A Two Rocks unsecured business loan is quick and simple to apply for. Apply for a loan quickly and use the money for your company.
What you can expect:
The conditions for eligibility for an unsecured business loan to be made in Two Rocks are fairly minimal.
Call Now 1300 089 960The process of applying for an company loans for business in Two Rocks with us is simple and only takes less than a minute, with no mountains of paperwork or queues.
Get approved and receive your money within one to two business days.
We aim to help Two Rocks businesses of all kinds, including medium, small and even soloprenuers to get access to funding fast so they can utilise the loan to expand and develop.
The requirements for obtaining an unsecured business loan in Two Rocks of between $5K to $100K are quite minimal.
Need more funds? Take a look at the eligibility requirements for our $100K-$500K business credit.
The criteria to be eligible for the larger Two Rocks business loans of between $100K and $500K include:
Do you require a smaller amount of funding? Take a look at the conditions for eligibility for our $5K-$100K Two Rocks unsecured business loans.
A Two Rocks unsecured loan is great to use for every company reason. Contact us now.
Want to get started on one of these as soon as tomorrow? So, contact us or apply online now to get the fastest and most efficient process.
All that’s required to begin is your contact details (company name and your name, as well as email, phone) as well as the amount you’d like to borrow, and your monthly earnings.
Through the process and before settlement we will need confirmation of who you are but not to get started:
Once we’ve started, for loans greater than $150,000 you’ll require basic financial statements.
Let’s get started.
With banks and traditional lenders increasing their credit requirements The steady flow of alternative and non-bank loan providers that are entering the market offers an incredible source to make use of.
Two Rocks SME’s are now capable of accessing finance through alternate lenders servicing Two Rocks who are focused on facilitating business expansion or smoothing cash flow issues. The past was when the personal sources of credit (drawing equity from a house loan, or using credit cards in addition to personal loans and the overdraft) was the sole alternative financing solutions for Two Rocks that were around.
There’s not a requirement for you to rely on real estate to secure company credit. With an unsecured loan, business financing is easy. Instead of a loan for a term with a bank, business finance for an SME with interest rates and loan terms that can help with cash flow is available as business loan options.
There are many benefits by separating personal and company debt.
Limit your exposure, make the tax process much easier. Get started with an unsecure loan for business, apply today.
One major benefit of keeping your personal and company assets separate can be that your house does not have to be tied for access to the money. In the case of a business loan within Two Rocks up to $100K the security of assets won’t be required as long as the borrower meets the loan requirements.
Businesses are in a more favourable long-term financial position if they have a good credit or debt serviceability.
Separating personal and company finances makes it much more straightforward with regards to tax time, particularly when identifying what is the tax-deductible allocation. The IRD has laid out guidelines on the proof required to claim deductions on a company’s tax return. This is an area that the IRD has advised specifically on.
Effective cash flow management is essential to the long-term survival for any business. Through keeping the personal financial and company finances separate, businesses can easily view how they are performing, monitor and plan on their ability to accurately examine their cash flow.
Two Rocks unsecured loans provides the range of $5,000 to $100,000. Terms range from 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.
You can apply for your Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an immediate response, and the funds could be in your account in 24 hours. Traditional business loans reference an annual interest rate as well as other fees and charges. The business loan is a loan that is priced upfront so you will be aware of the amount you will have to pay, including any fees, interest or charges. This is then divided into weekly or daily repayment figure.
The Small Business Loan can be used to fulfill almost any company reason, such as cash flow management, company renovations, marketing to purchase inventory or new equipment, for general working capital, and much more. The loan is not available for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans range between $100,000 and $500,000 with a term fixed for up to 36 months. Repayments are either weekly or fortnightly to work with the flow of cash.
It is important to note that the Larger Business Loan has an Origination Fee, which is calculated 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 operating for a minimum of 3 years and generate an annual revenue of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own 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 for nearly any company purpose including company remodeling, buying new equipment or inventory or as general working capital and much more. The loan is not available for personal purposes.
Asset security is needed for funding of more than $150,000. It is usually in the form of a charge over assets, and may include registering this in the PPSR or filing as a caveat.
A personal or director’s guarantee is a promise to repay a loan which is generally based rather than stating security over an 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 registry run by the New Zealand Government. It reflects security interests that are registered for personal property (including goods or assets). The PPSR allows preference over private property granted according to the date a security interest has been registered.
A caveat is a legal document lodged to provide an official notice of a claim to a property.
If you’re seeking an enterprise loan of $250,000 or more we may be able to provide an initial pre-approval to ease the process. We might be able to do this 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 well-being checks. This is in no way an offer, nor is it a guarantee of finance. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer that you may receive may be on different terms.
