Unsecured Business Loans Highland Park NZ

In The Next Few Hours, You Could Be Getting Ready For Success WithThe Help Of a Highland Park Business Loan

Unsecured Business Loans Highland Park

A Highland Park unsecured business loan is easy and quick to get. Get a quick apporval and start using the funds in your company.

  • Would extra funds help your company by allowing you to work capital or to realise an opportunity to grow?
  • What is the financing strategy you are using to fund your company needs?

You can expect:

  • Easy to apply and receive approval and money as early as tomorrow
  • Optionally no reayments in the initial four weeks
  • Amount of loan from $5k up to $500K
  • Terms ranging from 3-36 months
  • Competitive interest rates
  • Minimal docs

The conditions for eligibility for an unsecured business loan for a business loan Highland Park are fairly minimal.

Call Now 0800 004 520
I'm now able employ a marketing specialist to boost my company to the next level.
Growing Highland Park Business
I'm able to get my taxes back on track.
Small Business Owner
Business loans, particularly an unsecured business loan or line of credit to business funding need have no stressful procedure. Finance for a company in the shape of small business loans with an interest rate cost, and with a repayment time that will suit the needs of your company budget.
Business Lenders for Business Goals
I am now able to fund the renovation of our newly constructed Highland Park resturant without having to pull cash from the other restaurants.
Highland Park Resturant Owner
An easy loan application process that comes with a high borrowing limit, minimal credit criteria and there is no need to create a business plan. Do not use your personal credit card or business credit card to finance your business.
Unsecured Loans Made Simple
I am now able to take time off knowing that my Highland Park company will run smoothly.
Local Business Owner
I am now able to make coffee for my customers with the best equipment.
Cafe Owner
Business loans with interest rates and repayment conditions, and flexible repayment options that can be tailored to the needs of your company requirements.
Business Lending Options
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for a company financing for company in Highland Park with us is easy and takes only some minutes, without lengthy forms or lines.

Receive approval and funds within 1 – 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our focus is to assist Highland Park companies of all types, whether small, medium or soloprenuers to get access to funding fast so they can take advantage of loans to expand and grow.

  • It begins with an easy online application or phone call
  • Flexible repayment terms to meet the requirements of your company
  • Quick funding in a day or two
  • A team that wants you and your company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • A minimum of six 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)
  • Passport or Driver’s Licence for proof of identity
  • Have an account with a New Zealand bank as your principal trading account
  • Bank statements from the last 6 months

Looking for more funding? Check out the guidelines for eligibility for our $100K to $500K business loans.

Here's How Others Have Benefited

Examples of Business Loans

An interior designer saw an opportunity to expand their business and required working capital to finance this expansion. With a monthly income of $300K, they took out a loan of $250K for 24 months. Their turnaround time was only 2 days, and all they needed to provide the required documents were twelve months' bank statement, IRD confirmation, and their trust deed.
Interior Designer
A gym that was in operation for more than 3 years wanted to grow and needed additional equipment. With an average monthly revenue of $37K they borrowed$72K over a 24 month period. No security was needed for the loan and it was settled within 24 hours.
Gym
A plumber who has worked in the 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 of their status with IRD. The process was completed within one day, and the plumber had their extra working capital in their account soon afterward.
Plumber
A restaurant owner wanted to open a second location and needed funds for the installation. Their bank was not willing to help. Typical monthly revenue for them was $50K, and they borrowed $66K in 24 months. Turnaround was only 8 hours.
Restaurant Owner
A business coach wanted to invest in a health and beauty company. With just under 12K in revenue per month they borrowed $24K in 24 months. This only required 12 months of bank statement and was done in 8 hours.
Business Coach
Simple eligibility checklist

Larger Highland Park Business Loan Eligibility Criteria

The requirements for eligibility to be eligible for loans from larger Highland Park company loans of between $100K and $500K consist of:

  • Minimum of 3 year’s experience in business
  • At least $700K of annual income
  • You must be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for identification proof
  • Make sure you have a New Zealand bank as your principal trading account
  • Bank statements from the last six months
  • Some financial statements such and Profit & Loss and the Aged Accounts Payable and Receivable

Are you looking for a lower amount of money? Find out the eligibility requirements for our $5K-$100K Highland Park unsecured company loans.

Business Lending for a Cash Injection

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

A Highland Park unsecured loan is great to use for every business reason. Get in touch with us today.

