Unsecured Business Loans Northpark NZ

By This Tomorrow You Could Be On The Right Track To Success WithThe Help Of a Northpark Business Loan

Unsecured Business Loans Northpark

A Northpark unsecured business loan is easy and quick in applying for. Apply for a loan quickly and begin using the money for your business.

  • Could additional funds assist your business with working capital or for an opportunity to grow?
  • What is the financing strategy you are using to fund your company requirements?

What you can expect:

  • Easy to apply and receive approval and the funds will be available as early as tomorrow
  • No reayments are permitted in the initial 4 weeks
  • From $5k to $500K in loans
  • Terms from 3 to 36 months
  • Competitive rates of interest prices
  • Minimal docs needed

The conditions for eligibility for an unsecured business loan within Northpark are fairly minimal.

Call Now 0800 004 520
Business business loans, interest rates and repayment terms, as well as flexible repayment options to fit what your business needs.
Business Lending Options
I'm now able to prepare coffee for my customers with the best equipment.
Cafe Owner
I can get my tax back to keep me on track.
Small Business Owner
Business loans, specifically one that is an unsecured business loan or line of credit for business funding require have no tense process. Business finance in the form of small business loans at an interest rates and repayment period that is suitable for your business budget.
Business Lenders for Business Goals
I am now able to take a holiday knowing the Northpark business will run smoothly.
Local Business Owner
A straightforward loan application process with a large loan limit, with minimal requirements for credit, and no requirement to submit a business plan. You no longer need to use your personal credit card and company credit cards in order to fund your company.
Unsecured Loans Made Simple
I can now fund the renovation of our new Northpark resturant without having draw cash from other restaurants.
Northpark Resturant Owner
I can now hire a marketing specialist to take my business to the next step.
Growing Northpark Business
Unsecured Business Loan Service Provider

Fast Approval Process

The process of applying for an business credit within Northpark with us is easy and takes just some minutes, without long lines of paperwork or waiting in line.

Approved and receive funds within 1 – 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Northpark businesses of all sorts small, medium even entrepreneurs to obtain funding fast so they can utilise the loan to expand and grow.

  • It begins with an easy online application or phone call
  • Flexible repayment terms to suit your company
  • Quick funding in a day or two days
  • A team wanting for you as well as your company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • A minimum of six months in business
  • At least $6,000 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
  • You should have an account with a New Zealand bank as your principal trading account
  • Bank statements from the past 6 months

Are you looking for additional funding? Check out the eligibility requirements for our $100K to $500K company financing.

Here's How Others Have Benefited

Examples of Business Loans

A restaurant owner wanted to open a second restaurant and needed funds for the fit out. Their bank wasn't willing to help. The typical monthly income for them was $50K and they borrowed $66K for 24 months. The turnaround time was just 8 hours.
Restaurant Owner
A plumber who's been in business for 3 years, with monthly sales of $80K was in need of more funds. They took out a loan of $153K for the course of 36 months. The only thing needed was 12 months of bank statements as well as confirmation from the IRD. The procedure was completed within just a few hours and the plumber had their extra working capital in ther account within a short time.
Plumber
The owner of a small supermarket that was making $70K a month borrowed $76K over a 24-month term , without making any repayments for the first four weeks. This was contingent on 12 months of bank statements. The turnaround time was only 6 hours from submitting the application to receiving the funds.
Grocery Store Small Business Loan
An interior designer saw an opportunity to expand their business and required working capital to finance the growth. With a monthly revenue of $300K they borrowed $250K over the course of 24 months. The time to turn around for them was only two days and all they had for them to provide is 12 months' worth of Bank statements along with IRD confirmation and trust deed.
Interior Designer
A company coach was looking to invest in a well-being as well as beauty company. With just under $12K in monthly revenues, they borrowed $24K over 24 months. The loan was based on twelve months worth of statement and was completed in less than 8 hours.
Business Coach
Simple eligibility checklist

Larger Northpark Business Loan Eligibility Criteria

The requirements for eligibility in loans from larger Northpark business loans of between $100K and $500K include:

  • Minimum of 3 years in business
  • A minimum of $700K annually in revenue
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for evidence of identity
  • Have an account at a New Zealand bank as your main trading account
  • Bank statements from the past 6 months
  • Some financial statements like Profit & Loss, and aged accounts Payable and Receivable

Do you need a smaller amount of funds? Find out the conditions for eligibility for our $5K to $100K Northpark unsecured company loans.

