Unsecured Business Loans Wungong WA

In The Next Few Hours, You Could Be Getting Ready For Success By Obtaining a Wungong Business Loan

Unsecured Business Loans Wungong

A Wungong unsecured business loan is simple and quick to obtain. Apply for a loan quickly and begin using the money in your company.

  • Could additional funds assist your company in working capital, or to take advantage of an opportunity to grow?
  • What is the financing strategy you are using to fund your company requirements?

What you can expect:

  • Easy to apply and receive approval and cash as quickly as tomorrow
  • There is no option to remittances in the initial four weeks
  • Borrow from $5k to $500K
  • Terms ranging from 3 to 36 months
  • Competitive interest prices
  • Minimal documentation

The conditions for eligibility for an unsecured business loan to be made in Wungong are fairly minimal.

Call Now 1300 275 411
I'm able get my tax back in order.
Small Business Owner
I'm now able to prepare espresso for clients with the best equipment.
Cafe Owner
Business loans, particularly those that are unsecured business loan or line of credit for business financing require have no stressfull process. Business finance in the form of small business loans with an interest rate cost, and with a repayment term that fits the needs of your business liquidity.
Business Lenders for Business Goals
I am now able to fund the remodel of our brand modern Wungong resturant without having to borrow cash from other ones.
Wungong Resturant Owner
Business business loans, interest rates and repayment terms, as well as flexible repayment options to meet you business requirements.
Business Lending Options
I can now take time off knowing that the Wungong business will run without a hitch.
Local Business Owner
A simple loan application process with a large limit on borrowing, no requirements for credit, and there is no need to provide a business plan. Don't use your personal credit card or business credit card to finance your company.
Unsecured Loans Made Simple
I'm now able hire an professional marketer to help me take my business to the next stage.
Growing Wungong Business
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for business loans in Wungong company loan within Wungong with us is easy and takes only some minutes, without mountains of paperwork or queues.

Be approved and receive your cash within 1 to 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We want to assist Wungong companies of all sorts small, medium even solopreneurs access quick funding so that they can use the loan to expand and grow.

  • It starts with an easy online application or a phone call
  • Flexible terms for repayment to fit your business
  • Fast and quick funding within a single day or two days
  • A team that wants you and your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for getting an unsecured business loan in Wungong of between $5K to $100K are quite minimal.

  • The minimum period of 6 months for which you must be in business
  • At least $6,000 revenue per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for evidence of identity
  • Use an account with a New Zealand bank as your principal account for trading
  • Bank statements from the last six months

Looking for more funding? Take a look at the eligibility requirements for our $100K-$500K business financing.

Here's How Others Have Benefited

Examples of Business Loans

A gym that had been in operation for more than 3 years decided to increase its size and needed more equipment. With monthly revenue of $37K they borrowed $72K over a 24 month period. No security was required for the loan and it was settled in just 24 hours.
Gym
With the busy Christmas season approaching, a clothing store required working capital in order to buy more stock and also benefit from discounts offered by suppliers. They borrowed $20K over 12 months without security for assets and received the funds in less than 24 hours.
Clothing Store
The owner of a modest grocery store doing $70K a month borrowed $76K over a 24 month period, with no payments for the first four weeks. This was contingent on 12 months of bank statements. The turnaround time was only 6 hours from the time of application until receiving the money.
Grocery Store Small Business Loan
When they purchased a pizza restaurant and two liquor stores six to 12 months earlier the new owners were looking for additional funds. The overall revenue was 500K per month. They were able to borrow $300K, split out as $100K for each store using a mix of 24 and 36 month terms. There was no security on the owners' homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
An interior designer had spotted an opportunity to grow their company and required working capital to finance this expansion. With a monthly income of $300K, they borrowed $250K in 24 months. Turnaround time for them was only two days and all they needed to provide was 12 months of bank statements, IRD confirmation, and their trust deed.
Interior Designer
Simple eligibility checklist

Larger Wungong Business Loan Eligibility Criteria

The criteria for eligibility for larger Wungong company loans of between $100K to $500K comprise:

  • Minimum of 3 years trading in business
  • A minimum of $700K annually in income
  • Be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for evidence of identity
  • You should have a New Zealand bank as your principal account for trading
  • Bank statements for the last 6 months
  • Certain financial statements include Profit & Loss and Aged Accounts Payable and Receivable

You are looking for a lesser amount of funding? Check out the eligibility requirements for our $5K-$100K Wungong unsecured company loans.

Business Lending for a Cash Injection

What do you want to use the business loan in Wungong for?

A Wungong unsecured loan is perfect for virtually any business use. Get in touch with us today.

