Unsecured Business Loans Petone NZ

If You Do This Today, You'll Be On The Right Track To Success WithThe Help Of a Petone Business Loan

Unsecured Business Loans Petone

A Petone unsecured business loan is quick and easy to apply for. Request a quick approval and use the money to grow your business.

  • Do you think that additional funds could help your company in working capital, or to take advantage of the opportunity for growth?
  • What is the financing strategy you are using to fund your business needs?

You can expect:

  • Easy to apply and be approved for money as early as tomorrow
  • Optionally , no reayments during the initial 4 weeks
  • Borrow from $5k to $500K
  • Terms ranging from three to thirty-six months
  • Competitive rates of interest rates
  • Minimal docs

The conditions for eligibility for an unsecured business loan within Petone are fairly minimal.

Call Now 0800 510 025
Simple loan application procedure with a large loan limit, with minimal credit criteria and no requirement to provide a business plan. You no longer need to use your personal credit card and company credit cards as a way to finance your company.
Unsecured Loans Made Simple
I'm now able employ a marketer to increase the success of my business to the next step.
Growing Petone Business
Business loans, specifically an unsecured unsecured business loan or line of credit to business financing need not be a stressfull process. Business finance is in the form in the form of small business loans at an interest rate cost, and with a repayment period which is compatible with the needs of your company cash flow.
Business Lenders for Business Goals
Business business loans, interest rates and repayment terms as well as flexible repayment options that can be tailored to you company requirements.
Business Lending Options
I can now make beverages for customers using the best equipment.
Cafe Owner
I am now able to take an extended vacation knowing that my Petone company will run without a hitch.
Local Business Owner
I can now fund the construction of our newly constructed Petone resturant without having draw cash from other ones.
Petone Resturant Owner
I can get my tax back in order.
Small Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

The process of applying for a business financing for business in Petone with us is easy and takes just some minutes, without long lines of paperwork or waiting in line.

Receive approval and cash within one to two company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our goal is to assist Petone businesses of all kinds, from small to medium-sized soloprenuers to get access to funds quickly so that they can use the loan to build and expand their business.

  • It begins with an easy online application or by phone
  • Flexible repayment terms to meet the requirements of your business
  • Fast funding within a day or two
  • A team wanting to see you succeed as well as you company to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

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

  • At least 6 months in business
  • At least $6,000 of revenue per month
  • You must be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as evidence of identity
  • 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? Find out the eligibility requirements for our $100K-$500K company credit.

Here's How Others Have Benefited

Examples of Business Loans

A gym that was going for nearly 3 years decided to increase its size and required additional equipment. With monthly revenue of $37K they borrowed $72K over a 24 month period. There was no security requirement and the loan was compelted within only 24 hours.
Gym
With the busy Christmas time approaching, a clothing store needed additional working capital to fund extra inventory and to take advantage of a supplier discount. They took out a loan of $20K over a period of 12 months with no asset security required and had the money in just 24 hours.
Clothing Store
An interior designer saw an opportunity to grow their business and required working capital to finance this expansion. With an annual revenue of $300K they borrowed $250K over 24 months. The time to turn around for them was only 2 days, and all they needed to provide is 12 months' worth of Bank statements IRD confirmation, IRD confirmation and their trust deed.
Interior Designer
When they purchased a pizza shop and two liquor stores six to 12 months earlier, the new owners were seeking additional cash. The combined revenue was over $500K per month . The owners could have borrowed $300K. This was then split as $100K per store on the option of 24- and 36 months. No security over the owners houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A business coach wanted to invest in a health and cosmetics business. With just under twelve thousand dollars in monthly income the company borrowed $24K over 24 months. The loan was based on 12 months of bank statements and was done in only 8 hours.
Business Coach
Simple eligibility checklist

Larger Petone Business Loan Eligibility Criteria

The criteria to be eligible in loans from larger Petone company loans of between $100K and $500K consist of:

  • Minimum of 3 years in business
  • At least $700K in annual revenue
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or Driver’s Licence for identification proof
  • You should have an account at a New Zealand bank as your principal trading account
  • Bank statements from the previous 6 months
  • Some financial statements like Profit & Loss, and aged accounts Payable and Receivable

Are you looking for a lower amount of money? Take a look at the eligibility requirements for our $5K-$100K Petone unsecured company loans.

Business Lending for a Cash Injection

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

A Petone unsecured loan is great to use for any company reason. Call us now.

