Unsecured Business Loans West Harbour NZ

Today, You'll Be On The Right Track To Success With a West Harbour Business Loan

Unsecured Business Loans West Harbour

A West Harbour unsecured business loan is quick and easy to get. Approve your loan in a matter of minutes and start using the funds for your business.

  • Are additional funds able to help your business with working capital or in achieving a growth opportunity?
  • What is the financing strategy you are using to fund your business needs?

What to expect:

  • Easy to apply to be approved and receive the funds will be available as early as tomorrow
  • Optionally , no reayments during the first 4 weeks
  • Amount of loan from $5k up to $500K
  • Terms ranging from 3 to 36 month
  • Competitive interest prices
  • Minimal docs needed

The eligibility requirements for an unsecured business loan for a company loan West Harbour are fairly minimal.

Call Now 0800 500 870
Business credit rates and repayment terms, as well as flexible repayment options to fit the requirements of your company requirements.
Business Lending Options
I can now fund the remodel of our brand new West Harbour resturant without having draw cash from other ones.
West Harbour Resturant Owner
Simple loan application procedure that comes with a high borrowing limit, minimal requirements for credit, and no requirement to provide a business plan. You no longer need to use your personal credit card or business credit cards to finance your business.
Unsecured Loans Made Simple
I'm now able to go on vacation knowing that it is safe knowing that West Harbour business will run without a hitch.
Local Business Owner
Business loans, in particular an unsecured business loan or line of credit for business financing need have no difficult process. Business finance can be in the form in the form of small business loans with an interest rate cost, and with a repayment schedule that fits your company cash flow.
Business Lenders for Business Goals
I'm now able to hire a marketer to boost my business to the next step.
Growing West Harbour Business
I am now able to make beverages for customers using the best equipment.
Cafe Owner
I'm able to get my taxes back on time.
Small Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

The process of applying for a business loans in West Harbour with us is easy and takes only less than a minute, with no lengthy forms or lines.

Approved and receive cash within 1 – 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our goal is to assist West Harbour businesses of all kinds, from small to medium-sized soloprenuers to get access to quick funding so that they can take advantage of loans to expand and grow.

  • It starts with an easy online application, or phone call
  • Flexible terms for repayment to fit your company
  • Quick funding in a day or two days
  • A team wanting both you and your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for obtaining an unsecured business loan in West Harbour of between $5K to $100K are quite minimal.

  • The minimum period of 6 months for which you must be in business
  • At least $6,000 revenue per month
  • You must be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as evidence of identity
  • You should have a New Zealand bank as your principal account for trading
  • Bank statements from the last 6 months

Need more funds? Check out the conditions of eligibility for our $100K to $500K business financing.

Here's How Others Have Benefited

Examples of Business Loans

A gym that had been operating for over three years was looking to expand and was in require of additional equipment. With an average monthly revenue of $37K they borrowed $72K over a 24 month period. No security was needed for the loan and it was ready in the span of 24 hours.
Gym
A designer for interiors had seen an opportunity to grow their business and required working capital to finance the expansion. With a monthly income of $300K, they borrowed $250K in 24 months. Their turnaround time was only two days and all they needed to present was 12 months of bank statement, IRD confirmation, and trust deed.
Interior Designer
The owner of a restaurant wanted to open a second establishment and required funds to remodel. The bank they approached wasn't interested in helping. Their typical monthly earnings was $50K, and they were able to borrow $66K over 24 months. The turnaround time was just 8 hours.
Restaurant Owner
Acquiring a pizza store and two liquor stores six to 12 months earlier the new owners needed additional cash. The total revenue of the two stores was more than $500K per month and they were able to obtain $300K. The loan was split into $100K per store on a mix of 24 and 36 month terms. No security over the owner's homes was required.
Owner of a Pizza Store & 2 Liquor Stores
A business coach was seeking to invest in the well-being and cosmetics company. With just under twelve thousand dollars in monthly income the company borrowed $24K over 24 months. The loan was based on 12 months of bank statement and was completed in less than 8 hours.
Business Coach
Simple eligibility checklist

Larger West Harbour Business Loan Eligibility Criteria

The criteria for eligibility for loans from larger West Harbour business loans of between $100K and $500K consist of:

  • Minimum of 3 years in business
  • At least $700K in annual income
  • You must be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as proof of identity
  • Use an account at a New Zealand bank as your principal account for trading
  • Bank statements from the previous six months
  • Certain financial statements, such as Profit & Loss as well as Aged Accounts Payable and Receivable

Looking for a smaller amount of funding? Look over the eligibility requirements for our $5K to $100K West Harbour unsecured business loans.

Business Lending for a Cash Injection

What do you want to use the business loan in West Harbour for?

