Unsecured Business Loans Altona VIC

By This Tomorrow You Could Be All Set For Success By Obtaining an Altona Business Loan

Unsecured Business Loans Altona

An Altona unsecured business loan is quick and simple to get. Approve your loan in a matter of minutes and begin using the money to grow your business.

  • Do you think that additional funds could help your business by allowing you to work capital or to realise the opportunity for growth?
  • What are the best ways to finance your company needs?

What to expect:

  • It’s easy to apply and be approved for funds as soon as tomorrow
  • There is no option to remittances in the initial four weeks
  • Amount of loan from $5k up to $500K
  • Terms from 3 to 36 months
  • Competitive rates of interest rates
  • Minimal docs needed

The eligibility requirements for an unsecured business loan within Altona are fairly minimal.

Call Now 1300 930 634
An easy loan application process that comes with a high borrowing limit, minimal credit criteria and no requirement to provide a business plan. Stop using your personal credit card and business credit cards as a way to fund your company.
Unsecured Loans Made Simple
I can now make beverages for clients with the very best equipment.
Cafe Owner
Business loans, in particular those that are unsecured business loan or line of credit for business financing need not be a difficult process. Business finance can be in the form of small business loans that have an interest rate and repayment period that fits the needs of your company financial needs.
Business Lenders for Business Goals
I'm now able take vacation knowing that the Altona company will run effortlessly.
Local Business Owner
I'm able to get my taxes back to keep me on track.
Small Business Owner
I can now hire a marketer to boost my business to the next level.
Growing Altona Business
Business loans with interest rates and repayment conditions, and flexible repayment options to meet your business needs.
Business Lending Options
I'm now able fund the renovation of our newly constructed Altona resturant without having to borrow cash from other restaurants.
Altona Resturant Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Requesting a company financing within Altona with us is easy and takes only less than a minute, with no lengthy forms or lines.

Receive approval and funds in one to two business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Altona companies of all sorts small, medium even solopreneurs access money quickly, so that they can make use of the loan to expand and grow.

  • It begins with an easy online application or phone call
  • Flexible terms for repayment to fit your business
  • Quick funding in a day or two
  • We want for you as well as your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in Altona of between $5K and $100K are pretty minimal.

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

Need more funds? Check out the eligibility requirements for our $100K to $500K company financing.

Here's How Other People Have Benefited

Examples of Business Loans

A gym that was running for more than three years, was planning to expand 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 ready in 24 hours.
Gym
A plumber who has had business for three years with monthly sales of $80K was in need of more funds. They borrowed $153K over 36 months. All that was required was 12 months of bank statements and confirmation of the loan's status with IRD. The procedure was completed within a day and the plumber received their additional working capital in their account within a short time.
Plumber
A restaurant owner wanted to open a second location and needed funding to renovation. The bank was not willing to help. Their typical monthly earnings was $50K, and they were able borrow $66K over the course of 24 months. Turnaround was only 8 hours.
Restaurant Owner
Acquiring a pizza restaurant and 2 liquor stores six to 12 months earlier the new owners needed additional cash. The revenue total was greater than $500K per month . The owners were able to obtain $300K, split out as $100K for each store using a mix of 24 and 36 months. There was no security on the owners' homes was required.
Owner of a Pizza Store & 2 Liquor Stores
The owner of a tiny grocery store making $70K a month borrowed $76K over a 24 month period, with no payments for the first 4 weeks. This was contingent on 12 months of bank statements. Turnaround time was just 6 hours from the time of application until receiving the funds.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Altona Business Loan Eligibility Criteria

The criteria to be eligible for larger Altona business loans of between $100K and $500K are:

  • Minimum of 3 years trading in business
  • A minimum of $700K annually in revenue
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for identification proof
  • Use an account at a New Zealand bank as your main trading account
  • Bank statements from the past six months
  • Certain financial statements include Profit & Loss and Aged Accounts Payable and Receivable

Looking for a smaller amount of money? Take a look at the eligibility requirements for our $5K-$100K Altona unsecured company loans.

Business Lending for a Cash Injection

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

An Altona unsecured loan is great for virtually any company purpose. Get in touch with us today.

