Unsecured Business Loans Mentone VIC

If You Do This Today, You'll Be On The Right Track To Success With a Mentone Business Loan

Unsecured Business Loans Mentone

A Mentone unsecured business loan is easy and quick to apply for. Request a quick approval and use the money to grow your business.

  • Would extra funds help your company in working capital, or in achieving an opportunity to grow?
  • What is the financing strategy you are using to fund your business requirements?

What you can expect:

  • Simple process to apply and receive approval and cash as quickly as tomorrow
  • No reayments are permitted in the initial 4 weeks
  • From $5k to $500K in loans
  • Terms from 3-36 months
  • Competitive interest rates
  • Minimal docs required

The conditions for eligibility for an unsecured business loan to be made in Mentone are fairly minimal.

Call Now 1300 930 634
I can now make coffee for my clients with the best equipment.
Cafe Owner
I can now fund the construction of our new Mentone resturant without having draw cash from other restaurants.
Mentone Resturant Owner
I'm able to get my taxes back on track.
Small Business Owner
I'm now able to hire a marketer to help me take my company to the next stage.
Growing Mentone Business
I'm now able take a holiday knowing the Mentone company will run smoothly.
Local Business Owner
An easy loan application process with a generous borrowing limit, minimal requirements for credit, and there is no requirement to provide a business plan. Don't use your personal credit card or business credit cards in order to finance your company.
Unsecured Loans Made Simple
Business loans, in particular an unsecured unsecured business loan or line of credit to business funding need not be a stressful process. Business finance is in the form in the form of small business loans at a fixed interest rate and repayment time that will suit your business financial needs.
Business Lenders for Business Goals
Business business loans, interest rates and repayment terms, as well as flexible repayment options to suit what your business requirements.
Business Lending Options
Unsecured Business Loan Service Provider

Fast Approval Process

Requesting the business loans in Mentone with us is simple and only takes some minutes, without piles of paperwork or long waits.

Be approved and receive your money within 1 – 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Mentone businesses of all kinds, from small to medium-sized soloprenuers to get access to money quickly, so that they can make use of the loan to expand and develop.

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

Small Business Loan Eligibility Criteria

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

  • At least 6 months in business
  • A minimum of $6,000 in 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 evidence of identity
  • Use an account with a New Zealand bank as your principal trading account
  • Bank statements from the previous 6 months

Do you need more money? Review the eligibility requirements for our $100K to $500K business credit.

Here's How Other People Have Benefited

Examples of Business Loans

With the busy Christmas season fast approaching, a clothes store required working capital in order to finance additional inventory and to take advantage of a supplier discount. They borrowed $20K over 12 months without asset security required and had the money in just 24 hours.
Clothing Store
A gym that had been running for more than three years decided to increase its size and needed additional equipment. With monthly revenue of $37K they borrowed $72K over a 24 month period. The loan was not secured for the loan and it was settled in just 24 hours.
Gym
The proprietor of a small grocery store that earned $70K per month borrowed $76K over a 24 month period, with no payments during the initial 4 weeks. The loan required 12 months of bank statements. The turn around time was 6 hours from submitting the application to receiving the funds.
Grocery Store Small Business Loan
An interior designer saw an opportunity to expand their business and needed working capital to fund this expansion. With monthly revenue of $300K they borrowed $250K over 24 months. The turnaround time was only 2 days, and all they had for them to provide was 12 months of bank statement IRD confirmation, IRD confirmation and their trust deed.
Interior Designer
A restaurant owner was wanting to open a second location and needed funding to fit out. The bank they approached wasn't willing to help. Typical monthly revenue for them was $50K. They were able borrow $66K for 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
Simple eligibility checklist

Larger Mentone Business Loan Eligibility Criteria

The eligibility requirements of the larger Mentone company loans of between $100K and $500K include:

  • A minimum of 3 years of business
  • A minimum of $700K annually in revenue
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for evidence of identity
  • Have a New Zealand bank as your principal trading account
  • Bank statements from the past 6 months
  • Certain financial statements include Profit & Loss, and aged accounts Payable and Receivable

Are you looking for a lower amount of funds? Take a look at the eligibility requirements for our $5K-$100K Mentone unsecured company loans.

Business Lending for a Cash Injection

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

A Mentone unsecured loan is great to use for every business use. Talk to us today.

