Unsecured Business Loans Silverstream NZ

Today, You'll Have Everything You Need to Be Successful With a Silverstream Business Loan

Unsecured Business Loans Silverstream

A Silverstream unsecured business loan is simple and quick to apply for. Request a quick approval and begin using the money in your business.

  • Are additional funds able to help your business in working capital, or to realise an opportunity to grow?
  • What are the best ways to finance your business requirements?

You can expect:

  • Simple process to apply to be approved and receive funds as soon as tomorrow
  • Optionally , no reayments during the initial 4 weeks
  • Amount of loan from $5k up to $500K
  • Terms ranging from 3 to 36 month
  • Competitive interest rates
  • Minimal docs required

The eligibility requirements for an unsecured business loan for a business loan Silverstream are fairly minimal.

Call Now 0800 004 520
Business loan interest rates and repayment terms, as well as flexible repayment options to meet you company requirements.
Business Lending Options
Business loans, in particular those that are unsecured business loan or line of credit for business funding need to not become a tense process. Business finance can be in the form of small business loans at a fixed interest rates and repayment time which is compatible with the requirements of your company budget.
Business Lenders for Business Goals
I'm now able take a holiday knowing the Silverstream company will run well.
Local Business Owner
I'm able to get my tax back on track.
Small Business Owner
I am now able to make beverages for clients with the very best equipment.
Cafe Owner
An easy loan application process that comes with a high limit on borrowing, no requirements for credit and no need to provide a business plan. You no longer need to use your personal credit card and business credit cards to finance your company.
Unsecured Loans Made Simple
I can now fund the construction of our new Silverstream resturant without having to borrow cash from other locations.
Silverstream Resturant Owner
I'm now able employ a marketing expert to take my business to the next level.
Growing Silverstream Business
Unsecured Business Loan Service Provider

Fast Approval Process

Requesting an company loan in Silverstream with us is simple and only takes about a couple of minutes, there are no lengthy forms or lines.

Receive approval and funds in 1 to 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We want to assist Silverstream businesses of all kinds, from small to medium-sized entrepreneurs to obtain funds quickly so that they can use the loan to expand and grow.

  • It starts with an easy online application or a phone call
  • Flexible repayment terms to meet the requirements of your business
  • Fast cash in just a day or two days
  • A team that wants both you and your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

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

Do you need more money? Check out the guidelines for eligibility for our $100K-$500K business loan.

Here's How Others Have Benefited

Examples of Business Loans

A gym that was in operation for more than 3 years, was planning to expand and required additional equipment. With an average monthly revenue of $37K they borrowed$72K over a 24 month period. The loan was not secured and the loan was compelted within just 24 hours.
Gym
A designer for interiors had seen an opportunity to grow their business and needed working capital to fund this expansion. With a monthly income of $300K, they borrowed $250K over 24 months. Turnaround time for them was only two days and all they needed for them to provide is 12 months' worth of Bank statements IRD confirmation, IRD confirmation and their trust deed.
Interior Designer
A business coach wanted to invest in an well-being and cosmetics company. With a little over 12K in revenue per month, they borrowed $24K over 24 months. This required the submission of 12 months' bank statement and was completed in just 8 hours.
Business Coach
When they purchased a pizza store as well as two liquor stores 6-12 months prior, the new owners needed additional funds. The overall revenue was $500K per month . The owners could borrow $300K, split out as $100K for each store, with two different 24 and 36 month terms. No security over the owners houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
A restaurant owner wanted to open another restaurant and needed money to fund the remodel. The bank they approached wasn't interested in helping. The typical monthly income for them was $50K. They were able to borrow $66K over the course of 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
Simple eligibility checklist

Larger Silverstream Business Loan Eligibility Criteria

The eligibility requirements for larger Silverstream company loans of between $100K and $500K consist of:

  • A minimum of 3 years of business
  • At least $700K in annual income
  • You must be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as identification
  • Have an account with a New Zealand bank as your principal trading account
  • Bank statements from the last 6 months
  • Some financial statements like Profit & Loss, and aged accounts Payable and Receivable

Do you require a smaller amount of money? Find out the eligibility requirements for our $5K to $100K Silverstream unsecured business loans.

