Unsecured Business Loans Castor Bay Auckland

By This Tomorrow You Could Be All Set For Success By ObtainingThe Help Of a Castor Bay Business Loan

Unsecured Business Loans Castor Bay

A Castor Bay unsecured business loan is quick and easy to get. Get a quick apporval and begin using the money in your business.

  • Do you think that additional funds could help your business with working capital or to realise a growth opportunity?
  • What is the financing strategy you are using to fund your company needs?

You can expect:

  • Easy process to fill out and receive approval and funds as soon as tomorrow
  • No reayments are permitted in the first four weeks
  • The range of borrowing is from $5k to $500K.
  • Terms ranging from 3 to 36 months
  • Competitive interest rates
  • Minimal documentation required

The eligibility requirements for an unsecured business loan to be made in Castor Bay are fairly minimal.

Call Now 0800 200 324
Business loans, especially those that are unsecured business loan or line of credit to business financing need not be a stressfull process. Business finance is in the form of small business loans with an interest rates and repayment time which is compatible with your company financial needs.
Business Lenders for Business Goals
I can get my tax back in order.
Small Business Owner
I'm now able make beverages for clients with the best equipment.
Cafe Owner
Business loans with interest rates and repayment terms and flexible repayment options to suit the requirements of your business needs.
Business Lending Options
An easy loan application process with a huge limit on borrowing, no credit criteria and no requirement to provide a business plan. Stop using your personal credit card or business credit card to finance your company.
Unsecured Loans Made Simple
I can now fund the renovation of our new Castor Bay resturant without having to borrow cash from other locations.
Castor Bay Resturant Owner
I'm now able employ an specialist marketer to boost my business to the next stage.
Growing Castor Bay Business
I'm now able to go on vacation knowing that it is safe knowing that Castor Bay company will run well.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

The process of applying for business loans in Castor Bay business credit within Castor Bay with us is easy and takes just a few minutes, no long lines of paperwork or waiting in line.

Receive approval and funds within 1-2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Castor Bay businesses of all sorts small, medium even entrepreneurs to obtain money quickly, so that they can use the loan to expand and grow.

  • It all starts with a simple online application or by phone
  • Flexible repayment terms that can be tailored to your company
  • Fast cash in just a day or two days
  • We want to see you succeed as well as you company to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for obtaining an unsecured business loan in Castor Bay of between $5K and $100K is fairly low.

  • A minimum of six months in business
  • At least $6,000 revenue per month
  • Be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for proof of identity
  • Make sure you have an account with a New Zealand bank as your principal trading account
  • Bank statements from the previous six months

Do you need more money? Check out the guidelines for eligibility for our $100K-$500K company loan.

Here's How Other People Have Benefited

Examples of Business Loans

With the busy Christmas season fast approaching, a clothes store required working capital in order to purchase more inventory and benefit from discounts offered by suppliers. They were able to borrow $20K for 12 months without security for assets and received the money in just 24 hours.
Clothing Store
When they purchased a pizza shop and two liquor stores 6-to 12 months ago, the new owners were seeking more funds. The combined revenue was over $500K per month . The owners could have borrowed $300K. This was then split as $100K for each store using an option of both 24 and 36 months. No security over the owner's houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
A gym that was in operation for more than 3 years wanted to grow and was in need of additional equipment. With a monthly turnover of $37K they borrowed $72K over a 24- month period. There was no security requirement for the loan and it was settled in just 24 hours.
Gym
A restaurant owner wanted to open a second establishment and needed funding to renovation. The bank they approached wasn't interested in helping. Their typical monthly earnings was $50K, and they were able borrow $66K in 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
A company coach was seeking to invest in an health and cosmetics company. With a little over twelve thousand dollars in monthly income the business was able to borrow $24K over 24 months. The loan required twelve months worth of statement and was done in 8 hours.
Business Coach
Simple eligibility checklist

Larger Castor Bay Business Loan Eligibility Criteria

The requirements for eligibility to be eligible for larger Castor Bay business loans of between $100K and $500K are:

  • Minimum of 3 years trading in business
  • At least $700K in annual revenue
  • You must be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for identification proof
  • Make sure you have a New Zealand bank as your principal account for trading
  • Bank statements from the previous six months
  • Certain financial statements include Profit & Loss, and aged accounts Payable and Receivable

Do you require a smaller amount of capital? Take a look at the eligibility requirements for our $5K to $100K Castor Bay unsecured business loans.

Business Lending for a Cash Injection

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

A Castor Bay unsecured loan is great to use for any business reason. Call us now.

