A Three Kings unsecured business loan is simple and quick to apply for. Apply for a loan quickly and start using the funds to grow your company.
What you can expect:
The criteria for eligibility for an unsecured business loan within Three Kings are fairly minimal.
Call Now 0800 500 870Requesting business loans in Three Kings business financing in Three Kings with us is easy and takes only a few minutes, no long lines of paperwork or waiting in line.
Get approved and receive your cash within 1 to 2 business days.
We want to assist Three Kings businesses of all kinds, including medium, small and even solopreneurs access money quickly, so that they can utilise the loan to build and expand their business.
The requirements for obtaining an unsecured business loan in Three Kings of between $5K and $100K is fairly low.
Looking for more funding? Check out the conditions of eligibility for our $100K-$500K company loan.
The criteria for eligibility to be eligible for the larger Three Kings company loans of between $100K to $500K comprise:
Do you need a smaller amount of funds? Look over the conditions for eligibility for our $5K to $100K Three Kings unsecured business loans.
A Three Kings unsecured loan is great for nearly every company purpose. Talk to us today.
Do you want to begin one of these idea as quickly as tomorrow? So, contact us now or apply online for the quickjest fasted way.
All you need to get started is your contact information (the name of your company, your name, email and telephone) as well as the amount you want to borrow, and your monthly income.
During 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 in the process, for loans that exceed $150,000, you’ll require basic financial statements:
Let’s get started now.
With banks and traditional lenders tightening credit conditions, the steady stream of non-bank and alternative loan providers that are entering the market provides an incredible source for you to tap into.
Three Kings SME’s are now in a position to obtain finance via alternative lenders that service Three Kings who are focused on enabling company expansion or smoothing cash flow challenges. In the past, when private credit options (drawing equity from a house loan, or using credit cards and personal loans as well as credit cards) was the sole alternative funding solutions in Three Kings that were around.
There’s not a requirement of having to depend on real estate to secure company credit. With an unsecured loan business financing is now easy. Instead of a traditional term loan from banks, business finance for a small company with interest rates and loan terms that can help in cash flow are available as business loan options.
There are numerous benefits in separating personal from business debt.
Lower your risks, make tax time much easier. Get started with an unsecure company loan. Apply today.
The main benefit of keeping your private and company assets apart is that your house does not have to be tied for access to the money. In the case of a business loan within Three Kings up to $100K the security of assets won’t be required as long as the borrower is able to meet the loan requirements.
Businesses are in a more advantageous long-term situation if they can demonstrate good credit/debt capacity to pay.
Separating personal and business finances makes it more straightforward in the event of tax time - particularly when determining the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has laid out requirements for evidence in order to deduct deductions from the tax return of a company. This is an area the IRD has advised specifically on.
Effective management of cash flows is crucial to the long-term viability in any company. Through keeping the personal financial and business finances separate, companies can easily view, monitor and plan based on their ability to accurately examine their cash flow.
Three Kings unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.
You can apply to get this Small Business Loan in under 10 minutes on the phone. You’ll receive an immediate response, and the funds could be in your account within 24 hours. Traditional business loans have an interest rate per annum as well as other fees and charges. The company loan is an upfront priced loan and you’ll know in advance the total amount payable including the interest, fees and charges. This is then divided into weekly or daily amount to be paid back.
A Small Business Loan can be used for nearly every business use, including control of cash flow company remodels and marketing to purchase inventory or new equipment, to fund general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger loan size to support company expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed for up to 36 months. The repayments are made weekly or fortnightly to work with you cashflow.
It is crucial to note that the Larger Business Loan has an Origination Fee, calculated at 2.5 percentage of the amount of the loan.
To qualify for a loan that is this large the business needs to have been in operation for at least 3 years, and have an annual income of $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand business (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A Business Loan of a larger size can be used for nearly all business need, including company renovations, to purchase new equipment or inventory for general working capital and much more. The loan is not available for personal use.
Asset security is necessary for funding of more than $150,000. This is as a result of an charge on assets, and may include registration through the PPSR or filing as a caveat.
A director’s or personal ensure is a guarantee to pay off a credit line that is generally based rather than specifying the security for a particular asset. The person signing the guarantee is personally liable if the company lender is not able to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It lists security interests that are registered in respect of personal property (including objects or assets). The PPSR grants prioritisation over property that is personal to be granted in accordance with the date on which a registration of a security interest.
Caveats are legal form of document to provide an official notice of a claim to property.
