A Postans unsecured business loan is simple and quick in applying for. Get a quick apporval and use the money in your company.
What to expect:
The conditions for eligibility for an unsecured business loan within Postans are fairly minimal.
Call Now 1300 089 960Requesting the company loans within Postans with us is easy and takes just a few minutes, no mountains of paperwork or queues.
Approved and receive money within one to two company days.
Our goal is to assist Postans companies of all sorts small, medium even solopreneurs to access money quickly, so that they can take advantage of loans to expand and grow.
The eligibility requirements for an unsecured business loan in Postans of between $5K to $100K are quite minimal.
Do you need more money? Review the eligibility requirements for our $100K-$500K company credit.
The eligibility requirements in the larger Postans company loans of between $100K and $500K consist of:
You are looking for a lesser amount of capital? Take a look at the eligibility requirements for our $5K to $100K Postans unsecured company loans.
A Postans unsecured loan is perfect to use for every business purpose. Contact us now.
Are you looking to start one of these projects as soon as tomorrow? Then get in touch with us now or apply online to get the fastest and most effective process.
All that’s required to begin is your contact information (the name of your company, your name, email address, phone) along with the amount you’d like to borrow as well as your monthly income.
While in the process and before settlement we will need confirmation of your identity however, not in order to begin:
Additionally after we get started, for loans over $150,000 you will also require the following financial statements:
Let’s get started now.
With traditional and bank lenders increasing their credit requirements as well as the continuous stream of non-bank and alternative loan providers that are entering the market provides an excellent source to take advantage of.
Postans SME’s are now in a position to obtain finance via alternative lenders who service Postans who are focused on facilitating business expansion or smoothing out the cash flow problems. In the past the personal sources of credit (drawing equity from the home loan, or using credit cards or personal loans, as well as credit cards) could be the best alternative financing solutions available in Postans that were available.
There’s not a requirement of having to depend on the real estate market to secure company loans. With an unsecured loan business financing is now easy. Instead of a term loan through a bank, business finance for a small business with interest rates and loan terms that help with cash flow is available as business credit options.
There are many benefits with the separation of personal and company debt.
Reduce your risk, make the tax process more simple, apply for an unsecured busines loan, apply today.
One of the main benefits of keeping your personal and business assets separate will be the fact that your house isn’t tied to the funds. For a modest business loan in Postans up to $100K an asset security agreement will not be needed as in the event that the borrower has met their loan obligations.
Companies are in a favourable long-term position if they are able to demonstrate credit/debt capability.
The separation of personal as well as company finances makes it more seamless when it comes to tax time, particularly when identifying what is the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the guidelines on the proof required in order to deduct deductions from the tax return of a company. This is an area where the IRD has advised specifically on.
Effective management of cash flows is key for the longevity that of any business. Through maintaining personal as well as business finances distinct, companies can easily view, monitor and plan based on their ability to easily assess their cash flow position.
Postans unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.
It is imaginable to apply for the Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an answer within the same day and funds may be in your account in 24 hours. Traditional business loans are based on an interest rate per annum together with additional fees and charges. Our business loan is a pre-paid loan and you’ll know ahead of time the total amount to be paid, including any interest, fees or charges. This is then broken down into either a daily or weekly installment amount.
The Small Business Loan can be used for almost every business purpose including the management of cash flow, company remodels and marketing, to purchase inventory or new equipment, as general working capital, and much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans range from $100,000 to $500,000 over a fixed term that can last up to 36 months. Repayments are scheduled weekly or fortnightly depending on your situation.
It is crucial to note that the Larger Business Loan has an Origination Fee, determined at 2.5% of the loan amount.
To qualify for a loan that is this large the business needs to have been trading for at least 3 years and have an annual turnover of $700,000. 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 demonstrate at minimum 12 months of business.
A Business Loan of a larger size can be used to fund almost any business need, including business improvements, purchasing equipment or inventory or as general working capital, and much more. The loan cannot be used for personal use.
Asset security is needed for accessing funds over $150,000. It’s by taking a charge against assets and can be registered with the PPSR or registering as a caveat.
A personal or director’s guarantee is a guarantee to repay a loan which is generally in nature rather than specifying the security for a particular asset. The person who signs the ensure is personally responsible if the business lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including goods or assets). The PPSR grants prioritisation over property that is personal to be assigned in accordance with the date on which a security interest that is registered.
Caveats are legal form of document to provide the public notice of a legal claim against a property.