  • Add or remodel a commercial premises
  • Staff expansion during busy times
  • Increase stock quantities to meet demand
  • Make a brand new website or increase your marketing
  • Make sure you invest in new equipment, tools , or the latest technology
  • Purchase extra stock to cover seasonal demand
  • Control cash flow fluctuations
  • Plus lots more …

Are you looking to start one of these idea as quickly as tomorrow? Then get in touch with us or apply online now to get the fastest and most effective process.

Quick application checklist

What do you need to apply

All you need to start is your contact information (company name, your name, email, phone), how much you’d like to borrow and your monthly earnings.

During the process and before settlement we will need confirmation of who you are, but not for starting:

  • Details of the Idenfication (valid Driver’s License)
  • Business details including trading time owner details, trading time, as well as NZBN (New Zealand Business Number)

Once we’ve started, for loans greater than $150,000 you’ll need basic financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

With the busy Christmas season coming up, a store selling clothing needed working capital to purchase more inventory and benefit from discounts from suppliers. They borrowed $20K over 12 months, with no security for assets and received the funds in less than 24 hours.
Clothing Store
A company coach was looking to invest in the health and beauty business. With just over twelve thousand dollars in monthly income the company was able to borrow $24K over 24 months. This required the submission of 12 months' bank statement and was done in only 8 hours.
Business Coach
An interior designer had spotted an opportunity to increase the size of their business and needed working capital to finance this expansion. With a monthly revenue of $300K they borrowed $250K over 24 months. The turnaround time was just two days, and all they needed to present the required documents were twelve months' bank statements along with IRD confirmation and trust deed.
Interior Designer
A gym that was in operation for more than 3 years, was planning to expand and required additional equipment. With a monthly income of $37K, they borrowed$72K over a 24 month period. There was no security requirement to secure the loan. It was ready to go in just 24 hours.
Gym
After purchasing a pizza restaurant and 2 liquor stores 6-12 months earlier the new owners were looking for more funds. The total revenue of the two stores was more than $500k per month. They were able to obtain $300K and split it into $100K per store with a mix of 24 and 36 months. There was no security on the owners' homes was required.
Owner of a Pizza Store & 2 Liquor Stores

Unsecured Business Loan Wungong WA 6112

The lending landscape has changed

With traditional lenders and banks restricting credit The steady flow of alternative and non-bank loan providers entering the market offers the perfect source for you to tap into.

Wungong SME’s are now able to access finance through alternative lenders that service Wungong who are focused on enabling company expansion or smoothing problems with cash flow. The past was when private credit options (drawing equity from a house loan, or by using credit cards or personal loans, as well as the overdraft) were the only alternative financing solutions available in Wungong that were around.

There is now there is no need to rely on using real estate to secure company credit. With an unsecured loan business financing is now easy. Instead of a traditional term loan from a bank, business finance for an SME with interest rates and loan terms that aid with cash flow are around as business loan options.

 

 

High level summary

Separate personal and business debt

There are numerous benefits in separating personal from company debt.

  • Your home or other investments, aren’t tied up in order to access funds
  • It is the business will be in stronger position to establish its own credit history
  • It is much more straightforward for tax time
  • Businesses are able to easily review the situation, track and plan based on the ability to clearly assess their cash flow position

Reduce your risk, and make tax times much easier. Get started with an unsecure company loan. Make an application today.

For those who like the detail

Separate personal and business debt

Risk

One major benefit of keeping your individual and company assets apart can be that your house does not have to be tied for access to the money. If you’re looking for a small business loan in Wungong up to $100K, asset security will not be needed as in the event that the borrower has met the loan requirements.

Credit history

Companies are in a advantageous long-term situation if they are able to demonstrate credit/debt serviceability.

Tax

A separation between personal and company finances makes it more straightforward with regards to tax time, particularly when identifying what is the tax-deductible allocation. The IRD has set out the guidelines on the proof required for claiming deductions on an individual’s tax return. This is an area that the IRD have specifically advised on.

Cash flow

Effective cash flow management is essential to the longevity for any business. Through keeping personal and business finances distinct, companies can easily view their cash flow, plan and monitor it based on their ability to accurately evaluate their cash flow situation.

