Unsecured Business Loans Greenlane NZ

If You Do This Today, You'll Be Getting Ready For Success With a Greenlane Business Loan

Unsecured Business Loans Greenlane

A Greenlane unsecured business loan is simple and quick to apply for. Get a quick apporval and begin using the money to grow your company.

  • Do you think that additional funds could help your company with working capital or to realise an opportunity to grow?
  • What are the best ways to finance your company requirements?

What you can expect:

  • Easy process to fill out and receive approval and cash as quickly as tomorrow
  • Optionally , no reayments during the first 4 weeks
  • From $5k to $500K in loans
  • Terms ranging from three to thirty-six months
  • Competitive rates of interest rates
  • Minimal documentation needed

The eligibility requirements for an unsecured business loan in Greenlane are fairly minimal.

Call Now 0800 510 025
I'm now able make coffee for my customers using the best equipment.
Cafe Owner
I am now able to fund the remodel of our brand modern Greenlane resturant without having to take cash from other resturants.
Greenlane Resturant Owner
I can now hire a marketing specialist to help me take my business to the next step.
Growing Greenlane Business
A seamless loan application process with a large amount of borrowing capacity, a low requirements for credit and there is no requirement to submit a business plan. Don't use your personal credit card or business credit cards as a way to fund your business.
Unsecured Loans Made Simple
Business loans, specifically an unsecured unsecured business loan or line of credit for business funding need never be an stressfull procedure. Business finance in the form in the form of small business loans at a fixed interest rates and repayment time which is compatible with the requirements of your company cash flow.
Business Lenders for Business Goals
I'm able to get my taxes back on time.
Small Business Owner
I'm now able to go on an extended vacation knowing that my Greenlane company will run smoothly.
Local Business Owner
Business credit rates and repayment terms and flexible repayment options that can be tailored to you company needs.
Business Lending Options
Unsecured Business Loan Service Provider

Fast Approval Process

The process of applying for business loans in Greenlane business loans in Greenlane with us is easy and takes just about a couple of minutes, there are no lengthy forms or lines.

Receive approval and money within 1 – 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our focus is to assist Greenlane businesses of all types, whether small, medium or entrepreneurs to obtain funds quickly so that they can take advantage of loans to expand and grow.

  • It starts with an easy online application or a phone call
  • Flexible terms for repayment to fit your company
  • Fast funding within a day or two days
  • We want both you and your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for obtaining an unsecured business loan in Greenlane 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)
  • Drivers Licence or Passport for identification proof
  • Use a New Zealand bank as your main trading account
  • Bank statements from the past six months

Are you looking for additional funding? Check out the conditions of eligibility for our $100K to $500K business loans.

Here's How Others Have Benefited

Examples of Business Loans

An interior designer saw an opportunity to expand their company and required working capital to finance this expansion. With monthly revenue of $300K they borrowed $250K over 24 months. The turnaround time was only 2 days, and all they needed for them to present were 12 months worth of banking statement along with IRD confirmation and their trust deed.
Interior Designer
The owner of a modest grocery store doing $70K a month borrowed $76K over a 24 month period, with no payments during the initial 4 weeks. This had a requirement of 12 months' bank statements. The time to turn around was just six hours from the time of application until receiving the money.
Grocery Store Small Business Loan
When they purchased a pizza store and 2 liquor stores 6-12 months earlier, the new owners were looking for more funds. The total revenue of the two stores was more than $500k per month. They were able to borrow $300K. This was then split as $100K for each store using the option of 24- and 36 month terms. No security over the owners houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A gym that had been going for nearly 3 years, was planning to expand and needed additional equipment. With monthly revenue of $37K they borrowed $72K over a month period. No security was required for the loan and it was compelted in the span of 24 hours.
Gym
A company coach was seeking to invest in a well-being as well as beauty business. With just over twelve thousand dollars in monthly income the company borrowed $24K over 24 months. This only required 12 months of bank statements and was completed in just 8 hours.
Business Coach
Simple eligibility checklist

Larger Greenlane Business Loan Eligibility Criteria

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

  • Minimum of 3 year’s experience 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 License for evidence of identity
  • Have an account with a New Zealand bank as your primary account for trading
  • Bank statements for the last six months
  • Some financial statements like Profit & Loss as well as Aged Accounts Payable and Receivable

Looking for a smaller amount of funding? Find out the conditions for eligibility for our $5K to $100K Greenlane unsecured company loans.

