Unsecured Business Loans Templestowe VIC

In The Next Few Hours, You Could Be All Set For Success With a Templestowe Business Loan

Unsecured Business Loans Templestowe

A Templestowe unsecured business loan is easy and quick to obtain. Request a quick approval and begin using the money in your business.

  • Could additional funds assist your company with working capital or to realise a growth opportunity?
  • What are the best ways to finance your company requirements?

What to expect:

  • Simple process to apply to be approved and receive funds as soon as tomorrow
  • No reayments are permitted in the first four weeks
  • From $5k to $500K in loans
  • Terms ranging from 3-36 months
  • Competitive interest rates
  • Minimal documentation needed

The eligibility requirements for an unsecured business loan for a company loan Templestowe are fairly minimal.

Call Now 1300 931 835
Simple loan application procedure with a generous borrowing limit, minimal requirements for credit and there is no need to present a business plan. Stop using your personal credit card or company credit cards as a way to fund your business.
Unsecured Loans Made Simple
I'm now able to prepare beverages for clients using the best equipment.
Cafe Owner
I can now fund the remodel of our brand fresh Templestowe resturant without having to borrow cash from other restaurants.
Templestowe Resturant Owner
I'm now able to go on an extended vacation knowing that it is safe knowing that Templestowe business will run well.
Local Business Owner
Business business loans, interest rates and repayment terms, as well as flexible repayment options to meet the needs of your business needs.
Business Lending Options
I'm able to get my tax back on time.
Small Business Owner
Business loans, in particular one that is an unsecured business loan or line of credit for business funding require to not become a stressful process. Business finance is in the form of small business loans that have an interest rate and repayment time that is suitable for your business cash flow.
Business Lenders for Business Goals
I'm now able to hire a marketing expert to take my business to the next stage.
Growing Templestowe Business
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for an business loans for business in Templestowe with us is easy and takes just about a couple of minutes, there are no mountains of paperwork or queues.

Approved and receive money within 1 to 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our goal is to assist Templestowe companies of all sorts small, medium even solopreneurs to access quick funding so that they can make use of the loan to build and expand their business.

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

Small Business Loan Eligibility Criteria

The eligibility requirements for an unsecured business loan in Templestowe of between $5K to $100K are quite minimal.

  • The minimum period of 6 months for which you must be in business
  • A minimum of $6,000 in revenue per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or Driver’s License for evidence of identity
  • You should have a New Zealand bank as your principal trading account
  • Bank statements from the last 6 months

Are you looking for additional funding? Review the guidelines for eligibility for our $100K-$500K business credit.

Here's How Others Have Benefited

Examples of Business Loans

The busy Christmas season was fast approaching, a clothes store needed working capital to finance additional stock and also benefit from discounts 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
A gym that was running for more than three years wanted to grow and needed more equipment. With a monthly income of $37K, they borrowed $72K over a month period. The loan was not secured for the loan and it was compelted in only 24 hours.
Gym
The owner of a modest supermarket that was making $70K a month borrowed $76K over a 24-month period with no repayments during the initial 4 weeks. This had a requirement of 12 months' bank statements. The turn around time was 6 hours from the time of application until receiving the funds.
Grocery Store Small Business Loan
A business coach wanted to invest in an health and cosmetics company. With a little over 12K in revenue per month they borrowed $24K in 24 months. The loan required twelve months worth of statement and was done in only 8 hours.
Business Coach
When they purchased a pizza shop and two liquor stores 6-12 months earlier, the new owners were seeking more funds. The overall revenue was $500K per month . The owners were able to borrow $300K. This was then split as $100K per store with two different 24 and 36 month terms. No security over the owners houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
Simple eligibility checklist

Larger Templestowe Business Loan Eligibility Criteria

The criteria to be eligible of loans from larger Templestowe company loans of between $100K to $500K comprise:

  • A minimum of 3 years of business
  • At least $700K of annual revenue
  • Be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification
  • You should have an account at a New Zealand bank as your principal account for trading
  • Bank statements from the last six months
  • Some financial statements such and Profit & Loss, and aged accounts Payable and Receivable

You are looking for a lesser amount of capital? Look over the conditions for eligibility for our $5K-$100K Templestowe unsecured business loans.

Business Lending for a Cash Injection

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

A Templestowe unsecured loan is ideal for virtually any company use. Call us now.