  • Add or remodel commercial properties
  • Hire more staff during busy periods
  • Boost stock quantities to keep up with demand
  • Create a new site or enhance your marketing
  • Consider investing in new equipment, tools or the latest technology
  • Buy extra stock to meet the seasonal demand
  • Control cash flow fluctuations
  • Plus many more …

Do you want to start working on one of these projects as soon as tomorrow? Contact us today or send an application online to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All you need to get started is your contact information (company name and your name, as well as email and telephone) along with the amount you’d like to borrow, and your monthly revenue.

While in the process and before settlement we’ll require confirmation of who you are but not to get started:

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

In addition, once we have started when it comes to loans over $150,000 you will also need basic financial statements.

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

A gym that had been operating for over three years, was planning to expand and needed additional equipment. With monthly revenue of $37K they borrowed $72K over a 24 month period. No security was needed and the loan was ready within 24 hours.
Gym
The owner of a small grocery store doing $70K a month borrowed $76K over a 24-month term with no repayments for the first 4 weeks. This was contingent on 12 months of bank statements. The time to turn around was just six hours from submitting the application to receiving the money.
Grocery Store Small Business Loan
An interior designer had spotted an opportunity to grow their company and required working capital to fund this growth. With an annual revenue of $300K they borrowed $250K over 24 months. The time to turn around for them was only 2 days, and all they had for them to provide the required documents were twelve months' bank statement IRD confirmation, IRD confirmation and their trust deed.
Interior Designer
Acquiring a pizza store as well as two liquor stores 6-12 months prior, the new owners were seeking more funds. The total revenue of the two stores was more than 500K per month. They were able to obtain $300K. The loan was split into $100K for each store using a mix of 24 and 36 month terms. No security over the owners houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A plumber who has worked in the business for three years with $80K in monthly sales was in search of additional funds. They were able to borrow $153K over 36 months. All they needed was 12 months of bank statement and confirmation of the status with IRD. The process was completed in less than just a few hours and the plumber received their additional working capital available in their account soon afterward.
Plumber

Unsecured Business Loan Castor Bay Auckland 0620

The lending landscape has changed

In the wake of traditional lenders and banks tightening credit conditions as well as the continuous stream of non-bank and alternative loan providers that are entering the market offers an incredible source for you to access.

Castor Bay SME’s are now being able to get finance from other lenders in Castor Bay who are focused on enabling company expansion or smoothing problems with cash flow. In the past private credit options (drawing equity from a house loan, or using credit cards in addition to personal loans and overdrafts) were the only alternative financing solutions for Castor Bay that were around.

There’s there is no need in the present to depend on using real estate to secure company credit. With an unsecured loan, business funding is made simple. Instead of a term loan with a bank, business finance for a small company with interest rates and loan terms that aid in cash flow are available as business loans.

 

 

High level summary

Separate personal and business debt

There are many advantages associated with separating personal and business debt.

  • Your home or other investments, aren’t tied up to allow access to funds
  • It is the company is in a stronger position to create its own, solid credit history
  • It’s significantly more seamless during tax time
  • Businesses are able to easily review, monitor and plan based on being able to easily assess their cash flow position

Reduce your risk, make your tax time simpler, start with an unsecure loan for business. Apply today.

For those who like the detail

Separate personal and business debt

Risk

One of the main benefits of keeping your private and company assets separate can be that your house does not have to be tied to allow access to the funds. For a small business loan within Castor Bay 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 favourable long-term position if they are able to demonstrate credit/debt serviceability.

Tax

It is important to separate personal from company finances makes it more straightforward with regards to tax time, particularly when determining what is the tax deductible allocation. The IRD has outlined the guidelines for the documentation required for claiming deductions on an organisation’s tax return. This is a subject that the IRD has advised specifically on.

Cash flow

Effective cash flow management is crucial to the long-term success for any business. Through keeping your personal finances and business finance separate, companies can easily view their cash flow, plan and monitor it based on the ability to clearly determine their cash flow status.

I'm able to get my tax back in order.
Small Business Owner
I'm now able make beverages for clients using the best equipment.
Cafe Owner
I'm now able to finance the construction of our new Castor Bay resturant without having to take cash from other locations.
Castor Bay Resturant Owner
I'm now able hire an experienced marketer to help me help me take my company to the next step of business growth.
Growing Business
Business loans with interest rates and repayment conditions, and flexible repayment options to fit your company needs.
Business Lending Options
A simple loan application process with a generous borrowing limit, minimal requirements for credit and there is no need to present a business plan. You no longer need to use your personal credit card or company credit cards in order to fund your company.
Unsecured Loans Made Simple
Business loans, specifically an unsecured business loan or line of credit for business financing require never be an stressfull procedure. Business finance is in the form of small business loans at an interest rate cost, and with a repayment schedule that is suitable for the requirements of your business budget.
Business Lenders for Business Goals
I'm now able take a holiday knowing I am confident that my Castor Bay business will run effortlessly.
Local Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Castor Bay Small Business Loans

Tell me more about Castor Bay Small Business Loans

Castor Bay unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 months and cash flow friendly repayments that are either daily or weekly.