  • Remodel or expand commercial properties
  • Grow the team during busy periods
  • Grow stock quantities to meet the demand
  • Develop a new website, or increase your marketing
  • Put money into new equipment, tools , or technology
  • Purchase extra stock to cover the seasonal demand
  • Control cash flow fluctuations
  • Plus lots more …

Do you want to begin one of these as soon as tomorrow? Contact us today or send an application online to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

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

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

  • Details of the Idenfication (valid Driver’s Licence)
  • Information about the business, including details on trading hours, 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:

  • Profit & Loss statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

With the busy holiday season coming up, a store selling clothing needed additional working capital to buy more inventory and benefit from discounts from suppliers. They were able to borrow $20K for 12 months with no security for assets and received the funds within 24 hours.
Clothing Store
A restaurant owner was wanting to open another restaurant and needed funds for the renovation. Their bank wasn't interested in helping. Their typical monthly earnings was $50K. They were able to borrow $66K in 24 months. The turnaround time was just 8 hours.
Restaurant Owner
A gym that had been going for nearly 3 years was looking to expand and was in need of additional equipment. With monthly revenue of $37K they borrowed $72K over a 24- month period. No security was needed to secure the loan. It was ready to go within just 24 hours.
Gym
The owner of a tiny grocery store making $70K a month borrowed $76K over a 24 month period, with no payments for the first four weeks. This required 12 months of bank statements. The turn around time was 6 hours from application to getting the money.
Grocery Store Small Business Loan
A company coach wanted to invest in an health and beauty company. With a little over 12K in revenue per month they borrowed $24K in 24 months. The loan required the submission of 12 months' bank statements and was completed in just 8 hours.
Business Coach

Unsecured Business Loan Petone NZ 5012

The lending landscape has changed

In the wake of traditional lenders and banks tightening credit conditions and the constant stream of alternative and non-bank loan providers that are entering the market offers the perfect source for you to take advantage of.

Petone SME’s are now able to access finance through alternative lenders that service Petone who are focused on facilitating business growth or smoothing out cash flow issues. In the past the personal sources of credit (drawing equity from a home loan, or using credit cards and personal loans as well as overdrafts) could be the best alternative funding services for Petone that were around.

There’s there is no requirement for you to rely on using real estate to secure business lending. With an unsecured loan, business financing is easy. Instead of a term loan with banks, business finance for a small business with interest rates and loan terms that can help with cash flow is available as business loans.

 

 

High level summary

Separate personal and business debt

There are numerous benefits in separating personal from business debt.

  • Your home, or other investments, aren’t tied up for access to funds
  • The company has a more favourable position to establish its own, clear credit history
  • It’s substantially more seamless during tax time
  • Companies can quickly view how they are performing, monitor and plan on the ability to clearly examine their cash flow status

Lower your risks, make your tax time more simple, apply for an unsecured busines loan. Make an application today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your individual and business assets apart will be the fact that your home does not have to be tied to allow access to the funds. For a small business loan in Petone up to $100K an asset security agreement will not be required as long as the borrower meets their loan obligations.

Credit history

Businesses will be in a stable long-term position when they can show good credit and debt capability.

Tax

Separating personal and business finances makes it more seamless when it comes to tax time, particularly when determining what is the tax-deductible allocation. The IRD has set out the rules on the evidence required to be able to claim deductions on a company’s tax return. This is a subject that the IRD have specifically advised on.

Cash flow

A well-organised cash flow management system is vital to the long-term survival in any business. By keeping the personal financial and company finance separate, companies can easily view the situation, track and plan based on the ability to effectively evaluate their cash flow situation.

I'm now able employ an experienced marketer to help me help me take my business to the next step of business growth.
Growing Business
Business loans, specifically those that are unsecured business loan or line of credit for business funding require to not become a stressful procedure. Finance for a business in the shape of small business loans with an interest rates and repayment period that is suitable for your company financial needs.
Business Lenders for Business Goals
I am now able to fund the construction of our modern Petone resturant without having to borrow cash from other locations.
Petone Resturant Owner
I'm able to get my taxes back to keep me on track.
Small Business Owner
Business loan interest rates and repayment terms, as well as flexible repayment options that can be tailored to what your company needs.
Business Lending Options
I'm now able make the coffee I serve my customers using the best equipment.
Cafe Owner
I can now take time off knowing that the Petone company will run without a hitch.
Local Business Owner
A straightforward loan application process with a huge amount of borrowing capacity, a low requirements for credit and there is no requirement to create a business plan. Don't use your personal credit card and company credit cards in order to fund your business.
Unsecured Loans Made Simple
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Petone Small Business Loans

Let me know how you are able to avail the Petone Small Business Loans

Petone unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow friendly repayments which can be made daily or weekly.

