A Two Rocks unsecured business loan is easy and quick to apply for. Get a quick apporval and start using the funds to grow your company.
What you can expect:
The conditions for eligibility for an unsecured business loan for a business loan Two Rocks are fairly minimal.
Call Now 1300 089 960Making an application for an company financing in Two Rocks with us is easy and takes only a few minutes, no lengthy forms or lines.
Approved and receive funds in one to two company days.
We aim to help Two Rocks businesses of all kinds, from small to medium-sized solopreneurs access funding fast so they can utilise the loan to expand and grow.
The requirements for obtaining an unsecured business loan in Two Rocks of between $5K and $100K are fairly minimal.
Looking for more funding? Find out the eligibility requirements for our $100K to $500K company loans.
The requirements for eligibility of the larger Two Rocks business loans of between $100K to $500K comprise:
Looking for a smaller amount of capital? Check out the guidelines for eligibility for our $5K to $100K Two Rocks unsecured company loans.
A Two Rocks unsecured loan is perfect for virtually any business purpose. Call us now.
Do you want to begin one of these projects as soon as tomorrow? Contact us now or apply online to get the fastest and most efficient process.
All that is needed to begin is your contact information (the name of your company, your name, email address, phone) as well as the amount you’d like to borrow, as well as your monthly income.
While in the process and before settlement we will require confirmation of who you are, but not for starting:
In addition, once we have started with loans over $150,000 you will also require the following financial statements:
Let’s get started.
With traditional and bank lenders restricting credit, the steady stream of non-bank and alternative loan providers entering the market offers an excellent source to access.
Two Rocks SME’s are now in a position to obtain finance via alternative lenders that service Two Rocks who are focused on facilitating company growth or smoothing the cash flow problems. In the past, personal credit sources (drawing equity from a home loan, or using credit cards in addition to personal loans and overdrafts) was the sole alternative financing solutions for Two Rocks that were available.
There’s no need in the present to rely on using real estate to secure company credit. With an unsecured loan, business financing is easy. Instead of a traditional term loan from banks, business finance for a small company with interest rates and loan terms that help to manage cash flow are around as business loan options.
There are many benefits with the separation of personal and company debt.
Reduce your risk, make the tax process easier, get started with an unsecure loan for business. Make an application today.
One big drawcard for keeping your business and personal business assets apart is that your house does not have to be tied to the funds. For a small business loan within Two Rocks up to $100K the security of assets won’t be required as in the event that the borrower has met their loan obligations.
Businesses will be in a favourable long-term financial position if they have a good credit or debt ability to service.
The separation of personal as well as business financial accounts makes it more seamless with regards to tax time - particularly when determining what is the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has outlined the guidelines on the proof required to be able to claim deductions on an individual’s tax return. This is an area that the IRD has advised specifically on.
Effective cash flow management is key for the long-term success for any business. Through maintaining personal as well as business finances separate, companies can easily view, monitor and plan based on their ability to accurately evaluate their cash flow situation.
Two Rocks unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.
You can apply for this Small Business Loan in under 10 minutes via the internet or over the phone, receive an instant response and have the funds available in just 24 hours. Traditional business loans have an annual interest rate as well as other fees and charges. This company loan is a loan that is priced upfront and you’ll know in advance the amount you will have to pay, including any fees, charges or charges. Then, it is broken down into either a daily or weekly payment amount.
A Small Business Loan can be used for nearly every company use, including the management of cash flow, company remodeling, marketing to purchase inventory or new equipment, to fund general working capital, and much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger size loan to aid in company growth opportunities. Loans range between $100,000 and $500,000 for a fixed period of with a maximum of 36 months. Repayments are either weekly or fortnightly in order to accommodate your cash flow.
A Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the amount of the loan.
To be eligible for a credit of this size, your business needs to have been in operation for at least 3 years and generate an annual revenue of $700,000. Your business must belong to 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 minimum 12 months of continuous trading.
A large company loan is a great option for almost every business reason, such as business remodeling, buying new equipment or inventory or as general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is necessary to access funding over $150,000. This can be done as a result of an charge on assets, and may include registration through the PPSR or filing a caveat.
A director’s or personal ensure is a promise to pay off a credit line that is general in nature, rather than defining the security for a particular asset. The person signing the guarantee is personally liable in the event that the company lender is not able to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including objects or assets). The PPSR grants priority over personal property to be assigned depending on the date that a security interest was registered.
Caveats are legal document that is filed to offer the public notice of a legal claim against a property.
When you’re applying for an enterprise loan of more than $250,000, we may offer an initial pre-approval in order to simplify the process. We might be able to make this decision without a credit check, and within 6 hours of your initial application. This pre-approval is made based on a preliminary assessment which includes the answer to a series of financial health checks. This is in no way an offer, nor is it a guarantee of funds. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you are offered could have different terms.
