Services in Lexia
- Unsecured Business Loans Lexia
- Business Finance Lexia
- Business Lending Lexia
- Business Loan Lexia
- Small Business Finance Lexia
- Lexia Business Funding
- Lexia Working Capital
- Lexia Small Business Lending
- Short Term Business Loans Lexia
The requirements for getting an unsecured business loan in Perth of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Take a look at the conditions of eligibility for our $100K-$500K company loan.
All that’s needed to begin is your contact information (company name, your name, email address, phone) and the amount you’d like to borrow as well as your monthly income.
While in the process and before settlement we’ll require confirmation of your identity, but not before we can begin:
After we start with loans that exceed $150,000, you will also need basic 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 month and cash flow-friendly repayments, which are either daily or weekly.
You can apply for your Small Business Loan in under 10 minutes via the internet or over the phone, receive an instant response and have the funds on your account within 24 hours. Traditional company loans have an annual rate of interest along with other charges and fees. We offer a business loan is a cash-based loan so you will be aware of the total amount payable including the interest, fees and charges. This is then broken down into either weekly or daily repayment figure.
It is a Small Business Loan can be used for almost any company reason, such as managing cash flows, business improvements, advertising, to purchase inventory or new equipment, for general working capital and so much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger size of loan that can be used to fund business expansion opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of for up to 36 months. The repayments are made weekly or fortnightly in order to accommodate your cash flow.
A Larger Business Loan has an Origination Fee that is calculated at 2.5% of the loan amount.
In order to be eligible for a loan of this size, your company needs to have been trading 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 and have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A larger company loan can be used to fund almost every business need, including company renovations, to purchase new equipment or inventory, as general working capital and much more. The loan cannot be used for personal purposes.
Asset security is necessary to access funding over $150,000. This is by taking a charge over assets, and may include registration in the PPSR or the registration of a caveat.
A director’s or personal guarantee is a commitment to pay off a credit line that is general in nature rather than stipulating security over an asset. The person who is signing the guarantee is personally accountable if 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 records security interests that have been registered in respect of personal property (including goods or assets). The PPSR allows prioritisation over property that is personal to be assigned in accordance with the date on which a registration of a security interest.
An affidavit is an official form of document to offer the legal claim on a property.
If you’re seeking an enterprise loan of $250,000 or more it’s possible to offer a preliminary pre-approval to help ease the process. We could be able to apply for this without credit checks and within six hours of your initial application. The pre-approval process is based on an initial assessment, which involves answering a couple of financial well-being questions. This is in no way an offer, nor is it a guarantee of financing. A conditional approval is subject an exhaustive credit evaluation, and any offer you are offered could be on different conditions.
You are eligible to apply for a business loan if you:
The process for applying is fast and easy. Simply complete the online form within a couple minutes, and an experienced company expert in lending will call you to assist you.
To apply for up to $100,000 you’ll require identification details (valid Driver’s License), a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K to $250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K – $500K: Details for application including credit consent and 12 month bank accounts, the IRD statement Last 2 years’ finalised financial statements, in addition to interim financials for the current financial year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K up to $100,000) we can often provide a response in one hour – as long as you apply within quality business timings and let us make use of the advanced bank verification system to instantly verify your bank details online. If you decide to submit copies of your bank statements we can offer a decision within just the span of one company day.
For Larger Business Loans ($100K and up) we might be likely to provide the conditional pre-approval 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. Some transactions have received approval within the space of 24 hours.
The most effective method is to make sure you apply during standard company hours. You can also allow us to use our modern bank verification link to instantly verify your bank account information online. If you opt to send us duplicates of your banking statements , it may take a bit longer.
For the Small Business Loan ($5K or more) We can usually offer an answer in just one hour, provided you submit your request within standard business times and permit us to make use of the advanced bank verification system to instantly verify your bank information online. If you want to submit copies of your bank statement, we’ll offer the decision in just one business day.
For Larger Business Loans ($100K or more) we could be capable of provide the conditional pre-approval in about 6 hours. After you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however it could be faster based on the particular circumstances of each application. Certain deals have been approved within the space of 24 hours.
The fastest way can be make sure you apply during standard business hours. You can also let us use the sophisticated bank verification to check your bank’s information online. If you send us documents from your account statements it can take a bit longer.
We offer loans ranging from $5,000 to $500,000. When you submit an application for a certain amount, we take into consideration a range of elements for determining what is the health of your company and the extent of payments your company can afford. The total amount of the loan will be determined by the specifics of your business.
When you make an application for a particular amount, we will consider a number of factors to assess the health for your company and the amount of repayments your business will be able to support. The total amount of your loan will depend on the particular circumstances that are unique to your business.
When you apply for one of our business financing, we’ll assess the risk profile the business and offer an individualised offer that includes the amount of the loan, the duration and the interest rates. It is a company loan is an upfront cost loan which means you be aware in advance of the total amount you will have to pay, including charges or interest.
The interest rates on company loans rates vary due to factors like the amount of money of money borrowed, the business assets the funds are used to purchase, the industry the business is in, how long the company is in operation, whether the company has sufficient cash flow to pay for the loan, as well as the overall well-being and creditworthiness of the company.
There aren’t any hidden charges for our company loans. You’ll know precisely how much you’ll need to pay and when, starting from day one. There’s no compounding and there are no additional charges (as long as you make your payments on time).
We don’t charge an application fee. You are able to get a cash loan with without any upfront costs or obligation to proceed.
The Origination Fee covers the costs associated with establishing and managing the loan. It is only charged for this cost if you take out the loan. The Origination Fee for us is 2.5 percent of the loan amount.
You can decide to repay the entire amount of your advance loan at any time.
If you do decide to take this route, please talk to one of our helpful company lending specialists. We will provide you with repayment details as well as an early payout amount. It will be calculated using the total of the principal amount remaining plus any accrued interest as of the date of early payout plus 1.5% of the remaining principal and any outstanding fees.
To help you avoid missing payment dates and to align with your cash flow general, we provide payments that are either weekly or daily. These are automatically deducted from your designated business account.
Security of your data, and making it clear how we collect data, process, exchange and protect your information, is of huge importance and is a crucial part of our relationship you.
Yes. We utilise industry-recognised encryption techniques to protect your personal, sensitive financial information and our funders are ISO 27001 qualified for our commitment to the security of our clients as well as their privacy. We use an advanced banking verification system to instantly confirm your bank account information online so we can provide an immediate response.
An asset-based loan is when an business owner makes use of an asset that they own to secure the funding. The asset could be an individual property, such as the family home, or a company asset like a truck or piece of equipment.
The vast majority of the lenders even the banks with the biggest size, prefer to make loans secured by assets. If you have trouble paying back the loan, your assets could be transferred to the lender. In essence, it is a way of securing new financing by using the value of what you already have.
For loans of up to $150,000, it is not necessary to secure assets prior to the loan’s access however, we require a personal guarantee. need a personal guarantee. If you adhere to the loan terms (as detailed in your loan contract) the security of assets will never be needed. If you take out loans in excess of $150,000 generally there is a personal ensure and security that is in the form charges on assets.
