Unsecured Business Loans Point Cook VIC

If You Do This Today, You'll Be All Set For Success By Obtaining a Point Cook Business Loan

Unsecured Business Loans Point Cook

A Point Cook unsecured business loan is simple and quick to obtain. Get a quick apporval and begin using the money in your company.

  • Could additional funds assist your business in working capital, or in achieving the opportunity for growth?
  • How are you financing your company needs?

What you can expect:

  • Easy to apply and get approved and cash as quickly as tomorrow
  • Optionally , no reayments during the first four weeks
  • Borrow from $5k to $500K
  • Terms ranging from 3-36 months
  • Competitive interest rates
  • Minimal docs

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

Call Now 1300 931 835
A straightforward loan application process that comes with a high borrowing limit, minimal requirements for credit, and there is no requirement to submit a business plan. Stop using your personal credit card or business credit cards to fund your business.
Unsecured Loans Made Simple
I can now make espresso for customers using the best equipment.
Cafe Owner
I am now able to fund the fitout of our fresh Point Cook resturant without having to take cash from other locations.
Point Cook Resturant Owner
I'm now able to go on an extended vacation knowing that my Point Cook company will run well.
Local Business Owner
Business loan interest rates and repayment terms, as well as flexible repayment options to suit you business needs.
Business Lending Options
I'm able to get my tax back to keep me on track.
Small Business Owner
Business loans, in particular an unsecured unsecured business loan or line of credit to business funding need to not become a stressfull process. Business finance in the form of small business loans that have an interest rate cost, and with a repayment time which is compatible with your business budget.
Business Lenders for Business Goals
I'm now able to hire an expert marketer to boost my company to the next stage.
Growing Point Cook Business
Unsecured Business Loan Service Provider

Fast Approval Process

Requesting the company loans for business in Point Cook with us is easy and takes just about a couple of minutes, there are no piles of paperwork or long waits.

Receive approval and cash 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 Point Cook businesses of all kinds, including medium, small and even solopreneurs access funds quickly so that they can take advantage of loans to expand and grow.

  • It all starts with a simple online application, or phone call
  • Flexible repayment terms to meet the needs of your business
  • Quick funding in a day or two
  • A team that wants you and your company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in Point Cook of between $5K to $100K are quite minimal.

  • A minimum of six 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 to serve as identification proof
  • Make sure you have an account with a New Zealand bank as your main trading account
  • Bank statements for the last six months

Need more funds? Find out the guidelines for eligibility for our $100K-$500K business financing.

Here's How Others Have Benefited

Examples of Business Loans

With the busy Christmas season nearing, a clothing store needed working capital to purchase more stock and take advantage of the discount offered by suppliers. They were able to borrow $20K for 12 months with no collateral for their assets, and they had the funds within 24 hours.
Clothing Store
A gym that had been running for more than three years, was planning to expand and needed more equipment. With a monthly income of $37K, they borrowed $72K over a 24- month period. No security was required for the loan and it was compelted within only 24 hours.
Gym
The owner 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. Turnaround time was just 6 hours from application to getting the money.
Grocery Store Small Business Loan
A business coach wanted to invest in the well-being and beauty business. With just a little more than 12K in revenue per month the company borrowed $24K over 24 months. The loan was based on twelve months worth of statements and was completed in just 8 hours.
Business Coach
Acquiring a pizza store as well as two liquor stores 6-12 months earlier the new owners were seeking additional cash. The combined revenue was over $500K per month . The owners could borrow $300K. This was then split as $100K per store on two different 24 and 36 month terms. There was no security on the owners' homes was required.
Owner of a Pizza Store & 2 Liquor Stores
Simple eligibility checklist

Larger Point Cook Business Loan Eligibility Criteria

The requirements for eligibility of larger Point Cook business loans of between $100K and $500K are:

  • Minimum of 3 years trading in business
  • At least $700K in annual income
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for identification proof
  • Use an account at a New Zealand bank as your principal trading account
  • Bank statements from the previous 6 months
  • Certain financial statements include Profit & Loss as well as Aged Accounts Payable and Receivable

Looking for a smaller amount of funds? Take a look at the guidelines for eligibility for our $5K-$100K Point Cook unsecured business loans.

Business Lending for a Cash Injection

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

A Point Cook unsecured loan is great for almost any business reason. Call us now.

