A Postans unsecured business loan is simple and quick in applying for. Get a quick apporval and start using the funds in your business.
What you can expect:
The eligibility requirements for an unsecured business loan within Postans are fairly minimal.
Call Now 1300 275 411The process of applying for the business financing in Postans with us is simple and only takes some minutes, without piles of paperwork or long waits.
Approved and receive cash within 1 to 2 company days.
Our goal is to assist Postans companies of all kinds, including medium, small and even solopreneurs access money quickly, so that they can use the loan to grow and build.
The criteria for eligibility for an unsecured business loan in Postans of between $5K to $100K are quite minimal.
Are you looking for additional funding? Review the conditions of eligibility for our $100K to $500K company loan.
The requirements for eligibility in the larger Postans company loans of between $100K and $500K are:
Do you need a smaller amount of capital? Take a look at the guidelines for eligibility for our $5K to $100K Postans unsecured company loans.
A Postans unsecured loan is ideal for almost every business purpose. Contact us now.
Want to get started on one of these idea as quickly as tomorrow? Contact us today or send an application online for the quickjest fasted way.
All you need to start is your contact information (company name, your name, email, phone) as well as the amount you’d like to lend, and your monthly revenue.
While in the process and before settlement we will require confirmation of your identity however, not in order to begin:
In addition, once we have started, for loans greater than $150,000 you’ll also require fundamental financial statements:
Let’s get started now.
With banks and traditional lenders tightening credit conditions The steady flow of alternative and non-bank loan providers entering the market provides an excellent source for you to tap into.
Postans SME’s are now in a position to obtain finance via alternative lenders who service Postans who are focused on enabling business expansion or smoothing out cash flow challenges. In the past, private credit options (drawing equity from a house loan or credit cards or personal loans, as well as loans) provided the most viable alternative financing solutions available in Postans that were around.
There’s not a requirement to rely on the real estate market to secure company lending. With an unsecured loan, business funding is made simple. Instead of a term loan with banks, business finance for a small company with interest rates and loan terms that help to manage cash flow are around as business lending options.
There are many benefits with separating personal and business debt.
Reduce your risk, make your tax time more simple, apply for an unsecure busines loan. Make an application today.
One major benefit of keeping your individual and business assets separate will be the fact that your house isn’t tied to allow access to the funds. If you’re looking for a small business loan within Postans up to $100K an asset security agreement will not be needed as long as the borrower fulfills the loan requirements.
Businesses will be in a favourable long-term financial position if they are able to demonstrate credit/debt capability.
A separation between personal and business financial accounts makes it more seamless when it comes to tax time, particularly when determining what is the tax-deductible amount. The IRD has laid out guidelines for the documentation required to be able to claim deductions on an organisation’s tax return. This is an area where the IRD have specifically advised on.
A well-organised cash flow management system is crucial to the longevity that of any business. By keeping personal and company finance separate, companies can easily view how they are performing, monitor and plan on the ability to clearly evaluate their cash flow situation.
Postans unsecured loans provides the range of $5,000 to $100,000, with terms ranging from 3 and 24 months, cash flow-friendly repayments that are either per day or weekly.
You can apply for your Small Business Loan in under 10 minutes by phone. You will receive a same day response and the money could be available in just 24 hours. Traditional business loans refer to an annual interest rate together with additional fees and charges. We offer a company loan is a cash-based loan which means you know ahead of time the total amount to be paid, including any fees, charges or charges. This is then broken down into either a daily or weekly installment amount.
A Small Business Loan can be used for nearly every company use, including cash flow management, business remodels and marketing to purchase inventory, new equipment, or as general working capital and so much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger loan size to support company growth opportunities. Loans are between $100,000 and $500,000 over a fixed term for up to 36 months. The repayments are made weekly or fortnightly, depending on your cash flow.
A Larger Business Loan has an Origination Fee that is determined at 2.5% of the amount of the loan.
To be eligible for a loan that is this large, your business needs to have been in operation for at least 3 years, and have an annual income of $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of continuous trading.
A Business Loan of a larger size is a great option for almost any company use, including company improvements, purchasing equipment or inventory or as general working capital, and much more. The loan is not available for personal reasons.
Asset security is required for accessing funds over $150,000. It is usually in the form of a charge on assets and can include registering this on the PPSR or filing a caveat.
A director’s or personal ensure is a commitment to pay off a credit line that is generally in nature rather than defining the security of a specific asset. The person who signs the ensure is personally accountable if the business the borrower fails to make the repayment.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including the assets or goods). The PPSR grants prioritisation over property that is personal to be assigned depending on the date that a security interest was registered.
The caveat can be described as a formal document that is filed to provide an official notice of a claim to property.
If you’re requesting an enterprise loan of more than $250K it is possible to offer an initial pre-approval in order to simplify the process. We may be able to do this without a credit check, and within six hours of your initial application. This pre-approval is made based on an initial evaluation that involves answering a couple of financial well-being checks. It is not an offer or guarantee of credit. The approval of a conditional loan is subject to an extensive credit evaluation and any offer you receive could be subject to different conditions.
