A Postans unsecured business loan is quick and simple to apply for. Apply for a loan quickly and use the money for your company.
You can expect:
The eligibility requirements for an unsecured business loan for a business loan Postans are fairly minimal.
Call Now 1300 124 298Requesting an business credit in Postans with us is easy and takes only a few minutes, no piles of paperwork or long waits.
Get approved and receive your cash within 1 – 2 company days.
We want to assist Postans companies of all kinds, from small to medium-sized entrepreneurs to obtain funding fast so they can make use of the loan to grow and build.
The requirements for getting an unsecured business loan in Postans of between $5K and $100K are fairly minimal.
Do you need more money? Take a look at the guidelines for eligibility for our $100K to $500K company loans.
The requirements for eligibility to be eligible for the larger Postans business loans of between $100K and $500K consist of:
Looking for a smaller amount of funds? Check out the eligibility requirements for our $5K-$100K Postans unsecured business loans.
A Postans unsecured loan is great to use for any company purpose. Talk to us today.
Do you want to start working on one of these as soon as tomorrow? Get in touch with us or apply online now to apply the fastest, most convenient way.
All that’s needed for starting is your contact details (the name of your company and your name, as well as email and phone), how much you want to borrow, and your monthly revenue.
In the course of the process and before settlement we will need confirmation of who you are, but not before we can begin:
Once we’ve started in the process, for loans of more than $150,000 you will also require basic financial statements:
Let’s get started now.
With banks and traditional lenders tightening credit conditions, the steady stream of alternative and non-bank loan providers entering the market provides a great resource for you to take advantage of.
Postans SME’s are now capable of accessing finance through alternative lenders that service Postans who are focused on enabling company growth or smoothing out problems with cash flow. In the past, when private credit options (drawing equity from the house loan, or using credit cards, personal loans and credit cards) was the sole alternative financing services available in Postans that were around.
There’s there is no need to depend on the real estate market to secure business loans. With an unsecured loan business financing is now easy. Instead of a traditional term loan from banks, business finance for an SME with interest rates and loan terms that help in cash flow are around as business credit options.
There are many advantages associated with separating personal and business debt.
Reduce your risk, make the tax process more simple, apply for an unsecure loan for business. Get it today.
The main benefit of keeping your business and personal company assets apart can be that your home isn’t required to be tied for access to the money. For a modest business loan within Postans up to $100K, asset security will not be required as long as the borrower is able to meet the loan requirements.
Businesses will be in a favourable long-term position if they are able to demonstrate credit/debt serviceability.
A separation between personal and company financial accounts makes it more seamless when it comes to tax time, especially when it comes to determining the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the requirements for evidence for claiming deductions on an organisation’s tax return. This is an area the IRD has advised specifically on.
Effective cash flow management is key for the long-term viability that of any company. By keeping your personal finances and company finances distinct, companies can easily view, monitor and plan based on their ability to accurately assess their cash flow position.
Postans unsecured loans provides amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow-friendly repayments that are either daily or weekly.
You can apply for this Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get a same day response and the funds could be on your account within 24 hours. Traditional company loans are based on an annual interest rate together with additional fees and charges. This company loan is a pre-paid loan therefore you’ll be aware in advance of the total amount due, which includes the interest, fees and charges. Then, it is broken down into a daily or weekly installment amount.
It is a Small Business Loan can be used for nearly any business purpose including control of cash flow company remodels and marketing for purchasing inventory or new equipment, to fund general working capital, and much more. The loan is not available for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund business expansion opportunities. Loans range between $100,000 and $500,000 with a fixed-term with a maximum of 36 months. Repayments are either weekly or fortnightly depending on the flow of cash.
It is important to note that the Larger Business Loan has an Origination Fee that is calculated at 2.5 percent of the amount of the loan.
In order to be eligible for a loan that is this large the company needs to be trading for at least 3 years, and have an annual income of at least $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.
A Larger Business Loan is a great option for almost any company use, including company renovations, to purchase equipment or inventory for general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is necessary for accessing funds over $150,000. It is usually by taking a charge against assets, and may include the registration of this with the PPSR or the registration of as a caveat.
A director’s or personal ensure is a commitment to repay a loan which is generally based rather than stipulating the security of a specific asset. The person signing the guarantee is personally liable in the event that the company creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including items or assets). The PPSR grants priority over personal property to be assigned according to the date the registration of a security interest.
A caveat is a legal document lodged to offer an official notice of a claim against a property.
If you’re requesting an enterprise loan that is greater than $250K it’s possible to offer a preliminary pre-approval to help ease the process. We might be able to do this without credit checks and within 6 hours of the initial application. The pre-approval is based upon an initial evaluation that involves answering a couple of financial well-being checks. This is not an offer of credit or guarantee of credit. The approval of a conditional loan is subject to a full credit assessment and any offer you may receive may have different conditions.
