Unsecured Business Loans Mauku NZ

Today, You'll Be Getting Ready For Success With a Mauku Business Loan

Unsecured Business Loans Mauku

A Mauku unsecured business loan is quick and simple in applying for. Approve your loan in a matter of minutes and begin using the money for your business.

  • Are additional funds able to help your company by allowing you to work capital or in achieving the opportunity for growth?
  • What is the financing strategy you are using to fund your business requirements?

What you can expect:

  • It’s easy to apply and get approved and funds as soon as tomorrow
  • No reayments are permitted in the first 4 weeks
  • Amount of loan from $5k up to $500K
  • Terms ranging from 3-36 months
  • Competitive interest rates
  • Minimal docs required

The eligibility requirements for an unsecured business loan within Mauku are fairly minimal.

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I'm now able take an extended vacation knowing that I am confident that my Mauku business will run well.
Local Business Owner
I can get my tax back on track.
Small Business Owner
I'm now able employ a marketing expert to increase the success of my business to the next level.
Growing Mauku Business
I can now fund the renovation of our newly constructed Mauku resturant without having to borrow cash from other resturants.
Mauku Resturant Owner
An easy loan application process with a huge limit on borrowing, no requirements for credit and no need to provide a business plan. Don't use your personal credit card and business credit cards as a way to fund your business.
Unsecured Loans Made Simple
Business loans, especially one that is an unsecured business loan or line of credit to business funding need have no stressfull procedure. Business finance can be in the form of small business loans that have an interest rate and repayment period that will suit the needs of your company financial needs.
Business Lenders for Business Goals
Business loans with interest rates and repayment terms as well as flexible repayment options to fit what your business requirements.
Business Lending Options
I am now able to make coffee for my customers using the best equipment.
Cafe Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for the business loan in Mauku with us is easy and takes just some minutes, without mountains of paperwork or queues.

Receive approval and funds in 1 – 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Mauku businesses of all kinds, from small to medium-sized solopreneurs to access funds quickly so that they can utilise the loan to grow and build.

  • It all starts with a simple online application, or phone call
  • Flexible repayment terms to suit your company
  • Fast cash in just a day or two
  • A team that wants to see you succeed as well as you business to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The eligibility requirements for an unsecured business loan in Mauku of between $5K and $100K are pretty minimal.

  • Minimum of 6 months in business
  • At least $6,000 in income per month
  • You must be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for evidence of identity
  • Use an account with a New Zealand bank as your primary account for trading
  • Bank statements from the previous 6 months

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

Here's How Others Have Benefited

Examples of Business Loans

The owner of a restaurant wanted to open a second establishment and needed funding to renovation. The bank they approached wasn't willing to help. Their typical monthly earnings was $50K, and they borrowed $66K in 24 months. The turnaround time was just 8 hours.
Restaurant Owner
A plumber who's had business for 3 years, with monthly sales of $80K was looking for additional funding. They took out a loan of $153K for the course of 36 months. All that was required was 12 months of bank statements as well as confirmation of the status with IRD. The procedure was completed within just a few hours and the plumber had their extra working capital in ther account soon afterward.
Plumber
The owner of a modest grocery store doing $70K a month borrowed $76K over a 24-month period, with no payments for the first four weeks. The loan required 12 months of bank statements. The turn around time was 6 hours from the time of application until receiving the money.
Grocery Store Small Business Loan
Following the purchase of a pizza restaurant and two liquor stores six to 12 months prior, the new owners were looking for additional cash. The combined revenue was over 500K per month. They were able to borrow $300K and split it into $100K for each store using the option of 24- and 36 months. No security over the owner's houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A gym that had been operating for over three years wanted to grow and needed additional equipment. With an average monthly revenue of $37K they borrowed $72K over a 24 month period. No security was needed for the loan and it was ready in the span of 24 hours.
Gym
Simple eligibility checklist

Larger Mauku Business Loan Eligibility Criteria

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

  • Minimum of 3 years in business
  • At least $700K of annual income
  • Be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as identification
  • Have an account at a New Zealand bank as your main trading account
  • Bank statements from the past six months
  • Some financial statements such and Profit & Loss, and aged accounts Payable and Receivable

Are you looking for a lower amount of money? Check out the eligibility requirements for our $5K to $100K Mauku unsecured business loans.

