Unsecured Business Loans Castor Bay NZ

By This Tomorrow You Could Have Everything You Need to Be Successful WithThe Help Of a Castor Bay Business Loan

Unsecured Business Loans Castor Bay

A Castor Bay unsecured business loan is quick and simple to apply for. Approve your loan in a matter of minutes and use the money for your company.

  • Would extra funds help your business with working capital or to take advantage of the potential for growth?
  • How are you financing your company requirements?

What to expect:

  • It’s easy to apply and be approved for cash as quickly as tomorrow
  • There is no option to remittances in the initial 4 weeks
  • The range of borrowing is from $5k to $500K.
  • Terms ranging from three to thirty-six months
  • Competitive interest prices
  • Minimal docs needed

The eligibility requirements for an unsecured business loan in Castor Bay are fairly minimal.

Call Now 0800 004 520
Business business loans, interest rates and repayment terms and flexible repayment options to fit you business requirements.
Business Lending Options
I am now able to make the coffee I serve my customers with the very best equipment.
Cafe Owner
I'm able to get my tax back on time.
Small Business Owner
Business loans, particularly those that are unsecured business loan or line of credit to business financing require have no tense process. Business finance is in the form in the form of small business loans at an interest rates and repayment period which is compatible with the requirements of your company liquidity.
Business Lenders for Business Goals
I'm now able to go on a holiday knowing my Castor Bay company will run well.
Local Business Owner
Simple loan application procedure with a generous loan limit, with minimal requirements for credit and there is no need to provide a business plan. Don't use your personal credit card or business credit cards as a way to finance your business.
Unsecured Loans Made Simple
I'm now able fund the fitout of our fresh Castor Bay resturant without having to pull cash from the other resturants.
Castor Bay Resturant Owner
I'm now able to hire an experienced marketer to help me help me take my company to the next stage.
Growing Castor Bay Business
Unsecured Business Loan Service Provider

Fast Approval Process

The process of applying for the company credit within Castor Bay with us is simple and only takes a few minutes, no long lines of paperwork or waiting in line.

Be approved and receive your money within one to two company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We want to assist Castor Bay businesses of all kinds, including medium, small and even solopreneurs to access funds quickly so that they can take advantage of loans to expand and develop.

  • It all starts with a simple online application or a phone call
  • Flexible terms for repayment to fit your business
  • Fast funding within a day or two days
  • A team wanting to see you succeed as well as you business to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for getting an unsecured business loan in Castor Bay of between $5K to $100K are quite minimal.

  • Minimum of 6 months in business
  • At least $6,000 revenue per month
  • Be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for evidence of identity
  • Make sure you have an account with a New Zealand bank as your main trading account
  • Bank statements from the last six months

Are you looking for additional funding? Find out the eligibility requirements for our $100K-$500K business credit.

Here's How Other People Have Benefited

Examples of Business Loans

A restaurant owner was wanting to open another restaurant and needed funds for the remodel. The bank was not interested in helping. Their typical monthly earnings was $50K and they were able to get a loan of $66K over 24 months. The turnaround time was 8 hours.
Restaurant Owner
A plumber who has operated their business for three years with $80K in monthly sales was looking for additional funding. They took out a loan of $153K for a 36 month term. All that was needed were 12 months' worth of statement and confirmation from the IRD. The process was completed in less than just a few hours and the plumber had their extra working capital in ther account soon afterward.
Plumber
The owner of a small grocery store making $70K a month borrowed $76K over a 24-month term with no repayments for the first four weeks. This was contingent on 12 months of bank statements. The time to turn around was just six hours from submitting the application to receiving the funds.
Grocery Store Small Business Loan
An interior designer saw an opportunity to increase the size of their business and needed working capital to finance this expansion. With a monthly revenue of $300K they took out a loan of $250K for 24 months. Turnaround time for them was only 2 days, and all they had for them to present the required documents were twelve months' bank statement, IRD confirmation, and their trust deed.
Interior Designer
A company coach was looking to invest in an well-being and beauty company. With a little over 12K in revenue per month the company borrowed $24K over 24 months. This required twelve months worth of statements and was done in 8 hours.
Business Coach
Simple eligibility checklist

Larger Castor Bay Business Loan Eligibility Criteria

The criteria to be eligible in larger Castor Bay business 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 Licence for proof of identity
  • Have an account with a New Zealand bank as your primary account for trading
  • Bank statements from the last six months
  • Certain financial statements, such as Profit & Loss and the Aged Accounts Payable and Receivable

You are looking for a lesser amount of funding? Find out the eligibility requirements for our $5K to $100K Castor Bay unsecured company loans.

