A Three Kings unsecured business loan is quick and easy to get. Approve your loan in a matter of minutes and start using the funds for your company.
What to expect:
The eligibility requirements for an unsecured business loan within Three Kings are fairly minimal.
Call Now 0800 500 870The process of applying for an company loan within Three Kings with us is simple and only takes some minutes, without piles of paperwork or long waits.
Be approved and receive your funds within one to two company days.
We want to assist Three Kings businesses of all sorts small, medium even entrepreneurs to obtain funds quickly so that they can utilise the loan to build and expand their business.
The eligibility requirements for an unsecured business loan in Three Kings of between $5K and $100K is fairly low.
Do you require more money? Review the guidelines for eligibility for our $100K to $500K company financing.
The requirements for eligibility in the larger Three Kings business loans of between $100K and $500K are:
Looking for a smaller amount of funding? Check out the eligibility requirements for our $5K to $100K Three Kings unsecured business loans.
A Three Kings unsecured loan is perfect for nearly every company reason. Contact us now.
Do you want to start working on one of these options as early as tomorrow? Then get in touch with us or apply online now to apply the fastest, most convenient way.
All you need to get started is your contact details (the name of your company, your name, email address and phone) and the amount you want to borrow, as well as your monthly income.
While in the process and before settlement we’ll require confirmation of your identity, but not for starting:
After we start, for loans greater than $150,000 you will also need basic financial statements.
Let’s get started now.
With banks and traditional lenders increasing their credit requirements The steady flow of non-bank and alternative loan providers that are entering the market provides an incredible source for you to access.
Three Kings SME’s are now able to access finance through alternate lenders servicing Three Kings who are focused on facilitating company growth or smoothing problems with cash flow. In the past, personal credit sources (drawing equity from the house loan or credit cards, personal loans and the overdraft) provided the most viable alternative financing solutions available in Three Kings that were around.
There is now an end to the need for you to depend on using real estate to secure business loans. With an unsecured loan business financing is easy. Instead of a term loan through a bank, business finance for an SME with interest rates and loan terms that help with cash flow are around as business lending options.
There are substantial benefits associated with the separation of personal and company debt.
Lower your risks, make your tax time simpler, start with an unsecure busines loan, apply today.
The main benefit of keeping your personal and business assets separate will be the fact that your house isn’t required to be tied for access to the money. For a modest business loan in Three Kings up to $100K asset security won’t be needed as long as the borrower is able to meet their loan obligations.
Companies will be in a advantageous long-term situation if they can demonstrate good credit/debt capacity to pay.
It is crucial to separate personal from business finances makes it much more straightforward in the event of tax time - especially when it comes to determining the tax-deductible amount. The IRD has set out rules on the evidence required in order to deduct deductions from the tax return of a company. This is an area where the IRD has specifically advised on.
Effective management of cash flows is essential to the long-term viability that of any company. By keeping the personal financial and company finances distinct, businesses can easily view the situation, track and plan based on the ability to clearly evaluate their cash flow situation.
Three Kings unsecured loans offers the range of $5,000 to $100,000, with terms ranging from 3 and 24 months and cash flow friendly repayments that are either daily or weekly.
It is imaginable to apply for the Small Business Loan in under 10 minutes on the phone. You’ll receive a same day response and the funds could be in your account within 24 hours. Traditional company loans reference an annual interest rate together with additional fees and charges. We offer a business loan is an upfront priced loan so you will be aware of the total amount payable including any interest, fees or charges. This is then broken down into weekly or daily amount to be paid back.
A Small Business Loan can be used for virtually any company purpose including cash flow management, company remodeling, marketing, to purchase inventory or new equipment, or as general working capital and so much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger amount of loan to help business expansion opportunities. Loans range between $100,000 and $500,000 with a term fixed up to 36 months. Repayments are either weekly or fortnightly in order to accommodate your situation.
A Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the loan amount.
To be eligible for a loan that is this large, your business needs to have been in operation for at least 3 years and have an annual turnover of $700,000. You must be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.
A large company loan can be used to fund almost every business reason, such as business renovations, purchase of new equipment or inventory as well as for general working capital and so much more. The loan is not available for personal purposes.
Asset security is necessary to obtain funding above $150,000. It is usually as a result of an charge over assets and can include registration in the PPSR or filing as a caveat.
A director’s or personal ensure is a promise to repay credit that is general in nature rather than stating the security of a specific asset. The person who is signing the guarantee is personally liable in the event that the business the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It lists security interests that are registered in respect of personal property (including goods or assets). The PPSR grants preference over private property granted in accordance with the date on which a security interest has been registered.
Caveats are legal document that is filed to provide an official notice of a claim against a property.
If you’re seeking larger company loans that is greater than $250K we can offer an initial pre-approval to make the process. It is possible to make this decision without a credit check, and within 6 hours of the initial application. This pre-approval is based on a preliminary assessment which includes the answer to a series of financial well-being questions. It’s neither an offer nor a guarantee of financing. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you receive could be subject to different terms.
