Unsecured Business Loans Brighton VIC

If You Do This Today, You'll Have Everything You Need to Be Successful WithThe Help Of a Brighton Business Loan

Unsecured Business Loans Brighton

A Brighton unsecured business loan is simple and quick to obtain. Get a quick apporval and start using the funds to grow your company.

  • Would extra funds help your business in working capital, or for the opportunity for growth?
  • How do you finance your company requirements?

What to expect:

  • Simple process to apply to be approved and receive cash as quickly as tomorrow
  • There is no option to remittances in the initial 4 weeks
  • Borrow from $5k to $500K
  • Terms from 3-36 months
  • Competitive rates of interest rates
  • Minimal docs required

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

Call Now 1300 930 634
Business loans, specifically those that are unsecured business loan or line of credit to business funding require have no stressful process. Business finance can be in the form in the form of small business loans at an interest rate and repayment schedule which is compatible with your business liquidity.
Business Lenders for Business Goals
I'm now able to prepare the coffee I serve my clients with the best equipment.
Cafe Owner
I'm now able take a holiday knowing the Brighton business will run effortlessly.
Local Business Owner
An easy loan application process that comes with a high amount of borrowing capacity, a low credit criteria and there is no need to provide a business plan. Stop using your personal credit card and company credit cards to finance your company.
Unsecured Loans Made Simple
I can get my tax back to keep me on track.
Small Business Owner
I'm now able to finance the renovation of our fresh Brighton resturant without having to borrow cash from other ones.
Brighton Resturant Owner
I'm now able hire an specialist marketer to increase the success of my company to the next step.
Growing Brighton Business
Business business loans, interest rates and repayment conditions, and flexible repayment options to meet your business needs.
Business Lending Options
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for an business credit within Brighton with us is simple and only takes a few minutes, no piles of paperwork or long waits.

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 want to assist Brighton businesses of all types, whether small, medium or solopreneurs to access money quickly, so that they can make use of the loan to expand and grow.

  • It all starts with a simple online application or by phone
  • Flexible terms for repayment to fit your company
  • Quick funding in a day or two days
  • A team that wants both you and your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • Minimum of 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 for proof of identity
  • Make sure you have a New Zealand bank as your primary account for trading
  • Bank statements for the last six months

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

Here's How Others Have Benefited

Examples of Business Loans

Following the purchase of a pizza restaurant and 2 liquor stores 6-to 12 months ago, the new owners needed additional cash. The combined revenue was over 500K per month. They were able to obtain $300K. This was then split as $100K per store with two different 24 and 36 months. No security over the owners homes was required.
Owner of a Pizza Store & 2 Liquor Stores
A gym that had been going for nearly 3 years, was planning to expand and needed more equipment. With monthly revenue of $37K they borrowed $72K over a month period. The loan was not secured to secure the loan. It was ready to go in 24 hours.
Gym
A restaurant owner wanted to open a second location and needed funds for the remodel. The bank they approached wasn't willing to help. The average monthly income for them was $50K, and they were able borrow $66K in 24 months. The turnaround time was 8 hours.
Restaurant Owner
A company coach was seeking to invest in an well-being and beauty business. With just a little more than $12K in monthly revenues, they borrowed $24K over 24 months. This required the submission of 12 months' bank statements and was completed in just 8 hours.
Business Coach
An interior designer had noticed an opportunity to expand their business and required working capital in order to finance this growth. With an annual revenue of $300K they borrowed $250K over the course of 24 months. The turnaround time was just 2 days and all they had to present were 12 months worth of banking statements, IRD confirmation, and their trust deed.
Interior Designer
Simple eligibility checklist

Larger Brighton Business Loan Eligibility Criteria

The criteria to be eligible in the larger Brighton business loans of between $100K to $500K comprise:

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

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

Business Lending for a Cash Injection

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

A Brighton unsecured loan is ideal for virtually any business reason. Get in touch with us today.

  • Remodel or expand commercial spaces
  • Hire more staff for busy periods
  • Boost stock levels to keep up with demand
  • Develop a new website, or increase your marketing
  • Make sure you invest in new tools, equipment or the latest technology
  • Purchase extra stock to cover the seasonal demand
  • Control cash flow fluctuations
  • And many more …

Are you looking to start one of these idea as quickly as tomorrow? Get in touch with us now or apply online for the quickjest fasted way.

