Unsecured Business Loans Grafton NZ

If You Do This Today, You'll Have Everything You Need to Be Successful By Obtaining a Grafton Business Loan

Unsecured Business Loans Grafton

A Grafton unsecured business loan is quick and easy to get. Approve your loan in a matter of minutes and begin using the money in your company.

  • Are additional funds able to help your business in working capital, or for an opportunity to grow?
  • What is the financing strategy you are using to fund your company requirements?

You can expect:

  • Simple process to apply and be approved for funds as soon as tomorrow
  • Optionally , no reayments during the initial 4 weeks
  • The range of borrowing is from $5k to $500K.
  • Terms ranging from 3-36 months
  • Competitive interest prices
  • Minimal documentation

The criteria for eligibility for an unsecured business loan for a business loan Grafton are fairly minimal.

Call Now 0800 030 430
A simple loan application process with a huge limit on borrowing, no requirements for credit, and there is no need to submit a business plan. Stop using your personal credit card and company credit cards as a way to finance your company.
Unsecured Loans Made Simple
I can now make beverages for clients with the best equipment.
Cafe Owner
I'm now able take an extended vacation knowing that my Grafton business will run smoothly.
Local Business Owner
I'm able get my tax back on track.
Small Business Owner
Business loans with interest rates and repayment terms, as well as flexible repayment options to fit your business needs.
Business Lending Options
I'm now able to finance the construction of our modern Grafton resturant without having to pull cash from the other ones.
Grafton Resturant Owner
I'm now able hire an experienced marketer to help me help me take my business to the next stage.
Growing Grafton Business
Business loans, specifically one that is an unsecured business loan or line of credit for business funding require not be a tense process. Business finance is in the form of small business loans with an interest rate cost, and with a repayment time that fits your company budget.
Business Lenders for Business Goals
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for the company loan for business in Grafton with us is easy and takes only some minutes, without lengthy forms or lines.

Be approved and receive your money within 1 – 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We are aiming to assist Grafton businesses of all types, whether small, medium or entrepreneurs to obtain funding fast so they can make use of the loan to expand and grow.

  • It starts with an easy online application or a phone call
  • Flexible repayment terms to meet the requirements of your company
  • Quick funding in a day or two days
  • A team wanting for you as well as your company to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in Grafton of between $5K and $100K is fairly low.

  • At least 6 months in business
  • At least $6,000 revenue per month
  • You must be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification proof
  • Use an account with a New Zealand bank as your primary account for trading
  • Bank statements from the past six months

Do you need more money? Check out the guidelines for eligibility for our $100K to $500K business loans.

Here's How Other People Have Benefited

Examples of Business Loans

An interior designer saw an opportunity to grow their company and required working capital to fund this expansion. With a monthly income of $300K, they borrowed $250K over 24 months. The time to turn around for them was only 2 days, and all they had for them to present is 12 months' worth of Bank statements, IRD confirmation, and trust deed.
Interior Designer
A business coach was looking to invest in an well-being and beauty company. With just a little more than 12K in revenue per month, they borrowed $24K over 24 months. The loan was based on 12-month bank statements and was done in only 8 hours.
Business Coach
The owner of a small grocery store making $70K a month borrowed $76K over a 24 month period, with no payments for the first four weeks. This had a requirement of 12 months' bank statements. The turnaround time was only 6 hours from submitting the application to receiving the money.
Grocery Store Small Business Loan
Following the purchase of a pizza shop and two liquor stores six to to 12 months ago, the new owners were seeking additional funds. The combined revenue was over 500K per month. They were able to obtain $300K, split out as $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
The busy Christmas season was fast approaching, a clothes store needed additional working capital to finance additional inventory and benefit from the discount offered by suppliers. They took out a loan of $20K over a period of 12 months without collateral for their assets, and they had the funds in less than 24 hours.
Clothing Store
Simple eligibility checklist

Larger Grafton Business Loan Eligibility Criteria

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

  • Minimum of 3 years trading in business
  • At least $700K in annual income
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for proof of identity
  • Have an account with a New Zealand bank as your main trading account
  • Bank statements from the previous six months
  • Some financial statements like Profit & Loss, and aged accounts Payable and Receivable

Do you need a smaller amount of money? Look over the conditions for eligibility for our $5K to $100K Grafton unsecured business loans.

Business Lending for a Cash Injection

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

A Grafton unsecured loan is perfect for nearly every company purpose. Call us now.

