Unsecured Business Loans The Patch VIC

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

Unsecured Business Loans The Patch

A The Patch unsecured business loan is simple and quick to apply for. Get a quick apporval and use the money for your company.

  • Could additional funds assist your company with working capital or in achieving the opportunity for growth?
  • How are you financing your company needs?

What to expect:

  • It’s easy to apply and be approved for funds as soon as tomorrow
  • There is no option to remittances in the first four weeks
  • From $5k to $500K in loans
  • Terms ranging from three to thirty-six months
  • Competitive rates of interest rates
  • Minimal docs needed

The conditions for eligibility for an unsecured business loan in The Patch are fairly minimal.

Call Now 1300 930 634
I'm now able make coffee for my customers using the best equipment.
Cafe Owner
I am now able to fund the construction of our newly constructed The Patch resturant without having to take cash from other ones.
The Patch Resturant Owner
I'm able to get my tax back to keep me on track.
Small Business Owner
I'm now able hire a marketer to take my business to the next stage.
Growing The Patch Business
I am now able to take vacation knowing that the The Patch business will run effortlessly.
Local Business Owner
Simple loan application procedure with a generous limit on borrowing, no requirements for credit, and there is no requirement to present a business plan. You no longer need to use your personal credit card or business credit card to fund your company.
Unsecured Loans Made Simple
Business loans, particularly an unsecured business loan or line of credit for business funding require not be a stressful procedure. Business finance can be in the form in the form of small business loans at an interest rates and repayment time that will suit the needs of your business financial needs.
Business Lenders for Business Goals
Business credit rates and repayment conditions, and flexible repayment options to fit the requirements of your company needs.
Business Lending Options
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for business loans in The Patch company financing in The Patch with us is simple and only takes some minutes, without long lines of paperwork or waiting in line.

Approved and receive cash within 1-2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our focus is to assist The Patch companies of all kinds, including medium, small and even solopreneurs to access quick funding so that they can take advantage of loans to expand and grow.

  • It starts with an easy online application or a phone call
  • Flexible repayment terms that can be tailored to your company
  • Fast funding within a day or two days
  • We want you and your company to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in The Patch of between $5K to $100K are quite minimal.

  • At least 6 months in business
  • A minimum of $6,000 in revenue per month
  • Be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for identification proof
  • Have a New Zealand bank as your principal account for trading
  • Bank statements from the last 6 months

Are you looking for additional funding? Find out the conditions of eligibility for our $100K to $500K company loans.

Here's How Other People Have Benefited

Examples of Business Loans

With the busy Christmas season coming up, a store selling clothing required working capital in order to buy more inventory and benefit from discounts offered by suppliers. They took out a loan of $20K over a period of 12 months, with no security for assets and received the money in just 24 hours.
Clothing Store
A gym that had been operating for over three years decided to increase its size and was in need of additional equipment. With a monthly turnover of $37K they borrowed $72K over a 24 month period. No security was required and the loan was ready in 24 hours.
Gym
The owner of a small grocery store making $70K a month borrowed $76K over a 24-month period with no repayments during the initial 4 weeks. This required 12 months of bank statements. The turnaround time was only 6 hours from the moment you applied to receiving the money.
Grocery Store Small Business Loan
An interior designer had noticed an opportunity to expand their company and required working capital to finance this expansion. With an annual revenue of $300K they borrowed $250K over 24 months. Their turnaround time was only two days and all they had to present is 12 months' worth of Bank statements, IRD confirmation, and trust deed.
Interior Designer
A restaurant owner was wanting to open a second establishment and needed funds for the renovation. Their bank wasn't interested in helping. Their typical monthly earnings was $50K and they were able to borrow $66K in 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
Simple eligibility checklist

Larger The Patch Business Loan Eligibility Criteria

The criteria for eligibility to be eligible for loans from larger The Patch business loans of between $100K and $500K are:

  • Minimum of 3 years in business
  • A minimum of $700K annually in revenue
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as identification proof
  • You should have an account at a New Zealand bank as your primary account for trading
  • Bank statements for the last six months
  • Certain financial statements, such as Profit & Loss as well as Aged Accounts Payable and Receivable

Are you looking for a lower amount of capital? Look over the eligibility requirements for our $5K-$100K The Patch unsecured business loans.

Business Lending for a Cash Injection

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

A The Patch unsecured loan is ideal for almost every company reason. Get in touch with us today.

