Unsecured Business Loans Highland Park NZ

Today, You'll Be All Set For Success By ObtainingThe Help Of a Highland Park Business Loan

Unsecured Business Loans Highland Park

A Highland Park unsecured business loan is easy and quick to get. Request a quick approval and start using the funds for your business.

  • Are additional funds able to help your business with working capital or to realise the opportunity for growth?
  • What are the best ways to finance your company requirements?

You can expect:

  • Easy to apply and receive approval and cash as quickly as tomorrow
  • There is no option to remittances in the initial four weeks
  • From $5k to $500K in loans
  • Terms ranging from 3-36 months
  • Competitive interest rates
  • Minimal documentation needed

The criteria for eligibility for an unsecured business loan within Highland Park are fairly minimal.

Call Now 0800 030 430
I'm now able take vacation knowing that it is safe knowing that Highland Park company will run well.
Local Business Owner
I'm now able employ an experienced marketer to help me boost my business to the next stage.
Growing Highland Park Business
Business loans, specifically those that are unsecured business loan or line of credit for business funding need to not become a tense process. Business finance can be in the form in the form of small business loans at a fixed interest rates and repayment term that fits the requirements of your business liquidity.
Business Lenders for Business Goals
I'm now able to prepare espresso for clients with the best equipment.
Cafe Owner
I'm now able to finance the fitout of our new Highland Park resturant without having draw cash from other resturants.
Highland Park Resturant Owner
I'm able get my tax back on track.
Small Business Owner
Business loan interest rates and repayment terms and flexible repayment options to suit your company needs.
Business Lending Options
A simple loan application process that comes with a high amount of borrowing capacity, a low requirements for credit, and no requirement to submit a business plan. Stop using your personal credit card and business credit cards as a way to fund your company.
Unsecured Loans Made Simple
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for an business credit in Highland Park with us is simple and only takes some minutes, without mountains of paperwork or queues.

Receive approval and money within 1 to 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Highland Park companies of all types, whether small, medium or soloprenuers to get access to money quickly, so that they can take advantage of loans to grow and build.

  • It all starts with a simple online application or by phone
  • Flexible repayment terms to suit your business
  • Quick funding in a day or two days
  • A team wanting both you and your business to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in Highland Park of between $5K to $100K are quite minimal.

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

Are you looking for additional funding? Check out the conditions of eligibility for our $100K to $500K company credit.

Here's How Other People Have Benefited

Examples of Business Loans

A restaurant owner was wanting to open a second restaurant and required funds to fit out. Their bank was not interested in helping. Typical monthly revenue for them was $50K and they were able to borrow $66K for 24 months. The turnaround time was just 8 hours.
Restaurant Owner
With the busy holiday season approaching, a clothing store required additional working capital to finance additional inventory and to take advantage of discounts from suppliers. They took out a loan of $20K over a period of 12 months with no security for assets and received the funds within 24 hours.
Clothing Store
A designer for interiors had seen an opportunity to expand their business and needed working capital to finance this expansion. With monthly revenue of $300K they took out a loan of $250K for 24 months. Turnaround time for them was only two days and all they had for them to provide were 12 months worth of banking statement along with IRD confirmation and trust deed.
Interior Designer
A plumber who's had business for 3 years with $80K in monthly sales was looking for additional funding. They took out $153K on the course of 36 months. All that was required is 12 months worth of banking statements as well as confirmation of their status with IRD. The process was completed within a day and the plumber got their extra working capital available in their account in a matter of hours.
Plumber
When they purchased a pizza restaurant as well as two liquor stores six to 12 months earlier, the new owners were looking for more funds. The revenue total was greater than $500K per month and they were able to borrow $300K. This was then split as $100K for each store, with two different 24 and 36 month terms. No security over the owner's houses was required.
Owner of a Pizza Store & 2 Liquor Stores
Simple eligibility checklist

Larger Highland Park Business Loan Eligibility Criteria

The eligibility requirements for the larger Highland Park company loans of between $100K and $500K are:

  • A minimum of 3 years of business
  • At least $700K in annual revenue
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as identification proof
  • Have an account with a New Zealand bank as your principal account for trading
  • Bank statements from the previous 6 months
  • Certain financial statements, such as Profit & Loss and the Aged Accounts Payable and Receivable

Are you looking for a lower amount of capital? Find out the eligibility requirements for our $5K to $100K Highland Park unsecured business loans.

