A Currum Downs unsecured business loan is easy and quick to get. Get a quick apporval and use the money in your business.
What you can expect:
The criteria for eligibility for an unsecured business loan to be made in Currum Downs are fairly minimal.
Call Now 1300 930 634Making an application for a company loans in Currum Downs with us is easy and takes only some minutes, without piles of paperwork or long waits.
Get approved and receive your funds within 1-2 business days.
Our focus is to assist Currum Downs companies of all types, whether small, medium or soloprenuers to get access to quick funding so that they can make use of the loan to expand and develop.
The eligibility requirements for an unsecured business loan in Currum Downs of between $5K to $100K are quite minimal.
Do you need more money? Review the guidelines for eligibility for our $100K-$500K company financing.
The criteria to be eligible for larger Currum Downs company loans of between $100K to $500K comprise:
Looking for a smaller amount of funds? Find out the guidelines for eligibility for our $5K to $100K Currum Downs unsecured company loans.
A Currum Downs unsecured loan is ideal for virtually every company use. Call us now.
Want to get started on one of these projects as soon as tomorrow? So, contact us now or apply online to apply the fastest, most convenient way.
All that is needed for starting is your contact details (the name of your company and your name, as well as email, phone) as well as the amount you’d like to borrow, and your monthly income.
While in the process and before settlement we’ll require confirmation of who you are but not to get started:
Additionally after we get started in the process, for loans over $150,000 you will also need the following financial statements:
Let’s get started now.
With banks and traditional lenders tightening credit conditions and the constant stream of alternative and non-bank loan providers that are entering the market offers an excellent source for you to take advantage of.
Currum Downs SME’s are now able to access finance through alternative lenders who service Currum Downs who are focused on facilitating company growth or smoothing cash flow challenges. In the past, individual credit providers (drawing equity from a home loan, or by using credit cards and personal loans as well as the overdraft) were the only alternative financing solutions within Currum Downs that were around.
There’s there is no requirement in the present to depend on the real estate market to secure business credit. With an unsecured loan, business financing is now easy. Instead of a term loan with the bank, business finance for a small company with interest rates and loan terms that help with cash flow are available as business lending options.
There are many advantages associated in separating personal from company debt.
Limit your exposure, make your tax time easier, get started with an unsecured busines loan. Get it today.
One of the main benefits of keeping your personal and company assets apart is that your house isn’t necessarily tied up for access to the money. For a modest business loan in Currum Downs up to $100K, asset security will not be needed as in the event that the borrower has met their loan obligations.
Businesses are in a more advantageous long-term situation if they can show good credit and debt capability.
Separating personal and business finances makes it significantly more straightforward when it comes to tax time - especially when it comes to determining the tax-deductible allocation. The IRD has set out guidelines on the proof required for claiming deductions on an organisation’s tax return. This is an area that the IRD has advised specifically on.
Effective management of cash flows is essential to the long-term survival in any company. By maintaining personal as well as company finances separate, companies can easily view their cash flow, plan and monitor it based on the ability to effectively determine their cash flow status.
Currum Downs unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 months and cash flow friendly repayments that are either per day or weekly.
The application for your Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an immediate response, and the money could be on your account within 24 hours. Traditional business loans have an annual rate of interest together with additional fees and charges. The business loan is a pre-paid loan which means you be aware of the total amount to be paid, including any interest, fees or charges. Then, it is broken down into either a daily or weekly payment amount.
A Small Business Loan can be used to fulfill almost every business purpose including managing cash flows, company renovations, marketing for purchasing inventory or new equipment, or as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans range from $100,000 to $500,000 for a fixed period of that can last up to 36 months. Repayments are either weekly or fortnightly in order to accommodate you cashflow.
The Larger Business Loan has an Origination Fee, calculated at 2.5 percent of the amount of the loan.
To qualify for a loan that is this large the company needs to be operating for a minimum of 3 years and have an annual turnover of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.
A large business loan can be used for nearly every company need, including business renovations, purchase of new equipment or inventory as well as for general working capital and so much more. The loan is not available for personal reasons.
Asset security is needed to access funding over $150,000. This is by way of charge on assets and can include registering this in the PPSR or making as a caveat.
A personal or director’s guarantee is a promise to pay back a loan that is general in nature rather than specifying the security of a specific asset. The person who is signing the guarantee is personally liable in the event that the business the borrower fails to make the repayment.
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 granted to individuals who own personal property (including the assets or goods). The PPSR allows the priority of personal property assigned in accordance with the date on which a security interest has been registered.
The caveat can be described as a formal document filed to offer an official notice of a claim to property.