  • Expand or renovate a commercial premises
  • Staff expansion for busy periods
  • Boost stock levels to keep pace with demand
  • Develop a new website, or increase your marketing
  • Put money into new tools, equipment or technological advancements
  • Purchase extra stock to cover seasonal demand
  • Manage cash flow fluctuations
  • Plus lots more …

Do you want to start working on one of these projects as soon as tomorrow? Contact us or apply online now for the quickjest fasted way.

Quick application checklist

What do you need to apply

All that’s required to get started is your contact details (company name, your name, email address or phone number) as well as the amount you’d like to lend, and your monthly revenue.

In the course of the process and before settlement we will need confirmation of your identity but not before we can begin:

  • Idenfication information (valid Driver’s License)
  • Business details including trading time, ownership details , and details of ownership and trading time, as well as NZBN (New Zealand Business Number)

Additionally after we get started with loans over $150,000 you’ll need the following financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

The busy Christmas season was coming up, a store selling clothing required working capital in order to finance additional stock and take advantage of discounts offered by 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 gym that was in operation for more than 3 years wanted to grow and needed additional equipment. With a monthly turnover of $37K they borrowed $72K over a month period. The loan was not secured for the loan and it was compelted in only 24 hours.
Gym
The owner of a modest supermarket that was making $70K a month borrowed $76K over a 24 month period, with no payments during the initial 4 weeks. This was contingent on 12 months of bank statements. The turn around time was 6 hours from the time of application until receiving the funds.
Grocery Store Small Business Loan
A business coach was seeking to invest in a well-being and beauty business. With a little over $12K in monthly revenues the company was able to borrow $24K over 24 months. The loan was based on 12 months of bank statements and was completed in just 8 hours.
Business Coach
Acquiring a pizza restaurant and 2 liquor stores six to 12 months earlier, the new owners were seeking more funds. The combined revenue was over $500K per month . The owners could have borrowed $300K, split out as $100K for each store using the option of 24- and 36 months. There was no security on the owners' houses was required.
Owner of a Pizza Store & 2 Liquor Stores

Unsecured Business Loan Altona VIC 3018

The lending landscape has changed

With traditional lenders and banks increasing their credit requirements and the constant stream of alternative and non-bank loan providers that are entering the market provides an excellent source for you to tap into.

Altona SME’s are now in a position to obtain finance via alternative lenders that service Altona who are focused on facilitating company growth or smoothing cash flow issues. In the past, private credit options (drawing equity from a home loan, or by using credit cards in addition to personal loans and loans) was the sole alternative financing services for Altona that were around.

There is now no requirement of having to depend on real estate to secure company lending. With an unsecured loan, business funding is made simple. Instead of a term loan with a bank, business finance for an SME with interest rates and loan terms that aid in cash flow are around as business lending options.

 

 

High level summary

Separate personal and business debt

There are many advantages associated with separating personal and company debt.

  • Your home or other investmentsaren’t tied for the purpose of accessing funds
  • It is the business will be in much better position to establish its own, solid credit history
  • It’s substantially more seamless when it comes to tax time
  • Businesses are able to easily review their cash flow, monitor and plan based on the ability to clearly determine their cash flow position

Lower your risks, make tax time more simple, apply for an unsecure loan for business, apply today.

For those who like the detail

Separate personal and business debt

Risk

One of the main benefits of keeping your private and company assets apart is that your house isn’t required to be tied to access the funds. For a modest business loan within Altona up to $100K asset security won’t be required as long as the borrower fulfills the loan requirements.

Credit history

Businesses will be in a favourable long-term position if they can demonstrate good credit/debt ability to service.

Tax

It is important to separate personal from business financial accounts makes it more seamless when it comes to tax time, particularly when determining what is the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has laid out guidelines on the proof required for claiming deductions on an individual’s tax return. This is an area that the IRD have specifically advised on.

Cash flow

Effective management of cash flows is key for the long-term survival for any business. Through keeping your personal finances and business finance separate, businesses can easily view the situation, track and plan based on the ability to effectively assess their cash flow position.