You are eligible to apply for a company loan if you
The application process is quick and easy. Simply complete the online form in just a few minutes, and a dedicated company loan specialist will contact you to guide you through the process.
For a loan of up to $100,000, you’ll require identification details (valid Driver’s Licence), an NZBN/IRD that is valid and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll also need:
$100K to $250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K to $500K: Details for application including credit consent as well as 12 months of bank records, IRD statement, last 2 years finalised financial statements, as well as interim current financial year financials, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K and up) We can usually provide an answer within one hour – as long as you submit your request at quality business times and you allow us to utilise the advanced bank verification system link to instantly verify your bank details online. If you want to upload copies of your banking statements , we will be able to offer a decision in just the span of one business day.
For the Larger Business Loan ($100K up to $500,000) we could be likely to provide you with pre-approval conditional to your application within about 6 hours. Once you have signed the pre-approval document, you will require to wait approximately 2-3 days to receive final approval. However, this can be quicker based on the particular circumstances of each application. Certain agreements have been approved within 24 hours.
The most effective method for you to apply is make sure you apply during normal business hours and allow us to use the modern bank verification to verify your bank account information online. If you choose to upload documents from your account accounts, it will take a little longer.
For the Small Business Loan ($5K or more) we typically provide an answer in just one hour if you submit your request during normal business times and permit us to use the advanced bank verification system to instantly verify your bank information online. If you opt to upload copies of your bank statements, we will be able to provide a decision in just 1 business day.
For Larger Business Loans ($100K up to $500,000) we might be likely to offer the conditional pre-approval within 6 hours. After you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, this could be shorter based on the specifics of each application. Some agreements have been approved in 24 hours.
The quickest method is to ensure you apply during normal business hours. Also, allow us to use the advanced bank verification system to verify your bank account information online. If you upload documents from your account accounts, it takes a bit longer.
We offer loans that range from $5,000 and $500,000. When you make an application for a certain amount we consider a variety of elements that determine the health of your company and the extent of repayments your business will be able to support. The total amount of the loan will be determined by the specific circumstances for your business.
When you make an application for a specific amount we look at a range of aspects to determine the health of your company and the level of repayments your business can afford. The total amount of your loan will be contingent on the particular circumstances that are unique to your company.
When you request our company credit, we’ll assess the risk assessment that you have for your company and provide you with a customised proposal that includes the loan amount, the terms and interest rates. A company loan is an upfront-priced loan and you’ll know in advance the total amount you will have to pay, including charges, interest rates or fees.
The interest rates on business loans rates depend on a variety of factors including the amount borrowed, what company assets the money will be used for as well as the field the business is in, how long the business has been in operation, in the event that the business has sufficient cash flow to fund the loan, as well as the general well-being as well as creditworthiness business.
There are no hidden fees with our business loans. You’ll know exactly how much you’ll need to pay, and when, right from day one. There’s no compounding interest, and there are no additional charges (as as you make your payments punctually).
We don’t charge an application fee. You are able to apply for a loan absolutely no upfront cost and no obligation to proceed.
The Origination Fee is the cost associated with establishing and managing the loan. This is only a cost if you take out the loan. Our Origination Fee is 2.5% of the loan amount.
You can choose to repay the entire amount of your loan at any point in time.
If you are deciding to pursue this option, please speak to our friendly business lending specialists. The experts will provide you with details on repayment and an early payout figure. This will be calculated as the sum of the remaining principal amount plus any accrued interest as of the time of early payment plus 1.5 percent of the principal balance as well as any outstanding fees.
In order to help you avoid missing payment dates and to align with your cash flow routine, we provide repayments either daily or weekly. These are automatically withdrawn from the nominated business account.
Security of your data, and making it clear the ways we gather the information we collect, use, share and ensure the security of your information is vital and a vital part of our relationship with you.
Yes. We employ industry-recognised encryption standards to secure your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our commitment to security for our customers and privacy. We utilise a sophisticated bank verification system to immediately confirm your bank account information online so we can offer an immediate response.
The term "asset-based" refers to borrowing where the company owner utilises an asset that they own to get the loan. The asset could be a personal asset like the family home, or it could be a company asset like a truck or piece of equipment.
The majority of lending institutions, not just the major banks, prefer to make loans secured by an asset. If you are having difficulty paying back the loan then your assets could be taken over by the lender. In essence, it is a way of securing new funding taking advantage of the value of what you already own.
Up to $150,000 in loans the requirement for asset security is not required upfront to access the money However, we do require an individual guarantee. As long as you follow the terms of your loan (as specified in the loan contract), asset security will never be needed. For loans that exceed $150K, typically, you will need personal guarantee and security that is in the form the charge of assets.
While we aren’t able to help with an unsecured business loan for these types of industries, we may be able to assist by providing the secured business loan.