  • Renovate or expand the commercial space
  • Hire more staff for busy periods
  • Boost stock levels to keep pace with demand
  • Develop a new website, or increase your marketing
  • Make sure you invest in new tools, equipment or technological advancements
  • Purchase additional stock to meet seasonal demand
  • Manage cash flow fluctuations
  • Plus many more …

Are you looking to start one of these options as early as tomorrow? Contact us or apply online now to apply the fastest, most convenient 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), how much you want to borrow, as well as your monthly income.

During the process and before settlement we’ll require confirmation of who you are however, not in order to begin:

  • Idenfication information (valid Driver’s Licence)
  • Business information including trading times as well as ownership information and the NZBN (New Zealand Business Number)

After we start when it comes to loans that exceed $150,000, you’ll also need 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

The proprietor of a small grocery store making $70K a month borrowed $76K over a 24 month term , without making any repayments during the initial 4 weeks. This was contingent on 12 months of bank statements. The turn around time was 6 hours from the moment you applied to receiving the funds.
Grocery Store Small Business Loan
Following the purchase of a pizza store and two liquor stores 6-12 months earlier the new owners needed additional cash. The revenue total was greater than 500K per month. They could have borrowed $300K and split it into $100K per store on the option of 24- and 36 months. No security over the owner's homes was required.
Owner of a Pizza Store & 2 Liquor Stores
With the busy Christmas time coming up, a store selling clothing required additional working capital to purchase more inventory and benefit from discounts from suppliers. They were able to borrow $20K for 12 months, with no asset security required and had the funds within 24 hours.
Clothing Store
A gym that had been operating for over three years, was planning to expand and required additional equipment. With monthly revenue of $37K they borrowed$72K over a 24 month period. The loan was not secured to secure the loan. It was settled within 24 hours.
Gym
A plumber who has operated their business for three years and has monthly sales of $80K was looking for additional funding. They took out $153K on 36 months. All that was needed to be provided was 12 month bank statements as well as confirmation of the status with IRD. The procedure was completed within one day, and the plumber had their extra working capital in ther account in a matter of hours.
Plumber

Unsecured Business Loan Mentone VIC 3194

The lending landscape has changed

With traditional and bank lenders restricting credit, the steady stream of non-bank and alternative loan providers entering the market provides the perfect source for you to access.

Mentone SME’s are now capable of accessing finance through other lenders in Mentone who are focused on facilitating business expansion or smoothing out the cash flow problems. In the past, the personal sources of credit (drawing equity from a house loan, or using credit cards in addition to personal loans and loans) provided the most viable alternative funding solutions in Mentone that were around.

There is now not a requirement for you to depend on using real estate to secure business lending. With an unsecured loan, business financing is easy. Instead of a term loan with banks, business finance for a small business with interest rates and loan terms that can help 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 business debt.

  • Your home, or other investment properties, aren’t held in order to access funds
  • The company will be in better place to develop its own credit history
  • It is considerably more straightforward for tax time
  • Businesses can easily assess their cash flow, monitor and plan based on being able to clearly evaluate their cash flow situation

Reduce your risk, make tax time more simple, apply for an unsecure company loan. Get it today.

For those who like the detail

Separate personal and business debt

Risk

One major benefit of keeping your business and personal company assets apart can be that your home isn’t tied to access the funds. If you’re looking for a small business loan in Mentone up to $100K an asset security agreement will not be needed as long as the borrower fulfills their loan obligations.

Credit history

Companies will be in a advantageous long-term situation if they are able to demonstrate credit/debt serviceability.

Tax

Separating personal and business finances makes it significantly more seamless in the event of 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 guidelines on the proof required in order to deduct deductions from the tax return of a company. This is an area the IRD have specifically advised on.

Cash flow

Effective cash flow management is crucial to the long-term viability that of any company. By keeping your personal finances and business finances distinct, companies can easily view the situation, track and plan based on the ability to clearly determine their cash flow status.