Business Lending for a Cash Injection

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

A Castor Bay unsecured loan is perfect to use for any business use. Contact us now.

  • Renovate or expand the commercial space
  • Hire more staff during busy times
  • Grow stock levels to meet the demand
  • Develop a new website, or improve your marketing
  • Make sure you invest in new tools, equipment or new technologies
  • Buy extra stock to meet seasonal demand
  • Manage cash flow fluctuations
  • And many more …

Are you looking to start 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 required to get started is your contact details (the name of your company, your name, email and phone) and the amount you want to borrow, and your monthly earnings.

During the process and before settlement we’ll require confirmation of your identity but not for starting:

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

Once we’ve started in the process, for loans greater than $150,000 you’ll need fundamental financial statements:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

After purchasing a pizza shop as well as two liquor stores six to 12 months earlier the new owners were looking for more funds. The revenue total was greater than 500K per month. They were able to borrow $300K and split it into $100K for each store using an option of both 24 and 36 month terms. There was no security on the owners' houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A gym that had been in operation for more than 3 years, was planning to expand and needed additional equipment. With an average monthly revenue of $37K they borrowed $72K over a month period. The loan was not secured to secure the loan. It was ready to go in only 24 hours.
Gym
With the busy Christmas time fast approaching, a clothes store required additional working capital to fund extra inventory and to take advantage of the discount offered by suppliers. They were able to borrow $20K for 12 months without collateral for their assets, and they had the funds in less than 24 hours.
Clothing Store
The owner of a restaurant wanted to open another restaurant and required funds to fit out. The bank was not willing to help. The typical monthly income for them was $50K. They were able to get a loan of $66K for 24 months. The turnaround time was just 8 hours.
Restaurant Owner
A designer for interiors had seen an opportunity to increase the size of their business and required working capital to finance this expansion. With an annual revenue of $300K they took out a loan of $250K for 24 months. Their turnaround time was only two days and all they needed for them to present the required documents were twelve months' bank statements, IRD confirmation, and trust deed.
Interior Designer

Unsecured Business Loan Castor Bay NZ 0620

The lending landscape has changed

With traditional and bank lenders tightening credit conditions, the steady stream of alternative and non-bank loan providers that are entering the market provides an incredible source for you to take advantage of.

Castor Bay SME’s are now being able to get finance from alternative lenders that service Castor Bay who are focused on enabling business growth or smoothing cash flow challenges. In the past, when personal credit sources (drawing equity from a house loan or credit cards or personal loans, as well as overdrafts) were the only alternative funding solutions available in Castor Bay that were available.

There’s an end to the need of having to depend on the real estate market to secure company loan. With an unsecured loan, business funding is made simple. Instead of a traditional term loan from banks, business finance for an SME with interest rates and loan terms that aid in cash flow are around as business lending options.

 

 

High level summary

Separate personal and business debt

There are many benefits by separating personal and business debt.

  • Your home, or other investmentsaren’t tied to allow access to funds
  • It is the company will be in better position to establish its own credit history
  • It’s much more seamless at tax time
  • Companies can quickly view, monitor and plan based on being able to clearly assess their cash flow position

Lower your risks, make tax time more simple, apply for an unsecured busines loan, apply today.

For those who like the detail

Separate personal and business debt

Risk

One major benefit of keeping your individual and company assets separate will be the fact that your home isn’t tied to access the funds. For a small business loan within Castor Bay up to $100K the security of assets won’t be required as long as the borrower meets the loan requirements.

Credit history

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

Tax

The separation of personal as well as business financial accounts makes it more seamless in the event of tax time - especially when it comes to determining the tax-deductible allocation. The IRD has laid out rules on the evidence required to claim deductions on an individual’s tax return. This is an area where the IRD has advised specifically on.

Cash flow

Effective cash flow management is key for the longevity that of any company. By keeping your personal finances and business finance separate, businesses can easily view, monitor and plan based on the ability to clearly determine their cash flow status.

