A Massey unsecured business loan is easy and quick to apply for. Request a quick approval and start using the funds for your business.
What to expect:
The eligibility requirements for an unsecured business loan within Massey are fairly minimal.
Call Now 0800 200 324The process of applying for an business loans in Massey with us is simple and only takes a few minutes, no mountains of paperwork or queues.
Be approved and receive your funds within 1 – 2 business days.
We are aiming to assist Massey companies of all kinds, from small to medium-sized solopreneurs access funds 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 pretty minimal.
Do you require more money? Check out the eligibility requirements for our $100K-$500K company loans.
The criteria for eligibility of loans from larger Massey company loans of between $100K and $500K are:
Looking for a smaller amount of funds? Take a look at the guidelines for eligibility for our $5K to $100K Massey unsecured business loans.
A Massey unsecured loan is perfect for almost every business use. Talk to us today.
Are you looking to start one of these projects as soon as tomorrow? Then get in touch with us or apply online now to get the fastest and most effective process.
All that’s required to begin is your contact information (company name and your name, as well as email or phone number) along with the amount you’d like to lend, and your monthly revenue.
During the process and before settlement we’ll need confirmation of your identity, but not for starting:
After we start with loans over $150,000 you will also need basic financial statements.
Let’s get started.
In the wake of traditional lenders and banks tightening their credit terms as well as the continuous stream of non-bank and alternative loan providers that are entering the market provides an excellent source for you to tap into.
Massey SME’s are now able to access finance through other lenders in Massey who are focused on facilitating business expansion or smoothing out problems with cash flow. In the past individual credit providers (drawing equity from the house loan or credit cards and personal loans as well as credit cards) provided the most viable alternative funding solutions within Massey that were around.
There is now not a need for you to rely on the real estate market to secure business credit. With an unsecured loan, business financing is now easy. Instead of a term loan with banks, business finance for a small company with interest rates and loan terms that help in cash flow are available as business loan options.
There are substantial benefits associated by separating personal and company debt.
Lower your risks, make your tax time easier, get started with an unsecure business loan. Get it today.
The main benefit of keeping your personal and company assets separate can be that your house isn’t necessarily tied up to the funds. In the case of a business loan in Massey up to $100K, asset security will not be needed as long as the borrower is able to meet their loan obligations.
Companies will be in a stable long-term position when they can show good credit and debt capability.
A separation between personal and company financial accounts makes it more straightforward in the event of tax time, particularly when determining the tax deductible allocation. The IRD has set out the guidelines on the proof required to claim deductions on a company’s tax return. This is an area that the IRD have specifically advised on.
Effective management of cash flows is crucial to the long-term viability that of any business. By keeping the personal financial and company finances distinct, companies can easily view their cash flow, plan and monitor it based 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. They also offer cash flow friendly repayments which can be made daily or weekly.
It is imaginable to apply for the Small Business Loan in under 10 minutes on the phone. You’ll receive a same day response and funds may be on your account within 24 hours. Traditional business loans reference an annual rate of interest plus other fees and charges. This company loan is a pre-paid loan which means you know ahead of time the total amount payable including any fees, charges or charges. Then, it is divided into a daily or weekly payment amount.
A Small Business Loan can be used for almost any business use, including cash flow management, business renovations, marketing to purchase inventory, new equipment, as general working capital and so much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger size loan to aid in business expansion opportunities. Loans range between $100,000 and $500,000 for a fixed period of up to 36 months. The repayments are made weekly or fortnightly, depending on you cashflow.
A Larger Business Loan has an Origination Fee, which is determined at 2.5 percent of the amount of the loan.
In order to be eligible for a loan that is this large the company needs to have been operating for at least three years, and have an annual income of $700,000. Your company must belong to 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 to demonstrate at minimum 12 months of continuous trading.
A Larger Business Loan can be used for nearly any company reason, such as business improvements, purchasing new 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 over assets, which could also include the registration of this with the PPSR or registering a caveat.
A director’s or personal guarantee is a commitment to pay back a loan that is general in nature, rather than specifying the security of a specific asset. The person who is signing the guarantee is personally liable in the event that the company creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It reflects security interests registered in respect of personal property (including the assets or goods). The PPSR gives the priority of personal property assigned depending on the date that a security interest that is registered.
A caveat is a legal document filed to provide an official notice of a claim against a property.
When you’re applying for an enterprise loan of $250,000 or more we can offer an initial pre-approval in order to make the process. We might be able to apply for this without credit checks and within 6 hours of the initial application. This pre-approval is based on an initial evaluation that involves you answering some financial health checks. This is not an offer of credit or guarantee of finance. The approval of a conditional loan is subject to an extensive credit evaluation and any offer that you are offered could be based on different conditions.