Quick application checklist

What do you need to apply

All that’s needed to start is your contact details (company name and your name, as well as email or phone number) as well as the amount you want to borrow, as well as your monthly income.

In the course of the process and before settlement we’ll require confirmation of your identity but not for starting:

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

In addition, once we have started when it comes to loans of more than $150,000 you’ll require basic financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

With the busy Christmas season fast approaching, a clothes store needed additional working capital to fund extra inventory and benefit from discounts offered by suppliers. They were able to borrow $20K for 12 months without collateral for their assets, and they had the funds in 24 hours.
Clothing Store
A gym that had been in operation for more than 3 years, was planning to expand and required additional equipment. With an average monthly revenue of $37K they borrowed $72K over a 24- month period. No security was needed and the loan was ready in just 24 hours.
Gym
An interior designer had spotted an opportunity to increase the size of their company and needed working capital in order to finance this growth. With an annual revenue of $300K they borrowed $250K over the course of 24 months. Turnaround time for them was only 2 days, and all they had for them to provide is 12 months' worth of Bank statement along with IRD confirmation and their trust deed.
Interior Designer
The owner of a modest supermarket that was making $70K a month borrowed $76K over a 24-month term with no repayments for the first 4 weeks. This was contingent on 12 months of bank statements. Turnaround time was just 6 hours from application to getting the funds.
Grocery Store Small Business Loan
A plumber who's operated their business for 3 years, with monthly sales of $80K was in require of more funds. They were able to borrow $153K over 36 months. The only thing needed is 12 months worth of banking statements as well as confirmation from the IRD. The procedure was completed within a day and the plumber got their extra working capital available in their account shortly thereafter.
Plumber

Unsecured Business Loan Brighton VIC 3186

The lending landscape has changed

With traditional lenders and banks tightening credit conditions as well as the continuous stream of non-bank and alternative loan providers entering the market provides an incredible source for you to make use of.

Brighton SME’s are now in a position to obtain finance via alternative lenders that service Brighton who are focused on enabling company growth or smoothing cash flow issues. In the past personal credit sources (drawing equity from the home loan, or by using credit cards, personal loans and credit cards) were the only alternative funding services within Brighton that were around.

There is now an end to the need of having to depend on using real estate to secure company lending. With an unsecured loan, business financing is easy. Instead of a term loan with a bank, business finance for an SME with interest rates and loan terms that help to manage cash flow are available as business loans.

 

 

High level summary

Separate personal and business debt

There are substantial benefits associated in separating personal from business debt.

  • Your home or other investments, aren’t tied up for the purpose of accessing funds
  • It is the business is in a more favourable position to create its own, solid credit history
  • It’s much more straightforward at tax time
  • Businesses can easily assess their cash flow, monitor and plan based on being able to clearly examine their cash flow status

Lower your risks, make the tax process much easier. Get started with an unsecure busines loan, apply today.

For those who like the detail

Separate personal and business debt

Risk

One of the main benefits of keeping your personal and company assets separate will be the fact that your house does not have to be tied for access to the money. If you’re looking for a small business loan in Brighton up to $100K, asset security will not be required as long as the borrower meets the loan requirements.

Credit history

Businesses are in a more favourable long-term position if they can show good credit and debt ability to service.

Tax

The separation of personal as well as company finances makes it much more straightforward with regards to tax time - especially when it comes to determining the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has laid out rules on the evidence required to claim deductions on an organisation’s tax return. This is an area where the IRD has specifically advised on.

Cash flow

Effective cash flow management is vital to the longevity in any business. By maintaining personal as well as company finance separate, companies can easily view how they are performing, monitor and plan on their ability to easily assess their cash flow position.

Business loans, specifically an unsecured business loan or line of credit to business funding require to not become a stressfull process. Finance for a company in the shape in the form of small business loans with an interest rate cost, and with a repayment period that will suit your company cash flow.
Business Lenders for Business Goals
Simple loan application procedure with a large limit on borrowing, no requirements for credit and there is no need to present a business plan. You no longer need to use your personal credit card and company credit card to fund your company.
Unsecured Loans Made Simple
I'm now able to prepare beverages for clients with the best equipment.
Cafe Owner
I can now hire a marketing specialist to help me take my business to the next step of business growth.
Growing Business
I can get my tax back in order.
Small Business Owner
Business loans with interest rates and repayment terms as well as flexible repayment options to meet you company requirements.
Business Lending Options
I am now able to take vacation knowing that the Brighton business will run well.
Local Business Owner
I am now able to fund the construction of our new Brighton resturant without having to pull cash from the other resturants.
Brighton Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Brighton Small Business Loans

Tell me how you can avail the Brighton Small Business Loans

Brighton unsecured loans provides amounts between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow-friendly repayments which can be made daily or weekly.

