A Skye unsecured business loan is easy and quick to get. Approve your loan in a matter of minutes and begin using the money to grow your company.
You can expect:
The eligibility requirements for an unsecured business loan in Skye are fairly minimal.
Call Now 1300 930 634Applying for the business financing within Skye with us is simple and only takes about a couple of minutes, there are no piles of paperwork or long waits.
Receive approval and cash within 1 – 2 company days.
Our focus is to assist Skye companies of all kinds, from small to medium-sized entrepreneurs to obtain funds quickly so that they can utilise the loan to expand and grow.
The requirements for getting an unsecured business loan in Skye of between $5K and $100K is fairly low.
Do you require more money? Find out the conditions of eligibility for our $100K-$500K business financing.
The eligibility requirements in the larger Skye company loans of between $100K and $500K include:
Are you looking for a lower amount of funding? Find out the guidelines for eligibility for our $5K-$100K Skye unsecured company loans.
A Skye unsecured loan is ideal for almost any company reason. Talk to us today.
Want to get started on one of these as soon as tomorrow? So, contact us now or apply online to apply the fastest, most convenient way.
All that is needed to get started is your contact details (company name and your name, as well as email and telephone) and the amount you want to borrow, as well as your monthly income.
While in the process and before settlement we will require confirmation of who you are, but not before we can begin:
Once we’ve started when it comes to loans over $150,000 you’ll require basic financial statements:
Let’s get started.
With traditional and bank lenders increasing their credit requirements, the steady stream of non-bank and alternative loan providers that are entering the market provides an incredible source to make use of.
Skye SME’s are now capable of accessing finance through alternate lenders servicing Skye who are focused on facilitating company expansion or smoothing out cash flow issues. In the past, when private credit options (drawing equity from the home loan, or by using credit cards and personal loans as well as the overdraft) could be the best alternative financing solutions for Skye that were around.
There is now no need for you to depend on the real estate market to secure company credit. With an unsecured loan business funding is made simple. Instead of a loan for a term with the bank, business finance for an SME with interest rates and loan terms that help to manage cash flow are available as business lending options.
There are substantial benefits associated in separating personal from business debt.
Lower your risks, make the tax process more simple, apply for an unsecure company loan. Get it today.
One of the main benefits of keeping your private 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 Skye up to $100K, asset security will not be required so long as the borrower meets the loan requirements.
Companies are in a stable long-term position when they are able to demonstrate credit/debt ability to service.
The separation of personal as well as company finances makes it much more seamless when it comes to tax time - particularly when identifying what is the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has set out the guidelines on the proof required for claiming deductions on a company’s tax return. This is an area the IRD have specifically advised on.
Effective management of cash flows is vital to the long-term success of any business. By keeping personal and business finances separate, companies can easily view how they are performing, monitor and plan on their ability to accurately assess their cash flow position.
Skye unsecured loans provides amounts between $5,000 and $100,000 with terms between 3 and 24 month and cash flow friendly repayments which can be made daily or weekly.
The application to get your Small Business Loan in under 10 minutes via the internet or over the phone, receive a same day response and the money could be in your account within 24 hours. Traditional company loans reference an annual rate of interest plus other fees and charges. This company loan is a pre-paid loan and you’ll know ahead of time the total amount due, which includes the interest, fees and charges. Then, it is broken down into a daily or weekly payment amount.
A Small Business Loan can be used for almost every business use, including the management of cash flow, business remodeling, marketing for purchasing inventory or new equipment, for general working capital, and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund business expansion opportunities. Loans are between $100,000 and $500,000 with a fixed-term up to 36 months. Repayments are either weekly or fortnightly in order to accommodate your cash flow.
This Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the loan amount.
To qualify for a loan of this size, your company needs to be operating for at least three years, and have an annual income of $700K. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A Business Loan of a larger size can be used to fund almost any business use, including business improvements, purchasing inventory or new equipment for general working capital and much more. The loan is not available for personal purposes.
Asset security is necessary to access funding over $150,000. This is in the form of a charge over assets, and may include registration in the PPSR or making as a caveat.
A personal or director’s guarantee is a guarantee to pay off a credit line that is general in nature rather than stipulating the security for a particular asset. The person who signs the guarantee is personally liable in the event that the business the borrower fails to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It reflects security interests that are registered for personal property (including the assets or goods). The PPSR grants prioritisation over property that is personal to be granted depending on the date that a security interest was registered.
Caveats are legal document lodged to provide the legal claim on a property.
If you’re applying for the Larger Business Loan that exceeds $250K we may be able to provide a preliminary pre-approval to help smooth out the process. We might be able to get this done without a credit check and within 6 hours of the initial application. The pre-approval process is based on a preliminary assessment which includes you answering a few financial well-being checks. It’s not an offer or guarantee of financing. Unconditional approval is subject to a full credit assessment and any offer that you receive could be based on different conditions.