  • Renovate or expand commercial spaces
  • Grow the team for busy times
  • Increase stock quantities to meet demand
  • Create a new site or boost your marketing
  • Put money into new equipment, tools or technological advancements
  • Make sure you have extra stock on hand to meet the seasonal demand
  • Manage cash flow fluctuations
  • Plus many more …

Want to get started on one of these projects as soon as tomorrow? So, 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 to start is your contact details (company name, your name, email address, phone) along with the amount you’d like to borrow, as well as your monthly income.

While in the process and before settlement we will require confirmation of who you are but not before we can begin:

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

In addition, once we have started with loans over $150,000 you’ll 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

With the busy Christmas time fast approaching, a clothes store needed working capital to purchase more inventory and benefit from discounts from suppliers. 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
When they purchased a pizza place and two liquor stores 6-to 12 months ago, the new owners were looking for additional funds. The overall revenue was $500k per month. They were able to obtain $300K. This was then split as $100K for each store using an option of both 24 and 36 months. There was no security on the owners' houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
A gym that was operating for over three years was looking to expand and required additional equipment. With a monthly turnover of $37K they borrowed $72K over a month period. No security was needed for the loan and it was settled in the span of 24 hours.
Gym
A business coach wanted to invest in a health and beauty business. With just under 12K in revenue per month the company was able to borrow $24K over 24 months. The loan required the submission of 12 months' bank statements and was done in only 8 hours.
Business Coach
An interior designer had noticed an opportunity to expand 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. Turnaround time for them was just 2 days and all they had for them to present the required documents were twelve months' bank statements IRD confirmation, as well as trust deed.
Interior Designer

Unsecured Business Loan Point Cook VIC 3030

The lending landscape has changed

With traditional and bank lenders increasing their credit requirements as well as the continuous stream of alternative and non-bank loan providers entering the market offers an excellent source to tap into.

Point Cook SME’s are now being able to get finance from alternative lenders who service Point Cook who are focused on enabling company expansion or smoothing out cash flow challenges. In the past, the personal sources of credit (drawing equity from a home loan, or using credit cards or personal loans, as well as loans) provided the most viable alternative financing services in Point Cook that were around.

There’s not a need to rely on using real estate to secure business lending. With an unsecured loan business funding is made simple. Instead of a term loan with a bank, business finance for a small business with interest rates and loan terms that aid to manage cash flow are available as business loans.

 

 

High level summary

Separate personal and business debt

There are many advantages associated with the separation of personal and business debt.

  • Your home or other investments, aren’t tethered for access to funds
  • This business will be in better position to build its own, clear credit history
  • It’s much more straightforward for tax time
  • Businesses are able to easily review their cash flow, monitor and plan based on their ability to clearly assess their cash flow position

Reduce your risk, make tax time much easier. Get started with an unsecure business loan, apply today.

For those who like the detail

Separate personal and business debt

Risk

One big drawcard for keeping your individual and business assets separate will be the fact that your home isn’t required to be tied to allow access to the funds. In the case of a business loan within Point Cook up to $100K the security of assets won’t be needed as in the event that the borrower has met their loan obligations.

Credit history

Businesses are in a more favourable long-term position if they are able to demonstrate credit/debt capacity to pay.

Tax

Separating personal and business finances makes it much more straightforward with regards to tax time - particularly when identifying what is the tax-deductible amount. The IRD has set out guidelines for the documentation required for claiming deductions on a business’s tax return. This is a subject that the IRD has advised specifically on.

Cash flow

Effective management of cash flows is essential to the long-term success of any business. By maintaining personal as well as company finances separate, companies can easily view how they are performing, monitor and plan on the ability to clearly examine their cash flow.

I'm now able hire a marketing professional to increase the success of my business to the next stage of business growth.
Growing Business
Business loans, in particular one that is an unsecured business loan or line of credit for business financing need never be an tense procedure. Business finance in the form in the form of small business loans with an interest rate and repayment period that will suit your business cash flow.
Business Lenders for Business Goals
I'm able to get my tax back on time.
Small Business Owner
Business credit rates and repayment terms as well as flexible repayment options to meet what your company requirements.
Business Lending Options
I'm now able fund the fitout of our modern Point Cook resturant without having to take cash from other locations.
Point Cook Resturant Owner
Simple loan application procedure that comes with a high limit on borrowing, no credit criteria and no need to present a business plan. Do not 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 beverages for customers using the best equipment.
Cafe Owner
I'm now able to go on time off knowing that the Point Cook company will run without a hitch.
Local Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Information About The Point Cook Small Business Loans

Let me know how you are able to avail the Point Cook Small Business Loans

Point Cook unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow friendly repayments which can be made daily or weekly.

