Unsecured Business Loans West Harbour NZ

By This Tomorrow You Could Have Everything You Need to Be Successful With a West Harbour Business Loan

Unsecured Business Loans West Harbour

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

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

What to expect:

  • It’s easy to apply and be approved for funds as soon as tomorrow
  • There is no option to remittances in the first four weeks
  • Amount of loan from $5k up to $500K
  • Terms from 3 to 36 months
  • Competitive interest prices
  • Minimal documentation

The eligibility requirements for an unsecured business loan for a business loan West Harbour are fairly minimal.

Call Now 0800 510 025
I'm now able hire a marketer to boost my company to the next step.
Growing West Harbour Business
I can get my tax back on time.
Small Business Owner
Business loans, especially one that is an unsecured business loan or line of credit for business financing require to not become a stressful process. Finance for a company in the shape of small business loans that have an interest rate cost, and with a repayment time which is compatible with your business financial needs.
Business Lenders for Business Goals
A simple loan application process that comes with a high amount of borrowing capacity, a low requirements for credit, and no requirement to provide a business plan. Do not use your personal credit card and business credit cards as a way to fund your business.
Unsecured Loans Made Simple
Business loans with interest rates and repayment terms and flexible repayment options that can be tailored to your business requirements.
Business Lending Options
I'm now able take a holiday knowing I am confident that my West Harbour company will run smoothly.
Local Business Owner
I can now make beverages for customers with the best equipment.
Cafe Owner
I'm now able fund the remodel of our brand fresh West Harbour resturant without having to pull cash from the other ones.
West Harbour Resturant Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for business loans in West Harbour company loan for business in West Harbour with us is simple and only takes about a couple of minutes, there are no piles of paperwork or long waits.

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 goal is to assist West Harbour companies of all sorts small, medium even entrepreneurs to obtain funds quickly so that they can make use of the loan to expand and develop.

  • 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
  • A team of people who want to see you succeed as well as you business to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in West Harbour of between $5K and $100K is fairly low.

  • A minimum of six months in business
  • At least $6,000 of revenue per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or Driver’s License for evidence of identity
  • Have an account with a New Zealand bank as your main trading account
  • Bank statements from the last six months

Need more funds? Check out the eligibility requirements for our $100K-$500K company financing.

Here's How Others Have Benefited

Examples of Business Loans

An interior designer had spotted an opportunity to increase the size of their company and required working capital in order to finance this expansion. With a monthly revenue of $300K they took out a loan of $250K for 24 months. Turnaround time for them was only 2 days, and all they needed for them to present the required documents were twelve months' bank statements IRD confirmation, IRD confirmation and their trust deed.
Interior Designer
A plumber who has worked in the business for three years and has $80K in monthly sales was looking for more funding. They were able to borrow $153K over 36 months. All they needed to be provided was 12 month bank statement and confirmation of the loan's status with IRD. The process was complete within just a few hours and the plumber had their extra working capital available in their account within a short time.
Plumber
With the busy holiday season approaching, a clothing store needed additional working capital to purchase more inventory and benefit from discounts from suppliers. They took out a loan of $20K over a period of 12 months, with no security of assets required. They received the funds in less than 24 hours.
Clothing Store
A gym that was running for more than three years decided to increase its size and needed more equipment. With monthly revenue of $37K they borrowed $72K over a 24 month period. The loan was not secured and the loan was ready within 24 hours.
Gym
When they purchased a pizza shop and two liquor stores 6-to 12 months ago, the new owners were looking for additional cash. The total revenue of the two stores was more than 500K per month. They could have borrowed $300K. The loan was split into $100K for each store using two different 24 and 36 month terms. No security over the owner's houses was required.
Owner of a Pizza Store & 2 Liquor Stores
Simple eligibility checklist

Larger West Harbour Business Loan Eligibility Criteria

The criteria to be eligible for larger West Harbour business loans of between $100K and $500K are:

  • Minimum of 3 years in business
  • At least $700K of annual income
  • Be a New Zealand based company with an 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 account for trading
  • Bank statements for the last 6 months
  • Certain financial statements include Profit & Loss and Aged Accounts Payable and Receivable

Looking for a smaller amount of funding? Take a look at the guidelines for eligibility for our $5K-$100K West Harbour unsecured company loans.

Business Lending for a Cash Injection

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

A West Harbour unsecured loan is great for almost every company use. Get in touch with us today.

