A Birkenhead unsecured business loan is quick and simple to apply for. Get a quick apporval and use the money to grow your company.
What you can expect:
The criteria for eligibility for an unsecured business loan within Birkenhead are fairly minimal.
Call Now 0800 200 324The process of applying for the company credit for company in Birkenhead with us is easy and takes just a few minutes, no lengthy forms or lines.
Get approved and receive your money within 1 – 2 company days.
Our purpose is to assist Birkenhead businesses of all sorts small, medium even entrepreneurs to obtain quick funding so that they can use the loan to grow and build.
The criteria for eligibility for an unsecured business loan in Birkenhead of between $5K to $100K are quite minimal.
Do you need more money? Review the eligibility requirements for our $100K-$500K business loans.
The criteria for eligibility of larger Birkenhead business loans of between $100K and $500K are:
Do you need a smaller amount of funding? Check out the conditions for eligibility for our $5K-$100K Birkenhead unsecured business loans.
A Birkenhead unsecured loan is perfect for virtually any business need. Contact us now.
Do you want to start working on one of these projects as soon as tomorrow? Get in touch with us or apply online now to get the fastest and most efficient process.
All that’s needed to begin is your contact information (the name of your company, your name, email and telephone) along with the amount you want to borrow, and your monthly earnings.
Through the process and before settlement we will need confirmation of who you are but not before we can begin:
After we start, for loans of more than $150,000 you’ll require the following financial statements:
Let’s get started.
With traditional lenders and banks tightening their credit terms and the constant stream of alternative and non-bank loan providers that are entering the market provides the perfect source for you to make use of.
Birkenhead SME’s are now capable of accessing finance through alternate lenders servicing Birkenhead who are focused on facilitating business growth or smoothing out cash flow issues. In the past, private credit options (drawing equity from the home loan, or using credit cards and personal loans as well as credit cards) could be the best alternative funding solutions in Birkenhead that were around.
There is now not a requirement to depend on real estate to secure business loans. With an unsecured loan, business financing is easy. Instead of a term loan with banks, business finance for an SME with interest rates and loan terms that help with cash flow is available as business loans.
There are substantial benefits associated with separating personal and business debt.
Reduce your risk, make tax time simpler, start with an unsecure busines loan. Make an application today.
One big drawcard for keeping your business and personal business assets separate is that your house isn’t necessarily tied up for access to the money. If you’re looking for a small business loan within Birkenhead up to $100K, asset security will not be required as long as the borrower fulfills their loan obligations.
Businesses are in a more stable long-term position when they can show good credit and debt capacity to pay.
Separating personal and company finances makes it more seamless when it comes to tax time, particularly when identifying what is the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. 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 that the IRD have specifically advised on.
Effective management of cash flows is essential to the long-term survival in any business. Through keeping your personal finances and business finance separate, companies can easily view how they are performing, monitor and plan on the ability to effectively evaluate their cash flow situation.
Birkenhead unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 months and cash flow-friendly repayments, which are either daily or weekly.
The application to the Small Business Loan in under 10 minutes online or on the phone. You’ll receive a same day response and the money could be in your account in 24 hours. Traditional business loans are based on an annual interest rate together with additional fees and charges. This company loan is a loan that is priced upfront so you will be aware in advance of the total amount payable including any fees, charges or charges. Then, it is broken down into a daily or weekly payment amount.
It is a Small Business Loan can be used for virtually every business use, including cash flow management, business renovations, marketing to purchase inventory, new equipment, for general working capital and 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 business expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed up to 36 months. Repayments are either weekly or fortnightly, depending on your situation.
This Larger Business Loan has an Origination Fee, calculated at 2.5 percentage of the loan amount.
To be eligible for a loan of this size, your business needs to be operating for at least three years and have an annual turnover of $700,000. You must be a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.
A large company loan can be used for almost any business reason, such as company renovations, to purchase new equipment or inventory for general working capital and so much more. The loan cannot be used for personal purposes.
Asset security is needed for funding of more than $150,000. It’s by way of charge against assets, and may include registration on the PPSR or the registration of as a caveat.
A director’s or personal ensure is a promise to repay a loan which is general in nature rather than stating security over an asset. The person who signs the guarantee is personally liable in the event that the business the borrower fails to make the repayment.
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 goods or assets). The PPSR permits preference over private property assigned in accordance with the date on which a registration of a security interest.
Caveats are legal form of document to offer notice of a legal claim to property.
When you’re applying for an enterprise loan that is greater than $250,000, we may offer an initial pre-approval to make the process. We may be able to apply for this without a credit verification and within 6 hours of the initial application. This pre-approval is made based on an initial assessment that includes you answering a few financial well-being checks. It is in no way an offer, nor is it a guarantee of financing. Acceptance without condition is subject to an assessment of your creditworthiness and any offer you receive could be based on different terms.
