Unsecured Business Loans South Bank VIC

In The Next Few Hours, You Could Be On The Right Track To Success With a South Bank Business Loan

Unsecured Business Loans South Bank

A South Bank unsecured business loan is easy and quick in applying for. Approve your loan in a matter of minutes and begin using the money to grow your business.

  • Would extra funds help your business in working capital, or to realise a growth opportunity?
  • How do you finance your business needs?

What you can expect:

  • Simple process to apply to be approved and receive cash as quickly as tomorrow
  • Optionally no reayments in the initial 4 weeks
  • The range of borrowing is from $5k to $500K.
  • Terms from 3 to 36 months
  • Competitive rates of interest prices
  • Minimal documentation

The conditions for eligibility for an unsecured business loan for a business loan South Bank are fairly minimal.

Call Now 1300 931 835
A simple loan application process with a generous loan limit, with minimal requirements for credit, and no requirement to create a business plan. Stop using your personal credit card or company credit cards in order to finance your company.
Unsecured Loans Made Simple
I can now make coffee for my clients with the very best equipment.
Cafe Owner
I am now able to fund the construction of our new South Bank resturant without having to pull cash from the other resturants.
South Bank Resturant Owner
I'm now able to go on an extended vacation knowing that my South Bank business will run effortlessly.
Local Business Owner
Business credit rates and repayment terms and flexible repayment options to fit what your company requirements.
Business Lending Options
I'm able to get my taxes back on track.
Small Business Owner
Business loans, particularly an unsecured business loan or line of credit to business financing need to not become a difficult procedure. Finance for a business in the shape of small business loans at an interest rates and repayment period that fits your business cash flow.
Business Lenders for Business Goals
I'm now able to hire an experienced marketer to help me take my business to the next step.
Growing South Bank Business
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for the business credit within South Bank with us is easy and takes just less than a minute, with no long lines of paperwork or waiting in line.

Receive approval and cash within 1 to 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We want to assist South Bank companies of all kinds, including medium, small and even solopreneurs to access quick funding so that they can utilise the loan to expand and develop.

  • It starts with an easy online application, or phone call
  • Flexible repayment terms that can be tailored to your business
  • Quick funding in a day or two days
  • A team wanting both you and your company to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for getting an unsecured business loan in South Bank of between $5K and $100K are fairly minimal.

  • At least 6 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 License for proof of identity
  • Have a New Zealand bank as your primary account for trading
  • Bank statements for the last 6 months

Looking for more funding? Check out the guidelines for eligibility for our $100K to $500K business financing.

Here's How Others Have Benefited

Examples of Business Loans

With the busy Christmas season approaching, a clothing store needed additional working capital to purchase more inventory and benefit from discounts offered by suppliers. They were able to borrow $20K for 12 months without collateral for their assets, and they had the funds in less than 24 hours.
Clothing Store
A gym that was going for nearly 3 years, was planning to expand and required additional equipment. With an average monthly revenue of $37K they borrowed $72K over a 24- month period. No security was needed to secure the loan. It was ready in just 24 hours.
Gym
The owner of a modest grocery store making $70K a month borrowed $76K over a 24-month period with no repayments for the first 4 weeks. This was contingent on 12 months of bank statements. Turnaround time was just 6 hours from submitting the application to receiving the money.
Grocery Store Small Business Loan
A business coach was seeking to invest in an health as well as beauty business. With a little over $12K in monthly revenue they borrowed $24K in 24 months. This only required twelve months worth of statements and was completed in just 8 hours.
Business Coach
When they purchased a pizza place and 2 liquor stores 6-12 months earlier, the new owners were looking for additional cash. The revenue total was greater than 500K per month. They were able to obtain $300K. The loan was split into $100K for each store using two different 24 and 36 month terms. There was no security on the owners' homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
Simple eligibility checklist

Larger South Bank Business Loan Eligibility Criteria

The requirements for eligibility to be eligible for loans from larger South Bank business loans of between $100K and $500K include:

  • A minimum of 3 years of business
  • A minimum of $700K annually in revenue
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for proof of identity
  • You should have a New Zealand bank as your principal account for trading
  • Bank statements from the last 6 months
  • Some financial statements like Profit & Loss, and aged accounts Payable and Receivable

Do you need a smaller amount of money? Look over the conditions for eligibility for our $5K to $100K South Bank unsecured company loans.