I'm now able to finance the fitout of our new Mentone resturant without having to borrow cash from other resturants.
Mentone Resturant Owner
I'm now able to hire an experienced marketer to help me boost my company to the next stage of business growth.
Growing Business
I can get my tax back to keep me on track.
Small Business Owner
I am now able to make coffee for my clients using the very best equipment.
Cafe Owner
Business loan interest rates and repayment conditions, and flexible repayment options to meet your company needs.
Business Lending Options
A simple loan application process with a large borrowing limit, minimal requirements for credit, and there is no requirement to submit a business plan. You no longer need to use your personal credit card and business credit cards to finance your company.
Unsecured Loans Made Simple
I am now able to take time off knowing that the Mentone company will run without a hitch.
Local Business Owner
Business loans, in particular an unsecured business loan or line of credit for business financing require never be an tense process. Business finance in the form in the form of small business loans at a fixed interest rates and repayment time that will suit your business liquidity.
Business Lenders for Business Goals
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Mentone Small Business Loans

Let me know how you are able to avail the Mentone Small Business Loans

Mentone unsecured loans offers the range of $5,000 to $100,000. The terms range between 3 and 24 months and cash flow friendly repayments which can be made daily or weekly.

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

Apply to this Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an immediate response, and funds may be in your account in 24 hours. Traditional business loans refer to an interest rate per annum as well as other fees and charges. Our business loan is a pre-paid loan which means you know in advance the amount you will have to pay, including any interest, fees or charges. This is then broken down into weekly or daily repayment figure.

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

The Small Business Loan can be used for virtually every company purpose including control of cash flow business improvements, advertising to purchase inventory or new equipment, for general working capital and so much more. The loan is not available for personal use.

About larger Mentone Business Loans

What is the Larger Mentone Business Loan?

The Larger Business Loan is a larger loan size to support business expansion opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of for up to 36 months. Repayments are weekly or fortnightly in order to accommodate you cashflow.

How is the Origination Fee determined?

This 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 loan that is this large, your company needs to have been operating for a minimum of 3 years and generate an annual revenue of $700K. It is necessary to 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 of proving at minimum 12 months of continuous trading.

What can the funding be used for?

A large company loan can be used to fund almost all company reason, such as company remodeling, buying new equipment or inventory for general working capital and so much more. The loan cannot be used for personal reasons.

Is the Larger Business Loan one that requires security?

Asset security is needed to access funding over $150,000. This can be done by taking a charge over assets and can include registration on the PPSR or filing as a caveat.

A personal or director’s ensure is a promise to pay off a credit line that is generally based rather than defining the security of a specific asset. The person who signs the guarantee is personally liable if the company 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 reflects security interests that are registered for personal property (including items or assets). The PPSR grants prioritisation over property that is personal to be granted in accordance with the date on which a registration of a security interest.

An affidavit is an official document filed to provide the legal claim to a property.

What exactly is a preapproval without Credit Check?

If you’re requesting a Larger Business Loan of $250K or more it’s possible to offer an initial pre-approval to ease the process. We might be able to do this without credit checks and within 6 hours of your initial application. This pre-approval is made based on an initial assessment, which involves the answer to a series of financial health questions. It is not an offer of credit or guarantee of funds. A conditional approval is subject an assessment of your creditworthiness and any offer you receive could be on different conditions.

The application process

Can I be eligible for funding?

You may be eligible for an business 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 of business (for you to qualify for unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K - $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 expert in lending will be in touch to guide you through the process.

To be eligible for up to $100,000, you’ll require identification details (valid Driver’s Licence) along with an NZBN/IRD that is valid and at least six months worth of bank statements.

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

$100K-$250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Details for application including credit consent, 12 months bank statement, an IRD statement as well as the two most recent years’ financial statements, in addition to interim current financial year financials, Aged Payables and Aged Receivables summary.

How quickly will I receive a decision?

For an unsecured loan ($5K and up) we typically offer a response in one hour if you make your application at standard business time and you allow us to utilise the bank verification system to instantly verify your bank information online. If you want to upload copies of your banking statements we can provide the decision in just an business day.

If you are applying for a Larger Business Loan ($100K up to $500,000) we might be likely to offer you with a conditional pre-approval in around six hours. After you’ve signed the pre-approval document, you will require to wait between 2 and 3 days for the final approval, however this can be quicker based upon the circumstances for each application. Certain transactions have received approval within less than 24 hours.

The quickest way to apply would be to ensure you apply during normal business hours and permit us to use the modern bank verification to confirm your bank details online. If you opt to send us documents from your account statements , it will take a little longer.

What is the time frame to receive the cash?

For the Small Business Loan ($5K or more) we typically offer a response in one hour if you submit your request at normal business time and permit us to utilise the advanced bank verification system to instantly verify your bank information online. If you decide to upload copies of your banking statements we can provide a decision in just the span of one business day.