A West Harbour unsecured loan is ideal for nearly every business reason. Talk to us today.

  • Add or remodel the commercial space
  • Grow the team during busy times
  • Increase stock quantities to keep pace with demand
  • Build a new website or improve your marketing
  • Consider investing in new equipment, tools or technological advancements
  • Purchase additional stock to meet seasonal demand
  • Manage cash flow fluctuations
  • Plus many more …

Want to get started on one of these as soon as tomorrow? Then get in touch with us or apply online now to get the fastest and most efficient process.

Quick application checklist

What do you need to apply

All that’s needed to start is your contact information (the name of your company, your name, email or phone number) along with the amount you’d like to borrow and your monthly revenue.

During the process and before settlement we’ll need confirmation of who you are however, not in order to begin:

  • Idenfication information (valid Driver’s License)
  • Details of the business including time of trading, ownership details , and details of ownership and trading time, as well as NZBN (New Zealand Business Number)

Once we’ve started in the process, for loans of more than $150,000 you will also require fundamental financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

With the busy Christmas season nearing, a clothing store required working capital in order to fund extra inventory and benefit from discounts from suppliers. They were able to borrow $20K for 12 months with no security of assets required. They received the money in just 24 hours.
Clothing Store
When they purchased a pizza place as well as two liquor stores six to 12 months prior, the new owners were looking for additional cash. The total revenue of the two stores was more than $500K per month and they could borrow $300K, split out as $100K for each store, with an option of both 24 and 36 month terms. There was no security on the owners' houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
The owner of a restaurant wanted to open another restaurant and required funds to renovation. Their bank wasn't willing to help. The typical monthly income for them was $50K, and they were able to get a loan of $66K over 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
A business coach was looking to invest in the health and beauty business. With just under twelve thousand dollars in monthly income they borrowed $24K in 24 months. This only required the submission of 12 months' bank statement and was done in only 8 hours.
Business Coach
A gym that was operating for over three years decided to increase its size and was in require of additional equipment. With monthly revenue of $37K they borrowed $72K over a 24 month period. No security was required to secure the loan. It was settled within only 24 hours.
Gym

Unsecured Business Loan West Harbour NZ 0618

The lending landscape has changed

With banks and traditional lenders increasing their credit requirements The steady flow of alternative and non-bank loan providers that are entering the market offers the perfect source to access.

West Harbour SME’s are now capable of accessing finance through alternative lenders that service West Harbour who are focused on enabling company expansion or smoothing out the cash flow problems. The past was when the personal sources of credit (drawing equity from the home loan, or by using credit cards in addition to personal loans and overdrafts) were the only alternative financing services for West Harbour that were available.

There’s there is no need of having to rely on the real estate market to secure company lending. With an unsecured loan business financing is easy. Instead of a traditional term loan from a bank, business finance for a small company with interest rates and loan terms that can help in cash flow are available as business credit options.

 

 

High level summary

Separate personal and business debt

There are many benefits with separating personal and business debt.

  • Your home, or other investments, aren’t tethered for the purpose of accessing funds
  • This business is in a better position to build its own credit history
  • It is significantly more seamless for tax time
  • Businesses can easily assess how they are performing, monitor and plan on the ability to clearly evaluate their cash flow situation

Lower your risks, make tax time simpler, start with an unsecured busines loan. Get it today.

For those who like the detail

Separate personal and business debt

Risk

One of the main benefits of keeping your individual and company assets apart is that your house isn’t required to be tied to access the funds. For a modest business loan within West Harbour up to $100K the security of assets won’t be required as long as the borrower fulfills the loan requirements.

Credit history

Companies are in a stable long-term position when they have a good credit or debt serviceability.

Tax

The separation of personal as well as company finances makes it more seamless with regards to tax time - particularly when determining what is the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has laid out rules on the evidence required to be able to claim deductions on the tax return of a company. This is an area that the IRD have specifically advised on.

Cash flow

Effective cash flow management is key for the long-term viability for any business. By keeping your personal finances and company finances separate, businesses can easily view their cash flow, plan and monitor it based on the ability to clearly evaluate their cash flow situation.

