A Bittern unsecured business loan is quick and easy to apply for. Request a quick approval and start using the funds in your business.
What you can expect:
The criteria for eligibility for an unsecured business loan in Bittern are fairly minimal.
Call Now 1300 931 835Making an application for a company loans in Bittern with us is easy and takes only less than a minute, with no lengthy forms or lines.
Be approved and receive your money within 1 – 2 business days.
We want to assist Bittern companies of all sorts small, medium even entrepreneurs to obtain money quickly, so that they can utilise the loan to expand and grow.
The criteria for eligibility for an unsecured business loan in Bittern of between $5K to $100K are quite minimal.
Need more funds? Review the eligibility requirements for our $100K to $500K business loan.
The criteria for eligibility for loans from larger Bittern company loans of between $100K to $500K comprise:
Do you need a smaller amount of funds? Find out the eligibility requirements for our $5K-$100K Bittern unsecured business loans.
A Bittern unsecured loan is ideal for almost every business reason. Talk to us today.
Do you want to start working on one of these projects as soon as tomorrow? Then get in touch with us or send your application online to apply the fastest, most convenient way.
All that is needed to get started is your contact information (company name and your name, as well as email, phone) as well as the amount you want to borrow, and your monthly earnings.
During the process and before settlement we will need confirmation of who you are but not to get started:
After we start, for loans of more than $150,000 you’ll also require fundamental financial statements:
Let’s get started.
With banks and traditional lenders tightening credit conditions, the steady stream of alternative and non-bank loan providers that are entering the market offers an excellent source to tap into.
Bittern SME’s are now able to access finance through alternative lenders who service Bittern who are focused on enabling company growth or smoothing out cash flow challenges. In the past individual credit providers (drawing equity from the house loan, or by using credit cards in addition to personal loans and credit cards) could be the best alternative financing solutions within Bittern that were around.
There’s no need of having to depend on using real estate to secure company credit. With an unsecured loan, business financing is now easy. Instead of a loan for a term with the bank, business finance for a small company with interest rates and loan terms that can help with cash flow are around as business credit options.
There are substantial benefits associated with separating personal and company debt.
Lower your risks, make your tax time much easier. Get started with an unsecure loan for business. Apply today.
One big drawcard for keeping your individual and business assets apart is that your house isn’t required to be tied for access to the money. In the case of a business loan within Bittern up to $100K asset security won’t be required so long as the borrower is able to meet the loan requirements.
Businesses are in a more favourable long-term position if they are able to demonstrate credit/debt serviceability.
Separating personal and business financial accounts makes it more seamless when it comes to tax time, especially when it comes to determining the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has set out the rules on the evidence required in order to deduct deductions from an individual’s tax return. This is a subject that the IRD have specifically advised on.
A well-organised cash flow management system is crucial to the longevity in any company. Through keeping your personal finances and business finance separate, businesses can easily view how they are performing, monitor and plan on the ability to clearly examine their cash flow.
Bittern unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow friendly repayments that are either daily or weekly.
Apply to get this Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an answer within the same day and have the funds in your account in 24 hours. Traditional company loans refer to an annual rate of interest plus other fees and charges. We offer a business loan is an upfront priced loan and you’ll know in advance the total amount to be paid, including any fees, interest or charges. Then, it is broken down into weekly or daily repayment figure.
A Small Business Loan can be used for virtually any company purpose including the management of cash flow, business remodeling, marketing for purchasing inventory or new equipment, to fund general working capital, and much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans range from $100,000 to $500,000 over a fixed term that can last up to 36 months. The repayments are made weekly or fortnightly in order to accommodate your cash flow.
It is important to note that the Larger Business Loan has an Origination Fee that is determined at 2.5 percentage of the loan amount.
In order to be eligible for a loan in this amount the company needs to be trading for at least 3 years and have an annual turnover of at least $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.
A large business loan is a great option for almost all business need, including business renovations, purchase of new equipment or inventory as well as for general working capital and so much more. The loan cannot be used to fund personal expenses.
Asset security is necessary to access funding over $150,000. It is usually as a result of an charge on assets, and could include registering this with the PPSR or filing as a caveat.
A director’s or personal ensure is a promise to repay credit that is generally based rather than defining security over an asset. The person who signs the ensure is personally liable in the event that the company creditor is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It reflects security interests registered in respect of personal property (including the assets or goods). The PPSR allows prioritisation over property that is personal to be granted according to the date the security interest was registered.
A caveat is a legal document that is filed to provide notice of a legal claim to a property.
When you’re applying for larger company loans of $250K or more we may be able to provide an initial pre-approval that will help simplify the process. We could be able to do this without a credit verification and within 6 hours of the initial application. This pre-approval is based on an initial assessment, which involves the answer to a series of financial health checks. This is not an offer or guarantee of funds. Acceptance without condition is subject to an extensive credit evaluation and any offer you are offered could have different conditions.
