A Massey unsecured business loan is quick and simple to get. Apply for a loan quickly and start using the funds in your business.
What to expect:
The conditions for eligibility for an unsecured business loan in Massey are fairly minimal.
Call Now 0800 200 324Making an application for the company credit within Massey with us is easy and takes only less than a minute, with no piles of paperwork or long waits.
Receive approval and money within 1-2 business days.
We want to assist Massey businesses of all kinds, from small to medium-sized solopreneurs to access money quickly, so that they can use the loan to grow and build.
The requirements for obtaining an unsecured business loan in Massey of between $5K and $100K are fairly minimal.
Looking for more funding? Take a look at the guidelines for eligibility for our $100K to $500K company credit.
The criteria to be eligible in the larger Massey company loans of between $100K and $500K are:
You are looking for a lesser amount of money? Look over the conditions for eligibility for our $5K to $100K Massey unsecured company loans.
A Massey unsecured loan is perfect for almost every company purpose. Call us now.
Do you want to begin one of these as soon as tomorrow? Get in touch with us or apply online now to get the fastest and most efficient process.
All that’s required to begin is your contact details (the name of your company, your name, email address and phone) along with the amount you want to borrow, and your monthly revenue.
During the process and before settlement we will need confirmation of who you are, but not before we can begin:
Additionally after we get started in the process, for loans of more than $150,000 you’ll need basic financial statements:
Let’s get started.
With banks and traditional lenders restricting credit The steady flow of alternative and non-bank loan providers that are entering the market provides an incredible source for you to take advantage of.
Massey SME’s are now in a position to obtain finance via alternative lenders that service Massey who are focused on enabling business growth or smoothing out problems with cash flow. The past was when private credit options (drawing equity from a house loan or credit cards and personal loans as well as credit cards) provided the most viable alternative funding services available in Massey that were available.
There is now there is no requirement of having to rely on using real estate to secure business lending. With an unsecured loan business funding is simple. Instead of a term loan through the bank, business finance for a small company with interest rates and loan terms that can help to manage cash flow are around as business lending options.
There are substantial benefits associated in separating personal from company debt.
Lower your risks, make the tax process much easier. Get started with an unsecure loan for business. Get it today.
One of the main benefits of keeping your business and personal company assets apart can be that your home isn’t required to be tied to access the funds. If you’re looking for a small business loan within Massey up to $100K, asset security will not be required as long as the borrower fulfills the loan requirements.
Businesses are in a more favourable long-term financial position if they have a good credit or debt ability to service.
A separation between personal and company financial accounts makes it more straightforward in the event of tax time - especially when it comes to determining the tax deductible allocation. The IRD has set out rules on the evidence required to be able to claim deductions on the tax return of a company. This is an area where the IRD have specifically advised on.
Effective cash flow management is essential to the long-term viability in any company. Through keeping personal and company finances separate, companies can easily view how they are performing, monitor and plan on the ability to clearly assess their cash flow position.
Massey unsecured loans provides the range of $5,000 to $100,000. Terms range from 3 and 24 months, cash flow friendly repayments, which are either daily or weekly.
The application to get this Small Business Loan in under 10 minutes over the phone. You’ll get an instant response and funds may be in your account within 24 hours. Traditional company loans have an annual interest rate as well as other fees and charges. This company loan is a pre-paid loan and you’ll know in advance the total amount due, which includes any fees, charges or charges. This is then divided into weekly or daily installment amount.
A Small Business Loan can be used for nearly every business use, including cash flow management, business improvements, advertising for purchasing inventory or new equipment, to fund general working capital and much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger loan size to support company growth opportunities. Loans range from $100,000 to $500,000 over a fixed term for up to 36 months. Repayments are scheduled weekly or fortnightly depending on your situation.
A Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the loan amount.
To qualify for a loan that is this large the business needs to be trading for at least 3 years, and have an annual income of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.
A Business Loan of a larger size can be used to fund almost all company purpose including company renovations, purchase of equipment or inventory as well as for general working capital, and much more. The loan is not available for personal reasons.
Asset security is required for funding of more than $150,000. It is usually by taking a charge over assets and can be registered on the PPSR or registering a caveat.
A personal or director’s guarantee is a guarantee to pay back a loan that is general in nature rather than defining the security for a particular asset. The person who is signing the guarantee is personally liable in the event that the company lender is not able to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It contains security interests registered in respect of personal property (including the assets or goods). The PPSR gives priority over personal property to be granted according to the date the security interest that is registered.
A caveat is a legal document lodged to offer the legal claim on a property.
If you’re applying for larger business loans that is greater than $250K it is possible to offer an initial pre-approval that will help make the process. It is possible to get this done without a credit check, and within six hours of your initial application. This pre-approval is based on a preliminary assessment which includes you answering a few financial well-being questions. This is neither an offer nor a guarantee of funds. The approval of a conditional loan is subject to an extensive credit evaluation and any offer that you might receive could be on different terms.