Business Lending for a Cash Injection

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

A Northpark unsecured loan is ideal for nearly every company use. Contact us now.

  • Expand or renovate commercial spaces
  • Staff expansion during busy periods
  • Grow stock quantities to keep up with demand
  • Build a new website or enhance your marketing
  • Invest in the latest equipment, tools or new technologies
  • Purchase extra stock to cover seasonal demand
  • Control cash flow fluctuations
  • Plus lots more …

Want to get started on one of these as soon 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 that’s needed to begin is your contact details (company name, your name, email and telephone), how much you’d like to borrow, and your monthly revenue.

During the process and before settlement we’ll require confirmation of who you are but not for starting:

  • Information on Idenfication (valid Driver’s License)
  • Business details including trading time, ownership details and the NZBN (New Zealand Business Number)

Once we’ve started, for loans of more than $150,000 you’ll need fundamental financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

Following the purchase of a pizza restaurant as well as two liquor stores 6-12 months prior, the new owners were looking for more funds. The overall revenue was $500K per month and they could borrow $300K. The loan was split into $100K for each store, with the option of 24- and 36 months. No security over the owners houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A gym that had been operating for over three years wanted to grow and required additional equipment. With monthly revenue of $37K they borrowed$72K over a 24 month period. No security was needed and the loan was settled in the span of 24 hours.
Gym
With the busy Christmas time fast approaching, a clothes store required working capital in order to buy more stock and also benefit from a supplier discount. They were able to borrow $20K for 12 months with no collateral for their assets, and they had the money in just 24 hours.
Clothing Store
The owner of a restaurant wanted to open a second location and required funds to remodel. The bank was not willing to help. Typical monthly revenue for them was $50K, and they were able borrow $66K over 24 months. Turnaround was only 8 hours.
Restaurant Owner
An interior designer saw an opportunity to increase the size of their company and needed working capital to fund this expansion. With an annual 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 was 12 months of bank statement along with IRD confirmation and their trust deed.
Interior Designer

Unsecured Business Loan Northpark NZ 2013

The lending landscape has changed

In the wake of traditional lenders and banks increasing their credit requirements The steady flow of non-bank and alternative loan providers that are entering the market offers an excellent source to make use of.

Northpark SME’s are now in a position to obtain finance via alternate lenders servicing Northpark who are focused on facilitating business growth or smoothing cash flow challenges. In the past private credit options (drawing equity from a house loan, or using credit cards and personal loans as well as the overdraft) were the only alternative funding services available in Northpark that were around.

There’s not a need of having to depend on the real estate market to secure company loans. With an unsecured loan business financing is easy. Instead of a term loan through the bank, business finance for a small business with interest rates and loan terms that help with cash flow are around as business loan options.

 

 

High level summary

Separate personal and business debt

There are substantial benefits associated with the separation of personal and business debt.

  • Your home or other investmentsaren’t tied for the purpose of accessing funds
  • The company stands in more favourable place to develop its own 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 their ability to clearly assess their cash flow position

Reduce your risk, make tax time simpler, start with an unsecure loan for business. Make an application today.

For those who like the detail

Separate personal and business debt

Risk

One big drawcard for keeping your individual and company assets separate is that your home does not have to be tied for access to the money. If you’re looking for a small business loan in Northpark up to $100K asset security won’t be required as long as the borrower fulfills their loan obligations.

Credit history

Companies will be in a favourable long-term position if they can demonstrate good credit/debt ability to service.

Tax

Separating personal and company finances makes it significantly more straightforward with regards to tax time, especially when it comes to determining the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has laid out guidelines on the proof required to be able to claim deductions on the tax return of a company. This is an area where the IRD have specifically advised on.

Cash flow

A well-organised cash flow management system is key for the longevity that of any business. Through keeping your personal finances and business finances separate, companies can easily view their cash flow, plan and monitor it based on their ability to easily assess their cash flow position.

