Unsecured Business Loans Dandenong VIC

In The Next Few Hours, You Could Have Everything You Need to Be Successful With a Dandenong Business Loan

Unsecured Business Loans Dandenong

A Dandenong unsecured business loan is easy and quick to get. Approve your loan in a matter of minutes and begin using the money for your business.

  • Are additional funds able to help your company with working capital or in achieving a growth opportunity?
  • What are the best ways to finance your company needs?

You can expect:

  • Simple process to apply and get approved and money as early as tomorrow
  • Optionally no reayments in the first four weeks
  • Borrow from $5k to $500K
  • Terms ranging from three to thirty-six months
  • Competitive rates of interest prices
  • Minimal documentation needed

The criteria for eligibility for an unsecured business loan within Dandenong are fairly minimal.

Call Now 1300 931 835
A straightforward loan application process that comes with a high limit on borrowing, no requirements for credit and there is no need to submit a business plan. You no longer need to use your personal credit card or business credit cards as a way to finance your company.
Unsecured Loans Made Simple
I'm now able to prepare espresso for customers using the best equipment.
Cafe Owner
I can now fund the construction of our fresh Dandenong resturant without having to take cash from other restaurants.
Dandenong Resturant Owner
I am now able to take vacation knowing that my Dandenong company will run well.
Local Business Owner
Business business loans, interest rates and repayment terms as well as flexible repayment options to meet you company requirements.
Business Lending Options
I can get my tax back on time.
Small Business Owner
Business loans, particularly an unsecured unsecured business loan or line of credit to business financing need never be an stressfull process. Business finance in the form of small business loans at an interest rate and repayment time that will suit the needs of your company financial needs.
Business Lenders for Business Goals
I'm now able employ a marketing specialist to increase the success of my company to the next step.
Growing Dandenong Business
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for a company financing for business in Dandenong with us is easy and takes only less than a minute, with no mountains of paperwork or queues.

Approved and receive funds within 1 to 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Dandenong businesses of all kinds, including medium, small and even solopreneurs to access quick funding so that they can use the loan to expand and develop.

  • It all starts with a simple online application or phone call
  • Flexible repayment terms to meet the needs of your company
  • Fast and prompt funding within a single day or two
  • A team wanting for you as well as your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in Dandenong of between $5K and $100K is fairly low.

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

Looking for more funding? Review the guidelines for eligibility for our $100K to $500K company financing.

Here's How Others Have Benefited

Examples of Business Loans

With the busy Christmas time fast approaching, a clothes store required working capital in order to fund extra stock and take advantage of the discount offered by suppliers. They borrowed $20K over 12 months without security of assets required. They received the funds within 24 hours.
Clothing Store
A gym that had been running for more than three years, was planning to expand and needed additional equipment. With monthly revenue of $37K they borrowed$72K over a 24 month period. The loan was not secured and the loan was ready to go within 24 hours.
Gym
The owner of a small supermarket that was making $70K a month borrowed $76K over a 24-month period with no repayments for the first four weeks. This had a requirement of 12 months' bank statements. The time to turn around was just six hours from submitting the application to receiving the funds.
Grocery Store Small Business Loan
A company coach wanted to invest in an well-being and beauty company. With just over twelve thousand dollars in monthly income they borrowed $24K in 24 months. This required the submission of 12 months' bank statement and was completed in less than 8 hours.
Business Coach
Acquiring a pizza restaurant as well as two liquor stores six to 12 months earlier, the new owners were seeking additional cash. The overall revenue was 500K per month. They were able to borrow $300K, split out as $100K for each store using the option of 24- and 36 months. There was no security on the owners' houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
Simple eligibility checklist

Larger Dandenong Business Loan Eligibility Criteria

The criteria for eligibility in larger Dandenong business loans of between $100K and $500K include:

  • Minimum of 3 years in business
  • A minimum of $700K annually in revenue
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for identification proof
  • Have an account with a New Zealand bank as your principal trading account
  • Bank statements from the past six months
  • Certain financial statements, such as Profit & Loss as well as Aged Accounts Payable and Receivable

You are looking for a lesser amount of funding? Look over the guidelines for eligibility for our $5K-$100K Dandenong unsecured company loans.