How is this Unsecured Loan different from an traditional company loan?

Apply for the Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive a same day response and the funds could be in your account within 24 hours. Traditional company loans reference an interest rate per annum plus other fees and charges. Our business loan is a loan that is priced upfront and you’ll know in advance the total amount to be paid, including any fees, charges or charges. This is then broken down into either a daily or weekly payment amount.

What could you use the Small Business Loan be used for?

The Small Business Loan can be used for nearly every company use, including managing cash flows, company remodels and marketing for purchasing inventory or new equipment, or as general working capital and much more. The loan cannot be used for personal purposes.

About the Larger Point Cook Business Loans

What is the Larger Point Cook Business Loan?

The Larger Business Loan is a larger loan size to support business growth opportunities. Loans are between $100,000 and $500,000 with a fixed-term up to 36 months. Repayments are either weekly or fortnightly depending on your situation.

How’s the Origination Fee determined?

This Larger Business Loan has an Origination Fee that is calculated at 2.5 percent 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 have been trading for at least 3 years, and have an annual income of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.

How can the funding be used for?

A Larger Business Loan can be used to fund almost any company reason, such as business remodeling, buying equipment or inventory or 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 necessary to obtain funding above $150,000. It’s as a result of an charge on assets, which could also include registration on the PPSR or making a caveat.

A personal or director’s ensure is a promise to pay off a credit line that is generally based rather than defining security over an asset. The person signing the ensure is personally liable if the business creditor is unable to make the repayment.

The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It records security interests that have been that are registered for personal property (including items or assets). The PPSR permits priority over personal property to be granted in accordance with the date on which a security interest has been registered.

Caveats are legal document filed to offer an official notice of a claim to a property.

What exactly is a preapproval without Credit Check?

If you’re seeking a Larger Business Loan that is greater than $250,000 we can offer an initial pre-approval in order to make the process. We may be able to get this done without a credit verification and within 6 hours of the initial application. This pre-approval is based on an initial evaluation that involves you answering some financial health checks. It is neither an offer nor a guarantee of financing. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer you might receive could be on different conditions.

The application process

Do I qualify for funds?

You may be eligible for an company loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are 18 years or older, have a New Zealand business (with a valid NZBN/IRD)
  • you must prove at least 6 months of business (for the unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K - $500K)

How do I apply?

The application process is simple and easy. Just fill out the online application in few minutes and a dedicated company expert in lending will contact you to guide you through the process.

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

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

$100K to $250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K – $500K: Application details including credit consent, 12 month bank accounts, the IRD statement as well as the two most recent years’ financial statements, plus interim financial statements for the current year including Aged Payables, Aged Receivables summaries.

How fast will I get an answer?

For an unsecured loan ($5K and up) We can usually provide a response in one hour, provided you apply at quality company hours and let us use the advanced bank verification system link to instantly verify your bank information online. If you choose to send us copies of your bank statements , we’ll be able to provide the decision in as little as the span of one company day.

For the Larger Business Loan ($100K to $500K) we may be likely to provide you with conditional pre-approval in around 6 hours. After you’ve signed your pre-approval, turnaround times are between 2 and 3 days for the final approval. However, it could be faster based on the particular circumstances of each application. Certain agreements have been approved within 24 hours.

The quickest method for you to apply is ensure you apply during normal company hours. You can also allow us to use our modern bank verification to instantly check your bank’s information online. If you decide to send us documents from your account statements , it can take a bit longer.

How soon will I receive the money?

For the Small Business Loan ($5K to $100K) We can usually offer a response in one hour – provided you make your application at normal business time and you allow us to use the advanced bank verification system link to immediately verify your bank account information online. If you choose to upload copies of your banking statement, we’ll provide an answer in as little as an business day.