I'm now able make beverages for clients with the best equipment.
Cafe Owner
I can now take vacation knowing that I am confident that my West Harbour business will run without a hitch.
Local Business Owner
Business loans, especially those that are unsecured business loan or line of credit to business funding require never be an stressfull procedure. Business finance can be in the form of small business loans at a fixed interest rate cost, and with a repayment period that is suitable for your business financial needs.
Business Lenders for Business Goals
An easy loan application process that comes with a high loan limit, with minimal requirements for credit and there is no requirement to create a business plan. You no longer need to use your personal credit card and company credit card to finance your company.
Unsecured Loans Made Simple
Business business loans, interest rates and repayment terms and flexible repayment options to fit your company requirements.
Business Lending Options
I'm now able hire a marketing professional to take my business to the next stage of business growth.
Growing Business
I can get my tax back on track.
Small Business Owner
I can now fund the fitout of our modern West Harbour resturant without having to take cash from other resturants.
West Harbour Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

More about the West Harbour Small Business Loans

Let me know more about West Harbour Small Business Loans

West Harbour unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 months and cash flow friendly repayments, which are either daily or weekly.

What makes what makes the Unsecured Loan different from a traditional company loan?

Apply to your Small Business Loan in under 10 minutes on the internet or by phone. You will receive an instant response and have the funds on your account within 24 hours. Traditional company loans reference an interest rate per annum as well as other fees and charges. This company loan is an upfront priced loan which means you be aware of the total amount to be paid, including the interest, fees and charges. Then, it is broken down into either weekly or daily installment amount.

What could the Small Business Loan be used for?

The Small Business Loan can be used for virtually any business reason, such as the management of cash flow, business improvements, advertising for purchasing inventory or new equipment, to fund general working capital and much more. The loan cannot be used for personal use.

About larger West Harbour Business Loans

What is the Larger West Harbour Business Loan?

The Larger Business Loan is a larger size loan to aid in company growth opportunities. Loans are between $100,000 and $500,000 over a fixed term that can last up to 36 months. Repayments are either weekly or fortnightly to work with you cashflow.

How’s the Origination Fee calculated?

The Larger Business Loan has an Origination Fee which is determined at 2.5% of the loan amount.

Do I qualify for the Larger Business Loan?

To qualify for a loan in this amount the business needs to be operating for at least three years with an annual turnover of at least $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.

What can I use the funds for?

A large company loan is a great option for almost all business reason, such as business improvements, purchasing new equipment or inventory as well as for general working capital and much more. The loan is not available to fund personal expenses.

Is the Larger Business Loan one that is secured?

Asset security is required to access funding over $150,000. It is usually by taking a charge on assets, and may include the registration of this with the PPSR or registering a caveat.

A personal or director’s ensure is a commitment to repay a loan which is general in nature, rather than defining the security of a specific asset. The person who is signing the ensure is personally responsible if the company creditor is unable to repay the debt.

The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It records security interests that have been that are registered for personal property (including objects or assets). The PPSR grants preference over private property assigned according to the date a registration of a security interest.

The caveat can be described as a formal document that is filed to offer notice of a legal claim to property.

What is a pre-approval minus Credit Check?

If you’re requesting an enterprise loan that exceeds $250K it’s possible to offer an initial pre-approval to ease the process. It is possible to get this done without a credit verification and within six hours of your initial application. This pre-approval is based on an initial assessment, which involves the answer to a series of financial well-being questions. This is neither an offer nor a guarantee of financing. Unconditional approval is subject to an assessment of your creditworthiness and any offer you are offered could be based on different conditions.

Application process

Do I have the right to receive funds?

You may apply for a company loan if you:

  • are a New Zealand Citizen (or Permanent Resident)
  • are at least 18 years old, own a New Zealand business (with a valid NZBN/IRD)
  • can demonstrate at least 6 months worth of trade (for the unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K or $500K)

How do I apply?

The application process is fast and simple. Just complete the online application within a couple minutes, and an experienced business expert in lending will be in touch to assist you.

To be eligible for up to $100,000, you’ll require the right identification documents (valid Driver’s Licence), an NZBN/IRD that is valid and at least 6 months of bank statements.

For larger loan sizes, you’ll need:

$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 and 12 months of bank statements, IRD statement as well as the two most recent years’ financial statements, and interim financials from the current financial year such as age-related payables and aged Receivables summaries.

How fast will I get a decision?

For an unsecured loan ($5K up to $100,000) we can often provide a response in one hour – as long as you apply at quality company times and permit us to utilise the bank verification system link to immediately verify your bank account information online. If you decide to upload copies of your bank statements , we are able to provide a decision within just an company day.

If you are applying for a Larger Business Loan ($100K and up) we could be able to provide you with conditional pre-approval in about six hours. After you’ve signed your pre-approval document, you will need to wait between 2 and 3 days for the final approval. However, this could be shorter based on the specifics of each application. Certain transactions have received approval within just 24 hours.

The quickest method for you to apply is ensure you apply during normal company hours and let us use the advanced bank verification system link to instantly confirm your bank details online. If you choose to upload documents from your account statements , it can take a bit longer.

How fast will I get the funds?