You may apply for an business loan if you:
The application process is fast and easy. Simply complete the online form within a couple minutes, and an experienced business credit specialist will be in touch to assist you.
For a loan of up to $100,000 you’ll require proof of identity (valid Driver’s License) and a valid NZBN/IRD and at least six months of bank statements.
For larger loan sizes, you’ll need:
$100K to $250K: Application requirements, including credit approval, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Information on the application including credit consent twelve months of bank statements, IRD statements Last 2 years’ finalised financial statements, and interim current financial year financials as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K to $100K) we can often offer an answer within one hour – as long as you apply in quality company hours and you allow us to make use of the advanced bank verification system link 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 a decision in just one company day.
For the Larger Business Loan ($100K to $500K) we could be likely to offer you with a conditional pre-approval in about six hours. Once you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this may be quicker depending on the circumstances of each application. Certain offers have been approved within just 24 hours.
The quickest way to apply for you to apply is ensure you apply during standard business hours. You can also allow us to use the advanced bank verification system link to instantly verify your bank information online. If you choose to send us copies of your bank statement, it takes a bit longer.
For the Small Business Loan ($5K to $100K) we can often provide an answer in just one hour – as long as you make your application within normal business timings and you allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you opt to send us copies of your bank statements we can offer a decision in just an business day.
For Larger Business Loans ($100K up to $500,000) we might be able to offer the conditional pre-approval in about 6 hours. Once you have signed the pre-approval document, you will require to wait about 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Some offers have been approved in less than 24 hours.
The most effective method for you to apply is ensure you apply during standard business hours, and allow us to use the advanced bank verification system to confirm your bank details online. If you opt to upload documents from your account statements, it may take a bit longer.
We provide the loan amount between $5,000 to $500,000. When you make an application for a specific amount we look at a variety of elements for determining what is the health of the business as well as the amount of payments 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 business.
If you apply for a certain amount, we look at a range of elements to assess the well-being of your business and the amount of payments your company is able to afford. The amount you receive from your loan will be determined by the particular circumstances the company.
When you apply for our company loans, we will assess the risk assessment of your business and offer you with a tailored offer, including the amount of the loan, the duration and interest rates. It is a company loan is an upfront priced loan and you’ll know the exact amount you will have to pay, including interest rates, fees or charges.
The interest rates on business loans rates depend on a variety of factors like the amount of money borrowed, the company assets the money will be used for as well as the field the business is operating in, how long the business has been in operation and whether the company has enough cash flow to cover the loan, and overall health as well as creditworthiness company.
There aren’t any hidden charges with our company loans. You’ll know exactly how much you’ll be required to pay and at what time, from day one. There’s not any compounding interest and no extra fees (as long as you make your payments punctually).
We do not charge an application fee. You are able to get a cash loan with no upfront cost or commitment to apply.
The Origination Fee covers the expenses involved with establishing and managing the loan. It is only charged for this cost if you take out the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You can choose to repay the entire amount of your loan in full at any time.
If you do decide to pursue this option, please call our helpful business loan professionals. We will provide you with repayment details and an early payment figure. The figure will be calculated as the total of the principal balance and accrued interest to the date of early payout, plus 1.5 percent of the remaining principal as well as any outstanding fees.
To ensure you do not miss due dates and also to be in line with your cash flow general, we provide payments that are either weekly or daily. They will be automatically deducted from the nominated business account.
Security of your data, and being transparent about how we collect information, use it, and exchange it, as well as protect your information, is of paramount importance and an integral part of our relationship with you.
Yes. We use industry recognised encryption techniques to protect your personal, sensitive financial information and our funders are ISO 27001 certified for our commitment to the security of our clients as well as their privacy. We employ an exceptionally sophisticated bank verification system link to instantly verify your bank account information online to offer rapid response.
The term "asset-based" refers to borrowing where a company owner utilises assets they own to obtain the funds for a loan. The asset can be an asset belonging to the personal, like the family home, or an company asset like a truck as well as a piece of machine.
The majority of banks, even the banks with the biggest size, prefer to guarantee loans against assets. If you’re struggling to pay back the loan, your assets could be sold by the lender. In essence, it’s the process of securing new financing making use of the value of what you already have.
Up to $150K in loans no asset security is required before you are able to access the money, however we do require a personal guarantee. If you adhere to your loan commitments (as stipulated in your loan contract) the security of assets will never be needed. For loans of over $150K generally there is the option of a personal guarantee and security that is in the form charges on assets.
We can’t assist with an unsecure business loan in these types of industries, we may be able to help you by providing a secured business loan.