  • Expand or renovate commercial spaces
  • Hire more staff during busy times
  • Boost stock quantities to keep up with demand
  • Create a new site or increase your marketing
  • Invest in new equipment, tools or technology
  • Buy extra stock to meet the seasonal demand
  • Control cash flow fluctuations
  • Plus many more …

Want to get started on one of these options as early as tomorrow? So, contact us today or send an application online to get the fastest and most efficient process.

Quick application checklist

What do you need to apply

All you need to get started is your contact details (the name of your company, your name, email, phone) along with the amount you’d like to borrow, and your monthly income.

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

  • Idenfication details (valid Driver’s Licence)
  • Information about the business, including details on trading hours owner details, trading time, as well as details of ownership and trading time, as well as NZBN (New Zealand Business Number)

Additionally after we get started with loans greater than $150,000 you’ll 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

A business coach was looking to invest in an well-being as well as beauty company. With just a little more than $12K in monthly revenues they borrowed $24K in 24 months. This required twelve months worth of statements and was completed in just 8 hours.
Business Coach
A restaurant owner wanted to open another restaurant and needed money to fund the remodel. The bank they approached wasn't willing to help. The average monthly income for them 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
When they purchased a pizza shop and two liquor stores six to 12 months prior, the new owners were seeking more funds. The revenue total was greater than $500K per month . The owners were able to obtain $300K, split out as $100K per store on an option of both 24 and 36 month terms. No security over the owner's homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
The busy Christmas season was coming up, a store selling clothing required additional working capital to buy more stock and take advantage of the discount offered by suppliers. They took out a loan of $20K over a period of 12 months with no security of assets required. They received the funds in less than 24 hours.
Clothing Store
The owner of a tiny supermarket that was making $70K a month borrowed $76K over a 24-month period with no repayments for the first 4 weeks. This had a requirement of 12 months' bank statements. The time to turn around was just six hours from application to getting the money.
Grocery Store Small Business Loan

Unsecured Business Loan Highland Park NZ 2010

The lending landscape has changed

With traditional lenders and banks increasing their credit requirements and the constant stream of non-bank and alternative loan providers entering the market provides an incredible source to take advantage of.

Highland Park SME’s are now being able to get finance from other lenders in Highland Park who are focused on enabling company growth or smoothing out the cash flow problems. In the past personal credit sources (drawing equity from the house loan, or using credit cards and personal loans as well as credit cards) provided the most viable alternative financing services available in Highland Park that were available.

There is now not a requirement of having to rely on the real estate market to secure company credit. With an unsecured loan, business funding is made simple. Instead of a term loan with banks, business finance for a small business with interest rates and loan terms that aid with cash flow are around as business credit options.

 

 

High level summary

Separate personal and business debt

There are substantial benefits associated by separating personal and company debt.

  • Your home, or other investmentsaren’t tied in order to access funds
  • It is the business stands in better position to establish its own, solid credit history
  • It is much more seamless when it comes to tax time
  • Businesses can easily assess how they are performing, monitor and plan on being able to easily examine their cash flow status

Reduce your risk, and make tax times much easier. Get started with an unsecure busines loan. Make an application today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your personal and business assets apart is that your home does not have to be tied to the funds. If you’re looking for a small business loan in Highland Park up to $100K, asset security will not be required as long as the borrower fulfills the loan requirements.

Credit history

Companies are in a advantageous long-term situation if they have a good credit or debt capability.

Tax

The separation of personal as well as business finances makes it more straightforward in the event of tax time, particularly when determining what is the tax-deductible amount. The IRD has set out the guidelines for the documentation required for claiming deductions on an individual’s tax return. This is an area where the IRD has advised specifically on.

Cash flow

A well-organised cash flow management system is vital to the long-term survival in any business. Through keeping the personal financial and business finance separate, businesses can easily view the situation, track and plan based on their ability to accurately determine their cash flow status.