What is what makes the Unsecured Loan different from the traditional business loan?

You can apply to get this Small Business Loan in under 10 minutes by phone. You will receive an immediate response, and the funds could be in your account within 24 hours. Traditional company loans refer to an annual interest rate together with additional fees and charges. This business loan is an upfront priced loan therefore you’ll be aware of the total amount due, which includes the interest, fees and charges. Then, it is broken down into either a daily or weekly payment amount.

What could the Small Business Loan be used for?

A Small Business Loan can be used for virtually any company use, including managing cash flows, business remodels and marketing to purchase inventory, new equipment, for general working capital and much more. The loan cannot be used for personal reasons.

Concerning Larger Brighton Business Loans

What is the Larger Brighton Business Loan?

The Larger Business Loan is a larger amount of loan to help company expansion opportunities. Loans range between $100,000 and $500,000 with a fixed-term for up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate the flow of cash.

How’s the Origination Fee calculated?

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

Do I qualify for the Larger Business Loan?

In order to be eligible for a loan of this size, your company needs to have been operating for at least three years, and have an annual income of at least $700K. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.

What can I use the funding for?

A Larger Business Loan is a great option for almost all company need, including company improvements, purchasing inventory or new equipment for general working capital and much more. The loan is not available for personal purposes.

Is the Larger Business Loan a secured loan?

Asset security is required for accessing funds over $150,000. This is as a result of an charge against assets, which could also be registered through the PPSR or making as a caveat.

A personal or director’s guarantee is a commitment to pay off a credit line that is generally in nature rather than stating the security of a specific asset. The person who is signing the guarantee is personally liable if the business borrower is unable to re-pay the debt.

The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It lists security interests that are registered in respect of personal property (including objects or assets). The PPSR allows prioritisation over property that is personal to be assigned according to the date the registration of a security interest.

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

What is a pre-approval minus Credit Check?

When you’re applying for an enterprise loan of $250K or more it is possible to offer an initial pre-approval to smooth out the process. It is possible to get this done without a credit verification and within 6 hours of your initial application. This pre-approval is made based on an initial evaluation that involves you answering some financial well-being questions. It is neither an offer nor a guarantee of financing. The approval of a conditional loan is subject to a full credit assessment and any offer that you are offered could be based on different conditions.

Application process

Do I have the right to receive funds?

You may be eligible for a business loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are over the age of 18 and own a New Zealand company (with a valid NZBN/IRD)
  • must show at least six months of trading (for a unsecured loan $5K – $100K) or 3 years of trading (for the Larger Business Loan $100K to $500K)

How do I apply?

The application process is quick and easy. Simply complete the online form within a few minutes and an experienced business loan specialist will call you to guide you.

For a loan of up to $100,000 you’ll need identification details (valid Driver’s Licence) as well as a valid NZBN/IRD as well as at least six months worth of bank statements.

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

$100K to $250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K to $500K: Application details including credit consent as well as 12 months of bank records, IRD statement and the last two years’ finalised financial statements, plus interim financials for the current financial year as well as Aged Payables and Receivables reports.

How fast will I get a decision?

For an unsecured loan ($5K and up) we usually provide an answer within one hour – as long as you make your application at standard business time and let us use the advanced bank verification system link to immediately verify your bank account information online. If you choose to upload copies of your banking statements , we will be able to offer an answer within an business day.

If you are applying for a Larger Business Loan ($100K up to $500,000) we may be in a position to offer you with pre-approval conditional to your application in about six hours. Once you have signed the pre-approval, the turnaround time is around 2-3 days for final approval, however this could be shorter based on the circumstances of each application. Certain deals have been approved within 24 hours.

The quickest way to apply can be ensure you apply during standard company hours, and permit us to use the advanced bank verification system link to check your bank’s information online. If you decide to upload copies of your bank statement, it can take a bit longer.

How quickly will I receive the money?

For the Small Business Loan ($5K or more) we usually provide an answer within an hour – as long as you submit your request at normal business times and allow us to make use of the advanced bank verification system to instantly verify your bank information online. If you decide to submit copies of your bank statement, we’ll offer a decision in as little as an business day.