Business Lending for a Cash Injection

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

A Mauku unsecured loan is perfect to use for every company reason. Get in touch with us today.

  • Add or remodel a commercial premises
  • Staff expansion for busy times
  • Boost stock quantities to meet the demand
  • Make a brand new website or enhance your marketing
  • Consider investing in new equipment, tools or the latest technology
  • Buy extra stock to meet seasonal demand
  • Control cash flow fluctuations
  • Plus lots more …

Do you want to begin one of these options as early as tomorrow? Get in touch with us now or apply online to get the fastest and most effective process.

Quick application checklist

What do you need to apply

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

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

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

Additionally after we get started in the process, for loans that exceed $150,000, you’ll require basic financial statements.

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

A gym that was running for more than three years decided to increase its size and needed more equipment. With a monthly turnover of $37K they borrowed $72K over a 24- month period. The loan was not secured and the loan was ready in 24 hours.
Gym
The owner of a small grocery store that earned $70K per month borrowed $76K over a 24 month period with no repayments during the initial 4 weeks. This was contingent on 12 months of bank statements. The time to turn around was just six hours from submitting the application to receiving the money.
Grocery Store Small Business Loan
After purchasing a pizza restaurant as well as two liquor stores 6-12 months prior, the new owners needed additional funds. The overall revenue was $500K per month and they could borrow $300K. The loan was split into $100K for each store, with two different 24 and 36 months. No security over the owners homes was needed.
Owner of a Pizza Store & 2 Liquor Stores
A restaurant owner wanted to open a second restaurant and needed funding to renovation. Their bank was not interested in helping. Typical monthly revenue for them was $50K and they borrowed $66K in 24 months. The turnaround time was just 8 hours.
Restaurant Owner
With the busy Christmas season nearing, a clothing store required additional working capital to fund extra inventory and benefit from the discount offered by suppliers. They secured $20K over the course of 12 months without security of assets required. They received the money in just 24 hours.
Clothing Store

Unsecured Business Loan Mauku NZ 2678

The lending landscape has changed

With banks and traditional lenders increasing their credit requirements and the constant stream of alternative and non-bank loan providers entering the market provides the perfect source to access.

Mauku SME’s are now capable of accessing finance through alternate lenders servicing Mauku who are focused on facilitating business expansion or smoothing out cash flow issues. 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) were the only alternative financing solutions in Mauku that were available.

There is now not a need for you to depend on real estate to secure business credit. With an unsecured loan business financing is now easy. Instead of a loan for a term with the bank, business finance for a small business with interest rates and loan terms that help with cash flow are available as business loans.

 

 

High level summary

Separate personal and business debt

There are many advantages associated with separating personal and company debt.

  • Your home or other investments, aren’t tethered for the purpose of accessing funds
  • This company stands in much better position to establish its own, solid credit history
  • It’s significantly more seamless when it comes to tax time
  • Businesses are able to easily review the situation, track and plan based on their ability to clearly assess their cash flow position

Reduce your risk, and make tax times simpler, start with an unsecure busines loan. Get it today.

For those who like the detail

Separate personal and business debt

Risk

One of the main benefits of keeping your individual and business assets apart can be that your house does not have to be tied for access to the money. For a modest business loan in Mauku up to $100K asset security won’t be needed as long as the borrower is able to meet their loan obligations.

Credit history

Companies will be in a stable long-term position when they are able to demonstrate credit/debt capability.

Tax

A separation between personal and business finances makes it significantly more straightforward with regards to tax time - particularly when determining what is the tax-deductible amount. The IRD has outlined the rules on the evidence required to be able to claim deductions on the tax return of a company. This is a subject that the IRD has advised specifically on.

Cash flow

A well-organised cash flow management system is vital to the long-term success of any company. Through keeping the personal financial and business finances distinct, companies can easily view their cash flow, plan and monitor it based on the ability to clearly examine their cash flow.