You may apply for a business loan if you
The application process is fast and easy. Simply complete the online form in few minutes and an experienced business credit specialist will contact you to help you.
For a loan of up to $100,000, you’ll require ID details (valid Driver’s Licence) and a valid NZBN/IRD and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll also require:
$100K-$250K: Application details including credit consent, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K-$500K: Details for application including credit consent as well as 12 months of bank records, IRD statements Last 2 years’ finalised financial statements, plus interim financials from the current financial year, Aged Payables and Aged Receivables summary.
For an unsecured loan ($5K to $100K) we usually provide an answer within one hour, provided you make your application at standard business time and you allow us to utilise the bank verification system to immediately verify your bank account information online. If you opt to upload copies of your bank statements , we’ll be able to offer the decision within just the span of one business day.
For Larger Business Loans ($100K to $500K) we may be in a position to provide the conditional pre-approval within about 6 hours. Once you have signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, this can be quicker based upon the circumstances for each application. Some transactions have received approval within less than 24 hours.
The quickest method would be to ensure you apply during standard business hours. You can also allow us to use our modern bank verification to confirm your bank details online. If you opt to send us copies of your bank statements it takes a bit longer.
For the Small Business Loan ($5K and up) we typically offer an answer within one hour, provided you submit your request within standard business timings and let us utilise the advanced bank verification system link to immediately verify your bank account information online. If you decide to send us copies of your bank statements, we will be able to provide the decision within an business day.
If you are applying for Larger Business Loans ($100K or more) We may be capable of offer you with a conditional pre-approval within six hours. After you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval, however this may be quicker depending on the specifics of each application. Some transactions have received approval within less than 24 hours.
The most efficient method for you to apply is ensure you apply during normal business hours, and allow us to use the modern bank verification link to instantly check your bank’s information online. If you opt to send us the copies of bank statements, it can take a bit longer.
We provide loan amounts between $5,000 and $500,000. When you make an application for a particular amount, we take into consideration a range of factors to determine what is the well-being of your business and the extent of payments your business can support. The total amount of the loan will be determined by the particular circumstances that are unique to your business.
When you make an application for a specific amount we will consider a number of factors to assess how much we can lend you such as well-being of the business and the level of repayments that your company can afford. The amount you receive from your loan will be contingent on the particulars the business.
If you decide to apply for our company loan, we will assess the risk assessment for your company and offer you with a customised offer that includes the amount of loan, the term and interest rates. The company loan is a loan that is priced upfront so you will be aware in advance of the total amount you will have to pay, including charges, interest rates or fees.
Business loan interest rates depend on a variety of factors including the amount borrowed, the company assets the funds are used to purchase, the industry the company is in, how long the company has been running as well as whether the business has enough cash flow to support the loan, and general well-being as well as creditworthiness business.
There are no hidden fees for our business loans, and you’ll know precisely how much it is that you be required to pay, and when, from the very first day. There’s no compounding interest and no additional fees (as as long as you pay your payments on time).
We do not charge an Application Fee. You are able to request a credit loan with without any upfront costs or obligation to proceed.
The Origination Fee includes the expenses associated with establishing and managing the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You can choose to repay all of your advance loan at any time.
If you decide to do this please contact our helpful business loan experts. They will provide you with details for repayment as well as an early payout amount. The figure will be calculated as the sum of the remaining principal amount and accrued interest to the time of the early payout and 1.5 percent of the principal remaining and any outstanding fees.
To make sure that you don’t miss repayments and to fit in your cash flow cycle we offer repayments that are either weekly or daily. They will be automatically deducted from your business account.
Protecting your information, and being upfront about the ways we gather information, use it, and exchange it, as well as secure your information, is of huge importance and is a crucial aspect of our relationship with you.
Yes. We make use of industry-standard encryption standards to protect your sensitive, personal and financial data and our funders are ISO 27001 qualified for our dedication to the security of our clients as well as their security. We use an advanced bank verification system that allows you to immediately verify the bank account details online, allowing us to offer rapid response.
Asset-based borrowing is when an company owner uses the assets they have to obtain the loan. The asset could be a personal asset like the family home or a business property like a truck or piece of equipment.
The vast majority of the lenders even the major banks, prefer to guarantee loans against assets. If you’re having trouble paying back the loan, the asset could be offered for sale by the lender. In essence, it’s the process of securing new financing taking advantage of the value of what you already have.
For loans that exceed $150,000, it is not necessary to secure assets in advance to gain access to the funds However, we do need an individual guarantee. In the event that you fulfill your loan commitments (as specified in your loan contract document) Asset security is not needed. For loans that exceed $150K, generally, you are able to get personal ensure and security that is in the form a charge over assets.
We can’t assist with an unsecured business loan for the above industries, we might be able to help you by providing the secured business loan.