You are eligible to apply for an company loan if you:
The application process is simple and simple. Complete the online form within a couple minutes, and an experienced business lending specialist will contact you to guide you through the process.
For a loan of up to $100,000 you’ll need the right identification documents (valid Driver’s Licence) and an NZBN/IRD that is valid and at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K – $250K: Information about the application including credit consent, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K to $500K: Details for application including credit consent twelve months bank statement, an IRD statement as well as the two most recent years’ financial statements, in addition to interim financials from the current financial year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K or more) we typically provide an answer within an hour, provided you apply within standard business timings and let us make use of the advanced bank verification system to instantly verify your bank details online. If you decide to upload copies of your banking statements we can offer an answer within 1 company day.
If you are applying for a Larger Business Loan ($100K and up) we might be able to offer you with conditional pre-approval in around six hours. Once you have signed the pre-approval form, it will take around 2-3 days for final approval, however this can be quicker based on the particular circumstances of each application. Certain deals have been approved within 24 hours.
The quickest method would be to make sure you apply during standard company hours. You can also allow us to use our modern bank verification link to verify your bank account information online. If you choose to send us copies of your bank statements it can take a bit longer.
For the Small Business Loan ($5K or more) we can often provide a response in one hour if you apply within standard business timings and let us utilise the advanced bank verification system to instantly verify your bank information online. If you want to submit copies of your bank statements, we’ll be able to provide an answer within one business day.
For the Larger Business Loans ($100K up to $500,000) we could be in a position to provide you with pre-approval conditional to your application within about 6 hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval, however it could be faster based on the circumstances of each application. Certain deals have been approved within less than 24 hours.
The fastest way can be make sure you apply during normal business hours and allow us to use our advanced bank verification system to instantly confirm your bank details online. If you decide to send us documents from your account accounts, it takes a bit longer.
We provide loans that range from $5,000 to $500,000. When you make an application for a particular amount, we take into consideration a range of factors to determine what is the health of your company as well as the amount of repayments your company will be able to support. The amount you receive from your loan will depend on the particular circumstances the business.
When you apply for a specific amount we will consider a number of factors to determine how much we can lend you such as health of your company and the extent of payments your company can support. The total amount of your loan will depend on the specific circumstances of your business.
If you decide to apply for the business loan, we’ll assess the risk assessment for your company and provide you with a customised offer that includes the amount of loan, the term and interest rates. This company loan is an upfront priced loan therefore you will know the exact amount due, which includes any interest rates, fees or charges.
Business loan interest rates differ based on various factors including the amount borrowed, what business assets the money will be used for, the industry the company operates in, how long the business has been in operation, in the event that the company has enough cash flow to support the loan, and general well-being or creditworthiness of the company.
There aren’t any hidden costs for our company loans, and you’ll know exactly how much you’ll need to pay, and when, right from the day you sign up. There’s no compounding and there are no additional charges (as as long as you pay your payments in time).
We do not charge an application fee. You can apply for a loan no cost upfront or any obligation to sign up.
The Origination Fee covers the expenses involved with the setting up and management of the loan. This is only a fee if you choose to proceed with the loan. Our Origination Fee is 2.5% of the loan amount.
You may choose to pay back the total amount of your loan in full at any time.
If you decide to take this route, please call our helpful company lending experts. We will offer you with repayment details and an early payout figure. This is calculated as the total of the remaining principal amount and the accrued interest up to the time of the early payout in addition to 1.5 percent of the principal balance as well as any outstanding fees.
To ensure you do not miss due dates and also to be in line with your cash flow general, we offer repayments either daily or weekly. These are automatically deducted from your company account.
Making sure that your information is secure, and being upfront about how we collect the information we collect, use, share and safeguard your data, is of paramount importance and is a crucial part of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our dedication to protecting the security of customers and security. We utilise a sophisticated banking verification system to instantly verify your bank account details online so we can offer a fast response.
Asset-based borrowing occurs when an company owner makes use of an asset they own to get a loan. The asset can be an individual property, such as the family home, or it could be a company asset such as a truck or piece or equipment.
The vast majority of banks, even the banks with the biggest size, prefer to make loans secured by assets. If you are having difficulty 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 using the worth of the asset you already have.
For loans up to $150,000 there is no requirement for asset security prior to the loan’s access but we require a personal guarantee. need a personal guarantee. So long as you comply with your loan commitments (as stipulated in the loan contract), asset security is not needed. For loans that exceed $150,000, typically, you will need an individual guarantee and security is provided in the form of the charge of assets.
We can’t assist with an unsecure business loan for the above industries, we might be able to help you by providing an secured business loan.
