A Postans unsecured business loan is simple and quick in applying for. Request a quick approval and use the money to grow your business.
What to expect:
The conditions for eligibility for an unsecured business loan to be made in Postans are fairly minimal.
Call Now 1300 275 411Applying for an business loans in Postans with us is easy and takes just a few minutes, no lengthy forms or lines.
Receive approval and cash within 1 – 2 business days.
We are aiming to assist Postans companies of all sorts small, medium even solopreneurs to access funding fast so they can take advantage of loans to build and expand their business.
The eligibility requirements for an unsecured business loan in Postans of between $5K and $100K is fairly low.
Looking for more funding? Check out the guidelines for eligibility for our $100K to $500K company loan.
The eligibility requirements of the larger Postans company loans of between $100K and $500K consist of:
Are you looking for a lower amount of funding? Find out the conditions for eligibility for our $5K to $100K Postans unsecured business loans.
A Postans unsecured loan is perfect for almost any business purpose. Call us now.
Do you want to start working on one of these options as early as tomorrow? So, contact us now or apply online to apply the fastest, most convenient way.
All that is needed for starting is your contact details (the name of your company, your name, email and telephone) and the amount you want to borrow, and your monthly income.
In the course of the process and before settlement we will need confirmation of your identity, but not for starting:
In addition, once we have started in the process, for loans greater than $150,000 you’ll need basic financial statements:
Let’s get started now.
In the wake of traditional lenders and banks tightening credit conditions, the steady stream of non-bank and alternative loan providers entering the market provides an excellent source for you to make use of.
Postans SME’s are now capable of accessing finance through alternative lenders that service Postans who are focused on enabling company growth or smoothing out cash flow challenges. The past was when individual credit providers (drawing equity from the house loan, or using credit cards, personal loans and the overdraft) could be the best alternative financing solutions within Postans that were around.
There is now no need for you to depend on using real estate to secure company loans. With an unsecured loan, business funding is simple. Instead of a loan for a term with the bank, business finance for a small company with interest rates and loan terms that can help in cash flow are around as business loan options.
There are many advantages associated in separating personal from business debt.
Limit your exposure, and make tax times more simple, apply for an unsecure company loan. Make an application today.
One major benefit of keeping your individual and business assets apart can be that your house does not have to be tied for access to the money. For a small business loan within Postans up to $100K asset security won’t be required as long as the borrower is able to meet the loan requirements.
Companies will be in a stable long-term position when they are able to demonstrate credit/debt capacity to pay.
It is crucial to separate personal from company finances makes it significantly more straightforward when it comes to tax time, particularly when identifying what is the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has outlined the guidelines for the documentation required in order to deduct deductions from an individual’s tax return. This is an area where the IRD has advised specifically on.
A well-organised cash flow management system is crucial to the long-term survival that of any company. By keeping your personal finances and company finance separate, companies can easily view their cash flow, plan and monitor it based on their ability to accurately assess their cash flow position.
Postans unsecured loans offers amounts between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow-friendly repayments that are either per day or weekly.
Apply for this Small Business Loan in under 10 minutes over the phone. You’ll get a same day response and have the funds available in just 24 hours. Traditional company loans have an annual rate of interest plus other fees and charges. We offer a business loan is an upfront priced loan so you will be aware in advance of the total amount to be paid, including any fees, charges or charges. Then, it is broken down into either weekly or daily repayment figure.
The Small Business Loan can be used for virtually any business purpose including managing cash flows, company improvements, advertising to purchase inventory or new equipment, or as general working capital, and much more. The loan is not available for personal use.
The Larger Business Loan is a larger loan size to support business growth opportunities. The loan ranges from $100,000 to $500,000 with a term fixed for up to 36 months. The repayments are made weekly or fortnightly depending on the flow of cash.
This Larger Business Loan has an Origination Fee, determined at 2.5% of the amount of the loan.
In order to be eligible for a loan of this size the company needs to have been in operation for at least 3 years, and have an annual income of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.
A Business Loan of a larger size is a great option for almost any company reason, such as company renovations, to purchase inventory or new equipment as well as for general working capital, and much more. The loan cannot be used for personal reasons.
Asset security is required for accessing funds over $150,000. It’s as a result of an charge on assets, and could include the registration of this with the PPSR or the registration of as a caveat.
A director’s or personal ensure is a promise to repay credit that is general in nature, rather than stipulating the security for a particular asset. The person signing the ensure is personally accountable if the company borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It records security interests that have been registered in respect of personal property (including goods or assets). The PPSR allows prioritisation over property that is personal to be granted depending on the date that a registration of a security interest.
The caveat can be described as a formal document filed to provide notice of a legal claim on a property.
If you’re requesting an enterprise loan of $250K or more we may be able to provide an initial pre-approval that will help make the process. We may be able to get this done without a credit check and within 6 hours of your initial application. This pre-approval is made based on an initial assessment, which involves you answering a few financial health questions. It is in no way an offer, nor is it a guarantee of funds. Acceptance without condition is subject to a full credit assessment and any offer that you might receive could have different conditions.
