A Secret Harbour unsecured business loan is quick and easy to obtain. Approve your loan in a matter of minutes and use the money in your company.
You can expect:
The criteria for eligibility for an unsecured business loan for a business loan Secret Harbour are fairly minimal.
Call Now 1300 089 960Making an application for the company loans for company in Secret Harbour with us is easy and takes only a few minutes, no piles of paperwork or long waits.
Receive approval and money within one to two business days.
We aim to help Secret Harbour businesses of all kinds, from small to medium-sized solopreneurs access funding fast so they can utilise the loan to grow and build.
The criteria for eligibility for an unsecured business loan in Secret Harbour of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Find out the eligibility requirements for our $100K-$500K company credit.
The eligibility requirements in loans from larger Secret Harbour business loans of between $100K to $500K comprise:
Looking for a smaller amount of capital? Find out the eligibility requirements for our $5K to $100K Secret Harbour unsecured company loans.
A Secret Harbour unsecured loan is great for nearly every company use. Get in touch with us today.
Do you want to start working on one of these idea as quickly as tomorrow? So, contact us or apply online now for the quickjest fasted way.
All that’s required to start is your contact information (company name and your name, as well as email or phone number) as well as the amount you’d like to borrow, and your monthly revenue.
Through the process and before settlement we will require confirmation of your identity, but not to get started:
Additionally after we get started with loans of more than $150,000 you will also need basic financial statements:
Let’s get started.
With banks and traditional lenders tightening credit conditions as well as the continuous stream of alternative and non-bank loan providers that are entering the market offers a great resource to make use of.
Secret Harbour SME’s are now capable of accessing finance through alternative lenders that service Secret Harbour who are focused on enabling business growth or smoothing out cash flow challenges. The past was when the personal sources of credit (drawing equity from a house loan, or using credit cards and personal loans as well as overdrafts) was the sole alternative funding services within Secret Harbour that were available.
There is now there is no need of having to depend on the real estate market to secure company loans. With an unsecured loan, business funding is made simple. Instead of a traditional term loan from the bank, business finance for an SME with interest rates and loan terms that aid with cash flow is available as business loan options.
There are substantial benefits associated with the separation of personal and business debt.
Reduce your risk, make tax time more simple, apply for an unsecure business loan, apply today.
One major benefit of keeping your individual and business assets separate is that your home does not have to be tied to the funds. For a modest business loan in Secret Harbour up to $100K an asset security agreement will not be needed as long as the borrower is able to meet the loan requirements.
Businesses are in a more favourable long-term position if they can demonstrate good credit/debt serviceability.
Separating personal and company finances makes it more straightforward with regards to tax time - particularly when determining what is the tax-deductible allocation. The IRD has outlined the rules on the evidence required for claiming deductions on a company’s tax return. This is an area the IRD have specifically advised on.
Effective cash flow management is key for the longevity for any company. Through keeping personal and business finances distinct, businesses can easily view the situation, track and plan based on the ability to clearly evaluate their cash flow situation.
Secret Harbour unsecured loans offers the range of $5,000 to $100,000. The terms range between 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.
Apply to your Small Business Loan in under 10 minutes by phone. You will receive an immediate response, and the funds could be in your account within 24 hours. Traditional business loans are based on an annual rate of interest along with other charges and fees. Our business loan is an upfront priced loan so you will know in advance the amount you will have to pay, including the interest, fees and charges. Then, it is broken down into a daily or weekly repayment figure.
A Small Business Loan can be used for almost any business reason, such as control of cash flow business remodeling, marketing, to purchase inventory or new equipment, to fund 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 expansion opportunities. Loans range between $100,000 and $500,000 with a fixed-term for up to 36 months. The repayments are made weekly or fortnightly depending on your situation.
This Larger Business Loan has an Origination Fee that is determined at 2.5 percent of the loan amount.
In order to be eligible for a loan that is this large the company needs to be trading for at least 3 years and have 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 and have a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.
A Business Loan of a larger size is a great option for almost any business use, including business improvements, purchasing equipment or inventory or 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’s in the form of a charge on assets, which could also be registered on the PPSR or making a caveat.
A director’s or personal guarantee is a promise to pay off a credit line that is generally in nature rather than specifying the security for a particular asset. The person who is signing the guarantee is personally liable in the event that the business creditor is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including goods or assets). The PPSR grants prioritisation over property that is personal to be granted in accordance with the date on which a registration of a security interest.
A caveat is a legal document that is filed to offer notice of a legal claim to a property.
If you’re applying for a Larger Business Loan that exceeds $250,000, we may offer an initial pre-approval in order to simplify the process. We could be able to apply for this without a credit check and within six hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering a few financial health checks. It is in no way an offer, nor is it a guarantee of funds. Acceptance without condition is subject to an extensive credit evaluation and any offer that you might receive could be subject to different terms.
