing, we’ll assess the risk assessment for your business and provide you with a tailored proposal that includes the loan amount, the terms and interest rates. This company loan is a loan that is priced upfront therefore you will be aware of the total amount due, which includes any charges or interest.
Interest rates for business loans rates vary due to factors like the amount of money that is borrowed, what business assets the funds are used to purchase in addition to the industry that the company is in, how long the business has been operating as well as in the event that the business has sufficient cash flow to cover the loan, and also the general well-being as well as creditworthiness company.
There aren’t any hidden charges with our business loans. You’ll know precisely what you’ll be required to pay, and when, starting from day one. There’s not any compounding interest and no additional fees (as long as you make your payments punctually).
We don’t charge an Application Fee. You are able to get a cash loan with absolutely no upfront cost and no any obligation to sign up.
The Origination Fee covers the costs associated in establishing and managing the loan. It is only charged for this fee if you proceed with the loan. Our Origination Fee is 2.5% of the amount of loan.
You can decide to repay all of your loan at any point in time.
If you do decide to take this route, please contact our helpful company loan specialists. They’ll provide you with details for repayment along with an early payout estimate. This is calculated as the sum of the principal remaining and the accrued interest up to the time of the early payout and 1.5% of the principal remaining plus any outstanding fees.
To ensure that you don’t miss payments and to work your cash flow schedule, we offer repayments either weekly or daily. They will be automatically deducted from your company account.
Security of your data, and knowing the ways we gather, use, exchange and ensure the security of your information is vital and is a crucial part of our relationship with you.
Yes. We utilise industry-recognised encryption techniques to protect your personal, sensitive financial information and our funders are ISO 27001 certified for our dedication to security for our clients and security. We employ an exceptionally sophisticated bank verification system to instantly verify the bank account details online to provide a fast response.
Asset-based borrowing occurs when the company owner uses an asset that they own to secure the funding. The asset may be a personal asset like the family home or a business asset such as a truck or piece or equipment.
The vast majority of lenders, including the big banks, tend to make loans secured by an asset. If you are having difficulty paying back the loan then your assets could be offered for sale by the lender. In essence, it’s a way of securing new financing by using the worth of the asset you already own.
For loans that exceed $150,000, the requirement for asset security is not required upfront to access the money, however we require a personal guarantee. require a personal guarantee. If you adhere to your loan commitments (as stated in your loan contract document), asset security is not needed. If you take out loans in excess of $150,000 generally there is a personal guarantee and security in the form an asset charge.
Although we cannot assist with an unsecure business loan for these types of industries, we may be able to help you with an secured business loan.