I'm now able employ an expert marketer to help me take my business to the next step of business growth.
Growing Business
Business loans, specifically one that is an unsecured business loan or line of credit to business funding require never be an difficult process. Business finance can be in the form of small business loans that have an interest rates and repayment term which is compatible with the needs of your business liquidity.
Business Lenders for Business Goals
I'm able to get my tax back on track.
Small Business Owner
Simple loan application procedure with a huge amount of borrowing capacity, a low credit criteria and no requirement to provide a business plan. You no longer need to use your personal credit card or company credit cards in order to finance your business.
Unsecured Loans Made Simple
I can now fund the renovation of our new Castor Bay resturant without having draw cash from other locations.
Castor Bay Resturant Owner
Business credit rates and repayment terms, as well as flexible repayment options to fit your business needs.
Business Lending Options
I am now able to make beverages for customers with the best equipment.
Cafe Owner
I'm now able to go on time off knowing that the Castor Bay business will run effortlessly.
Local Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

More about the Castor Bay Small Business Loans

Tell me more about Castor Bay Small Business Loans

Castor Bay unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments which can be made daily or weekly.

What is this Unsecured Loan different from a traditional company loan?

The application to this Small Business Loan in under 10 minutes over the phone, receive an immediate response, and have the funds in your account within 24 hours. Traditional company loans refer to an interest rate per annum plus other fees and charges. The company loan is a cash-based loan and you’ll be aware of the total amount due, which includes any interest, fees or charges. This is then broken down into a daily or weekly amount to be paid back.

What could be the Small Business Loan be used for?

A Small Business Loan can be used to fulfill almost any company need, such as control of cash flow business improvements, advertising to purchase inventory, new equipment, to fund general working capital and so much more. The loan cannot be used to fund personal expenses.

About the Larger Castor Bay Business Loans

What is the Larger Castor Bay Business Loan?

The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans range between $100,000 and $500,000 over a fixed term with a maximum of 36 months. Repayments are weekly or fortnightly depending on the flow of cash.

How is the Origination Fee calculated?

The Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the amount of the loan.

Am I eligible for the Larger Business Loan?

To qualify for a loan of this size, your business needs to be operating for a minimum of 3 years, and have an annual income of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of continuous trading.

What can I use the funding for?

A larger company loan can be used for nearly all business purpose including business improvements, purchasing new equipment or inventory for general working capital and much more. The loan is not available for personal reasons.

Is the Larger Business Loan one that requires security?

Asset security is required for accessing funds over $150,000. It is usually by way of charge against assets, and may include registration on the PPSR or registering as a caveat.

A personal or director’s guarantee is a commitment to repay credit that is generally in nature rather than specifying the security for a particular asset. The person signing the guarantee is personally liable in the event that the business the borrower fails to repay the debt.

The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including the assets or goods). The PPSR grants preference over private property assigned in accordance with the date on which a security interest that is registered.

The caveat can be described as a formal document lodged to offer the legal claim on a property.

What exactly is a preapproval without Credit Check?

When you’re applying for a Larger Business Loan of more than $250K we may be able to provide an initial pre-approval in order to smooth out the process. We may 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 evaluation that involves answering a couple of financial well-being checks. It is not an offer or guarantee of finance. A conditional approval is subject an extensive credit evaluation and any offer you receive could be subject to different terms.

Application process

Do I have the right to receive funds?

You may apply for an business loan if you:

  • are a New Zealand Citizen (or Permanent Resident)
  • are over the age of 18 and own a New Zealand company (with a valid NZBN/IRD)
  • must show at least six months of business (for for the 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. Just complete the online application in few minutes and a dedicated company loan specialist will be in touch to guide you through the process.

To apply for up to $100,000, you’ll need identification details (valid Driver’s Licence) and a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.

For larger loan sizes, you’ll also require:

$100K – $250K: Details of application, including credit consent, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K-$500K: Details of the application, including credit consent twelve month bank accounts, the IRD statement Last 2 years’ finalised financial statements, plus interim financial statements for the current year including Aged Payables, Aged Receivables summary.

What speed will I be able to get a decision?

For an unsecured loan ($5K and up) we can often offer an answer within an hour if you apply at quality business hours and you allow us to utilise the bank verification system to immediately verify your bank account information online. If you opt to send us copies of your bank statement, we’ll provide a decision within an business day.

For the Larger Business Loan ($100K up to $500,000) we might be in a position to provide you with a conditional pre-approval within about 6 hours. After you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval, however this may be quicker depending on the specifics of each application. Some deals have been approved in less than 24 hours.

The quickest way to apply is to make sure you apply during normal business hours. Also, let us use the modern bank verification to verify your bank account information online. If you upload the copies of bank statement, it will take a little longer.

What is the time frame to receive the funds?