If you’re requesting a Larger Business Loan of more than $250K we can offer an initial pre-approval that will help make the process. It is possible to make this decision without a credit check, and within six hours of your initial application. The pre-approval process is based on an initial evaluation that involves the answer to a series of financial well-being questions. It is neither an offer nor a guarantee of financing. A conditional approval is subject a full credit assessment and any offer you might receive could be subject to different terms.
You can apply for an company loan if you;
The application process is simple and easy. Just complete the online application within a couple minutes, and an experienced business 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 also require:
$100K-$250K: Application details including credit consent, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Application details including credit consent, 12 months bank statement, an IRD statement and the last two years’ finalised financial statements, as well as interim financials for the current financial year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K up to $100,000) We can usually offer an answer within one hour, provided you submit your request during standard company timings and permit 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 can provide the decision within just the span of one business day.
For the Larger Business Loan ($100K to $500K) we may be capable of provide the conditional pre-approval in around six hours. Once you’ve signed the pre-approval document, you will need to wait approximately 2-3 days to receive final approval. However, this could be shorter based upon the circumstances for each application. Some deals have been approved in just 24 hours.
The quickest way to apply for you to apply is make sure you apply during normal business hours. Also, permit us to use the advance bank verification link to verify your bank information online. If you send us copies of your bank accounts, it will take a little longer.
For the Small Business Loan ($5K and up) we typically provide an answer within one hour if you submit your request in 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 upload copies of your bank statements, we will be able to offer an answer in as little as one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) We may be capable of offer you with conditional pre-approval in about six hours. Once you have signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this can be faster depending on the specifics of each application. Some offers have been approved in less than 24 hours.
The quickest method can be ensure you apply during normal business hours, and permit us to use the sophisticated bank verification link to instantly verify your bank account information online. If you choose to upload copies of your bank accounts, it takes a bit longer.
We provide loans ranging from $5,000 and $500,000. When you make an application for a certain amount, we will consider a number of factors in order to assess what is the health for your business and the extent of the repayments your company will be able to support. The amount you receive from your loan will be contingent on the specifics the business.
When you make an application for a set amount, we take into consideration a variety of elements to assess your health of the company and the extent of payments your company can afford. The total amount of your loan will be contingent on the particulars the business.
When you request the business loan, we will assess the risk assessment of your company and provide you with a tailored proposal that includes loan amount, term and interest rates. The business loan is an upfront-priced loan and you’ll be aware of the total amount to be paid, including any charges, interest rates or fees.
The interest rates on business loans rates depend on a variety of variables like the amount to be borrowed, what business assets the funds will be used for in addition to the industry that the company operates in, the long the company has been in operation and whether the business has enough cash flow to pay for the loan, as well as the overall health or financial standing of the company.
There are no hidden costs with our company loans. You’ll be aware of the amount you’ll be required to pay and at what time, from the day you sign up. There’s no compounding and there are no additional charges (as as long as you pay your payments on time).
We don’t charge an application fee. You are able to make an application for loans no cost upfront or any obligation to sign up.
The Origination Fee covers the costs associated with establishing and managing the loan. This is only a fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percentage of the amount of the loan.
You can choose to repay the entire amount of the loan at any point in time.
If you decide to take this route, please call our helpful business loan specialists. They will provide you with the details of your repayment along with an early payout estimate. This is calculated as the total of the remaining principal amount and the accrued interest up to the time of early payment, plus 1.5% of the remaining principal as well as any outstanding fees.
To help you avoid missing payments and to work with your cash flow cycle we offer repayments that are either weekly or daily. These are automatically withdrawn from your designated company account.
Protecting your information, and being transparent about the ways we gather data, process, exchange and secure your information, is of huge importance and a vital part of our relationship you.
Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal and financial data and our funders are ISO 27001 certified for our dedication to security for our customers and privacy. We employ an exceptionally sophisticated banking verification system to immediately verify your bank account details online. This allows us to provide quick responses.
Asset-based borrowing is when an company owner borrows from an asset they own to make the funds for a loan. The asset could be an individual asset, such as the family home, or it could be a company asset such as a vehicle as well as a piece of machine.
The majority of banks, not just the major banks, prefer to secure loans against assets. If you are having difficulty paying back the loan then the asset might be sold by the lender. In essence it’s means of securing new financing using the value of what you already have.
For loans that exceed $150K, no asset security is required before you can access the money, however we do need an individual guarantee. In the event that you fulfill the loan terms (as detailed in your loan contract) Asset security is not required. For loans over $150K generally, you can get personal ensure and security in the form an asset charge.
Although we can’t help with an unsecure business loan for those industries, we might be able to assist by providing the secured business loan.
