Unsecured Business Loans Grafton NZ

Today, You'll Be Getting Ready For Success WithThe Help Of a Grafton Business Loan

Unsecured Business Loans Grafton

A Grafton unsecured business loan is simple and quick to get. Apply for a loan quickly and start using the funds to grow your business.

  • Could additional funds assist your business in working capital, or in achieving the opportunity for growth?
  • What is the financing strategy you are using to fund your company requirements?

You can expect:

  • Easy to apply to be approved and receive cash as quickly as tomorrow
  • Optionally no reayments in the first four weeks
  • Amount of loan from $5k up to $500K
  • Terms ranging from 3-36 months
  • Competitive rates of interest rates
  • Minimal docs

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

Call Now 0800 510 025
I'm now able to hire a marketing professional to boost my business to the next step.
Growing Grafton Business
I'm now able fund the construction of our newly constructed Grafton resturant without having draw cash from other ones.
Grafton Resturant Owner
I'm now able to prepare coffee for my customers with the best equipment.
Cafe Owner
Business loans, particularly one that is an unsecured business loan or line of credit to business financing need never be an stressfull process. Business finance is in the form in the form of small business loans with an interest rate cost, and with a repayment schedule that will suit your company budget.
Business Lenders for Business Goals
Business loans with interest rates and repayment conditions, and flexible repayment options that can be tailored to the requirements of your business needs.
Business Lending Options
I'm able to get my tax back on track.
Small Business Owner
An easy loan application process with a generous borrowing limit, minimal requirements for credit and no need to submit a business plan. Stop using your personal credit card and business credit cards to fund your company.
Unsecured Loans Made Simple
I'm now able to go on an extended vacation knowing that I am confident that my Grafton company will run smoothly.
Local Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for business loans in Grafton company loan in Grafton with us is easy and takes just a few minutes, no long lines of paperwork or waiting in line.

Receive approval and funds in 1 – 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our focus is to assist Grafton businesses of all types, whether small, medium or solopreneurs to access quick funding so that they can take advantage of loans to expand and develop.

  • It begins with an easy online application or a phone call
  • Flexible repayment terms to suit your company
  • Fast and quick funding within a single day or two days
  • A team that wants to see you succeed as well as you business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for obtaining an unsecured business loan in Grafton of between $5K and $100K is fairly low.

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

Need more funds? Review the guidelines for eligibility for our $100K-$500K business loan.

Here's How Other People Have Benefited

Examples of Business Loans

An interior designer had spotted an opportunity to grow their business and required working capital to fund this growth. With monthly revenue of $300K they borrowed $250K over 24 months. The turnaround time was only two days and all they needed to provide was 12 months of bank statement IRD confirmation, as well as trust deed.
Interior Designer
When they purchased a pizza place and 2 liquor stores 6-12 months earlier the new owners were looking for additional funds. The combined revenue was over $500K per month and they could borrow $300K. This was then split as $100K for each store using an option of both 24 and 36 month terms. No security over the owners houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A restaurant owner wanted to open a second location and needed money to fund the renovation. The bank was not willing to help. Typical monthly revenue for them was $50K. They borrowed $66K in 24 months. The turnaround time was just 8 hours.
Restaurant Owner
The owner of a modest grocery store making $70K a month borrowed $76K over a 24-month term , without making any repayments for the first 4 weeks. This had a requirement of 12 months' bank statements. The turn around time was 6 hours from submitting the application to receiving the money.
Grocery Store Small Business Loan
The busy Christmas season was coming up, a store selling clothing needed working capital to buy more stock and take advantage of the discount offered by suppliers. They borrowed $20K over 12 months, with no security of assets required. They received the money in just 24 hours.
Clothing Store
Simple eligibility checklist

Larger Grafton Business Loan Eligibility Criteria

The eligibility requirements of loans from larger Grafton company loans of between $100K and $500K consist of:

  • A minimum of 3 years of business
  • At least $700K in annual income
  • Be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification proof
  • You should have an account with a New Zealand bank as your primary account for trading
  • Bank statements from the previous 6 months
  • Some financial statements like Profit & Loss and the Aged Accounts Payable and Receivable

Looking for a smaller amount of money? Take a look at the eligibility requirements for our $5K to $100K Grafton unsecured company loans.

Business Lending for a Cash Injection

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

A Grafton unsecured loan is ideal for virtually any business purpose. Get in touch with us today.