Business Lending for a Cash Injection

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

A Silverstream unsecured loan is great to use for every company use. Contact us now.

  • Add or remodel a commercial premises
  • Grow the team during busy times
  • Boost stock quantities to keep pace with demand
  • Develop a new website, or boost your marketing
  • Put money into new equipment, tools or the latest technology
  • Make sure you have extra stock on hand to meet seasonal demand
  • Control cash flow fluctuations
  • And many more …

Are you looking to start one of these options as early as tomorrow? Contact us now or apply online to get the fastest and most effective process.

Quick application checklist

What do you need to apply

All that’s needed for starting is your contact details (the name of your company, your name, email, phone) and the amount you’d like to borrow and your monthly earnings.

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

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

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

  • 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 store and two liquor stores six to 12 months earlier the new owners were looking for additional cash. The revenue total was greater than $500K per month and they were able to borrow $300K, split out as $100K for each store using two different 24 and 36 months. There was no security on the owners' houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A restaurant owner wanted to open another restaurant and needed funds for the renovation. The bank was not interested in helping. Their typical monthly earnings was $50K, and they were able to borrow $66K over 24 months. The turnaround time was 8 hours.
Restaurant Owner
With the busy Christmas time coming up, a store selling clothing required additional working capital to buy more inventory and to take advantage of discounts from 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 24 hours.
Clothing Store
A company coach wanted to invest in a health and beauty business. With just under $12K in monthly revenues they borrowed $24K in 24 months. The loan was based on 12-month bank statement and was done in 8 hours.
Business Coach
An interior designer saw an opportunity to expand their business and needed working capital to fund 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 were 12 months worth of banking statement, IRD confirmation, and trust deed.
Interior Designer

Unsecured Business Loan Silverstream NZ 5019

The lending landscape has changed

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

Silverstream SME’s are now capable of accessing finance through alternate lenders servicing Silverstream who are focused on enabling company expansion or smoothing cash flow issues. In the past, private credit options (drawing equity from a house loan, or using credit cards, personal loans and overdrafts) provided the most viable alternative financing solutions available in Silverstream that were available.

There’s no need to rely on real estate to secure company loans. With an unsecured loan, business financing is now easy. Instead of a loan for a term with banks, business finance for an SME with interest rates and loan terms that help to manage cash flow are around as business lending options.

 

 

High level summary

Separate personal and business debt

There are numerous benefits in separating personal from company debt.

  • Your home, or other investments, aren’t tied up for the purpose of accessing funds
  • It is the business will be in much better position to create its own credit history
  • It’s considerably more straightforward for tax time
  • Businesses are able to easily review how they are performing, monitor and plan on their ability to clearly determine their cash flow position

Limit your exposure, make the tax process 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 separate is that your home isn’t tied to access the funds. For a modest business loan in Silverstream up to $100K asset security won’t be needed as in the event that the borrower has met the loan requirements.

Credit history

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

Tax

Separating personal and business finances makes it much more seamless when it comes to tax time, particularly when determining the tax deductible allocation. The IRD has laid out requirements for evidence 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

Effective cash flow management is essential to the long-term viability in any company. 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.

Business loans, specifically one that is an unsecured business loan or line of credit to business funding require not be a difficult procedure. Business finance is in the form of small business loans at an interest rates and repayment time that will suit your business cash flow.
Business Lenders for Business Goals
Business business loans, interest rates and repayment terms, as well as flexible repayment options that can be tailored to you business requirements.
Business Lending Options
A seamless loan application process with a generous limit on borrowing, no requirements for credit and there is no requirement to present a business plan. Don't use your personal credit card and business credit cards to fund your business.
Unsecured Loans Made Simple
I'm able to get my tax back on time.
Small Business Owner
I am now able to make the coffee I serve my clients using the best equipment.
Cafe Owner
I can now fund the fitout of our fresh Silverstream resturant without having to borrow cash from other ones.
Silverstream Resturant Owner
I'm now able employ an experienced marketer to help me take my company to the next stage of business growth.
Growing Business
I'm now able take an extended vacation knowing that the Silverstream company will run effortlessly.
Local Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Silverstream Small Business Loans

Tell me about the Silverstream Small Business Loans

Silverstream unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 month and cash flow-friendly repayments, which are either daily or weekly.