  • Add or remodel commercial spaces
  • Staff expansion for busy periods
  • Grow stock quantities to keep up with demand
  • Develop a new website, or improve your marketing
  • Put money into new equipment, tools or the latest technology
  • Purchase additional stock to meet seasonal demand
  • Control cash flow fluctuations
  • Plus lots more …

Want to get started on one of these as soon as tomorrow? Then get in touch with us or apply online now to get the fastest and most efficient process.

Quick application checklist

What do you need to apply

All that is needed to begin is your contact details (the name of your company, your name, email and phone) as well as the amount you want to borrow, and your monthly income.

While in the process and before settlement we will require confirmation of your identity but not before we can begin:

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

Once we’ve started with loans over $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 owner of a modest grocery store doing $70K a month borrowed $76K over a 24 month period with no repayments for the first four weeks. This was contingent on 12 months of bank statements. The turnaround time was only 6 hours from submitting the application to receiving the money.
Grocery Store Small Business Loan
When they purchased a pizza store and two liquor stores 6-to 12 months ago, the new owners were seeking additional funds. The overall revenue was $500K per month . The owners were able to borrow $300K, split out as $100K per store with two different 24 and 36 months. There was no security on the owners' homes was required.
Owner of a Pizza Store & 2 Liquor Stores
With the busy Christmas season fast approaching, a clothes store required working capital in order to fund extra inventory and to take advantage of a supplier discount. They were able to borrow $20K for 12 months with no collateral for their assets, and they had the money in just 24 hours.
Clothing Store
A gym that had been operating for over three years, was planning to expand and was in need of additional equipment. With an average monthly revenue of $37K they borrowed $72K over a 24 month period. The loan was not secured to secure the loan. It was compelted in only 24 hours.
Gym
A plumber who has had business for 3 years, with the monthly revenue of $80K was looking for more funding. They were able to borrow $153K over 36 months. All they needed to be provided was 12 month bank statements and confirmation of the loan's status with IRD. The process was completed in less than a day and the plumber had their extra working capital available in their account shortly thereafter.
Plumber

Unsecured Business Loan The Patch VIC 3792

The lending landscape has changed

In the wake of traditional lenders and banks tightening credit conditions The steady flow of alternative and non-bank loan providers entering the market provides an incredible source for you to make use of.

The Patch SME’s are now able to access finance through other lenders in The Patch who are focused on facilitating company expansion or smoothing the cash flow problems. In the past, when personal credit sources (drawing equity from a home loan or credit cards and personal loans as well as credit cards) could be the best alternative funding services for The Patch that were around.

There is now there is no requirement to rely on real estate to secure business credit. With an unsecured loan business funding is simple. Instead of a term loan through the bank, business finance for a small company with interest rates and loan terms that can help with cash flow are available as business loan options.

 

 

High level summary

Separate personal and business debt

There are many advantages associated by separating personal and company debt.

  • Your home or other investment properties, aren’t held for access to funds
  • It is the business stands in much better position to create its own credit history
  • It’s much more seamless when it comes to tax time
  • Businesses are able to easily review, monitor and plan based on being able to clearly assess their cash flow position

Lower your risks, make the tax process simpler, start with an unsecure company loan. Get it today.

For those who like the detail

Separate personal and business debt

Risk

One big drawcard for keeping your individual and company assets separate is that your house isn’t tied to the funds. For a modest business loan within The Patch up to $100K, asset security will not be required so long as the borrower is able to meet their loan obligations.

Credit history

Companies are in a stable long-term position when they have a good credit or debt ability to service.

Tax

Separating personal and company financial accounts makes it more straightforward when it comes to tax time - particularly when identifying what is the tax deductible allocation. The IRD has set out the guidelines on the proof required to be able to claim deductions on an organisation’s tax return. This is an area that the IRD has specifically advised on.

Cash flow

Effective cash flow management is essential to the long-term survival that of any company. By keeping personal and company finances separate, companies can easily view the situation, track and plan based on the ability to effectively evaluate their cash flow situation.