I'm now able to go on an extended vacation knowing that the Altona company will run smoothly.
Local Business Owner
I'm now able fund the remodel of our brand newly constructed Altona resturant without having draw cash from other ones.
Altona Resturant Owner
I'm able to get my taxes back in order.
Small Business Owner
I can now make the coffee I serve my customers using the best equipment.
Cafe Owner
A simple loan application process that comes with a high borrowing limit, minimal requirements for credit and there is no requirement to submit a business plan. Do not use your personal credit card or business credit card to finance your company.
Unsecured Loans Made Simple
Business loan interest rates and repayment terms and flexible repayment options to suit you company needs.
Business Lending Options
I can now hire an experienced marketer to help me increase the success of my company to the next step of business growth.
Growing Business
Business loans, particularly those that are unsecured business loan or line of credit to business funding require not be a stressfull procedure. Business finance in the form of small business loans at a fixed interest rate cost, and with a repayment time that will suit the needs of your business financial needs.
Business Lenders for Business Goals
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Information About The Altona Small Business Loans

Tell me more about Altona Small Business Loans

Altona unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.

How is this Unsecured Loan different from an traditional company loan?

You can apply for the Small Business Loan in under 10 minutes online or over the phone, receive an answer within the same day and the funds could be in your account in 24 hours. Traditional business loans are based on an annual rate of interest along with other charges and fees. The business loan is an upfront priced loan and you’ll know in advance the total amount due, which includes any fees, interest or charges. Then, it is divided into a daily or weekly installment amount.

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

The Small Business Loan can be used for almost any company reason, such as control of cash flow company 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.

About the Larger Altona Business Loans

What is the Larger Altona 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 fixed-term that can last up to 36 months. Repayments are either weekly or fortnightly, depending on you cashflow.

How’s the Origination Fee calculated?

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

Am I eligible for the Larger Business Loan?

To qualify for a loan of this size, your company needs to be operating for at least three years and generate an annual revenue of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand company (with a valid NZBN/IRD) and be able to prove at least 12 months of trading.

What can I use the funding for?

A larger business loan is a great option for almost any company reason, such as business improvements, purchasing equipment or inventory or as general working capital, and much more. The loan cannot be used for personal reasons.

Is the Larger Business Loan a secured loan?

Asset security is required for funding of more than $150,000. It is usually by way of charge against assets, which could also include registering this in the PPSR or filing a caveat.

A personal or director’s guarantee is a guarantee to pay back a loan that is general in nature rather than specifying the security of a specific asset. The person who signs the guarantee is personally accountable if the business borrower is unable to re-pay the debt.

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

The caveat can be described as a formal form of document to provide an official notice of a claim to property.

What is a pre-approval that does not require Credit Check?

If you’re seeking larger company loans of $250,000 or more, we may offer an initial pre-approval to smooth out the process. We could be able to get this done without a credit check and within 6 hours of your initial application. This pre-approval is made based on a preliminary assessment which includes the answer to a series of financial health checks. It’s neither an offer nor a guarantee of financing. A conditional approval is subject an assessment of your creditworthiness and any offer that you might receive could be based on different conditions.

Application process

Are I eligible for funding?

You can apply for a company loan if you

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

How do I apply?

The application process is simple and simple. Just complete the online application within a few minutes and a dedicated business loan specialist will contact you to guide you through the process.

To apply for up to $100,000 you’ll need identification details (valid Driver’s License) and a valid NZBN/IRD as well as at least 6 months of bank statements.

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

$100K to $250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K to $500K: Application details including credit consent as well as 12 months of bank statements, IRD statements, last 2 years finalised financial statements, in addition to interim financials for the current financial year such as age-related payables and aged Receivables reports.

What speed will I be able to get an answer?

For an unsecured loan ($5K to $100K) we usually provide an answer in just one hour, provided you make your application during quality company time and you allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you decide to submit copies of your bank statement, we’ll offer an answer within just the span of one business day.

For Larger Business Loans ($100K up to $500,000) we could be capable of provide you with conditional pre-approval in around 6 hours. After you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval. However, this could be shorter based on the particular circumstances of each application. Some deals have been approved in just 24 hours.

The quickest method can be ensure you apply during normal business hours, and allow us to use the advance bank verification link to instantly check your bank’s information online. If you opt to upload the copies of bank statements , it may take a bit longer.

How quickly will I receive the funds?

For the Small Business Loan ($5K up to $100,000) we typically offer a response in one hour, provided you apply during standard business times and allow us to use the advanced bank verification system to instantly verify your bank’s information online. If you want to upload copies of your bank statements, we’ll be able to offer an answer within an business day.

