A Half Moon Bay unsecured business loan is easy and quick to get. Request a quick approval and start using the funds in your company.
What you can expect:
The eligibility requirements for an unsecured business loan in Half Moon Bay are fairly minimal.
Call Now 0800 004 520Applying for an business loans for business in Half Moon Bay with us is easy and takes just some minutes, without long lines of paperwork or waiting in line.
Be approved and receive your money within 1 – 2 company days.
We want to assist Half Moon Bay companies of all kinds, from small to medium-sized soloprenuers to get access to funding fast so they can take advantage of loans to expand and grow.
The eligibility requirements for an unsecured business loan in Half Moon Bay of between $5K and $100K is fairly low.
Do you need more money? Take a look at the eligibility requirements for our $100K-$500K company loan.
The criteria for eligibility of loans from larger Half Moon Bay company loans of between $100K and $500K include:
Are you looking for a lower amount of capital? Find out the guidelines for eligibility for our $5K to $100K Half Moon Bay unsecured business loans.
A Half Moon Bay unsecured loan is ideal for virtually any business need. Talk to us today.
Want to get started on one of these options as early as tomorrow? Contact us today or send an application online to get the fastest and most efficient process.
All you need for starting is your contact information (the name of your company, your name, email and phone), how much you want to borrow, as well as your monthly income.
While in the process and before settlement we will need confirmation of who you are but not before we can begin:
In addition, once we have started, for loans that exceed $150,000, you’ll also need the following financial statements:
Let’s get started now.
With banks and traditional lenders restricting credit, the steady stream of non-bank and alternative loan providers that are entering the market offers the perfect source to take advantage of.
Half Moon Bay SME’s are now capable of accessing finance through alternative lenders that service Half Moon Bay who are focused on facilitating company expansion or smoothing cash flow challenges. In the past individual credit providers (drawing equity from the house loan, or by using credit cards, personal loans and loans) were the only alternative funding services available in Half Moon Bay that were available.
There’s not a need to depend on the real estate market to secure business loans. With an unsecured loan, business funding is simple. Instead of a term loan with the bank, business finance for an SME with interest rates and loan terms that help with cash flow is around as business loans.
There are numerous benefits with the separation of personal and company debt.
Limit your exposure, make the tax process easier, get started with an unsecure busines loan. Get it today.
One big drawcard for keeping your private and company assets apart can be that your house isn’t necessarily tied up to allow access to the funds. For a modest business loan in Half Moon Bay up to $100K asset security won’t be required so long as the borrower is able to meet their loan obligations.
Companies will be in a favourable long-term financial position if they have a good credit or debt capacity to pay.
The separation of personal as well as business finances makes it more seamless in the event of tax time - particularly when determining 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 an individual’s tax return. This is an area the IRD has advised specifically on.
Effective cash flow management is essential to the longevity for any company. Through keeping the personal financial and company finance separate, companies can easily view their cash flow, plan and monitor it based on the ability to clearly examine their cash flow.
Half Moon Bay unsecured loans offers amounts between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow friendly repayments which can be made daily or weekly.
You can apply for the Small Business Loan in under 10 minutes online or over the phone, receive an immediate response, and funds may be on your account within 24 hours. Traditional business loans refer to an interest rate per annum plus other fees and charges. Our company loan is a pre-paid loan which means you be aware in advance of the total amount payable including any fees, charges or charges. Then, it is broken down into weekly or daily amount to be paid back.
The Small Business Loan can be used for nearly any business purpose including cash flow management, company remodeling, marketing to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger loan size to support company growth opportunities. Loans are between $100,000 and $500,000 with a fixed-term for up to 36 months. The repayments are made weekly or fortnightly, depending on your situation.
The Larger Business Loan has an Origination Fee, which is determined at 2.5% of the amount of the loan.
In order to be eligible for a loan in this amount the company needs to have been operating for a minimum of 3 years and generate an annual revenue of $700K. 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 demonstrate at the least 12 months of operating.
A larger business loan can be used for nearly any business use, including company renovations, purchase of new equipment or inventory as well as for general working capital and so much more. The loan cannot be used for personal use.
Asset security is needed to obtain funding above $150,000. It’s as a result of an charge on assets, and could include the registration of this on the PPSR or registering a caveat.
A personal or director’s guarantee is a commitment to repay a loan which is generally in nature rather than specifying the security for a particular asset. The person who signs the guarantee is personally liable in the event that the company the borrower fails to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It lists security interests that are which are registered with respect to personal property (including the assets or goods). The PPSR allows preference over private property assigned in accordance with the date on which a registration of a security interest.
The caveat can be described as a formal document that is filed to offer notice of a legal claim on a property.
When you’re applying for the Larger Business Loan that exceeds $250K we may be able to provide an initial pre-approval that will help ease the process. We could be able to make this decision without a credit check, and within six hours of your initial application. This pre-approval is based on a preliminary assessment which includes answering a couple of financial well-being checks. It’s in no way an offer, nor is it a guarantee of funds. A conditional approval is subject an exhaustive credit evaluation, and any offer that you might receive could be subject to different terms.