  • Remodel or expand commercial spaces
  • Grow the team during busy times
  • Increase stock quantities to keep up with demand
  • Develop a new website, or enhance your marketing
  • Make sure you invest in new tools, equipment or the latest technology
  • Make sure you have extra stock on hand to meet the seasonal demand
  • Control cash flow fluctuations
  • Plus lots more …

Do you want to begin one of these options as early as tomorrow? Then get in touch with us or apply online now for the quickjest fasted way.

Quick application checklist

What do you need to apply

All that’s required to get started is your contact details (company name and your name, as well as email or phone number), how much you’d like to lend, and your monthly revenue.

During the process and before settlement we will need confirmation of who you are but not to get started:

  • Information on Idenfication (valid Driver’s License)
  • Business information including trading times as well as ownership information and the NZBN (New Zealand Business Number)

In addition, once we have started, for loans over $150,000 you will also need the following financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Here's How Others Have Benefited

Examples of Business Loans

A business coach was looking to invest in the health and cosmetics business. With just under $12K in monthly revenues the business was able to borrow $24K over 24 months. This required twelve months worth of statements and was done in 8 hours.
Business Coach
The owner of a restaurant wanted to open a second restaurant and required funds to installation. Their bank wasn't interested in helping. Their typical monthly earnings was $50K, and they were able borrow $66K over 24 months. The turnaround time was just 8 hours.
Restaurant Owner
An interior designer saw an opportunity to expand their business and required working capital to fund this expansion. With an annual revenue of $300K they borrowed $250K in 24 months. The time to turn around for them was just 2 days and all they had for them to provide is 12 months' worth of Bank statement IRD confirmation, as well as their trust deed.
Interior Designer
With the busy holiday season fast approaching, a clothes store required working capital in order to finance additional inventory and benefit from the discount offered by suppliers. They were able to borrow $20K for 12 months without collateral for their assets, and they had the funds in 24 hours.
Clothing Store
A plumber who's had business for 3 years with $80K in monthly sales was looking for more funding. They borrowed $153K over 36 months. All that was required was 12 months of bank statement and confirmation of the loan's status with IRD. The process was completed within one day, and the plumber was able to access their working capital in their account in a matter of hours.
Plumber

Unsecured Business Loan Grafton NZ 1023

The lending landscape has changed

With traditional lenders and banks restricting credit, the steady stream of non-bank and alternative loan providers entering the market offers the perfect source to take advantage of.

Grafton SME’s are now able to access finance through alternate lenders servicing Grafton who are focused on facilitating business growth or smoothing out the cash flow problems. In the past individual credit providers (drawing equity from the house loan, or using credit cards or personal loans, as well as overdrafts) was the sole alternative financing services within Grafton that were available.

There’s not a requirement in the present to depend on real estate to secure company loans. With an unsecured loan, business funding is made simple. Instead of a term loan with banks, 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 many advantages associated in separating personal from business debt.

  • Your home or other investments, aren’t tied up for access to funds
  • The company will be in stronger position to create its own credit history
  • It is significantly more seamless at tax time
  • Businesses can easily assess how they are performing, monitor and plan on their ability to clearly determine their cash flow position

Reduce your risk, make tax time simpler, start with an unsecure loan for business, 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 company assets separate will be the fact that your home does not have to be tied to allow access to the funds. If you’re looking for a small business loan within Grafton up to $100K, asset security will not be required so long as the borrower meets their loan obligations.

Credit history

Businesses are in a more stable long-term position when they can demonstrate good credit/debt serviceability.

Tax

Separating personal and business financial accounts makes it more straightforward when it comes to tax time, particularly when determining what is the tax-deductible allocation. The IRD has set out guidelines on the proof required to be able to claim deductions on a company’s tax return. This is an area where the IRD has advised specifically on.

Cash flow

Effective management of cash flows is crucial to the long-term viability in any business. By keeping your personal finances and business finances distinct, companies can easily view, monitor and plan based on the ability to clearly determine their cash flow status.

