Unsecured Business Loans Long Bay Auckland

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

Unsecured Business Loans Long Bay

A Long Bay unsecured business loan is quick and easy to apply for. Apply for a loan quickly and begin using the money to grow your business.

  • Would extra funds help your business by allowing you to work capital or for the potential for growth?
  • How do you finance your company requirements?

What to expect:

  • It’s easy to apply to be approved and receive cash as quickly as tomorrow
  • Optionally no reayments in the first 4 weeks
  • Borrow from $5k to $500K
  • Terms from 3 to 36 month
  • Competitive interest prices
  • Minimal docs required

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

Call Now 0800 200 324
Business loans, especially those that are unsecured business loan or line of credit for business funding need not be a stressful procedure. Business finance is in the form of small business loans that have an interest rate cost, and with a repayment time that will suit your business liquidity.
Business Lenders for Business Goals
I am now able to make the coffee I serve my customers with the best equipment.
Cafe Owner
A simple loan application process that comes with a high borrowing limit, minimal credit criteria and no need to submit a business plan. Do not use your personal credit card and business credit cards to fund your company.
Unsecured Loans Made Simple
I can get my tax back to keep me on track.
Small Business Owner
I'm now able to finance the renovation of our new Long Bay resturant without having to borrow cash from other locations.
Long Bay Resturant Owner
I can now hire a marketing professional to help me take my business to the next stage.
Growing Long Bay Business
Business business loans, interest rates and repayment terms and flexible repayment options to meet you company requirements.
Business Lending Options
I am now able to take an extended vacation knowing that my Long Bay company will run effortlessly.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for the company financing within Long Bay with us is easy and takes just about a couple of minutes, there are no lengthy forms or lines.

Get approved and receive your cash within 1 – 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We want to assist Long Bay businesses of all kinds, including medium, small and even entrepreneurs to obtain funding fast so they can take advantage of loans to grow and build.

  • It begins with an easy online application or a phone call
  • Flexible terms for repayment to fit your company
  • Fast funding within a day or two days
  • A team that wants to see you succeed as well as you business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • Minimum of 6 months in business
  • A minimum of $6,000 in 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 a New Zealand bank as your primary account for trading
  • Bank statements from the previous six months

Are you looking for additional funding? Check out the eligibility requirements for our $100K to $500K business loan.

Here's How Others Have Benefited

Examples of Business Loans

With the busy holiday season fast approaching, a clothes store needed additional working capital to buy more stock and also benefit from a supplier discount. They secured $20K over the course of 12 months, with no security for assets and received the funds within 24 hours.
Clothing Store
The owner of a restaurant wanted to open a second establishment and needed funding to fit out. The bank was not interested in helping. The typical monthly income for them was $50K. They were able to borrow $66K over 24 months. The turnaround time was just 8 hours.
Restaurant Owner
The proprietor of a small grocery store doing $70K a month borrowed $76K over a 24-month term with no repayments for the first four weeks. This had a requirement of 12 months' bank statements. The turn around time was 6 hours from submitting the application to receiving the money.
Grocery Store Small Business Loan
A company coach was seeking to invest in the well-being as well as beauty business. With just a little more than $12K in monthly revenues they borrowed $24K in 24 months. This only required 12 months of bank statement and was completed in just 8 hours.
Business Coach
An interior designer had spotted an opportunity to grow their company and required working capital to fund this growth. With a monthly revenue of $300K they borrowed $250K in 24 months. The time to turn around for them was only two days and all they needed to present were 12 months worth of banking statements, IRD confirmation, and their trust deed.
Interior Designer
Simple eligibility checklist

Larger Long Bay Business Loan Eligibility Criteria

The requirements for eligibility to be eligible for loans from larger Long Bay business loans of between $100K and $500K include:

  • A minimum of 3 years of business
  • At least $700K in annual income
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for evidence of identity
  • Have an account with a New Zealand bank as your principal trading account
  • Bank statements from the past 6 months
  • Some financial statements such and 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 to $100K Long Bay unsecured company loans.

Business Lending for a Cash Injection

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

A Long Bay unsecured loan is perfect for nearly any company purpose. Call us now.