When you’re applying for a Larger Business Loan that is greater than $250K it’s possible to offer an initial pre-approval in order to simplify the process. We may be able to apply for this without credit checks and within 6 hours of your initial application. The pre-approval is based upon an initial assessment that includes answering a couple of financial well-being checks. It is not an offer of credit or guarantee of financing. A conditional approval is subject an assessment of your creditworthiness and any offer you may receive may be on different terms.
You may apply for an business loan if you;
The process for applying is fast and simple. Just complete the online application within a couple minutes, and a dedicated business expert in lending will be in touch to guide you.
For a loan of up to $100,000, you’ll need proof of identity (valid Driver’s Licence) as well as a valid NZBN/IRD and at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll also need:
$100K-$250K: Information about the application including credit consent, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K-$500K: Information on the application including credit consent, 12 month bank accounts, the IRD statements and the last two years’ finalised financial statements, in addition to interim financials from the current financial year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K or more) we can often provide an answer within one hour, provided you submit your request at quality business hours and you allow us to use the advanced bank verification system link to instantly verify your bank information online. If you want to send us copies of your bank statements we can offer a decision within 1 business day.
If you are applying for a Larger Business Loan ($100K and up) we may be able to provide you with a conditional pre-approval in around six 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 can be quicker based upon the circumstances for each application. Certain deals have been approved in 24 hours.
The fastest way is to ensure you apply during standard business hours. Also, let us use the advanced bank verification system to instantly verify your bank account information online. If you opt to send us the copies of bank statements it can take a bit longer.
For the Small Business Loan ($5K or more) we can often provide a response in one hour – as long as you apply within standard business time and allow us to make use of the advanced bank verification system to immediately verify your bank account information online. If you decide to upload copies of your banking statements we can offer an answer in just the span of one business day.
For the Larger Business Loans ($100K to $500K) we could be likely to provide you with conditional pre-approval within about six hours. Once you have signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this can be faster depending on the particular circumstances of each application. Some deals have been approved in 24 hours.
The quickest method for you to apply is make sure you apply during standard business hours. You can also let us use the sophisticated bank verification to instantly check your bank’s information online. If you choose to send us the copies of bank accounts, it takes a bit 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 variables that determine the well-being of the company and the level of repayments that your business can support. The amount you receive from your loan will be contingent on the specific circumstances for your company.
When you apply for a particular amount, we take into consideration a variety of elements to assess the well-being for your company and the amount of payments your company can afford. The total amount of your loan will be contingent on the specifics of your business.
If you decide to make an application for one of our company loans, we’ll assess the risk assessment for your business and offer you with a customised offer, including the amount of the loan, the duration and interest rates. It is a company loan is an upfront-priced loan and you’ll know in advance the total amount to be paid, including any costs, fees, or interest rates.
The interest rates on company loans rates depend on several factors such as the amount that is that is borrowed, what business assets the money will be used for and the sector the company operates in, how long the business has been in operation and what percentage of the business has sufficient cash flow to support the loan, as well as the general health or creditworthiness of the company.
There are no hidden fees for our business loans. You’ll be aware of the amount 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 do not charge an application fee. You can get a cash loan without any upfront costs or commitment to apply.
The Origination Fee is the cost associated in establishing and managing the loan. You are only charged this fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.
You can choose to repay all of your loan early at any time.
If you choose to do this please talk to one of our helpful company credit professionals. They’ll offer you with the details of your repayment and an early payout figure. The figure will be calculated as the total of the principal balance and any accrued interest at the time of early payment and 1.5 percent of the principal remaining plus any outstanding fees.
To make sure you do not miss repayments and to fit in your cash flow cycle we provide repayments either daily or weekly. They are automatically deducted from your business account.
Security of your data, and being clear about how we collect, use, exchange and ensure the security of your information is vital and a vital part of our relationship with you.
Yes. We employ industry-recognised encryption standards to secure your sensitive, personal financial information and our funders are ISO 27001 qualified for our commitment to security for our clients and privacy. We utilise a sophisticated bank verification system to immediately verify your bank account information online to offer an immediate response.
Asset-based borrowing is when the business owner borrows from an asset they own to make the loan. The asset may be a personal asset like the family home, or an company asset such as a vehicle or piece of equipment.
The vast majority of the lenders even the major banks, prefer to secure loans against an asset. If you’re struggling to pay back the loan, your asset may be taken over by the lender. In essence, it is a way of securing additional financing making use of the value of what you already have.
For loans that exceed $150,000, it is not necessary to secure assets upfront to access the money However, we require a personal guarantee. require an individual guarantee. As long as you follow your loan obligations (as stipulated in your loan contract document), asset security will never be required. For loans over $150K typically, you will need a personal guarantee and security in the form of a charge over assets.
Although we can’t help with an unsecure business loan for these types of industries, we may be able assist by providing a secured business loan.
