Services in Lexia
- Lexia Unsecured Business Loan
- Business Finance Lexia
- Business Lending Lexia
- Business Loans Lexia
- Lexia Small Business Finance
- Business Funding Lexia
- Lexia Working Capital
- Lexia Small Business Lending
- Lexia Short Term Business Loan
The requirements for obtaining an unsecured business loan in Perth of between $5K and $100K is fairly low.
Do you need more money? Take a look at the conditions of eligibility for our $100K-$500K business financing.
All that’s required for starting is your contact information (the name of your company, your name, email or phone number) 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 need confirmation of your identity, but not before we can begin:
After we start in the process, for loans greater than $150,000 you will also require fundamental financial statements:
Let’s get started now.
Perth unsecured loans provides amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow-friendly repayments, which are either daily or weekly.
You can apply for this Small Business Loan in under 10 minutes on the internet or by phone. You will receive a same day response and the funds could be available in just 24 hours. Traditional business loans refer to an annual rate of interest along with other charges and fees. This business loan is a loan that is priced upfront therefore you’ll know ahead of time the total amount to be paid, including any fees, interest or charges. Then, it is divided into a daily or weekly payment amount.
A Small Business Loan can be used for virtually every company use, including cash flow management, company renovations, marketing, to purchase inventory or new equipment, to fund general working capital, and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans range between $100,000 and $500,000 with a fixed-term for up to 36 months. Repayments are either weekly or fortnightly depending on your situation.
A Larger Business Loan has an Origination Fee which is calculated at 2.5 percentage of the loan amount.
To be eligible for a credit in this amount, your company needs to have been operating for at least three years with an annual turnover of at least $700K. Your company must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand company (with a valid NZBN/IRD) and be able to prove at the least 12 months of operating.
A large business loan can be used for nearly any company purpose including company renovations, to purchase new equipment or inventory or as general working capital and so much more. The loan is not available for personal use.
Asset security is required for accessing funds over $150,000. It’s in the form of a charge on assets, and may include registering this with the PPSR or registering as a caveat.
A director’s or personal ensure is a commitment to pay off a credit line that is general in nature rather than defining security over an asset. The person who is signing the guarantee is personally liable in the event that the company the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including objects or assets). The PPSR allows the priority of personal property granted according to the date the security interest has been registered.
An affidavit is an official document lodged to offer an official notice of a claim against a property.
If you’re requesting the Larger Business Loan of $250K or more, we may offer a preliminary pre-approval to help smooth out the process. We may be able to get this done without a credit verification and within six hours of your initial application. The pre-approval is based upon a preliminary assessment which includes you answering some financial well-being questions. It’s neither an offer nor a guarantee of finance. Unconditional approval is subject to an extensive credit evaluation and any offer you receive could be subject to different terms.
You can apply for a company loan if you:
The application process is fast and easy. Simply complete the online form within a couple minutes, and a dedicated business loan specialist will contact you to assist you.
To apply for up to $100,000 you’ll require proof of identity (valid Driver’s License) as well as a valid NZBN/IRD as well as at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K to $250K: Details of application, including credit consent, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Application details including credit consent and 12 months of bank records, IRD statements as well as the two most recent years’ financial statements, and interim current financial year financials including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K or more) we usually provide a response in one hour, provided you make your application within quality company time and let us utilise the advanced bank verification system link to instantly verify your bank details online. If you decide to send us copies of your bank statement, we’ll offer an answer within the span of one business day.
For the Larger Business Loan ($100K or more) we may be capable of provide you with pre-approval conditional to your application in about 6 hours. Once you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval. However, this can be quicker based upon the circumstances for each application. Certain transactions have received approval within 24 hours.
The fastest way for you to apply is ensure you apply during normal business hours. You can also let us use the modern bank verification link to instantly check your bank’s information online. If you decide to send us the copies of bank statements it can take a bit longer.
For the Small Business Loan ($5K up to $100,000) we usually offer a response in one hour – provided you make your application at standard business timings and permit us to use the advanced bank verification system link to instantly verify your bank information online. If you opt to submit copies of your bank statements, we are able to provide an answer in as little as 1 business day.
For Larger Business Loans ($100K to $500K) we might be able to offer you with pre-approval conditional to your application within six hours. After you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval. However, this can be faster depending on the circumstances of each application. Some agreements have been approved in just 24 hours.
The fastest method would be to make sure you apply during normal business hours and allow us to use the advance bank verification link to verify your bank account information online. If you upload copies of your bank statement, it takes a bit longer.
We provide loans ranging from $5,000 and $500,000. When you submit an application for a specific amount we look at a variety of factors to determine what is the health of the company and the level of repayments your company can support. The total amount of your loan will depend on the particular circumstances of your company.
When you make an application for a set amount, we look at a range of factors to assess how much we can lend you such as well-being for your business and the amount of payments your company can afford. The amount you receive from the loan will be determined by the specific circumstances that are unique to your business.
If you decide to apply for business loans with us company financing, we will assess the risk assessment the company and offer you with a customised offer that includes the amount of the loan, the duration and interest rates. A company loan is an upfront priced loan and you’ll know in advance the total amount payable including any interest rates, fees or charges.
The interest rates on company loans rates depend on a variety of factors like the amount of money borrowed, what company assets the money will be used for, the industry the company is operating in, how long the business has been in operation, in the event that the company has enough cash flow to support the loan, as well as the overall well-being or financial standing of the business.
There aren’t any hidden costs for our company loans. You’ll know precisely what you need to pay, and when, from day one. There’s no compounding interest and the loan comes with no additional fees (as as you make your payments in time).
We don’t charge an Application Fee. You can make an application for loans with no upfront cost or the obligation to take action.
The Origination Fee includes the expenses associated with establishing and managing the loan. This is only a cost if you take out the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.
You may choose to pay back all of your loan in full at any time.
If you decide to do this please call our helpful company credit experts. They will provide you with details for repayment along with an early payout estimate. This will be calculated as the sum of the principal remaining and the accrued interest up to the time of early payment plus 1.5% of the principal balance plus any outstanding fees.
In order to help you avoid missing repayments and to fit in your cash flow cycle we offer repayments either daily or weekly. These are automatically deducted from your business account.
Protecting your information, and knowing the ways we gather the information we collect, use, share and protect your information, is of huge importance and a vital element of our relationship with you.
Yes. We use industry recognised encryption techniques to protect your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our commitment to protecting the security of clients and privacy. We make use of an advanced bank 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 uses an asset that they own to get the funds for a loan. The asset can be an asset belonging to the personal, like the family home, or a company asset such as a vehicle or other piece of machinery.
The majority of lending institutions, even the banks with the biggest size, prefer to guarantee loans against an asset. If you are having difficulty paying back the loan, then the asset might be transferred to the lender. In essence, it is means of securing new financing by using the value of what you already own.
For loans of up to $150,000, the requirement for asset security is not required upfront to access the money however, we require a personal guarantee. need a personal guarantee. So long as you comply with your loan obligations (as stipulated in your loan contract) and you are able to meet your obligations, asset security will never be required. For loans that exceed $150,000, generally, you are able to get the option of a personal ensure and security is provided in the form of a charge over assets.
