A Postans unsecured business loan is easy and quick to obtain. Request a quick approval and start using the funds in your business.
What to expect:
The criteria for eligibility for an unsecured business loan within Postans are fairly minimal.
Call Now 1300 275 411Applying for business loans in Postans company financing in Postans with us is easy and takes just a few minutes, no piles of paperwork or long waits.
Be approved and receive your cash within 1-2 business days.
Our focus is to assist Postans companies of all sorts small, medium even entrepreneurs to obtain funding fast so they can utilise the loan to build and expand their business.
The requirements for obtaining an unsecured business loan in Postans of between $5K and $100K is fairly low.
Need more funds? Review the guidelines for eligibility for our $100K-$500K business loan.
The criteria for eligibility for loans from larger Postans company loans of between $100K and $500K consist of:
You are looking for a lesser amount of money? Find out the conditions for eligibility for our $5K-$100K Postans unsecured company loans.
A Postans unsecured loan is perfect for almost any company need. Contact us now.
Do you want to start working on one of these as soon as tomorrow? Then get in touch with us or apply online now for the quickjest fasted way.
All that’s required to begin is your contact information (company name, your name, email or phone number) as well as the amount you want to borrow, and your monthly revenue.
During the process and before settlement we will require confirmation of your identity but not to get started:
In addition, once we have started when it comes to loans over $150,000 you will also need basic financial statements:
Let’s get started.
With traditional lenders and banks restricting credit and the constant stream of non-bank and alternative loan providers that are entering the market provides an incredible source to take advantage of.
Postans SME’s are now in a position to obtain finance via other lenders in Postans who are focused on enabling company growth or smoothing the cash flow problems. In the past, when personal credit sources (drawing equity from a house loan, or by using credit cards in addition to personal loans and the overdraft) provided the most viable alternative funding solutions available in Postans that were available.
There’s an end to the need in the present to rely on real estate to secure business loan. With an unsecured loan business financing is now easy. Instead of a term loan with banks, business finance for an SME with interest rates and loan terms that aid with cash flow are available as business loan options.
There are many advantages associated in separating personal from business debt.
Reduce your risk, make the tax process more simple, apply for an unsecure business loan. Get it today.
One major benefit of keeping your individual and company assets apart is that your house isn’t necessarily tied up to the funds. In the case of a business loan within Postans up to $100K an asset security agreement will not be needed as long as the borrower is able to meet their loan obligations.
Companies are in a advantageous long-term situation if they have a good credit or debt ability to service.
A separation between personal and company finances makes it significantly more straightforward with regards to tax time - particularly when determining what is the tax deductible allocation. The IRD has laid out requirements for evidence in order to deduct deductions from an organisation’s tax return. This is an area where the IRD has advised specifically on.
A well-organised cash flow management system is vital to the longevity for any business. By maintaining personal as well as business finances distinct, companies can easily view how they are performing, monitor and plan on the ability to effectively assess their cash flow position.
Postans unsecured loans offers amounts between $5,000 and $100,000 with terms between 3 and 24 month and cash flow-friendly repayments, which are either daily or weekly.
You can apply to get your Small Business Loan in under 10 minutes online or over the phone. You’ll get an answer within the same day and funds may be in your account within 24 hours. Traditional company loans are based on an interest rate per annum together with additional fees and charges. Our company loan is a cash-based loan so you will know ahead of time the total amount payable including any fees, interest or charges. Then, it is divided into a daily or weekly amount to be paid back.
A Small Business Loan can be used to fulfill almost any business use, including managing cash flows, business remodeling, marketing for purchasing inventory or new equipment, for general working capital and so much more. The loan is not available for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. Loans are between $100,000 and $500,000 over a fixed term that can last up to 36 months. Repayments are either weekly or fortnightly in order to accommodate you cashflow.
This Larger Business Loan has an Origination Fee, which is determined at 2.5 percentage of the loan amount.
To qualify for a loan of this size the business needs to have been in operation for at least 3 years and have an annual turnover of at least $700K. You must be a New Zealand Citizen (or Permanent Resident) at least 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.
A large company loan can be used to fund almost any company purpose including business renovations, to purchase new equipment or inventory for general working capital and so much more. The loan is not available to fund personal expenses.
Asset security is required to access funding over $150,000. This can be done in the form of a charge over assets and can include registration on the PPSR or registering as a caveat.
A director’s or personal guarantee is a promise to repay a loan which is general in nature, rather than defining the security for a particular asset. The person who signs the ensure is personally liable if the company lender is not able to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including the assets or goods). The PPSR grants priority over personal property to be assigned according to the date the security interest has been registered.
The caveat can be described as a formal document filed to offer the public notice of a legal claim on a property.
