Unsecured Business Loans Birkenhead NZ

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

Unsecured Business Loans Birkenhead

A Birkenhead unsecured business loan is quick and easy in applying for. Request a quick approval and begin using the money for your business.

  • Do you think that additional funds could help your business by allowing you to work capital or for a growth opportunity?
  • What are the very best ways to finance your company requirements?

What to expect:

  • Easy to apply to be approved and receive funds as soon as tomorrow
  • There is no option to remittances in the first four weeks
  • Amount of loan from $5k up to $500K
  • Terms ranging from 3 to 36 month
  • Competitive rates of interest rates
  • Minimal documentation required

The criteria for eligibility for an unsecured business loan for a company loan Birkenhead are fairly minimal.

Call Now 0800 004 520
Business credit rates and repayment terms, as well as flexible repayment options to suit you company needs.
Business Lending Options
I'm now able to prepare coffee for my customers using the best equipment.
Cafe Owner
I can get my tax back on time.
Small Business Owner
Business loans, in particular an unsecured business loan or line of credit to business funding need have no tense process. Finance for a business in the shape in the form of small business loans at an interest rates and repayment term that is suitable for the requirements of your company liquidity.
Business Lenders for Business Goals
I am now able to take an extended vacation knowing that my Birkenhead business will run smoothly.
Local Business Owner
A straightforward loan application process that comes with a high limit on borrowing, no requirements for credit and there is no need to present a business plan. You no longer need to use your personal credit card and company credit cards as a way to finance your company.
Unsecured Loans Made Simple
I am now able to fund the construction of our modern Birkenhead resturant without having draw cash from other restaurants.
Birkenhead Resturant Owner
I can now hire an professional marketer to help me take my company to the next step.
Growing Birkenhead Business
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for an business financing in Birkenhead with us is simple and only takes some minutes, without lengthy forms or lines.

Approved and receive funds in 1 to 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Birkenhead businesses of all types, whether small, medium or soloprenuers to get access to money quickly, so that they can utilise the loan to expand and grow.

  • It starts with an easy online application or phone call
  • Flexible terms for repayment to fit your company
  • Fast and prompt funding within a single day or two days
  • We want to see you succeed as well as you company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The eligibility requirements for an unsecured business loan in Birkenhead of between $5K and $100K are fairly minimal.

  • At least 6 months in business
  • A minimum of $6,000 in revenue per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for evidence of identity
  • You should have a New Zealand bank as your main trading account
  • Bank statements from the past 6 months

Looking for more funding? Review the conditions of eligibility for our $100K-$500K company financing.

Here's How Other People Have Benefited

Examples of Business Loans

The owner of a restaurant wanted to open a second restaurant and needed funds for the renovation. Their bank wasn't interested in helping. Their typical monthly earnings was $50K, and they were able to get a loan of $66K over 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
A plumber who has had business for three years with monthly sales of $80K was looking for additional funding. They took out a loan of $153K for a 36 month term. The only thing needed is 12 months worth of banking statements as well as confirmation of the status with IRD. The procedure was completed within an hour and the plumber got their extra working capital available in their account soon afterward.
Plumber
The owner of a small supermarket that was making $70K a month borrowed $76K over a 24-month term with no repayments for the first four weeks. The loan required 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
An interior designer had spotted an opportunity to grow their business and required working capital to finance the expansion. With a monthly income of $300K, they borrowed $250K over 24 months. The turnaround time was just 2 days and all they needed for them to present were 12 months worth of banking statement IRD confirmation, IRD confirmation and their trust deed.
Interior Designer
A business coach was looking to invest in a health and beauty business. With a little over 12K in revenue per month the company borrowed $24K over 24 months. This only required 12-month bank statements and was done in 8 hours.
Business Coach
Simple eligibility checklist

Larger Birkenhead Business Loan Eligibility Criteria

The criteria to be eligible for larger Birkenhead business loans of between $100K and $500K include:

  • Minimum of 3 years trading in business
  • At least $700K in annual revenue
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as proof of identity
  • You should have an account at a New Zealand bank as your principal account for trading
  • Bank statements from the past 6 months
  • Some financial statements like Profit & Loss and the Aged Accounts Payable and Receivable

You are looking for a lesser amount of funds? Take a look at the eligibility requirements for our $5K-$100K Birkenhead unsecured business loans.

Business Lending for a Cash Injection

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

A Birkenhead unsecured loan is ideal for virtually every business purpose. Talk to us today.

