An Alkimos unsecured business loan is quick and easy in applying for. Request a quick approval and start using the funds to grow your business.
What to expect:
The conditions for eligibility for an unsecured business loan for a business loan Alkimos are fairly minimal.
Call Now 1300 089 960The process of applying for an company credit in Alkimos with us is simple and only takes about a couple of minutes, there are no lengthy forms or lines.
Be approved and receive your money within 1-2 company days.
We aim to help Alkimos companies of all kinds, including medium, small and even solopreneurs access money quickly, so that they can use the loan to expand and grow.
The requirements for obtaining an unsecured business loan in Alkimos of between $5K and $100K are fairly minimal.
Do you need more money? Check out the conditions of eligibility for our $100K-$500K business credit.
The eligibility requirements to be eligible for larger Alkimos business loans of between $100K and $500K consist of:
Looking for a smaller amount of funding? Check out the guidelines for eligibility for our $5K-$100K Alkimos unsecured business loans.
An Alkimos unsecured loan is ideal for almost every company use. Contact us now.
Are you looking to start one of these options as early as tomorrow? Contact us or apply online now to apply the fastest, most convenient way.
All you need to get started is your contact information (the name of your company, your name, email address, phone), how much you’d like to borrow and your monthly revenue.
In the course of the process and before settlement we will need confirmation of who you are but not before we can begin:
In addition, once we have started in the process, for loans greater than $150,000 you’ll also require basic financial statements.
Let’s get started now.
With traditional and bank lenders restricting credit and the constant stream of non-bank and alternative loan providers entering the market provides a great resource for you to tap into.
Alkimos SME’s are now capable of accessing finance through alternative lenders who service Alkimos who are focused on enabling company growth or smoothing cash flow issues. The past was when personal credit sources (drawing equity from a home loan, or by using credit cards in addition to personal loans and the overdraft) provided the most viable alternative financing solutions within Alkimos that were available.
There’s an end to the requirement in the present to depend on real estate to secure company loan. With an unsecured loan, business funding is made simple. Instead of a loan for a term with banks, business finance for an SME with interest rates and loan terms that can help in cash flow are around as business loan options.
There are many advantages associated by separating personal and company debt.
Reduce your risk, make the tax process much easier. Get started with an unsecure business loan. Apply today.
One of the main benefits of keeping your business and personal company assets apart is that your house does not have to be tied to allow access to the funds. For a small business loan in Alkimos up to $100K, asset security will not be required so long as the borrower fulfills the loan requirements.
Businesses will be in a advantageous long-term situation if they can demonstrate good credit/debt ability to service.
Separating personal and business finances makes it much more straightforward with regards to tax time, particularly when identifying what is the tax-deductible allocation. The IRD has outlined the rules on the evidence required to claim deductions on the tax return of a company. This is an area the IRD have specifically advised on.
A well-organised cash flow management system is vital to the long-term survival that of any company. Through keeping the personal financial and business finance separate, businesses can easily view, monitor and plan based on the ability to clearly evaluate their cash flow situation.
Alkimos unsecured loans provides the range of $5,000 to $100,000 with terms between 3 and 24 months and cash flow friendly repayments which can be made daily or weekly.
Apply to get your Small Business Loan in under 10 minutes by phone. You will receive a same day response and funds may be on your account within 24 hours. Traditional company loans refer to an interest rate per annum together with additional fees and charges. Our company loan is a cash-based loan which means you be aware of the total amount to be paid, including any interest, fees or charges. This is then broken down into weekly or daily repayment figure.
A Small Business Loan can be used for almost every company reason, such as cash flow management, business remodels and marketing to purchase inventory, new equipment, or as general working capital and much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger size loan to aid in company growth opportunities. The loan ranges from $100,000 to $500,000 over a fixed term for up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate the flow of cash.
This Larger Business Loan has an Origination Fee, calculated at 2.5% of the loan amount.
To qualify for a loan that is this large, your company needs to have been operating for a minimum of 3 years, and have an annual income of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.
A larger company loan can be used for almost all business need, including company improvements, purchasing new equipment or inventory as well as for general working capital and much more. The loan is not available for personal use.
Asset security is necessary for funding of more than $150,000. It is usually by way of charge over assets, which could also include the registration of this with the PPSR or registering a caveat.
A personal or director’s ensure is a promise to pay off a credit line that is generally based rather than stipulating security over a particular asset. The person signing 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 an online, central register operated by the New Zealand Government. It contains security interests which are registered with respect to personal property (including items or assets). The PPSR permits priority over personal property to be assigned according to the date a security interest that is registered.
A caveat is a legal document that is filed to provide the legal claim on a property.
If you’re applying for an enterprise loan of more than $250,000 we can offer a preliminary pre-approval to help smooth out the process. We might be able to apply for this without credit checks and within 6 hours of your initial application. The pre-approval process is based on an initial assessment, which involves answering a couple of financial well-being checks. It’s not an offer or guarantee of funds. Acceptance without condition is subject to an assessment of your creditworthiness and any offer that you receive could be based on different conditions.