I can now fund the remodel of our brand modern The Patch resturant without having to pull cash from the other locations.
The Patch Resturant Owner
I'm now able employ an experienced marketer to help me increase the success of my company to the next level of business growth.
Growing Business
I'm able get my tax back on time.
Small Business Owner
I'm now able make espresso for clients using the best equipment.
Cafe Owner
Business loans with interest rates and repayment conditions, and flexible repayment options to fit the needs of your business requirements.
Business Lending Options
A seamless loan application process with a large limit on borrowing, no credit criteria and no need to submit a business plan. Don't use your personal credit card and company credit cards to fund your business.
Unsecured Loans Made Simple
I am now able to take vacation knowing that my The Patch company will run well.
Local Business Owner
Business loans, especially an unsecured unsecured business loan or line of credit to business funding require to not become a stressfull procedure. Business finance is in the form of small business loans at an interest rates and repayment schedule that will suit your company liquidity.
Business Lenders for Business Goals
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The The Patch Small Business Loans

Tell me more about The Patch Small Business Loans

The Patch unsecured loans offers amounts of between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow-friendly repayments that are either daily or weekly.

How is this Unsecured Loan different from an traditional company loan?

It is possible to apply for this Small Business Loan in under 10 minutes online or over the phone, receive an answer within the same day and the money could be in your account in 24 hours. Traditional company loans are based on an interest rate per annum along with other charges and fees. We offer a company loan is a cash-based loan so you will know ahead of time the amount you will have to pay, including any fees, charges or charges. Then, it is divided into a daily or weekly amount to be paid back.

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

It is a Small Business Loan can be used to fulfill almost every business need, such as cash flow management, business remodels and marketing to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used for personal purposes.

About the Larger The Patch Business Loans

What is the Larger The Patch Business Loan?

The Larger Business Loan is a larger size loan to aid in business growth opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of up to 36 months. Repayments are scheduled weekly or fortnightly, depending on you cashflow.

How’s the Origination Fee calculated?

A Larger Business Loan has an Origination Fee that is determined at 2.5% of the loan amount.

Can I get the Larger Business Loan?

To qualify for a loan in this amount the company needs to have been operating for at least three years, and have an annual income of $700,000. You must be a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.

How can the funding be utilised?

A Larger Business Loan can be used to fund almost every company reason, such as business renovations, purchase of equipment or inventory for general working capital and so much more. The loan cannot be used for personal use.

Is the Larger Business Loan one that requires security?

Asset security is required to access funding over $150,000. It is usually in the form of a charge over assets and can be registered on the PPSR or the registration of as a caveat.

A personal or director’s guarantee is a promise to pay off a credit line that is general in nature, rather than defining security over an asset. The person who signs the guarantee is personally liable in the event that the business the borrower fails to re-pay the debt.

The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including items or assets). The PPSR permits prioritisation over property that is personal to be assigned according to the date the security interest has been registered.

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

What exactly is a preapproval without Credit Check?

If you’re seeking the Larger Business Loan of $250K or more, we may offer an initial pre-approval in order to smooth out the process. We may be able to do this without a credit check, and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes the answer to a series of financial health checks. It is in no way an offer, nor is it a guarantee of financing. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you may receive may be subject to different conditions.

Application process

Are I eligible for funding?

You may be eligible for a company loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are over 18 years, have a New Zealand business (with a valid NZBN/IRD)
  • you must prove at least 6 months worth of trade (for for the unsecured loan $5K – $100K) or three years of trade (for the Larger Business Loan $100K to $500K)

How do I apply?

The process for applying is fast and easy. Just fill out the online application in few minutes and an experienced business credit specialist will call you to help you.

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

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-$500K: Information on the application including credit consent twelve months bank statement, an IRD statements and the last two years’ finalised financial statements, plus interim financials for the current financial year as well as Aged Payables and Receivables summary.

How fast will I get a decision?

For an unsecured loan ($5K up to $100,000) we typically offer a response in one hour if you submit your request at standard company times and let us make use of the advanced bank verification system to instantly verify your bank details online. If you opt to send us copies of your bank statements we can offer a decision in as little as 1 business day.

For the Larger Business Loan ($100K or more) we may be able to provide you with conditional pre-approval in about six hours. After you’ve signed your pre-approval document, you will require to wait between 2 and 3 days for the final approval. However, this may be quicker depending on the particular circumstances of each application. Certain transactions have received approval in 24 hours.

The fastest way for you to apply is ensure you apply during normal business hours, and allow us to use our advance bank verification to verify your bank information online. If you opt to upload duplicates of your banking statements , it may take a bit longer.

How soon will I receive the money?

For the Small Business Loan ($5K up to $100,000) We can usually provide an answer in just one hour – as long as you submit your request at standard business time and permit us to use the bank verification system link to immediately verify your bank account information online. If you decide to upload copies of your bank statements we can offer the decision within an business day.

