Services in Moana
- Moana Unsecured Business Loans
- Business Finance Moana
- Moana Business Lending
- Business Loans Moana
- Moana Small Business Finance
- Moana Business Funding
- Working Capital Moana
- Moana Small Business Lending
- Short Term Business Loan Moana
The criteria for eligibility for an unsecured business loan in Adelaide of between $5K to $100K are quite minimal.
Do you need more money? Check out the guidelines for eligibility for our $100K-$500K business loans.
All that is needed to start is your contact details (the name of your company, your name, email and telephone) and the amount you’d like to lend, and your monthly revenue.
While in the process and before settlement we will require confirmation of who you are, but not to get started:
After we start, for loans over $150,000 you’ll need basic financial statements.
Let’s get started now.
Adelaide unsecured loans provides the range of $5,000 to $100,000. The terms range between 3 and 24 month and cash flow friendly repayments, which are either daily or weekly.
The application to your Small Business Loan in under 10 minutes online or on the phone. You’ll receive an answer within the same day and have the funds in your account within 24 hours. Traditional business loans refer to an annual interest rate along with other charges and fees. The business loan is an upfront priced loan therefore you’ll be aware of the total amount due, which includes the interest, fees and charges. This is then broken down into either a daily or weekly amount to be paid back.
The Small Business Loan can be used to fulfill almost any business reason, such as control of cash flow business remodeling, marketing, to purchase inventory or new equipment, to fund 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 business expansion opportunities. Loans are between $100,000 and $500,000 for a fixed period of for up to 36 months. Repayments are weekly or fortnightly depending on the flow of cash.
This Larger Business Loan has an Origination Fee, calculated at 2.5 percent of the amount of the loan.
To be eligible for a credit in this amount the company needs to be operating for a minimum of 3 years with an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand business (with a valid NZBN/IRD) and be able to prove at the least 12 months of operating.
A large business loan can be used to fund almost any company need, including business remodeling, buying equipment or inventory, as general working capital, and much more. The loan is not available for personal use.
Asset security is necessary to obtain funding above $150,000. This is as a result of an charge against assets and can include the registration of this through the PPSR or filing as a caveat.
A personal or director’s guarantee is a commitment to pay off a credit line that is generally based rather than specifying the security of a specific asset. The person who signs the guarantee is personally liable in the event that the company lender is not able to repay the debt.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including items or assets). The PPSR permits prioritisation over property that is personal to be assigned according to the date the security interest has been registered.
A caveat is a legal document that is filed to provide the legal claim to property.
If you’re seeking the Larger Business Loan of $250K or more we can offer an initial pre-approval in order to make the process. It is possible to do this without a credit check, and within 6 hours of the initial application. This pre-approval is based on an initial assessment that includes the answer to a series of financial health questions. This is not an offer or guarantee of finance. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer you might receive could be based on different terms.
You are eligible to apply for a company loan if you:
The application process is simple and easy. Complete the online form in just a few minutes, and an experienced business credit specialist will be in touch to guide you through the process.
To apply for up $100,000 you’ll require proof of identity (valid Driver’s Licence) along with an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K to $250K: Details of application, including credit consent, 6 – 12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K-$500K: Details of the application, including credit consent as well as 12 month bank accounts, the IRD statement as well as the two most recent years’ financial statements, and interim financials for the current financial year as well as Aged Payables and Receivables summary.
For an unsecured loan ($5K and up) We can usually offer an answer within one hour – as long as you apply during quality company times and let us utilise the bank verification system link to immediately verify your bank account information online. If you want to upload copies of your bank statement, we’ll offer the decision in as little as 1 business day.
For Larger Business Loans ($100K and up) we might be likely to provide you with conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval form, it will take around 2-3 days for final approval, however this can be quicker based on the specifics of each application. Some transactions have received approval in 24 hours.
The quickest way to apply for you to apply is ensure you apply during normal company hours, and allow us to use our advance bank verification link to verify your bank information online. If you opt to upload duplicates of your banking statements it can take a bit longer.
For the Small Business Loan ($5K and up) We can usually provide an answer within one hour – provided you apply in standard business times and let us make use of the advanced bank verification system link to immediately verify your bank account information online. If you want to upload copies of your bank statements, we’ll be able to provide an answer in as little as an business day.
If you are applying for Larger Business Loans ($100K to $500K) we could be able to provide you with conditional pre-approval within about 6 hours. After you’ve signed the pre-approval document, you will require to wait about 2-3 days for final approval. However, this could be shorter based on the particular circumstances of each application. Certain offers have been approved in less than 24 hours.
The fastest method would be to ensure you apply during standard business hours. Also, permit us to use the advanced bank verification system to confirm your bank details online. If you decide to upload duplicates of your banking accounts, it takes a bit longer.
We provide loan amounts between $5,000 to $500,000. If you apply for a particular amount, we will consider a number of factors to determine how much we can lend you well-being of the company as well as the amount of repayments that your company can support. The total amount of your loan will be contingent on the specific circumstances the business.
If you apply for a certain amount, we look at a range of variables to assess the well-being that is your company and the level of repayments that your business can support. The total amount of the loan will be determined by the specific circumstances for your company.
When you request the company credit, we’ll assess the risk profile of your company and offer you with a tailored offer including the amount of loan, the term and interest rates. This business loan is a loan that is priced upfront so you will be aware in advance of the total amount you will have to pay, including charges, interest rates or fees.
Business loan interest rates vary due to factors like the amount of money of money borrowed, the company assets the funds are used to purchase as well as the field the business operates in, how long the company has been operating and how long the company has enough cash flow to support the loan, and general health as well as creditworthiness company.
There are no hidden costs with our business loans, and you’ll know exactly how much you’ll need to pay and when, starting from the first day. There’s no compounding interest and the loan comes with no additional fees (as long as you are able to make your payments in time).
We don’t charge an application fee. You can get a cash loan absolutely no upfront cost and no the obligation to take action.
The Origination Fee covers the expenses involved with setting up and managing the loan. This is only a cost if you take out the loan. The Origination Fee for us is 2.5 percent of the loan amount.
You may choose to pay back the entire amount of the loan at any point in time.
If you choose to take this route, please talk to one of our helpful company loan professionals. The specialists will offer you with details for repayment and an early payout figure. It will be calculated using the total of the remaining principal amount and accrued interest to the date of early payout and 1.5 percent of the principal balance and any fees that remain unpaid.
In order to help you avoid missing repayments and to fit in your cash flow schedule, we offer repayments that are either weekly or daily. They will be automatically deducted from the nominated company account.
Security of your data, and making it clear how we collect, use, exchange and ensure the security of your information is crucial and an integral part of our relationship you.
Yes. We employ industry-recognised encryption standards to secure your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to security for our customers and security. We utilise a sophisticated banking verification system to instantly verify your bank account information online. This allows us to provide a fast response.
Asset-based borrowing is when a company owner makes use of assets they own to make the loan. The asset can be either an asset belonging to the personal, like the family home, or it could be a company property like a truck as well as a piece of machine.
The vast majority of lenders, including the big banks, tend to guarantee loans against assets. If you’re having trouble paying back the loan then your asset may be taken over by the lender. In essence it is an opportunity to secure new funding making use of the value of what you already own.
For loans that exceed $150K, there is no requirement for asset security in advance to gain access to the funds however, we do require an individual guarantee. As long as you follow the loan terms (as detailed in your loan contract document) the security of assets is not needed. For loans over $150K generally, there is an individual guarantee and security is provided in the form of the charge of assets.