  • Remodel or expand commercial properties
  • Grow the team for busy times
  • Grow stock levels to meet demand
  • Develop a new website, or enhance your marketing
  • Consider investing in the latest equipment, tools or new technologies
  • Purchase extra stock to cover the seasonal demand
  • Manage cash flow fluctuations
  • And many more …

Do you want to begin one of these as soon as tomorrow? Contact us today or send an application online to get the fastest and most effective process.

Quick application checklist

What do you need to apply

All that’s needed to start is your contact information (company name and your name, as well as email, phone) and the amount you’d like to borrow and your monthly revenue.

In the course of the process and before settlement we will require confirmation of who you are but not before we can begin:

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

After we start with loans greater than $150,000 you will also require fundamental financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

A plumber who has worked in the business for three years and has monthly sales of $80K was looking for more funding. They borrowed $153K over the course of 36 months. The only thing needed was 12 months of bank statement and confirmation of their status with IRD. The process was complete within a day and the plumber had their extra working capital available in their account within a short time.
Plumber
After purchasing a pizza place as well as two liquor stores six to 12 months earlier the new owners needed additional cash. The total revenue of the two stores was more than 500K per month. They were able to borrow $300K and split it into $100K per store with two different 24 and 36 month terms. There was no security on the owners' houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A company coach was looking to invest in an well-being as well as beauty business. With a little over twelve thousand dollars in monthly income the company borrowed $24K over 24 months. The loan required the submission of 12 months' bank statement and was completed in less than 8 hours.
Business Coach
A designer for interiors had seen an opportunity to expand their business and required working capital to finance the growth. With monthly revenue of $300K they borrowed $250K in 24 months. Turnaround time for them was only two days and all they had for them to present the required documents were twelve months' bank statements IRD confirmation, IRD confirmation and their trust deed.
Interior Designer
The owner of a small grocery store that earned $70K per month borrowed $76K over a 24 month period with no repayments for the first 4 weeks. This had a requirement of 12 months' bank statements. The time to turn around was just six hours from application to getting the funds.
Grocery Store Small Business Loan

Unsecured Business Loan Grafton NZ 1023

The lending landscape has changed

In the wake of traditional lenders and banks tightening credit conditions and the constant stream of non-bank and alternative loan providers that are entering the market offers an excellent source to access.

Grafton SME’s are now being able to get finance from alternative lenders who service Grafton who are focused on facilitating company expansion or smoothing the cash flow problems. In the past, individual credit providers (drawing equity from the house loan or credit cards and personal loans as well as credit cards) were the only alternative funding solutions available in Grafton that were around.

There’s no need to depend on using real estate to secure company credit. With an unsecured loan business financing is now easy. Instead of a term loan through a bank, business finance for a small company with interest rates and loan terms that help with cash flow are available 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 for the purpose of accessing funds
  • This business is in a much better position to establish its own, clear credit history
  • It’s substantially more seamless for tax time
  • Companies can quickly view, monitor and plan based on being able to easily assess their cash flow position

Reduce your risk, make your tax time much easier. Get started with an unsecure busines loan. Get it today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your personal and business assets apart will be the fact that your house isn’t tied for access to the money. If you’re looking for a small business loan within Grafton up to $100K the security of assets won’t be required so long as the borrower is able to meet the loan requirements.

Credit history

Businesses will be in a stable long-term position when they can show good credit and debt capability.

Tax

Separating personal and company finances makes it much more seamless when it comes to tax time, particularly when determining what is the tax-deductible amount. The IRD has set out the rules on the evidence required to claim deductions on an individual’s tax return. This is an area the IRD has advised specifically on.

Cash flow

Effective management of cash flows is key for the longevity of any company. By maintaining personal as well as company finances distinct, businesses can easily view how they are performing, monitor and plan on the ability to clearly determine their cash flow status.

Business loan interest rates and repayment terms as well as flexible repayment options to suit the requirements of your business needs.
Business Lending Options
A straightforward loan application process with a generous amount of borrowing capacity, a low requirements for credit and no requirement to create a business plan. Don't use your personal credit card and company credit cards in order to fund your business.
Unsecured Loans Made Simple
I can now hire a marketer to take my business to the next level of business growth.
Growing Business
I'm able to get my taxes back to keep me on track.
Small Business Owner
I am now able to fund the renovation of our new Grafton resturant without having to pull cash from the other resturants.
Grafton Resturant Owner
Business loans, especially one that is an unsecured business loan or line of credit to business financing need not be a tense process. Business finance in the form of small business loans with an interest rate cost, and with a repayment period that will suit your business budget.
Business Lenders for Business Goals
I am now able to make beverages for customers with the best equipment.
Cafe Owner
I am now able to take time off knowing that the Grafton business will run smoothly.
Local Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Grafton Small Business Loans

Tell me more about Grafton Small Business Loans

Grafton unsecured loans offers amounts between $5,000 and $100,000 with terms between 3 and 24 months and cash flow-friendly repayments which can be made daily or weekly.