You may be eligible for an business loan if you:
The process for applying is fast and simple. Simply complete the online form within a few minutes and a dedicated business loan specialist 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 and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K to $250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K-$500K: Application details including credit consent twelve months bank statement, an IRD statements as well as the two most recent years’ financial statements, as well as interim financials from the current financial year, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K and up) we usually offer an answer within one hour, provided you apply at quality company time and let us utilise the bank verification system link to immediately verify your bank account information online. If you choose to upload copies of your bank statement, we’ll offer an answer in as little as one company day.
If you are applying for a Larger Business Loan ($100K to $500K) we may be likely to offer you with conditional pre-approval in about six hours. Once you have signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval. However, it could be faster based upon the circumstances for each application. Some transactions have received approval within 24 hours.
The fastest way is to ensure you apply during standard company hours. You can also let us use the advanced bank verification system link to confirm your bank details online. If you opt to upload documents from your account statements , it can take a bit longer.
For the Small Business Loan ($5K or more) we typically provide a response in one hour – as long as you make your application during standard business timings and permit us to utilise the advanced bank verification system to instantly verify your bank’s information online. If you decide to submit copies of your bank statement, we’ll provide a decision within the span of one business day.
For Larger Business Loans ($100K or more) we might be able to provide the conditional pre-approval in around six hours. Once you’ve signed your pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this could be shorter based upon the circumstances for each application. Some deals have been approved within the space of 24 hours.
The most efficient method for you to apply is ensure you apply during standard business hours. You can also allow us to use the advanced bank verification system link to instantly confirm your bank details online. If you send us the copies of bank statement, it will take a little longer.
We provide loans that range from $5,000 and $500,000. If you apply for a particular amount, we take into consideration a range of elements that determine what is the health of your company and the level of repayments that your company can support. The amount you receive from your loan will be contingent on the particular circumstances of your business.
When you make an application for a particular amount, we consider a variety of factors to determine how much we can lend you such as well-being that is your business and the level of payments your business is able to afford. The amount you receive from your loan will depend on the particulars for your company.
When you apply for business loans with us business loans, we will assess the risk assessment of your company and provide you with a customised offer, including the amount of loan, the term and interest rates. It is a business loan is an upfront cost loan therefore you will know the exact amount you will have to pay, including charges, interest rates or fees.
The interest rates on business loans rates depend on a variety of factors like the amount of money borrowed, the company assets the funds will be used for and the sector the business is operating in, how long the business is in operation as well as how long the company has enough cash flow to pay for the loan, and overall well-being or creditworthiness of the company.
There aren’t any hidden costs with our company loans, and you’ll be aware of the amount you be required to pay and when, starting from the day you sign up. There’s no compounding and no additional fees (as long as you are able to make your payments punctually).
We do not charge an application fee. You are able to request a credit loan no cost upfront or any obligation to sign up.
The Origination Fee covers the expenses involved with the setting up and management of the loan. It is only charged for this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5% of the loan amount.
You can decide to repay all of your loan in full at any time.
If you do decide to do this please call our helpful business lending specialists. We will offer you with the details of your repayment and an early payment figure. The figure will be calculated as the sum of the remaining principal amount and any accrued interest at the time of early payout in addition to 1.5% of the principal remaining and any outstanding fees.
To help you avoid missing payment dates and to align with your cash flow standard, we offer repayments that are either daily or weekly. These are automatically deducted from your nominated company account.
The security of your personal information, as well as knowing how we collect, use, exchange and safeguard your data, is of huge importance and is a crucial element of our relationship with you.
Yes. We employ industry-recognised encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to customer security and privacy. We utilise a sophisticated bank verification system that allows you to instantly verify the bank account details online to offer a fast response.
Asset-based borrowing occurs when an business owner utilises the assets they have to make the loan. The asset can be an individual property, such as the family home, or it could be a company asset such as a truck as well as a piece of machine.
The vast majority of lending institutions, not just the big banks, tend to make loans secured by an asset. If you have trouble paying back the loan then your asset may be taken over by the lender. In essence, it’s an opportunity to secure new funding making use of the value of what you already own.
For loans up to $150K there is no requirement for asset security before you are able to access the money however, we do need the personal guarantee. In the event that you fulfill the terms of your loan (as stated in your loan contract document) Asset security will never be needed. For loans that exceed $150K, generally, there is an individual ensure and security in the form charges on assets.
We can’t assist with an unsecure business loan in these types of industries, we may be able to assist you by providing a secured business loan.