Business Lending for a Cash Injection

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

A Highland Park unsecured loan is great for virtually any company purpose. Call us now.

  • Add or remodel commercial spaces
  • Hire more staff during busy periods
  • Boost stock quantities to meet demand
  • Develop a new website, or boost your marketing
  • Consider investing in the latest equipment, tools or technology
  • Purchase extra stock to cover seasonal demand
  • Manage cash flow fluctuations
  • And many more …

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

Quick application checklist

What do you need to apply

All that’s needed for starting is your contact information (the name of your company, your name, email address and phone) as well as the amount you’d like to lend, and your monthly income.

During the process and before settlement we’ll need confirmation of who you are, but not to get started:

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

Additionally after we get started, for loans of more than $150,000 you’ll require basic financial statements.

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

A restaurant owner wanted to open a second establishment and required funds to installation. The bank was not interested in helping. Their typical monthly earnings was $50K and they were able to get a loan of $66K over the course of 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
A business coach was seeking to invest in a well-being and cosmetics company. With a little over $12K in monthly revenue, they borrowed $24K over 24 months. This only required 12 months of bank statements and was done in only 8 hours.
Business Coach
An interior designer had noticed an opportunity to grow their company and required working capital to finance the growth. With a monthly income of $300K, they borrowed $250K in 24 months. Their turnaround time was just 2 days and all they needed for them to present the required documents were twelve months' bank statements, IRD confirmation, and their trust deed.
Interior Designer
The busy Christmas season was fast approaching, a clothes store needed additional working capital to purchase more stock and take advantage of the discount offered by suppliers. They borrowed $20K over 12 months, with no asset security required and had the funds in 24 hours.
Clothing Store
A gym that had been in operation for more than 3 years decided to increase its size and needed additional equipment. With an average monthly revenue of $37K they borrowed $72K over a 24 month period. No security was needed to secure the loan. It was settled in the span of 24 hours.
Gym

Unsecured Business Loan Highland Park NZ 2010

The lending landscape has changed

With traditional lenders and banks tightening credit conditions and the constant stream of non-bank and alternative loan providers entering the market provides an excellent source to access.

Highland Park SME’s are now able to access finance through alternate lenders servicing Highland Park who are focused on enabling company growth or smoothing cash flow issues. In the past individual credit providers (drawing equity from a home loan or credit cards in addition to personal loans and the overdraft) provided the most viable alternative financing solutions in Highland Park that were around.

There is now there is no requirement for you to depend on the real estate market to secure business loan. With an unsecured loan, business financing is easy. Instead of a term loan with a bank, business finance for a small company with interest rates and loan terms that aid in cash flow are available as business loans.

 

 

High level summary

Separate personal and business debt

There are many advantages associated with the separation of personal and company debt.

  • Your home, or other investments, aren’t tethered to allow access to funds
  • This company will be in stronger position to build its own, solid credit history
  • It’s much more straightforward during tax time
  • Businesses can easily assess the situation, track and plan based on their ability to clearly evaluate their cash flow situation

Lower your risks, make the tax process simpler, start with an unsecure busines loan. Apply today.

For those who like the detail

Separate personal and business debt

Risk

One major benefit of keeping your private and business assets separate is that your house isn’t tied to access the funds. If you’re looking for a small business loan in Highland Park up to $100K asset security won’t be needed as 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 ability to service.

Tax

It is important to separate personal from company finances makes it much more straightforward in the event of tax time - especially when it comes to determining the tax-deductible amount. The IRD has set out guidelines for the documentation required to claim deductions on the tax return of a company. This is an area that the IRD have specifically advised on.

Cash flow

Effective management of cash flows is vital to the longevity that of any company. Through keeping the personal financial and company finance separate, companies can easily view how they are performing, monitor and plan on the ability to effectively determine their cash flow status.

I am now able to make beverages for clients with the best equipment.
Cafe Owner
I'm able to get my taxes back in order.
Small Business Owner
A straightforward loan application process that comes with a high borrowing limit, minimal requirements for credit and there is no need to create a business plan. You no longer need to use your personal credit card and business credit cards to finance your business.
Unsecured Loans Made Simple
I am now able to fund the construction of our fresh Highland Park resturant without having to borrow cash from other locations.
Highland Park Resturant Owner
Business loans, especially those that are unsecured business loan or line of credit to business funding require to not become a difficult process. Finance for a business in the shape of small business loans at a fixed interest rate cost, and with a repayment period that is suitable for your business financial needs.
Business Lenders for Business Goals
Business loans with interest rates and repayment conditions, and flexible repayment options to fit your business needs.
Business Lending Options
I can now take a holiday knowing my Highland Park business will run smoothly.
Local Business Owner
I'm now able hire a marketer to help me take my company to the next step of business growth.
Growing Business
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

More about the Highland Park Small Business Loans

Let me know more about Highland Park Small Business Loans

Highland Park 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.