  • Add or remodel the commercial space
  • Staff expansion for busy periods
  • Boost stock quantities to keep up with demand
  • Make a brand new website or improve your marketing
  • Invest in new equipment, tools or the latest technology
  • Purchase additional stock to meet the seasonal demand
  • Control cash flow fluctuations
  • And many more …

Do you want to start working on one of these idea as quickly as tomorrow? Contact us or send your application online for the quickjest fasted way.

Quick application checklist

What do you need to apply

All that’s required to start is your contact information (company name, your name, email address, phone), how much you want to borrow, as well as your monthly income.

In the course of the process and before settlement we’ll require confirmation of who you are but not before we can begin:

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

Additionally after we get started with loans of more than $150,000 you will also need fundamental financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

A company coach wanted to invest in the health as well as beauty company. With just a little more than $12K in monthly revenues the company borrowed $24K over 24 months. This required 12 months of bank statements and was completed in less than 8 hours.
Business Coach
A plumber who's been in business for three years with the monthly revenue of $80K was in need of more funds. They took out a loan of $153K for the course of 36 months. The only thing needed were 12 months' worth of statements as well as confirmation of the loan's status with IRD. The process was completed in less than one day, and the plumber received their additional working capital in ther account in a matter of hours.
Plumber
An interior designer saw an opportunity to grow their business and needed working capital to finance the expansion. With monthly revenue of $300K they borrowed $250K over 24 months. Turnaround time for them was only 2 days, and all they needed to provide was 12 months of bank statements along with IRD confirmation and trust deed.
Interior Designer
A gym that had been operating for over three 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 to secure the loan. It was settled in the span of 24 hours.
Gym
A restaurant owner was wanting to open a second restaurant and needed money to fund the remodel. Their bank was not willing to help. Their typical monthly earnings was $50K and they were able to borrow $66K over the course of 24 months. The turnaround time was just 8 hours.
Restaurant Owner

Unsecured Business Loan West Harbour NZ 0618

The lending landscape has changed

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

West Harbour SME’s are now in a position to obtain finance via alternative lenders who service West Harbour who are focused on enabling company growth or smoothing out problems with cash flow. In the past individual credit providers (drawing equity from the house loan, or using credit cards or personal loans, as well as loans) provided the most viable alternative funding solutions within West Harbour that were around.

There’s no requirement of having to rely on real estate to secure business credit. With an unsecured loan, business funding is made simple. Instead of a loan for a term with a bank, business finance for an SME with interest rates and loan terms that help with cash flow is around as business lending options.

 

 

High level summary

Separate personal and business debt

There are many benefits with separating personal and company debt.

  • Your home or other investments, aren’t tied up for access to funds
  • It is the business is in a more favourable position to create its own, clear credit history
  • It is substantially more seamless at tax time
  • Companies can quickly view, monitor and plan based on their ability to clearly examine their cash flow status

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

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your private and business assets apart can be that your house does not have to be tied to access the funds. For a small business loan within West Harbour up to $100K asset security won’t be required as long as the borrower meets the loan requirements.

Credit history

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

Tax

Separating personal and company finances makes it much more straightforward in the event of tax time, particularly when identifying what is the tax-deductible allocation. The IRD has set out rules on the evidence required for claiming deductions on an organisation’s tax return. This is a subject that the IRD have specifically advised on.

Cash flow

Effective cash flow management is vital to the long-term success in any business. Through maintaining personal as well as business finance separate, companies can easily view their cash flow, plan and monitor it based on their ability to accurately determine their cash flow status.

I can now take an extended vacation knowing that I am confident that my West Harbour business will run effortlessly.
Local Business Owner
I can get my tax back to keep me on track.
Small Business Owner
I'm now able employ a marketer to take my business to the next step of business growth.
Growing Business
Business business loans, interest rates and repayment terms as well as flexible repayment options to fit what your business needs.
Business Lending Options
I am now able to fund the renovation of our fresh West Harbour resturant without having draw cash from other locations.
West Harbour Resturant Owner
A simple loan application process with a huge amount of borrowing capacity, a low requirements for credit, and there is no need to present a business plan. Don't use your personal credit card and company credit cards in order to fund your business.
Unsecured Loans Made Simple
Business loans, specifically those that are unsecured business loan or line of credit for business financing need not be a stressful process. Finance for a business in the shape of small business loans with an interest rate cost, and with a repayment term that is suitable for your company financial needs.
Business Lenders for Business Goals
I can now make beverages for clients using the best equipment.
Cafe Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

More about the West Harbour Small Business Loans

Let me know how you can avail the West Harbour Small Business Loans

West Harbour unsecured loans offers amounts between $5,000 and $100,000. Terms range from 3 and 24 month and cash flow friendly repayments, which are either daily or weekly.