I'm now able employ a marketer to take my company to the next level of business growth.
Growing Business
Business loans, particularly an unsecured business loan or line of credit for business funding require not be a difficult procedure. Business finance is in the form of small business loans that have an interest rate and repayment period which is compatible with your company financial needs.
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 requirements for credit and no need to submit a business plan. Stop using your personal credit card or company credit cards in order to finance your company.
Unsecured Loans Made Simple
I'm now able to finance the construction of our modern Northpark resturant without having to take cash from other locations.
Northpark Resturant Owner
Business business loans, interest rates and repayment conditions, and flexible repayment options to meet you company needs.
Business Lending Options
I'm now able to prepare beverages for customers with the best equipment.
Cafe Owner
I can now take an extended vacation knowing that it is safe knowing that Northpark business will run without a hitch.
Local Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Northpark Small Business Loans

Let me know more about Northpark Small Business Loans

Northpark unsecured loans offers the range of $5,000 to $100,000. The terms range between 3 and 24 months, cash flow friendly repayments which can be made daily or weekly.

How is how is the Unsecured Loan different from an ordinary business loan?

The application for your Small Business Loan in under 10 minutes online or by phone. You will receive an immediate response, and the money could be in your account in 24 hours. Traditional business loans have an interest rate per annum plus other fees and charges. We offer a company loan is an upfront priced loan and you’ll be aware of the total amount to be paid, including the interest, fees and charges. This is then broken down into weekly or daily payment amount.

What could be the Small Business Loan be used for?

A Small Business Loan can be used for virtually any company purpose including the management of cash flow, company improvements, advertising for purchasing inventory or new equipment, as general working capital and much more. The loan is not available to fund personal expenses.

About the Larger Northpark Business Loans

What is the Larger Northpark Business Loan?

The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans range from $100,000 to $500,000 with a fixed-term up to 36 months. Repayments are either weekly or fortnightly in order to accommodate the flow of cash.

How’s the Origination Fee calculated?

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

Am I eligible for the Larger Business Loan?

In order to be eligible for a loan of this size the company needs to be in operation for at least 3 years with an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old or have a New Zealand business (with a valid NZBN/IRD) and be able to 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 to fund almost every company reason, such as business renovations, purchase of inventory or new equipment, as general working capital, and much more. The loan cannot be used for personal reasons.

Is the Larger Business Loan a secured loan?

Asset security is required for funding of more than $150,000. This is by way of charge over assets, and could include registering this with the PPSR or making as a caveat.

A personal or director’s guarantee is a commitment to repay credit that is generally based rather than stating security over a particular asset. The person who signs the guarantee is personally responsible if the business borrower is unable to repay the debt.

The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It contains security interests registered in respect of personal property (including items or assets). The PPSR grants the priority of personal property granted in accordance with the date on which a registration of a security interest.

Caveats are legal document that is filed to provide an official notice of a claim to a property.

What is a pre-approval minus Credit Check?

If you’re requesting an enterprise loan that exceeds $250,000 it’s possible to offer a preliminary pre-approval to help ease the process. We could be able to do this without a credit check, and within 6 hours of the initial application. The pre-approval process is based on an initial assessment that includes you answering some financial well-being questions. It’s neither an offer nor a guarantee of funds. The approval of a conditional loan is subject to a full credit assessment and any offer you are offered could be subject to different conditions.

Application process

Do I have the right to receive funds?

You may be eligible for a company loan if you;

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

How do I apply?

The process for applying is fast and easy. Simply complete the online form within a few minutes and an experienced company expert in lending will contact you to help you.

To apply for up $100,000, you’ll require the right identification documents (valid Driver’s Licence) along with an NZBN/IRD that is valid and at least six months worth of bank statements.

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

$100K to $250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K-$500K: Information on the application including credit consent twelve months bank statement, an IRD statement, last 2 years finalised financial statements, in addition to interim financials from the current financial year including Aged Payables, Aged Receivables Summary.

How soon will I hear an answer?

For an unsecured loan ($5K up to $100,000) we can often provide an answer in just one hour if you make your application in quality business times and allow us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you decide to upload copies of your bank statement, we’ll offer a decision in as little as an company day.

For the Larger Business Loan ($100K or more) we may be in a position to provide you with pre-approval conditional to your application within about six hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however this could be shorter based upon the circumstances for each application. Certain agreements have been approved within the space of 24 hours.

The quickest way to apply for you to apply is ensure you apply during normal business hours, and let us use the advanced bank verification system to confirm your bank details online. If you decide to send us copies of your bank statement, it can take a bit longer.

How soon will I receive the money?

For the Small Business Loan ($5K or more) we typically offer an answer within one hour – as long as you make your application within normal business time and allow us to make use of the advanced bank verification system link to instantly verify your bank information online. If you opt to upload copies of your banking statement, we’ll offer an answer in just an business day.

