Unsecured Business Loans Epping VIC

Today, You'll Be On The Right Track To Success By ObtainingThe Help Of an Epping Business Loan

Unsecured Business Loans Epping

An Epping unsecured business loan is easy and quick to get. Get a quick apporval and use the money in your business.

  • Are additional funds able to help your company with working capital or to take advantage of the potential for growth?
  • What is the financing strategy you are using to fund your business needs?

You can expect:

  • Simple process to apply and receive approval and cash as quickly as tomorrow
  • No reayments are permitted in the initial four weeks
  • From $5k to $500K in loans
  • Terms from three to thirty-six months
  • Competitive interest rates
  • Minimal documentation needed

The eligibility requirements for an unsecured business loan to be made in Epping are fairly minimal.

Call Now 1300 931 835
Simple loan application procedure with a generous amount of borrowing capacity, a low credit criteria and no need to present a business plan. Stop using your personal credit card and company credit card to finance your business.
Unsecured Loans Made Simple
I am now able to make coffee for my customers using the very best equipment.
Cafe Owner
I am now able to fund the renovation of our modern Epping resturant without having draw cash from other restaurants.
Epping Resturant Owner
I'm now able take a holiday knowing I am confident that my Epping company will run well.
Local Business Owner
Business loans with interest rates and repayment conditions, and flexible repayment options that can be tailored to you business needs.
Business Lending Options
I can get my tax back to keep me on track.
Small Business Owner
Business loans, especially one that is an unsecured business loan or line of credit to business funding need not be a stressful procedure. Business finance in the form of small business loans with an interest rate and repayment term that will suit your business liquidity.
Business Lenders for Business Goals
I'm now able to hire a marketer to take my business to the next level.
Growing Epping Business
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for an business loan within Epping with us is easy and takes only a few minutes, no piles of paperwork or long waits.

Approved and receive funds within 1 to 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Epping businesses of all types, whether small, medium or solopreneurs to access money quickly, so that they can make use of the loan to expand and grow.

  • It begins with an easy online application or phone call
  • Flexible repayment terms to suit your business
  • Fast funding within a day or two
  • 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 Epping of between $5K and $100K are fairly minimal.

  • At least 6 months in business
  • A minimum of $6,000 in revenue per month
  • You must be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification proof
  • Make sure you have a New Zealand bank as your principal account for trading
  • Bank statements from the past 6 months

Looking for more funding? Review the guidelines for eligibility for our $100K-$500K business loans.

Here's How Other People Have Benefited

Examples of Business Loans

With the busy holiday season approaching, a clothing store needed working capital to purchase more stock and also benefit from discounts offered by suppliers. They borrowed $20K over 12 months, with no security of assets required. They received the funds in less than 24 hours.
Clothing Store
A gym that had been running for more than three years wanted to grow and required additional equipment. With a monthly income of $37K, they borrowed $72K over a month period. No security was required for the loan and it was ready to go within just 24 hours.
Gym
The proprietor of a small supermarket that was making $70K a month borrowed $76K over a 24-month term , without making any repayments during the initial 4 weeks. The loan required 12 months of bank statements. The turn around time was 6 hours from submitting the application to receiving the funds.
Grocery Store Small Business Loan
A business coach wanted to invest in an health and cosmetics business. With just over twelve thousand dollars in monthly income the company borrowed $24K over 24 months. This required the submission of 12 months' bank statements and was completed in just 8 hours.
Business Coach
Following the purchase of a pizza store as well as two liquor stores 6-to 12 months ago, the new owners were seeking additional funds. The total revenue of the two stores was more than $500K per month . The owners were able to borrow $300K and split it into $100K per store on two different 24 and 36 month terms. No security over the owners homes was required.
Owner of a Pizza Store & 2 Liquor Stores
Simple eligibility checklist

Larger Epping Business Loan Eligibility Criteria

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

  • Minimum of 3 years trading in business
  • A minimum of $700K annually in income
  • You must be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for proof of identity
  • Make sure you have a New Zealand bank as your principal account for trading
  • Bank statements from the previous six months
  • Certain financial statements include Profit & Loss and Aged Accounts Payable and Receivable

You are looking for a lesser amount of capital? Find out the guidelines for eligibility for our $5K to $100K Epping unsecured company loans.