Business Lending for a Cash Injection

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

A Greenlane unsecured loan is perfect for almost every company reason. Talk to us today.

  • Renovate or expand commercial properties
  • Grow the team during busy times
  • Increase stock quantities to meet demand
  • Develop a new website, or improve your marketing
  • Invest in new tools, equipment or new technologies
  • Buy extra stock to meet the seasonal demand
  • Control cash flow fluctuations
  • Plus lots more …

Want to get started on one of these projects as soon as tomorrow? Contact us or apply online now to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All that is needed to start is your contact information (company name, your name, email, phone) as well as the amount you’d like to borrow as well as your monthly income.

While in the process and before settlement we will need confirmation of your identity, however, not in order to begin:

  • Idenfication details (valid Driver’s License)
  • Details of the company 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)

After we start in the process, for loans greater than $150,000 you’ll also require the following financial statements:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

An interior designer saw an opportunity to expand their business and needed working capital to finance this expansion. With an annual revenue 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 had for them to provide the required documents were twelve months' bank statements IRD confirmation, IRD confirmation and trust deed.
Interior Designer
A gym that was in operation for more than 3 years, was planning to expand and needed additional equipment. With a monthly income of $37K, they borrowed $72K over a 24 month period. The loan was not secured and the loan was compelted in 24 hours.
Gym
The owner of a restaurant wanted to open another restaurant and needed funding to fit out. The bank was not willing to help. Their typical monthly earnings was $50K and they were able to get a loan of $66K over 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
When they purchased a pizza store and 2 liquor stores 6-12 months prior, the new owners were seeking additional cash. The overall revenue was $500k per month. They were able to borrow $300K. The loan was split into $100K for each store using two different 24 and 36 months. No security over the owners houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
With the busy holiday season coming up, a store selling clothing needed additional working capital to buy more inventory and to take advantage of discounts from suppliers. They were able to borrow $20K for 12 months, with no asset security required and had the funds within 24 hours.
Clothing Store

Unsecured Business Loan Greenlane NZ 1051

The lending landscape has changed

With banks and traditional lenders restricting credit and the constant stream of non-bank and alternative loan providers that are entering the market provides an excellent source to tap into.

Greenlane SME’s are now able to access finance through alternate lenders servicing Greenlane who are focused on facilitating company expansion or smoothing problems with cash flow. In the past, when private credit options (drawing equity from the house loan, or using credit cards, personal loans and the overdraft) could be the best alternative funding solutions in Greenlane that were available.

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

 

 

High level summary

Separate personal and business debt

There are many benefits in separating personal from business debt.

  • Your home or other investmentsaren’t tied for access to funds
  • It is the business has a more favourable position to create its own, clear credit history
  • It’s considerably more straightforward during tax time
  • Companies can quickly view, monitor and plan based on being able to clearly examine their cash flow status

Reduce your risk, make the tax process easier, get started with an unsecure loan for business. Get it today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your business and personal company assets apart 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 Greenlane up to $100K asset security won’t be needed as long as the borrower fulfills the loan requirements.

Credit history

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

Tax

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

Cash flow

Effective management of cash flows is vital to the long-term viability for any business. By keeping personal and company finances distinct, companies can easily view, monitor and plan based on the ability to effectively assess their cash flow position.

I'm now able to finance the fitout of our fresh Greenlane resturant without having to take cash from other locations.
Greenlane Resturant Owner
I'm now able take an extended vacation knowing that I am confident that my Greenlane business will run without a hitch.
Local Business Owner
I can now hire an experienced marketer to help me increase the success of my company to the next level of business growth.
Growing Business
I can now make the coffee I serve my clients with the very best equipment.
Cafe Owner
Business loans, particularly one that is an unsecured business loan or line of credit to business financing require have no difficult procedure. Finance for a company in the shape in the form of small business loans at an interest rate cost, and with a repayment schedule that is suitable for your company financial needs.
Business Lenders for Business Goals
A simple loan application process with a huge loan limit, with minimal credit criteria and no requirement to submit a business plan. Stop using your personal credit card or business credit card to finance your company.
Unsecured Loans Made Simple
I'm able to get my taxes back in order.
Small Business Owner
Business loan interest rates and repayment terms as well as flexible repayment options to meet what your company needs.
Business Lending Options
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Information About The Greenlane Small Business Loans

Tell me about the Greenlane Small Business Loans

Greenlane unsecured loans offers the range of $5,000 to $100,000 with terms between 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.