  • Renovate or expand commercial properties
  • Staff expansion for busy times
  • Boost stock quantities to keep pace with demand
  • Create a new site or improve your marketing
  • Invest in new tools, equipment or the latest technology
  • Make sure you have extra stock on hand to meet seasonal demand
  • Control cash flow fluctuations
  • And many more …

Do you want to start working on one of these options as early as tomorrow? Get in touch with us today or send an application online for the quickjest fasted way.

Quick application checklist

What do you need to apply

All that’s needed to get started is your contact details (the name of your company and your name, as well as email and phone) and the amount you’d like to borrow, as well as your monthly income.

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

  • Idenfication information (valid Driver’s License)
  • Business details including trading time, ownership details , and details of ownership and trading time, as well as NZBN (New Zealand Business Number)

In addition, once we have started in the process, for loans of more than $150,000 you’ll also require 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

After purchasing a pizza store and two liquor stores 6-12 months earlier the new owners were seeking additional funds. The revenue total was greater than $500K per month . The owners were able to obtain $300K. The loan was split into $100K for each store, with a mix of 24 and 36 months. No security over the owners homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
A gym that had been going for nearly 3 years was looking to expand and needed additional equipment. With a monthly turnover of $37K they borrowed $72K over a 24- month period. There was no security requirement for the loan and it was ready to go within 24 hours.
Gym
With the busy Christmas season coming up, a store selling clothing needed working capital to finance additional inventory and to take advantage of the discount 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
The owner of a restaurant wanted to open another restaurant and required funds to fit out. The bank they approached wasn't willing to help. Typical monthly revenue for them was $50K and they were able to get a loan of $66K over 24 months. Turnaround was only 8 hours.
Restaurant Owner
An interior designer had spotted an opportunity to increase the size of their business and needed working capital to fund this growth. With a monthly income of $300K, they took out a loan of $250K for 24 months. The turnaround time was just two days, and all they needed for them to present is 12 months' worth of Bank statement, IRD confirmation, and trust deed.
Interior Designer

Unsecured Business Loan Birkenhead NZ 0626

The lending landscape has changed

With banks and traditional lenders tightening their credit terms and the constant stream of non-bank and alternative loan providers that are entering the market offers an incredible source to take advantage of.

Birkenhead SME’s are now capable of accessing finance through alternative lenders that service Birkenhead 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 using credit cards or personal loans, as well as overdrafts) were the only alternative financing services for Birkenhead that were around.

There’s there is no need in the present to rely on the real estate market to secure business loan. With an unsecured loan, business funding is simple. Instead of a loan for a term with a bank, business finance for an SME with interest rates and loan terms that aid with cash flow are around as business lending options.

 

 

High level summary

Separate personal and business debt

There are substantial benefits associated in separating personal from company debt.

  • Your home, or other investments, aren’t tethered for the purpose of accessing funds
  • This business has a stronger position to create its own, clear credit history
  • It’s substantially more straightforward at tax time
  • Companies can quickly view how they are performing, monitor and plan on the ability to clearly assess their cash flow position

Lower your risks, make your tax time simpler, start with an unsecure loan for business, apply 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 will be the fact that your house isn’t necessarily tied up to the funds. If you’re looking for a small business loan in Birkenhead up to $100K the security of assets won’t be required as long as the borrower is able to meet their loan obligations.

Credit history

Businesses will be in a favourable long-term financial position if they have a good credit or debt ability to service.

Tax

Separating personal and business finances makes it more seamless in the event of tax time - particularly when identifying what is the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out guidelines on the proof required for claiming deductions on the tax return of a company. This is an area where the IRD have specifically advised on.

Cash flow

Effective cash flow management is key for the long-term survival of any company. Through maintaining personal as well as business finance separate, businesses can easily view the situation, track and plan based on the ability to clearly determine their cash flow status.

I'm now able hire an experienced marketer to help me increase the success of my business to the next step of business growth.
Growing Business
Business loans, especially an unsecured unsecured business loan or line of credit to business financing require not be a stressful procedure. Business finance in the form of small business loans at a fixed interest rates and repayment term that fits the needs of your business financial needs.
Business Lenders for Business Goals
I'm able get my tax back in order.
Small Business Owner
Simple loan application procedure with a large loan limit, with minimal requirements for credit, and there is no need to provide a business plan. Do not use your personal credit card or business credit cards as a way to fund your business.
Unsecured Loans Made Simple
I am now able to fund the renovation of our fresh Birkenhead resturant without having to pull cash from the other locations.
Birkenhead Resturant Owner
Business loans with interest rates and repayment conditions, and flexible repayment options that can be tailored to what your business needs.
Business Lending Options
I can now make coffee for my clients using the best equipment.
Cafe Owner
I'm now able take vacation knowing that it is safe knowing that Birkenhead company will run smoothly.
Local Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Birkenhead Small Business Loans

Let me know what you think of the Birkenhead Small Business Loans

Birkenhead unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 months. They also offer cash flow friendly repayments that are either per day or weekly.