You may be eligible for a business loan if you:
The application process is fast and simple. Just fill out the online application within a few minutes and a dedicated business credit specialist will call you to guide you.
To apply for up to $100,000, you’ll require identification details (valid Driver’s License) along with an active NZBN/IRD, and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K – $250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K – $500K: Application details including credit consent as well as 12 months bank statement, an IRD statements and the last two years’ finalised financial statements, and interim financial statements for the current year including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K or more) we usually provide an answer in just one hour – as long as you apply within quality company time and permit us to make use of the advanced bank verification system link to instantly verify your bank details online. If you choose to upload copies of your banking statements , we are able to offer an answer within an business day.
If you are applying for a Larger Business Loan ($100K and up) we may be likely to offer you with conditional pre-approval in about six hours. Once you’ve signed the pre-approval document, you will require to wait about 2-3 days for final approval. However, it could be faster based on the circumstances of each application. Certain transactions have received approval within less than 24 hours.
The quickest method would be to ensure you apply during normal business hours, and allow us to use our advanced bank verification system to verify your bank information online. If you decide to upload duplicates of your banking statements it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we typically offer an answer within one hour – provided you make your application within standard business times and allow us to use the advanced bank verification system to instantly verify your bank details online. If you choose to upload copies of your bank statements we can offer the decision in as little as an business day.
If you are applying for Larger Business Loans ($100K or more) we could be capable of offer you with a conditional pre-approval within six hours. Once you have signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this can be faster depending upon the circumstances for each application. Certain offers have been approved in just 24 hours.
The fastest method is to make sure you apply during normal business hours. You can also allow us to use the modern bank verification link to verify your bank information online. If you choose to send us documents from your account accounts, it can take a bit longer.
We provide loans ranging from $5,000 and $500,000. If you apply for a specific amount we will consider a number of factors in order to assess your health for your company as well as the amount of repayments your company can support. The amount you receive from the loan will be determined by the particular circumstances for your business.
When you submit an application for a particular amount, we will consider a number of elements to determine the health of your company and the extent of the repayments your business is able to afford. The amount you receive from your loan will be contingent on the specifics that are unique to your business.
If you decide to apply for the business loans, we will assess the risk assessment of your business and provide you with a customised offer that includes the amount of loan, the term and interest rates. This company loan is an upfront priced loan which means you know the exact amount payable including any charges or interest.
The interest rates on company loans rates depend on several factors like the amount of money borrowed, the business assets the funds will be used for in addition to the industry that the business is operating in, how long the company has been running, what percentage of the company has enough cash flow to cover the loan, and overall health or financial standing of the company.
There are no hidden fees for our company loans. You’ll know exactly how much you be required to pay, and at what time, from day one. There’s no compounding interest and there are no additional charges (as long as you make your payments punctually).
We don’t charge an application fee. You can make an application for loans with with no upfront cost or obligation to proceed.
The Origination Fee covers the costs associated with the setting up and management of the loan. The only way to pay this fee if you decide to take the loan. The Origination Fee for us is 2.5% of the amount of loan.
You can decide to repay the total amount of your advance loan at any time.
If you choose to pursue this option, please talk to one of our helpful company loans experts. They will offer you with details for repayment and an early payment figure. It will be calculated using the sum of the principal balance and any accrued interest at the date of early payout plus 1.5 percent of the remaining principal and any fees that remain unpaid.
To help you avoid missing payment dates and to align with your cash flow cycle we provide repayments either daily or weekly. These are automatically deducted from your designated company account.
Security of your data, and knowing the ways we gather the information we collect, use, share and ensure the security of your information is vital and is an essential aspect of our relationship with you.
Yes. We use industry recognised encryption standards to secure your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our commitment to the security of our customers as well as their security. We utilise a sophisticated bank verification system that allows you to immediately confirm your bank account information online, allowing us to provide a fast response.
Asset-based borrowing occurs when a business owner makes use of an asset that they own to get the funding. The asset can be either an individual asset, such as the family home, or it could be a business asset like a truck or piece of equipment.
The majority of banks, including the major banks, prefer to secure loans against assets. If you are having difficulty paying back the loan then the asset could be transferred to the lender. In essence it’s means of securing new funding using the worth of the asset you already own.
For loans up to $150,000 the requirement for asset security is not required in advance to gain access to the funds however, we do need the personal guarantee. In the event that you fulfill your loan obligations (as specified in your loan contract), asset security will never be required. For loans of over $150K typically, you will need a personal guarantee and security that is in the form a charge over assets.
Although we can’t help with an unsecured business loan for those industries, we might be able assist by providing the secured business loan.