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

You can apply to this Small Business Loan in under 10 minutes over the phone. You’ll get an answer within the same day and the money could be available in just 24 hours. Traditional company loans reference an annual rate of interest plus other fees and charges. We offer a company loan is a pre-paid loan and you’ll be aware of the total amount to be paid, including any interest, fees or charges. Then, it is broken down into weekly or daily payment amount.

What can be the Small Business Loan be used for?

A Small Business Loan can be used for nearly any company use, including the management of cash flow, business improvements, advertising to purchase inventory or new equipment, to fund general working capital, and much more. The loan cannot be used to fund personal expenses.

About larger Silverstream Business Loans

What is the Larger Silverstream Business Loan?

The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of with a maximum of 36 months. The repayments are made weekly or fortnightly to work with your cash flow.

How’s the Origination Fee calculated?

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

Can I get the Larger Business Loan?

To be eligible for a credit that is this large the company needs to be operating for a minimum of 3 years and generate an annual revenue of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.

How can the funding be utilised?

A large company loan can be used for nearly all company reason, such as business remodeling, buying new equipment or inventory as well as for general working capital and so much more. The loan is not available for personal use.

Is the Larger Business Loan one that is secured?

Asset security is necessary for accessing funds over $150,000. This can be done by taking a charge over assets, which could also include registering this in the PPSR or registering a caveat.

A director’s or personal ensure is a guarantee to pay off a credit line that is general in nature rather than specifying the security for a particular asset. The person signing the ensure is personally responsible if the company borrower is unable to pay back the debt.

The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including goods or assets). The PPSR grants the priority of personal property granted according to the date a registration of a security interest.

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

What exactly is a preapproval without Credit Check?

If you’re seeking the Larger Business Loan that exceeds $250,000 we may be able to provide an initial pre-approval that will help smooth out the process. It is possible to get this done without a credit check, and within 6 hours of the initial application. This pre-approval is made based on an initial assessment that includes the answer to a series of financial health 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 you might receive could be subject to different terms.

Application process

Can I be eligible for funding?

You can apply for an company loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are at least 18 years old, have a New Zealand company (with a valid NZBN/IRD)
  • you must demonstrate at minimum 6 months worth of trade (for the unsecured loan $5K – $100K) or three years of trade (for the Larger Business Loan $100K to $500K)

How do I apply?

The application process is quick and simple. Complete the online form within a few minutes and an experienced business credit specialist will be in touch to guide you through the process.

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

In addition, for larger loan sizes, you’ll require:

$100K-$250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K-$500K: Information on the application including credit consent as well as 12 months of bank statements, IRD statements and the last two years’ finalised financial statements, and interim financials for the current financial year including Aged Payables, Aged Receivables summaries.

What speed will I be able to get an answer?

For an unsecured loan ($5K to $100K) We can usually offer a response in one hour if you submit your request during standard business time and permit us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you opt to upload copies of your bank statements , we will be able to offer an answer in just the span of one business day.

For Larger Business Loans ($100K or more) we could be able to offer you with a conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, this may be quicker depending on the circumstances of each application. Certain deals have been approved in just 24 hours.

The quickest method would be to ensure you apply during normal business hours and allow us to use our advanced bank verification system to confirm your bank details online. If you upload the copies of bank statements , it can take a bit longer.

What is the time frame to receive the funds?

For the Small Business Loan ($5K up to $100,000) We can usually provide an answer in just one hour, provided you make your application within standard business time and allow us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you choose to send us copies of your bank statements, we’ll be able to offer the decision in as little as one business day.

If you are applying for Larger Business Loans ($100K or more) we could be able to provide you with a conditional pre-approval in around 6 hours. Once you’ve signed your pre-approval document, you will need to wait approximately 2-3 days to receive final approval, however it could be faster based upon the circumstances for each application. Certain transactions have received approval within just 24 hours.