You may be eligible for an company loan if you
The application process is quick and easy. Just complete the online application in just a few minutes, and an experienced company loan specialist will call you to help you.
For a loan of up to $100,000, you’ll require ID details (valid Driver’s Licence), an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K – $250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K to $500K: Details for application including credit consent twelve month bank accounts, the IRD statement as well as the two most recent years’ financial statements, as well as interim current financial year financials as well as Aged Payables and Receivables summary.
For an unsecured loan ($5K or more) we usually provide a response in one hour, provided you make your application within quality business times and let us make use of the advanced bank verification system to instantly verify your bank details online. If you choose to send us copies of your bank statements , we are able to offer a decision in just the span of one business day.
For the Larger Business Loan ($100K up to $500,000) we may be likely to offer you with pre-approval conditional to your application in about six hours. After you’ve signed your pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, this could be shorter based on the circumstances of each application. Some agreements have been approved in 24 hours.
The fastest way can be make sure you apply during normal business hours. Also, allow us to use the modern bank verification link to instantly check your bank’s information online. If you decide to send us the copies of bank statement, it takes a bit longer.
For the Small Business Loan ($5K or more) we can often provide an answer within one hour, provided you make your application in normal business timings and allow us to make use of the advanced bank verification system link to instantly verify your bank details online. If you want to upload copies of your bank statements, we are able to provide a decision in just the span of one business day.
For Larger Business Loans ($100K to $500K) we may be able to offer you with conditional pre-approval in around 6 hours. Once you have signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval, however this may be quicker depending on the particular circumstances of each application. Some transactions have received approval within less than 24 hours.
The fastest method can be ensure you apply during standard business hours, and let us use the advanced bank verification system link to instantly check your bank’s information online. If you choose to send us documents from your account statements it takes a bit longer.
We provide loan amounts between $5,000 to $500,000. If you apply for a particular amount, we will consider a number of factors in order to assess how much we can lend you well-being of the business and the extent of the repayments your company can afford. The amount you receive from the loan will be determined by the particular circumstances the business.
When you apply for a set amount, we consider a variety of aspects to assess how much we can lend you such as health that is your company as well as the amount of payments your company will be able to support. The total amount of your loan will depend on the particulars for your business.
When you apply for one of our company loan, we’ll assess the risk profile of your company and offer you with a customised proposal that includes the amount of loan, the term and interest rates. This business loan is a loan that is priced upfront and you’ll be aware of the total amount you will have to pay, including costs, fees, or interest rates.
Interest rates for company loans rates depend on several factors like the amount of money borrowed, the company assets the money will be used for in addition to the industry that the business operates in, the long the company has been running as well as how long the business has enough cash flow to pay for the loan, as well as the overall well-being or financial standing of the business.
There aren’t any hidden charges for our business loans, and you’ll know exactly how much you’ll need to pay and at what time, from the first day. There’s no compounding interest, and no extra fees (as as long as you pay your payments in time).
We don’t charge an Application Fee. You can make an application for loans without any upfront costs or commitment to apply.
The Origination Fee covers the expenses involved with establishing and managing the loan. The only way to pay this fee if you decide to take the loan. The Origination Fee for us is 2.5% of the amount of the loan.
You can choose to repay all of your advance loan at any time.
If you decide to pursue this option, please talk to one of our helpful company loan experts. They’ll provide you with repayment details and an early payment figure. This is calculated as the sum of the principal balance and any accrued interest at the date of early payout in addition to 1.5 percent of the principal balance as well as any outstanding fees.
To help you avoid missing due dates and also to be in line your cash flow schedule, we offer repayments that are either daily or weekly. They will be automatically deducted from the nominated company account.
Security of your data, and knowing how we collect the information we collect, use, share and ensure the security of your information is crucial and a vital aspect of our relationship with you.
Yes. We make use of industry-standard encryption standards to protect your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to the security of our customers as well as their privacy. We utilise a sophisticated bank verification system link to immediately verify the bank account details online so we can provide an immediate response.
Asset-based borrowing is when the business owner borrows from the assets they have to obtain the funding. The asset may be an asset belonging to the personal, like the family home, or a business asset such as a vehicle or other piece of machinery.
The majority of banks, not just the major banks, prefer to make loans secured by assets. If you’re having trouble paying back the loan, your asset may be sold by the lender. In essence it is a way of securing new funding using the value of what you already have.
Up to $150K in loans the requirement for asset security is not required upfront to access the money However, we do require a personal guarantee. If you adhere to the loan terms (as specified in the loan contract) the security of assets is not required. For loans of over $150,000 generally, you are able to get a personal ensure and security that is in the form the charge of assets.
Although we cannot assist with an unsecured business loan for the above industries, we might be able assist with an secured business loan.