  • Expand or renovate commercial properties
  • Hire more staff during busy times
  • Boost stock quantities to keep pace with demand
  • Develop a new website, or improve your marketing
  • Invest in the latest equipment, tools or new technologies
  • Buy extra stock to meet the seasonal demand
  • Control cash flow fluctuations
  • And many more …

Want to get started on one of these as soon as tomorrow? Contact us or send your application online to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All you need to start is your contact information (the name of your company, your name, email address or phone number) along with the amount you’d like to borrow and your monthly earnings.

While in the process and before settlement we’ll need confirmation of who you are however, not in order to begin:

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

In addition, once we have started with loans that exceed $150,000, you will also require the following 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 restaurant owner was wanting to open a second location and needed funding to remodel. Their bank wasn't interested in helping. Typical monthly revenue for them was $50K, and they were able to get a loan of $66K over the course of 24 months. The turnaround time was just 8 hours.
Restaurant Owner
Acquiring a pizza restaurant and two liquor stores six to to 12 months ago, the new owners were seeking more funds. The revenue total was greater than $500K per month and they were able to borrow $300K, split out as $100K per store on an option of both 24 and 36 month terms. No security over the owners homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
An interior designer had spotted an opportunity to increase the size of their company and needed working capital in order to finance this growth. With a monthly revenue of $300K they borrowed $250K over the course of 24 months. Turnaround time for them was just two days, and all they had for them to present the required documents were twelve months' bank statement IRD confirmation, IRD confirmation and their trust deed.
Interior Designer
The owner of a modest grocery store making $70K a month borrowed $76K over a 24 month period with no repayments for the first four weeks. This was contingent on 12 months of bank statements. The turn around time was 6 hours from the moment you applied to receiving the funds.
Grocery Store Small Business Loan
With the busy Christmas season fast approaching, a clothes store needed additional working capital to buy more inventory and to take advantage of a supplier discount. They were able to borrow $20K for 12 months, with no asset security required and had the money in just 24 hours.
Clothing Store

Unsecured Business Loan Long Bay Auckland 0630

The lending landscape has changed

With traditional and bank lenders increasing their credit requirements The steady flow of non-bank and alternative loan providers that are entering the market provides a great resource for you to tap into.

Long Bay SME’s are now able to access finance through alternative lenders who service Long Bay who are focused on facilitating company expansion or smoothing cash flow issues. In the past, when private credit options (drawing equity from the house loan, or using credit cards, personal loans and the overdraft) were the only alternative financing services for Long Bay that were available.

There is now no need of having to depend on real estate to secure business loans. With an unsecured loan business funding is made simple. Instead of a term loan with banks, business finance for an SME with interest rates and loan terms that help with cash flow is around as business loan options.

 

 

High level summary

Separate personal and business debt

There are numerous benefits by separating personal and company debt.

  • Your home or other investments, aren’t tethered in order to access funds
  • This company stands in more favourable position to establish its own, solid credit history
  • It’s much more straightforward for tax time
  • Companies can quickly view their cash flow, monitor and plan based on their ability to clearly assess their cash flow position

Limit your exposure, make the tax process easier, get started 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 business assets apart can be that your house isn’t required to be tied for access to the money. For a small business loan within Long Bay up to $100K an asset security agreement will not be required as long as the borrower fulfills the loan requirements.

Credit history

Businesses are in a more advantageous long-term situation if they can show good credit and debt serviceability.

Tax

The separation of personal as well as business financial accounts makes it more straightforward when it comes to tax time, particularly when determining the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the rules on the evidence required for claiming deductions on an individual’s tax return. This is an area that the IRD has specifically advised on.

Cash flow

Effective management of cash flows is crucial to the long-term viability that of any business. By keeping personal and business finances separate, businesses can easily view how they are performing, monitor and plan on their ability to accurately determine their cash flow status.

Business credit rates and repayment terms and flexible repayment options to fit the needs of your company needs.
Business Lending Options
I can now make beverages for clients using the best equipment.
Cafe Owner
I'm now able hire a marketer to increase the success of my company to the next step of business growth.
Growing Business
Business loans, specifically an unsecured business loan or line of credit to business financing require have no difficult process. Business finance is in the form of small business loans at an interest rates and repayment time that will suit the requirements of your company financial needs.
Business Lenders for Business Goals
I can now fund the fitout of our newly constructed Long Bay resturant without having to borrow cash from other resturants.
Long Bay Resturant Owner
An easy loan application process that comes with a high amount of borrowing capacity, a low credit criteria and there is no requirement to present a business plan. Do not use your personal credit card and business credit card to fund your business.
Unsecured Loans Made Simple
I'm able get my tax back to keep me on track.
Small Business Owner
I'm now able to go on an extended vacation knowing that my Long Bay company will run smoothly.
Local Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Long Bay Small Business Loans

Let me know what you think of the Long Bay Small Business Loans

Long Bay unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.

