A Regency Park unsecured business loan is easy and quick to get. Get a quick apporval and start using the funds in your business.
What you can expect:
The criteria for eligibility for an unsecured business loan in Regency Park are fairly minimal.
Call Now 1300 110 070Requesting the business loans within Regency Park with us is simple and only takes about a couple of minutes, there are no long lines of paperwork or waiting in line.
Receive approval and funds in 1-2 company days.
Our focus is to assist Regency Park companies of all types, whether small, medium or soloprenuers to get access to funding fast so they can utilise the loan to build and expand their business.
The requirements for obtaining an unsecured business loan in Regency Park of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Check out the eligibility requirements for our $100K-$500K company financing.
The criteria to be eligible for larger Regency Park company loans of between $100K and $500K consist of:
You are looking for a lesser amount of money? Look over the guidelines for eligibility for our $5K-$100K Regency Park unsecured business loans.
A Regency Park unsecured loan is perfect for virtually any business reason. Contact us now.
Are you looking to start one of these as soon as tomorrow? Get in touch with us or send your application online to apply the fastest, most convenient way.
All that’s needed to get started is your contact details (the name of your company, your name, email and telephone), how much you’d like to lend, and your monthly earnings.
During the process and before settlement we will require confirmation of your identity, but not to get started:
Additionally after we get started with loans greater than $150,000 you’ll need the following financial statements:
Let’s get started now.
With banks and traditional lenders increasing their credit requirements, the steady stream of alternative and non-bank loan providers that are entering the market offers an incredible source to access.
Regency Park SME’s are now able to access finance through other lenders in Regency Park who are focused on enabling business growth or smoothing cash flow challenges. In the past personal credit sources (drawing equity from the house loan or credit cards, personal loans and credit cards) were the only alternative funding solutions within Regency Park that were available.
There’s an end to the requirement to rely on real estate to secure business loan. With an unsecured loan, business financing is now easy. Instead of a traditional term loan from the bank, business finance for an SME with interest rates and loan terms that aid in cash flow are available as business credit options.
There are numerous benefits by separating personal and company debt.
Reduce your risk, make your tax time easier, get started with an unsecured busines loan, apply today.
One big drawcard for keeping your private and company assets separate will be the fact that your house isn’t tied to the funds. For a modest business loan within Regency Park up to $100K, asset security will not be needed as long as the borrower fulfills their loan obligations.
Businesses will be in a favourable long-term position if they can show good credit and debt capacity to pay.
A separation between personal and business financial accounts makes it more seamless when it comes to tax time - particularly when determining the tax-deductible amount. The IRD has set out the guidelines for the documentation required for claiming deductions on the tax return of a company. This is an area the IRD have specifically advised on.
Effective cash flow management is vital to the long-term success of any business. By maintaining personal as well as company finances distinct, businesses can easily view how they are performing, monitor and plan on their ability to easily examine their cash flow.
Regency Park unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months and cash flow-friendly repayments that are either daily or weekly.
Apply to get your Small Business Loan in under 10 minutes over the phone. You’ll get an answer within the same day and the money could be in your account in 24 hours. Traditional business loans reference an annual interest rate plus other fees and charges. The company loan is a cash-based loan and you’ll be aware of the total amount to be paid, including any interest, fees or charges. This is then broken down into a daily or weekly installment amount.
It is a Small Business Loan can be used to fulfill almost any business use, including managing cash flows, business renovations, marketing to purchase inventory or new equipment, to fund general working capital and so 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 are between $100,000 and $500,000 with a fixed-term up to 36 months. Repayments are either weekly or fortnightly to work with your situation.
The Larger Business Loan has an Origination Fee, determined at 2.5 percentage of the amount of the loan.
To be eligible for a loan of this size, your company needs to have been operating for at least three years and generate an annual revenue of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of business.
A large company loan can be used for nearly any company reason, such as business renovations, purchase of inventory or new equipment, as general working capital and so much more. The loan is not available for personal purposes.
Asset security is needed for accessing funds over $150,000. It’s by taking a charge on assets, which could also be registered through the PPSR or filing a caveat.
A personal or director’s guarantee is a guarantee to pay off a credit line that is general in nature rather than stating the security of a specific asset. The person signing the guarantee is personally accountable if the business creditor is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It records security interests that have been registered in respect of personal property (including objects or assets). The PPSR grants priority over personal property to be granted depending on the date that a registration of a security interest.
The caveat can be described as a formal document lodged to provide the legal claim to property.
