A Postans unsecured business loan is quick and easy to get. Apply for a loan quickly and use the money for your business.
What you can expect:
The criteria for eligibility for an unsecured business loan in Postans are fairly minimal.
Call Now 1300 124 298Requesting business loans in Postans business loans for company in Postans with us is easy and takes only some minutes, without lengthy forms or lines.
Be approved and receive your funds in 1 to 2 company days.
We want to assist Postans businesses of all kinds, including medium, small and even solopreneurs access funding fast so they can utilise the loan to grow and build.
The requirements for obtaining an unsecured business loan in Postans of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Take a look at the eligibility requirements for our $100K to $500K company loan.
The eligibility requirements in larger Postans company loans of between $100K and $500K are:
Are you looking for a lower amount of money? Find out the eligibility requirements for our $5K-$100K Postans unsecured company loans.
A Postans unsecured loan is perfect to use for every company need. Call us now.
Do you want to start working on one of these as soon as tomorrow? So, contact us or send your application online for the quickjest fasted way.
All that’s required to get started is your contact details (company name, your name, email and phone), how much you’d like to borrow, as well as your monthly income.
In the course of the process and before settlement we’ll require confirmation of who you are however, not in order to begin:
After we start in the process, for loans over $150,000 you’ll also require the following financial statements:
Let’s get started.
With traditional and bank lenders increasing their credit requirements The steady flow of non-bank and alternative loan providers that are entering the market offers the perfect source for you to take advantage of.
Postans SME’s are now being able to get finance from alternative lenders that service Postans who are focused on enabling company growth or smoothing the cash flow problems. In the past private credit options (drawing equity from a house loan or credit cards or personal loans, as well as the overdraft) provided the most viable alternative funding solutions for Postans that were available.
There’s there is no requirement to rely on the real estate market to secure company loans. With an unsecured loan business financing is easy. Instead of a traditional term loan from the bank, business finance for a small business with interest rates and loan terms that help in cash flow are available as business lending options.
There are many advantages associated in separating personal from business debt.
Lower your risks, make the tax process much easier. Get started with an unsecure loan for business. Get it today.
One of the main benefits of keeping your personal and business assets separate can be that your house does not have to be tied for access to the money. For a modest business loan within Postans up to $100K the security of assets won’t be needed as long as the borrower is able to meet their loan obligations.
Businesses will be in a advantageous long-term situation if they have a good credit or debt ability to service.
Separating personal and business financial accounts makes it more straightforward when it comes to tax time - particularly when determining what is the tax-deductible amount. The IRD has set out the guidelines on the proof required to claim deductions on 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 success of any business. Through keeping the personal financial and company finance separate, companies can easily view, monitor and plan based on their ability to accurately assess their cash flow position.
Postans unsecured loans offers amounts of between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow friendly repayments that are either daily or weekly.
Apply for this Small Business Loan in under 10 minutes over the phone, receive an answer within the same day and have the funds in your account in 24 hours. Traditional business loans refer to an interest rate per annum as well as other fees and charges. We offer a company loan is an upfront priced loan so you will be aware in advance of the total amount to be paid, including the interest, fees and charges. Then, it is broken down into either weekly or daily amount to be paid back.
The Small Business Loan can be used for nearly every business purpose including the management of cash flow, company remodeling, marketing to purchase inventory, new equipment, or as general working capital and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. The loan ranges from $100,000 to $500,000 over a fixed term that can last up to 36 months. Repayments are either weekly or fortnightly, depending on your situation.
It is important to note that the Larger Business Loan has an Origination Fee, which is determined at 2.5 percent of the amount of the loan.
In order to be eligible for a loan that is this large, your business needs to be operating for at least three years with an annual turnover of at least $700K. You must 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 to prove at least 12 months of trading.
A Business Loan of a larger size can be used for nearly any company need, including business renovations, to purchase inventory or new equipment or as general working capital, and much more. The loan cannot be used to fund personal expenses.
Asset security is necessary to obtain funding above $150,000. It is usually in the form of a charge against assets, and may include registering this in the PPSR or the registration of a caveat.
A personal or director’s ensure is a commitment to pay off a credit line that is generally in nature rather than stating the security for a particular asset. The person signing the ensure is personally liable in the event that the company the borrower fails to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It lists security interests that are that are registered for personal property (including the assets or goods). The PPSR permits priority over personal property to be assigned according to the date the security interest has been registered.
An affidavit is an official form of document to offer an official notice of a claim on a property.
If you’re requesting larger business loans of $250,000 or more we can offer a preliminary pre-approval to help simplify the process. We might be able to make this decision without a credit verification and within six hours of your initial application. This pre-approval is based on an initial assessment, which involves answering a couple of financial well-being questions. It’s in no way an offer, nor is it a guarantee of financing. The approval of a conditional loan is subject to a full credit assessment and any offer that you may receive may be subject to different terms.