Business Lending for a Cash Injection

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

A South Bank unsecured loan is perfect to use for any company purpose. Call us now.

  • Remodel or expand commercial properties
  • Staff expansion for busy times
  • Boost stock quantities to keep up with demand
  • Develop a new website, or enhance your marketing
  • Make sure you invest in new equipment, tools , or the latest technology
  • Purchase extra stock to cover the seasonal demand
  • Manage cash flow fluctuations
  • And many more …

Do you want to start working on one of these options as early as tomorrow? Contact us or apply online now for the quickjest fasted way.

Quick application checklist

What do you need to apply

All you need to start is your contact information (the name of your company and your name, as well as email, phone) as well as the amount you’d like to borrow, and your monthly earnings.

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

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

Additionally after we get started when it comes to loans greater than $150,000 you will also need the following 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 holiday season approaching, a clothing store required additional working capital to fund extra stock and also benefit from the discount offered by suppliers. They borrowed $20K over 12 months with no collateral for their assets, and they had the funds in less than 24 hours.
Clothing Store
When they purchased a pizza restaurant and two liquor stores six to 12 months earlier, the new owners needed additional funds. The overall revenue was 500K per month. They could have borrowed $300K. This was then split as $100K per store on a mix of 24 and 36 month terms. No security over the owner's houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A gym that was in operation for more than 3 years was looking to expand and needed additional equipment. With a monthly income of $37K, they borrowed$72K over a 24 month period. There was no security requirement for the loan and it was ready to go within the span of 24 hours.
Gym
A company coach was looking to invest in the well-being and cosmetics company. With just over twelve thousand dollars in monthly income they borrowed $24K in 24 months. The loan was based on 12 months of bank statement and was completed in less than 8 hours.
Business Coach
A designer for interiors had seen an opportunity to increase the size of their business and required working capital in order to finance this growth. With an annual revenue of $300K they borrowed $250K over 24 months. The turnaround time was only 2 days, and all they had to present is 12 months' worth of Bank statements IRD confirmation, as well as trust deed.
Interior Designer

Unsecured Business Loan South Bank VIC 3006

The lending landscape has changed

With traditional and bank lenders tightening their credit terms The steady flow of non-bank and alternative loan providers that are entering the market offers an incredible source to access.

South Bank SME’s are now able to access finance through alternative lenders who service South Bank who are focused on enabling company expansion or smoothing out problems with cash flow. In the past, private credit options (drawing equity from the home loan, or by using credit cards or personal loans, as well as the overdraft) provided the most viable alternative financing services in South Bank that were available.

There’s an end to the requirement of having to rely on using real estate to secure business credit. With an unsecured loan, business funding is made simple. Instead of a term loan with the bank, business finance for a small business with interest rates and loan terms that aid with cash flow is around as business loans.

 

 

High level summary

Separate personal and business debt

There are numerous benefits with the separation of personal and company debt.

  • Your home, or other investmentsaren’t tied to allow access to funds
  • It is the business will be in stronger position to create its own, clear credit history
  • It’s substantially more straightforward for tax time
  • Businesses can easily view their cash flow, monitor and plan based on being able to easily evaluate their cash flow situation

Reduce your risk, make your tax time simpler, start with an unsecure busines loan, apply today.

For those who like the detail

Separate personal and business debt

Risk

One of the main benefits of keeping your business and personal business assets separate is that your home isn’t tied to access the funds. If you’re looking for a small business loan within South Bank up to $100K, asset security will not be required so long as the borrower fulfills their loan obligations.

Credit history

Businesses are in a more favourable long-term position if they have a good credit or debt ability to service.

Tax

A separation between personal and business finances makes it more seamless when it comes to tax time - particularly when determining the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has laid out guidelines for the documentation required to be able to claim deductions on a business’s tax return. This is an area where the IRD have specifically advised on.

Cash flow

A well-organised cash flow management system is vital to the long-term survival for any company. By maintaining personal as well as company finance separate, companies can easily view their cash flow, plan and monitor it based on their ability to accurately examine their cash flow.