How is how is the Unsecured Loan different from the traditional business loan?

You can apply for the Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive a same day response and have the funds available in just 24 hours. Traditional business loans reference an annual rate of interest together with additional fees and charges. Our business loan is an upfront priced loan so you will know ahead of time the amount you will have to pay, including any fees, interest or charges. Then, it is divided into weekly or daily payment amount.

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

It is a Small Business Loan can be used for virtually every business reason, such as cash flow management, business remodeling, marketing for purchasing inventory or new equipment, as general working capital, and much more. The loan is not available to fund personal expenses.

Concerning Larger Highland Park Business Loans

What is the Larger Highland Park Business Loan?

The Larger Business Loan is a larger size loan to aid in business expansion opportunities. Loans range between $100,000 and $500,000 over a fixed term with a maximum of 36 months. The repayments are made weekly or fortnightly depending on you cashflow.

How is the Origination Fee calculated?

A Larger Business Loan has an Origination Fee, which is determined at 2.5 percent of the amount of the loan.

Am I eligible for the Larger Business Loan?

To be eligible for a credit in this amount the business needs to have been in operation for at least 3 years, and have an annual income of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand company (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.

What can I use the funds for?

A large company loan is a great option for almost every company purpose including business improvements, purchasing equipment or inventory as well as for general working capital and so much more. The loan is not available for personal purposes.

Is the Larger Business Loan a secured loan?

Asset security is needed for funding of more than $150,000. This can be done by way of charge over assets, which could also include the registration of this on the PPSR or making as a caveat.

A personal or director’s ensure is a commitment to pay back a loan that is general in nature, rather than specifying security over a particular asset. The person who signs the guarantee is personally liable in the event that the business borrower is unable to re-pay the debt.

The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It contains security interests that are registered for personal property (including items or assets). The PPSR permits the priority of personal property granted depending on the date that a registration of a security interest.

A caveat is a legal document that is filed to provide notice of a legal claim to a property.

What exactly is a preapproval without Credit Check?

When you’re applying for the Larger Business Loan that is greater than $250K we may be able to provide an initial pre-approval to smooth out the process. We might be able to apply for this without a credit check, and within 6 hours of your initial application. This pre-approval is based on an initial assessment, which involves the answer to a series of financial well-being questions. It’s not an offer or guarantee of finance. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer you might receive could be subject to different conditions.

The application process

Can I be eligible for funding?

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 company (with a valid NZBN/IRD)
  • you must prove at least 6 months of trading (for the unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K to $500K)

How do I apply?

The application process is simple and easy. Just complete the online application within a few minutes and a dedicated company lending specialist will call you to guide you.

To be eligible for up to $100,000 you’ll need the right identification documents (valid Driver’s License) along with a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.

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

$100K-$250K: Details of application, including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Information on the application including credit consent twelve month bank accounts, the IRD statements, last 2 years finalised financial statements, and interim current financial year financials such as age-related payables and aged Receivables reports.

How fast will I get an answer?

For an unsecured loan ($5K to $100K) we usually provide an answer within an hour – as long as you make your application within quality company timings and let us utilise the bank verification system link to instantly verify your bank’s information online. If you want to upload copies of your bank statements , we are able to provide an answer in just the span of one company day.

If you are applying for a Larger Business Loan ($100K to $500K) we may be able to offer you with pre-approval conditional to your application in around six hours. After you’ve signed your pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this can be quicker based on the circumstances of each application. Some deals have been approved within 24 hours.

The quickest method is to make sure you apply during normal business hours and allow us to use the advance bank verification to instantly verify your bank information online. If you opt to send us documents from your account statement, it will take a little longer.

How soon will I receive the funds?

For the Small Business Loan ($5K and up) we usually provide an answer within one hour if you make your application in standard business time and let us utilise the advanced bank verification system link to instantly verify your bank details online. If you want to send us copies of your bank statements, we are able to provide the decision within 1 business day.

