A Bedford unsecured business loan is simple and quick in applying for. Apply for a loan quickly and start using the funds to grow your business.
What you can expect:
The criteria for eligibility for an unsecured business loan in Bedford are fairly minimal.
Call Now 1300 124 298Applying for a business loans in Bedford with us is easy and takes just less than a minute, with no mountains of paperwork or queues.
Get approved and receive your funds in one to two company days.
We are aiming to assist Bedford businesses of all kinds, from small to medium-sized solopreneurs access funding fast so they can use the loan to grow and build.
The eligibility requirements for an unsecured business loan in Bedford of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Find out the conditions of eligibility for our $100K to $500K company loan.
The eligibility requirements in the larger Bedford company loans of between $100K and $500K include:
Looking for a smaller amount of funds? Find out the guidelines for eligibility for our $5K to $100K Bedford unsecured company loans.
A Bedford unsecured loan is perfect for virtually any company reason. Talk to us today.
Want to get started on one of these options as early as tomorrow? Contact us now or apply online to get the fastest and most effective process.
All that is needed to get started is your contact details (the name of your company, your name, email or phone number) along with the amount you’d like to borrow, and your monthly income.
Through the process and before settlement we will require confirmation of who you are but not to get started:
In addition, once we have started when it comes to loans that exceed $150,000, you’ll also require the following financial statements:
Let’s get started.
With banks and traditional lenders tightening their credit terms, the steady stream of alternative and non-bank loan providers that are entering the market offers the perfect source to make use of.
Bedford SME’s are now being able to get finance from alternate lenders servicing Bedford who are focused on facilitating company expansion or smoothing out cash flow challenges. In the past, personal credit sources (drawing equity from the house loan or credit cards, personal loans and the overdraft) could be the best alternative funding services within Bedford that were available.
There is now there is no requirement of having to depend on the real estate market to secure business loan. With an unsecured loan, business financing is now easy. Instead of a term loan with banks, business finance for a small company with interest rates and loan terms that aid with cash flow are around as business loans.
There are many advantages associated with the separation of personal and company debt.
Reduce your risk, make the tax process easier, get started with an unsecured busines loan. Apply today.
One of the main benefits of keeping your personal and company assets apart can be that your house isn’t tied to the funds. In the case of a business loan in Bedford up to $100K asset security won’t be required as long as the borrower meets the loan requirements.
Businesses will be in a favourable long-term position if they are able to demonstrate credit/debt ability to service.
The separation of personal as well as business finances makes it significantly more seamless when it comes to tax time - especially when it comes to determining the tax-deductible allocation. The IRD has outlined the guidelines on the proof required to claim deductions on a company’s tax return. This is an area the IRD have specifically advised on.
Effective management of cash flows is essential to the long-term viability for any business. By keeping the personal financial and business finance separate, businesses can easily view their cash flow, plan and monitor it based on the ability to effectively evaluate their cash flow situation.
Bedford unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 months and cash flow friendly repayments, which are either daily or weekly.
You can apply to the Small Business Loan in under 10 minutes over the phone. You’ll get a same day response and the money could be in your account in 24 hours. Traditional business loans reference an interest rate per annum along with other charges and fees. The business loan is a cash-based loan so you will know in advance the total amount payable including any interest, fees or charges. This is then broken down into weekly or daily repayment figure.
The Small Business Loan can be used for nearly every business use, including the management of cash flow, company remodeling, marketing, to purchase inventory or new equipment, to fund general working capital and so much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size loan to aid in company growth opportunities. The loan ranges from $100,000 to $500,000 over a fixed term with a maximum of 36 months. The repayments are made weekly or fortnightly to work with your situation.
The Larger Business Loan has an Origination Fee, calculated at 2.5 percent of the amount of the loan.
To be eligible for a credit in this amount, your company needs to have been trading for at least 3 years and have an annual turnover of at least $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old as well as own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A large business loan can be used for nearly every company need, including business remodeling, buying new equipment or inventory, as general working capital, and much more. The loan cannot be used for personal use.
Asset security is necessary for funding of more than $150,000. This is by taking a charge against assets, and could include registering this in the PPSR or filing a caveat.
A director’s or personal ensure is a commitment to repay credit that is generally in nature rather than stipulating the security of a specific asset. The person who signs the ensure is personally liable if the business the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It reflects security interests that are registered for personal property (including goods or assets). The PPSR grants preference over private property granted according to the date the security interest was registered.
An affidavit is an official document filed to provide an official notice of a claim against a property.
