Services in Eyre
- Unsecured Business Loans Eyre
- Business Finance Eyre
- Eyre Business Lending
- Eyre Business Loans
- Small Business Finance Eyre
- Business Funding Eyre
- Eyre Working Capital
- Small Business Lending Eyre
- Short Term Business Loans Eyre
The requirements for getting an unsecured business loan in Adelaide of between $5K to $100K are quite minimal.
Need more funds? Check out the guidelines for eligibility for our $100K-$500K business loans.
All you need to begin is your contact details (the name of your company and your name, as well as email and phone) along with the amount you’d like to lend, and your monthly income.
Through the process and before settlement we will require confirmation of who you are however, not in order to begin:
In addition, once we have started, for loans over $150,000 you’ll need the following financial statements:
Let’s get started now.
Adelaide unsecured loans offers the range of $5,000 to $100,000. The terms range between 3 and 24 months and cash flow-friendly repayments which can be made daily or weekly.
Apply to your Small Business Loan in under 10 minutes by phone. You will receive a same day response and the funds could be on your account within 24 hours. Traditional company loans refer to an annual rate of interest plus other fees and charges. Our business loan is a pre-paid loan which means you be aware of the amount you will have to pay, including any interest, fees or charges. This is then divided into weekly or daily installment amount.
It is a Small Business Loan can be used to fulfill almost every company need, such as control of cash flow business improvements, advertising to purchase inventory, new equipment, for general working capital, and 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 company expansion opportunities. Loans range between $100,000 and $500,000 over a fixed term up to 36 months. The repayments are made weekly or fortnightly, depending on the flow of cash.
This Larger Business Loan has an Origination Fee, determined at 2.5 percentage of the loan amount.
To be eligible for a credit of this size, your company needs to be operating for at least three years, and have an annual income of $700,000. You must be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A larger business loan can be used to fund almost every business reason, such as business renovations, purchase of new equipment or inventory as well as for general working capital and so much more. The loan is not available for personal purposes.
Asset security is needed for funding of more than $150,000. It is usually by way of charge against assets, and could include registering this with the PPSR or making as a caveat.
A director’s or personal guarantee is a commitment to pay off a credit line that is generally in nature rather than defining security over a particular asset. The person who signs the ensure is personally responsible if the business the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including items or assets). The PPSR permits preference over private property granted according to the date the registration of a security interest.
Caveats are legal document that is filed to provide notice of a legal claim to a property.
If you’re requesting an enterprise loan of $250K or more, we may offer a preliminary pre-approval to help make the process. It is possible to do this without credit checks and within six hours of your initial application. This pre-approval is made based on a preliminary assessment which includes you answering a few financial well-being checks. It’s in no way an offer, nor is it a guarantee of credit. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you might receive could be on different conditions.
You can apply for an business loan if you;
The application process is fast and easy. Complete the online form within a couple minutes, and a dedicated business credit specialist will call you to guide you through the process.
To apply for up $100,000, you’ll need ID details (valid Driver’s Licence), a valid NZBN/IRD as well as at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K-$250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Information on the application including credit consent twelve month bank accounts, the IRD statements Last 2 years’ finalised financial statements, and interim financials from the current financial year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K and up) we typically offer a response in one hour – as long as you make your application during quality business hours and you allow us to utilise the advanced bank verification system to instantly verify your bank information online. If you opt to send us copies of your bank statements , we are able to offer a decision in just the span of one company day.
For the Larger Business Loan ($100K up to $500,000) we may be likely to offer you with pre-approval conditional to your application within about 6 hours. After you’ve signed the pre-approval document, you will need to wait approximately 2-3 days to receive final approval, however this can be quicker based upon the circumstances for each application. Some deals have been approved within the space of 24 hours.
The quickest method can be make sure you apply during standard business hours. Also, allow us to use our advance bank verification link to verify your bank information online. If you send us the copies of bank statement, it takes a bit longer.
For the Small Business Loan ($5K and up) We can usually offer an answer in just one hour – as long as you make your application within normal business hours and allow us to use the advanced bank verification system to instantly verify your bank information online. If you choose to upload copies of your bank statements, we’ll be able to offer a decision within the span of one business day.
For the Larger Business Loans ($100K to $500K) we could be in a position to provide you with conditional pre-approval in around six hours. Once you’ve signed your pre-approval document, you will need to wait about 2-3 days for final approval. However, this could be shorter based on the circumstances of each application. Some transactions have received approval in the space of 24 hours.
The most effective method would be to make sure you apply during standard business hours. Also, let us use the sophisticated bank verification to instantly verify your bank account information online. If you opt to send us copies of your bank accounts, it will take a little longer.
We offer loan amounts between $5,000 and $500,000. When you make an application for a specific amount we will consider a number of aspects for determining how much we can lend you well-being that is your company and the level of repayments your company can afford. The amount you receive from your loan will be contingent on the particular circumstances of your company.
When you make an application for a certain amount, we look at a range of variables to determine your health of your business and the amount of repayments your business can afford. The amount you receive from your loan will be determined by the particular circumstances of your company.
When you request the business loans, we’ll assess the risk profile that you have for your business and provide you with a tailored offer including the loan amount, the terms and interest rates. It is a company loan is a loan that is priced upfront therefore you will be aware of the total amount to be paid, including any charges, interest rates or fees.
The interest rates on business loans rates depend on several factors including the amount of money borrowed, the company assets the funds will be used for and the sector the business is operating in, how long the company has been in operation, what percentage of the company has enough cash flow to support the loan, and overall well-being or financial standing of the company.
There aren’t any hidden charges with our company loans, and you’ll know precisely how much you’ll be required to pay and when, right from the very first day. There’s no compounding interest, and no extra fees (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 no upfront cost or obligation to proceed.
The Origination Fee is the cost 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% of the amount of the loan.
You may choose to pay back the total amount of your loan in full at any time.
If you decide to do this please contact our helpful company loans specialists. They’ll provide you with details for repayment as well as an early payout amount. This will be calculated as the total of the principal amount remaining and the accrued interest up to the date of early payout plus 1.5 percent of the remaining principal and any fees that remain unpaid.
In order to help you avoid missing payment dates and to align with your cash flow cycle we provide payments that are either weekly or daily. They are automatically deducted from the nominated business account.
Protecting your information, and being transparent about how we collect data, process, exchange and secure your information, is of paramount importance and is a crucial aspect of our relationship with you.
Yes. We employ industry-recognised encryption protocols to safeguard your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our commitment to customer security and privacy. We utilise a sophisticated bank verification system to immediately verify your bank account information online, allowing us to offer an immediate response.
An asset-based loan is when an business owner utilises the assets they have to make the funds for a loan. The asset can be either an individual property, such as the family home or an business asset such as a vehicle or other piece of machinery.
The majority of lenders, not just the banks with the biggest size, prefer to secure loans against assets. If you are having difficulty paying back the loan then the asset might be transferred to the lender. In essence, it’s the process of securing additional financing taking advantage of the value of what you already have.
For loans up to $150K there is no requirement for asset security before you are able to access the money, however we do require the personal guarantee. If you adhere to the terms of your loan (as specified in your loan contract), asset security will never be required. For loans of over $150K generally, you can get personal guarantee and security in the form of a charge over assets.