Business Lending for a Cash Injection

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

A Dandenong unsecured loan is perfect to use for every business purpose. Get in touch with us today.

  • Add or remodel the commercial space
  • Hire more staff during busy times
  • Grow stock quantities to meet the demand
  • Build a new website or increase your marketing
  • Consider investing in new equipment, tools or the latest technology
  • Buy extra stock to meet the seasonal demand
  • Control cash flow fluctuations
  • And many 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 required for starting is your contact details (company name, your name, email address and telephone) as well as the amount you’d like to borrow and your monthly revenue.

While in the process and before settlement we will need confirmation of your identity but not for starting:

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

Once we’ve started in the process, for loans over $150,000 you’ll also require 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

With the busy Christmas time nearing, a clothing store needed working capital to fund extra stock and take advantage of discounts 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 24 hours.
Clothing Store
Acquiring a pizza place and two liquor stores six to 12 months earlier the new owners were seeking more funds. The total revenue of the two stores was more than $500K per month . The owners could borrow $300K. The loan was split into $100K per store on a mix of 24 and 36 months. There was no security on the owners' homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
A gym that had been going for nearly 3 years was looking to expand and needed more equipment. With an average monthly revenue of $37K they borrowed $72K over a 24 month period. No security was required for the loan and it was ready in 24 hours.
Gym
A company coach was seeking to invest in an well-being and cosmetics company. With a little over twelve thousand dollars in monthly income they borrowed $24K in 24 months. This only required twelve months worth of statement and was completed in less than 8 hours.
Business Coach
A designer for interiors had seen an opportunity to grow their company and required working capital in order to finance this growth. With a monthly income of $300K, they borrowed $250K over the course of 24 months. The time to turn around for them was just 2 days and all they needed to provide the required documents were twelve months' bank statement IRD confirmation, as well as trust deed.
Interior Designer

Unsecured Business Loan Dandenong VIC 3175

The lending landscape has changed

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

Dandenong SME’s are now capable of accessing finance through alternate lenders servicing Dandenong who are focused on facilitating company expansion or smoothing cash flow challenges. In the past, when personal credit sources (drawing equity from a house loan, or by using credit cards and personal loans as well as overdrafts) could be the best alternative financing services available in Dandenong that were available.

There is now no requirement of having to depend on using real estate to secure business credit. With an unsecured loan business financing is now easy. Instead of a term loan through banks, business finance for an SME with interest rates and loan terms that help with cash flow is around as business loans.

 

 

High level summary

Separate personal and business debt

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

  • Your home or other investments, aren’t tied up for access to funds
  • The company is in a much better place to develop its own, solid credit history
  • It’s significantly more seamless for tax time
  • Businesses are able to easily review their cash flow, monitor and plan based on the ability to clearly evaluate their cash flow situation

Lower your risks, make tax time much easier. Get started with an unsecure business loan. Get it today.

For those who like the detail

Separate personal and business debt

Risk

One big drawcard for keeping your individual and company assets separate can be that your home does not have to be tied for access to the money. For a small business loan within Dandenong up to $100K an asset security agreement will not be required so long as the borrower fulfills their loan obligations.

Credit history

Companies will be in a favourable long-term position if they have a good credit or debt ability to service.

Tax

The separation of personal as well as company finances makes it much more straightforward when it comes to tax time, particularly when determining what is the tax-deductible amount. The IRD has set out guidelines on the proof required for claiming deductions on a business’s tax return. This is an area the IRD have specifically advised on.

Cash flow

A well-organised cash flow management system is key for the long-term survival for any company. By keeping your personal finances and company finances separate, businesses can easily view, monitor and plan based on their ability to easily assess their cash flow position.

I'm now able hire an experienced marketer to help me help me take my business to the next stage of business growth.
Growing Business
Business loans, especially those that are unsecured business loan or line of credit to business financing need have no tense procedure. Business finance can be in the form in the form of small business loans at a fixed interest rates and repayment term that will suit your company budget.
Business Lenders for Business Goals
I'm able to get my taxes back on track.
Small Business Owner
Business loans with interest rates and repayment terms and flexible repayment options to fit your company needs.
Business Lending Options
I'm now able fund the construction of our newly constructed Dandenong resturant without having to borrow cash from other ones.
Dandenong Resturant Owner
An easy loan application process with a huge borrowing limit, minimal requirements for credit and no requirement to submit a business plan. Don't use your personal credit card or company credit cards in order to fund your company.
Unsecured Loans Made Simple
I'm now able make coffee for my customers using the best equipment.
Cafe Owner
I am now able to take an extended vacation knowing that the Dandenong company will run without a hitch.
Local Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Dandenong Small Business Loans

Let me know about the Dandenong Small Business Loans

Dandenong unsecured loans provides the range of $5,000 to $100,000, with terms ranging from 3 and 24 months, cash flow friendly repayments that are either daily or weekly.