If you’re applying for the Larger Business Loan of more than $250K it is possible to offer an initial pre-approval in order to simplify the process. We may be able to apply for this without a credit check and within 6 hours of your initial application. The pre-approval process is based on an initial assessment, which involves the answer to a series of financial health questions. This is in no way an offer, nor is it a guarantee of finance. Acceptance without condition is subject to an assessment of your creditworthiness and any offer that you receive could be based on different terms.
You may apply for an company loan if you
The process for applying is fast and easy. Just fill out the online application within a couple minutes, and an experienced company expert in lending will be in touch to help you.
For a loan of up to $100,000, you’ll need proof of identity (valid Driver’s Licence), a valid NZBN/IRD and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll also require:
$100K-$250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Information on the application including credit consent and 12 months of bank statements, IRD statements, last 2 years finalised financial statements, in addition to interim financial statements for the current year including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K or more) We can usually provide an answer within an hour if you make your application within standard business timings and let us make use of the advanced bank verification system to instantly verify your bank details online. If you opt to upload copies of your bank statements , we are able to provide the decision within 1 business day.
For the Larger Business Loan ($100K up to $500,000) we may be able to provide the conditional pre-approval in around 6 hours. Once you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval, however this may be quicker depending upon the circumstances for each application. Some agreements have been approved within the space of 24 hours.
The most effective method for you to apply is make sure you apply during normal company hours and allow us to use the advance bank verification to instantly verify your bank account information online. If you send us duplicates of your banking statement, it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often provide a response in one hour – provided you submit your request during normal business timings and allow us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you decide to submit copies of your bank statements we can offer an answer within one business day.
If you are applying for Larger Business Loans ($100K and up) we may be capable of provide you with conditional pre-approval within about six hours. Once you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Some transactions have received approval in less than 24 hours.
The fastest method for you to apply is make sure you apply during normal business hours. You can also allow us to use the sophisticated bank verification to instantly verify your bank information online. If you choose to upload the copies of bank statements, it takes a bit longer.
We provide loans that range from $5,000 and $500,000. When you submit an application for a certain amount we take into consideration a range of aspects to determine your well-being of your business and the amount of the repayments your business can afford. The total amount of your loan will depend on the particular circumstances of your company.
When you apply for a certain amount, we look at a range of aspects to determine how much we can lend you such as health that is your business and the amount of repayments your business will be able to support. The total amount of your loan will depend on the particulars of your business.
If you decide to apply for one of our company credit, we will assess the risk profile that you have for your company and offer you with a customised offer including the amount of loan, the term and interest rates. A business loan is an upfront priced loan so you will be aware of the total amount payable including any charges, interest rates or fees.
The interest rates on company loans rates vary due to factors such as the amount that is of money borrowed, the business assets the money are used to purchase, the industry the business operates in, how long the company has been operating and whether the company has sufficient cash flow to pay for the loan, and also the general well-being or creditworthiness of the business.
There are no hidden fees with our business loans, and you’ll be aware of the amount you need to pay and when, starting from the first day. There’s not any compounding interest and no extra fees (as long as you are able to make your payments in time).
We don’t charge an application fee. You are able to apply for a loan without any upfront costs or commitment to apply.
The Origination Fee covers the expenses involved with setting up and managing the loan. The only way to pay this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You may choose to pay back the entire amount of your loan in full at any time.
If you do decide to do this please speak to our friendly business loans professionals. They will provide you with the details of your repayment and an early payout figure. This is calculated as the sum of the remaining principal amount and the accrued interest up to the time of the early payout and 1.5% of the principal balance as well as any outstanding fees.
To ensure that you don’t miss payments and to work your cash flow cycle we provide payments that are either daily or weekly. They are automatically deducted from your designated company account.
Security of your data, and being clear about the ways we gather data, process, exchange and protect your information, is of paramount importance and a vital part of our relationship you.
Yes. We employ industry-recognised encryption protocols to safeguard your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our commitment to security for our clients and security. We employ an exceptionally sophisticated bank verification system that allows you to immediately verify the bank account details online, allowing us to offer a fast response.
Asset-based borrowing occurs when the business owner utilises the assets they have to get the funding. The asset can be either an individual asset, such as the family home, or it could be a business property like a truck as well as a piece of machine.
The vast majority of the lenders even the largest banks, are inclined to guarantee loans against assets. If you are having difficulty paying back the loan then your assets could be taken over by the lender. In essence, it’s the process of securing new financing by taking advantage of the value of what you already have.
For loans up to $150,000 it is not necessary to secure assets before you can access the money but we do need a personal guarantee. In the event that you fulfill the terms of your loan (as specified in your loan contract document) and you are able to meet your obligations, asset security is not required. For loans over $150K typically, you will need an individual ensure and security that is in the form charges on assets.
While we aren’t able to help with an unsecured business loan for these industries, we may be able assist with an secured business loan.
