Services in Lexia
- Lexia Unsecured Business Loans
- Business Finance Lexia
- Business Lending Lexia
- Lexia Business Loan
- Lexia Small Business Finance
- Lexia Business Funding
- Lexia Working Capital
- Lexia Small Business Lending
- Lexia Short Term Business Loans
The requirements for getting an unsecured business loan in Perth of between $5K and $100K is fairly low.
Do you need more money? Check out the conditions of eligibility for our $100K to $500K business loans.
All you need to get started is your contact information (the name of your company and your name, as well as email and phone) as well as the amount you’d like to borrow, and your monthly earnings.
While in the process and before settlement we will require confirmation of your identity but not for starting:
Additionally after we get started with loans of more than $150,000 you will also require basic financial statements:
Let’s get started now.
Perth unsecured loans provides amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow friendly repayments that are either daily or weekly.
Apply to get the Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get an instant response and the money could be available in just 24 hours. Traditional company loans have an interest rate per annum along with other charges and fees. The business loan is a pre-paid loan therefore you’ll know ahead of time the total amount to be paid, including any interest, fees or charges. This is then broken down into either weekly or daily amount to be paid back.
It is a Small Business Loan can be used for virtually any company purpose including the management of cash flow, business renovations, marketing for purchasing inventory or new equipment, as general working capital and so much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans range from $100,000 to $500,000 with a fixed-term up to 36 months. Repayments are either weekly or fortnightly depending on 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 amount of the loan.
To be eligible for a loan in this amount the business needs to have been in operation for at least 3 years, and have an annual income of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) over 18 years, own a New Zealand business (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A larger business loan can be used to fund almost all company need, including company remodeling, buying inventory or new equipment or as general working capital and so much more. The loan is not available for personal reasons.
Asset security is necessary for funding of more than $150,000. It is usually in the form of a charge on assets, and could include registering this through the PPSR or the registration of a caveat.
A director’s or personal ensure is a commitment to pay back a loan that is generally based rather than stating the security for a particular asset. The person who is signing the guarantee is personally responsible if the business borrower is unable to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including items or assets). The PPSR allows preference over private property granted in accordance with the date on which a security interest that is registered.
Caveats are legal document that is filed to provide the public notice of a legal claim on a property.
When you’re applying for an enterprise loan that is greater than $250K it’s possible to offer a preliminary pre-approval to help smooth out the process. We may be able to apply for this without a credit verification and within 6 hours of your initial application. The pre-approval is based upon an initial assessment, which involves you answering some financial well-being checks. It is not an offer of credit or guarantee of financing. Unconditional approval is subject to a full credit assessment and any offer you may receive may be on different conditions.
You may be eligible for a business loan if you;
The application process is fast and easy. Simply complete the online form in just a few minutes, and an experienced company credit specialist will be in touch to help you.
To apply for up to $100,000, you’ll need proof of identity (valid Driver’s License), an active NZBN/IRD, and at least six months of bank statements.
For larger loan sizes, you’ll need:
$100K to $250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K-$500K: Information on the application including credit consent as well as 12 months bank statement, an IRD statements, last 2 years finalised financial statements, plus interim current financial year financials, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K or more) We can usually offer an answer in just one hour, provided you apply during quality business timings and allow us to utilise the advanced bank verification system to instantly verify your bank’s information online. If you decide to upload copies of your bank statements , we’ll be able to provide the decision within 1 company day.
For the Larger Business Loan ($100K up to $500,000) we may be able to offer the conditional pre-approval within about six hours. After you’ve signed the pre-approval document, you will require to wait approximately 2-3 days to receive final approval. However, this can be quicker based on the circumstances of each application. Certain deals have been approved within the space of 24 hours.
The quickest way to apply is to ensure you apply during standard business hours and permit us to use the modern bank verification to instantly check your bank’s information online. If you opt to send us the copies of bank statements , it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often offer an answer within one hour if you submit your request during normal business hours and permit us to use the advanced bank verification system to instantly verify your bank’s information online. If you decide to upload copies of your bank statements, we’ll be able to offer an answer in just 1 business day.
For the Larger Business Loans ($100K or more) We may be capable of offer the conditional pre-approval in about 6 hours. Once you have signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this could be shorter based on the particular circumstances of each application. Some agreements have been approved within less than 24 hours.
The most efficient method for you to apply is ensure you apply during standard business hours. Also, let us use the modern bank verification to instantly check your bank’s information online. If you send us duplicates of your banking accounts, it can take a bit longer.
We provide the loan amount between $5,000 and $500,000. When you submit an application for a particular amount, we look at a variety of elements to determine the health for your company and the extent of repayments that your business can afford. The total amount of your loan will be contingent on the specifics of your company.
If you apply for a certain amount, we consider a variety of variables to determine your health that is your company as well as the amount of the repayments your company can support. The total amount of your loan will be determined by the specific circumstances the company.
If you decide to request one of our company loan, we will assess the risk assessment that you have for your company and provide you with a tailored proposal that includes the amount of loan, the term and interest rates. This business loan is an upfront cost loan and you’ll be aware of the total amount to be paid, including any interest rates, fees or charges.
The interest rates on business loans rates differ based on various variables like the amount to be borrowed, what company assets the funds will be used for in addition to the industry that the business is operating in, how long the business has been in operation and what percentage of the business has enough cash flow to pay for the loan, and general health or financial standing of the business.
There aren’t any hidden costs with our business loans, and you’ll know precisely what you’ll need to pay and when, right from the first day. There’s no compounding and no extra fees (as long as you are able to make your payments in time).
We do not charge an application fee. You can make an application for loans no cost upfront or obligation to proceed.
The Origination Fee includes the expenses associated in establishing and managing the loan. It is only charged for this fee if you proceed with the loan. The Origination Fee for us is 2.5 percentage of the loan amount.
You may choose to pay back the entire amount of your loan at any point in time.
If you choose to do this please talk to one of our helpful business credit experts. They’ll provide you with repayment details and an early payment figure. This will be calculated as the total of the principal remaining and the accrued interest up to the time of the early payout plus 1.5% of the principal remaining and any fees that remain unpaid.
To make sure that you don’t miss due dates and also to be in line with your cash flow general, we provide repayments either daily or weekly. These are automatically withdrawn from your company account.
Security of your data, and making it clear the ways we gather data, process, exchange and safeguard your data, is crucial and is an essential part of our relationship with you.
Yes. We make use of industry-standard encryption techniques to protect your personal, sensitive financial information and our funders are ISO 27001 certified for our commitment to security for our customers and privacy. We utilise a sophisticated banking verification system to immediately verify your bank account information online, allowing us to offer a fast response.
An asset-based loan is when an business owner borrows from an asset that they own to secure a loan. The asset could be a personal asset like the family home, or an business property like a truck or piece of equipment.
The majority of lending institutions, including the banks with the biggest size, prefer to secure loans against an asset. If you are having difficulty paying back the loan then your assets could be sold by the lender. In essence, it is an opportunity to secure new financing using the value of what you already own.
Up to $150,000 in loans it is not necessary to secure assets upfront to access the money, however we require a personal guarantee. need a personal guarantee. If you adhere to your loan commitments (as specified in the loan contract), asset security is not needed. For loans that exceed $150K, generally, you are able to get an individual guarantee and security is provided in the form of the charge of assets.