What is this Unsecured Loan different from a traditional company loan?

The application to this Small Business Loan in under 10 minutes by phone. You will receive an instant response and funds may be in your account in 24 hours. Traditional company loans reference an annual interest rate plus other fees and charges. Our business loan is a pre-paid loan so you will know in advance the total amount to be paid, including any fees, interest or charges. Then, it is broken down into either a daily or weekly repayment figure.

What could be the Small Business Loan be used for?

The Small Business Loan can be used to fulfill almost every company purpose including managing cash flows, business remodels and marketing, to purchase inventory or new equipment, or as general working capital, and much more. The loan cannot be used to fund personal expenses.

Concerning Larger Grafton Business Loans

What is the Larger Grafton Business Loan?

The Larger Business Loan is a larger loan size to support business growth opportunities. The loan ranges from $100,000 to $500,000 with a term fixed for up to 36 months. Repayments are weekly or fortnightly, depending on you cashflow.

How is the Origination Fee determined?

The Larger Business Loan has an Origination Fee that is calculated at 2.5 percentage of the loan amount.

Can I get the Larger Business Loan?

In order to be eligible for a loan of this size the business needs to be trading for at least 3 years with an annual turnover of $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.

What can I use the funding for?

A Larger Business Loan can be used for almost any business use, including company renovations, purchase of inventory or new equipment for general working capital, and much more. The loan is not available for personal use.

Is the Larger Business Loan a secured loan?

Asset security is necessary for accessing funds over $150,000. This is as a result of an charge on assets, and could include registering this with the PPSR or filing as a caveat.

A director’s or personal ensure is a guarantee to repay credit that is general in nature rather than specifying security over a particular asset. The person who signs the guarantee is personally accountable if the business the borrower fails to pay back the debt.

The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It contains security interests registered in respect of personal property (including the assets or goods). The PPSR allows prioritisation over property that is personal to be assigned according to the date a security interest was registered.

Caveats are legal document filed to provide the legal claim to property.

What exactly is a preapproval without Credit Check?

If you’re requesting an enterprise loan of $250K or more it is possible to offer an initial pre-approval that will help simplify the process. We could be able to apply for this without a credit check, and within six hours of your initial application. This pre-approval is based on an initial assessment, which involves you answering some financial well-being checks. It’s not an offer of credit or guarantee of funds. Unconditional approval is subject to an assessment of your creditworthiness and any offer you receive could have different conditions.

The application process

Do I qualify for funds?

You may be eligible 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 trading (for you to qualify for unsecured loan $5K – $100K) or three years of trade (for the Larger Business Loan $100K or $500K)

How do I apply?

The application process is simple and easy. Just complete the online application within a couple minutes, and a dedicated company loan specialist will be in touch to guide you.

To apply for up to $100,000, you’ll need the right identification documents (valid Driver’s Licence), a valid NZBN/IRD and at least 6 months’ worth of bank statements.

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

$100K to $250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Information on the application including credit consent twelve months of bank statements, IRD statement and the last two years’ finalised financial statements, and interim current financial year financials as well as Aged Payables and Receivables Summary.

How fast will I get a decision?

For an unsecured loan ($5K to $100K) We can usually provide an answer within one hour if you apply within standard business time and you allow us to make use of the advanced bank verification system to instantly verify your bank details online. If you choose to submit copies of your bank statements , we are able to provide a decision within just one company day.

For Larger Business Loans ($100K or more) we might be able to provide the conditional pre-approval in about six hours. After you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval, however this could be shorter based on the specifics of each application. Some agreements have been approved in less than 24 hours.

The fastest way for you to apply is ensure you apply during normal company hours and allow us to use the modern bank verification link to instantly verify your bank account information online. If you choose to send us duplicates of your banking statements , it takes a bit longer.

What is the time frame to receive the funds?

For the Small Business Loan ($5K to $100K) we typically offer an answer in just one hour if you submit your request within standard business time and allow us to use the bank verification system to immediately verify your bank account information online. If you decide to upload copies of your bank statements, we will be able to offer a decision in just 1 business day.