For the Larger Business Loans ($100K up to $500,000) we may be able to offer the conditional pre-approval in around six hours. Once you have signed the pre-approval form, it will take around 2-3 days for final approval, however this can be faster depending on the particular circumstances of each application. Some deals have been approved in 24 hours.

The fastest way is to ensure you apply during standard business hours. Also, let us use the sophisticated bank verification link to instantly confirm your bank details online. If you choose to upload the copies of bank statement, it can take a bit longer.

What’s the minimum amount I can borrow?

We provide loan amounts between $5,000 and $500,000. When you make an application for a specific amount we take into consideration a range of aspects that determine the well-being of the business and the level of the repayments your business can support. The amount you receive from your loan will depend on the specifics the company.

If you apply for a particular amount, we will consider a number of factors to assess your well-being that is your business and the extent of repayments your business is able to afford. The amount you receive from your loan will be determined by the specific circumstances the business.

Fees & repayments

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

When you request business loans with us company credit, we’ll assess the risk assessment for your company and provide you with a tailored offer, including the loan amount, the terms and the interest rates. A business loan is a loan that is priced upfront therefore you will be aware of the total amount to be paid, including any charges or interest.

What is the factor that determines the price I will be charged?

The interest rates on business loans rates differ based on various factors including the amount that is borrowed, what company assets the money will be used for as well as the field the business operates in, how long the company has been running, what percentage of the company has enough cash flow to support the loan, and general well-being as well as creditworthiness company.

What are the cost?

There are no hidden costs with our company loans. You’ll know precisely what it is that you need to pay and when, from the very first day. There’s no compounding and there are no additional charges (as as long as you pay your payments on time).

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

The Origination Fee is the cost associated with setting up and managing the loan. The only way to pay this fee if you proceed with the loan. Our Origination Fee is 2.5% of the amount of the loan.

Can I repay the loan earlier?

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

If you do decide to pursue this option, please speak to our friendly business credit experts. The specialists will provide you with details for repayment along with an early payout estimate. It will be calculated using the sum of the principal amount remaining and any accrued interest at the time of early payout in addition to 1.5% of the principal amount remaining and any outstanding fees.

What is the process for repayments?

To help you avoid missing payments and to work your cash flow cycle we provide repayments either daily or weekly. They will be automatically deducted from your nominated company account.

Security & privacy

Will my data be protected?

Security of your data, and being clear about how we collect the information we collect, use, share and secure your information, is vital and is a crucial element of our relationship with you.

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

Yes. We make use of industry-standard encryption standards to secure your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our commitment to the security of our customers as well as their security. We make use of an advanced bank verification system that allows you to immediately verify your bank account details online. This allows us to offer rapid response.

About business loans

What’s an asset-based borrow (a secured loan)?

An asset-based loan is when a company owner utilises an asset they own to secure the funds for a loan. The asset can be an individual asset, such as the family home or a company asset such as a vehicle or piece or equipment.

The vast majority of lending institutions, including the major banks, prefer to make loans secured by assets. If you have trouble paying back the loan then the asset might be taken over by the lender. In essence it’s means of securing new financing using the value of what you already own.

Are I need security to secure a business loan?

For loans that exceed $150,000, there is no requirement for asset security upfront to access the money However, we require a personal guarantee. need the personal guarantee. As long as you follow the loan terms (as stated in your loan contract document) Asset security will never be needed. For loans that exceed $150K, typically, you will need personal guarantee and security that is in the form the charge of assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction websites & auction houses
  • Debt collection firms & debt purchasers
  • Direct marketers such as telemarketing, fundraising, mail order, direct-mail etc
  • Finance institutions and lenders
  • {Firearm related businesses
  • Foreign currency exchange offerings
  • Freight forwarding & customs clearing houses
  • Anything gambling related
  • Non-profit organisationsincluding charities, churches etc
  • Panel beaters & smash repairers
  • Pawnbrokers & pawn shops
  • Property development
  • Investment business, shares or stockbrokers
  • Tattoo palours
  • Taxi and ride-sharing services
  • Entertainment sales or ticket resellers
  • Vehicle towing services
  • Used automotive dealers
  • Automotive glass tinting
  • Vehicle wrecking yards

We can’t assist with an unsecure business loan in those industries, we might be able to help you with secured business loan.

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Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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0800 030 430