You may apply for a company loan if you
The application process is simple and simple. Complete the online form within a few minutes and an experienced company lending specialist will be in touch to guide you.
To apply for up $100,000, you’ll require the right identification documents (valid Driver’s Licence) as well as a valid NZBN/IRD as well as at least six months of bank statements.
For larger loan sizes, you’ll need:
$100K-$250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Details for application including credit consent and 12 months of bank statements, IRD statements, last 2 years finalised financial statements, as well as interim current financial year financials such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K and up) we usually provide an answer within an hour – as long as you apply in standard company times and let us use the advanced bank verification system link to instantly verify your bank details online. If you want to upload copies of your banking statements we can offer a decision within just an business day.
For the Larger Business Loan ($100K to $500K) we might be able to provide you with a conditional pre-approval in about 6 hours. Once you have signed the pre-approval form, it will take around 2-3 days for final approval, however this may be quicker depending on the circumstances of each application. Some agreements have been approved in less than 24 hours.
The most effective method is to make sure you apply during normal business hours. You can also allow us to use the advanced bank verification system link to check your bank’s information online. If you opt to send us copies of your bank statement, it will take a little longer.
For the Small Business Loan ($5K to $100K) we typically offer an answer within one hour, provided you submit your request during normal business timings and permit us to utilise the advanced bank verification system to instantly verify your bank’s information online. If you decide to send us copies of your bank statements we can offer a decision within 1 business day.
For the Larger Business Loans ($100K or more) We may be likely to offer you with conditional pre-approval within six hours. Once you have signed the pre-approval document, you will require to wait about 2-3 days for final approval, however this can be faster depending on the specifics of each application. Certain transactions have received approval within the space of 24 hours.
The most effective method is to ensure you apply during normal 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 duplicates of your banking statement, it takes a bit longer.
We provide loan amounts between $5,000 to $500,000. When you submit an application for a particular amount, we take into consideration a range of elements for determining how much we can lend you health that is your company as well as the amount of repayments that your company can support. The amount you receive from your loan will be contingent on the specific circumstances of your company.
When you submit an application for a particular amount, we look at a range of variables to determine the well-being of the company and the level of payments your business will be able to support. The total amount of your loan will be determined by the particular circumstances of your business.
If you decide to make an application for our business loan, we’ll assess the risk profile for your company and provide you with a customised offer including the amount of loan, the term and interest rates. A business loan is an upfront priced loan therefore you will know the exact amount due, which includes any charges, interest rates or fees.
The interest rates on company loans rates vary due to factors such as the amount that is borrowed, what company assets the funds are used to purchase, the industry the business is in, how long the business has been operating and how long the business has sufficient cash flow to fund the loan, and also the overall well-being and creditworthiness of the company.
There are no hidden fees for our business loans, and you’ll know exactly how much it is that you be required to pay, and when, right from the very 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 request a credit loan without any upfront costs or commitment to apply.
The Origination Fee includes the expenses associated with establishing and managing the loan. You are only charged this fee if you decide to take the loan. Our Origination Fee is 2.5% of the amount of loan.
You may choose to pay back the total amount of your loan early at any time.
If you decide to do this please speak to our friendly business credit specialists. The specialists will offer you with details for repayment and an early payment figure. This is calculated as the total of the principal amount remaining and accrued interest to the time of the early payout, plus 1.5% of the remaining principal and any fees that remain unpaid.
To help you avoid missing due dates and also to be in line with your cash flow cycle we provide payments that are either weekly or daily. They will be automatically deducted from the nominated business account.
Making sure that your information is secure, and making it clear the ways we gather data, process, exchange and ensure the security of your information is crucial and is an essential aspect of our relationship with you.
Yes. We use industry recognised encryption techniques to protect your sensitive, personal financial information and our funders are ISO 27001 qualified for our commitment to customer security and privacy. We employ a highly sophisticated banking verification system to instantly confirm your bank account information online, allowing us to provide quick responses.
Asset-based borrowing occurs when the company owner utilises an asset they own to obtain the loan. The asset can be an individual property, such as the family home, or an company property like a truck or other piece of machinery.
The vast majority of banks, even the big banks, tend to secure loans against assets. If you’re struggling to pay back the loan then the asset could be sold by the lender. In essence it is means of securing new funding using the value of what you already own.
For loans of up to $150,000, the requirement for asset security is not required prior to the loan’s access However, we require a personal guarantee. require an individual guarantee. As long as you follow your loan commitments (as stated in your loan contract) and you are able to meet your obligations, asset security will never be needed. For loans that exceed $150,000, generally, you are able to get an individual guarantee and security that is in the form a charge over assets.
Although we can’t help with an unsecured business loan for these industries, we may be able to assist you with a secured business loan.