I'm now able to prepare the coffee I serve my clients using the very best equipment.
Cafe Owner
I can get my tax back on track.
Small Business Owner
I'm now able employ a marketer to help me take my company to the next stage of business growth.
Growing Business
An easy loan application process that comes with a high loan limit, with minimal credit criteria and no need to create a business plan. Don't use your personal credit card and business credit card to fund your business.
Unsecured Loans Made Simple
Business loans with interest rates and repayment conditions, and flexible repayment options to meet what your business needs.
Business Lending Options
I'm now able to finance the renovation of our modern Grafton resturant without having to take cash from other ones.
Grafton Resturant Owner
Business loans, particularly those that are unsecured business loan or line of credit to business funding need never be an difficult procedure. Finance for a business in the shape of small business loans at a fixed interest rate cost, and with a repayment term that fits the needs of your company cash flow.
Business Lenders for Business Goals
I'm now able take time off knowing that my Grafton 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 Grafton Small Business Loans

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

Grafton unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow friendly repayments which can be made daily or weekly.

What makes what makes the Unsecured Loan different from the traditional business loan?

You can apply for the Small Business Loan in under 10 minutes via the internet or over the phone, receive a same day response and have the funds on your account within 24 hours. Traditional company loans reference an interest rate per annum plus other fees and charges. The 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. Then, it is broken down into either a daily or weekly payment amount.

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

The Small Business Loan can be used to fulfill almost every company purpose including the management of cash flow, company improvements, advertising to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used for personal purposes.

Concerning Larger Grafton Business Loans

What is the Larger Grafton Business Loan?

The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans range from $100,000 to $500,000 for a fixed period of with a maximum of 36 months. Repayments are weekly or fortnightly in order to accommodate the flow of cash.

How’s the Origination Fee calculated?

It is important to note that the Larger Business Loan has an Origination Fee, determined at 2.5% of the loan amount.

Am I eligible for the Larger Business Loan?

To be eligible for a credit in this amount the company needs to be in operation for at least 3 years and generate an annual revenue of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand company (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.

What can the funds be used for?

A larger company loan can be used for nearly all business reason, such as business renovations, purchase of inventory or new equipment as well as for general working capital, and much more. The loan is not available for personal purposes.

Is the Larger Business Loan one that requires security?

Asset security is necessary to obtain funding above $150,000. This can be done by taking a charge over assets, and may be registered with the PPSR or making a caveat.

A director’s or personal guarantee is a commitment to repay a loan which is generally in nature rather than stating the security of a specific asset. The person who signs the guarantee is personally responsible if the business lender is not able to make the repayment.

The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It reflects security interests registered in respect of personal property (including goods or assets). The PPSR gives preference over private property assigned according to the date the security interest has been registered.

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

What is a pre-approval without Credit Check?

If you’re seeking a Larger Business Loan of more than $250K we can offer an initial pre-approval in order to smooth out the process. We may 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 the answer to a series of financial health checks. This is in no way an offer, nor is it a guarantee of finance. Acceptance without condition is subject to a full credit assessment and any offer that you may receive may be subject to different terms.

Application process

Do I have the right to receive funds?

You can apply for an company loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are over the age of 18 and have a New Zealand company (with a valid NZBN/IRD)
  • you must demonstrate at minimum 6 months of business (for a unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K up to $500K)

How do I apply?

The application process is simple and easy. Simply complete the online form within a couple minutes, and an experienced business expert in lending will call you to assist you.

To apply for up $100,000, you’ll require proof of identity (valid Driver’s Licence) along with a valid NZBN/IRD as well as at least 6 months of bank statements.

For larger loan sizes, you’ll need:

$100K to $250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Details of the application, including credit consent as well as 12 months bank statement, an IRD statements, last 2 years finalised financial statements, and interim financials from the current financial year as well as Aged Payables and Receivables Summary.

How quickly will I receive a decision?

For an unsecured loan ($5K to $100K) we typically offer a response in one hour – as long as you make your application at quality company time and allow us to utilise the advanced bank verification system to immediately verify your bank account information online. If you opt to upload copies of your bank statements we can provide the decision in just the span of one business day.

For Larger Business Loans ($100K or more) we might be likely to provide the conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval form, it will take about 2-3 days for final approval, however it could be faster based upon the circumstances for each application. Some offers have been approved within the space of 24 hours.

The quickest method would be to ensure you apply during normal business hours, and allow us to use the advanced bank verification system link to instantly verify your bank account information online. If you decide to send us copies of your bank statements it takes a bit longer.

How soon will I receive the cash?

For the Small Business Loan ($5K or more) We can usually offer a response in one hour – provided you submit your request during standard business time and allow us to make use of the advanced bank verification system to immediately verify your bank account information online. If you want to submit copies of your bank statements, we’ll be able to provide a decision in just the span of one business day.