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

It is imaginable to apply to get this Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive an answer within the same day and the money could be in your account within 24 hours. Traditional business loans refer to an annual rate of interest as well as other fees and charges. The company loan is a pre-paid loan therefore you’ll be aware in advance of the total amount due, which includes any fees, charges or charges. This is then broken down into a daily or weekly installment amount.

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

It is a Small Business Loan can be used for nearly every company purpose including the management of cash flow, business improvements, advertising for purchasing inventory or new equipment, or as general working capital, and much more. The loan cannot be used for personal use.

About Larger West Harbour Business Loans

What is the Larger West Harbour Business Loan?

The Larger Business Loan is a larger size loan to aid in business growth opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of with a maximum of 36 months. The repayments are made weekly or fortnightly, depending on your situation.

How is the Origination Fee calculated?

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

Can I get the Larger Business Loan?

To be eligible for a loan of this size, your company needs to have been in operation for at least 3 years with an annual turnover of $700K. It is necessary to 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 demonstrate at the least 12 months of operating.

What can I use the funding for?

A Larger Business Loan can be used for nearly any company reason, such as business improvements, purchasing equipment or inventory as well as for general working capital and so much more. The loan cannot be used for personal reasons.

Is the Larger Business Loan one that is secured?

Asset security is necessary to obtain funding above $150,000. It’s by taking a charge over assets, which could also include registering this on the PPSR or filing a caveat.

A personal or director’s ensure is a commitment to pay back a loan that is generally based rather than stipulating security over a particular asset. The person who signs the guarantee is personally responsible if the business borrower is unable to pay back the debt.

The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It reflects security interests that are registered for personal property (including items or assets). The PPSR gives priority over personal property to be assigned in accordance with the date on which a registration of a security interest.

An affidavit is an official document that is filed to provide the legal claim against a property.

What is a pre-approval that does not require Credit Check?

When you’re applying for a Larger Business Loan of more than $250K, we may offer an initial pre-approval in order to make the process. We might be able to make this decision without a credit verification and within 6 hours of the initial application. This pre-approval is made based on an initial evaluation that involves you answering a few financial health questions. It is in no way an offer, nor is it a guarantee of credit. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer that you are offered could be on different conditions.

The application process

Do I qualify for funds?

You may apply for an company loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are over the age of 18 and own a New Zealand company (with a valid NZBN/IRD)
  • must show at least six months of trading (for a unsecured loan $5K – $100K) or three years of trade (for the Larger Business Loan $100K - $500K)

How do I apply?

The application process is quick and simple. Just fill out the online application within a few minutes and a dedicated business loan specialist will call you to assist you.

For a loan of up to $100,000 you’ll need identification details (valid Driver’s License) and an NZBN/IRD that is valid and at least six months worth of bank statements.

In addition, for larger loan sizes, you’ll need:

$100K-$250K: Application requirements, including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Details for application including credit consent twelve months of bank statements, IRD statements, last 2 years finalised financial statements, in addition to interim financials from the current financial year including Aged Payables, Aged Receivables summary.

How quickly will I receive an answer?

For an unsecured loan ($5K up to $100,000) we can often provide an answer in just one hour – as long as you submit your request within quality business timings and let us utilise the bank verification system link to instantly verify your bank information online. If you choose to send us copies of your bank statements , we are able to offer a decision within just one company day.

For Larger Business Loans ($100K and up) we may be able to provide the conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval, however this may be quicker depending on the circumstances of each application. Certain transactions have received approval within less than 24 hours.

The fastest way is to make sure you apply during normal company hours, and permit us to use the advanced bank verification system to instantly check your bank’s information online. If you choose to send us documents from your account statements , it can take a bit longer.

How quickly will I receive the funds?

For the Small Business Loan ($5K up to $100,000) we typically offer an answer within an hour – provided you submit your request during normal business time and permit us to use the bank verification system link to immediately verify your bank account information online. If you opt to send us copies of your bank statements, we are able to offer a decision in just an business day.