Business Lending for a Cash Injection

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

An Epping unsecured loan is ideal for virtually any company reason. Talk to us today.

  • Renovate or expand the commercial space
  • Hire more staff for busy times
  • Increase stock quantities to keep pace with demand
  • Build a new website or enhance your marketing
  • Invest in new equipment, tools , or technology
  • Make sure you have extra stock on hand to meet the seasonal demand
  • Control cash flow fluctuations
  • Plus many more …

Are you looking to start one of these as soon as tomorrow? Then get in touch with us or send your 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 and your name, as well as email, phone) and the amount you’d like to borrow, as well as your monthly income.

During the process and before settlement we’ll need confirmation of your identity however, not in order to begin:

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

After we start with loans greater than $150,000 you will also need basic financial statements.

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

With the busy Christmas season fast approaching, a clothes store required working capital in order to finance additional inventory and benefit from a supplier discount. They secured $20K over the course of 12 months, with no collateral for their assets, and they had the funds in 24 hours.
Clothing Store
Following the purchase of a pizza store and two liquor stores six to 12 months prior, the new owners were looking for additional cash. The overall revenue was $500K per month . The owners could borrow $300K, split out as $100K for each store using an option of both 24 and 36 months. No security over the owner's homes was required.
Owner of a Pizza Store & 2 Liquor Stores
A gym that had been running for more than three years decided to increase its size and needed additional equipment. With a monthly turnover of $37K they borrowed$72K over a 24 month period. There was no security requirement to secure the loan. It was settled in 24 hours.
Gym
A company coach was looking to invest in a well-being as well as beauty business. With just under twelve thousand dollars in monthly income the company borrowed $24K over 24 months. The loan required the submission of 12 months' bank statement and was completed in less than 8 hours.
Business Coach
An interior designer had noticed an opportunity to expand their company and needed working capital to finance the growth. With an annual revenue of $300K they took out a loan of $250K for 24 months. The turnaround time was only 2 days, and all they had for them to present the required documents were twelve months' bank statements along with IRD confirmation and their trust deed.
Interior Designer

Unsecured Business Loan Epping VIC 3076

The lending landscape has changed

With banks and traditional lenders restricting credit and the constant stream of alternative and non-bank loan providers that are entering the market provides an incredible source for you to take advantage of.

Epping SME’s are now capable of accessing finance through other lenders in Epping who are focused on facilitating company expansion or smoothing the cash flow problems. In the past personal credit sources (drawing equity from the home loan, or by using credit cards and personal loans as well as overdrafts) was the sole alternative funding services available in Epping that were around.

There’s there is no need in the present to depend on real estate to secure company loan. With an unsecured loan business funding is made simple. Instead of a term loan through banks, business finance for a small business with interest rates and loan terms that help to manage cash flow are around as business credit options.

 

 

High level summary

Separate personal and business debt

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

  • Your home, or other investmentsaren’t tied to allow access to funds
  • This company is in a much better place to develop its own credit history
  • It is much more straightforward when it comes to tax time
  • Businesses can easily view their cash flow, monitor and plan based on their ability to clearly assess their cash flow position

Lower your risks, make your tax time more simple, apply for an unsecure loan for business. Make an application today.

For those who like the detail

Separate personal and business debt

Risk

One major benefit of keeping your private and business assets apart can be that your home isn’t required to be tied for access to the money. If you’re looking for a small business loan within Epping up to $100K the security of assets won’t be required as long as the borrower fulfills the loan requirements.

Credit history

Businesses will be in a favourable long-term position if they have a good credit or debt serviceability.

Tax

Separating personal and business finances makes it more straightforward with regards to tax time - particularly when determining what is the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the guidelines on the proof required to claim deductions on an organisation’s tax return. This is an area that the IRD has specifically advised on.

Cash flow

Effective cash flow management is essential to the long-term viability of any business. Through keeping personal and business finance separate, businesses can easily view how they are performing, monitor and plan on the ability to effectively determine their cash flow status.