You can apply for an business loan if you
The process for applying is fast and easy. Just complete the online application in few minutes and an experienced business lending specialist will call you to help you.
To apply for up to $100,000 you’ll need proof of identity (valid Driver’s Licence) and an active NZBN/IRD, and at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K – $250K: Details of application, including credit consent, 6 – 12 months of bank statements, IRD statement (if credit is over $150K).
$250K – $500K: Details for application including credit consent twelve months of bank statements, IRD statement Last 2 years’ finalised financial statements, in addition to interim current financial year financials including Aged Payables, Aged Receivables reports.
For an unsecured loan ($5K and up) we usually provide an answer within one hour – as long as you make your application within standard company time and allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you decide to upload copies of your bank statement, we’ll provide the decision within one company day.
For Larger Business Loans ($100K to $500K) we may be in a position to provide you with conditional pre-approval in around six hours. After you’ve signed your pre-approval, the turnaround time is around 2-3 days for final approval, however it could be faster based on the specifics of each application. Some deals have been approved in just 24 hours.
The most effective method would be to make sure you apply during standard business hours. You can also allow us to use the advanced bank verification system link to instantly confirm your bank details online. If you decide to send us documents from your account accounts, it takes a bit longer.
For the Small Business Loan ($5K to $100K) we usually provide an answer within an hour if you submit your request during standard business hours and let us make use of the advanced bank verification system link to instantly verify your bank details online. If you want to send us copies of your bank statements we can offer an answer in as little as one business day.
If you are applying for Larger Business Loans ($100K or more) We may be likely to provide you with pre-approval conditional to your application within about six hours. Once you have signed the pre-approval document, you will require to wait around 2-3 days for final approval. However, this could be shorter based on the particular circumstances of each application. Some agreements have been approved within just 24 hours.
The most efficient method for you to apply is ensure you apply during normal business hours. You can also allow us to use the advance bank verification link to instantly verify your bank account information online. If you choose to upload documents from your account statement, it may take a bit longer.
We offer loans that range from $5,000 to $500,000. If you apply for a specific amount we take into consideration a range of aspects for determining the health of your company and the extent of repayments that your company can afford. The amount you receive from your loan will be contingent on the specific circumstances for your company.
When you apply for a certain amount, we consider a variety of factors to assess how much we can lend you such as health of your business and the level of repayments that your business can support. The total amount of your loan will depend on the specific circumstances for your company.
When you apply for business loans with us company financing, we’ll assess the risk assessment that you have for your company and offer you with a tailored offer that includes the loan amount, the terms and interest rates. The company loan is an upfront priced loan which means you know in advance the total amount to be paid, including any charges, interest rates or fees.
The interest rates on company loans rates depend on a variety of factors including the amount borrowed, the business assets the money will be used for in addition to the industry that the company operates in, how long the company is in operation and what percentage of the company has sufficient cash flow to cover the loan, and the overall health or creditworthiness of the business.
There aren’t any hidden charges with our business loans, and you’ll be aware of the amount you’ll be required to pay, and when, right from the day you sign up. There’s no compounding interest and the loan comes with no additional fees (as as long as you pay your payments in time).
We do not charge an Application Fee. You are able to apply for a loan with no upfront cost or the obligation to take action.
The Origination Fee covers the costs associated in establishing and managing the loan. This is only a fee if you decide to take the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.
You can decide to repay the entire amount of your advance loan at any time.
If you decide to pursue this option, please speak to our friendly company loan professionals. We will offer you with details on repayment and an early payment figure. This will be calculated as the sum of the principal amount remaining and any accrued interest at the time of early payment plus 1.5 percent of the principal remaining plus any outstanding fees.
In order to help you avoid missing repayments and to fit in your cash flow schedule, we offer repayments that are either daily or weekly. These are automatically withdrawn from your designated company account.
The security of your personal information, as well as making it clear how we collect information, use it, and exchange it, as well as safeguard your data, is of paramount importance and a vital aspect of our relationship with you.
Yes. We make use of industry-standard encryption standards to protect your personal, sensitive and financial data and our funders are ISO 27001 qualified for our dedication to customer security and security. We use an advanced bank verification system link to immediately verify the bank account details online. This allows us to offer quick responses.
Asset-based borrowing is when a business owner uses the assets they have to make the funding. The asset can be either an individual asset, such as the family home, or it could be a business asset such as a vehicle or other piece of machinery.
The vast majority of the lenders including the major banks, prefer to secure loans against an asset. If you’re having trouble paying back the loan, then your assets could be sold by the lender. In essence, it is a way of securing new financing making use of the value of what you already own.
For loans up to $150,000 the requirement for asset security is not required prior to the loan’s access but we do need a personal guarantee. So long as you comply with the loan terms (as detailed in your loan contract) Asset security will never be required. For loans of over $150,000 generally, there is an individual guarantee and security in the form an asset charge.
Although we cannot assist with an unsecure business loan in these industries, we may be able to help you by providing secured business loan.
