A Two Rocks unsecured business loan is simple and quick to apply for. Apply for a loan quickly and use the money to grow your business.
What to expect:
The criteria for eligibility for an unsecured business loan within Two Rocks are fairly minimal.
Call Now 1300 275 411The process of applying for business loans in Two Rocks company financing for company in Two Rocks with us is easy and takes just less than a minute, with no mountains of paperwork or queues.
Be approved and receive your funds in 1-2 company days.
Our purpose is to assist Two Rocks companies of all types, whether small, medium or soloprenuers to get access to funding fast so they can take advantage of loans to expand and develop.
The requirements for obtaining an unsecured business loan in Two Rocks of between $5K and $100K is fairly low.
Are you looking for additional funding? Find out the eligibility requirements for our $100K-$500K company financing.
The criteria to be eligible in larger Two Rocks company loans of between $100K and $500K are:
Do you need a smaller amount of capital? Find out the conditions for eligibility for our $5K to $100K Two Rocks unsecured business loans.
A Two Rocks unsecured loan is great for almost any business need. Talk to us today.
Want to get started on one of these options as early as tomorrow? Contact us now or apply online to get the fastest and most efficient process.
All that is needed for starting is your contact information (company name, your name, email address and telephone) and the amount you want to borrow, and your monthly revenue.
Through the process and before settlement we’ll require confirmation of who you are but not for starting:
Additionally after we get started when it comes to loans greater than $150,000 you’ll need basic 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 that are entering the market provides the perfect source to take advantage of.
Two Rocks SME’s are now capable of accessing finance through alternative lenders who service Two Rocks who are focused on enabling business growth or smoothing out cash flow challenges. In the past, when the personal sources of credit (drawing equity from the house loan, or by using credit cards in addition to personal loans and credit cards) were the only alternative funding solutions available in Two Rocks that were around.
There is now there is no need of having to rely on real estate to secure business loans. With an unsecured loan, business funding is made simple. Instead of a loan for a term with the bank, business finance for a small business with interest rates and loan terms that aid in cash flow are around as business credit options.
There are many advantages associated in separating personal from business debt.
Limit your exposure, make tax time more simple, apply for an unsecure loan for business. Make an application today.
The main benefit of keeping your individual and business assets apart will be the fact that your home isn’t required to be tied for access to the money. For a small business loan in Two Rocks up to $100K an asset security agreement will not be required so long as the borrower is able to meet the loan requirements.
Businesses will be in a favourable long-term position if they have a good credit or debt capacity to pay.
The separation of personal as well as company financial accounts makes it more seamless when it comes to tax time - particularly when determining the tax deductible allocation. The IRD has outlined the rules on the evidence required to claim deductions on the tax return of a company. This is an area the IRD has specifically advised on.
Effective management of cash flows is essential to the long-term viability of any business. By keeping the personal financial and company finances distinct, companies can easily view the situation, track and plan based on their ability to easily assess their cash flow position.
Two Rocks unsecured loans provides the range of $5,000 to $100,000. Terms range from 3 and 24 month and cash flow-friendly repayments that are either daily or weekly.
You can apply for this Small Business Loan in under 10 minutes by phone. You will receive a same day response and the funds could be on your account within 24 hours. Traditional company loans reference an interest rate per annum together with additional fees and charges. Our company loan is a loan that is priced upfront therefore you’ll be aware in advance of the total amount to be paid, including any fees, charges or charges. Then, it is divided into weekly or daily repayment figure.
The Small Business Loan can be used for almost every company purpose including the management of cash flow, company remodels and marketing to purchase inventory or new equipment, to fund general working capital, and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger loan size to support company growth opportunities. The loan ranges from $100,000 to $500,000 with a term fixed with a maximum of 36 months. Repayments are weekly or fortnightly depending on your situation.
It is crucial to note that the Larger Business Loan has an Origination Fee, calculated at 2.5 percent of the amount of the loan.
To be eligible for a loan in this amount the business needs to have been trading for at least 3 years, and have an annual income of $700,000. It is necessary to 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 of proving at minimum 12 months of continuous trading.
A Larger Business Loan can be used for nearly every company reason, such as business remodeling, buying equipment or inventory or as general working capital, and much more. The loan is not available for personal use.
Asset security is needed for funding of more than $150,000. It is usually by taking a charge against assets, and may include registration in the PPSR or making as a caveat.
A personal or director’s guarantee is a promise to pay back a loan that is generally based rather than stipulating the security for a particular asset. The person who signs the guarantee is personally accountable if the business lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It lists security interests that are that are registered for personal property (including objects or assets). The PPSR allows the priority of personal property assigned depending on the date that a registration of a security interest.
A caveat is a legal form of document to offer the public notice of a legal claim to property.
When you’re applying for larger business loans that is greater than $250K it’s possible to offer an initial pre-approval to ease the process. It is possible to do this without credit checks and within 6 hours of the initial application. This pre-approval is made based on an initial assessment that includes answering a couple of financial health checks. It is not an offer of credit or guarantee of finance. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer you are offered could be subject to different terms.