If you are applying for Larger Business Loans ($100K up to $500,000) we might be in a position to offer the conditional pre-approval in around 6 hours. Once you’ve signed your pre-approval document, you will require to wait about 2-3 days for final approval. However, it could be faster based on the particular circumstances of each application. Some transactions have received approval within less than 24 hours.

The fastest way would be to make sure you apply during standard business hours and let us use the modern bank verification to verify your bank information online. If you decide to upload documents from your account accounts, it takes a bit longer.

How much can I borrow?

We offer the loan amount between $5,000 to $500,000. If you apply for a particular amount, we take into consideration a range of aspects to determine what is the health of your business and the amount of repayments your business is able to afford. The total amount of your loan will be contingent on the specific circumstances of your company.

When you submit an application for a particular amount, we will consider a number of elements to assess the well-being for your business and the extent of repayments your company can afford. The amount you receive from your loan will be contingent on the particular circumstances for your company.

Fees & repayments

How much do you charge for an business loan?

When you apply for the business loan, we’ll assess the risk assessment for your business and offer you with a customised offer including loan amount, term and the interest rates. The business loan is an upfront priced loan and you’ll be aware in advance of the total amount payable including any costs, fees, or interest rates.

What is the factor that determines the price I am charged?

Interest rates for business loans rates depend on several factors such as the amount that is borrowed, what business assets the money will be used for in addition to the industry that the business is in, how long the business has been in operation as well as whether the business has enough cash flow to pay for the loan, and also the overall well-being as well as creditworthiness business.

What are the cost?

There are no hidden fees with our business loans, and you’ll know exactly how much it is that you need to pay and when, right from the first day. There’s no compounding interest and the loan comes with no additional fees (as long as you make your payments on time).

We do not charge an Application Fee. You can make an application for loans with with no upfront cost or obligation to proceed.

The Origination Fee is the cost associated with establishing and managing the loan. It is only charged for this fee if you decide to take the loan. Our Origination Fee is 2.5% of the amount of loan.

Can I pay out the loan earlier?

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

If you are deciding to take this route, please talk to one of our helpful company loans experts. They’ll provide you with the details of your repayment as well as an early payout amount. The figure will be calculated as the total of the principal balance and accrued interest to the time of early payment in addition to 1.5 percent of the principal remaining and any outstanding fees.

How do repayments work?

To help you avoid missing payment dates and to align your cash flow schedule, we provide repayments either weekly or daily. These are automatically withdrawn from your designated business account.

Security & privacy

Will my data be protected?

Security of your data, and being clear about the ways we gather, use, exchange and safeguard your data, is crucial and is an essential part of our relationship with you.

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

Yes. We employ industry-recognised encryption standards to protect your personal, sensitive financial information and our funders are ISO 27001 qualified for our commitment to security for our customers and privacy. We make use of an advanced bank verification system link to immediately verify the bank account details online to offer a fast response.

About business loans

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

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

The majority of lending institutions, including the major banks, prefer to make loans secured by assets. If you’re having trouble paying back the loan, the asset might be transferred to the lender. In essence, it’s means of securing new financing taking advantage of the value of what you already own.

Should I need security to get a business loan?

For loans that exceed $150,000, the requirement for asset security is not required upfront to access the money but we require a personal guarantee. need an individual guarantee. As long as you follow your loan obligations (as detailed in your loan contract) the security of assets will never be required. If you take out loans in excess of $150K generally there is the option of a personal ensure and security that is in the form an asset charge.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses & auction websites
  • Debt purchasers & debt collection firms
  • Direct marketing including direct-mail, mail order, fundraising, telemarketing etc
  • Financial lenders and institutions
  • {Firearm businesses
  • Foreign currency exchange solutions
  • Freight forwarding and customs clearing houses
  • Anything gambling related
  • Not-for-profit organisationsincluding charities, churches etc
  • Panel beaters & smash repairers
  • Pawn shops and pawnbrokers
  • Property development
  • Investment business, shares or stockbrokers
  • Tattoo studios
  • Ride sharing or taxi services
  • Entertainment sales or ticket resellers
  • Tow truck services
  • Secondhand automotive dealers
  • Car glass tintingfirms
  • Vehicle dismantlers

Although we cannot assist with an unsecure business loan for the above industries, we might be able to assist by providing 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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0800 510 025