A Massey unsecured business loan is quick and simple in applying for. Approve your loan in a matter of minutes and use the money to grow your business.
You can expect:
The criteria for eligibility for an unsecured business loan for a business loan Massey are fairly minimal.
Call Now 0800 200 324Applying for business loans in Massey company financing in Massey with us is simple and only takes less than a minute, with no long lines of paperwork or waiting in line.
Receive approval and funds in one to two business days.
Our goal is to assist Massey businesses of all kinds, including medium, small and even soloprenuers to get access to funds quickly so that they can utilise the loan to expand and develop.
The requirements for obtaining an unsecured business loan in Massey of between $5K and $100K are pretty minimal.
Do you need more money? Check out the conditions of eligibility for our $100K-$500K business financing.
The criteria for eligibility for the larger Massey company loans of between $100K to $500K comprise:
Do you require a smaller amount of money? Take a look at the guidelines for eligibility for our $5K-$100K Massey unsecured business loans.
A Massey unsecured loan is great to use for every business need. Call us now.
Are you looking to start one of these as soon as tomorrow? Contact us or send your application online to apply the fastest, most convenient way.
All that is needed to begin is your contact details (the name of your company, your name, email, phone), how much you’d like to borrow as well as your monthly income.
While in the process and before settlement we’ll need confirmation of who you are, however, not in order to begin:
Additionally after we get started when it comes to loans of more than $150,000 you will also require the following financial statements:
Let’s get started.
With traditional and bank lenders restricting credit, the steady stream of alternative and non-bank loan providers entering the market offers an incredible source for you to access.
Massey SME’s are now able to access finance through alternate lenders servicing Massey who are focused on enabling business growth or smoothing out cash flow issues. In the past individual credit providers (drawing equity from the house loan, or by using credit cards in addition to personal loans and the overdraft) were the only alternative funding solutions within Massey that were around.
There’s not a requirement in the present to depend on the real estate market to secure company loan. With an unsecured loan, business financing is now easy. Instead of a loan for a term with banks, business finance for a small company with interest rates and loan terms that aid with cash flow is available as business credit options.
There are substantial benefits associated by separating personal and business debt.
Limit your exposure, make tax time easier, get started with an unsecured busines loan. Get it today.
One of the main benefits of keeping your business and personal company assets apart will be the fact that your house does not have to be tied for access to the money. In the case of a business loan within Massey up to $100K asset security won’t be required so long as the borrower fulfills their loan obligations.
Businesses are in a more stable long-term position when they are able to demonstrate credit/debt capacity to pay.
A separation between personal and business finances makes it significantly more seamless when it comes to tax time - particularly when determining 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 the tax return of a company. This is an area that the IRD has advised specifically on.
Effective management of cash flows is vital to the longevity in any business. By maintaining personal as well as company finance separate, companies can easily view their cash flow, plan and monitor it based on the ability to effectively assess their cash flow position.
Massey unsecured loans provides amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow-friendly repayments that are either daily or weekly.
The application to this Small Business Loan in under 10 minutes online or over the phone. You’ll get an immediate response, and have the funds in your account within 24 hours. Traditional company loans have an annual rate of interest as well as other fees and charges. We offer a company loan is an upfront priced loan which means you be aware of the total amount to be paid, including any fees, interest or charges. This is then broken down into weekly or daily repayment figure.
The Small Business Loan can be used to fulfill almost every company need, such as cash flow management, company renovations, marketing, to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans range between $100,000 and $500,000 over a fixed term for up to 36 months. Repayments are scheduled weekly or fortnightly, depending on the flow of cash.
It is crucial to note that the Larger Business Loan has an Origination Fee, determined at 2.5 percentage of the amount of the loan.
In order to be eligible for a loan in this amount the company needs to be operating for at least three years and generate an annual revenue of at least $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A Larger Business Loan is a great option for almost any business need, including company renovations, purchase of equipment or inventory, as general working capital and much more. The loan cannot be used for personal purposes.
Asset security is required to access funding over $150,000. This is by taking a charge against assets, which could also be registered through the PPSR or the registration of a caveat.
A personal or director’s guarantee is a promise to repay credit that is generally in nature rather than specifying the security for a particular asset. The person who is signing the guarantee is personally liable if the company lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It lists security interests that are registered in respect of personal property (including goods or assets). The PPSR allows the priority of personal property granted according to the date the security interest that is registered.
A caveat is a legal form of document to offer notice of a legal claim on a property.
If you’re applying for an enterprise loan of more than $250K, we may offer a preliminary pre-approval to help ease the process. We could be able to do this without a credit check, and within 6 hours of your initial application. The pre-approval is based upon a preliminary assessment which includes answering a couple of financial health checks. It is neither an offer nor a guarantee of financing. Unconditional approval is subject to an assessment of your creditworthiness and any offer you are offered could be subject to different terms.