  • Renovate or expand commercial spaces
  • Grow the team for busy periods
  • Grow stock levels to keep pace with demand
  • Make a brand new website or increase your marketing
  • Consider investing in new equipment, tools or the latest technology
  • Buy extra stock to meet the seasonal demand
  • Manage cash flow fluctuations
  • Plus lots more …

Do you want to start working on one of these idea as quickly as tomorrow? Get in touch with us or send your application online to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All that’s needed to start is your contact information (the name of your company, your name, email and phone) along with the amount you’d like to borrow, and your monthly revenue.

Through the process and before settlement we’ll need confirmation of who you are, but not for starting:

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

After we start with loans greater than $150,000 you’ll need fundamental financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

The busy Christmas season was nearing, a clothing store required working capital in order to fund extra stock and take advantage of discounts offered by suppliers. They secured $20K over the course of 12 months without security for assets and received the money in just 24 hours.
Clothing Store
After purchasing a pizza store and 2 liquor stores six to 12 months prior, the new owners were seeking additional funds. The revenue total was greater than $500K per month . The owners were able to borrow $300K, split out as $100K per store with the option of 24- and 36 month terms. There was no security on the owners' houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A gym that was in operation for more than 3 years decided to increase its size and was in need of 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 the span of 24 hours.
Gym
A company coach was seeking to invest in an well-being as well as beauty company. With just over $12K in monthly revenues, they borrowed $24K over 24 months. The loan was based on twelve months worth of statement and was done in 8 hours.
Business Coach
A designer for interiors had seen an opportunity to grow their company and needed working capital to finance the growth. With a monthly income of $300K, they borrowed $250K over the course of 24 months. The time to turn around for them was only 2 days, and all they needed to provide were 12 months worth of banking statement IRD confirmation, as well as their trust deed.
Interior Designer

Unsecured Business Loan Templestowe VIC 3106

The lending landscape has changed

With traditional lenders and banks tightening credit conditions and the constant stream of alternative and non-bank loan providers that are entering the market offers a great resource to make use of.

Templestowe SME’s are now able to access finance through alternative lenders that service Templestowe who are focused on enabling business expansion or smoothing out problems with cash flow. In the past, when the personal sources of credit (drawing equity from the house loan, or by using credit cards in addition to personal loans and credit cards) was the sole alternative funding solutions in Templestowe that were around.

There is now there is no requirement for you to depend on using real estate to secure business lending. With an unsecured loan business financing is easy. Instead of a term loan through a bank, business finance for an SME with interest rates and loan terms that can help in cash flow are available as business lending options.

 

 

High level summary

Separate personal and business debt

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

  • Your home or other investments, aren’t tied up in order to access funds
  • It is the company stands in stronger position to create its own credit history
  • It is significantly more straightforward during tax time
  • Businesses can easily assess, monitor and plan based on being able to easily assess their cash flow position

Lower your risks, make your tax time easier, get started with an unsecure busines loan. Make an application today.

For those who like the detail

Separate personal and business debt

Risk

One big drawcard for keeping your personal and company assets separate is that your home isn’t required to be tied to allow access to the funds. If you’re looking for a small business loan in Templestowe up to $100K, asset security will not be required as long as the borrower meets the loan requirements.

Credit history

Businesses will be in a favourable long-term position if they are able to demonstrate credit/debt ability to service.

Tax

Separating personal and company finances makes it significantly more seamless when it comes to tax time, particularly when determining the tax-deductible allocation. The IRD has outlined the guidelines for the documentation required to claim deductions on an organisation’s tax return. This is an area where the IRD have specifically advised on.

Cash flow

Effective management of cash flows is essential to the longevity in any company. Through maintaining personal as well as company finances distinct, companies can easily view, monitor and plan based on the ability to clearly assess their cash flow position.

I'm now able employ a marketing expert to boost my business to the next step of business growth.
Growing Business
Business loans, especially one that is an unsecured business loan or line of credit to business financing require not be a tense process. Business finance can be in the form of small business loans at an interest rates and repayment schedule that will suit the requirements of your business cash flow.
Business Lenders for Business Goals
I'm able to get my taxes back on time.
Small Business Owner
Business business loans, interest rates and repayment terms, as well as flexible repayment options to suit what your business needs.
Business Lending Options
I can now fund the fitout of our new Templestowe resturant without having to take cash from other restaurants.
Templestowe Resturant Owner
Simple loan application procedure with a huge amount of borrowing capacity, a low credit criteria and there is no requirement to submit a business plan. Stop using your personal credit card and company credit card to fund your business.
Unsecured Loans Made Simple
I'm now able make coffee for my customers with the very best equipment.
Cafe Owner
I can now take an extended vacation knowing that my Templestowe company will run effortlessly.
Local Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Templestowe Small Business Loans

Tell me more about Templestowe Small Business Loans

Templestowe unsecured loans provides amounts between $5,000 and $100,000. The terms range between 3 and 24 months and cash flow-friendly repayments that are either daily or weekly.