I'm now able fund the fitout of our newly constructed Mauku resturant without having to pull cash from the other ones.
Mauku Resturant Owner
Business loans with interest rates and repayment terms as well as flexible repayment options to fit what your business needs.
Business Lending Options
I'm now able to go on an extended vacation knowing that I am confident that my Mauku business will run effortlessly.
Local Business Owner
Business loans, in particular an unsecured unsecured business loan or line of credit to business financing need to not become a stressfull process. Business finance can be in the form of small business loans that have an interest rates and repayment schedule that is suitable for the needs of your business budget.
Business Lenders for Business Goals
I'm now able make beverages for clients with the best equipment.
Cafe Owner
A simple loan application process with a generous loan limit, with minimal requirements for credit and there is no requirement to submit a business plan. Stop using your personal credit card or company credit card to finance your company.
Unsecured Loans Made Simple
I can now hire a marketer to boost my business to the next level of business growth.
Growing Business
I'm able to get my taxes back on time.
Small Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

More about the Mauku Small Business Loans

Tell me about the Mauku Small Business Loans

Mauku unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 months and cash flow-friendly repayments, which are either daily or weekly.

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

It is possible to apply for the Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get a same day response and the funds could be on your account within 24 hours. Traditional company loans refer to an annual interest rate plus other fees and charges. This company loan is a pre-paid loan and you’ll know in advance the total amount due, which includes the interest, fees and charges. Then, it is broken down into a daily or weekly repayment figure.

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

A Small Business Loan can be used for almost every business reason, such as control of cash flow business remodels and marketing, to purchase inventory or new equipment, or as general working capital and much more. The loan is not available for personal use.

About larger Mauku Business Loans

What is the Larger Mauku Business Loan?

The Larger Business Loan is a larger loan size to support company growth opportunities. Loans are between $100,000 and $500,000 with a fixed-term for up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate the flow of cash.

How’s the Origination Fee determined?

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

Do I qualify for the Larger Business Loan?

To qualify for a loan in this amount, your business needs to have been trading for at least 3 years and have an annual turnover of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able to prove at the least 12 months of operating.

What can I use the funds for?

A Business Loan of a larger size is a great option for almost any company use, including business remodeling, buying new equipment or inventory as well as for general working capital and so much more. The loan cannot be used for personal use.

Is the Larger Business Loan one that requires security?

Asset security is needed to obtain funding above $150,000. It is usually by taking a charge against assets, which could also include registration in the PPSR or registering a caveat.

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

The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It lists security interests that are which are registered with respect to personal property (including the assets or goods). The PPSR permits preference over private property assigned in accordance with the date on which a security interest that is registered.

Caveats are legal document filed to offer notice of a legal claim on 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 may be able to provide an initial pre-approval that will help 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 assessment that includes answering a couple of financial health checks. It’s not an offer or guarantee of financing. A conditional approval is subject an extensive credit evaluation and any offer you receive could be subject to different terms.

Application process

Do I have the right to receive funds?

You may be eligible for a company loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are at least 18 years old, have a New Zealand business (with a valid NZBN/IRD)
  • must show at least six months of trading (for for the 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. Complete the online form in few minutes and a dedicated company loan specialist will call you to guide you through the process.

To apply for up $100,000, you’ll require proof of identity (valid Driver’s Licence), an active NZBN/IRD, and at least 6 months’ worth of bank statements.

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

$100K – $250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Details for application including credit consent twelve months bank statement, an IRD statements, last 2 years finalised financial statements, as well as interim financial statements for the current year as well as Aged Payables and Receivables summary.

How soon will I hear an answer?

For an unsecured loan ($5K to $100K) we usually offer a response in one hour if you make your application within standard company hours and you allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you choose to submit copies of your bank statements we can offer the decision within just one business day.

For Larger Business Loans ($100K or more) we may be able to offer you with a conditional pre-approval in about six hours. After you’ve signed your pre-approval, turnaround times are about 2-3 days for final approval, however this could be shorter based on the circumstances of each application. Some deals have been approved within less than 24 hours.

The quickest way to apply for you to apply is make sure you apply during standard company hours. Also, allow us to use the advance bank verification to instantly verify your bank information online. If you decide to send us copies of your bank statements , it can take a bit longer.

What is the time frame to receive the cash?

For the Small Business Loan ($5K to $100K) we usually offer an answer in just one hour if you submit your request within normal business timings and you allow us to use the advanced bank verification system to instantly verify your bank information online. If you choose to upload copies of your banking statements we can provide an answer in as little as the span of one business day.