What is this Unsecured Loan different from an ordinary company loan?

The application to your Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get a same day response and funds may be on your account within 24 hours. Traditional company loans are based on an annual interest rate plus other fees and charges. We offer a business loan is a cash-based loan so you will know in advance the total amount to be paid, including the interest, fees and charges. Then, it is broken down into either a daily or weekly amount to be paid back.

What could the Small Business Loan be used for?

A Small Business Loan can be used for nearly every business reason, such as the management of cash flow, business remodeling, marketing, to purchase inventory or new equipment, to fund general working capital, and much more. The loan cannot be used for personal reasons.

About Larger Castor Bay Business Loans

What is the Larger Castor Bay Business Loan?

The Larger Business Loan is a larger size of loan that can be used to fund business expansion opportunities. Loans range between $100,000 and $500,000 over a fixed term with a maximum of 36 months. Repayments are scheduled weekly or fortnightly to work with your cash flow.

How is the Origination Fee determined?

A Larger Business Loan has an Origination Fee, which is calculated at 2.5% of the loan amount.

Am I eligible for the Larger Business Loan?

In order to be eligible for a loan of this size the business needs to be operating for a minimum of 3 years and generate an annual revenue 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 least 12 months of trading.

What can I use the funds for?

A larger business loan is a great option for almost all company use, including business remodeling, buying equipment or inventory for general working capital and so much more. The loan is not available for personal purposes.

Is the Larger Business Loan a secured loan?

Asset security is necessary for funding of more than $150,000. This can be done in the form of a charge over assets, and may include registering this with the PPSR or the registration of as a caveat.

A director’s or personal ensure is a guarantee to pay off a credit line that is generally based rather than specifying security over a particular asset. The person who is signing the ensure is personally liable in the event that the business borrower is unable to make the repayment.

The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including the assets or goods). The PPSR gives priority over personal property to be assigned depending on the date that a security interest has been registered.

Caveats are legal document lodged to provide an official notice of a claim to property.

What is a pre-approval without Credit Check?

If you’re seeking a Larger Business Loan of $250,000 or more we can offer an initial pre-approval to make the process. We might be able to make this decision without a credit check, and within 6 hours of the initial application. This pre-approval is made based on an initial assessment, which involves answering a couple of financial well-being checks. It’s not an offer or guarantee of financing. Acceptance without condition is subject to an extensive credit evaluation and any offer you receive could be based on different terms.

The application process

Can I be eligible for funding?

You can apply for an company loan if you:

  • are a New Zealand Citizen (or Permanent Resident)
  • are at least 18 years old, have a New Zealand business (with a valid NZBN/IRD)
  • can demonstrate at least 6 months of business (for the unsecured loan $5K – $100K) or 3 years of trading (for the Larger Business Loan $100K up to $500K)

How do I apply?

The process for applying is fast and simple. Complete the online form in few minutes and a dedicated company lending specialist will contact you to help you.

To apply for up $100,000 you’ll require proof of identity (valid Driver’s Licence) along with an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.

For larger loan sizes, you’ll need:

$100K-$250K: Application requirements, including credit approval, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K to $500K: Information on the application including credit consent, 12 months bank statement, an IRD statements, last 2 years finalised financial statements, plus interim financial statements for the current year, Aged Payables and Aged Receivables summaries.

How fast will I get a decision?

For an unsecured loan ($5K to $100K) we typically offer an answer within an hour, provided you make your application in standard business timings and you allow us to utilise the bank verification system to instantly verify your bank details online. If you decide to submit copies of your bank statement, we’ll provide the decision in as little as 1 company day.

If you are applying for a Larger Business Loan ($100K to $500K) we might be capable of offer you with conditional pre-approval within six hours. After you’ve signed your pre-approval form, it will take between 2 and 3 days for the final approval. However, this may be quicker depending on the specifics of each application. Certain agreements have been approved in just 24 hours.

The quickest way to apply can be make sure you apply during normal company hours. Also, allow us to use our modern bank verification link to instantly verify your bank information online. If you decide to send us copies of your bank statement, it will take a little longer.