For Larger Business Loans ($100K to $500K) we could be in a position to provide the conditional pre-approval within about six hours. After you’ve signed the pre-approval document, you will require to wait approximately 2-3 days to receive final approval, however it could be faster based on the specifics of each application. Some agreements have been approved in 24 hours.

The quickest method can be ensure you apply during standard business hours. Also, allow us to use our modern bank verification to instantly check your bank’s information online. If you decide to send us duplicates of your banking statement, it will take a little longer.

What is the maximum amount I can borrow?

We offer loans ranging from $5,000 and $500,000. If you apply for a specific amount we look at a variety of elements to determine what is the health of the business and the amount of repayments your business is able to afford. The total amount of your loan will depend on the specifics of your company.

If you apply for a particular amount, we take into consideration a variety of variables to determine your well-being of the business and the amount of the repayments your business is able to afford. The amount you receive from the loan will be determined by the specifics that are unique to your business.

Fees & repayments

How much do you charge for an business loan?

If you decide to make an application for one of our business credit, we’ll assess the risk assessment that you have for your business and provide you with a customised proposal that includes the loan amount, the terms and interest rates. The business loan is a loan that is priced upfront therefore you will know the exact amount to be paid, including any interest rates, fees or charges.

What is the basis for the rate I’m charged?

Interest rates for business loans rates differ based on various variables like the amount to be that is borrowed, what business assets the money will be used for, the industry the business operates in, the long the company has been operating for, how long the business has sufficient cash flow to pay for the loan, and overall health or creditworthiness of the business.

What are the costs?

There are no hidden fees for our business loans, and you’ll be aware of the amount it is that 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 do not charge an Application Fee. You are able to request a credit loan with no cost upfront or commitment to apply.

The Origination Fee covers the expenses involved in establishing and managing the loan. This is only a fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the loan amount.

Can I repay the loan early?

You may choose to pay back all of your loan at any point in time.

If you decide to take this route, please call our helpful company loan experts. They’ll offer you with details for repayment as well as an early payout amount. This is calculated as the sum of the remaining principal amount and any accrued interest at the time of the early payout plus 1.5 percent of the remaining principal and any outstanding fees.

What is the process for repayments?

To make sure that you don’t miss due dates and also to be in line your cash flow schedule, we provide repayments either daily or weekly. These are automatically withdrawn from your business account.

Security & privacy

Will my information be protected?

Making sure that your information is secure, and being upfront about how we collect information, use it, and exchange it, as well as protect your information, is vital and is an essential element of our relationship with you.

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

Yes. We use industry recognised encryption protocols to safeguard your personal, sensitive and financial data and our funders are ISO 27001 qualified for our commitment to customer security and privacy. We use an advanced bank verification system that allows you to instantly verify your bank account information online to provide quick responses.

About business loans

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

The term "asset-based" refers to borrowing where a business owner borrows from the assets they have to make a loan. The asset can be an asset belonging to the personal, like the family home, or a business asset like a truck or piece or equipment.

The majority of the lenders not just the major banks, prefer to make loans secured by assets. If you have trouble paying back the loan, then your assets could be transferred to the lender. In essence it’s the process of securing additional financing taking advantage of the value of what you already have.

Should I need security to secure a business loan?

For loans up to $150K there is no requirement for asset security in advance to gain access to the funds, however we require a personal guarantee. require the personal guarantee. In the event that you fulfill your loan obligations (as stated in the loan contract) Asset security will never be needed. For loans of over $150,000 generally, you are able to get an individual guarantee 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 companies & debt purchasers
  • Direct marketing such as direct-mail, mail order, fundraising, telemarketing etc
  • Financial lenders and institutions
  • {Firearm related businesses
  • Foreign currency exchange solutions
  • Freight forwarding and customs clearing houses
  • Gambling related industries
  • Non-profit organisations such as charities, churches etc
  • Panel beaters & smash repairers
  • Pawnbrokers or pawn shops
  • Property developers
  • Shares, stockbrokers and investment businesses
  • Tattoo studios
  • Ridesharing & taxi services
  • Ticket resellers or entertainment sales
  • Tow truck services
  • Used vehicle dealerships
  • Car glass tintingfirms
  • Automotive wrecking yards

Although we cannot assist with an unsecure business loan in these types of industries, we may be able to assist you with a 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