Business loans, in particular one that is an unsecured business loan or line of credit for business funding require never be an stressful procedure. Finance for a business in the shape of small business loans with an interest rate and repayment time that will suit your company budget.
Business Lenders for Business Goals
I can get my tax back to keep me on track.
Small Business Owner
I'm now able employ a marketing professional to help me take my business to the next stage of business growth.
Growing Business
I'm now able fund the construction of our new Wungong resturant without having to borrow cash from other locations.
Wungong Resturant Owner
A seamless loan application process that comes with a high borrowing limit, minimal requirements for credit, and there is no need to create a business plan. You no longer need to use your personal credit card or company credit cards in order to finance your business.
Unsecured Loans Made Simple
Business loans with interest rates and repayment terms, as well as flexible repayment options to suit what your company needs.
Business Lending Options
I am now able to take an extended vacation knowing that my Wungong business will run smoothly.
Local Business Owner
I am now able to make coffee for my customers with the very best equipment.
Cafe Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Information About The Wungong Small Business Loans

Let me know what you think of the Wungong Small Business Loans

Wungong unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments, which are either daily or weekly.

What is how is the Unsecured Loan different from the traditional business loan?

The application to get your Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive an answer within the same day and funds may be in your account in 24 hours. Traditional business loans have an annual rate of interest along with other charges and fees. Our business loan is an upfront priced loan so you will know in advance the total amount payable including any interest, fees or charges. Then, it is divided into weekly or daily payment amount.

What could the Small Business Loan be used for?

It is a Small Business Loan can be used to fulfill almost every business need, such as cash flow management, business improvements, advertising to purchase inventory or new equipment, or as general working capital and so much more. The loan cannot be used to fund personal expenses.

About the Larger Wungong Business Loans

What is the Larger Wungong Business Loan?

The Larger Business Loan is a larger amount of loan to help company expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed for up to 36 months. Repayments are weekly or fortnightly, depending on your cash flow.

How is the Origination Fee determined?

It is crucial to note that the Larger Business Loan has an Origination Fee that is calculated at 2.5 percentage of the loan amount.

Am I eligible for the Larger Business Loan?

In order to be eligible for a loan that is this large the company needs to have been operating for at least three years and have an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.

What can the funds be used for?

A larger business loan can be used for nearly any business purpose including company improvements, purchasing equipment or inventory for general working capital and much more. The loan is not available for personal purposes.

Is the Larger Business Loan a secured loan?

Asset security is necessary to access funding over $150,000. This is in the form of a charge against assets and can include registering this on the PPSR or filing as a caveat.

A personal or director’s ensure is a commitment to repay credit that is generally in nature rather than specifying the security for a particular asset. The person who signs the guarantee is personally liable if the business the borrower fails to re-pay the debt.

The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including items or assets). The PPSR grants the priority of personal property granted in accordance with the date on which a security interest that is registered.

A caveat is a legal document that is filed to offer an official notice of a claim to property.

What exactly is a preapproval without Credit Check?

If you’re seeking larger company loans that is greater than $250K we may be able to provide an initial pre-approval that will help simplify the process. We may be able to do this without a credit check, and within 6 hours of your initial application. This pre-approval is made based on a preliminary assessment which includes the answer to a series of financial well-being questions. This is in no way an offer, nor is it a guarantee of funds. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you receive could have different terms.

The application process

Are I eligible for funding?

You may apply for an business loan if you:

  • are a New Zealand Citizen (or Permanent Resident)
  • are 18 years or older, own a New Zealand business (with a valid NZBN/IRD)
  • must show at least six months’ worth of transactions (for for the unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K - $500K)

How do I apply?

The application process is fast and simple. Simply complete the online form in few minutes and a dedicated company expert in lending will contact you to assist you.

To be eligible for up to $100,000 you’ll need ID details (valid Driver’s License) as well as a valid NZBN/IRD and at least 6 months of bank statements.

Otherwise, for larger loan sizes, you’ll need:

$100K to $250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Details for application including credit consent as well as 12 months of bank statements, IRD statements Last 2 years’ finalised financial statements, plus interim financial statements for the current year as well as Aged Payables and Receivables summary.

What speed will I be able to get an answer?

For an unsecured loan ($5K or more) We can usually offer an answer in just one hour if you make your application within standard business times and let us utilise 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 within one company day.

For the Larger Business Loan ($100K to $500K) we may be likely to provide you with conditional pre-approval in about six hours. After you’ve signed the pre-approval document, you will require to wait around 2-3 days for final approval. However, this can be quicker based on the specifics of each application. Certain offers have been approved within just 24 hours.

The most efficient method for you to apply is make sure you apply during normal company hours. Also, permit us to use the advanced bank verification system link to instantly verify your bank account information online. If you choose to send us the copies of bank statements , it can take a bit longer.

What is the time frame to receive the cash?

For the Small Business Loan ($5K and up) we usually provide a response in one hour – as long as you make your application within normal business timings and you allow us to use the advanced bank verification system link to instantly verify your bank information online. If you decide to upload copies of your bank statements, we will be able to provide an answer in as little as an business day.