I can now make beverages for customers using the best equipment.
Cafe Owner
Business loans, especially one that is an unsecured business loan or line of credit for business financing require have no stressful procedure. Business finance is in the form in the form of small business loans with an interest rates and repayment term that is suitable for the requirements of your business budget.
Business Lenders for Business Goals
I'm now able to hire a marketer to take my company to the next stage of business growth.
Growing Business
I am now able to take a holiday knowing the Highland Park business will run without a hitch.
Local Business Owner
I'm able to get my tax back in order.
Small Business Owner
Business credit rates and repayment terms and flexible repayment options that can be tailored to the needs of your company requirements.
Business Lending Options
I am now able to fund the fitout of our newly constructed Highland Park resturant without having to pull cash from the other locations.
Highland Park Resturant Owner
An easy loan application process with a generous limit on borrowing, no requirements for credit and no need to create a business plan. Do not use your personal credit card or company credit cards to finance your company.
Unsecured Loans Made Simple
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Highland Park Small Business Loans

Tell me more about Highland Park Small Business Loans

Highland Park unsecured loans offers amounts 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.

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

It is possible to apply to this Small Business Loan in under 10 minutes via the internet or by phone. You will receive an answer within the same day and have the funds in your account within 24 hours. Traditional business loans refer to an annual rate of interest as well as other fees and charges. Our business loan is a pre-paid loan which means you be aware in advance of the amount you will have to pay, including the interest, fees and charges. Then, it is broken down into a daily or weekly repayment figure.

What could the Small Business Loan be used for?

The Small Business Loan can be used for virtually every company need, such as control of cash flow company renovations, marketing to purchase inventory or new equipment, to fund general working capital, and much more. The loan is not available for personal reasons.

About larger Highland Park Business Loans

What is the Larger Highland Park Business Loan?

The Larger Business Loan is a larger size loan to aid in company growth opportunities. Loans range between $100,000 and $500,000 for a fixed period of with a maximum of 36 months. Repayments are scheduled weekly or fortnightly to work with your cash flow.

How is the Origination Fee determined?

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

Am I eligible for the Larger Business Loan?

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

What can I use the funds for?

A Business Loan of a larger size can be used for almost every business purpose including business renovations, purchase of new equipment or inventory or as general working capital and so much more. The loan is not available for personal use.

Is the Larger Business Loan a secured loan?

Asset security is needed to obtain funding above $150,000. It’s by way of charge against assets, and could include registering this in the PPSR or filing a caveat.

A director’s or personal guarantee is a commitment to pay off a credit line that is general in nature rather than specifying security over an asset. The person signing the guarantee is personally accountable if the company creditor is unable to repay the debt.

The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including goods or assets). The PPSR permits priority over personal property to be granted according to the date the security interest was registered.

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

What is a pre-approval that does not require Credit Check?

If you’re requesting an enterprise loan of $250K or more, we may offer an initial pre-approval to smooth out the process. We could be able to apply for this without a credit check, and within six 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 not an offer or guarantee of financing. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you are offered could have different terms.

Application process

Can I be eligible for funding?

You are eligible to apply for an company loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are over 18 years, own a New Zealand business (with a valid NZBN/IRD)
  • must show at least six months’ worth of transactions (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 quick and simple. Just fill out the online application within a couple minutes, and an experienced company expert in lending will call you to guide you through the process.

To apply for up $100,000 you’ll require ID details (valid Driver’s License) and an NZBN/IRD that is valid and at least six months of bank statements.

If you’re looking for loans with larger sizes, you’ll also need:

$100K to $250K: Application requirements, including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K-$500K: Application details including credit consent twelve month bank accounts, the IRD statements as well as the two most recent years’ financial statements, plus interim financials from the current financial year, Aged Payables and Aged Receivables reports.

How soon will I hear an answer?

For an unsecured loan ($5K to $100K) we typically provide an answer in just one hour if you apply during standard company hours and allow us to utilise the advanced bank verification system link to instantly verify your bank details online. If you opt to upload copies of your bank statements , we’ll be able to offer an answer in just 1 company day.

If you are applying for a Larger Business Loan ($100K or more) we might be in a position to offer you with conditional pre-approval in about 6 hours. Once you have signed the pre-approval form, it will take between 2 and 3 days for the final approval, however it could be faster based upon the circumstances for each application. Certain transactions have received approval in the space of 24 hours.

The quickest method is to ensure you apply during standard company hours, and permit us to use the 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 quickly will I receive the money?

For the Small Business Loan ($5K to $100K) we usually offer an answer within one hour if you apply at standard business time and let us make use of the advanced bank verification system to immediately verify your bank account information online. If you opt to upload copies of your banking statement, we’ll offer an answer in as little as one business day.