I'm now able hire a marketing expert to increase the success of my company to the next step of business growth.
Growing Business
Business loans, especially one that is an unsecured business loan or line of credit for business financing require never be an stressful process. Business finance is in the form of small business loans that have an interest rates and repayment period that is suitable for your business cash flow.
Business Lenders for Business Goals
I'm able to get my taxes back on time.
Small Business Owner
Business loan interest rates and repayment conditions, and flexible repayment options to suit you business needs.
Business Lending Options
I can now fund the remodel of our brand new South Bank resturant without having to borrow cash from other locations.
South Bank Resturant Owner
A straightforward loan application process with a large borrowing limit, minimal credit criteria and no need to provide a business plan. You no longer need to use your personal credit card and business credit cards as a way to finance your business.
Unsecured Loans Made Simple
I'm now able make the coffee I serve my clients using the best equipment.
Cafe Owner
I'm now able take time off knowing that it is safe knowing that South Bank company will run well.
Local Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

More about the South Bank Small Business Loans

Let me know how you can avail the South Bank Small Business Loans

South Bank unsecured loans provides the range of $5,000 to $100,000. Terms range from 3 and 24 month and cash flow friendly repayments which can be made daily or weekly.

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

The application to get the Small Business Loan in under 10 minutes online or over the phone. You’ll get an instant response and funds may be available in just 24 hours. Traditional business loans refer to an interest rate per annum along with other charges and fees. Our company loan is a cash-based loan therefore you’ll be aware of the amount you will have to pay, including any fees, charges or charges. Then, it is broken down into either a daily or weekly installment amount.

What could be the Small Business Loan be used for?

It is a Small Business Loan can be used for almost any business reason, such as managing cash flows, business remodeling, marketing to purchase inventory, new equipment, to fund general working capital and so much more. The loan is not available for personal reasons.

Concerning Larger South Bank Business Loans

What is the Larger South Bank Business Loan?

The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans range between $100,000 and $500,000 for a fixed period of for up to 36 months. Repayments are either weekly or fortnightly depending on the flow of cash.

How’s the Origination Fee determined?

It is crucial to note that the Larger Business Loan has an Origination Fee which is calculated at 2.5 percent of the amount of the loan.

Can I get the Larger Business Loan?

In order to be eligible for a loan in this amount the business needs to be operating for a minimum of 3 years and generate an annual revenue of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own 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 Larger Business Loan can be used for almost any business need, including business remodeling, buying equipment or inventory, as general working capital and much more. The loan is not available for personal reasons.

Is the Larger Business Loan one that requires security?

Asset security is necessary for accessing funds over $150,000. This is as a result of an charge on assets, and could be registered in the PPSR or the registration of as a caveat.

A director’s or personal guarantee is a promise to repay credit that is general in nature, rather than specifying the security for a particular asset. The person who signs the ensure is personally responsible if the company lender is not able to re-pay the debt.

The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including the assets or goods). The PPSR grants priority over personal property to be granted according to the date a registration of a security interest.

The caveat can be described as a formal form of document to offer the public notice of a legal claim against a property.

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

If you’re requesting an enterprise loan of $250,000 or more we can offer an initial pre-approval in order to simplify the process. We may be able to apply for this without a credit check and within 6 hours of the initial application. This pre-approval is made based on an initial assessment that includes you answering some financial well-being checks. It is in no way an offer, nor is it a guarantee of credit. Unconditional approval is subject to an extensive credit evaluation and any offer that you receive could be based on different terms.

The application process

Can I be eligible for funding?

You can apply for a business loan if you;

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

How do I apply?

The application process is fast and simple. Simply complete the online form in few minutes and a dedicated company lending specialist will contact you to help you.

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

For larger loan sizes, you’ll require:

$100K-$250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Details for application including credit consent and 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, and interim current financial year financials including Aged Payables, Aged Receivables reports.

How fast will I get an answer?

For an unsecured loan ($5K to $100K) we usually provide an answer within an hour, provided you make your application in quality business times and you allow us to make use of the advanced bank verification system to instantly verify your bank information online. If you want to send us copies of your bank statements , we are able to provide a decision within an company day.

For the Larger Business Loan ($100K and up) we might be in a position to offer you with conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this could be shorter based on the specifics of each application. Certain deals have been approved within just 24 hours.

The most effective method is to make sure you apply during standard business hours. Also, allow us to use the advanced bank verification system to instantly verify your bank account information online. If you opt to upload documents from your account accounts, it can take a bit longer.

How quickly will I receive the cash?

For the Small Business Loan ($5K and up) we usually provide a response in one hour – provided you apply within standard business hours and allow us to use the bank verification system link to instantly verify your bank details online. If you want to upload copies of your banking statements we can offer the decision in as little as 1 business day.