For the Larger Business Loans ($100K up to $500,000) we might be able to offer you with conditional pre-approval within six hours. Once you have signed the pre-approval document, you will need to wait about 2-3 days for final approval, however this can be faster depending on the particular circumstances of each application. Some offers have been approved in just 24 hours.

The fastest method would be to make sure you apply during standard business hours. You can also permit us to use the modern bank verification link to verify your bank account information online. If you decide to upload the copies of bank accounts, it takes a bit longer.

How much can I borrow?

We offer loans that range from $5,000 and $500,000. When you submit an application for a particular amount, we will consider a number of factors in order to assess the health of the business as well as the amount of the repayments your company will be able to support. The amount you receive from your loan will depend on the specifics that are unique to your company.

If you apply for a specific amount we will consider a number of elements to determine your well-being that is your company and the amount of the repayments your business is able to afford. The total amount of the loan will be determined by the particular circumstances that are unique to your company.

Fees & repayments

What is the cost for the cost of a business loan?

When you make an application for one of our company credit, we will assess the risk profile that you have for your business and offer you with a customised offer, including the amount of the loan, the duration and interest rates. It is a business loan is an upfront cost loan therefore you will know in advance the total amount payable including any charges, interest rates or fees.

What determines the amount I’m charged?

The interest rates on company loans rates depend on several variables like the amount to be borrowed, what business assets the funds will be used for in addition to the industry that the company is in, how long the business has been running for, how long the business has enough cash flow to support the loan, and the overall health or financial standing of the business.

What are the costs?

There are no hidden costs for our company loans, and you’ll know precisely how much it is that you be required to pay and when, right from day one. There’s no compounding interest and there are no additional charges (as as long as you pay your payments on time).

We don’t charge an application fee. You are able to apply for a loan with no upfront cost or obligation to proceed.

The Origination Fee covers the costs associated with setting up and managing the loan. It is only charged for this fee if you proceed with the loan. The Origination Fee for us is 2.5 percent of the amount of loan.

Can I pay off the loan earlier?

You can decide to repay the entire amount of your advance loan at any time.

If you do decide to pursue this option, please contact our helpful company lending specialists. They will provide you with details on repayment and an early payment figure. This will be calculated as the sum of the principal remaining and any accrued interest at the time of the early payout in addition to 1.5% of the principal amount remaining as well as any outstanding fees.

How do repayments work?

To ensure you do not miss repayments and to fit in with your cash flow general, we provide payments that are either weekly or daily. These are automatically deducted from your business account.

Security & privacy

Will my information be secure?

Security of your data, and being transparent about how we collect information, use it, and exchange it, as well as ensure the security of your information is crucial and is an essential aspect of our relationship with you.

Is it safe to link my bank account to the platform?

Yes. We employ industry-recognised encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our dedication to security for our customers and privacy. We employ an exceptionally sophisticated bank verification system to instantly verify your bank account details online, allowing us to provide an immediate response.

About business loans

What’s an asset-based borrow (a secured loan)?

The term "asset-based" refers to borrowing where an business owner makes use of an asset that they own to obtain a loan. The asset can be a personal asset like the family home or an company asset like a truck or piece of equipment.

The vast majority of the lenders including the largest banks, are inclined to make loans secured by assets. If you’re struggling to pay back the loan, then the asset could be sold by the lender. In essence it is an opportunity to secure new funding taking advantage of the value of what you already own.

Are I require security for an company loan?

Up to $150K in loans there is no requirement for asset security in advance to gain access to the funds, however we do need the personal guarantee. As long as you follow your loan commitments (as stated in your loan contract document) the security of assets is not required. If you take out loans in excess of $150,000 generally, there is an individual ensure and security that is in the form the charge of assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses or auction websites
  • Debt collection companies & debt purchasers
  • Direct marketers such as mail order, fundraising, telemarketing, direct-mail etc.
  • Finance institutions & lenders
  • {Firearm related businesses
  • Foreign currency exchange offerings
  • Freight forwarding & customs clearing houses
  • Business involved with gambling
  • Non-profit organisations such as charities and churches etc.
  • Panel beaters & smash repairers
  • Pawn shops or pawnbrokers
  • Property developers
  • Stockbrokers, shares &invesment businesses
  • Tattoo studios
  • Ride sharing & taxi services
  • Entertainment sales & ticket resellers
  • Vehicle towing services
  • Secondhand automotive dealers
  • Car glass tintingfirms
  • Car wrecking yards

Although we can’t help with an unsecure business loan for the above industries, we might be able to assist you by providing an secured business loan.

Perth Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

Apply Now

Apply Now

Contact Us

Contact Us

Contact Us

Fill out the form below or Call Now
1300 275 411