I'm now able hire an experienced marketer to help me boost my company to the next stage of business growth.
Growing Business
Business loans, in particular those that are unsecured business loan or line of credit to business funding need to not become a stressfull process. Business finance in the form in the form of small business loans at an interest rate and repayment period that fits your business cash flow.
Business Lenders for Business Goals
I'm able to get my taxes back to keep me on track.
Small Business Owner
Business credit rates and repayment conditions, and flexible repayment options to meet you company requirements.
Business Lending Options
I'm now able fund the construction of our fresh Epping resturant without having to take cash from other restaurants.
Epping Resturant Owner
An easy loan application process with a huge amount of borrowing capacity, a low requirements for credit, and there is no requirement to present a business plan. You no longer need to use your personal credit card or business credit card to finance your company.
Unsecured Loans Made Simple
I am now able to make beverages for customers with the very best equipment.
Cafe Owner
I can now take an extended vacation knowing that it is safe knowing that Epping business will run effortlessly.
Local Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Epping Small Business Loans

Tell me how you are able to avail the Epping Small Business Loans

Epping unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments, which are either daily or weekly.

What makes what makes the Unsecured Loan different from an traditional company loan?

You can apply for this Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get a same day response and funds may be available in just 24 hours. Traditional business loans refer to an interest rate per annum together with additional fees and charges. Our company loan is an upfront priced loan and you’ll be aware of the total amount payable including any fees, charges or charges. Then, it is divided into weekly or daily amount to be paid back.

What could the Small Business Loan be used for?

It is a Small Business Loan can be used for almost every business need, such as cash flow management, business improvements, advertising for purchasing inventory or new equipment, to fund general working capital and so much more. The loan cannot be used for personal reasons.

About Larger Epping Business Loans

What is the Larger Epping Business Loan?

The Larger Business Loan is a larger amount of loan to help business expansion opportunities. The loan ranges from $100,000 to $500,000 with a term fixed up to 36 months. The repayments are made weekly or fortnightly to work with the flow of cash.

How is the Origination Fee determined?

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

Am I eligible for the Larger Business Loan?

In order to be eligible for a loan of this size, your business needs to have been operating for at least three years and have an annual turnover of $700,000. Your business must belong to 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 the least 12 months of operating.

What can I use the funding for?

A Business Loan of a larger size can be used to fund almost every company use, including business renovations, purchase of inventory or new equipment, as general working capital and much more. The loan cannot be used for personal purposes.

Is the Larger Business Loan one that requires security?

Asset security is necessary to obtain funding above $150,000. This is in the form of a charge against assets, and may include registering this with the PPSR or registering a caveat.

A personal or director’s guarantee is a commitment to repay a loan which is general in nature, rather than stating the security of a specific asset. The person signing the ensure is personally liable if the company lender is not able to re-pay the debt.

The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It lists security interests that are which are registered with respect to personal property (including objects 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 minus Credit Check?

If you’re applying for larger business loans that exceeds $250K it’s possible to offer a preliminary pre-approval to help ease the process. We might be able to apply for this without a credit verification and within 6 hours of your initial application. The pre-approval process is based on an initial evaluation that involves you answering a few financial well-being checks. This is not an offer of credit or guarantee of funds. The approval of a conditional loan is subject to an extensive credit evaluation and any offer that you might receive could be on different terms.

The application process

Are I eligible for funding?

You are eligible to apply for an business loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are 18 years or older, own a New Zealand company (with a valid NZBN/IRD)
  • must show at least six months’ worth of transactions (for for the unsecured loan $5K – $100K) or three years of trade (for the Larger Business Loan $100K - $500K)

How do I apply?

The application process is simple and simple. Just fill out the online application within a few minutes and a dedicated 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 License) and an active NZBN/IRD, and at least 6 months of bank statements.

In addition, for larger loan sizes, you’ll also need:

$100K-$250K: Information about the application including credit consent, 6 – 12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Information on the application including credit consent as well as 12 months of bank records, IRD statement as well as the two most recent years’ financial statements, as well as interim financials for the current financial year as well as Aged Payables and Receivables summary.

How quickly will I receive an answer?

For an unsecured loan ($5K and up) we typically offer an answer within one hour if you apply at quality company times and allow us to use the advanced bank verification system link to instantly verify your bank details online. If you choose to upload copies of your banking statements , we are able to offer the decision within just the span of one company day.

For Larger Business Loans ($100K or more) we might be capable of offer you with pre-approval conditional to your application within six hours. Once you have signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, this can be quicker based on the circumstances of each application. Some agreements have been approved within less than 24 hours.

