A Postans unsecured business loan is quick and simple to obtain. Apply for a loan quickly and begin using the money to grow your company.
You can expect:
The eligibility requirements for an unsecured business loan for a company loan Postans are fairly minimal.
Call Now 1300 089 960The process of applying for the company credit for company in Postans with us is easy and takes just less than a minute, with no long lines of paperwork or waiting in line.
Receive approval and money within 1 to 2 company days.
We want to assist Postans companies of all sorts small, medium even entrepreneurs to obtain funding fast so they can utilise the loan to expand and grow.
The requirements for getting an unsecured business loan in Postans of between $5K and $100K is fairly low.
Need more funds? Check out the eligibility requirements for our $100K to $500K business loan.
The criteria to be eligible to be eligible for the larger Postans company loans of between $100K to $500K comprise:
Do you require a smaller amount of funds? Take a look at the conditions for eligibility for our $5K to $100K Postans unsecured business loans.
A Postans unsecured loan is great for almost every company use. Call us now.
Want to get started on one of these options as early as tomorrow? Then get in touch with us now or apply online for the quickjest fasted way.
All that is needed to start is your contact information (company name and your name, as well as email, phone) and the amount you want to borrow, and your monthly earnings.
Through the process and before settlement we’ll require confirmation of your identity but not before we can begin:
Once we’ve started in the process, for loans greater than $150,000 you will also need basic financial statements.
Let’s get started.
With traditional and bank lenders restricting credit and the constant stream of alternative and non-bank loan providers entering the market offers the perfect source to take advantage of.
Postans SME’s are now able to access finance through alternative lenders that service Postans who are focused on facilitating company growth or smoothing out problems with cash flow. The past was when individual credit providers (drawing equity from a home loan, or using credit cards in addition to personal loans and the overdraft) was the sole alternative financing solutions available in Postans that were available.
There is now not a need of having to rely on the real estate market to secure business credit. With an unsecured loan business financing is easy. Instead of a term loan with a bank, business finance for an SME with interest rates and loan terms that aid to manage cash flow are available as business credit options.
There are many advantages associated in separating personal from business debt.
Lower your risks, make the tax process much easier. Get started with an unsecure busines loan. Make an application today.
One major benefit of keeping your personal and company assets apart will be the fact that your home isn’t necessarily tied up to access the funds. If you’re looking for a small business loan within Postans up to $100K, asset security will not be required so in the event that the borrower has met the loan requirements.
Businesses will be in a advantageous long-term situation if they have a good credit or debt serviceability.
The separation of personal as well as business finances makes it much more straightforward when it comes to tax time - especially when it comes to determining the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has outlined the guidelines on the proof required to claim deductions on a company’s tax return. This is an area the IRD have specifically advised on.
A well-organised cash flow management system is essential to the longevity in any company. Through keeping the personal financial and company finance separate, businesses can easily view, monitor and plan based on their ability to easily evaluate their cash flow situation.
Postans unsecured loans provides amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.
The application to get this Small Business Loan in under 10 minutes on the internet or over the phone, receive an immediate response, and have the funds in your account within 24 hours. Traditional business loans are based on an annual rate of interest plus other fees and charges. This business loan is a loan that is priced upfront which means you know ahead of time the amount you will have to pay, including any fees, interest or charges. This is then broken down into either a daily or weekly amount to be paid back.
A Small Business Loan can be used for virtually every company reason, such as cash flow management, business remodeling, marketing to purchase inventory, new equipment, as general working capital and so much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. Loans are between $100,000 and $500,000 with a fixed-term for up to 36 months. Repayments are weekly or fortnightly to work with the flow of cash.
The Larger Business Loan has an Origination Fee, which is calculated at 2.5% of the loan amount.
To be eligible for a loan that is this large, your company needs to be operating for at least three years and have an annual turnover of at least $700K. 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 business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.
A Larger Business Loan can be used to fund almost every company purpose including company renovations, purchase of equipment or inventory, as general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is required to obtain funding above $150,000. It is usually in the form of a charge over assets and can include the registration of this on the PPSR or filing as a caveat.
A director’s or personal guarantee is a guarantee to repay a loan which is general in nature, rather than specifying security over a particular asset. The person signing the guarantee is personally accountable if the company borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including the assets or goods). The PPSR gives prioritisation over property that is personal to be granted in accordance with the date on which a security interest that is registered.
A caveat is a legal document filed to provide notice of a legal claim to a property.
When you’re applying for the Larger Business Loan of $250,000 or more we can offer an initial pre-approval that will help make the process. We could be able to do this without a credit check, and within 6 hours of the initial application. The pre-approval process is based on an initial evaluation that involves you answering a few financial well-being questions. This is not an offer or guarantee of funds. The approval of a conditional loan is subject to a full credit assessment and any offer you may receive may have different conditions.