For Larger Business Loans ($100K and up) We may be able to provide you with conditional pre-approval within about 6 hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, it could be faster based upon the circumstances for each application. Some transactions have received approval in less than 24 hours.

The most effective method can be make sure you apply during standard business hours. Also, allow us to use the advanced bank verification system link to check your bank’s information online. If you choose to upload copies of your bank statement, it takes a bit longer.

How much can I borrow?

We provide the loan amount between $5,000 and $500,000. If you apply for a certain amount we will consider a number of factors to determine your well-being of your business and the extent of repayments that your business is able to afford. The amount you receive from your loan will be contingent on the specifics for your company.

If you apply for a set amount, we take into consideration a variety of aspects to assess the well-being that is your business as well as the amount of payments your business can afford. The amount you receive from your loan will depend on the particulars for your business.

Fees & repayments

What is the cost for a business loan?

If you decide to apply for one of our company loans, we will assess the risk assessment for your company and provide an individualised offer including loan amount, term and interest rates. It is a company loan is an upfront cost loan and you’ll know the exact amount to be paid, including any interest rates, fees or charges.

What is the factor that determines the price I am charged?

Interest rates for company loans rates differ based on various variables like the amount to be that is borrowed, what business assets the funds will be used for as well as the field the company operates in, the long the company has been in operation and how long the company has enough cash flow to pay for the loan, and general well-being or creditworthiness of the business.

What are the costs?

There aren’t any hidden charges for our business loans. You’ll know precisely what you need to pay and when, right from the very first day. There’s no compounding interest, and there are no additional charges (as long as you make your payments on time).

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

The Origination Fee is the cost associated with the setting up and management of the loan. The only way to pay this fee if you decide to take the loan. Our Origination Fee is 2.5 percent of the loan amount.

Do I have the option of paying off the loan early?

You can repay the total amount of your loan at any point in time.

If you choose to do this please contact our helpful business lending professionals. We will provide you with details on repayment along with an early payout estimate. It will be calculated using the total of the principal amount remaining plus any accrued interest as of the time of early payout plus 1.5 percent of the principal remaining and any fees that remain unpaid.

How do you make repayments work?

To ensure you do not miss payment dates and to align with your cash flow general, we provide repayments either daily or weekly. These are automatically withdrawn from the nominated business account.

Security & privacy

Will my data be secure?

The security of your personal information, as well as knowing how we collect information, use it, and exchange it, as well as safeguard your data, is of paramount importance and is a crucial element of our relationship with you.

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

Yes. We utilise industry-recognised encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 certified for our dedication to the security of our customers as well as their privacy. We make use of an advanced bank verification system link to immediately verify your bank account details online, allowing us to offer an immediate response.

About business loans

What is asset-based borrowing (a secured loan)?

Asset-based borrowing occurs when a company owner makes use of an asset they own to make the funds for a loan. The asset may be an individual property, such as the family home or a company asset such as a truck as well as a piece of machine.

The majority of banks, even the big banks, tend to guarantee loans against an asset. If you have trouble paying back the loan then your asset may be offered for sale by the lender. In essence it is the process of securing additional financing using the value of what you already own.

Are I need security to get a company loan?

Up to $150,000 in loans the requirement for asset security is not required in advance to gain access to the funds but we do need a personal guarantee. In the event that you fulfill the terms of your loan (as stipulated in your loan contract document) Asset security will never be needed. For loans of over $150K typically, you will need a personal ensure and security is provided in the form of an asset charge.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction websites or auction houses
  • Debt purchasers or debt collection companies
  • Direct marketing including direct-mail, mail order, fundraising, telemarketing etc.
  • Financial lenders and institutions
  • {Firearm related businesses
  • Foreign currency exchange offerings
  • Customs clearing houses and freight forwarding
  • Business involved with gambling
  • Not-for-profit organisationsincluding charities, churches etc
  • Panel beaters & smash repairers
  • Pawnbrokers & pawn shops
  • Property developers
  • Investment business, shares or stockbrokers
  • Tattoo studios
  • Taxi or ridesharing services
  • Ticket resellers and entertainment sales
  • Tow truck services
  • Used car companies
  • Car glass tintingfirms
  • Vehicle dismantlers

We can’t assist with an unsecure business loan in the above industries, we might be able assist by providing secured business loan.

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Unsecured Business Loans

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1300 931 835