A Postans unsecured business loan is simple and quick to obtain. Apply for a loan quickly and begin using the money to grow your company.
What to expect:
The criteria for eligibility for an unsecured business loan to be made in Postans are fairly minimal.
Call Now 1300 089 960Applying for business loans in Postans business loans within Postans with us is easy and takes only about a couple of minutes, there are no long lines of paperwork or waiting in line.
Get approved and receive your money within 1 to 2 business days.
Our purpose is to assist Postans companies of all types, whether small, medium or solopreneurs access money quickly, so that they can utilise the loan to grow and build.
The requirements for getting an unsecured business loan in Postans of between $5K and $100K are pretty minimal.
Looking for more funding? Take a look at the eligibility requirements for our $100K-$500K company credit.
The requirements for eligibility in loans from larger Postans company loans of between $100K and $500K include:
You are looking for a lesser amount of capital? Check out the eligibility requirements for our $5K to $100K Postans unsecured business loans.
A Postans unsecured loan is ideal to use for any company use. Get in touch with us today.
Are you looking to start one of these projects as soon as tomorrow? Get in touch with us or apply online now for the quickjest fasted way.
All you need to get started is your contact information (the name of your company, your name, email address and phone) along with the amount you’d like to borrow and your monthly revenue.
During the process and before settlement we’ll need confirmation of your identity, but not before we can begin:
Additionally after we get started when it comes to loans over $150,000 you’ll need basic financial statements:
Let’s get started.
With traditional lenders and banks tightening their credit terms The steady flow of alternative and non-bank loan providers that are entering the market offers an excellent source for you to access.
Postans SME’s are now able to access finance through alternative lenders who service Postans who are focused on facilitating company expansion or smoothing out problems with cash flow. In the past, the personal sources of credit (drawing equity from the house loan or credit cards and personal loans as well as the overdraft) provided the most viable alternative financing solutions within Postans that were around.
There’s no requirement for you to depend on the real estate market to secure business credit. With an unsecured loan, business financing is easy. Instead of a loan for a term with a bank, business finance for a small business with interest rates and loan terms that help with cash flow are available as business loans.
There are numerous benefits with separating personal and company debt.
Reduce your risk, and make tax times simpler, start with an unsecure loan for business. Make an application today.
One big drawcard for keeping your personal and business assets separate can be 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 long as the borrower is able to meet their loan obligations.
Businesses are in a more favourable long-term position if they are able to demonstrate credit/debt capacity to pay.
Separating personal and company finances makes it more seamless in the event of tax time - particularly when determining what is the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out requirements for evidence for claiming deductions on the tax return of a company. This is an area where the IRD have specifically advised on.
Effective cash flow management is key for the longevity of any company. By keeping the personal financial and business finances distinct, businesses can easily view, monitor and plan based on their ability to accurately determine their cash flow status.
Postans unsecured loans provides the range of $5,000 to $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments, which are either daily or weekly.
Apply to get your Small Business Loan in under 10 minutes over the phone, receive an instant response and funds may be in your account within 24 hours. Traditional business loans refer to an annual rate of interest together with additional fees and charges. The company loan is a cash-based loan so you will know ahead of time the total amount to be paid, including any interest, fees or charges. Then, it is broken down into either weekly or daily installment amount.
The Small Business Loan can be used for nearly every company use, including cash flow management, business remodeling, marketing to purchase inventory or new equipment, as general working capital and so much more. The loan is not available for personal use.
The Larger Business Loan is a larger loan size to support 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 you cashflow.
It is important to note that the Larger Business Loan has an Origination Fee that is determined at 2.5 percent of the loan amount.
To be eligible for a credit that is this large, your business needs to have been operating for a minimum of 3 years with an annual turnover of $700,000. The applicant must also 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 demonstrate at least 12 months of trading.
A large business loan can be used for almost every company use, including business renovations, purchase of inventory or new equipment for 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 by taking a charge against assets, and could include registering this through the PPSR or making as a caveat.
A personal or director’s ensure is a commitment to pay off a credit line that is general in nature, rather than specifying security over a particular asset. The person who signs the guarantee is personally liable if the company the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It lists security interests that are which are registered with respect to personal property (including goods or assets). The PPSR gives prioritisation over property that is personal to be granted in accordance with the date on which a registration of a security interest.
An affidavit is an official form of document to offer notice of a legal claim to a property.
If you’re applying for the Larger Business Loan that is greater than $250K we can offer an initial pre-approval in order to smooth out the process. We might be able to do this without a credit check and within six hours of your initial application. This pre-approval is based on an initial evaluation that involves the answer to a series of financial well-being questions. It’s in no way an offer, nor is it a guarantee of financing. The approval of a conditional loan is subject to an extensive credit evaluation and any offer you may receive may be subject to different terms.
