A Greenlane unsecured business loan is quick and simple to apply for. Request a quick approval and use the money for your company.
You can expect:
The eligibility requirements for an unsecured business loan within Greenlane are fairly minimal.
Call Now 0800 030 430Applying for the business loans in Greenlane with us is easy and takes only less than a minute, with no lengthy forms or lines.
Get approved and receive your cash within one to two company days.
Our focus is to assist Greenlane businesses of all kinds, from small to medium-sized entrepreneurs to obtain funding fast so they can use the loan to expand and grow.
The requirements for obtaining an unsecured business loan in Greenlane of between $5K to $100K are quite minimal.
Looking for more funding? Review the eligibility requirements for our $100K to $500K company financing.
The eligibility requirements for larger Greenlane company loans of between $100K to $500K comprise:
Looking for a smaller amount of funding? Check out the eligibility requirements for our $5K-$100K Greenlane unsecured company loans.
A Greenlane unsecured loan is ideal for nearly any company purpose. Call us now.
Want to get started on one of these options as early as tomorrow? So, contact us or apply online now for the quickjest fasted way.
All that’s required to start is your contact details (the name of your company, your name, email and telephone) along with the amount you’d like to borrow, as well as your monthly income.
While in the process and before settlement we’ll need confirmation of your identity, but not for starting:
Once we’ve started when it comes to loans of more than $150,000 you’ll need the following financial statements:
Let’s get started.
With traditional lenders and banks tightening their credit terms, the steady stream of alternative and non-bank loan providers entering the market provides the perfect source for you to make use of.
Greenlane SME’s are now able to access finance through alternative lenders that service Greenlane who are focused on enabling company expansion or smoothing cash flow issues. In the past, when personal credit sources (drawing equity from the home loan, or by using credit cards or personal loans, as well as overdrafts) were the only alternative financing solutions available in Greenlane that were available.
There is now an end to the requirement in the present to rely on using real estate to secure business credit. With an unsecured loan business funding is simple. Instead of a term loan through banks, business finance for an SME with interest rates and loan terms that aid with cash flow are available as business loans.
There are numerous benefits with the separation of personal and business debt.
Limit your exposure, and make tax times easier, get started with an unsecure loan for business. Get it today.
One big drawcard for keeping your business and personal business assets apart will be the fact that your house does not have to be tied to allow access to the funds. If you’re looking for a small business loan within Greenlane up to $100K, asset security will not be required as long as the borrower is able to meet the loan requirements.
Companies will be in a advantageous long-term situation if they have a good credit or debt serviceability.
It is important to separate personal from company finances makes it much more seamless when it comes to tax time - particularly when determining what is the tax-deductible allocation. The IRD has set out the guidelines on the proof required in order to deduct deductions from an individual’s tax return. This is an area where the IRD have specifically advised on.
Effective cash flow management is key for the long-term viability in any company. By keeping your personal finances and company finances distinct, companies can easily view the situation, track and plan based on the ability to effectively evaluate their cash flow situation.
Greenlane unsecured loans provides amounts between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow friendly repayments that are either daily or weekly.
Apply to your Small Business Loan in under 10 minutes over the phone. You’ll get an instant response and have the funds in your account within 24 hours. Traditional business loans refer to an interest rate per annum as well as other fees and charges. The business loan is a pre-paid loan so you will know in advance the amount you will have to pay, including the interest, fees and charges. This is then divided into a daily or weekly amount to be paid back.
A Small Business Loan can be used for virtually every business use, including the management of cash flow, business remodeling, marketing to purchase inventory, new equipment, as general working capital and much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger size loan to aid in company expansion opportunities. Loans range between $100,000 and $500,000 over a fixed term for up to 36 months. Repayments are weekly or fortnightly to work with you cashflow.
A Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the loan amount.
To be eligible for a credit of this size, your company needs to be in operation for at least 3 years, and have an annual income of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A large business loan can be used for almost all business need, including business improvements, purchasing equipment or inventory as well as for general working capital and much more. The loan cannot be used for personal use.
Asset security is necessary for accessing funds over $150,000. This can be done as a result of an charge on assets, which could also include the registration of this in the PPSR or registering as a caveat.
A director’s or personal guarantee is a promise to repay credit that is generally in nature rather than stipulating the security for a particular asset. The person signing the ensure is personally liable if the business the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It lists security interests that are which are registered with respect to personal property (including objects or assets). The PPSR gives the priority of personal property granted according to the date the security interest that is registered.
An affidavit is an official document that is filed to provide notice of a legal claim to a property.