You may apply for an company loan if you;
The process for applying is fast and simple. Just fill out the online application within a few minutes and a dedicated business lending specialist will call you to assist you.
To apply for up $100,000 you’ll need identification details (valid Driver’s Licence), a valid NZBN/IRD and at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll also need:
$100K-$250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K – $500K: Application details including credit consent twelve month bank accounts, the IRD statement Last 2 years’ finalised financial statements, as well as interim financials for the current financial year including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K to $100K) we typically provide an answer in just one hour – as long as you apply at standard company hours and permit us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you decide to submit copies of your bank statements , we will be able to provide a decision in as little as an company day.
If you are applying for a Larger Business Loan ($100K and up) we might be likely to offer you with pre-approval conditional to your application in around 6 hours. After you’ve signed the pre-approval form, it will take around 2-3 days for final approval, however this may be quicker depending on the particular circumstances of each application. Certain offers have been approved within the space of 24 hours.
The most effective method would be to ensure you apply during normal company hours. You can also let us use the advanced bank verification system link to verify your bank account information online. If you decide to upload documents from your account accounts, it may take a bit longer.
For the Small Business Loan ($5K and up) we typically provide an answer within one hour, provided you submit your request during standard business hours and you allow us to use the advanced bank verification system to instantly verify your bank details online. If you decide to upload copies of your banking statements we can offer an answer within one business day.
For the Larger Business Loans ($100K up to $500,000) we could be likely to provide the conditional pre-approval in around six hours. Once you have signed the pre-approval, turnaround times are around 2-3 days for final approval, however it could be faster based on the particular circumstances of each application. Certain transactions have received approval in less than 24 hours.
The fastest way would be to ensure you apply during standard business hours, and let us use the modern bank verification link to instantly verify your bank information online. If you choose to send us copies of your bank accounts, it may take a bit longer.
We provide loans ranging from $5,000 and $500,000. If you apply for a specific amount we consider a variety of elements for determining how much we can lend you health for your company and the extent of the repayments your business is able to afford. The amount you receive from your loan will be contingent on the specific circumstances that are unique to your company.
If you apply for a specific amount we take into consideration a variety of variables to determine the health for your company and the extent of repayments your company is able to afford. The total amount of your loan will depend on the specific circumstances for your company.
When you apply for the business loans, we’ll assess the risk assessment for your company and provide an individualised offer that includes the loan amount, the terms and interest rates. A company loan is a loan that is priced upfront which means you be aware of the total amount you will have to pay, including charges, interest rates or fees.
The interest rates on company loans rates depend on several factors including the amount that is borrowed, what business assets the money are used to purchase in addition to the industry that the business operates in, how long the company has been running, whether the company has sufficient cash flow to support the loan, and the overall well-being and creditworthiness of the company.
There are no hidden fees for our company loans. You’ll be aware of the amount you need to pay and when, starting from the first day. There’s no compounding and no extra fees (as long as you are able to make your payments on time).
We do not charge an Application Fee. You can request a credit loan with no upfront cost or commitment to apply.
The Origination Fee covers the expenses involved with the setting up and management of the loan. You are only charged this fee if you proceed with the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You can choose to repay all of your loan early at any time.
If you choose to do this please speak to our friendly company loans professionals. They’ll provide you with details on repayment and an early payment figure. The figure will be calculated as the sum of the principal balance and any accrued interest at the time of early payout, plus 1.5% of the remaining principal plus any outstanding fees.
To help you avoid missing due dates and also to be in line your cash flow schedule, we offer repayments either weekly or daily. These are automatically deducted from the nominated company account.
The security of your personal information, as well as being clear about the ways we gather, use, exchange and protect your information, is vital and an integral part of our relationship you.
Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our dedication to the security of our clients as well as their security. We make use of an advanced bank verification system that allows you to instantly confirm your bank account information online so we can provide an immediate response.
Asset-based borrowing is when the business owner uses the assets they have to get the funds for a loan. The asset can be either a personal asset like the family home, or an business asset such as a truck or piece of equipment.
The vast majority of lenders, including the banks with the biggest size, prefer to guarantee loans against an asset. If you are having difficulty paying back the loan, the asset could be sold by the lender. In essence, it is the process of securing additional financing taking advantage of the value of what you already have.
For loans of up to $150K, it is not necessary to secure assets upfront to access the money however, we do require the personal guarantee. As long as you follow your loan commitments (as stated in your loan contract document), asset security will never be required. For loans that exceed $150K, generally, you can get personal guarantee and security is provided in the form of a charge over assets.
We can’t assist with an unsecure business loan in these types of industries, we may be able to assist by providing secured business loan.