How is the Unsecured Loan different from a traditional business loan?

It is imaginable to apply to your Small Business Loan in under 10 minutes online or over the phone. You’ll get an immediate response, and the money could be in your account within 24 hours. Traditional business loans refer to an annual interest rate as well as other fees and charges. Our business loan is a pre-paid loan and you’ll know ahead of time the total amount payable including the interest, fees and charges. This is then divided into a daily or weekly repayment figure.

What can be the Small Business Loan be used for?

A Small Business Loan can be used to fulfill almost any company purpose including managing cash flows, company renovations, marketing for purchasing inventory or new equipment, for general working capital, and much more. The loan cannot be used to fund personal expenses.

Concerning Larger Birkenhead Business Loans

What is the Larger Birkenhead Business Loan?

The Larger Business Loan is a larger loan size to support company expansion opportunities. Loans are between $100,000 and $500,000 with a fixed-term that can last up to 36 months. The repayments are made weekly or fortnightly to work with you cashflow.

How is the Origination Fee determined?

It is important to note that the Larger Business Loan has an Origination Fee, calculated at 2.5% of the amount of the loan.

Do I qualify for the Larger Business Loan?

To be eligible for a loan in this amount the business needs to be in operation for at least 3 years, and have an annual income of at least $700,000. Your business 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.

What can I use the funds for?

A Business Loan of a larger size can be used for almost any company reason, such as company improvements, purchasing inventory or new equipment as well as for general working capital, and much more. The loan is not available for personal reasons.

Is the Larger Business Loan one that is secured?

Asset security is required for accessing funds over $150,000. It’s as a result of an charge over assets and can include registration with the PPSR or the registration of a caveat.

A personal or director’s ensure is a guarantee to pay back a loan that is generally based rather than specifying the security for a particular asset. The person who is signing the ensure is personally liable in the event that the company lender is not able to make the repayment.

The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It records security interests that have been that are registered for personal property (including items or assets). The PPSR grants the priority of personal property assigned according to the date a security interest was registered.

An affidavit is an official document lodged to provide the public notice of a legal claim to a property.

What is a pre-approval without Credit Check?

If you’re applying for the Larger Business Loan of more than $250,000 we may be able to provide a preliminary pre-approval to help ease the process. We could be able to get this done without a credit check, and within 6 hours of your initial application. The pre-approval process is based on a preliminary assessment which includes answering a couple of financial well-being questions. It is in no way an offer, nor is it a guarantee of financing. Acceptance without condition is subject to a full credit assessment and any offer that you receive could have different terms.

The application process

Are I eligible for funding?

You can apply for an company loan if you:

  • are a New Zealand Citizen (or Permanent Resident)
  • are 18 years or older, own a New Zealand business (with a valid NZBN/IRD)
  • can demonstrate at least 6 months worth of trade (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 fast and easy. Simply complete the online form in few minutes and a dedicated company expert in lending will contact you to guide you.

To be eligible for up to $100,000 you’ll need identification details (valid Driver’s Licence) and an NZBN/IRD that is valid and at least 6 months of bank statements.

For larger loan sizes, you’ll need:

$100K to $250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K – $500K: Information on the application including credit consent as well as 12 month bank accounts, the IRD statement, last 2 years finalised financial statements, as well as interim financial statements for the current year, Aged Payables and Aged Receivables summaries.

What speed will I be able to get an answer?

For an unsecured loan ($5K and up) we usually provide a response in one hour, provided you apply in quality business times and let us utilise the advanced bank verification system to immediately verify your bank account information online. If you decide to upload copies of your bank statements we can offer a decision within just the span of one business day.

If you are applying for a Larger Business Loan ($100K or more) we might be able to provide the conditional pre-approval in around six hours. Once you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this could be shorter based upon the circumstances for each application. Certain agreements have been approved in 24 hours.

The quickest way to apply is to ensure you apply during standard company hours. You can also allow us to use the advanced bank verification system link to instantly confirm your bank details online. If you decide to send us the copies of bank accounts, it takes a bit longer.