If you are applying for Larger Business Loans ($100K up to $500,000) we might be able to offer you with a conditional pre-approval in around six hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this could be shorter based on the specifics of each application. Some deals have been approved in 24 hours.

The most effective method can be make sure you apply during standard business hours and allow us to use our modern bank verification to instantly confirm your bank details online. If you opt to upload the copies of bank statements it may take a bit longer.

How much can I borrow?

We provide the loan amount between $5,000 to $500,000. When you make an application for a specific amount we take into consideration a range of elements to determine how much we can lend you well-being of the company as well as the amount of the repayments your business will be able to support. The total amount of the loan will be determined by the specifics for your business.

If you apply for a set amount, we take into consideration a variety of factors to assess the well-being of the business and the amount of repayments that your company can support. The amount you receive from your loan will be determined by the particulars the business.

Fees & repayments

What is the cost for the cost of a company loan?

When you request the company financing, we will assess the risk assessment of your business and provide an individualised proposal that includes the loan amount, the terms and the interest rates. The company loan is an upfront cost loan therefore you will know the exact amount you will have to pay, including costs, fees, or interest rates.

What is the factor that determines the price I am charged?

The interest rates on company loans rates depend on several variables like the amount to be that is borrowed, what company assets the money will be used for as well as the field the company operates in, how long the company has been in operation for, how long the business has enough cash flow to support the loan, and overall health and creditworthiness of the business.

What are the cost?

There aren’t any hidden costs for our business loans, and you’ll know precisely how much you be required to pay and when, from the day you sign up. There’s no compounding interest and the loan comes with no additional fees (as as long as you pay your payments punctually).

We don’t charge an application fee. You can get a cash loan absolutely no upfront cost and no commitment to apply.

The Origination Fee covers the expenses involved with the setting up and management of the loan. You are only charged this cost if you take out the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.

Can I pay off the loan earlier?

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

If you are deciding to pursue this option, please speak to our friendly business loans professionals. We will offer you with details for repayment and an early payment figure. This is calculated as the total of the principal balance and the accrued interest up to the date of early payout in addition to 1.5% of the principal balance and any fees that remain unpaid.

How do you make repayments work?

In order to help you avoid missing due dates and also to be in line your cash flow cycle we offer repayments either weekly or daily. These are automatically withdrawn from your nominated business account.

Security & privacy

Will my information be protected?

Security of your data, and making it clear the ways we gather, use, exchange and ensure the security of your information is vital and a vital part of our relationship with you.

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

Yes. We utilise industry-recognised encryption standards to secure your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our commitment to customer security and security. We employ a highly sophisticated bank verification system that allows you to instantly verify your bank account details online to provide an immediate response.

About business loans

What exactly is an asset-based loan (a secured loan)?

Asset-based borrowing occurs when a company owner makes use of assets they own to get the funding. The asset may be an asset belonging to the personal, like the family home, or a company asset such as a truck or other piece of machinery.

The vast majority of lending institutions, including the banks with the biggest size, prefer to guarantee loans against assets. If you’re having trouble paying back the loan, then your asset may be offered for sale by the lender. In essence, it is the process of securing additional financing using the worth of the asset you already own.

What do I require security for an company loan?

For loans of up to $150K, the requirement for asset security is not required upfront to access the money, however we do require a personal guarantee. As long as you follow your loan commitments (as stated in the loan contract) the security of assets is not required. For loans over $150K typically, you will need a personal ensure and security in the form of an asset charge.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses or auction websites
  • Debt collection firms & debt purchasers
  • Direct marketers such as telemarketing, fundraising, mail order, direct-mail etc.
  • Finance lenders & institutions
  • {Firearm businesses
  • Foreign currency exchange solutions
  • Freight forwarding and customs clearing houses
  • Business involved with gambling
  • Not-for-profit organisations such as charities, churches etc.
  • Panel beaters & smash repairers
  • Pawnbrokers or pawn shops
  • Property developers
  • Shares, stockbrokers and investment businesses
  • Tattoo studios
  • Taxi & ride sharing services
  • Ticket resellers or entertainment sales
  • Vehicle towing services
  • Used vehicle dealers
  • Vehicle glass tintingfirms
  • Automotive dismantlers

We can’t assist with an unsecure 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

Apply Now

Apply Now

Contact Us

Contact Us

Contact Us

Fill out the form below or Call Now
1300 930 634