What is this Unsecured Loan different from the traditional business loan?

It is imaginable to apply to get this Small Business Loan in under 10 minutes over the phone, receive an instant response and funds may be in your account in 24 hours. Traditional business loans refer to an annual interest rate as well as other fees and charges. Our business loan is a cash-based loan and you’ll be aware in advance of the total amount payable including any fees, charges or charges. This is then broken down into a daily or weekly installment amount.

What can the Small Business Loan be used for?

The Small Business Loan can be used for nearly every company use, including control of cash flow company renovations, marketing to purchase inventory, new equipment, as general working capital and much more. The loan is not available for personal use.

About larger Templestowe Business Loans

What is the Larger Templestowe Business Loan?

The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans are between $100,000 and $500,000 over a fixed term that can last up to 36 months. Repayments are either weekly or fortnightly depending on your cash flow.

How’s the Origination Fee calculated?

This Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the loan amount.

Am I eligible for the Larger Business Loan?

To be eligible for a loan in this amount, your company needs to be trading for at least 3 years and have an annual turnover 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 demonstrate at minimum 12 months of business.

How can the funding be used for?

A large business loan can be used for almost every company reason, such as company improvements, purchasing 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 to access funding over $150,000. This can be done as a result of an charge on assets and can include registering this with the PPSR or filing as a caveat.

A personal or director’s guarantee is a commitment to pay back a loan that is general in nature rather than defining the security of a specific asset. The person who is signing the ensure is personally liable in the event that the company the borrower fails to make the repayment.

The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including objects or assets). The PPSR grants the priority of personal property granted according to the date a security interest has been registered.

The caveat can be described as a formal document lodged to offer the legal claim on a property.

What is a pre-approval minus Credit Check?

If you’re seeking larger company loans that is greater than $250,000 we can offer a preliminary pre-approval to help simplify the process. We might be able to do this without a credit check, and within six hours of your initial application. This pre-approval is made based on an initial evaluation that involves you answering a few financial well-being checks. This is in no way an offer, nor is it a guarantee of credit. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer you receive could be subject to different conditions.

The application process

Do I have the right to receive funds?

You are eligible to apply for a company 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 the unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K or $500K)

How do I apply?

The application process is simple and easy. Simply complete the online form within a couple minutes, and a dedicated company lending specialist will contact you to help you.

To apply for up $100,000 you’ll need identification details (valid Driver’s License) and a valid NZBN/IRD and at least six months of bank statements.

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

$100K-$250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K-$500K: Application details including credit consent and 12 months bank statement, an IRD statements Last 2 years’ finalised financial statements, in addition to interim financials for the current financial year including Aged Payables, Aged Receivables reports.

How fast will I get an answer?

For an unsecured loan ($5K or more) we usually offer an answer in just one hour if you apply during quality business timings and permit us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you choose to upload copies of your banking statements we can provide an answer in as little as an company day.

For the Larger Business Loan ($100K to $500K) we could be able to provide you with pre-approval conditional to your application within six hours. After you’ve signed your pre-approval form, it will take between 2 and 3 days for the final approval, however this may be quicker depending on the specifics of each application. Certain agreements have been approved in 24 hours.

The quickest way to apply is to make sure you apply during standard business hours and allow us to use our advance bank verification link to check your bank’s information online. If you choose to send us duplicates of your banking statement, it will take a little longer.

How quickly will I receive the cash?

For the Small Business Loan ($5K up to $100,000) we usually provide an answer within an hour, provided you submit your request in normal business times and you allow us to use the bank verification system link to instantly verify your bank information online. If you opt to upload copies of your banking statements we can offer an answer in just 1 business day.

If you are applying for Larger Business Loans ($100K up to $500,000) We may be likely to provide you with pre-approval conditional to your application in around six hours. Once you have signed the pre-approval, the turnaround time is around 2-3 days for final approval, however this could be shorter based upon the circumstances for each application. Some offers have been approved within just 24 hours.

