Services in Moana
- Moana Unsecured Business Loans
- Business Finance Moana
- Moana Business Lending
- Business Loan Moana
- Small Business Finance Moana
- Moana Business Funding
- Working Capital Moana
- Small Business Lending Moana
- Moana Short Term Business Loans
The criteria for eligibility for an unsecured business loan in Adelaide of between $5K to $100K are quite minimal.
Looking for more funding? Review the guidelines for eligibility for our $100K-$500K business credit.
All that’s needed to get started is your contact information (company name, your name, email and telephone) and the amount you’d like to borrow, as well as your monthly income.
During the process and before settlement we’ll need confirmation of who you are, but not for starting:
In addition, once we have started, for loans greater than $150,000 you will also need basic financial statements:
Let’s get started.
Adelaide unsecured loans provides amounts between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow-friendly repayments that are either per day or weekly.
Apply to this Small Business Loan in under 10 minutes online or over the phone. You’ll get an immediate response, and the money could be available in just 24 hours. Traditional business loans refer to an annual interest rate as well as other fees and charges. The business loan is a cash-based loan which means you be aware of the total amount due, which includes any fees, interest or charges. This is then broken down into weekly or daily amount to be paid back.
A Small Business Loan can be used for almost any company reason, such as control of cash flow business remodeling, marketing, to purchase inventory or new equipment, for general working capital and so much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger loan size to support business growth opportunities. Loans range from $100,000 to $500,000 with a fixed-term that can last up to 36 months. Repayments are scheduled weekly or fortnightly, depending on the flow of cash.
This Larger Business Loan has an Origination Fee, calculated at 2.5 percentage of the loan amount.
In order to be eligible for a loan of this size the company needs to be operating for a minimum of 3 years and have an annual turnover of at least $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A larger company loan is a great option for almost any business use, including business renovations, purchase of new equipment or inventory, as general working capital, and much more. The loan cannot be used for personal use.
Asset security is needed for accessing funds over $150,000. This can be done by way of charge over assets, and could include registration on the PPSR or making as a caveat.
A personal or director’s guarantee is a guarantee to repay a loan which is generally in nature rather than stating the security for a particular asset. The person who signs the ensure is personally accountable if the company creditor is unable to re-pay 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 that are registered for personal property (including items or assets). The PPSR gives prioritisation over property that is personal to be granted in accordance with the date on which a security interest was registered.
An affidavit is an official document that is filed to offer the legal claim against a property.
If you’re applying for a Larger Business Loan of more than $250,000, we may offer an initial pre-approval in order to simplify the process. We may be able to do this without a credit check and within 6 hours of the initial application. The pre-approval process is based on an initial evaluation that involves you answering a few financial health checks. This is in no way an offer, nor is it a guarantee of financing. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you may receive may have different conditions.
You are eligible to apply for a company loan if you:
The application process is fast and simple. Just complete the online application in just a few minutes, and a dedicated company credit specialist will call you to guide you through the process.
To apply for up to $100,000 you’ll require ID details (valid Driver’s Licence) along with an NZBN/IRD that is valid and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K – $250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K-$500K: Application details including credit consent and 12 months of bank records, IRD statements, last 2 years finalised financial statements, and interim financials from the current financial year as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K to $100K) we usually offer a response in one hour – as long as you submit your request at quality business times and allow us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you opt to upload copies of your banking statements , we will be able to offer an answer in just an company day.
If you are applying for a Larger Business Loan ($100K or more) we may be capable of provide you with pre-approval conditional to your application within about 6 hours. Once you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however it could be faster based on the circumstances of each application. Certain agreements have been approved within the space of 24 hours.
The fastest way can be make sure you apply during standard business hours, and let us use the advanced bank verification system link to instantly verify your bank account information online. If you choose to send us duplicates of your banking statements , it will take a little longer.
For the Small Business Loan ($5K up to $100,000) We can usually provide an answer within one hour – provided you make your application within normal business times and you allow us to utilise the advanced bank verification system to instantly verify your bank information online. If you decide to upload copies of your bank statement, we’ll offer a decision in just the span of one business day.
For the Larger Business Loans ($100K to $500K) we may be likely to offer you with pre-approval conditional to your application within six hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval, however this may be quicker depending on the particular circumstances of each application. Some offers have been approved in 24 hours.
The fastest way would be to make sure you apply during normal business hours and permit us to use the sophisticated bank verification to instantly confirm your bank details online. If you decide to upload documents from your account statement, it will take a little longer.
We provide the loan amount between $5,000 and $500,000. If you apply for a specific amount we take into consideration a range of elements for determining the well-being of your business and the amount of the repayments your company can support. The total amount of the loan will be determined by the specifics the business.
If you apply for a set amount, we take into consideration a variety of factors to assess your well-being of the business and the extent of repayments that your company will be able to support. The amount you receive from your loan will be determined by the particular circumstances for your company.
When you make an application for business loans with us business loan, we will assess the risk assessment for your business and offer you with a customised offer that includes the amount of loan, the term and interest rates. This business loan is an upfront cost loan which means you know the exact amount payable including any charges or interest.
The interest rates on business loans rates depend on a variety of factors including the amount of money borrowed, the business assets the funds will be used for, the industry the business is in, how long the company is in operation as well as how long the business has enough cash flow to support the loan, and also the general well-being or creditworthiness of the business.
There are no hidden costs with our business loans. You’ll know exactly how much you’ll be required to pay, and when, from the first day. There’s not any compounding interest and no additional fees (as long as you make your payments in time).
We don’t charge an Application Fee. You are able to make an application for loans with no cost upfront or commitment to apply.
The Origination Fee is the cost associated with setting up and managing the loan. It is only charged for this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.
You can decide to repay the entire amount of the advance loan at any time.
If you are deciding to take this route, please contact our helpful company loans specialists. They’ll offer you with repayment details along with an early payout estimate. The figure will be calculated as the sum of the principal balance and accrued interest to the time of early payout in addition to 1.5 percent of the principal remaining plus any outstanding fees.
To ensure you do not miss payment dates and to align with your cash flow cycle we offer repayments either weekly or daily. They are automatically deducted from your nominated company account.
Making sure that your information is secure, and knowing how we collect data, process, exchange and protect your information, is of huge importance and is a crucial aspect of our relationship with you.
Yes. We use industry recognised encryption standards to protect your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our commitment to the security of our customers as well as their security. We utilise a sophisticated bank verification system link to immediately verify the bank account details online. This allows us to provide rapid response.
Asset-based borrowing is when a company owner borrows from assets they own to obtain the funds for a loan. The asset can be either a personal asset like the family home, or it could be a business property like a truck or piece or equipment.
The majority of banks, even the major banks, prefer to make loans secured by an asset. If you are having difficulty paying back the loan, the asset could be sold by the lender. In essence, it is means of securing additional financing making use of the value of what you already own.
For loans up to $150K there is no requirement for asset security prior to the loan’s access, however we do need an individual guarantee. In the event that you fulfill your loan commitments (as stipulated in your loan contract document) and you are able to meet your obligations, asset security will never be required. If you take out loans in excess of $150K generally, there is a personal guarantee and security that is in the form charges on assets.