What makes this Unsecured Loan different from an traditional company loan?

The application for your Small Business Loan in under 10 minutes online or on the phone. You’ll receive an immediate response, and funds may be on your account within 24 hours. Traditional business loans have an annual interest rate as well as other fees and charges. This company loan is an upfront priced loan so you will know in advance the total amount due, which includes any fees, interest or charges. This is then broken down into either a daily or weekly installment amount.

What could be the Small Business Loan be used for?

The Small Business Loan can be used for almost any business reason, such as control of cash flow business renovations, marketing to purchase inventory, new equipment, for general working capital and so much more. The loan cannot be used for personal purposes.

About Larger Greenlane Business Loans

What is the Larger Greenlane Business Loan?

The Larger Business Loan is a larger amount of loan to help business growth opportunities. Loans are between $100,000 and $500,000 with a term fixed for up to 36 months. Repayments are scheduled 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 which is determined at 2.5 percent of the amount of the loan.

Can I get the Larger Business Loan?

To be eligible for a loan in this amount the business needs to be operating for at least three years, and have an annual income of at least $700,000. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand company (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.

How can the funds be used for?

A Larger Business Loan can be used to fund almost all company need, including company remodeling, buying equipment or inventory for general working capital, and much more. The loan cannot be used for personal purposes.

Is the Larger Business Loan a secured loan?

Asset security is necessary for accessing funds over $150,000. This can be done as a result of an charge over assets and can include the registration of this with the PPSR or filing a caveat.

A personal or director’s ensure is a guarantee to pay back a loan that is generally based rather than stating the security of a specific asset. The person who signs the ensure is personally liable in the event that the business lender is not able to pay back 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 objects or assets). The PPSR gives preference over private property assigned according to the date a security interest has been registered.

Caveats are legal form of document to provide the public notice of a legal claim against a property.

What is a pre-approval minus Credit Check?

When you’re applying for larger business loans that is greater than $250K we can offer a preliminary pre-approval to help simplify the process. We may be able to apply for this without a credit check and within six hours of your initial application. This pre-approval is made based on a preliminary assessment which includes answering a couple of financial health checks. This is in no way an offer, nor is it a guarantee of funds. Acceptance without condition is subject to an extensive credit evaluation and any offer that you receive could be on different conditions.

Application process

Are I eligible for funding?

You are eligible to apply for a company loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are 18 years or older, own a New Zealand business (with a valid NZBN/IRD)
  • can demonstrate at least 6 months’ worth of transactions (for for the unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K - $500K)

How do I apply?

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

To apply for up $100,000, you’ll need proof of identity (valid Driver’s License) and an active NZBN/IRD, and at least six months worth of bank statements.

For larger loan sizes, you’ll require:

$100K – $250K: Details of application, including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K – $500K: Application details including credit consent twelve month bank accounts, the IRD statement Last 2 years’ finalised financial statements, in addition to interim current financial year financials such as age-related payables and aged Receivables summaries.

How fast will I get a decision?

For an unsecured loan ($5K to $100K) We can usually offer a response in one hour, provided you make your application at quality business times and permit us to make use of the advanced bank verification system to instantly verify your bank details online. If you choose to upload copies of your banking statement, we’ll provide a decision in as little as 1 business day.

For the Larger Business Loan ($100K up to $500,000) we might be able to provide you with a conditional pre-approval in around six hours. Once you have signed the pre-approval, turnaround times are around 2-3 days for final approval, however this could be shorter based on the circumstances of each application. Certain offers have been approved within less than 24 hours.

The quickest method can be ensure you apply during normal company hours and allow us to use our advance bank verification to instantly verify your bank information online. If you choose to upload the copies of bank accounts, it takes a bit longer.

How fast will I get the money?

For the Small Business Loan ($5K up to $100,000) we typically offer an answer within one hour if you submit your request in standard business hours and you allow us to make use of the advanced bank verification system to instantly verify your bank information online. If you want to submit copies of your bank statements, we’ll be able to provide a decision within 1 business day.

