Unsecured Business Loans Eastbourne NZ

If You Do This Today, You'll Be Getting Ready For Success By Obtaining an Eastbourne Business Loan

Unsecured Business Loans Eastbourne

An Eastbourne unsecured business loan is quick and simple in applying for. Request a quick approval and begin using the money to grow your company.

  • Would extra funds help your business with working capital or to take advantage of a growth opportunity?
  • How do you finance your company requirements?

You can expect:

  • Easy to apply and receive approval and money as early as tomorrow
  • No reayments are permitted in the first four weeks
  • Borrow from $5k to $500K
  • Terms from 3 to 36 months
  • Competitive rates of interest prices
  • Minimal docs required

The eligibility requirements for an unsecured business loan for a company loan Eastbourne are fairly minimal.

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I can now take an extended vacation knowing that it is safe knowing that Eastbourne company will run effortlessly.
Local Business Owner
I can now fund the renovation of our newly constructed Eastbourne resturant without having to take cash from other resturants.
Eastbourne Resturant Owner
I'm now able make coffee for my clients with the best equipment.
Cafe Owner
I can now hire an expert marketer to help me take my business to the next step.
Growing Eastbourne Business
Business loan interest rates and repayment terms and flexible repayment options that can be tailored to you business needs.
Business Lending Options
Business loans, especially those that are unsecured business loan or line of credit to business financing need have no difficult process. Business finance is in the form in the form of small business loans at an interest rate and repayment time that will suit the requirements of your business budget.
Business Lenders for Business Goals
A simple loan application process with a huge loan limit, with minimal credit criteria and there is no requirement to present a business plan. Don't use your personal credit card or company credit cards as a way to fund your company.
Unsecured Loans Made Simple
I can get my tax back to keep me on track.
Small Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for the business credit in Eastbourne with us is simple and only takes less than a minute, with no piles of paperwork or long waits.

Get approved and receive your funds in 1 to 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We want to assist Eastbourne companies of all types, whether small, medium or solopreneurs to access funding fast so they can take advantage of loans to grow and build.

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

Small Business Loan Eligibility Criteria

The eligibility requirements for an unsecured business loan in Eastbourne of between $5K and $100K are fairly minimal.

  • At least 6 months in business
  • At least $6,000 in income per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for evidence of identity
  • Have an account with a New Zealand bank as your principal trading account
  • Bank statements for the last six months

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

Here's How Others Have Benefited

Examples of Business Loans

A gym that had been operating for over three years decided to increase its size and required additional equipment. With monthly revenue of $37K they borrowed $72K over a 24 month period. No security was required for the loan and it was settled in just 24 hours.
Gym
A plumber who has worked in the business for three years with the monthly revenue of $80K was looking for additional funding. They were able to borrow $153K over 36 months. All that was needed was 12 months of bank statements as well as confirmation of the status with IRD. The process was complete within one day, and the plumber had their extra working capital in their account within a short time.
Plumber
A business coach was looking to invest in a well-being and cosmetics business. With just a little more than twelve thousand dollars in monthly income the company borrowed $24K over 24 months. The loan required twelve months worth of statements and was completed in just 8 hours.
Business Coach
With the busy Christmas season coming up, a store selling clothing required working capital in order to purchase more inventory and benefit from a supplier discount. They secured $20K over the course of 12 months, with no security of assets required. They received the funds in 24 hours.
Clothing Store
The owner of a tiny grocery store making $70K a month borrowed $76K over a 24-month term with no repayments during the initial 4 weeks. This had a requirement of 12 months' bank statements. The turn around time was 6 hours from application to getting the funds.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Eastbourne Business Loan Eligibility Criteria

The eligibility requirements in the larger Eastbourne business loans of between $100K and $500K include:

  • Minimum of 3 years in business
  • A minimum of $700K annually in revenue
  • You must be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification
  • Make sure you have an account at a New Zealand bank as your principal trading account
  • Bank statements from the previous six months
  • Some financial statements such and Profit & Loss as well as Aged Accounts Payable and Receivable

Looking for a smaller amount of funding? Take a look at the guidelines for eligibility for our $5K-$100K Eastbourne unsecured business loans.

Business Lending for a Cash Injection

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

An Eastbourne unsecured loan is perfect for virtually every company use. Talk to us today.