For the Small Business Loan ($5K and up) we usually offer an answer within one hour, provided you submit your request within standard business time and permit us to make use of the advanced bank verification system to instantly verify your bank details online. If you want to submit copies of your bank statement, we’ll offer a decision within 1 business day.

For Larger Business Loans ($100K or more) we might be likely to offer you with conditional pre-approval in around six hours. Once you have signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, this could be shorter based on the circumstances of each application. Certain offers have been approved within 24 hours.

The fastest method would be to make sure you apply during standard business hours and permit us to use the advanced bank verification system link to confirm your bank details online. If you opt to upload copies of your bank statements, it will take a little longer.

How much can I borrow?

We offer the loan amount between $5,000 to $500,000. When you submit an application for a particular amount, we consider a variety of factors for determining the health of the company and the amount of repayments that your company can afford. The amount you receive from your loan will depend on the specifics that are unique to your company.

When you apply for a set amount, we consider a variety of aspects to assess the well-being of your company as well as the amount of repayments that your company can support. The amount you receive from your loan will depend on the specifics the business.

Fees & repayments

How do you charge for the cost of a company loan?

If you decide to request one of our company credit, we’ll assess the risk assessment for your company and provide an individualised offer that includes the loan amount, the terms and the interest rates. The company loan is a loan that is priced upfront therefore you will know the exact amount to be paid, including any interest rates, fees or charges.

What determines the amount I pay?

Interest rates for business loans rates vary due to factors including the amount that is borrowed, what business assets the funds will be used for in addition to the industry that the company is operating in, how long the company has been in operation as well as whether the company has enough cash flow to support the loan, and the general well-being and creditworthiness of the company.

What are the charges?

There are no hidden fees with our business loans. You’ll know exactly how much you be required to pay and when, right from the very first day. There’s no compounding interest and there are no additional charges (as as you make your payments on time).

We don’t charge an Application Fee. You are able to request a credit loan absolutely no upfront cost and no commitment to apply.

The Origination Fee includes the expenses associated with establishing and managing the loan. You are only charged this cost if you take out the loan. Our Origination Fee is 2.5% of the amount of loan.

Can I pay off the loan earlier?

You can choose to repay the entire amount of your advance loan at any time.

If you are deciding to take this route, please speak to our friendly business lending specialists. They’ll provide you with repayment details and an early payout figure. The figure will be calculated as the total of the principal balance and the accrued interest up to the date of early payout in addition to 1.5% of the principal amount remaining as well as any outstanding fees.

How do you make repayments work?

To make sure you do not miss repayments and to fit in your cash flow schedule, we provide repayments either weekly or daily. These are automatically deducted from the nominated business account.

Security & privacy

Will my data be secure?

Security of your data, and being clear about the ways we gather, use, exchange and ensure the security of your information is of paramount importance and a vital aspect of our relationship with you.

Is it safe to link my bank account to the platform?

Yes. We make use of industry-standard encryption standards to protect your sensitive, personal financial information and our funders are ISO 27001 qualified for our commitment to the security of our customers as well as their security. We make use of an advanced bank verification system link to instantly confirm your bank account information online, allowing us to offer a fast response.

About business loans

How do you define asset-based lending (a secured loan)?

An asset-based loan is when the business owner makes use of assets they own to get the loan. The asset may be a personal asset like the family home or a business asset like a truck or piece of equipment.

The majority of banks, not just the big banks, tend to guarantee loans against an asset. If you’re struggling to pay back the loan then your assets could be taken over by the lender. In essence, it’s the process of securing new funding using the worth of the asset you already have.

What do I need security for an business loan?

For loans up to $150K no asset security is required before you are able to access the money, however we require a personal guarantee. require the personal guarantee. If you adhere to the loan terms (as stipulated in the loan contract) and you are able to meet your obligations, asset security is not needed. For loans of over $150,000 typically, you will need a personal ensure and security in the form of a charge over assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites or auction houses
  • Debt purchasers or debt collection companies
  • Direct marketers including telemarketing, fundraising, mail order, direct-mail etc
  • Finance institutions & lenders
  • {Firearm dealers
  • Foreign currency exchange solutions
  • Freight forwarding & customs clearing houses
  • Anything gambling related
  • Not-for-profit organisations such as charities, churches etc
  • Panel beaters & smash repairers
  • Pawnbrokers and pawn shops
  • Property development
  • Investment business, shares or stockbrokers
  • Tattoo studios
  • Taxi and ridesharing services
  • Ticket resellers and entertainment sales
  • Tow truck services
  • Secondhand automotive dealerships
  • Car glass tintingcompanies
  • Car wrecking yards

Although we can’t help with an unsecure business loan in these industries, we may be able assist by providing an secured business loan.

NZ Small Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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0800 500 870