If you are applying for Larger Business Loans ($100K to $500K) we might be in a position to provide the conditional pre-approval in about six hours. Once you have signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this may be quicker depending on the circumstances of each application. Certain transactions have received approval within 24 hours.

The fastest way can be make sure you apply during normal business hours. You can also let us use the advance bank verification to confirm your bank details online. If you decide to upload duplicates of your banking statements, it takes a bit longer.

How much can I borrow?

We offer loans that range from $5,000 and $500,000. If you apply for a specific amount we take into consideration a range of variables to determine how much we can lend you health of the business and the extent of the repayments your company can afford. The amount you receive from your loan will depend on the specific circumstances the business.

When you apply for a certain amount, we consider a variety of aspects to assess the health that is your business and the amount of the repayments your business is able to afford. The total amount of the loan will be determined by the particular circumstances for your company.

Fees & repayments

How much do you charge for a business loan?

When you request one of our company credit, we will assess the risk profile of your company and offer you with a tailored offer that includes the loan amount, the terms and the interest rates. This company loan is an upfront-priced loan therefore you will be aware in advance of the total amount you will have to pay, including costs, fees, or interest rates.

What determines the rate that I am charged?

Business loan interest rates vary due to factors including the amount borrowed, the business assets the funds are used to purchase, the industry the business operates in, the long the company has been running and how long the business has enough cash flow to fund the loan, and overall health or creditworthiness of the company.

What are the charges?

There are no hidden fees for our business loans, and you’ll know precisely what you’ll need to pay, and when, starting from the very first day. There’s not any compounding interest and the loan comes with no additional fees (as as you make your payments in time).

We don’t charge an Application Fee. You are able to get a cash loan with absolutely no upfront cost and no any obligation to sign up.

The Origination Fee includes the expenses associated in establishing and managing the loan. The only way to pay this cost if you take out the loan. Our Origination Fee is 2.5% of the loan amount.

Can I pay out the loan in advance?

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

If you are deciding to do this please contact our helpful company credit experts. They’ll provide you with details on repayment and an early payout figure. It will be calculated using the sum of the principal balance plus any accrued interest as of the time of the early payout, plus 1.5 percent of the remaining principal and any fees that remain unpaid.

How do you make repayments work?

In order to help you avoid missing payments and to work with your cash flow routine, we offer repayments either daily or weekly. These are automatically withdrawn from your nominated company account.

Security & privacy

Will my data be protected?

Making sure that your information is secure, and being clear about the ways we gather data, process, exchange and safeguard your data, is of huge importance and is a crucial aspect of our relationship with you.

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

Yes. We employ industry-recognised encryption standards to protect your personal, sensitive financial information and our funders are ISO 27001 certified for our commitment to protecting the security of clients and privacy. We use an advanced bank verification system that allows you to instantly verify your bank account information online so we can offer rapid response.

About business loans

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

The term "asset-based" refers to borrowing where the company owner utilises assets they own to make a loan. The asset can be either a personal asset like the family home or an company asset such as a vehicle or other piece of machinery.

The vast majority of lenders, including the big banks, tend to secure loans against an asset. If you are having difficulty paying back the loan then the asset could be transferred to the lender. In essence, it is means of securing new financing by using the value of what you already own.

What do I need security to get a company loan?

Up to $150K in loans there is no requirement for asset security in advance to gain access to the funds, however we do require an individual guarantee. So long as you comply with the terms of your loan (as specified in your loan contract document) Asset security will never be required. For loans that exceed $150K, generally, you can get personal ensure and security in the form the charge of assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites and auction houses
  • Debt purchasers & debt collection companies
  • Direct marketers including direct-mail, mail order, fundraising, telemarketing etc
  • Finance lenders or institutions
  • {Firearm businesses
  • Foreign currency exchange services
  • Freight forwarding and customs clearing houses
  • Business involved with gambling
  • Not-for-profit organisationsincluding charities and churches etc.
  • Smash repairers & panel beaters
  • Pawn shops and pawnbrokers
  • Property developers
  • Stockbrokers, shares orinvesment businesses
  • Tattoo studios
  • Taxi and ride-sharing services
  • Ticket resellers or entertainment sales
  • Towing services
  • Secondhand vehicle companies
  • Automotive glass tintingfirms
  • Vehicle wrecking yards

Although we cannot assist with an unsecure business loan for those industries, we might be able to help you by providing secured business loan.

Unsecured Business Lending NZ Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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0800 004 520