You may apply for a business loan if you;
The application process is quick and easy. Simply complete the online form within a few minutes and a dedicated business lending specialist will be in touch to help you.
For a loan of up to $100,000 you’ll need the right identification documents (valid Driver’s License), a valid NZBN/IRD and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll also require:
$100K-$250K: Details of application, including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K-$500K: Application details including credit consent, 12 months bank statement, an IRD statements, last 2 years finalised financial statements, in addition to interim current financial year financials, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K or more) we usually provide a response in one hour if you apply at quality business hours and you allow us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you opt to upload copies of your bank statements we can offer a decision in just 1 company day.
For the Larger Business Loan ($100K or more) we could be likely to provide you with conditional pre-approval within about six hours. Once you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval, however this can be quicker based upon the circumstances for each application. Some transactions have received approval within less than 24 hours.
The most effective method for you to apply is make sure you apply during standard business hours. Also, allow us to use the advanced bank verification system link to instantly check your bank’s information online. If you upload documents from your account accounts, it will take a little longer.
For the Small Business Loan ($5K or more) We can usually offer a response in one hour, provided you make your application within standard business time and you allow us to use the advanced bank verification system to immediately verify your bank account information online. If you decide to submit copies of your bank statements we can offer a decision in as little as 1 business day.
For the Larger Business Loans ($100K or more) we could be able to provide the conditional pre-approval in about six hours. Once you’ve signed the pre-approval form, it will take around 2-3 days for final approval, however this can be faster depending upon the circumstances for each application. Some transactions have received approval in 24 hours.
The fastest method is to make sure you apply during normal business hours and allow us to use our sophisticated bank verification link to confirm your bank details online. If you send us duplicates of your banking accounts, it can take a bit longer.
We provide loans that range from $5,000 and $500,000. When you submit an application for a particular amount, we take into consideration a range of variables that determine your health for your company and the amount of payments your company can support. The total amount of your loan will depend on the specific circumstances for your business.
When you make an application for a set amount, we consider a variety of variables to assess the health of your company and the level of payments your business can afford. The total amount of your loan will be determined by the specific circumstances for your company.
If you decide to apply for business loans with us business financing, we’ll assess the risk assessment for your company and offer you with a customised proposal that includes the loan amount, the terms and interest rates. This business loan is a loan that is priced upfront and you’ll know the exact amount to be paid, including any charges, interest rates or fees.
The interest rates on business loans rates differ based on various variables like the amount to be borrowed, the business assets the money are used to purchase in addition to the industry that the business operates in, the long the company has been running for, in the event that the company has sufficient cash flow to pay for the loan, and also the overall well-being or financial standing of the business.
There aren’t any hidden charges for our business loans, and you’ll know precisely how much you’ll need to pay and when, right from the very 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 make an application for loans without any upfront costs or obligation to proceed.
The Origination Fee covers the expenses involved with establishing and managing the loan. This is only a fee if you decide to take the loan. Our Origination Fee is 2.5% of the amount of loan.
You can decide to repay the entire amount of your loan in full at any time.
If you decide to pursue this option, please talk to one of our helpful company loans professionals. We will offer you with details for repayment along with an early payout estimate. The figure will be calculated as the sum of the principal remaining and the accrued interest up to the date of early payout plus 1.5 percent of the remaining principal as well as any outstanding fees.
In order to help you avoid missing repayments and to fit in with your cash flow cycle we offer repayments either daily or weekly. These are automatically deducted from your designated business account.
Security of your data, and being transparent about the ways we gather information, use it, and exchange it, as well as secure your information, is of huge importance and is a crucial element of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your personal, sensitive financial information and our funders are ISO 27001 certified for our commitment to customer security and privacy. We make use of an advanced bank verification system that allows you to instantly verify your bank account details online, allowing us to offer quick responses.
An asset-based loan is when the company owner uses an asset that they own to obtain the loan. The asset can be an asset belonging to the personal, like the family home or it could be a business asset such as a vehicle as well as a piece of machine.
The majority of lending institutions, not just the banks with the biggest size, prefer to make loans secured by an asset. If you’re having trouble paying back the loan then the asset could be offered for sale by the lender. In essence it is means of securing new financing using the worth of the asset you already have.
For loans that exceed $150K, no asset security is required upfront to access the money, however we do need the personal guarantee. As long as you follow your loan commitments (as stipulated in your loan contract), asset security will never be needed. If you take out loans in excess of $150K generally there is the option of a personal ensure and security in the form of an asset charge.
While we aren’t able to help with an unsecure business loan in those industries, we might be able to assist you with secured business loan.