For Larger Business Loans ($100K to $500K) we may be able to provide you with conditional pre-approval in around six hours. Once you have signed the pre-approval form, it will take around 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Certain deals have been approved in less than 24 hours.

The fastest way can be ensure you apply during normal business hours. Also, allow us to use the modern bank verification link to check your bank’s information online. If you send us documents from your account statements, it may take a bit longer.

How much can I borrow?

We offer loans that range from $5,000 to $500,000. When you make an application for a specific amount we will consider a number of variables that determine how much we can lend you well-being of your company and the amount of payments your business can support. The total amount of the loan will be determined by the specific circumstances the business.

When you submit an application for a set amount, we take into consideration a variety of variables to assess your well-being of the business as well as the amount of payments your business will be able to support. The amount you receive from the loan will be determined by the specific circumstances of your company.

Fees & repayments

What is the cost for an business loan?

When you make an application for one of our business financing, we’ll assess the risk profile for your business and offer you with a customised offer that includes the amount of loan, the term and interest rates. The company loan is an upfront priced loan therefore you will be aware of the total amount due, which includes any interest rates, fees or charges.

What is the basis for the rate I am charged?

Interest rates for company loans rates differ based on various factors like the amount of money that is borrowed, what business assets the funds are used to purchase as well as the field the company is in, how long the business has been in operation as well as whether the business has sufficient cash flow to support the loan, and general health as well as creditworthiness business.

What are the fees?

There aren’t any hidden costs with our company loans. You’ll know precisely what you’ll be required to pay, and when, right from the very first day. There’s no compounding and there are no additional charges (as long as you are able to make your payments in time).

We do not charge an Application Fee. You are able to apply for a loan with no cost upfront or the obligation to take action.

The Origination Fee covers the expenses involved with setting up 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 amount of the loan.

Can I repay the loan earlier?

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

If you do decide to take this route, please talk to one of our helpful company loan specialists. They’ll provide you with the details of your repayment along with an early payout estimate. It will be calculated using the sum of the principal remaining and any accrued interest at the time of early payment in addition to 1.5% of the remaining principal plus any outstanding fees.

How do repayments work?

To ensure you do not miss repayments and to fit in your cash flow cycle we provide repayments either weekly or daily. These are automatically withdrawn from your business account.

Security & privacy

Will my data be secure?

Security of your data, and making it clear how we collect information, use it, and exchange it, as well as secure your information, is crucial and is an essential part of our relationship you.

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

Yes. We utilise industry-recognised encryption standards to secure your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our commitment to security for our clients and privacy. We employ an exceptionally sophisticated bank verification system link to immediately verify your bank account information online, allowing us to offer a fast response.

About business loans

What exactly is an asset-based loan (a secured loan)?

Asset-based borrowing is when an company owner uses assets they own to secure the funds for a loan. The asset could be an individual property, such as the family home or a company asset like a truck or other piece of machinery.

The majority of the lenders including the major banks, prefer to guarantee loans against assets. If you have trouble paying back the loan, your asset may be sold by the lender. In essence it is a way of securing new financing using the worth of the asset you already have.

Should I require security for an business loan?

For loans that exceed $150,000, it is not necessary to secure assets prior to the loan’s access but we do require an individual guarantee. As long as you follow your loan commitments (as stated in your loan contract document) and you are able to meet your obligations, asset security will never be required. For loans that exceed $150,000, generally, you can get an individual ensure and security in the form the charge of assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction houses or auction websites
  • Debt purchasers and debt collection firms
  • Direct marketing such as telemarketing, fundraising, mail order, direct-mail etc.
  • Financial institutions or lenders
  • {Firearm dealers
  • Foreign currency exchange services
  • Freight forwarding and customs clearing houses
  • Business involved with gambling
  • Non-profit organisationsincluding charities, churches etc
  • Smash repairers and panel beaters
  • Pawn shops and pawnbrokers
  • Property development
  • Shares, stockbrokers or investment businesses
  • Tattoo studios
  • Ridesharing and taxi services
  • Entertainment sales & ticket resellers
  • Towing services
  • Secondhand vehicle dealers
  • Automotive glass tinting
  • Car dismantlers

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

Unsecured Business Lending NZ Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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Apply Now

Contact Us

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0800 510 025