  • Expand or renovate commercial spaces
  • Grow the team for busy periods
  • Grow stock levels to meet demand
  • Make a brand new website or improve your marketing
  • Make sure you invest in new equipment, tools , or technology
  • Purchase additional stock to meet seasonal demand
  • Control cash flow fluctuations
  • Plus lots more …

Want to get started on one of these as soon as tomorrow? Get in touch with us today or send an application online for the quickjest fasted way.

Quick application checklist

What do you need to apply

All that’s needed to get started is your contact details (company name, your name, email address or phone number) along with the amount you’d like to borrow and your monthly earnings.

In the course of the process and before settlement we’ll need confirmation of your identity but not to get started:

  • Idenfication details (valid Driver’s License)
  • Information about the business, including details on trading hours, ownership details and details of ownership and trading time, as well as NZBN (New Zealand Business Number)

In addition, once we have started, for loans greater than $150,000 you will also need basic financial statements.

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

The owner of a small supermarket that was making $70K a month borrowed $76K over a 24-month term , without making any repayments for the first four weeks. This was contingent on 12 months of bank statements. The time to turn around was just six hours from the moment you applied to receiving the funds.
Grocery Store Small Business Loan
A gym that was operating for over three years decided to increase its size and needed more equipment. With monthly revenue of $37K they borrowed $72K over a month period. There was no security requirement for the loan and it was ready within just 24 hours.
Gym
With the busy holiday season approaching, a clothing store needed additional working capital to purchase more inventory and to take advantage of a supplier discount. They were able to borrow $20K for 12 months with no security for assets and received the funds in 24 hours.
Clothing Store
After purchasing a pizza store as well as two liquor stores six to 12 months earlier, the new owners were looking for additional cash. The total revenue of the two stores was more than $500K per month and they could borrow $300K and split it into $100K for each store, with a mix of 24 and 36 month terms. No security over the owner's houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A restaurant owner was wanting to open a second location and required funds to fit out. Their bank was not interested in helping. Their typical monthly earnings was $50K, and they were able to borrow $66K for 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner

Unsecured Business Loan Eastbourne NZ 5013

The lending landscape has changed

With traditional lenders and banks increasing their credit requirements, the steady stream of non-bank and alternative loan providers that are entering the market offers a great resource for you to access.

Eastbourne SME’s are now capable of accessing finance through alternative lenders that service Eastbourne who are focused on enabling business growth or smoothing cash flow challenges. The past was when the personal sources of credit (drawing equity from the house loan, or using credit cards in addition to personal loans and credit cards) was the sole alternative funding solutions available in Eastbourne that were around.

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

 

 

High level summary

Separate personal and business debt

There are substantial benefits associated by separating personal and business debt.

  • Your home or other investments, aren’t tied up for access to funds
  • This business is in a better place to develop its own, clear credit history
  • It is considerably more seamless during tax time
  • Companies can quickly view, monitor and plan based on their ability to clearly assess their cash flow position

Limit your exposure, make your tax time more simple, apply for an unsecure business loan. Apply today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your personal and company assets apart will be the fact that your house does not have to be tied to access the funds. For a small business loan within Eastbourne up to $100K asset security won’t be required so long as the borrower meets the loan requirements.

Credit history

Companies will be in a stable long-term position when they are able to demonstrate credit/debt capacity to pay.

Tax

A separation between personal and business finances makes it more straightforward when it comes to tax time, especially when it comes to determining the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has outlined the rules on the evidence required to be able to claim deductions on an organisation’s tax return. This is an area that the IRD have specifically advised on.

Cash flow

A well-organised cash flow management system is key for the long-term success for any business. Through keeping your personal finances and company finances distinct, businesses can easily view how they are performing, monitor and plan on their ability to accurately examine their cash flow.

An easy loan application process with a generous limit on borrowing, no requirements for credit and no requirement to create a business plan. Do not use your personal credit card and company credit cards as a way to fund your business.
Unsecured Loans Made Simple
I'm now able hire an experienced marketer to help me increase the success of my business to the next stage of business growth.
Growing Business
I can now take a holiday knowing my Eastbourne company will run smoothly.
Local Business Owner
Business loans with interest rates and repayment conditions, and flexible repayment options to meet what your business needs.
Business Lending Options
I am now able to make coffee for my customers with the very best equipment.
Cafe Owner
I am now able to fund the fitout of our fresh Eastbourne resturant without having to pull cash from the other ones.
Eastbourne Resturant Owner
Business loans, particularly an unsecured business loan or line of credit for business funding need not be a stressful procedure. Business finance can be in the form in the form of small business loans that have an interest rate and repayment term which is compatible with the needs of your company cash flow.
Business Lenders for Business Goals
I'm able to get my taxes back on track.
Small Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Eastbourne Small Business Loans

Tell me how you can avail the Eastbourne Small Business Loans

Eastbourne unsecured loans offers the range of $5,000 to $100,000. Terms range from 3 and 24 months, cash flow-friendly repayments that are either per day or weekly.

