The requirements for getting an unsecured business loan in Perth of between $5K and $100K is fairly low.
Need more funds? Check out the conditions of eligibility for our $100K-$500K company loans.
All that’s required for starting is your contact information (company name, your name, email or phone number), how much you want to borrow, as well as your monthly income.
Through the process and before settlement we will need confirmation of your identity, but not before we can begin:
Additionally after we get started, for loans of more than $150,000 you’ll require basic financial statements.
Let’s get started.
Perth unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow friendly repayments that are either per day or weekly.
Apply for your Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive a same day response and have the funds available in just 24 hours. Traditional business loans reference an annual interest rate as well as other fees and charges. We offer a company loan is a loan that is priced upfront therefore you’ll know ahead of time the total amount due, which includes any interest, fees or charges. This is then broken down into weekly or daily amount to be paid back.
The Small Business Loan can be used to fulfill almost every company need, such as control of cash flow business renovations, marketing, to purchase inventory or new equipment, or as general working capital, and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. Loans range from $100,000 to $500,000 for a fixed period of with a maximum of 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate your cash flow.
The Larger Business Loan has an Origination Fee that is calculated at 2.5 percentage of the loan amount.
To be eligible for a credit in this amount the company needs to have been operating for at least three years with an annual turnover of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) over 18 years, own a New Zealand business (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 business purpose including company renovations, to purchase new equipment or inventory as well as for general working capital and much more. The loan is not available for personal purposes.
Asset security is required to obtain funding above $150,000. This is by way of charge over assets, and may include registering this on the PPSR or registering a caveat.
A director’s or personal ensure is a promise to repay a loan which is generally based rather than defining the security of a specific asset. The person who is signing the ensure is personally liable in the event that the company the borrower fails to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It contains security interests that are registered for personal property (including the assets or goods). The PPSR grants prioritisation over property that is personal to be granted depending on the date that a security interest has been registered.
A caveat is a legal document filed to provide an official notice of a claim against a property.
When you’re applying for the Larger Business Loan that exceeds $250,000, we may offer an initial pre-approval in order to make the process. We could be able to do this without a credit check and within six hours of your initial application. This pre-approval is based on an initial assessment, which involves answering a couple of financial health checks. It is not an offer or guarantee of financing. Acceptance without condition is subject to an assessment of your creditworthiness and any offer you may receive may have different terms.
You may be eligible for a company loan if you:
The application process is quick and easy. Simply complete the online form in just a few minutes, and an experienced company lending specialist will call you to guide you.
To apply for up to $100,000, you’ll need identification details (valid Driver’s Licence), a valid NZBN/IRD and at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K-$250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K – $500K: Details of the application, including credit consent and 12 months of bank statements, IRD statements Last 2 years’ finalised financial statements, as well as interim financials for the current financial year as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K and up) we typically offer a response in one hour if you apply in standard company time and allow us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you opt to submit copies of your bank statements , we are able to offer a decision within an business day.
For the Larger Business Loan ($100K or more) we might be in a position to offer the conditional pre-approval in around 6 hours. Once you’ve signed the pre-approval document, you will require to wait between 2 and 3 days for the final approval, however this can be quicker based upon the circumstances for each application. Certain deals have been approved within 24 hours.
The most efficient method for you to apply is ensure you apply during standard company hours and permit us to use the advanced bank verification system link to verify your bank information online. If you send us duplicates of your banking statements it can take a bit longer.
For the Small Business Loan ($5K or more) We can usually provide an answer within an hour – provided you submit your request during standard business timings and permit us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you opt to submit copies of your bank statements, we are able to offer a decision in just one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) We may be in a position to provide you with a conditional pre-approval within about 6 hours. After you’ve 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. Certain agreements have been approved within the space of 24 hours.
The fastest way can be ensure you apply during normal business hours, and let us use the sophisticated bank verification link to instantly verify your bank account information online. If you send us documents from your account statements it takes a bit longer.
We provide loan amounts between $5,000 to $500,000. If you apply for a particular amount, we take into consideration a range of factors to determine the health that is your company as well as the amount of payments your company can support. The total amount of the loan will be determined by the specifics for your business.
When you submit an application for a set amount, we take into consideration a variety of aspects to assess the health that is your business and the amount of payments your business will be able to support. The total amount of the loan will be determined by the specific circumstances that are unique to your company.
When you make an application for one of our business financing, we will assess the risk assessment for your business and offer you with a customised offer including the loan amount, the terms and the interest rates. A business loan is an upfront cost loan and you’ll know in advance the total amount you will have to pay, including charges or interest.
Business loan interest rates depend on several variables like the amount to be borrowed, the business assets the money will be used for in addition to the industry that the business is operating in, how long the business has been in operation as well as how long the company has enough cash flow to fund the loan, as well as the overall health or financial standing of the company.
There are no hidden fees with our company loans, and you’ll know precisely how much you need to pay and when, right from the very first day. There’s no compounding interest, and the loan comes with no additional fees (as long as you make your payments on time).
We don’t charge an Application Fee. You are able to apply for a loan with absolutely no upfront cost and no obligation to proceed.
The Origination Fee covers the costs associated with setting up and managing the loan. This is only a fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percent of the loan amount.
You can repay all of your loan early at any time.
If you are deciding to pursue this option, please speak to our friendly business loan experts. They’ll offer you with repayment details and an early payment figure. It will be calculated using the sum of the remaining principal amount and any accrued interest at the time of early payout in addition to 1.5% of the principal balance as well as any outstanding fees.
To make sure you do not miss repayments and to fit in with your cash flow standard, we offer repayments that are either weekly or daily. They will be automatically deducted from your business account.
Making sure that your information is secure, and being clear about how we collect data, process, exchange and protect your information, is crucial and a vital part of our relationship with you.
Yes. We utilise industry-recognised encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 qualified for our dedication to the security of our clients as well as their privacy. We employ a highly sophisticated banking verification system to instantly verify the bank account details online. This allows us to offer an immediate response.
The term "asset-based" refers to borrowing where an business owner makes use of an asset they own to obtain the loan. The asset can be either an individual property, such as the family home, or a business asset such as a truck as well as a piece of machine.
The vast majority of the lenders even the big banks, tend to guarantee loans against assets. If you’re struggling to pay back the loan, your asset may be offered for sale by the lender. In essence it’s a way of securing new financing using the worth of the asset you already have.
Up to $150K in loans there is no requirement for asset security in advance to gain access to the funds However, we do need a personal guarantee. So long as you comply with the loan terms (as stated in the loan contract) Asset security will never be required. For loans of over $150,000 generally there is a personal ensure and security in the form of the charge of assets.
