A Currum Downs unsecured business loan is easy and quick in applying for. Request a quick approval and start using the funds to grow your company.
What you can expect:
The eligibility requirements for an unsecured business loan in Currum Downs are fairly minimal.
Call Now 1300 930 634Making an application for business loans in Currum Downs company credit in Currum Downs with us is easy and takes just a few minutes, no mountains of paperwork or queues.
Receive approval and funds within one to two company days.
We want to assist Currum Downs businesses of all kinds, from small to medium-sized solopreneurs to access money quickly, so that they can make use of the loan to build and expand their business.
The criteria for eligibility for an unsecured business loan in Currum Downs of between $5K and $100K are pretty minimal.
Do you need more money? Take a look at the guidelines for eligibility for our $100K-$500K company loans.
The criteria to be eligible for the larger Currum Downs business loans of between $100K and $500K include:
Looking for a smaller amount of money? Check out the eligibility requirements for our $5K-$100K Currum Downs unsecured company loans.
A Currum Downs unsecured loan is great for almost any company need. Call us now.
Want to get started on one of these options as early as tomorrow? Contact us or send your application online to get the fastest and most effective process.
All that’s needed to get started is your contact information (company name, your name, email, phone), how much you want to borrow, and your monthly revenue.
During the process and before settlement we will require confirmation of who you are, but not before we can begin:
In addition, once we have started, for loans over $150,000 you’ll also need the following financial statements:
Let’s get started now.
In the wake of traditional lenders and banks increasing their credit requirements and the constant stream of alternative and non-bank loan providers entering the market provides an incredible source to tap into.
Currum Downs SME’s are now in a position to obtain finance via alternative lenders that service Currum Downs who are focused on facilitating company expansion or smoothing out cash flow issues. In the past, when the personal sources of credit (drawing equity from the home loan, or by using credit cards in addition to personal loans and overdrafts) was the sole alternative funding solutions in Currum Downs that were around.
There’s an end to the requirement to rely on real estate to secure company loans. With an unsecured loan business financing is now easy. Instead of a traditional term loan from the bank, business finance for an SME with interest rates and loan terms that can help with cash flow are available as business lending options.
There are numerous benefits with the separation of personal and business debt.
Lower your risks, and make tax times more simple, apply for an unsecured busines loan, apply today.
One of the main benefits of keeping your individual and business assets separate is that your home isn’t tied to access the funds. For a small business loan within Currum Downs up to $100K the security of assets won’t be required as long as the borrower meets their loan obligations.
Companies are in a advantageous long-term situation if they can demonstrate good credit/debt capability.
The separation of personal as well as business finances makes it more seamless 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 set out requirements for evidence to be able to claim deductions on an organisation’s tax return. This is an area that the IRD has specifically advised on.
Effective management of cash flows is essential to the longevity of any company. Through keeping the personal financial and company finances distinct, businesses can easily view, monitor and plan based on the ability to effectively examine their cash flow.
Currum Downs unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments which can be made daily or weekly.
It is imaginable to apply for your Small Business Loan in under 10 minutes via the internet or by phone. You will receive a same day response and funds may be in your account in 24 hours. Traditional business loans reference an annual rate of interest plus other fees and charges. Our company loan is an upfront priced loan and you’ll be aware in advance of the total amount due, which includes the interest, fees and charges. Then, it is broken down into weekly or daily amount to be paid back.
The Small Business Loan can be used for virtually every company reason, such as the management of cash flow, company renovations, marketing to purchase inventory, new equipment, to fund general working capital and so much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size loan to aid in business expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed for up to 36 months. The repayments are made weekly or fortnightly in order to accommodate the flow of cash.
It is crucial to note that the Larger Business Loan has an Origination Fee, calculated at 2.5 percentage of the loan amount.
To be eligible for a credit of this size, your business needs to be operating for a minimum of 3 years with an annual turnover of $700K. Your company must belong to a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A Larger Business Loan can be used for almost all company reason, such as business improvements, purchasing new equipment or inventory for general working capital and so much more. The loan is not available for personal use.
Asset security is needed to obtain funding above $150,000. This is in the form of a charge on assets, which could also include the registration of this on the PPSR or filing a caveat.
A director’s or personal guarantee is a commitment to pay back a loan that is generally based rather than stating security over an asset. The person who signs the ensure is personally accountable if the business the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It lists security interests that are which are registered with respect to personal property (including objects or assets). The PPSR permits prioritisation over property that is personal to be assigned depending on the date that a security interest has been registered.
An affidavit is an official document that is filed to provide the public notice of a legal claim on a property.