What makes how is the Unsecured Loan different from the traditional business loan?

You can apply to get the Small Business Loan in under 10 minutes online or over the phone, receive a same day response and the funds could be on your account within 24 hours. Traditional business loans refer to an annual rate of interest plus other fees and charges. The company loan is a loan that is priced upfront which means you be aware in advance of the total amount to be paid, including any interest, fees or charges. This is then broken down into a daily or weekly amount to be paid back.

What can the Small Business Loan be used for?

The Small Business Loan can be used for nearly every business need, such as managing cash flows, company renovations, marketing to purchase inventory or new equipment, or as general working capital and much more. The loan cannot be used to fund personal expenses.

About larger Dandenong Business Loans

What is the Larger Dandenong Business Loan?

The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans range from $100,000 to $500,000 with a fixed-term with a maximum of 36 months. Repayments are either weekly or fortnightly depending on your cash flow.

How is the Origination Fee determined?

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

Do I qualify for the Larger Business Loan?

To qualify for a loan that is this large, your company needs to have been trading for at least 3 years with an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.

How can the funding be utilised?

A larger company loan can be used to fund almost every company reason, such as company improvements, purchasing new equipment or inventory, as general working capital and so much more. The loan cannot be used for personal use.

Is the Larger Business Loan a secured loan?

Asset security is required for funding of more than $150,000. It’s by taking a charge over assets, and may include registering this with the PPSR or registering as a caveat.

A personal or director’s guarantee is a guarantee to repay credit that is general in nature rather than stating the security for a particular asset. The person who signs the guarantee is personally liable in the event that the business creditor is unable to make the repayment.

The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It contains security interests granted to individuals who own personal property (including goods or assets). The PPSR gives priority over personal property to be granted according to the date a security interest was registered.

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

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

If you’re seeking larger business loans that exceeds $250,000 it’s possible to offer a preliminary pre-approval to help ease the process. We might be able to make this decision 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’s not an offer or guarantee of financing. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you receive could be on different terms.

The application process

Are I eligible for funding?

You may be eligible for an company loan if you

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

How do I apply?

The application process is fast and simple. Just fill out the online application within a few minutes and an experienced company lending specialist will call you to guide you through the process.

For a loan of up to $100,000 you’ll need identification details (valid Driver’s Licence) and an active NZBN/IRD, and at least six months worth of bank statements.

Otherwise, for larger loan sizes, you’ll need:

$100K to $250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Information on the application including credit consent twelve months of bank records, IRD statements and the last two years’ finalised financial statements, plus interim current financial year financials, Aged Payables and Aged Receivables Summary.

How soon will I hear an answer?

For an unsecured loan ($5K up to $100,000) we typically offer an answer in just one hour, provided you make your application in standard company timings and allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you want to send us copies of your bank statements , we will be able to offer the decision in just 1 business day.

For the Larger Business Loan ($100K to $500K) we could be capable of provide you with conditional pre-approval in around six hours. After you’ve signed your pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this may be quicker depending on the particular circumstances of each application. Some offers have been approved in the space of 24 hours.

The most effective method is to make sure you apply during normal business hours. You can also let us use the advanced bank verification system to confirm your bank details online. If you upload copies of your bank accounts, it will take a little longer.

What is the time frame to receive the money?

For the Small Business Loan ($5K and up) we typically provide a response in one hour – as long as you apply in standard business time and you allow us to make use of the advanced bank verification system to instantly verify your bank information online. If you decide to upload copies of your bank statements we can provide a decision within 1 business day.

For the Larger Business Loans ($100K or more) We may be in a position to offer you with pre-approval conditional to your application in about six hours. Once you have signed the pre-approval document, you will need to wait approximately 2-3 days to receive final approval. However, this may be quicker depending on the circumstances of each application. Some transactions have received approval within 24 hours.