You may apply for an company loan if you;
The application process is quick and simple. Just fill out the online application within a couple minutes, and a dedicated company credit specialist will call you to guide you.
To apply for up $100,000 you’ll require ID details (valid Driver’s License) along with an NZBN/IRD that is valid and at least six months of bank statements.
For larger loan sizes, you’ll require:
$100K to $250K: Details of application, including credit consent, 6 – 12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K – $500K: Application details including credit consent twelve months of bank statements, IRD statements, last 2 years finalised financial statements, and interim current financial year financials such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K to $100K) we can often provide a response in one hour if you make your application within standard company hours and allow us to make use of the advanced bank verification system to immediately verify your bank account information online. If you choose to upload copies of your bank statements we can offer the decision within just 1 business day.
For the Larger Business Loan ($100K or more) we might be capable of offer you with pre-approval conditional to your application in around 6 hours. Once you have signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this could be shorter based on the specifics of each application. Some transactions have received approval in less than 24 hours.
The most effective method would be to make sure you apply during standard company hours and permit us to use the advanced bank verification system to instantly check your bank’s information online. If you opt to send us copies of your bank statements , it takes a bit longer.
For the Small Business Loan ($5K or more) we typically offer an answer in just one hour, provided you apply within standard business time and let us make use of the advanced bank verification system to instantly verify your bank information online. If you want to send us copies of your bank statements we can provide the decision in as little as 1 business day.
For the Larger Business Loans ($100K to $500K) we could be in a position to offer you with conditional pre-approval in about 6 hours. Once you have signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this may be quicker depending upon the circumstances for each application. Some transactions have received approval within 24 hours.
The fastest way for you to apply is make sure you apply during standard business hours. You can also allow us to use the sophisticated bank verification link to instantly check your bank’s information online. If you opt to send us copies of your bank statements, it can take a bit longer.
We offer loans ranging from $5,000 to $500,000. If you apply for a specific amount we consider a variety of aspects in order 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 specific circumstances the company.
When you submit an application for a set amount, we consider a variety of aspects to determine your well-being for your company and the level of repayments that your company can support. The amount you receive from your loan will depend on the particulars for your company.
When you request one of our business loan, we’ll assess the risk assessment the company and offer an individualised offer including the amount of the loan, the duration and interest rates. This company loan is an upfront-priced loan therefore you will know in advance the total amount you will have to pay, including charges, interest rates or fees.
Interest rates for company loans rates vary due to variables like the amount to be of money borrowed, the company assets the money are used to purchase as well as the field the company operates in, how long the company has been in operation and what percentage of the company has enough cash flow to cover the loan, as well as the general health or creditworthiness of the business.
There are no hidden fees for our business loans, and you’ll be aware of the amount it is that you be required to pay and when, from the first day. There’s no compounding interest and the loan comes with no additional fees (as as long as you pay your payments in time).
We don’t charge an application fee. You can request a credit loan no cost upfront or obligation to proceed.
The Origination Fee covers the expenses involved with setting up and managing the loan. You are only charged this fee if you proceed with the loan. The Origination Fee for us is 2.5% of the amount of loan.
You can repay the entire amount of the loan early at any time.
If you decide to pursue this option, please talk to one of our helpful company loan specialists. The professionals will offer you with details on repayment and an early payout figure. It will be calculated using the total of the principal balance and any accrued interest at the time of early payment plus 1.5% of the principal balance as well as any outstanding fees.
To make sure you do not miss due dates and also to be in line your cash flow cycle we offer repayments either daily or weekly. These are automatically deducted from your nominated company account.
Making sure that your information is secure, and being upfront about the ways we gather the information we collect, use, share and safeguard your data, is crucial and is a crucial part of our relationship you.
Yes. We make use of industry-standard encryption standards to protect your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our dedication to customer security and security. We utilise a sophisticated banking verification system to immediately verify the bank account details online to provide quick responses.
Asset-based borrowing is when the business owner uses assets they own to obtain the funding. The asset may be an asset belonging to the personal, like the family home, or a company asset like a truck or piece of equipment.
The vast majority of lenders, even the big banks, tend to guarantee loans against an asset. If you have trouble paying back the loan then your assets could be offered for sale by the lender. In essence, it is a way of securing new financing by using the value of what you already own.
Up to $150K in loans there is no requirement for asset security before you are able to access the money but we do require the personal guarantee. In the event that you fulfill the loan terms (as stipulated in your loan contract) Asset security will never be needed. For loans over $150K generally there is the option of a personal ensure and security in the form of the charge of assets.
Although we cannot assist with an unsecured business loan in these types of industries, we may be able to help you by providing the secured business loan.