How soon will I receive the cash?

For the Small Business Loan ($5K and up) We can usually provide a response in one hour, provided you submit your request at standard business time and let us utilise the advanced bank verification system to immediately verify your bank account information online. If you opt to upload copies of your bank statements, we are able to provide the decision in just the span of one business day.

If you are applying for Larger Business Loans ($100K or more) We may be capable of offer you with conditional pre-approval in around six hours. Once you have signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Some agreements have been approved in just 24 hours.

The most efficient method for you to apply is make sure you apply during standard business hours. Also, allow us to use the modern bank verification to instantly confirm your bank details online. If you upload copies of your bank statements, it may take a bit longer.

What is the maximum amount I can borrow?

We offer the loan amount between $5,000 to $500,000. When you submit an application for a certain amount we take into consideration a range of variables for determining how much we can lend you health for your business and the extent of the repayments your business will be able to support. The total amount of your loan will depend on the particular circumstances for your business.

When you submit an application for a specific amount we look at a range of aspects to assess the health of the company and the level of repayments your company can support. The amount you receive from your loan will be determined by the particular circumstances of your business.

Fees & repayments

How much do you charge for an business loan?

When you request one of our company loans, we will assess the risk assessment for your business and offer you with a customised offer that includes the loan amount, the terms and interest rates. It is a company loan is a loan that is priced upfront so you will be aware of the total amount due, which includes any charges, interest rates or fees.

What is the basis for the rate I’m charged?

The interest rates on company loans rates differ based on various factors such as the amount that is that is borrowed, what company assets the funds are used to purchase as well as the field the business operates in, the long the business is in operation as well as how long the business has sufficient cash flow to pay for the loan, as well as the overall health and creditworthiness of the business.

What are the cost?

There are no hidden costs for our business loans. You’ll be aware of the amount you need to pay, and at what time, from the first day. There’s not any compounding interest and no additional fees (as long as you are able to make your payments on time).

We do not charge an application fee. You are able to make an application for loans with no upfront cost or the obligation to take action.

The Origination Fee includes the expenses associated with establishing and managing the loan. It is only charged for this fee if you proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.

Can I pay off the loan earlier?

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

If you decide to take this route, please talk to one of our helpful company loan professionals. We will offer you with details for repayment and an early payment figure. The figure will be calculated as the total of the remaining principal amount and the accrued interest up to the date of early payout plus 1.5% of the remaining principal as well as any outstanding fees.

What are the repayment methods?

To make sure you do not miss repayments and to fit in your cash flow schedule, we offer repayments either daily or weekly. These are automatically deducted from your nominated company account.

Security & privacy

Will my data be protected?

The security of your personal information, as well as making it clear the ways we gather, use, exchange and safeguard your data, is of huge importance and is a crucial part of our relationship 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 information and our funders are ISO 27001 certified for our dedication to the security of our clients as well as their privacy. We utilise a sophisticated bank verification system that allows you to immediately verify the bank account details online to provide a fast response.

About business loans

How do you define asset-based lending (a secured loan)?

Asset-based borrowing is when an business owner uses an asset they own to make the funding. The asset may be an individual property, such as the family home, or an business asset such as a truck or piece of equipment.

The vast majority of lenders, even the major banks, prefer to guarantee loans against assets. If you’re struggling to pay back the loan, your asset may be sold by the lender. In essence, it is a way of securing new financing taking advantage of the value of what you already have.

What do I need security to get an company loan?

For loans up to $150,000 no asset security is required in advance to gain access to the funds However, we do require the personal guarantee. As long as you follow your loan commitments (as stated in your loan contract document) and you are able to meet your obligations, asset security will never be needed. For loans over $150,000 generally there is the option of a personal ensure and security is provided in the form of an asset charge.

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 including mail order, fundraising, telemarketing, direct-mail etc.
  • Finance lenders & institutions
  • {Firearm related businesses
  • Foreign currency exchange services
  • Customs clearing houses and freight forwarding
  • Gambling related industries
  • Non-profit organisations such as charities and churches etc.
  • Smash repairers or panel beaters
  • Pawnbrokers and pawn shops
  • Property developers
  • Stockbrokers, shares &invesment businesses
  • Tattoo studios
  • Taxi or ride-sharing services
  • Ticket resellers and entertainment sales
  • Towing services
  • Used automotive dealers
  • Car glass tintingservices
  • Vehicle wrecking yards

We can’t assist with an unsecure business loan for the above industries, we might be able assist with a secured business loan.

Auckland 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
0800 200 324