You may be eligible for a company loan if you:
The application process is simple and simple. Simply complete the online form in just a few minutes, and a dedicated company credit specialist will be in touch to guide you through the process.
To be eligible for up to $100,000, you’ll require the right identification documents (valid Driver’s License) along with an NZBN/IRD that is valid and at least six months of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K-$250K: Information about the application including credit consent, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K – $500K: Application details including credit consent twelve months of bank records, IRD statement as well as the two most recent years’ financial statements, plus interim financials from the current financial year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K and up) we typically provide an answer in just one hour if you make your application in standard business timings and permit us to use the advanced bank verification system to instantly verify your bank’s information online. If you choose to upload copies of your banking statement, we’ll offer an answer in as little as an business day.
If you are applying for a Larger Business Loan ($100K and up) we may be likely to offer you with pre-approval conditional to your application in around 6 hours. Once you have signed the pre-approval document, you will require to wait approximately 2-3 days to receive final approval. However, this may be quicker depending on the circumstances of each application. Certain transactions have received approval within just 24 hours.
The most efficient method for you to apply is ensure you apply during standard business hours, and allow us to use the advanced bank verification system to instantly verify your bank account information online. If you opt to upload documents from your account statements , it takes a bit longer.
For the Small Business Loan ($5K or more) We can usually offer a response in one hour, provided you submit your request within normal business hours and let us use the advanced bank verification system to instantly verify your bank’s information online. If you want to send us copies of your bank statements, we’ll be able to provide the decision within an business day.
For Larger Business Loans ($100K and up) We may be able to provide you with pre-approval conditional to your application within six hours. After you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this may be quicker depending on the particular circumstances of each application. Certain offers have been approved within the space of 24 hours.
The fastest way would be to make sure you apply during normal business hours, and permit us to use the advance bank verification link to instantly confirm your bank details online. If you opt to send us duplicates of your banking statements it may take a bit longer.
We provide loans ranging from $5,000 and $500,000. When you submit an application for a certain amount we consider a variety of aspects to determine what is the health of the company and the extent of payments your company is able to afford. The total amount of the loan will be determined by the specific circumstances for your business.
When you apply for a specific amount we consider a variety of variables to assess the well-being for your business and the extent of repayments that your business will be able to support. The amount you receive from your loan will be determined by the particular circumstances that are unique to your company.
When you request the company loan, we’ll assess the risk profile that you have for your company and provide you with a customised offer, including the amount of loan, the term and interest rates. This business loan is an upfront priced loan and you’ll know in advance the total amount you will have to pay, including charges, interest rates or fees.
Business loan interest rates differ based on various factors like the amount of money that is borrowed, what business assets the funds will be used for in addition to the industry that the business operates in, how long the company has been running as well as whether the company has sufficient cash flow to cover the loan, and the overall well-being and creditworthiness of the business.
There are no hidden fees for our business loans. You’ll know precisely what it is that you be required to pay and when, from day one. There’s no compounding interest, and there are no additional charges (as long as you are able to make your payments in time).
We do not charge an application fee. You can make an application for loans without any upfront costs or obligation to proceed.
The Origination Fee covers the costs associated with the setting up and management of the loan. The only way to pay this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of loan.
You can repay all of your advance loan at any time.
If you are deciding to take this route, please contact our helpful business credit professionals. We will offer you with details on repayment along with an early payout estimate. It will be calculated using the total of the principal remaining and the accrued interest up to the time of the early payout in addition to 1.5 percent of the principal amount remaining and any outstanding fees.
In order to help you avoid missing payment dates and to align your cash flow cycle we offer repayments either weekly or daily. These are automatically deducted from the nominated company account.
Making sure that your information is secure, and knowing how we collect the information we collect, use, share and safeguard your data, is vital and is a crucial part of our relationship you.
Yes. We utilise industry-recognised encryption techniques to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our commitment to the security of our customers as well as their privacy. We utilise a sophisticated bank verification system that allows you to instantly verify your bank account information online to provide quick responses.
Asset-based borrowing is when a company owner uses an asset that they own to make the loan. The asset can be either an individual asset, such as the family home, or it could be a company asset such as a vehicle as well as a piece of machine.
The vast majority of the lenders including the big banks, tend to guarantee loans against assets. If you are having difficulty paying back the loan, then the asset could be offered for sale by the lender. In essence, it is means of securing new financing making use of the value of what you already own.
For loans that exceed $150K, there is no requirement for asset security prior to the loan’s access however, we require a personal guarantee. need the 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 will never be required. For loans that exceed $150K, generally, there is the option of a personal ensure and security is provided in the form of a charge over assets.
Although we cannot assist with an unsecured business loan in these industries, we may be able to assist you by providing a secured business loan.