If you’re requesting larger company loans that exceeds $250,000 we can offer a preliminary pre-approval to help smooth out the process. It is possible to make this decision without a credit verification and within six hours of your initial application. This pre-approval is based on a preliminary assessment which includes the answer to a series of financial well-being checks. This is in no way an offer, nor is it a guarantee of finance. The approval of a conditional loan is subject to a full credit assessment and any offer you are offered could be on different conditions.
You can apply for an company loan if you:
The process for applying is fast and simple. Complete the online form within a couple minutes, and a dedicated business credit specialist will call you to guide you.
To apply for up to $100,000 you’ll need identification details (valid Driver’s Licence), a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll require:
$100K to $250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K-$500K: Details for application including credit consent as well as 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, as well as interim current financial year financials including Aged Payables, Aged Receivables summary.
For an unsecured loan ($5K to $100K) We can usually offer an answer within an hour – as long as you make your application during quality business time and you allow us to use the advanced bank verification system to instantly verify your bank information online. If you want to submit copies of your bank statement, we’ll provide the decision in just one company day.
For the Larger Business Loan ($100K or more) we may be able to provide you with pre-approval conditional to your application within six hours. Once you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, this could be shorter based on the particular circumstances of each application. Some transactions have received approval in the space of 24 hours.
The fastest way is to make sure you apply during normal company hours. Also, allow us to use the advanced bank verification system link to verify your bank account information online. If you decide to send us documents from your account statements , it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we typically provide a response in one hour, provided you submit your request during standard business time and let us use the bank verification system link to immediately verify your bank account information online. If you choose to send us copies of your bank statements we can offer a decision in as little as the span of one business day.
For the Larger Business Loans ($100K or more) We may be likely to offer the conditional pre-approval within six hours. Once you’ve signed the pre-approval form, it will take around 2-3 days for final approval, however it could be faster based on the specifics of each application. Certain deals have been approved in just 24 hours.
The quickest method would be to make sure you apply during standard business hours and allow us to use our advance bank verification to verify your bank account information online. If you upload duplicates of your banking statements, it will take a little longer.
We provide the loan amount between $5,000 to $500,000. When you submit an application for a certain amount we will consider a number of elements to determine how much we can lend you health for your company and the extent of the repayments your company can support. The total amount of the loan will be determined by the specific circumstances that are unique to your business.
When you submit an application for a certain amount, we take into consideration a variety of factors to assess your health for your company and the level of repayments your company is able to afford. The amount you receive from your loan will be determined by the specific circumstances of your business.
When you make an application for our company loans, we will assess the risk assessment the company and provide you with a customised proposal that includes the amount of loan, the term and the interest rates. The business loan is a loan that is priced upfront which means you be aware in advance of the total amount to be paid, including any interest rates, fees or charges.
The interest rates on company loans rates depend on several variables like the amount to be borrowed, what business assets the money will be used for and the sector the business operates in, the long the company has been running as well as in the event that the company has enough cash flow to pay for the loan, and the general health as well as creditworthiness business.
There aren’t any hidden costs for our business loans, and you’ll know precisely how much you be required to pay and when, from the very 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 do not charge an application fee. You are able to apply for a loan with without any upfront costs or any obligation to sign up.
The Origination Fee covers the expenses involved in establishing and managing the loan. The only way to pay this cost if you take out the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You can repay the entire amount of your advance loan at any time.
If you choose to do this please speak to our friendly company loans professionals. They’ll offer you with repayment details as well as an early payout amount. This will be calculated as the sum of the principal remaining and any accrued interest at the time of early payment in addition to 1.5 percent of the principal remaining and any fees that remain unpaid.
To help you avoid missing due dates and also to be in line your cash flow schedule, we offer repayments that are either weekly or daily. They are automatically deducted from the nominated business account.
Protecting your information, and being upfront about how we collect, use, exchange and safeguard your data, is vital and is an essential part of our relationship you.
Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our dedication to security for our customers and privacy. We utilise a sophisticated bank verification system that allows you to immediately verify your bank account information online, allowing us to provide rapid response.
Asset-based borrowing is when an business owner makes use of the assets they have to get the funding. The asset could be an asset belonging to the personal, like the family home or it could be a business asset such as a vehicle as well as a piece of machine.
The vast majority of lending institutions, not just the largest banks, are inclined to guarantee loans against assets. If you have trouble paying back the loan, the asset could be sold by the lender. In essence, it’s the process of securing new financing by taking advantage of the value of what you already have.
Up to $150K in loans no asset security is required in advance to gain access to the funds However, we do require a personal guarantee. If you adhere to your loan commitments (as stipulated in your loan contract), asset security is not needed. For loans that exceed $150K, generally there is the option of a personal ensure and security in the form of the charge of assets.
We can’t assist with an unsecured business loan for the above industries, we might be able to help you with a secured business loan.