The fastest way would be to ensure you apply during standard business hours and let us use the advance bank verification to instantly verify your bank account information online. If you opt to upload documents from your account statements it may take a bit longer.

How much can I borrow?

We offer the loan amount between $5,000 and $500,000. If you apply for a certain amount, we take into consideration a range of aspects in order to assess the well-being that is your company and the level of the repayments your business will be able to support. The total amount of the loan will be determined by the specifics for your business.

If you apply for a set amount, we consider a variety of aspects to assess the well-being that is your company and the extent of the repayments your business will be able to support. The total amount of your loan will depend on the specifics that are unique to your business.

Fees & repayments

How do you charge for a business loan?

When you make an application for our business loans, we’ll assess the risk profile of your company and offer an individualised offer including the amount of the loan, the duration and interest rates. It is a business loan is an upfront-priced loan and you’ll know in advance the total amount due, which includes any costs, fees, or interest rates.

What determines the rate that I am charged?

The interest rates on company loans rates depend on several factors such as the amount that is that is borrowed, what business assets the funds are used to purchase in addition to the industry that the business operates in, how long the business is in operation, whether the company has sufficient cash flow to cover the loan, and general health or creditworthiness of the company.

What are the charges?

There aren’t any hidden costs for our business loans. You’ll know precisely what it is that you need to pay and when, right from the day you sign up. There’s no compounding interest, and no extra fees (as long as you make your payments on time).

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

The Origination Fee includes the expenses associated in establishing and managing the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of loan.

Can I repay the loan earlier?

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

If you are deciding to pursue this option, please contact our helpful business loan specialists. They’ll provide you with details on repayment along with an early payout estimate. The figure will be calculated as the total of the principal remaining and accrued interest to the date of early payout and 1.5 percent of the principal remaining plus any outstanding fees.

What is the process for repayments?

To ensure you do not miss due dates and also to be in line your cash flow cycle we offer repayments either daily or weekly. They will be automatically deducted from your nominated business account.

Security & privacy

Will my information be secure?

The security of your personal information, as well as knowing the ways we gather the information we collect, use, share and ensure the security of your information is of paramount importance and a vital part of our relationship you.

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

Yes. We make use of industry-standard encryption standards to protect your sensitive, personal financial information and our funders are ISO 27001 certified for our dedication to customer security and privacy. We make use of an advanced bank verification system that allows you to instantly verify your bank account information online so we can offer a fast response.

About business loans

What’s an asset-based borrow (a secured loan)?

Asset-based borrowing occurs when an company owner makes use of the assets they have to get the loan. The asset can be either a personal asset like the family home, or an company property like a truck or piece of equipment.

The majority of lenders, not just the largest banks, are inclined to make loans secured by assets. If you have trouble paying back the loan, the asset might be offered for sale by the lender. In essence it’s an opportunity to secure new financing by using the value of what you already have.

Do I require security to secure an company loan?

Up to $150,000 in loans no asset security is required upfront to access the money, however we require a personal guarantee. need a personal guarantee. In the event that you fulfill the terms of your loan (as stipulated in your loan contract), asset security will never be needed. For loans of over $150,000 generally, you are able to get personal guarantee and security in the form a charge over assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites or auction houses
  • Debt collection firms & debt purchasers
  • Direct marketers including fundraising, telemarketing, mail order, direct-mail etc.
  • Finance lenders & institutions
  • {Firearm dealers
  • Foreign currency exchange services
  • Freight forwarding and customs clearing houses
  • Gambling related industries
  • Not-for-profit organisations such as charities, churches etc.
  • Panel beaters & smash repairers
  • Pawnbrokers and pawn shops
  • Property development
  • Shares, stockbrokers or investment businesses
  • Tattoo studios
  • Taxi & ride sharing services
  • Ticket resellers and entertainment sales
  • Vehicle towing services
  • Used car dealerships
  • Automotive glass tintingcompanies
  • Vehicle dismantlers

While we aren’t able to help with an unsecure business loan for the above industries, we might be able to assist you by providing the secured business loan.

Melbourne Small Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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Apply Now

Contact Us

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1300 931 835