If you are applying for Larger Business Loans ($100K up to $500,000) we may be able to offer you with a conditional pre-approval within about 6 hours. Once you’ve signed your pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this could be shorter based on the particular circumstances of each application. Some agreements have been approved in 24 hours.

The fastest method is to ensure you apply during standard business hours and let us use the sophisticated bank verification link to confirm your bank details online. If you send us copies of your bank accounts, it may take a bit longer.

How much can I borrow?

We provide loans ranging from $5,000 and $500,000. When you submit an application for a particular amount, we consider a variety of variables for determining what is the well-being that is your company and the extent of repayments that your business can support. The amount you receive from the loan will be determined by the specific circumstances of your company.

When you make an application for a specific amount we look at a range of factors to assess your health of the company and the amount of payments your business can support. The amount you receive from the loan will be determined by the specifics that are unique to your business.

Fees & repayments

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

When you apply for our business financing, we will assess the risk assessment that you have for your company and provide an individualised offer that includes the amount of loan, the term and interest rates. A business loan is an upfront priced loan so you will know in advance the total amount due, which includes any charges or interest.

What determines the amount I’m charged?

The interest rates on business loans rates depend on a variety of factors like the amount of money that is borrowed, what company assets the funds are used to purchase, the industry the company operates in, the long the company has been operating as well as what percentage of the business has enough cash flow to fund the loan, and also the general well-being as well as creditworthiness company.

What are the fees?

There are no hidden fees with our business loans. You’ll be aware of the amount you’ll need to pay, and when, starting from day one. There’s no compounding and there are no additional charges (as as you make your payments in time).

We don’t charge an Application Fee. You can make an application for loans with with no upfront cost or any obligation to sign up.

The Origination Fee includes the expenses associated with establishing and managing the loan. The only way to pay this cost if you take out the loan. Our Origination Fee is 2.5 percent of the amount of the loan.

Can I pay out the loan earlier?

You can decide to repay the entire amount of your loan early at any time.

If you decide to take this route, please contact our helpful business loans experts. They’ll provide you with details for repayment and an early payment figure. The figure will be calculated as the sum of the principal balance plus any accrued interest as of the date of early payout, plus 1.5% of the principal amount remaining and any fees that remain unpaid.

What is the process for repayments?

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

Security & privacy

Will my data be secure?

Protecting your information, and being upfront about how we collect, use, exchange and safeguard your data, is of huge importance and a vital element of our relationship with you.

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

Yes. We utilise industry-recognised encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 qualified for our commitment to security for our clients and security. We make use of an advanced banking verification system to instantly verify your bank account information online to offer a fast response.

About business loans

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

Asset-based borrowing occurs when a business owner uses assets they own to get the funding. The asset may be an asset belonging to the personal, like the family home or it could be a company property like a truck or other piece of machinery.

The majority of lenders, even the major banks, prefer to make loans secured by an asset. If you’re struggling to pay back the loan then your asset may be transferred to the lender. In essence, it is means of securing additional financing using the worth of the asset you already own.

Should I need security to secure an business loan?

For loans up to $150,000 the requirement for asset security is not required in advance to gain access to the funds but we do need an individual guarantee. As long as you follow your loan commitments (as stipulated in your loan contract) Asset security is not needed. For loans that exceed $150K, generally, there is the option of a personal guarantee and security is provided in the form of a charge over assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction websites or auction houses
  • Debt collection companies & debt purchasers
  • Direct marketers such as mail order, fundraising, telemarketing, direct-mail etc.
  • Finance institutions and lenders
  • {Firearm businesses
  • Foreign currency exchange solutions
  • Freight forwarding & customs clearing houses
  • Gambling related industries
  • Not-for-profit organisationsincluding charities, churches etc
  • Smash repairers and panel beaters
  • Pawnbrokers or pawn shops
  • Property developers
  • Shares, stockbrokers and investment businesses
  • Tattoo palours
  • Taxi or ridesharing services
  • Ticket resellers or entertainment sales
  • Vehicle towing services
  • Used car dealers
  • Vehicle glass tintingcompanies
  • Automotive wrecking yards

While we aren’t able to help with an unsecure business loan for these types of industries, we may be able to assist you by providing secured business loan.

Melbourne Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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Apply Now

Contact Us

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1300 930 634