For the Larger Business Loans ($100K and up) we might be in a position to offer you with a conditional pre-approval within about 6 hours. Once you’ve signed your pre-approval document, you will need to wait about 2-3 days for final approval. However, this may be quicker depending on the particular circumstances of each application. Some agreements have been approved within 24 hours.

The most effective method is to make sure you apply during normal business hours, and allow us to use our advanced bank verification system link to instantly check your bank’s information online. If you decide to send us the copies of bank statements it can take a bit longer.

What’s the minimum amount I can borrow?

We offer loans that range from $5,000 and $500,000. When you make an application for a specific amount we consider a variety of aspects for determining what is the health for your company and the extent of payments your business can afford. The amount you receive from the loan will be determined by the specific circumstances that are unique to your company.

When you make an application for a particular amount, we consider a variety of factors to determine your health of the business and the level of payments your business is able to afford. The total amount of the loan will be determined by the particular circumstances for your company.

Fees & repayments

How much should you charge for a business loan?

If you decide to request one of our business loans, we will assess the risk assessment of your business and provide you with a customised offer, including loan amount, term and interest rates. The company loan is a loan that is priced upfront and you’ll know in advance the total amount due, which includes any charges, interest rates or fees.

What determines the amount I will be charged?

The interest rates on business loans rates depend on several variables like the amount to be of money borrowed, the company assets the funds are used to purchase, the industry the company is in, how long the company has been operating, in the event that the business has enough cash flow to fund the loan, and overall health as well as creditworthiness company.

What are the fees?

There aren’t any hidden charges with our company loans, and you’ll know precisely how much you need to pay, and when, starting from day one. There’s not any compounding interest and no extra fees (as long as you are able to make your payments punctually).

We do not charge an application fee. You can apply for a loan with no upfront cost or commitment to apply.

The Origination Fee includes the expenses associated in establishing and managing the loan. You are only charged this fee if you decide to take the loan. The Origination Fee for us is 2.5% of the amount of the loan.

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

You can choose to repay the entire amount of your advance loan at any time.

If you decide to do this please contact our helpful company loans specialists. They’ll offer you with details on repayment and an early payment figure. The figure will be calculated as the sum of the principal remaining and the accrued interest up to the date of early payout in addition to 1.5% of the principal remaining and any outstanding fees.

What are the repayment methods?

In order to help you avoid missing payments and to work your cash flow cycle we offer repayments either weekly or daily. They are automatically deducted from your nominated business account.

Security & privacy

Will my data be protected?

The security of your personal information, as well as making it clear the ways we gather, use, exchange and secure your information, is of paramount importance and is an essential aspect of our relationship with you.

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

Yes. We use industry recognised encryption techniques to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our commitment to security for our clients and security. We use an advanced bank verification system link to immediately verify your bank account information online. This allows 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 borrows from assets they own to secure a loan. The asset can be an asset belonging to the personal, like the family home or a company property like a truck or other piece of machinery.

The vast majority of lending institutions, not just the largest banks, are inclined to make loans secured by an asset. If you are having difficulty paying back the loan then your asset may be transferred to the lender. In essence, it is the process of securing additional financing using the value of what you already have.

Do I require security to secure an business loan?

For loans up to $150K it is not necessary to secure assets in advance to gain access to the funds, however we require a personal guarantee. need an individual guarantee. If you adhere to the terms of your loan (as detailed in the loan contract) the security of assets will never be required. For loans that exceed $150K, generally, there is an individual guarantee and security that is in the form a charge over assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction websites and auction houses
  • Debt purchasers or debt collection agencies
  • Direct marketing such as telemarketing, fundraising, mail order, direct-mail etc
  • Financial institutions and lenders
  • {Firearm dealers
  • Foreign currency exchange solutions
  • Customs clearing houses and freight forwarding
  • Anything gambling related
  • Non-profit organisationsincluding charities and churches etc.
  • Panel beaters & smash repairers
  • Pawn shops and pawnbrokers
  • Property developers
  • Shares, stockbrokers and investment businesses
  • Tattoo studios
  • Taxi or ride-sharing services
  • Entertainment sales or ticket resellers
  • Vehicle towing services
  • Used vehicle companies
  • Automotive glass tintingcompanies
  • Vehicle dismantlers

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

Contact Us

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Fill out the form below or Call Now
0800 510 025