You may apply for an company loan if you;
The application process is simple and simple. Complete the online form within a few minutes and a dedicated business loan specialist will call you to help you.
To be eligible for up to $100,000 you’ll need the right identification documents (valid Driver’s License) as well as an active NZBN/IRD, and at least 6 months’ worth of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K – $250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K to $500K: Application details including credit consent, 12 months bank statement, an IRD statement, last 2 years finalised financial statements, as well as interim financials from the current financial year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K to $100K) we can often provide an answer within one hour – as long as you make your application at standard business hours and you allow us to make use of the advanced bank verification system to immediately verify your bank account information online. If you decide to submit copies of your bank statement, we’ll offer the decision within an business day.
If you are applying for a Larger Business Loan ($100K to $500K) we might be capable of provide you with conditional pre-approval within six hours. After you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval, however this may be quicker depending on the specifics of each application. Some transactions have received approval within less than 24 hours.
The quickest method is to make sure you apply during standard company hours. Also, allow us to use our advance bank verification link to instantly verify your bank information online. If you choose to upload duplicates of your banking statements , it may take a bit longer.
For the Small Business Loan ($5K to $100K) we typically offer an answer in just one hour – provided you apply in normal business hours and allow us to make use of the advanced bank verification system link to instantly verify your bank’s information online. If you choose to upload copies of your banking statement, we’ll offer the decision in as little as the span of one business day.
For Larger Business Loans ($100K to $500K) we might be able to provide the conditional pre-approval within about six hours. Once you have signed the pre-approval form, it will take between 2 and 3 days for the final approval, however this can be faster depending on the circumstances of each application. Some deals have been approved within less than 24 hours.
The quickest method for you to apply is ensure you apply during normal business hours. Also, allow us to use our modern bank verification to instantly confirm your bank details online. If you decide to send us copies of your bank accounts, it can take a bit longer.
We provide loans ranging from $5,000 to $500,000. When you submit an application for a certain amount we consider a variety of factors that determine the well-being that is your business and the amount of repayments your business is able to afford. The amount you receive from your loan will be contingent on the particular circumstances of your business.
When you submit an application for a set amount, we take into consideration a variety of factors to determine how much we can lend you such as well-being of the company and the level of payments your business can support. The amount you receive from the loan will be determined by the particulars the company.
When you make an application for the business loans, we will assess the risk assessment that you have for your business and offer an individualised offer including loan amount, term and interest rates. It is a company loan is an upfront cost loan so you will know the exact amount you will have to pay, including charges, interest rates or fees.
Business loan interest rates vary due to factors including the amount that is borrowed, what company assets the money are used to purchase, the industry the business operates in, the long the business has been in operation as well as in the event that the business has sufficient cash flow to fund the loan, as well as the overall well-being as well as creditworthiness business.
There aren’t any hidden charges for our company loans. You’ll be aware of the amount it is that you be required to pay, and when, right from day one. There’s no compounding interest, and the loan comes with no additional fees (as long as you are able to make your payments in time).
We don’t charge an application fee. You are able to make an application for loans with without any upfront costs or the obligation to take action.
The Origination Fee covers the expenses involved with setting up and managing the loan. The only way to pay this fee if you decide to take the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You can repay the total amount of your loan in full at any time.
If you are deciding to do this please speak to our friendly business credit specialists. We will offer you with details for repayment and an early payout figure. This will be calculated as the total of the principal amount remaining and accrued interest to the time of early payout plus 1.5% of the remaining principal and any outstanding fees.
To ensure that you don’t miss payment dates and to align your cash flow schedule, we provide payments that are either weekly or daily. They will be automatically deducted from the nominated business account.
Protecting your information, and being clear about the ways we gather data, process, exchange and ensure the security of your information is vital and an integral part of our relationship you.
Yes. We utilise industry-recognised encryption standards to secure your personal, sensitive financial information and our funders are ISO 27001 qualified for our commitment to the security of our clients as well as their privacy. We use an advanced bank verification system link to instantly verify the bank account details online to offer a fast response.
The term "asset-based" refers to borrowing where the company owner uses the assets they have to secure a loan. The asset can be either an individual asset, such as the family home or an business asset like a truck or piece or equipment.
The majority of lending institutions, not just the big banks, tend to guarantee loans against assets. If you are having difficulty paying back the loan, your asset may be transferred to the lender. In essence it’s a way of securing new financing by using the worth of the asset you already have.
For loans up to $150K no asset security is required before you are able to access the money, however we require a personal guarantee. need a personal guarantee. As long as you follow your loan commitments (as stipulated in the loan contract) Asset security is not needed. If you take out loans in excess of $150K generally there is personal guarantee and security in the form of a charge over assets.
Although we can’t help with an unsecured business loan in the above industries, we might be able to assist you by providing the secured business loan.