If you’re requesting a Larger Business Loan that exceeds $250K it’s possible to offer an initial pre-approval in order to make the process. We may be able to get this done without a credit check, and within 6 hours of the initial application. The pre-approval is based upon an initial evaluation that involves you answering some financial well-being questions. This is in no way an offer, nor is it a guarantee of financing. Unconditional approval is subject to a full credit assessment and any offer that you receive could have different terms.
You may be eligible for an business loan if you:
The application process is quick and easy. Complete the online form within a few minutes and an experienced business lending specialist will be in touch to help you.
To be eligible for up to $100,000 you’ll need proof of identity (valid Driver’s Licence) along with an active NZBN/IRD, and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll need:
$100K – $250K: Application requirements, including credit consent, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K to $500K: Information on the application including credit consent, 12 month bank accounts, the 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 summary.
For an unsecured loan ($5K up to $100,000) we usually provide an answer within an hour, provided you submit your request within quality business hours and allow us to utilise the bank verification system link to instantly verify your bank information online. If you choose to send us copies of your bank statements we can provide the decision within just one company day.
For Larger Business Loans ($100K or more) we may be likely to provide you with conditional pre-approval in around 6 hours. After you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval, however this may be quicker depending upon the circumstances for each application. Some offers have been approved in the space of 24 hours.
The fastest way is to ensure you apply during standard business hours, and let us use the advance bank verification link to verify your bank account information online. If you decide to send us documents from your account accounts, it will take a little longer.
For the Small Business Loan ($5K and up) we can often provide a response in one hour, provided you submit your request at normal business times and allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you want to upload copies of your bank statements, we are able to offer an answer in as little as 1 business day.
If you are applying for Larger Business Loans ($100K or more) We may be able to provide you with a 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, it could be faster based on the particular circumstances of each application. Some deals have been approved within 24 hours.
The most efficient method can be make sure you apply during normal business hours. You can also let us use the advanced bank verification system to confirm your bank details online. If you opt to upload documents from your account statement, it can take a bit longer.
We offer the loan amount between $5,000 to $500,000. When you submit an application for a certain amount we consider a variety of variables for determining your well-being that is your company as well as the amount of repayments that your business is able to afford. The total amount of your loan will be contingent on the specific circumstances that are unique to your business.
When you make an application for a certain amount, we look at a range of variables to assess the well-being of the business and the amount of payments your business can support. The total amount of your loan will depend on the specific circumstances that are unique to your company.
When you apply for business loans with us business loan, we’ll assess the risk assessment of your business and provide you with a tailored offer, including the amount of the loan, the duration and the interest rates. The company loan is an upfront priced loan and you’ll know in advance the total amount due, which includes any charges or interest.
Interest rates for business loans rates vary due to factors including the amount that is borrowed, what business assets the money are used to purchase in addition to the industry that the business operates in, the long the business has been in operation and whether the business has sufficient cash flow to support the loan, and overall well-being or creditworthiness of the company.
There aren’t any hidden charges with our business loans. You’ll know exactly how much you’ll be required to pay, and when, starting from day one. 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 apply for a loan without any upfront costs or any obligation to sign up.
The Origination Fee covers the costs associated with setting up and managing the loan. You are only charged this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.
You may choose to pay back the entire amount of the loan in full at any time.
If you decide to pursue this option, please contact our helpful business loan experts. They will provide you with repayment details as well as an early payout amount. The figure will be calculated as the total of the principal amount remaining plus any accrued interest as of the time of early payment, plus 1.5 percent of the principal balance and any fees that remain unpaid.
In order to help you avoid missing payment dates and to align with your cash flow routine, we provide payments that are either daily or weekly. They will be automatically deducted from your nominated business account.
Protecting your information, and being transparent about how we collect data, process, exchange and ensure the security of your information is vital and an integral aspect of our relationship with you.
Yes. We use industry recognised encryption standards to secure your sensitive, personal financial information and our funders are ISO 27001 certified for our commitment to the security of our customers as well as their privacy. We make use of an advanced bank verification system link to immediately verify the bank account details online, allowing us to provide a fast response.
Asset-based borrowing is when a business owner borrows from an asset that they own to obtain the funds for a loan. The asset can be a personal asset like the family home or a business asset such as a truck or other piece of machinery.
The majority of the lenders even the major banks, prefer to guarantee loans against an asset. If you’re having trouble paying back the loan, then the asset might be sold by the lender. In essence, it is a way of securing new financing taking advantage of the value of what you already own.
Up to $150,000 in loans no asset security is required before you are able to access the money However, we do need a personal guarantee. In the event that you fulfill your loan commitments (as stipulated in the loan contract) Asset security will never be required. For loans over $150K generally, you can get the option of a personal guarantee and security is provided in the form of the charge of assets.
While we aren’t able to help with an unsecured business loan in the above industries, we might be able assist with a secured business loan.
