A Massey unsecured business loan is simple and quick to obtain. Apply for a loan quickly and use the money to grow your business.
What to expect:
The criteria for eligibility for an unsecured business loan within Massey are fairly minimal.
Call Now 0800 500 870Making an application for an company financing for business in Massey with us is simple and only takes about a couple of minutes, there are no piles of paperwork or long waits.
Approved and receive cash within 1 to 2 company days.
We aim to help Massey businesses of all kinds, from small to medium-sized solopreneurs to access money quickly, so that they can make use of the loan to expand and develop.
The criteria for eligibility for an unsecured business loan in Massey of between $5K and $100K are fairly minimal.
Need more funds? Find out the guidelines for eligibility for our $100K-$500K business loan.
The criteria for eligibility in the larger Massey business loans of between $100K and $500K include:
You are looking for a lesser amount of funds? Find out the eligibility requirements for our $5K to $100K Massey unsecured company loans.
A Massey unsecured loan is perfect for virtually every business use. Get in touch with us today.
Are you looking to start one of these projects as soon as tomorrow? Contact us today or send an application online for the quickjest fasted way.
All you need to get started is your contact details (company name, your name, email address or phone number) as well as the amount you’d like to borrow, and your monthly revenue.
Through the process and before settlement we will need confirmation of your identity, but not before we can begin:
Once we’ve started, for loans that exceed $150,000, you’ll require basic financial statements:
Let’s get started.
In the wake of traditional lenders and banks tightening credit conditions as well as the continuous stream of non-bank and alternative loan providers entering the market provides a great resource to tap into.
Massey SME’s are now in a position to obtain finance via alternative lenders who service Massey who are focused on facilitating company growth or smoothing out cash flow issues. In the past personal credit sources (drawing equity from a home loan, or using credit cards and personal loans as well as loans) provided the most viable alternative financing solutions available in Massey that were around.
There’s there is no need to depend on real estate to secure business loans. With an unsecured loan, business financing is now easy. Instead of a term loan through the bank, business finance for a small company with interest rates and loan terms that help with cash flow is around as business loans.
There are many advantages associated with separating personal and company debt.
Limit your exposure, make the tax process much easier. Get started with an unsecure business loan. Apply today.
One major benefit of keeping your business and personal company assets apart is that your house does not have to be tied to the funds. For a small business loan within Massey up to $100K an asset security agreement will not be required so in the event that the borrower has met the loan requirements.
Businesses will be in a advantageous long-term situation if they can demonstrate good credit/debt capability.
It is crucial to separate personal from business financial accounts makes it more seamless when it comes to tax time - particularly when identifying what is the tax deductible allocation. The IRD has outlined the guidelines on the proof required in order to deduct deductions from an organisation’s tax return. This is a subject that the IRD have specifically advised on.
Effective management of cash flows is crucial to the long-term viability for any company. By keeping personal and company finance separate, businesses can easily view the situation, track and plan based on the ability to effectively determine their cash flow status.
Massey unsecured loans provides amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow friendly repayments that are either daily or weekly.
Apply for the Small Business Loan in under 10 minutes via the internet or by phone. You will receive a same day response and the money could be on your account within 24 hours. Traditional business loans have an annual rate of interest together with additional fees and charges. The company loan is a pre-paid loan therefore you’ll be aware of the total amount due, which includes any fees, charges or charges. Then, it is broken down into either a daily or weekly payment amount.
A Small Business Loan can be used to fulfill almost every company purpose including the management of cash flow, business improvements, advertising, to purchase inventory or new equipment, for general working capital and so much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger loan size to support company growth opportunities. Loans are between $100,000 and $500,000 over a fixed term up to 36 months. Repayments are either weekly or fortnightly in order to accommodate 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 that is this large, your business needs to be in operation for at least 3 years and generate an annual revenue of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.
A larger company loan is a great option for almost every company purpose including company renovations, purchase of inventory or new equipment or as general working capital and so much more. The loan cannot be used for personal purposes.
Asset security is needed to obtain funding above $150,000. It’s in the form of a charge against assets, which could also include registration in the PPSR or the registration of as a caveat.
A director’s or personal guarantee is a promise to repay credit that is general in nature rather than stipulating the security of a specific asset. The person who signs the ensure is personally responsible if the company creditor is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including items or assets). The PPSR allows prioritisation over property that is personal to be assigned depending on the date that a security interest was registered.
A caveat is a legal document that is filed to offer notice of a legal claim on a property.
If you’re applying for the Larger Business Loan of more than $250K we may be able to provide an initial pre-approval that will help make the process. We might be able to make this decision without a credit check and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering a few financial health checks. It is in no way an offer, nor is it a guarantee of funds. Acceptance without condition is subject to an assessment of your creditworthiness and any offer you might receive could be subject to different conditions.