How is this Unsecured Loan different from an traditional company loan?

The application to get the Small Business Loan in under 10 minutes over the phone, receive a same day response and the funds could be in your account in 24 hours. Traditional business loans reference an interest rate per annum as well as other fees and charges. Our business loan is a pre-paid loan therefore you’ll be aware in advance of the total amount to be paid, including the interest, fees and charges. This is then broken down into a daily or weekly amount to be paid back.

What could the Small Business Loan be used for?

A Small Business Loan can be used for virtually every business reason, such as managing cash flows, business remodeling, marketing for purchasing inventory or new equipment, for general working capital and so much more. The loan is not available to fund personal expenses.

Concerning Larger Petone Business Loans

What is the Larger Petone Business Loan?

The Larger Business Loan is a larger loan size to support company expansion opportunities. The loan ranges from $100,000 to $500,000 over a fixed term up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate your situation.

How is the Origination Fee determined?

This Larger Business Loan has an Origination Fee that is calculated at 2.5% of the amount of the loan.

Am I eligible for the Larger Business Loan?

To qualify for a loan of this size, your business needs to have been operating for a minimum of 3 years with an annual turnover of $700K. You must be a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of continuous trading.

What can I use the funds for?

A larger business loan can be used for nearly all business need, including business renovations, to purchase new equipment or inventory for general working capital and much more. The loan is not available for personal purposes.

Is the Larger Business Loan one that is secured?

Asset security is required to access funding over $150,000. It’s in the form of a charge against assets and can include the registration of this in the PPSR or registering a caveat.

A personal or director’s guarantee is a guarantee to pay back a loan that is generally in nature rather than defining the security for a particular asset. The person who signs the ensure is personally responsible if the business lender is not able to re-pay the debt.

The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including goods or assets). The PPSR permits preference over private property granted according to the date the registration of a security interest.

An affidavit is an official document filed to provide notice of a legal claim to a property.

What is a pre-approval without Credit Check?

If you’re applying for the Larger Business Loan that exceeds $250K, we may offer an initial pre-approval to make the process. We may be able to apply for this without credit checks and within 6 hours of your initial application. The pre-approval is based upon a preliminary assessment which includes the answer to a series of financial health checks. It’s not an offer of credit or guarantee of funds. Acceptance without condition is subject to an assessment of your creditworthiness and any offer that you may receive may be on different conditions.

Application process

Are I eligible for funding?

You can apply for an business 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 of business (for a unsecured loan $5K – $100K) or 3 years of trading (for the Larger Business Loan $100K up to $500K)

How do I apply?

The application process is fast and easy. Simply complete the online form in few minutes and a dedicated business expert in lending will call you to guide you through the process.

To apply for up to $100,000 you’ll require identification details (valid Driver’s Licence) as well as a valid NZBN/IRD and at least six months worth of bank statements.

Otherwise, for larger loan sizes, you’ll require:

$100K to $250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Details of the application, including credit consent twelve months of bank statements, IRD statement Last 2 years’ finalised financial statements, as well as interim financials from the current financial year as well as Aged Payables and Receivables summaries.

What speed will I be able to get a decision?

For an unsecured loan ($5K and up) we usually provide an answer within one hour – as long as you apply during standard business time and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you decide to upload copies of your bank statement, we’ll offer the decision in just one business day.

For the Larger Business Loan ($100K to $500K) we may be able to provide you with pre-approval conditional to your application in around 6 hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval. However, this may be quicker depending on the particular circumstances of each application. Certain deals have been approved within less than 24 hours.

The quickest way to apply would be to make sure you apply during standard company hours. Also, permit us to use the advanced bank verification system to instantly verify your bank account information online. If you choose to send us copies of your bank statement, it will take a little longer.

How fast will I get the cash?

For the Small Business Loan ($5K or more) we usually offer an answer in just one hour, provided you make your application within normal business time and allow us to use the advanced bank verification system link to immediately verify your bank account information online. If you decide to upload copies of your banking statements, we are able to provide a decision in as little as 1 business day.