If you are applying for Larger Business Loans ($100K or more) we may be likely to provide you with pre-approval conditional to your application in about 6 hours. After you’ve signed the pre-approval document, you will require to wait around 2-3 days for final approval. However, it could be faster based on the specifics of each application. Certain transactions have received approval in less than 24 hours.

The fastest method would be to make sure you apply during standard business hours. You can also allow us to use our advance bank verification link to check your bank’s information online. If you send us copies of your bank statements, it takes a bit longer.

How much can I borrow?

We provide loans ranging from $5,000 to $500,000. If you apply for a certain amount, we take into consideration a range of aspects to determine what is the well-being that is your company as well as the amount of the repayments your business can support. The amount you receive from the loan will be determined by the specific circumstances the business.

When you make an application for a particular amount, we consider a variety of elements to assess the health for your company and the amount of payments your company can support. The amount you receive from your loan will depend on the particular circumstances that are unique to your business.

Fees & repayments

How much do you charge for the cost of a business loan?

If you decide to make an application for the business loans, we will assess the risk profile of your company and offer you with a tailored proposal that includes the amount of loan, the term and the interest rates. It is a company loan is an upfront cost loan therefore 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?

The interest rates on business loans rates differ based on various factors such as the amount that is borrowed, the company assets the funds will be used for as well as the field the company is operating in, how long the business is in operation as well as whether the business has sufficient cash flow to fund the loan, and the general well-being and creditworthiness of the company.

What are the cost?

There aren’t any hidden charges for our company loans, and you’ll know precisely what you be required to pay, and when, right from the first day. There’s no compounding and the loan comes with no additional fees (as long as you are able to make your payments in time).

We don’t charge an Application Fee. You can get a cash loan with no upfront cost or any obligation to sign up.

The Origination Fee is the cost associated in establishing 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.

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

You may choose to pay back all of your advance loan at any time.

If you are deciding to pursue this option, please contact our helpful company loan specialists. They’ll offer you with details on repayment and an early payout figure. The figure will be calculated as the sum of the principal remaining plus any accrued interest as of the time of early payout in addition to 1.5% of the principal balance and any outstanding fees.

How do you make repayments work?

To ensure that you don’t miss payments and to work with your cash flow standard, we offer repayments either daily or weekly. They are automatically deducted from your designated business account.

Security & privacy

Will my data be protected?

The security of your personal information, as well as knowing how we collect the information we collect, use, share and secure your information, is crucial and a vital part of our relationship you.

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

Yes. We utilise industry-recognised encryption standards to protect your sensitive, personal financial information and our funders are ISO 27001 certified for our commitment to customer security and privacy. We make use of an advanced bank verification system link to immediately verify your bank account details online to offer quick responses.

About business loans

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

Asset-based borrowing occurs when an business owner borrows from the assets they have to secure the funds for a loan. The asset can be an asset belonging to the personal, like the family home or it could be a business property like a truck as well as a piece of machine.

The majority of lenders, even the banks with the biggest size, prefer to make loans secured by an asset. If you’re having trouble paying back the loan, then your asset may be offered for sale by the lender. In essence it’s means of securing new funding taking advantage of the value of what you already have.

Are I require security to secure a business loan?

For loans up to $150K it is not necessary to secure assets upfront to access the money but we require a personal guarantee. require a personal guarantee. If you adhere to the terms of your loan (as stipulated in the loan contract) Asset security is not needed. For loans over $150K generally, there is the option of a personal ensure and security is provided in the form of a charge over assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses & auction websites
  • Debt purchasers & debt collection firms
  • Direct marketers such as mail order, fundraising, telemarketing, direct-mail etc
  • Financial institutions or lenders
  • {Firearm related businesses
  • Foreign currency exchange services
  • Freight forwarding & customs clearing houses
  • Anything gambling related
  • Non-profit organisations such as charities and churches etc.
  • Panel beaters & smash repairers
  • Pawn shops and pawnbrokers
  • Property developers
  • Stockbrokers, shares orinvesment businesses
  • Tattoo studios
  • Ridesharing and taxi services
  • Entertainment sales & ticket resellers
  • Vehicle towing services
  • Used vehicle dealers
  • Vehicle glass tinting
  • Automotive dismantlers

While we aren’t able to help with an unsecured business loan for the above industries, we might be able to assist by providing a secured business loan.

Fast Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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0800 030 430