For Larger Business Loans ($100K to $500K) we could be able to provide you with conditional pre-approval in around 6 hours. After 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 circumstances of each application. Some agreements have been approved within just 24 hours.

The fastest method is to ensure you apply during standard business hours. Also, allow us to use our advance bank verification to verify your bank account information online. If you decide to send us the copies of bank statement, it can take a bit longer.

How much can I borrow?

We provide loans ranging from $5,000 to $500,000. When you make an application for a specific amount we consider a variety of factors that determine what is the well-being of your business and the level of payments your business can afford. The total amount of the loan will be determined by the particular circumstances for your business.

If you apply for a set amount, we consider a variety of aspects to assess your well-being for your business as well as the amount of payments your company can afford. The total amount of your loan will be determined by the particular circumstances of your company.

Fees & repayments

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

If you decide to request the business financing, we’ll assess the risk profile for your company and provide you with a customised offer including loan amount, term and interest rates. It is a company loan is a loan that is priced upfront therefore you will know in advance the total amount to be paid, including any charges or interest.

What is the factor that determines the price I pay?

Business loan interest rates differ based on various factors like the amount of money borrowed, what business assets the money will be used for in addition to the industry that the company operates in, the long the company has been running, in the event that the business has enough cash flow to pay for the loan, and also the general health or financial standing of the company.

What are the cost?

There aren’t any hidden costs with our business loans. You’ll know precisely how much you’ll need to pay, and at what time, from day one. There’s no compounding and there are no additional charges (as as you make your payments in time).

We don’t charge an Application Fee. You are able to request a credit loan with no cost upfront or commitment to apply.

The Origination Fee includes the expenses associated with setting up and managing the loan. This is only a fee if you decide to take the loan. Our Origination Fee is 2.5 percentage of the amount of loan.

Can I pay off the loan in advance?

You can choose to repay the total amount of your loan in full at any time.

If you choose to do this please talk to one of our helpful business loan specialists. The specialists will offer you with details for repayment and an early payout figure. This will be calculated as the sum of the principal remaining and any accrued interest at the time of early payment and 1.5% of the remaining principal as well as any outstanding fees.

What is the process for repayments?

To ensure that you don’t miss payments and to work your cash flow cycle we offer repayments either weekly or daily. These are automatically withdrawn from your designated business account.

Security & privacy

Will my information be secure?

Security of your data, and making it clear how we collect the information we collect, use, share and safeguard your data, is of huge importance and a vital 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 sensitive, personal financial information and our funders are ISO 27001 qualified for our dedication to protecting the security of clients and privacy. We employ a highly sophisticated banking verification system to immediately verify your bank account details online. This allows us to offer rapid response.

About business loans

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

An asset-based loan is when an business owner borrows from the assets they have to secure a loan. The asset can be a personal asset like the family home, or a company asset such as a vehicle or piece of equipment.

The majority of the lenders even the major banks, prefer to make loans secured by assets. If you have trouble paying back the loan then your assets could be sold by the lender. In essence, it is a way of securing additional financing making use of the value of what you already have.

Do I need security for a company loan?

For loans that exceed $150K, there is no requirement for asset security before you can access the money However, we require a personal guarantee. need a personal guarantee. If you adhere to the loan terms (as stipulated in your loan contract) Asset security is not needed. For loans that exceed $150K, generally, there is personal guarantee and security is provided in the form of an asset charge.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses & auction websites
  • Debt purchasers & debt collection agencies
  • Direct marketers including telemarketing, fundraising, mail order, direct-mail etc
  • Finance lenders & institutions
  • {Firearm dealers
  • Foreign currency exchange offerings
  • Customs clearing houses & freight forwarding
  • Business involved with gambling
  • Not-for-profit organisations, charities, churches etc.
  • Smash repairers or panel beaters
  • Pawn shops or pawnbrokers
  • Property development
  • Shares, stockbrokers or investment businesses
  • Tattoo palours
  • Ridesharing and taxi services
  • Entertainment sales or ticket resellers
  • Towing services
  • Used vehicle companies
  • Vehicle glass tintingcompanies
  • Automotive wrecking yards

Although we can’t help with an unsecured business loan for these types of industries, we may be able assist with 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