You may be eligible for a company loan if you;
The application process is simple and simple. Simply complete the online form within a few minutes and a dedicated business credit specialist will be in touch to guide you.
To be eligible for up to $100,000 you’ll require identification details (valid Driver’s License), a valid NZBN/IRD as well as at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll also require:
$100K to $250K: Application requirements, including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K-$500K: Details of the application, including credit consent twelve months of bank statements, IRD statements as well as the two most recent years’ financial statements, as well as interim financial statements for the current year as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K up to $100,000) we usually provide an answer in just one hour if you make your application at standard business time and let us make use of the advanced bank verification system to instantly verify your bank details online. If you want to upload copies of your bank statements , we are able to offer a decision within 1 company day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we might be likely to offer you with pre-approval conditional to your application in around 6 hours. Once you have signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this could be shorter based on the specifics of each application. Some deals have been approved in 24 hours.
The most efficient method is to ensure you apply during normal business hours. You can also allow us to use our advanced bank verification system to check your bank’s information online. If you opt to send us duplicates of your banking statement, it will take a little longer.
For the Small Business Loan ($5K and up) We can usually offer an answer in just one hour – as long as you make your application in normal business times and let us make use of the advanced bank verification system link to instantly verify your bank’s information online. If you opt to send us copies of your bank statements we can provide the decision within an business day.
For the Larger Business Loans ($100K and up) we might be likely to provide you with conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval document, you will require to wait approximately 2-3 days to receive final approval. However, this can be faster depending on the circumstances of each application. Certain deals have been approved in less than 24 hours.
The fastest way for you to apply is make sure you apply during normal business hours. You can also let us use the sophisticated bank verification link to instantly confirm your bank details online. If you choose to send us duplicates of your banking statement, it can take a bit longer.
We offer loans ranging from $5,000 and $500,000. If you apply for a specific amount we consider a variety of aspects in order to assess what is the health for your company and the amount of repayments your company can support. The total amount of your loan will depend on the particular circumstances the company.
If you apply for a specific amount we will consider a number of aspects to assess your health for your business and the extent of repayments that your business is able to afford. The amount you receive from the loan will be determined by the particular circumstances of your company.
When you make an application for our company credit, we will assess the risk assessment that you have for your business and offer you with a customised proposal that includes the amount of the loan, the duration and interest rates. It is a business loan is a loan that is priced upfront so you will know the exact amount due, which includes any interest rates, fees or charges.
Interest rates for business loans rates differ based on various variables like the amount to be borrowed, the business assets the money are used to purchase as well as the field the business is in, how long the company is in operation as well as how long the company has sufficient cash flow to cover the loan, and the overall well-being or creditworthiness of the business.
There are no hidden costs for our business loans. You’ll know exactly how much it is that you need to pay and when, starting from the very first day. There’s no compounding and no additional fees (as as you make your payments punctually).
We don’t charge an application fee. You can request a credit loan with without any upfront costs or obligation to proceed.
The Origination Fee includes the expenses associated in establishing and managing 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.
You can decide to repay all of your loan at any point in time.
If you do decide to take this route, please contact our helpful business credit professionals. They will provide you with repayment details and an early payment figure. This will be calculated as the sum of the remaining principal amount and accrued interest to the time of early payment, plus 1.5 percent of the principal amount remaining and any fees that remain unpaid.
In order to help you avoid missing repayments and to fit in with your cash flow standard, we provide payments that are either daily or weekly. These are automatically deducted from your nominated company account.
The security of your personal information, as well as knowing how we collect the information we collect, use, share and secure your information, is of paramount importance and is an essential part of our relationship you.
Yes. We employ industry-recognised encryption standards to secure your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our commitment to protecting the security of clients and security. We use an advanced bank verification system that allows you to immediately confirm your bank account information online. This allows us to offer an immediate response.
The term "asset-based" refers to borrowing where the company owner makes use of an asset that they own to get a loan. The asset could be an asset belonging to the personal, like the family home or a business asset such as a truck or other piece of machinery.
The majority of the lenders even the largest banks, are inclined to secure loans against an asset. If you’re having trouble paying back the loan, your asset may be transferred to the lender. In essence it is the process of securing new financing by using the worth of the asset you already own.
For loans that exceed $150K, no asset security is required upfront to 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 will never be needed. For loans of over $150K generally, there is a personal ensure and security that is in the form charges on assets.
Although we can’t help with an unsecure business loan for these industries, we may be able to help you by providing an secured business loan.