If you’re requesting an enterprise loan of more than $250K we may be able to provide an initial pre-approval to make the process. It is possible to do this without a credit check, and within 6 hours of your initial application. The pre-approval process is based on an initial assessment, which involves you answering a few financial health checks. It’s not an offer or guarantee of financing. Unconditional approval is subject to an extensive credit evaluation and any offer that you are offered could be based on different conditions.
You may be eligible for a business loan if you;
The application process is quick and easy. Just fill out the online application in just a few minutes, and an experienced business loan specialist will contact you to guide you.
To apply for up $100,000, you’ll need the right identification documents (valid Driver’s License), a valid NZBN/IRD and at least 6 months of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K – $250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K-$500K: Information on the application including credit consent as well as 12 months of bank records, IRD statement as well as the two most recent years’ financial statements, as well as interim financials from the current financial year, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K up to $100,000) we usually offer an answer within an hour – as long as you make your application within quality business hours and permit us to use the advanced bank verification system to instantly verify your bank information online. If you decide to send us copies of your bank statements , we will be able to offer an answer within just the span of one business day.
For the Larger Business Loan ($100K to $500K) we may be likely to offer you with pre-approval conditional to your application within 6 hours. After you’ve signed your pre-approval, turnaround times are approximately 2-3 days to receive final approval, however this can be quicker based on the circumstances of each application. Some offers have been approved within 24 hours.
The quickest method would be to ensure you apply during normal business hours. You can also allow us to use the advanced bank verification system link to confirm your bank details online. If you decide to send us documents from your account statements , it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often offer a response in one hour – provided you apply within standard business timings and permit us to make use of the advanced bank verification system to instantly verify your bank information online. If you choose to upload copies of your bank statement, we’ll offer a decision in as little as the span of one business day.
For the Larger Business Loans ($100K and up) we might be able to provide the conditional pre-approval in around 6 hours. Once you have signed the pre-approval, the turnaround time is 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 in just 24 hours.
The fastest method for you to apply is make sure you apply during standard business hours. You can also permit us to use the sophisticated bank verification link to confirm your bank details online. If you opt to send us copies of your bank accounts, it can take a bit longer.
We offer loans that range from $5,000 and $500,000. When you make an application for a particular amount, we look at a variety of variables in order to assess what is the well-being of your company and the amount of the repayments your company can support. The amount you receive from your loan will depend on the particular circumstances for your company.
If you apply for a particular amount, we consider a variety of elements to assess your well-being of the business as well as the amount of repayments your company is able to afford. The total amount of your loan will be determined by the particular circumstances of your company.
When you apply for one of our business financing, we will assess the risk profile for your business and offer you with a customised offer, including loan amount, term and the interest rates. A business loan is an upfront-priced loan which means you be aware of the total amount to be paid, including any interest rates, fees or charges.
Interest rates for company loans rates depend on a variety of factors such as the amount that is that is borrowed, what company assets the funds will be used for and the sector the business operates in, how long the business has been in operation for, whether the company has sufficient cash flow to cover the loan, and the overall health as well as creditworthiness company.
There are no hidden costs for our company loans. You’ll be aware of the amount you’ll be required to pay and when, from day one. There’s no compounding and 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 request a credit loan no cost upfront or commitment to apply.
The Origination Fee covers the expenses involved with the setting up and management of the loan. You are only charged this fee if you decide to take the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.
You can repay the total amount of your advance loan at any time.
If you decide to do this please talk to one of our helpful business lending specialists. They’ll offer you with details on repayment and an early payout figure. This will be calculated as the total of the remaining principal amount and any accrued interest at the time of the early payout in addition to 1.5% of the principal balance as well as any outstanding fees.
To make sure you do not miss payments and to work with your cash flow cycle we provide payments that are either weekly or daily. These are automatically withdrawn from your nominated business account.
Making sure that your information is secure, and being clear about the ways we gather information, use it, and exchange it, as well as secure your information, is of paramount importance and an integral aspect of our relationship with you.
Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal and financial data and our funders are ISO 27001 qualified for our dedication to protecting the security of clients and privacy. We employ a highly sophisticated bank verification system to immediately confirm your bank account information online to provide quick responses.
The term "asset-based" refers to borrowing where a business owner utilises an asset that they own to secure the funds for a loan. The asset could be an individual asset, such as the family home or a business property like a truck or other piece of machinery.
The majority of lending institutions, even the largest banks, are inclined to guarantee loans against an asset. If you’re struggling to pay back the loan, the asset could be transferred to the lender. In essence, it is the process of securing new financing using the worth of the asset you already have.
For loans up to $150,000 it is not necessary to secure assets in advance to gain access to the funds but we require a personal guarantee. require a personal guarantee. If you adhere to your loan commitments (as detailed in your loan contract document), asset security will never be required. For loans of over $150K generally, there is a personal guarantee and security in the form a charge over assets.
Although we can’t help with an unsecured business loan for these types of industries, we may be able to assist with a secured business loan.