What is the Unsecured Loan different from an ordinary business loan?

It is possible to apply for this Small Business Loan in under 10 minutes online or by phone. You will receive an answer within the same day and the money could be in your account within 24 hours. Traditional company loans have an annual interest rate as well as other fees and charges. The company loan is a loan that is priced upfront therefore you’ll know ahead of time the total amount due, which includes the interest, fees and charges. This is then divided into weekly or daily repayment figure.

What could you use the Small Business Loan be used for?

It is a Small Business Loan can be used to fulfill almost any company use, including the management of cash flow, business improvements, advertising, to purchase inventory or new equipment, to fund general working capital and much more. The loan cannot be used to fund personal expenses.

About Larger Eastbourne Business Loans

What is the Larger Eastbourne Business Loan?

The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. The loan ranges from $100,000 to $500,000 with a term fixed that can last up to 36 months. Repayments are scheduled weekly or fortnightly depending on your situation.

How’s the Origination Fee calculated?

It is important to note that the Larger Business Loan has an Origination Fee, determined at 2.5% of the loan amount.

Am I eligible for the Larger Business Loan?

To be eligible for a loan in this amount the business needs to be in operation for at least 3 years with an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.

How can the funds be used for?

A Business Loan of a larger size can be used to fund almost all company purpose including company remodeling, buying new equipment or inventory, as general working capital and so much more. The loan is not available for personal purposes.

Is the Larger Business Loan one that is secured?

Asset security is required for accessing funds over $150,000. This is by way of charge against assets and can include registration through the PPSR or filing a caveat.

A director’s or personal ensure is a guarantee to repay credit that is generally in nature rather than specifying the security for a particular asset. The person signing the guarantee is personally responsible if the company lender is not able to pay back the debt.

The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It contains security interests that are registered for personal property (including objects or assets). The PPSR allows prioritisation over property that is personal to be assigned in accordance with the date on which a security interest has been registered.

An affidavit is an official document lodged to offer the public notice of a legal claim on a property.

What is a pre-approval minus Credit Check?

If you’re requesting a Larger Business Loan of more than $250K, we may offer an initial pre-approval to smooth out the process. We may be able to get this done without credit checks and within 6 hours of the initial application. This pre-approval is based on a preliminary assessment which includes the answer to a series of financial well-being questions. This is not an offer or guarantee of finance. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer that you are offered could be on different terms.

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 over 18 years, own a New Zealand business (with a valid NZBN/IRD)
  • you must prove at least 6 months of business (for you to qualify for unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K to $500K)

How do I apply?

The process for applying is fast and simple. Complete the online form within a few minutes and a dedicated business loan specialist will be in touch to help you.

To be eligible for up to $100,000 you’ll require ID details (valid Driver’s Licence), a valid NZBN/IRD and at least 6 months’ worth of bank statements.

If you’re looking for loans with larger sizes, you’ll require:

$100K-$250K: Application requirements, including credit consent, 6 – 12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K to $500K: Information on the application including credit consent as well as 12 months of bank statements, IRD statements, last 2 years finalised financial statements, as well as interim financials from the current financial year as well as Aged Payables and Receivables summary.

How quickly will I receive a decision?

For an unsecured loan ($5K up to $100,000) We can usually offer a response in one hour, provided you submit your request during standard company timings and permit us to utilise the bank verification system link to instantly verify your bank details online. If you decide to upload copies of your banking statement, we’ll provide the decision within an business day.

For the Larger Business Loan ($100K or more) we may be likely to offer you with conditional pre-approval in about six hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however this may be quicker depending on the circumstances of each application. Certain transactions have received approval in less than 24 hours.

The quickest method is to make sure you apply during normal business hours. Also, let us use the advanced bank verification system to instantly verify your bank account information online. If you send us duplicates of your banking statements it takes a bit longer.

What is the time frame to receive the cash?

For the Small Business Loan ($5K and up) we typically offer a response in one hour – as long as you submit your request in standard business times and permit us to use the advanced bank verification system link to instantly verify your bank details online. If you choose to submit copies of your bank statements we can provide the decision in just 1 business day.