The fastest way can be ensure you apply during normal business hours, and permit us to use the modern bank verification to verify your bank information online. If you choose to send us documents from your account statement, it will take a little longer.

What’s the minimum amount I can borrow?

We offer loan amounts between $5,000 and $500,000. When you submit an application for a particular amount, we look at a variety of elements in order to assess what is the health that is your company as well as the amount of the repayments your company will be able to support. The amount you receive from the loan will be determined by the particular circumstances the business.

When you make an application for a particular amount, we will consider a number of factors to assess your well-being that is your business and the extent of repayments that your business will be able to support. The amount you receive from your loan will depend on the specific circumstances that are unique to your company.

Fees & repayments

How do you charge for the cost of a company loan?

If you decide to make an application for the company financing, we’ll assess the risk assessment that you have for your business and provide you with a tailored offer that includes the amount of loan, the term and the interest rates. This business loan is an upfront-priced loan so you will know in advance the total amount payable including any charges, interest rates or fees.

What is the factor that determines the price I will be charged?

Business loan interest rates depend on a variety of variables like the amount to be that is borrowed, what company assets the funds will be used for in addition to the industry that the company operates in, how long the company has been running, whether the business has sufficient cash flow to support the loan, and also the general health and creditworthiness of the business.

What are the costs?

There aren’t any hidden charges for our business loans. You’ll know exactly how much it is that you be required to pay and when, starting from the very first day. There’s not any compounding interest and no extra fees (as as long as you pay your payments in time).

We do not charge an Application Fee. You can request a credit loan with no cost upfront or commitment to apply.

The Origination Fee covers the expenses involved with setting up and managing the loan. The only way to pay this fee if you decide to take the loan. The Origination Fee for us is 2.5 percentage of the amount of the loan.

Can I repay the loan earlier?

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

If you are deciding to take this route, please speak to our friendly business lending professionals. We will provide you with details on repayment as well as an early payout amount. This is calculated as the sum of the principal remaining and accrued interest to the time of early payment and 1.5 percent of the remaining principal as well as any outstanding fees.

How do you make repayments work?

In order to help you avoid missing due dates and also to be in line with your cash flow cycle we offer repayments that are either daily or weekly. These are automatically withdrawn from your business account.

Security & privacy

Will my data be protected?

Security of your data, and being clear about how we collect data, process, exchange and safeguard your data, is of huge importance and is an essential element of our relationship with you.

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

Yes. We use industry recognised encryption standards to secure your personal, sensitive financial information and our funders are ISO 27001 qualified for our commitment to security for our clients and security. We employ a highly sophisticated banking verification system to instantly verify the bank account details online, allowing us to offer an immediate response.

About business loans

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

The term "asset-based" refers to borrowing where an company owner utilises an asset that they own to get a loan. The asset may be an asset belonging to the personal, like the family home or it could be a business asset like a truck or other piece of machinery.

The vast majority of lending institutions, even the banks with the biggest size, prefer to guarantee loans against assets. If you are having difficulty paying back the loan, the asset could be transferred to the lender. In essence it is means of securing new financing making use of the value of what you already have.

Are I need security to get an company loan?

For loans that exceed $150,000, the requirement for asset security is not required before you can access the money, however we do require a personal guarantee. As long as you follow the terms of your loan (as stipulated in your loan contract document) and you are able to meet your obligations, asset security will never be needed. For loans of over $150,000 generally, there is personal guarantee and security in the form of the charge of 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 such as telemarketing, fundraising, mail order, direct-mail etc.
  • Finance lenders or institutions
  • {Firearm related businesses
  • Foreign currency exchange solutions
  • Freight forwarding & customs clearing houses
  • Business involved with gambling
  • Non-profit organisations, charities, churches etc
  • Smash repairers and panel beaters
  • Pawn shops or pawnbrokers
  • Property developers
  • Stockbrokers, shares &invesment businesses
  • Tattoo palours
  • Ride sharing or taxi services
  • Ticket resellers or entertainment sales
  • Towing services
  • Secondhand automotive dealers
  • Vehicle glass tintingfirms
  • Automotive dismantlers

While we aren’t able to help with an unsecured business loan for those industries, we might be able assist with secured business loan.

Melbourne Small Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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1300 931 835