If you’re seeking a Larger Business Loan of more than $250,000 it’s possible to offer an initial pre-approval in order to simplify the process. We could be able to apply for this without a credit check, and within six hours of your initial application. The pre-approval is based upon an initial evaluation that involves answering a couple of financial health questions. It is not an offer of credit or guarantee of financing. Acceptance without condition is subject to a full credit assessment and any offer that you may receive may have different terms.
You can apply for a business loan if you;
The application process is fast and easy. Just fill out the online application within a few minutes and a dedicated company expert in lending will be in touch to assist you.
To apply for up $100,000, you’ll require ID details (valid Driver’s Licence) along with an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll require:
$100K – $250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if loan above $150K).
$250K to $500K: Details for application including credit consent as well as 12 month bank accounts, the IRD statement and the last two years’ finalised financial statements, plus interim financials from the current financial year such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K and up) we typically provide an answer in just one hour – as long as you apply at quality business time and permit us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you decide to upload copies of your banking statements we can offer a decision in just 1 company day.
If you are applying for a Larger Business Loan ($100K or more) we could be likely to offer you with a conditional pre-approval within 6 hours. After you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Some offers have been approved in the space of 24 hours.
The fastest way is to ensure you apply during standard business hours. You can also allow us to use our advanced bank verification system link to verify your bank account information online. If you send us copies of your bank accounts, it will take a little longer.
For the Small Business Loan ($5K up to $100,000) we can often provide a response in one hour – provided you submit your request within normal business time and let us use the advanced bank verification system to instantly verify your bank information online. If you choose to submit copies of your bank statement, we’ll offer an answer in just one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) We may be capable of offer you with a conditional pre-approval in around six hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval, however this may be quicker depending upon the circumstances for each application. Some transactions have received approval in just 24 hours.
The fastest way for you to apply is make sure you apply during normal business hours and allow us to use our sophisticated bank verification to instantly check your bank’s information online. If you upload duplicates of your banking accounts, it will take a little longer.
We offer loan amounts between $5,000 and $500,000. When you submit an application for a certain amount we consider a variety of aspects that determine what is the well-being of the business and the amount of repayments your business can afford. The total amount of the loan will be determined by the specifics of your company.
If you apply for a certain amount, we consider a variety of factors to assess how much we can lend you such as well-being that is your company and the amount of payments your company is able to afford. The amount you receive from your loan will be contingent on the particular circumstances for your business.
If you decide to make an application for our business loans, we’ll assess the risk assessment of your company and offer you with a customised offer, including the amount of loan, the term and the interest rates. A company loan is an upfront priced loan so you will know the exact amount you will have to pay, including charges, interest rates or fees.
Interest rates for company loans rates depend on a variety of variables like the amount to be of money borrowed, the company assets the funds are used to purchase in addition to the industry that the company operates in, how long the company has been operating for, what percentage of the business has enough cash flow to pay for the loan, and general health as well as creditworthiness business.
There are no hidden costs with our business loans, and you’ll know precisely how much you be required to pay, and at what time, from day one. There’s not any compounding interest and the loan comes with no additional fees (as long as you make your payments in time).
We don’t charge an application fee. You can apply for a loan with with no upfront cost or obligation to proceed.
The Origination Fee covers the expenses involved 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 amount of the loan.
You can decide to repay the entire amount of your loan at any point in time.
If you choose to take this route, please talk to one of our helpful business credit specialists. They will provide you with repayment details and an early payout figure. This is calculated as the total of the principal balance and the accrued interest up to the time of early payout, plus 1.5 percent of the remaining principal plus any outstanding fees.
In order to help you avoid missing repayments and to fit in your cash flow schedule, we provide payments that are either daily or weekly. They will be automatically deducted from your company account.
Protecting your information, and making it clear how we collect, use, exchange and protect your information, is vital and an integral aspect of our relationship with you.
Yes. We make use of industry-standard encryption techniques to protect your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to security for our clients and security. We use an advanced banking verification system to instantly confirm your bank account information online to offer rapid response.
An asset-based loan is when an company owner uses the assets they have to get the loan. The asset may be a personal asset like the family home or an company asset like a truck or other piece of machinery.
The majority of lenders, not just the major banks, prefer to secure loans against an asset. If you’re having trouble paying back the loan then the asset might be offered for sale by the lender. In essence, it is an opportunity to secure additional financing making use of the value of what you already have.
For loans up to $150,000 no asset security is required prior to the loan’s access However, we do need an individual guarantee. So long as you comply with your loan obligations (as detailed in your loan contract document) the security of assets is not needed. For loans of over $150K generally, you can get a personal ensure and security is provided in the form of charges on assets.
Although we can’t help with an unsecured business loan for the above industries, we might be able to assist you by providing the secured business loan.