How is how is the Unsecured Loan different from the traditional company loan?

Apply for your Small Business Loan in under 10 minutes on the internet or by phone. You will receive an instant response and the money could be on your account within 24 hours. Traditional company loans have an annual rate of interest plus other fees and charges. We offer a company loan is an upfront priced loan therefore you’ll be aware in advance of the amount you will have to pay, including any fees, interest or charges. Then, it is broken down into a daily or weekly repayment figure.

What can the Small Business Loan be used for?

It is a Small Business Loan can be used for nearly any business need, such as the management of cash flow, business remodels and marketing for purchasing inventory or new equipment, as general working capital and much more. The loan cannot be used to fund personal expenses.

About the Larger Long Bay Business Loans

What is the Larger Long Bay Business Loan?

The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans range from $100,000 to $500,000 for a fixed period of with a maximum of 36 months. The repayments are made weekly or fortnightly, depending on your cash flow.

How is the Origination Fee calculated?

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

Can I get the Larger Business Loan?

To be eligible for a credit of this size the business needs to be operating for a minimum of 3 years and generate an annual revenue of $700K. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.

What can I use the funds for?

A Business Loan of a larger size can be used for almost all company need, including company remodeling, buying equipment or inventory, as general working capital and so much more. The loan cannot be used for personal use.

Is the Larger Business Loan one that requires security?

Asset security is needed to access funding over $150,000. This can be done by taking a charge on assets, and could include registering this through the PPSR or filing as a caveat.

A director’s or personal guarantee is a promise to pay off a credit line that is general in nature rather than defining the security of a specific asset. The person who signs the ensure is personally liable in the event that the company lender is not able 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 granted to individuals who own personal property (including the assets or goods). The PPSR gives the priority of personal property granted depending on the date that a security interest has been registered.

An affidavit is an official form of document to provide the public notice of a legal claim to property.

What is a pre-approval that does not require Credit Check?

If you’re seeking an enterprise loan that is greater than $250,000 it is possible to offer a preliminary pre-approval to help make the process. We may be able to make this decision 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 some financial well-being checks. It is neither an offer nor a guarantee of funds. Unconditional approval is subject to a full credit assessment and any offer that you might receive could have different conditions.

The application process

Do I have the right to receive funds?

You are eligible to apply for a business loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are 18 years or older, have a New Zealand business (with a valid NZBN/IRD)
  • must show at least six months of trading (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 application process is quick and simple. Simply complete the online form within a few minutes and an experienced business expert in lending will be in touch to guide you.

To apply for up $100,000, you’ll require identification details (valid Driver’s License), an active NZBN/IRD, and at least 6 months of bank statements.

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

$100K – $250K: Information about the application including credit consent, 6 – 12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K to $500K: Details of the application, including credit consent, 12 months of bank statements, IRD statements Last 2 years’ finalised financial statements, as well as interim current financial year financials such as age-related payables and aged Receivables summaries.

How quickly will I receive a decision?

For an unsecured loan ($5K and up) we usually offer an answer within an hour, provided you apply within quality business time and allow us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you decide to upload copies of your banking statements , we will be able to offer the decision in as little as one business day.

For Larger Business Loans ($100K up to $500,000) we could be capable of provide you with conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval form, it will take about 2-3 days for final approval, however this may be quicker depending on the circumstances of each application. Certain agreements have been approved within the space of 24 hours.

The quickest method for you to apply is ensure you apply during standard company hours. You can also allow us to use the advance bank verification to instantly confirm your bank details online. If you upload duplicates of your banking accounts, it takes a bit longer.

How quickly will I receive the money?

For the Small Business Loan ($5K up to $100,000) we usually offer an answer within one hour – as long as you make your application during normal business times and permit us to use the advanced bank verification system to immediately verify your bank account information online. If you opt to upload copies of your bank statements we can offer the decision in as little as 1 business day.

For the Larger Business Loans ($100K up to $500,000) we could be capable of offer you with a conditional pre-approval within about six hours. Once you have signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this may be quicker depending upon the circumstances for each application. Some deals have been approved within less than 24 hours.