If you are applying for Larger Business Loans ($100K or more) We may be capable of offer you with conditional pre-approval in about six hours. Once you’ve signed your pre-approval document, you will need to wait between 2 and 3 days for the final approval, however it could be faster based on the specifics of each application. Some transactions have received approval in the space of 24 hours.

The quickest method for you to apply is ensure you apply during normal business hours, and allow us to use our advanced bank verification system link to check your bank’s information online. If you choose to send us the copies of bank statement, it can take a bit longer.

How much can I borrow?

We offer loan amounts between $5,000 and $500,000. If you apply for a certain amount we will consider a number of variables that determine what is the health of your company as well as the amount of the repayments your company can afford. The amount you receive from the loan will be determined by the specific circumstances that are unique to your business.

If you apply for a particular amount, we take into consideration a variety of factors to assess the health of your company as well as the amount of the repayments your business will be able to support. The amount you receive from your loan will depend on the particular circumstances that are unique to your business.

Fees & repayments

How much should you charge for an company loan?

If you decide to make an application for our company financing, we’ll assess the risk assessment that you have for your business and provide you with a customised offer including loan amount, term and interest rates. A business loan is an upfront priced loan so you will know the exact amount you will have to pay, including interest rates, fees or charges.

What is the factor that determines the price I pay?

The interest rates on business loans rates depend on a variety of factors including the amount that is borrowed, what business assets the funds are used to purchase and the sector the business operates in, the long the company has been operating and in the event that the business has enough cash flow to support the loan, and also the overall well-being as well as creditworthiness business.

What are the fees?

There aren’t any hidden charges with our business loans. You’ll know exactly how much you’ll need to pay and when, starting from the day you sign up. There’s not any compounding interest and no additional fees (as long as you make your payments in time).

We do not charge an Application Fee. You are able to make an application for loans absolutely no upfront cost and no any obligation to sign up.

The Origination Fee includes the expenses associated with the setting up and management of the loan. You are only charged this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the loan amount.

Can I pay off the loan earlier?

You can repay the entire amount of the loan in full at any time.

If you are deciding to take this route, please contact our helpful company loan specialists. We will provide you with details for repayment and an early payment figure. This will be calculated as the sum of the principal remaining and any accrued interest at the time of early payment plus 1.5 percent of the principal balance as well as any outstanding fees.

What are the repayment methods?

To help you avoid missing repayments and to fit in your cash flow schedule, we provide payments that are either weekly or daily. They will be automatically deducted from your business account.

Security & privacy

Will my data be protected?

Security of your data, and being upfront about the ways we gather information, use it, and exchange it, as well as safeguard your data, is crucial and is an essential part of our relationship you.

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

Yes. We make use of industry-standard encryption techniques to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our dedication to protecting the security of clients and privacy. We make use of an advanced bank verification system link to instantly verify your bank account details online, allowing us to offer rapid response.

About business loans

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

An asset-based loan is when a company owner uses an asset they own to obtain a loan. The asset can be an individual asset, such as the family home, or a company asset like a truck or piece or equipment.

The majority of banks, including the major banks, prefer to secure loans against an asset. If you have trouble paying back the loan then your assets could be taken over by the lender. In essence it’s the process of securing new funding using the value of what you already own.

Do I require security to secure a business loan?

For loans up to $150K no asset security is required prior to the loan’s access however, we require a personal guarantee. need a personal guarantee. If you adhere to your loan obligations (as stated in your loan contract) the security of assets will never be needed. If you take out loans in excess of $150,000 generally there is an individual ensure and security that is 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 collection companies & debt purchasers
  • Direct marketing including telemarketing, fundraising, mail order, direct-mail etc
  • Financial institutions & lenders
  • {Firearm businesses
  • Foreign currency exchange offerings
  • Freight forwarding and customs clearing houses
  • Gambling related industries
  • Not-for-profit organisations such as charities and churches etc
  • Smash repairers & panel beaters
  • Pawn shops or pawnbrokers
  • Property developers
  • Stockbrokers, shares &invesment businesses
  • Tattoo studios
  • Ride-sharing and taxi services
  • Ticket resellers or entertainment sales
  • Vehicle towing services
  • Secondhand vehicle dealerships
  • Car glass tintingfirms
  • Car dismantlers

Although we cannot assist with an unsecured business loan for the above industries, we might be able to assist you by providing a secured business loan.

Unsecured Business Lending NZ Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

Apply Now

Apply Now

Contact Us

Contact Us

Contact Us

Fill out the form below or Call Now
0800 510 025