You are eligible to apply for an company loan if you;
The application process is quick and simple. Simply complete the online form within a few minutes and a dedicated business expert in lending will be in touch to guide you.
To be eligible for up to $100,000 you’ll need ID details (valid Driver’s Licence) as well as an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll also need:
$100K-$250K: Information about the application including credit consent, 6 – 12 months of bank statements, IRD statement (if credit is over $150K).
$250K – $500K: Information on the application including credit consent as well as 12 months bank statement, an IRD statement and the last two years’ finalised financial statements, and interim financials from the current financial year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K and up) we usually provide an answer in just one hour, provided you submit your request during quality business hours and you allow us to utilise the bank verification system link to instantly verify your bank’s information online. If you decide to submit copies of your bank statements , we are able to provide a decision in just the span of one business day.
For the Larger Business Loan ($100K or more) we may be capable of offer you with a 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 may be quicker depending on the specifics of each application. Certain transactions have received approval within the space of 24 hours.
The quickest way to apply is to make sure you apply during standard company hours. Also, let us use the modern bank verification to verify your bank information online. If you opt to upload duplicates of your banking statement, it takes a bit longer.
For the Small Business Loan ($5K or more) we typically provide an answer in just one hour, provided you make your application at normal business time and permit us to use the bank verification system to instantly verify your bank information online. If you choose to upload copies of your banking statements we can provide the decision in just an business day.
If you are applying for Larger Business Loans ($100K or more) We may be able to provide the conditional pre-approval within six hours. Once you have signed the pre-approval form, it will take around 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Some deals have been approved in less than 24 hours.
The fastest method would be to make sure you apply during standard business hours, and allow us to use the advanced bank verification system link to check your bank’s information online. If you opt to upload duplicates of your banking statements, it takes a bit longer.
We provide loan amounts between $5,000 and $500,000. When you submit an application for a specific amount we will consider a number of aspects that determine how much we can lend you well-being for your company and the extent of payments your company is able to afford. The amount you receive from your loan will be contingent on the specific circumstances the business.
When you apply for a set amount, we consider a variety of factors to determine the health that is your company and the extent of repayments that your business will be able to support. The total amount of your loan will be determined by the particulars the business.
If you decide to make an application for the business loan, we will assess the risk assessment of your company and provide you with a tailored offer including loan amount, term and the interest rates. A company loan is an upfront cost loan which means you be aware of the total amount due, which includes any costs, fees, or interest rates.
Business loan interest rates depend on a variety of factors such as the amount that is that is borrowed, what business assets the money will be used for as well as the field the business operates in, the long the business has been operating for, in the event that the company has enough cash flow to fund the loan, and general well-being or financial standing of the company.
There aren’t any hidden charges with our company loans, and you’ll know exactly how much you’ll be required to pay, and at what time, from the first day. There’s no compounding interest and no extra fees (as as long as you pay your payments in time).
We don’t charge an Application Fee. You are able to make an application for loans with no upfront cost or obligation to proceed.
The Origination Fee covers the costs associated with setting up and managing the loan. This is only a fee if you decide to take the loan. The Origination Fee for us is 2.5% of the amount of loan.
You may choose to pay back all of your loan at any point in time.
If you do decide to take this route, please speak to our friendly company loans professionals. They will provide you with the details of your repayment and an early payout figure. This is calculated as the total of the remaining principal amount and the accrued interest up to the date of early payout in addition to 1.5% of the remaining principal and any outstanding fees.
In order to help you avoid missing repayments and to fit in your cash flow schedule, we offer repayments either daily or weekly. They are automatically deducted from your designated business account.
The security of your personal information, as well as being upfront about how we collect the information we collect, use, share and ensure the security of your information is of huge importance and is an essential part of our relationship with you.
Yes. We employ industry-recognised encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our dedication to the security of our customers as well as their privacy. We make use of an advanced bank verification system link to instantly verify your bank account details online, allowing us to provide quick responses.
The term "asset-based" refers to borrowing where the company owner makes use of assets they own to make the funds for a loan. The asset can be either an asset belonging to the personal, like the family home, or a company asset such as a vehicle or piece of equipment.
The vast majority of the lenders not just the big banks, tend to secure loans against an asset. If you’re struggling to pay back the loan, your asset may be transferred to the lender. In essence, it is an opportunity to secure additional financing using the value of what you already have.
Up to $150,000 in loans the requirement for asset security is not required upfront to access the money However, we do need the personal guarantee. So long as you comply with your loan commitments (as specified in the loan contract) the security of assets is not needed. For loans over $150,000 generally, you can get an individual guarantee and security is provided in the form of a charge over assets.
Although we can’t help with an unsecure business loan for these types of industries, we may be able assist by providing secured business loan.