The fastest method is to ensure you apply during standard business hours. Also, allow us to use the advance bank verification link to check your bank’s information online. If you upload copies of your bank statement, it may take a bit longer.

What is the maximum amount I can borrow?

We offer loans ranging from $5,000 to $500,000. When you make an application for a certain amount we consider a variety of factors in order to assess your well-being for your company as well as the amount of repayments your business will be able to support. The amount you receive from your loan will depend on the specific circumstances that are unique to your business.

When you submit an application for a certain amount, we take into consideration a variety of aspects to assess your well-being of the business and the extent of repayments your business will be able to support. The total amount of your loan will be contingent on the particulars the company.

Fees & repayments

What is the cost for an company loan?

If you decide to make an application for our company credit, we’ll assess the risk profile for your business and provide you with a customised proposal that includes the loan amount, the terms and the interest rates. This company loan is a loan that is priced upfront so you will be aware of the total amount payable including any charges, interest rates or fees.

What is the basis for the rate I pay?

Interest rates for company loans rates depend on a variety of factors including the amount borrowed, what company assets the funds will be used for, the industry the company is in, how long the business has been operating for, in the event that the company has sufficient cash flow to fund the loan, and overall health or financial standing of the business.

What are the fees?

There aren’t any hidden costs for our business loans. You’ll know precisely how much you’ll need to pay, and when, right from day one. There’s not any compounding interest and no extra fees (as as long as you pay your payments punctually).

We don’t charge an Application Fee. You are able to get a cash loan with no cost upfront or commitment to apply.

The Origination Fee includes the expenses associated with setting up and managing the loan. You are only charged this cost if you take out the loan. Our Origination Fee is 2.5 percentage of the loan amount.

Do I have the option of paying off the loan early?

You may choose to pay back the total amount of your loan early at any time.

If you choose to take this route, please speak to our friendly business loans experts. We will provide you with details for repayment as well as an early payout amount. The figure will be calculated as the total of the principal amount remaining and the accrued interest up to the time of early payment, plus 1.5% of the principal remaining plus any outstanding fees.

How do repayments work?

To ensure you do not miss due dates and also to be in line your cash flow cycle we offer repayments that are either daily or weekly. These are automatically withdrawn from your company account.

Security & privacy

Will my information be protected?

Making sure that your information is secure, and making it clear the ways we gather data, process, exchange and safeguard your data, is crucial and a vital element of our relationship with you.

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

Yes. We employ industry-recognised encryption standards to secure your sensitive, personal financial information and our funders are ISO 27001 certified for our dedication to security for our clients and privacy. We employ a highly sophisticated bank verification system that allows you to instantly verify the bank account details online so we can provide rapid response.

About business loans

What exactly is an asset-based loan (a secured loan)?

Asset-based borrowing occurs when the company owner borrows from an asset they own to obtain a loan. The asset can be either an individual asset, such as the family home, or a business asset such as a truck or piece of equipment.

The vast majority of banks, including the major banks, prefer to secure loans against assets. If you are having difficulty paying back the loan, the asset might be sold by the lender. In essence it is an opportunity to secure new financing by using the worth of the asset you already have.

What do I require security to get a company loan?

For loans that exceed $150,000, no asset security is required before you can access the money however, we require a personal guarantee. need an individual guarantee. In the event that you fulfill your loan obligations (as stipulated in the loan contract) and you are able to meet your obligations, asset security will never be required. For loans of over $150,000 generally there is personal guarantee and security in the form of a charge over assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction houses or auction websites
  • Debt collection companies & debt purchasers
  • Direct marketers such as fundraising, telemarketing, mail order, direct-mail etc.
  • Financial lenders or institutions
  • {Firearm dealers
  • Foreign currency exchange services
  • Freight forwarding and customs clearing houses
  • Anything gambling related
  • Not-for-profit organisationsincluding charities, churches etc.
  • Panel beaters & smash repairers
  • Pawn shops & pawnbrokers
  • Property development
  • Stockbrokers, shares orinvesment businesses
  • Tattoo palours
  • Taxi & ridesharing services
  • Entertainment sales or ticket resellers
  • Towing services
  • Secondhand vehicle companies
  • Automotive glass tintingcompanies
  • Vehicle wrecking yards

Although we cannot assist with an unsecured business loan for the above industries, we might be able to assist you by providing the secured business loan.

Auckland Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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Contact Us

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0800 200 324