If you’re seeking the Larger Business Loan that exceeds $250,000, we may offer a preliminary pre-approval to help smooth out the process. We could be able to make this decision without a credit verification and within 6 hours of your initial application. The pre-approval is based upon an initial assessment that includes the answer to a series of financial health questions. This is in no way an offer, nor is it a guarantee of finance. Acceptance without condition is subject to a full credit assessment and any offer you receive could be on different conditions.
You can apply for a company loan if you:
The process for applying is fast and easy. Simply complete the online form in just a few minutes, and an experienced business expert in lending 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 an active NZBN/IRD, and at least 6 months of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K – $250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K-$500K: Information on the application including credit consent twelve month bank accounts, the IRD statements, last 2 years finalised financial statements, plus interim financials from the current financial year as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K up to $100,000) We can usually offer an answer in just one hour, provided you apply within standard business timings and let us utilise the advanced bank verification system link to immediately verify your bank account information online. If you opt to send us copies of your bank statements we can provide a decision in just the span of one business day.
For the Larger Business Loan ($100K and up) we might be likely to offer the conditional pre-approval in around 6 hours. Once you have signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this could be shorter based on the circumstances of each application. Some transactions have received approval in just 24 hours.
The quickest way to apply can be ensure you apply during normal business hours. You can also let us use the advanced bank verification system link to instantly verify your bank account information online. If you upload documents from your account accounts, it can take a bit longer.
For the Small Business Loan ($5K to $100K) we usually provide an answer within an hour – provided you make your application within standard business times and permit us to utilise the advanced bank verification system to instantly verify your bank information online. If you want to upload copies of your banking statement, we’ll provide the decision in as little as 1 business day.
For Larger Business Loans ($100K up to $500,000) We may be likely to offer the conditional pre-approval in about 6 hours. Once you have signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this can be faster depending on the circumstances of each application. Certain agreements have been approved in 24 hours.
The quickest method is to ensure you apply during standard business hours. Also, allow us to use our modern bank verification link to instantly verify your bank account information online. If you send us the copies of bank statements, it will take a little longer.
We provide the loan amount between $5,000 to $500,000. When you submit an application for a certain amount we consider a variety of elements that determine the health of your company and the extent of repayments your company is able to afford. The total amount of your loan will be contingent on the particular circumstances that are unique to your business.
If you apply for a set amount, we look at a range of aspects to assess your health that is your company as well as the amount of repayments that your business can support. The amount you receive from your loan will be determined by the particular circumstances the company.
When you request one of our business loan, we will assess the risk profile for your business and offer you with a customised offer that includes the loan amount, the terms and the interest rates. It is a business loan is an upfront-priced loan so you will know the exact amount payable including any charges, interest rates or fees.
Interest rates for business loans rates differ based on various factors such as the amount that is that is borrowed, what business assets the funds are used to purchase in addition to the industry that the company operates in, the long the company is in operation for, how long the company has sufficient cash flow to pay for the loan, and the general health or financial standing of the company.
There aren’t any hidden costs for our business loans, and you’ll be aware of the amount it is that you be required to pay and when, starting from the day you sign up. There’s no compounding and there are no additional charges (as as you make your payments in time).
We do not charge an Application Fee. You can make an application for loans no cost upfront or any obligation to sign up.
The Origination Fee includes the expenses associated with the setting up and management of the loan. You are only charged this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percent of the loan amount.
You can choose to repay the entire amount of your loan early at any time.
If you are deciding to take this route, please speak to our friendly company loans experts. We will offer you with details on repayment and an early payout figure. This will be calculated as the sum of the principal amount remaining and the accrued interest up to the date of early payout plus 1.5% of the principal remaining and any outstanding fees.
To ensure you do not miss payment dates and to align with your cash flow cycle we offer repayments that are either daily or weekly. They will be automatically deducted from your nominated company account.
Security of your data, and knowing the ways we gather the information we collect, use, share and safeguard your data, is vital and an integral aspect of our relationship with you.
Yes. We make use of industry-standard encryption standards to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our dedication to protecting the security of clients and security. We use an advanced banking verification system to instantly verify your bank account details online so we can offer an immediate response.
Asset-based borrowing is when an business owner uses assets they own to secure the funding. The asset may be an individual property, such as the family home, or an company asset such as a vehicle as well as a piece of machine.
The vast majority of banks, even the big banks, tend to secure loans against assets. If you’re struggling to pay back the loan, the asset might be offered for sale by the lender. In essence it is means of securing additional financing making use of the value of what you already own.
For loans of up to $150,000, there is no requirement for asset security before you are able to access the money however, we do need a personal guarantee. As long as you follow your loan obligations (as stipulated in your loan contract) Asset security will never be required. For loans over $150K generally, there is the option of a personal guarantee and security that is in the form the charge of assets.
Although we cannot assist with an unsecured business loan in those industries, we might be able to assist you with an secured business loan.