You can apply for a business loan if you
The application process is fast and easy. Just fill out the online application within a couple minutes, and an experienced business loan specialist will call you to assist you.
For a loan of up to $100,000, you’ll need the right identification documents (valid Driver’s Licence) along with a valid NZBN/IRD and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K to $250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K – $500K: Information on the application including credit consent twelve months bank statement, an IRD statements as well as the two most recent years’ financial statements, as well as interim current financial year financials, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K to $100K) we typically provide an answer in just one hour – as long as you submit your request during quality business timings and permit us to make use of the advanced bank verification system to instantly verify your bank information online. If you decide to send us copies of your bank statements , we are able to offer the decision within one company day.
For the Larger Business Loan ($100K and up) we could be able to provide you with conditional pre-approval within six hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval. However, this can be quicker based upon the circumstances for each application. Certain transactions have received approval in 24 hours.
The quickest way to apply can be ensure you apply during normal business hours. You can also allow us to use the advanced bank verification system link to instantly verify your bank account information online. If you choose to upload the copies of bank statements it can take a bit longer.
For the Small Business Loan ($5K or more) We can usually provide an answer within one hour, provided you submit your request in normal business time and you allow us to use the advanced bank verification system link to instantly verify your bank information online. If you opt to upload copies of your bank statements, we are able to offer a decision within 1 business day.
If you are applying for Larger Business Loans ($100K and up) We may be capable of provide you with a conditional pre-approval within about 6 hours. Once you have signed the pre-approval document, you will require to wait between 2 and 3 days for the final approval, however this may be quicker depending on the particular circumstances of each application. Some agreements have been approved within the space of 24 hours.
The quickest method would be to ensure you apply during normal business hours. Also, permit us to use the advanced bank verification system to instantly confirm your bank details online. If you decide to send us documents from your account statements, it will take a little longer.
We provide loan amounts between $5,000 to $500,000. When you submit an application for a certain amount, we look at a variety of aspects to determine your well-being that is your company and the level of repayments that your business can afford. The amount you receive from your loan will be contingent on the specifics of your business.
When you make an application for a certain amount, we look at a range of elements to determine the well-being that is your company and the level of repayments that your company will be able to support. The amount you receive from your loan will depend on the particular circumstances the company.
When you apply for our business credit, we’ll assess the risk assessment the company and offer an individualised offer, including loan amount, term and interest rates. A business loan is a loan that is priced upfront therefore you will be aware of the total amount due, which includes any costs, fees, or interest rates.
The interest rates on business loans rates vary due to factors including the amount that is borrowed, what business assets the funds are used to purchase, the industry the company is operating in, how long the company has been operating and what percentage of the business has enough cash flow to cover the loan, and also the overall well-being and creditworthiness of the company.
There are no hidden fees for our company loans. You’ll know precisely how much you need to pay and at what time, from day one. There’s no compounding and there are no additional charges (as as you make your payments punctually).
We don’t charge an Application Fee. You can make an application for loans with without any upfront costs or obligation to proceed.
The Origination Fee covers the expenses involved with the setting up and management of the loan. The only way to pay this fee if you proceed with the loan. The Origination Fee for us is 2.5% of the amount of the loan.
You can decide to repay all of your loan in full at any time.
If you decide to take this route, please speak to our friendly company credit specialists. The specialists will provide you with details on repayment along with an early payout estimate. The figure will be calculated as the sum of the principal remaining and the accrued interest up to the time of the early payout plus 1.5% of the principal balance as well as any outstanding fees.
In order to help you avoid missing payment dates and to align with your cash flow standard, we provide repayments either daily or weekly. They are automatically deducted from your nominated company account.
Security of your data, and knowing the ways we gather data, process, exchange and safeguard your data, is of huge importance and a vital element of our relationship with you.
Yes. We make use of industry-standard encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to protecting the security of clients and privacy. We use an advanced banking verification system to instantly verify your bank account information online, allowing us to offer a fast response.
Asset-based borrowing occurs when the business owner uses the assets they have to obtain the funding. 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 lending institutions, not just the big banks, tend to make loans secured by an asset. If you are having difficulty paying back the loan then your assets could be transferred to the lender. In essence it is a way of securing new financing using the worth of the asset you already own.
Up to $150K in loans no asset security is required before you are able to access the money, however we do need a personal guarantee. So long as you comply with your loan obligations (as detailed in the loan contract) Asset security will never be needed. For loans of over $150K typically, you will need the option of a personal guarantee and security is provided in the form of an asset charge.
While we aren’t able to help with an unsecure business loan for the above industries, we might be able assist by providing a secured business loan.