How soon will I receive the money?

For the Small Business Loan ($5K and up) we usually provide an answer in just one hour, provided you apply during normal business time and let us use the bank verification system to instantly verify your bank details online. If you opt to upload copies of your banking statements, we will be able to provide a decision in just an business day.

For the Larger Business Loans ($100K up to $500,000) we might be capable of offer you with conditional pre-approval within about six hours. Once 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 particular circumstances of each application. Certain deals have been approved in less than 24 hours.

The most effective method would be to make sure you apply during normal business hours, and let us use the advance bank verification to instantly confirm your bank details online. If you opt to send us documents from your account statements, it takes a bit longer.

What’s the minimum amount I can borrow?

We offer loans ranging from $5,000 to $500,000. When you make an application for a certain amount we will consider a number of elements for determining the health of the company and the level of the repayments your company will be able to support. The total amount of the loan will be determined by the specifics the company.

When you make an application for a specific amount we take into consideration a variety of elements to determine the well-being that is your business and the level of repayments that your company can support. The total amount of your loan will be determined by the particular circumstances the business.

Fees & repayments

How much do you charge for an company loan?

When you make an application for one of our company financing, we will assess the risk profile that you have for your business and offer an individualised offer, including the amount of the loan, the duration and interest rates. The business loan is an upfront priced loan which means you be aware in advance of the total amount payable including any interest rates, fees or charges.

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

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

What are the costs?

There are no hidden costs for our company loans. You’ll be aware of the amount you’ll need to pay and when, starting from the day you sign up. There’s no compounding interest, and the loan comes with no additional fees (as long as you make your payments on time).

We don’t charge an Application Fee. You are able to request a credit loan absolutely no upfront cost and no obligation to proceed.

The Origination Fee is the cost associated with setting up and managing the loan. The only way to pay this fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.

Do I have the option of paying off the loan in advance?

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

If you do decide to take this route, please contact our helpful company credit professionals. They’ll offer you with repayment details along with an early payout estimate. The figure will be calculated as the sum of the principal remaining and any accrued interest at the date of early payout plus 1.5% of the principal balance plus any outstanding fees.

How do you make repayments work?

To ensure you do not miss payments and to work with your cash flow cycle we offer repayments either weekly or daily. These are automatically withdrawn from your designated company account.

Security & privacy

Will my information be protected?

Security of your data, and being transparent about how we collect information, use it, and exchange it, as well as safeguard your data, is of huge importance and a vital part of our relationship you.

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

Yes. We use industry recognised encryption protocols to safeguard your personal, sensitive financial information and our funders are ISO 27001 certified for our dedication to security for our customers and security. We utilise a sophisticated bank verification system link to immediately verify your bank account details online so we can provide rapid response.

About business loans

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

The term "asset-based" refers to borrowing where a business owner makes use of an asset that they own to obtain the funds for a loan. The asset may be a personal asset like the family home, or it could be a company asset such as a vehicle or piece of equipment.

The majority of lending institutions, even the major banks, prefer to guarantee loans against assets. If you are having difficulty paying back the loan then your assets could be transferred to the lender. In essence, it’s a way of securing new funding taking advantage of the value of what you already have.

What do I require security for a business loan?

For loans that exceed $150,000, it is not necessary to secure assets prior to the loan’s access however, we do need a personal guarantee. In the event that you fulfill the terms of your loan (as specified in your loan contract) Asset security will never be required. For loans of over $150,000 typically, you will need personal ensure and security in the form of charges on assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites or auction houses
  • Debt collection agencies & debt purchasers
  • Direct marketers such as telemarketing, fundraising, mail order, direct-mail etc.
  • Financial lenders and institutions
  • {Firearm dealers
  • Foreign currency exchange offerings
  • Customs clearing houses & freight forwarding
  • Anything gambling related
  • Not-for-profit organisations such as charities and churches etc.
  • Panel beaters & smash repairers
  • Pawn shops & pawnbrokers
  • Property development
  • Investment business, shares & stockbrokers
  • Tattoo palours
  • Taxi & ridesharing services
  • Entertainment sales or ticket resellers
  • Towing services
  • Secondhand vehicle dealerships
  • Car glass tinting
  • Car dismantlers

We can’t assist with an unsecure business loan for the above industries, we might be able to assist you with the secured business loan.

Unsecured Business Lending NZ Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

Apply Now

Apply Now

Contact Us

Contact Us

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0800 004 520