You may be eligible for a company loan if you:
The application process is quick and simple. Just complete the online application within a couple minutes, and an experienced business expert in lending will call you to assist you.
To apply for up $100,000, you’ll require ID details (valid Driver’s License) as well as an NZBN/IRD that is valid and at least six months of bank statements.
For larger loan sizes, you’ll need:
$100K to $250K: Details of application, including credit consent, 6 – 12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K-$500K: Details of the application, including credit consent as well as 12 month bank accounts, the IRD statements as well as the two most recent years’ financial statements, and interim financial statements for the current year, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K and up) we usually provide an answer within one hour – as long as you apply in quality company times and let us utilise the advanced bank verification system to immediately verify your bank account information online. If you choose to send us copies of your bank statement, we’ll provide a decision within just an company day.
For the Larger Business Loan ($100K or more) we could be likely to provide you with a conditional pre-approval within 6 hours. After you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, it could be faster based on the circumstances of each application. Some agreements have been approved in less than 24 hours.
The quickest method is to ensure you apply during standard company hours and allow us to use the advanced bank verification system link to verify your bank account information online. If you upload documents from your account statements it will take a little longer.
For the Small Business Loan ($5K and up) we usually provide a response in one hour – provided you make your application during standard business times and allow us to make use of the advanced bank verification system to immediately verify your bank account information online. If you choose to upload copies of your banking statement, we’ll offer an answer in as little as the span of one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we might be capable of provide you with conditional pre-approval within 6 hours. Once you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval, however this can be faster depending upon the circumstances for each application. Certain transactions have received approval within the space of 24 hours.
The fastest way is to make sure you apply during standard business hours. You can also let us use the modern bank verification to instantly check your bank’s information online. If you decide to send us duplicates of your banking statements, it will take a little longer.
We offer the loan amount between $5,000 and $500,000. If you apply for a particular amount, we look at a variety of elements that determine your well-being of the company and the extent of payments your business can afford. The amount you receive from the loan will be determined by the particular circumstances for your company.
If you apply for a particular amount, we take into consideration a variety of factors to assess the health of your business and the amount of repayments that your business will be able to support. The amount you receive from the loan will be determined by the specific circumstances that are unique to your business.
When you request one of our business loans, we’ll assess the risk assessment of your company and provide you with a tailored proposal that includes the amount of loan, the term and interest rates. The business loan is an upfront-priced loan which means you know the exact amount due, which includes any charges, interest rates or fees.
The interest rates on company loans rates depend on a variety of factors such as the amount that is borrowed, what company assets the funds are used to purchase, the industry the company is operating in, how long the company is in operation and what percentage of the business has sufficient cash flow to pay for the loan, and the overall well-being or financial standing of the business.
There are no hidden costs with our business loans. You’ll know precisely what it is that you be required to pay and when, from day one. There’s not any compounding interest and the loan comes with no additional fees (as long as you are able to make your payments on time).
We don’t charge an Application Fee. You can apply for a loan with no upfront cost or the obligation to take action.
The Origination Fee covers the costs associated with setting up and managing the loan. It is only charged for this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5% of the loan amount.
You may choose to pay back the total amount of your advance loan at any time.
If you are deciding to do this please speak to our friendly business credit experts. They’ll provide you with repayment details along with an early payout estimate. This is calculated as the sum of the remaining principal amount plus any accrued interest as of the time of early payout in addition to 1.5% of the principal balance as well as any outstanding fees.
To ensure that you don’t miss payment dates and to align your cash flow cycle we offer repayments that are either weekly or daily. These are automatically withdrawn from your designated business account.
Security of your data, and being upfront about the ways we gather information, use it, and exchange it, as well as secure your information, is of paramount importance and a vital aspect of our relationship with you.
Yes. We employ industry-recognised encryption protocols to safeguard your sensitive, personal financial information and our funders are ISO 27001 certified for our commitment to security for our clients and security. We make use of an advanced bank verification system link to immediately verify your bank account information online to offer rapid response.
The term "asset-based" refers to borrowing where an business owner makes use of an asset they own to secure the funds for a loan. The asset may be an asset belonging to the personal, like the family home or a business property like a truck or piece of equipment.
The vast majority of lending institutions, including the big banks, tend to guarantee loans against assets. If you have trouble paying back the loan, your assets could be transferred to the lender. In essence it’s means of securing new financing by making use of the value of what you already own.
For loans that exceed $150K, no asset security is required in advance to gain access to the funds however, we do need the personal guarantee. As long as you follow your loan obligations (as specified in your loan contract document) the security of assets will never be required. For loans over $150,000 generally, there is a personal guarantee and security in the form the charge of assets.
Although we cannot assist with an unsecured business loan for these types of industries, we may be able to assist by providing secured business loan.