You can apply for an business loan if you:
The application process is simple and simple. Complete the online form in just a few minutes, and a dedicated business credit specialist will call you to guide you through the process.
For a loan of up to $100,000 you’ll require proof of identity (valid Driver’s License), a valid NZBN/IRD as well as at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll also need:
$100K – $250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K-$500K: Information on the application including credit consent, 12 months of bank records, IRD statements as well as the two most recent years’ financial statements, plus interim financial statements for the current year such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K to $100K) we can often offer an answer in just one hour if you make your application within standard company timings and allow us to utilise the advanced bank verification system to immediately verify your bank account information online. If you decide to send us copies of your bank statements , we’ll be able to provide an answer within an company day.
For Larger Business Loans ($100K to $500K) we could be able to provide you with pre-approval conditional to your application within about 6 hours. Once you have signed the pre-approval form, it will take about 2-3 days for final approval. However, it could be faster based upon the circumstances for each application. Some agreements have been approved within just 24 hours.
The quickest way to apply would be to ensure you apply during normal company hours, and permit us to use the modern bank verification link to instantly verify your bank account information online. If you choose to send us duplicates of your banking accounts, it takes a bit longer.
For the Small Business Loan ($5K to $100K) we can often offer a response in one hour, provided you apply during standard business times and let us make use of the advanced bank verification system to instantly verify your bank information online. If you decide to submit copies of your bank statements, we’ll be able to provide an answer within an business day.
For the Larger Business Loans ($100K and up) we might be in a position to provide you with a conditional pre-approval in around six hours. After you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval, however this can be faster depending on the specifics of each application. Some agreements have been approved in just 24 hours.
The fastest method can be ensure you apply during standard business hours and allow us to use our advanced bank verification system link to instantly verify your bank information online. If you opt to send us the copies of bank accounts, it takes a bit longer.
We provide loans ranging from $5,000 and $500,000. When you submit an application for a certain amount, we look at a variety of variables that determine the well-being of your business as well as the amount of repayments your company will be able to support. The total amount of the loan will be determined by the particular circumstances the business.
When you make an application for a set amount, we will consider a number of variables to assess the well-being for your company and the level of payments your company will be able to support. The total amount of your loan will depend on the particulars that are unique to your company.
When you request the business credit, we’ll assess the risk assessment that you have for your company and provide you with a customised proposal that includes the amount of the loan, the duration and interest rates. This company loan is a loan that is priced upfront so you will know the exact amount to be paid, including any interest rates, fees or charges.
Interest rates for company loans rates depend on a variety of factors like the amount of money that is borrowed, what company assets the funds will be used for in addition to the industry that the business operates in, how long the company has been running for, how long the business has sufficient cash flow to cover the loan, and overall health and creditworthiness of the company.
There are no hidden fees for our company loans, and you’ll know precisely how much it is that you need to pay, and at what time, from the very first day. There’s no compounding interest, and no additional fees (as as long as you pay your payments on time).
We do not charge an application fee. You are able to request a credit loan with absolutely no upfront cost and no the obligation to take action.
The Origination Fee is the cost associated with the setting up and management of the loan. This is only a fee if you choose to proceed with the loan. Our Origination Fee is 2.5% of the amount of the loan.
You can repay the total amount of your advance loan at any time.
If you do decide to do this please call our helpful company credit specialists. They will provide you with repayment details and an early payment figure. This will be calculated as the sum of the principal amount remaining and accrued interest to the time of the early payout plus 1.5% of the remaining principal as well as any outstanding fees.
To ensure you do not miss payment dates and to align your cash flow schedule, we provide payments that are either weekly or daily. These are automatically withdrawn from the nominated business account.
The security of your personal information, as well as knowing how we collect data, process, exchange and ensure the security of your information is vital and is an essential part of our relationship you.
Yes. We utilise industry-recognised encryption standards to secure your personal, sensitive financial information and our funders are ISO 27001 certified for our commitment to protecting the security of customers and privacy. We make use of an advanced bank verification system that allows you to instantly confirm your bank account information online, allowing us to provide rapid response.
The term "asset-based" refers to borrowing where a company owner borrows from assets they own to secure a loan. The asset can be an individual property, such as the family home, or it could be a business asset like a truck or piece of equipment.
The majority of lending institutions, including the major banks, prefer to secure loans against assets. If you’re struggling to pay back the loan, the asset could be transferred to the lender. In essence it’s an opportunity to secure additional financing using the value of what you already have.
For loans that exceed $150,000, there is no requirement for asset security upfront to access the money but we require a personal guarantee. need a personal guarantee. In the event that you fulfill the loan terms (as detailed in your loan contract) and you are able to meet your obligations, asset security is not required. For loans over $150,000 generally there is the option of a personal guarantee and security in the form of an asset charge.
Although we can’t help with an unsecured business loan in these industries, we may be able to assist you with a secured business loan.