For the Small Business Loan ($5K to $100K) we usually provide an answer within an hour – as long as you submit your request within standard business timings and you allow us to utilise the advanced bank verification system to immediately verify your bank account information online. If you opt to upload copies of your bank statement, we’ll provide the decision within an business day.

For Larger Business Loans ($100K and up) We may be capable of offer the conditional pre-approval within about six hours. Once you have signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this could be shorter based upon the circumstances for each application. Certain offers have been approved within less than 24 hours.

The fastest way for you to apply is make sure you apply during standard business hours and let us use the sophisticated bank verification link to check your bank’s information online. If you choose to upload duplicates of your banking accounts, it will take a little longer.

What’s the minimum amount I can borrow?

We provide loans that range from $5,000 to $500,000. When you submit an application for a specific amount we consider a variety of aspects to determine how much we can lend you health of your business as well as the amount of repayments that your company will be able to support. The total amount of your loan will be contingent on the specific circumstances the company.

When you submit an application for a particular amount, we consider a variety of factors to assess the health that is your company as well as the amount of repayments that your company can support. The total amount of your loan will be contingent on the particulars that are unique to your company.

Fees & repayments

How do you charge for an company loan?

When you request our company loan, we will assess the risk assessment for your company and provide you with a tailored offer that includes the loan amount, the terms and interest rates. A business loan is an upfront cost loan which means you know in advance the total amount due, which includes any charges, interest rates or fees.

What is the factor that determines the price I will be charged?

The interest rates on company loans rates depend on a variety of factors including the amount borrowed, what business assets the money are used to purchase, the industry the company is in, how long the business is in operation, whether the company has sufficient cash flow to support the loan, as well as the general well-being as well as creditworthiness company.

What are the charges?

There aren’t any hidden costs for our company loans, and you’ll know precisely how much you be required to pay and at what time, from the first day. There’s no compounding interest and the loan comes with no additional fees (as as you make your payments punctually).

We don’t charge an Application Fee. You are able to make an application for loans without any upfront costs or the obligation to take action.

The Origination Fee includes the expenses associated with the setting up and management of the loan. It is only charged for this cost if you take out the loan. The Origination Fee for us is 2.5% of the amount of loan.

Do I have the option of paying off the loan earlier?

You can repay the entire amount of your advance loan at any time.

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

What is the process for repayments?

In order to help you avoid missing repayments and to fit in your cash flow cycle we provide payments that are either weekly or daily. These are automatically deducted from your nominated company account.

Security & privacy

Will my information be protected?

Making sure that your information is secure, and making it clear the ways we gather the information we collect, use, share and ensure the security of your information is crucial and is a crucial aspect of our relationship with you.

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

Yes. We use industry recognised encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our dedication to the security of our clients as well as their privacy. We use an advanced bank verification system that allows you to instantly verify your bank account information online to offer an immediate response.

About business loans

What is asset-based borrowing (a secured loan)?

An asset-based loan is when the business owner borrows from an asset they own to obtain a loan. The asset can be an asset belonging to the personal, like the family home or it could be a company asset like a truck or piece of equipment.

The majority of the lenders not just the largest banks, are inclined to guarantee loans against an asset. If you are having difficulty paying back the loan then the asset could be taken over by the lender. In essence it’s an opportunity to secure additional financing using the worth of the asset you already own.

What do I require security to secure a company loan?

For loans that exceed $150K, no asset security is required prior to the loan’s access however, we do need the personal guarantee. If you adhere to your loan commitments (as stated in your loan contract document) Asset security will never be needed. For loans of over $150K typically, you will need the option of a personal guarantee and security in the form of a charge over assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction houses and auction websites
  • Debt collection companies & debt purchasers
  • Direct marketing such as direct-mail, mail order, fundraising, telemarketing etc.
  • Finance lenders or institutions
  • {Firearm related businesses
  • Foreign currency exchange services
  • Freight forwarding and customs clearing houses
  • Business involved with gambling
  • Not-for-profit organisationsincluding charities and churches etc
  • Panel beaters & smash repairers
  • Pawnbrokers or pawn shops
  • Property development
  • Investment business, shares and stockbrokers
  • Tattoo studios
  • Ridesharing and taxi services
  • Entertainment sales & ticket resellers
  • Towing services
  • Secondhand automotive dealerships
  • Car glass tintingfirms
  • Car wrecking yards

While we aren’t able to help with an unsecured business loan for the above industries, we might be able to assist you with 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