The quickest method for you to apply is ensure you apply during standard company hours, and let us use the advance bank verification to check your bank’s information online. If you upload duplicates of your banking statements it can take a bit longer.

How fast will I get the cash?

For the Small Business Loan ($5K to $100K) We can usually provide an answer within an hour if you apply in normal business hours and let us use the bank verification system link to instantly verify your bank details online. If you want to send us copies of your bank statements, we’ll be able to offer a decision in as little as one business day.

For the Larger Business Loans ($100K or more) we could be in a position to provide you with pre-approval conditional to your application within about six hours. Once you have signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval. However, this can be faster depending on the particular circumstances of each application. Certain transactions have received approval in the space of 24 hours.

The quickest method can be ensure you apply during standard business hours. You can also permit us to use the advance bank verification to instantly confirm your bank details online. If you send us the copies of bank accounts, it can take a bit longer.

How much can I borrow?

We offer the loan amount between $5,000 and $500,000. When you submit an application for a specific amount we look at a variety of factors that determine your well-being of your business and the level of repayments your business can afford. The amount you receive from your loan will depend on the particular circumstances of your company.

When you make an application for a certain amount, we look at a range of aspects to assess your well-being that is your business and the amount of repayments your company can support. The amount you receive from your loan will be determined by the specifics of your company.

Fees & repayments

How do you charge for an business loan?

When you make an application for the company loan, we will assess the risk assessment the business and provide you with a customised offer, including the loan amount, the terms and interest rates. It is a company loan is an upfront priced loan and you’ll know the exact amount you will have to pay, including charges, interest rates or fees.

What determines the rate that I’m charged?

Business loan interest rates differ based on various factors like the amount of money of money borrowed, the company assets the funds will be used for, the industry the business is operating in, how long the business has been operating for, whether the company has enough cash flow to pay for the loan, and the overall well-being or creditworthiness of the company.

What are the cost?

There are no hidden fees for our business loans. You’ll be aware of the amount it is that you need to pay and when, starting from the very first day. There’s no compounding and the loan comes with no additional fees (as as long as you pay your payments punctually).

We don’t charge an application fee. You can request a credit loan with absolutely no upfront cost and no commitment to apply.

The Origination Fee is the cost associated with establishing and managing the loan. This is only a cost if you take out the loan. The Origination Fee for us is 2.5% of the loan amount.

Can I repay the loan earlier?

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

If you choose to do this please speak to our friendly business loan experts. They will offer you with details for repayment and an early payout figure. This will be calculated as the total of the remaining principal amount and any accrued interest at the time of the early payout, plus 1.5 percent of the principal remaining as well as any outstanding fees.

What are the repayment methods?

To make sure you do not miss repayments and to fit in your cash flow cycle we provide repayments either daily or weekly. They are automatically deducted from the nominated company account.

Security & privacy

Will my information be secure?

Protecting your information, and making it clear how we collect the information we collect, use, share and ensure the security of your information is of paramount importance and a vital aspect of our relationship with you.

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

Yes. We employ industry-recognised encryption standards to secure your sensitive, personal financial information and our funders are ISO 27001 certified for our commitment to customer security and security. We make use of an advanced bank verification system to instantly verify your bank account details online. This allows us to provide a fast response.

About business loans

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

Asset-based borrowing occurs when an business owner makes use of assets they own to secure the loan. The asset can be an individual asset, such as the family home or it could be a business asset like a truck or piece of equipment.

The majority of banks, even the largest banks, are inclined to secure loans against an asset. If you are having difficulty paying back the loan, your asset may be offered for sale by the lender. In essence, it’s the process of securing new funding using the value of what you already own.

Do I need security to secure a business loan?

For loans of up to $150K, the requirement for asset security is not required upfront to access the money but we require a personal guarantee. need an individual guarantee. So long as you comply with your loan obligations (as stated in your loan contract document) Asset security will never be required. For loans over $150K generally, there is a personal guarantee and security is provided in the form of an asset charge.

Industries we currently aren't able to help with

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

Although we cannot assist with an unsecure business loan for these types of industries, we may be able to help you with an secured business loan.

Melbourne Small Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

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1300 931 835