You may be eligible for a company loan if you;
The application process is quick and easy. Complete the online form within a couple minutes, and an experienced business expert in lending will call you to assist you.
To apply for up $100,000 you’ll need the right identification documents (valid Driver’s License) as well as a valid NZBN/IRD as well as at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K to $250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K-$500K: Application details including credit consent twelve months of bank records, IRD statement Last 2 years’ finalised financial statements, plus interim financials from the current financial year as well as Aged Payables and Receivables summary.
For an unsecured loan ($5K to $100K) we can often provide a response in one hour – as long as you apply within standard business hours and allow us to utilise the bank verification system to instantly verify your bank details online. If you decide to send us copies of your bank statements , we’ll be able to provide an answer within an business day.
For the Larger Business Loan ($100K up to $500,000) we may be able to provide you with pre-approval conditional to your application in around 6 hours. After you’ve signed your pre-approval form, it will take about 2-3 days for final approval. However, this can be quicker based on the particular circumstances of each application. Certain transactions have received approval within just 24 hours.
The most efficient method for you to apply is ensure you apply during standard business hours, and let us use the advanced bank verification system link to check your bank’s information online. If you opt to send us copies of your bank statement, it can take a bit longer.
For the Small Business Loan ($5K or more) We can usually offer an answer within an hour, provided you make your application within normal business hours and allow us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you opt to upload copies of your bank statement, we’ll offer the decision in just the span of one business day.
If you are applying for Larger Business Loans ($100K and up) We may be in a position to provide you with pre-approval conditional to your application within about 6 hours. Once you’ve signed the pre-approval document, you will need to wait approximately 2-3 days to receive final approval. However, this could be shorter based upon the circumstances for each application. Some transactions have received approval in less than 24 hours.
The quickest method can be make sure you apply during normal business hours. You can also allow us to use our sophisticated bank verification link to instantly check your bank’s information online. If you decide to upload documents from your account statements it will take a little longer.
We offer loan amounts between $5,000 to $500,000. When you make an application for a specific amount we will consider a number of aspects in order to assess how much we can lend you well-being for your business and the amount of the repayments your company can afford. The total amount of your loan will depend on the particular circumstances for your business.
When you apply for a particular amount, we look at a range of aspects to assess how much we can lend you such as well-being of your business as well as the amount of payments your business will be able to support. The total amount of your loan will be determined by the specific circumstances that are unique to your company.
When you request business loans with us business credit, we’ll assess the risk assessment of your company and offer you with a tailored offer including loan amount, term and the interest rates. A company loan is a loan that is priced upfront and you’ll be aware in advance of the total amount payable including any charges, interest rates or fees.
The interest rates on business loans rates differ based on various factors including the amount of money borrowed, the company assets the funds will be used for as well as the field the company is in, how long the company has been operating and in the event that the business has enough cash flow to fund the loan, and also the overall health or financial standing of the business.
There are no hidden fees for our business loans, and you’ll know exactly how much you need to pay, and when, right from the day you sign up. There’s no compounding interest and there are no additional charges (as as long as you pay your payments punctually).
We do not charge an application fee. You can get a cash loan with no cost upfront or commitment to apply.
The Origination Fee covers the costs 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 percent of the amount of loan.
You may choose to pay back the entire amount of the loan in full at any time.
If you are deciding to pursue this option, please contact our helpful company loan experts. We will provide you with details for repayment and an early payment figure. It will be calculated using the total of the principal balance plus any accrued interest as of the time of the early payout in addition to 1.5% of the remaining principal and any fees that remain unpaid.
To help you avoid missing due dates and also to be in line your cash flow schedule, we provide payments that are either weekly or daily. These are automatically withdrawn from your designated business account.
Security of your data, and being transparent about how we collect the information we collect, use, share and ensure the security of your information is of huge importance and an integral part of our relationship with you.
Yes. We employ industry-recognised encryption protocols to safeguard your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our commitment to the security of our clients as well as their privacy. We employ a highly sophisticated banking verification system to immediately verify your bank account information online, allowing us to offer a fast response.
Asset-based borrowing occurs when the business owner utilises the assets they have to obtain the loan. The asset may be an individual property, such as the family home or it could be a company property like a truck as well as a piece of machine.
The vast majority of the lenders including the largest banks, are inclined to guarantee loans against assets. If you are having difficulty paying back the loan, then your asset may be sold by the lender. In essence, it’s means of securing new financing by making use of the value of what you already have.
Up to $150,000 in loans the requirement for asset security is not required before you can access the money However, we do require a personal guarantee. If you adhere to the loan terms (as stated in the loan contract) Asset security is not required. For loans over $150K generally, you are able to get the option of a personal guarantee and security that is in the form the charge of assets.
We can’t assist with an unsecure business loan for these industries, we may be able to help you by providing an secured business loan.