The fastest way for you to apply is make sure you apply during standard business hours, and permit us to use the advance bank verification link to instantly confirm your bank details online. If you upload copies of your bank statements it can take a bit longer.

What’s the minimum amount I can borrow?

We offer the loan amount between $5,000 to $500,000. When you make an application for a particular amount, we look at a variety of factors in order to assess how much we can lend you health that is your business as well as the amount of repayments your business can afford. The amount you receive from your loan will depend on the specifics that are unique to your company.

When you apply for a certain amount, we look at a range of variables to assess your health for your company and the extent of the repayments your company is able to afford. The total amount of your loan will depend on the specifics the business.

Fees & repayments

How do you charge for the cost of a business loan?

If you decide to apply for the business loans, we will assess the risk assessment for your business and offer an individualised offer that includes the amount of loan, the term and interest rates. It is a business loan is an upfront-priced loan which means you be aware of the total amount due, which includes any interest rates, fees or charges.

What determines the amount I’m charged?

The interest rates on business loans rates depend on several factors including the amount borrowed, what business assets the money will be used for as well as the field the business is operating in, how long the business has been running, what percentage of the company has enough cash flow to cover the loan, as well as the overall well-being or financial standing of the business.

What are the costs?

There aren’t any hidden costs for our business loans. You’ll know precisely how much you be required to pay, and at what time, from the day you sign up. There’s no compounding and there are no additional charges (as as you make your payments on time).

We do not charge an application fee. You are able to make an application for loans with no cost upfront or obligation to proceed.

The Origination Fee covers the expenses involved in establishing and managing the loan. You are only charged this cost if you take out the loan. Our Origination Fee is 2.5 percent of the amount of the loan.

Can I pay out the loan early?

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

If you decide to pursue this option, please talk to one of our helpful company credit experts. We will provide you with details on repayment and an early payout figure. It will be calculated using the total of the principal remaining and the accrued interest up to the date of early payout plus 1.5% of the principal amount remaining as well as any outstanding fees.

What is the process for repayments?

In order to help you avoid missing due dates and also to be in line your cash flow cycle we offer repayments that are either weekly or daily. They will be automatically deducted from your designated company account.

Security & privacy

Will my information be secure?

Protecting your information, and making it clear the ways we gather information, use it, and exchange it, as well as protect your information, is of huge importance and an integral element 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 qualified for our dedication to protecting the security of customers and security. We employ a highly sophisticated bank verification system that allows you to instantly verify the bank account details online, allowing us to provide rapid response.

About business loans

How do you define asset-based lending (a secured loan)?

The term "asset-based" refers to borrowing where a company owner borrows from an asset they own to make a loan. The asset can be either an individual property, such as the family home, or an business property like a truck or piece of equipment.

The majority of banks, including the big banks, tend to secure loans against an asset. If you’re having trouble paying back the loan then your assets could be offered for sale by the lender. In essence it is a way of securing new funding taking advantage of the value of what you already have.

Do I require security for a company loan?

For loans that exceed $150K, it is not necessary to secure assets prior to the loan’s access but we require a personal guarantee. require an individual guarantee. If you adhere to the terms of your loan (as stated in the loan contract) and you are able to meet your obligations, asset security will never be required. For loans that exceed $150K, generally, you can get a personal ensure and security in the form of the charge of assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses & auction websites
  • Debt purchasers & debt collection agencies
  • Direct marketers such as direct-mail, mail order, fundraising, telemarketing etc
  • Finance institutions & lenders
  • {Firearm dealers
  • Foreign currency exchange offerings
  • Customs clearing houses & freight forwarding
  • Business involved with gambling
  • Not-for-profit organisationsincluding charities, churches etc.
  • Smash repairers & panel beaters
  • Pawnbrokers & pawn shops
  • Property development
  • Investment business, shares or stockbrokers
  • Tattoo studios
  • Taxi or ride-sharing services
  • Entertainment sales and ticket resellers
  • Tow truck services
  • Used vehicle dealerships
  • Vehicle glass tintingfirms
  • Car wrecking yards

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