For Larger Business Loans ($100K up to $500,000) we might be in a position to provide the conditional pre-approval in about six hours. After you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval, however it could be faster based upon the circumstances for each application. Some offers have been approved within just 24 hours.

The quickest method can be ensure you apply during normal business hours and permit us to use the advance bank verification to instantly confirm your bank details online. If you choose to upload duplicates of your banking statement, it takes a bit longer.

What is the maximum amount I can borrow?

We provide loan amounts between $5,000 to $500,000. If you apply for a certain amount, we look at a variety of aspects to determine how much we can lend you health of your company and the amount of the repayments your company will be able to support. The amount you receive from your loan will depend on the specific circumstances of your company.

When you make an application for a particular amount, we look at a range of factors to determine your health of your business and the extent of the repayments your business is able to afford. The amount you receive from your loan will be determined by the particular circumstances of your company.

Fees & repayments

How do you charge for a business loan?

When you apply for one of our business loan, we’ll assess the risk assessment that you have for your company and provide you with a tailored offer that includes the amount of the loan, the duration and interest rates. The company loan is an upfront cost loan which means you know the exact amount due, which includes any interest rates, fees or charges.

What is the basis for the rate I will be charged?

Interest rates for company loans rates depend on a variety of factors including the amount of money borrowed, the business assets the funds are used to purchase and the sector the business operates in, the long the business has been operating, what percentage of the business has sufficient cash flow to cover the loan, and also the general well-being or financial standing of the company.

What are the charges?

There aren’t any hidden costs with our company loans, and you’ll know precisely how much it is that you be required to pay and when, starting from day one. There’s not any compounding interest and no additional fees (as as you make your payments punctually).

We do not charge an Application Fee. You can get a cash loan without any upfront costs or any obligation to sign up.

The Origination Fee includes the expenses associated with setting up 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.

Can I pay off the loan earlier?

You can choose to repay all of your loan at any point in time.

If you are deciding to take this route, please talk to one of our helpful business lending specialists. They will offer you with details on repayment and an early payment figure. The figure will be calculated as the total of the principal amount remaining plus any accrued interest as of the time of the early payout in addition to 1.5 percent of the principal remaining plus any outstanding fees.

How do repayments work?

In order to help you avoid missing payments and to work with your cash flow cycle we provide payments that are either weekly or daily. They are automatically deducted from your designated business account.

Security & privacy

Will my data be protected?

Protecting your information, and knowing the ways we gather information, use it, and exchange it, as well as safeguard your data, is vital and an integral element of our relationship with you.

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

Yes. We use industry recognised encryption protocols to safeguard your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our dedication to the security of our customers as well as their security. We utilise a sophisticated bank verification system that allows you to instantly confirm your bank account information online so we can offer quick responses.

About business loans

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

The term "asset-based" refers to borrowing where a company owner uses the assets they have to get the funds for a loan. The asset could be an individual asset, such as the family home, or an company asset such as a truck as well as a piece of machine.

The vast majority of lending institutions, including the big banks, tend to guarantee loans against an asset. If you have trouble paying back the loan, then your assets could be offered for sale by the lender. In essence it is a way of securing new financing by making use of the value of what you already own.

Do I require security to get a company loan?

For loans up to $150K there is no requirement for asset security before you are able to access the money but we do require an individual guarantee. So long as you comply with the terms of your loan (as stated in the loan contract) the security of assets will never be needed. If you take out loans in excess of $150,000 typically, you will need an individual 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 & auction websites
  • Debt collection agencies & debt purchasers
  • Direct marketing such as fundraising, telemarketing, mail order, direct-mail etc.
  • Financial institutions and lenders
  • {Firearm related businesses
  • Foreign currency exchange services
  • Customs clearing houses and freight forwarding
  • Business involved with gambling
  • Not-for-profit organisations such as charities, churches etc.
  • Panel beaters & smash repairers
  • Pawn shops or pawnbrokers
  • Property development
  • Shares, stockbrokers & investment businesses
  • Tattoo studios
  • Taxi & ridesharing services
  • Ticket resellers and entertainment sales
  • Tow truck services
  • Used vehicle companies
  • Car glass tinting
  • Car dismantlers

We can’t assist with an unsecure business loan in 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

Apply Now

Apply Now

Contact Us

Contact Us

Contact Us

Fill out the form below or Call Now
1300 930 634