For Larger Business Loans ($100K and up) we may be able to offer you with a conditional pre-approval within about 6 hours. After you’ve signed the pre-approval form, it will take around 2-3 days for final approval, however this can be faster depending on the circumstances of each application. Some deals have been approved within the space of 24 hours.

The quickest method for you to apply is ensure you apply during normal business hours. Also, permit us to use the advanced bank verification system link to instantly check your bank’s information online. If you opt to send us duplicates of your banking accounts, it may take a bit longer.

What is the maximum amount I can borrow?

We offer loan amounts between $5,000 and $500,000. If you apply for a certain amount, we will consider a number of variables for determining the well-being of the company and the level of repayments that your company will be able to support. The total amount of your loan will depend on the specifics for your business.

When you apply for a certain amount, we look at a range of factors to determine your health that is your business as well as the amount of payments your company can support. The total amount of your loan will be determined by the specific circumstances for your company.

Fees & repayments

How much should you charge for a company loan?

If you decide to make an application for business loans with us business loans, we’ll assess the risk assessment the business and offer an individualised offer that includes loan amount, term and interest rates. This business loan is an upfront-priced loan therefore you will know the exact amount you will have to pay, including interest rates, fees or charges.

What determines the rate that I will be charged?

Business loan interest rates depend on a variety of factors including the amount of money borrowed, the company assets the funds are used to purchase in addition to the industry that the business is in, how long the company has been in operation, how long the company has enough cash flow to fund the loan, and the general well-being or financial standing of the company.

What are the charges?

There aren’t any hidden costs with our company loans, and you’ll be aware of the amount it is that you be required to pay, and when, from the very first day. There’s no compounding interest, and no additional fees (as long as you are able to make your payments in time).

We don’t charge an Application Fee. You can apply for a loan with no cost upfront or the obligation to take action.

The Origination Fee covers the expenses involved with setting up and managing the loan. You are only charged this fee if you decide to take the loan. Our Origination Fee is 2.5 percent of the amount of the loan.

Can I repay the loan earlier?

You may choose to pay back the entire amount of the advance loan at any time.

If you are deciding to do this please call our helpful company lending experts. We will offer you with the details of your repayment and an early payment figure. The figure will be calculated as 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 principal remaining and any fees that remain unpaid.

How do repayments work?

To make sure you do not miss repayments and to fit in with your cash flow general, we offer repayments that are either weekly or daily. These are automatically withdrawn from your designated business account.

Security & privacy

Will my information be secure?

The security of your personal information, as well as being clear about the ways we gather the information we collect, use, share and safeguard your data, is of paramount importance and is a crucial part of our relationship you.

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

Yes. We utilise industry-recognised encryption standards to secure your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our dedication to the security of our clients as well as their security. We use an advanced bank verification system that allows you to instantly verify the bank account details online to provide a fast response.

About business loans

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

The term "asset-based" refers to borrowing where an business owner uses assets they own to make the funds for a loan. The asset may be a personal asset like the family home, or an business asset like a truck or piece or equipment.

The vast majority of the lenders not just the major banks, prefer to make loans secured by assets. If you’re struggling to pay back the loan, your assets could be taken over by the lender. In essence it is means of securing new funding taking advantage of the value of what you already own.

Do I require security to get a business loan?

For loans up to $150K there is no requirement for asset security prior to the loan’s access but we require a personal guarantee. need a personal guarantee. In the event that you fulfill your loan commitments (as detailed in your loan contract document) and you are able to meet your obligations, asset security is not required. For loans over $150K typically, you will need the option of a personal guarantee and security that is in the form a charge over assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction websites or auction houses
  • Debt purchasers or debt collection agencies
  • Direct marketers including direct-mail, mail order, fundraising, telemarketing etc.
  • Finance lenders or institutions
  • {Firearm businesses
  • Foreign currency exchange solutions
  • Customs clearing houses & freight forwarding
  • Gambling related industries
  • Non-profit organisationsincluding charities, churches etc.
  • Smash repairers or panel beaters
  • Pawn shops & pawnbrokers
  • Property developers
  • Shares, stockbrokers and investment businesses
  • Tattoo studios
  • Taxi & ride sharing services
  • Entertainment sales or ticket resellers
  • Vehicle towing services
  • Secondhand car companies
  • Vehicle glass tintingservices
  • Automotive wrecking yards

Although we can’t help with an unsecured business loan for those industries, we might be able assist by providing secured business loan.

Fast Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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0800 030 430