If you are applying for Larger Business Loans ($100K up to $500,000) We may be able to offer you with a conditional pre-approval in around 6 hours. Once you’ve signed your pre-approval, the turnaround time is around 2-3 days for final approval, however it could be faster based on the circumstances of each application. Certain deals have been approved in less than 24 hours.

The quickest method is to make sure you apply during standard business hours. Also, allow us to use the advance bank verification link to instantly confirm your bank details online. If you decide to upload duplicates of your banking accounts, it may take a bit longer.

What’s the minimum amount I can borrow?

We offer loans that range from $5,000 and $500,000. If you apply for a certain amount, we look at a variety of factors that determine how much we can lend you health that is your company and the extent of repayments that your business can support. The amount you receive from your loan will depend on the particular circumstances the business.

When you apply for a set amount, we take into consideration a variety of variables to assess the well-being that is your business as well as the amount of the repayments your company can afford. The amount you receive from your loan will be contingent on the particulars that are unique to your company.

Fees & repayments

How much should you charge for an company loan?

If you decide to apply for one of our company financing, we will assess the risk assessment that you have for your company and offer you with a customised offer that includes the loan amount, the terms and the interest rates. A business loan is an upfront cost loan and you’ll be aware of the total amount you will have to pay, including charges or interest.

What is the basis for the rate I will be charged?

The interest rates on company loans rates vary due to factors like the amount of money borrowed, what business assets the money will be used for in addition to the industry that the business operates in, how long the business has been in operation, whether the company has enough cash flow to fund the loan, as well as the general health and creditworthiness of the company.

What are the fees?

There aren’t any hidden charges with our business loans. You’ll be aware of the amount it is that you be required to pay and when, starting from the very first day. There’s not any compounding interest and there are no additional charges (as as long as you pay your payments in time).

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

The Origination Fee covers the costs associated in establishing and managing the loan. The only way to pay this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5% of the amount of loan.

Can I repay the loan in advance?

You can choose to repay all of your loan at any point in time.

If you decide to take this route, please speak to our friendly business credit experts. We will provide you with details on repayment and an early payment figure. It will be calculated using the total of the remaining principal amount and accrued interest to the date of early payout plus 1.5% of the principal amount remaining as well as any outstanding fees.

What are the repayment methods?

To ensure that you don’t miss repayments and to fit in your cash flow schedule, we offer repayments either weekly or daily. They will be automatically deducted from your nominated business account.

Security & privacy

Will my data be secure?

Protecting your information, and making it clear the ways we gather data, process, exchange and safeguard your data, is vital and is a crucial aspect of our relationship with you.

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

Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to customer security and privacy. We utilise a sophisticated bank verification system to immediately confirm your bank account information online. This allows us to offer a fast response.

About business loans

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

Asset-based borrowing is when an company owner utilises the assets they have to make a loan. The asset can be a personal asset like the family home or an business property like a truck as well as a piece of machine.

The majority of banks, not just the major banks, prefer to guarantee loans against assets. If you’re having trouble paying back the loan, then the asset could be taken over by the lender. In essence, it is the process of securing new financing making use of the value of what you already have.

What do I require security to secure a business loan?

For loans of up to $150,000, the requirement for asset security is not required prior to the loan’s access however, we require a personal guarantee. need an individual guarantee. In the event that you fulfill the loan terms (as stated in the loan contract) and you are able to meet your obligations, asset security is not needed. For loans that exceed $150K, typically, you will need personal ensure and security that is in the form the charge of assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites and auction houses
  • Debt purchasers and debt collection agencies
  • Direct marketing including telemarketing, fundraising, mail order, direct-mail etc
  • Financial lenders and institutions
  • {Firearm related businesses
  • Foreign currency exchange services
  • Customs clearing houses & freight forwarding
  • Business involved with gambling
  • Not-for-profit organisationsincluding charities and churches etc
  • Panel beaters & smash repairers
  • Pawnbrokers and pawn shops
  • Property developers
  • Investment business, shares and stockbrokers
  • Tattoo studios
  • Ridesharing or taxi services
  • Ticket resellers or entertainment sales
  • Tow truck services
  • Used vehicle dealerships
  • Automotive glass tintingservices
  • Car dismantlers

Although we cannot assist with an unsecure business loan for the above industries, we might be able to assist you with 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