If you are applying for Larger Business Loans ($100K up to $500,000) We may be in a position to provide you with conditional pre-approval in around six hours. Once you have signed the pre-approval form, it will take approximately 2-3 days to receive final approval, however this may be quicker depending on the particular circumstances of each application. Some agreements have been approved in the space of 24 hours.

The most effective method would be to make sure you apply during standard business hours, and let us use the advanced bank verification system to verify your bank information online. If you opt to send us copies of your bank statements it can take a bit longer.

How much can I borrow?

We offer loans ranging from $5,000 and $500,000. If you apply for a particular amount, we look at a variety of factors in order to assess the well-being for your business and the level of repayments your business will be able to support. The amount you receive from your loan will be contingent on the particular circumstances that are unique to your company.

When you submit an application for a set amount, we consider a variety of aspects to determine the well-being of your business and the amount of repayments that your business can support. The amount you receive from your loan will be contingent on the particulars of your company.

Fees & repayments

How much should you charge for a business loan?

When you make an application for the company financing, we’ll assess the risk profile that you have for your company and offer an individualised offer including loan amount, term and interest rates. A business loan is a loan that is priced upfront therefore you will be aware in advance of the total amount to be paid, including any charges, interest rates or fees.

What is the factor that determines the price I pay?

Business loan interest rates vary due to factors like the amount of money borrowed, what company assets the money will be used for as well as the field the business operates in, how long the business has been in operation, whether the business has sufficient cash flow to cover the loan, as well as the overall well-being and creditworthiness of the business.

What are the fees?

There are no hidden fees for our business loans. You’ll know precisely how much you’ll be required to pay, and when, right from the very first day. There’s not any compounding interest and no extra fees (as long as you make your payments on time).

We do not charge an Application Fee. You can make an application for loans with no upfront cost or the obligation to take action.

The Origination Fee covers the expenses involved in establishing and managing the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the amount of loan.

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

You can choose to repay the entire amount of your loan in full at any time.

If you choose to take this route, please speak to our friendly company credit professionals. They’ll offer you with the details of your repayment as well as an early payout amount. The figure will be calculated as the total of the principal amount remaining and any accrued interest at the time of the early payout, plus 1.5% of the principal remaining and any fees that remain unpaid.

What are the repayment methods?

To help you avoid missing due dates and also to be in line with your cash flow standard, we offer repayments either daily or weekly. They will be automatically deducted from your nominated business account.

Security & privacy

Will my information be secure?

Making sure that your information is secure, and being clear about how we collect information, use it, and exchange it, as well as safeguard your data, is vital and is an essential part of our relationship with you.

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

Yes. We use industry recognised encryption techniques to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our dedication to customer security and privacy. We make use of an advanced bank verification system that allows you to instantly verify the bank account details online. This allows us to offer rapid response.

About business loans

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

Asset-based borrowing occurs when the business owner makes use of an asset that they own to obtain the funds for a loan. The asset could be an asset belonging to the personal, like the family home, or it could be a business asset like a truck or piece of equipment.

The vast majority of the lenders even the largest banks, are inclined to make loans secured by an asset. If you have trouble paying back the loan, your asset may be sold by the lender. In essence it’s means of securing new funding taking advantage of the value of what you already own.

Should I require security to secure a business loan?

For loans of up to $150K, it is not necessary to secure assets in advance to gain access to the funds, however we require a personal guarantee. require the personal guarantee. If you adhere to your loan obligations (as stated in your loan contract document) and you are able to meet your obligations, asset security is not needed. For loans over $150,000 typically, you will need personal ensure 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 houses or auction websites
  • Debt collection companies & debt purchasers
  • Direct marketing including fundraising, telemarketing, mail order, direct-mail etc.
  • Financial lenders or institutions
  • {Firearm related businesses
  • Foreign currency exchange solutions
  • Freight forwarding & customs clearing houses
  • Anything gambling related
  • Non-profit organisationsincluding charities and churches etc
  • Panel beaters & smash repairers
  • Pawn shops and pawnbrokers
  • Property developers
  • Investment business, shares and stockbrokers
  • Tattoo palours
  • Taxi or ride sharing services
  • Entertainment sales or ticket resellers
  • Towing services
  • Used car dealers
  • Vehicle glass tintingfirms
  • Vehicle dismantlers

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

Melbourne Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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1300 930 634